Business
India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Bank frauds in India jumped threefold last year, with…
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Business
NTT Docomo to buy SBI’s online bank for 420 billion yen in cut-throat market
NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese mobile carrier’s…
Business
Vietnam’s AI ambitions hinge on one US$6.8 billion tech company
Four decades ago, Truong Gia Binh set up a technology company using a single computer in a room loaned by his then-father-in-law, general…
Business
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the…
Business
Meta AI bot used a billion times monthly: Mark Zuckerberg
Meta chief Mark Zuckerberg touted the tech firm’s generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders…
Business
Seatrium posts S$21.3 billion Q1 net orders
Seatrium recorded net order book wins amounting to S$21.3 billion as at end-March, comprising 26 projects with delivery dates till 2031.…
Business
Hong Kong bankers on edge over US$11 billion New World refinancing
Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World…
Business
China’s Honor developing humanoid robots in US$10 billion AI plan
The company is building its own agentic AI services that will be integrated into its software for smartphones and other devices R Device,…
Business
E.l.f. Beauty to acquire Rhode, Hailey Bieber’s skincare brand, in $1 billion deal
E.l.f. Beauty (NYSE: ELF) announced on Wednesday that it has signed a definitive agreement to acquire Rhode, the beauty brand founded by…
Business
Salesforce to buy Informatica for US$8 billion to bolster AI data tools
Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen…
Business
Salesforce to acquire Informatica for $8 billion in latest AI push
Software company Salesforce said Tuesday it’s buying Informatica, which provides businesses with artificial-intelligence-powered data…
Business
Trump Media to raise $2.5 billion to build a bitcoin reserve
About 50 institutional investors will put up $1.5 billion in the private placement for common shares in the company and another $1 billion…
Business
Perennial to invest one billion yuan to open two healthcare institutions in Guangzhou
Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with…
Business
Perennial to invest one billion yuan to open two hospitals in Guangzhou
Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with…
Business
Singapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target
Quadria Capital, a Singapore-based private equity (PE) firm, announced on Tuesday (May 27) the final close of its third healthcare fund at…
Business
Trump Media to raise US$3 billion to spend on cryptocurrencies: report
The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims…
News
Trump threatens to redirect $3 billion in Harvard research grants to trade schools
U.S. President Donald Trump said on Monday he is considering taking $3 billion of previously awarded grant money for scientific and…
News
House Republicans tighten Medicaid rules to stop scams, save taxpayers more than $10 billion
Big battles over taxes and Medicaid policy may have dominated the headlines, but tucked inside House Republicans' budget bill are a series…
Business
HKBN CEO says China Mobile’s HK$7.8 billion offer not good enough, open to more bidders
China Mobile’s HK$7.8 billion (S$1.3 billion) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based…
Business
Maybank Q1 net profit rises 4% to RM2.6 billion
Maybank’s net profit for the quarter ended Mar 31, 2025, increased 4 per cent to RM2.6 billion (S$790 million), up from RM 2.5 billion in…
Business
Australia’s WiseTech agrees to buy E2open for US$2.1 billion
The deal, which will be fully funded through a new US$3 billion debt facility underwritten by a syndicate of nine lenders Australian…
Business
MAS to shortlist fund managers for S$5 billion Equity Market Development Programme by Q3
The Monetary Authority of Singapore (MAS) will shortlist fund managers for its S$5 billion Equity Market Development Programme by the…
Business
Oracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT)…
Business
RBI’s record US$31.6 billion payout to bolster government finances
A bonanza from the central bank will help meet the government’s 4.4% fiscal deficit target for the current financial year India’s central…