Business
GLP secures up to US$1.5 billion investment from Adia unit
Global logistics builder and investor GLP has secured up to US$1.5 billion of investment from a wholly-owned subsidiary of the Abu Dhabi…
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Billion
Business
Google to invest additional US$9 billion in Virginia data centres
Alphabet’s Google is investing an additional US$9 billion in Virginia till 2026 to enhance cloud and artificial intelligence (AI)…
Business
TikTok owner ByteDance sets valuation at over US$330 billion as revenue grows: sources
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant…
News
Trump asks Supreme Court to block $12 billion in foreign assistance
The administration rushed to the Supreme Court on Wednesday seeking a reprieve from lower court proceedings that, if left unchecked, would…
News
Trump boasts he's raised more than $1.5 billion since 2024 election
President Trump boasted Wednesday that he has raised more than $1.5 billion since winning the election last year. Source link
Business
CapitaLand Ascott Trust acquires three rental housing properties in Japan for 4 billion yen
CapitaLand Ascott Trust (Clas) has acquired three rental housing properties in Japan for a total of 4 billion yen, said managers of the…
Business
Russians hoard record US$500 billion in banks lured by high rates
Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates for savings…
Business
China tech giant JD.Com unit, two other firms plan US$1 billion Singapore Reit
[SINGAPORE/HONG KONG] The property investment arm of Chinese e-commerce giant JD.Com and two other firms plan to launch a Singapore-based…
Business
Australia’s Nine Entertainment Posts $1.75 Billion Revenue, $86 Million Profit
Australian media giant Nine Entertainment Co. Holdings Limited posted revenue of AUD2.7 billion ($1.75 billion) and a net profit after tax…
Business
Prudential H1 new business profit up 12% at US$1.26 billion
The growth is supported by higher annual premium equivalent sales and margin expansion Prudential on Wednesday (Aug 27) announced that its…
Business
Prudential H1 new business profit rises 12% to US$1.26 billion; Singapore second-largest contributor to growth
Prudential on Wednesday (Aug 27) announced that its new business profit – a measure of profitability for insurance businesses – rose to…
Business
AT&T to buy wireless spectrum licences from EchoStar for US$23 billion
AT&T said on Tuesday (Aug 26) it will purchase key wireless spectrum licences from EchoStar for about US$23 billion, as the US telecom…
News
South Korea bets US$150 billion on reviving troubled US shipbuilding to woo Trump
South Korean President Lee Jae-myung is leaning on promises to “Make America Shipbuilding Great Again” during his first official US trip,…
Business
Suzuki Motor to invest US$8 billion in India over next 5 to 6 years
It will increase production, launch new models and defend its market share in the world’s third-largest car market [HANSALPUR, India]…
Business
GLP secures 2.5 billion yuan investment for China data centre
Logistics company GLP said on Tuesday it had secured an investment of 2.5 billion yuan (S$449 million) from Zhejiang government-backed…
Business
Hyundai to lift US investment to US$26 billion after Lee visit
Hyundai Motor Group will increase its investment in the US to US$26 billion to 2028, as it seeks to expand autos, steel and robotics…
Business
AirTrunk seals A$16 billion refinancing, plans fresh sales to fuel expansion
AirTrunk has closed an A$16 billion (S$13.3 billion) refinancing, the largest sustainability-linked financing ever in Asia-Pacific and…
Business
Keurig Dr Pepper is buying Peet’s Coffee owner in a deal worth $18 billion
Keurig Dr Pepper said Monday it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion (15.7 billion euro). When the…
Business
Asia’s US$306 billion of global bond sales are about to go higher
More Asian borrowers are considering bond offerings, extending a stretch of sales that has already jumped to the most since 2021 at US$306…
Business
OCBC establishes US$1 billion digital US commercial paper programme based on blockchain
OCBC Bank announced on Monday (Aug 25) the introduction of a US$1 billion digital US commercial paper (USCP) programme using the…
Culture
Summer Box Office Won’t Reach $4 Billion Milestone After All
Heading into the summer, Hollywood was bullish that several promising blockbusters would be able to propel ticket sales above $4 billion…
Business
Foot Locker Shareholders Approve $2.4 Billion Acquisition by Dick’s Sporting Goods
Shareholders for , Inc. voted to approve its previously announced acquisition by Dick’s Sporting Goods, Inc. at the company’s special…
Business
Lowe’s is acquiring Foundation Building Materials in a deal worth nearly $8.8 billion
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation and other products, for approximately $8.8 billion as…
News
Trump weighs using US$2 billion in Chips Act funding for critical minerals, sources say
THE Trump administration is considering a plan to reallocate at least US$2 billion from the Chips Act to fund critical minerals projects…