Business
Temasek-backed Eastroc Beverage to price HK IPO at top of range; targeting HK$10.14 billion raise
The firm has offered 40.9 million H shares for the listing, putting the offer price at HK$248 apiece — Energy drink maker Eastroc Beverage…
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Billion
Culture
‘Demon Slayer’ Powers Japan’s Box Office to $1.79 Billion in 2025, Up 32% Year-on-Year
“Demon Slayer: Kimetsu no Yaiba – The Movie: Infinity Castle – Part 1:” anchored a banner year for Japan’s theatrical market in 2025,…
Business
Nvidia, Microsoft, Amazon in talks to invest up to US$60 billion in OpenAI, The Information reports
IA, Amazon and Microsoft are in talks to invest up to US$60 billion in OpenAI, The Information reported on Wednesday. Nvidia, an existing…
Business
MBS Q4 earnings surpass S$1 billion to set new record
Marina Bay Sands (MBS) delivered “simply the greatest quarter in the history of casino hotels”, said Las Vegas Sands (LVS) chairman and…
Business
One of China’s richest battery tycoons builds US$50 billion empire
Sungrow has the second-biggest market value among all mainland-listed firms seeking H-share listings CAO Renxian is one of China’s richest…
Business
Sony, Singapore’s GIC to invest US$2 billion in music catalogues
The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs Sony Group and Singapore’s GIC…
Business
Tesla reveals plans for US$2 billion investment in Musk’s xAI
Tesla revealed plans to invest US$2 billion into chief executive officer Elon Musk’s artificial intelligence (AI) company, xAI, while…
Business
Hong Kong’s Exchange Fund posts record gain of HK$331 billion
Hong Kong’s Exchange Fund reported a record investment gain of HK$331 billion (S$53.5 billion) in 2025, helped by rising global markets.…
Business
Singapore-based Digital Edge to build US$4.5 billion data centre campus in Indonesia
Digital Edge, an Asian digital infrastructure firm backed by alternative asset manager Stonepeak Partners, plans to invest US$4.5 billion…
Business
SoftBank in talks to invest up to US$30 billion more in OpenAI, source says
BANK is in discussions to invest up to an additional US$30 billion in OpenAI, a person familiar with the matter told Reuters on Tuesday.…
Business
ST Engineering books record S$18.7 billion in contract wins for FY2025
Singapore Technologies Engineering’s (ST Engineering) total contract awards for 2025 reached a record S$18.7 billion, exceeding the S$12.6…
Business
Micron invests US$24 billion to expand Singapore manufacturing complex; 1,600 jobs to be created
This brings the company’s total investments in Singapore to around US$60 billion Semiconductor giant Micron Technology broke ground on…
Business
After Much Speculation, Anta Sports Scoops Up 29% Puma Stake in $1.8 Billion Deal
Anta Sports Products Limited confirmed early Tuesday in China that it inked an agreement with Groupe Artémis, the investment company of…
Business
China’s Anta Sports muscles in with US$1.8 billion move for 29.1% Puma stake
CHINA’S Anta Sports Products said on Tuesday it had agreed to buy a 29.06 per cent stake in German sportswear maker Puma from the Pinault…
Business
China’s Anta Sports buys 29% Puma stake for US$1.8 billion, rules out full takeover
The deal is expected to help German sportswear group increase its sales in the lucrative Chinese market China’s biggest sportswear brand…
Business
Aramco raises US$4 billion in first bond sale of year
Saudi Arabia’s budget remains heavily dependent on oil revenue as the kingdom pursues an ambitious modernisation drive Saudi Aramco priced…
Business
Nvidia invests US$2 billion more in CoreWeave, offers new chip
The world’s most valuable company has pledged tens of billions of US dollars towards AI companies Nvidia, the dominant maker of artificial…
Business
China’s Eastroc Beverage launches Hong Kong listing, seeking to raise HK$10.14 billion
Chinese energy drink producer Eastroc Beverage is seeking to raise HK$10.14 billion (S$1.65 billion) in a Hong Kong listing, with proceeds…
Business
China national team’s US$68 billion exit alters stock strategies
Trading activity onshore has eased from a frenzied pace of nearly four trillion yuan earlier this month years, investors in China’s stock…
Business
Singapore doubles down on AI with S$1 billion R&D push amid US, China dominance
Authorities will partner industry players such as Changi Airport Group and Sembcorp to build core AI engineering capabilities The…
Business
China deepens probe into Meta’s landmark US$2 billion buyout of Singapore-based Manus
ING is deepening an investigation into Meta Platforms’ US$2 billion acquisition of Chinese-founded artificial intelligence (AI) startup…
Business
Can AI-Powered Security Prevent 34.2 Billion in Banking Fraud?
The numbers tell a scary story. Cybercriminals attack banking systems every 39 seconds, and they're getting smarter every day. Last year…
News
Watch Trump Try to Defend $1 Billion Price Tag on His “Board of Peace”
Earlier this month, the Department of Health and Human Services cut off $10 billion in funding for social services such as childcare and…
Business
Authentic Sees Guess Growing to $10 Billion Brand
Guess is poised to get a lot bigger. On Friday, Authentic Brands Group finalized the deal to acquire a 51 percent stake in a newly formed…