Business
Straits Trading unit to divest South Korea logistics property for 432 billion won
The Straits Trading Company is divesting a freehold logistics facility in Incheon, South Korea, for 432 billion won (S$377.6 million) as…
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Billion
Business
Hong Kong-listed J&T Global Express aims to raise HK$4.7 billion for tech, overseas expansion
The company says that the bonds will have an initial conversion price of HK$14.55 per class B share Indonesian courier services firm J&T…
Business
Danantara shifts into deployment era with US$12 billion war chest
A global bond sale is also being targeted as the Indonesian sovereign wealth fund scales up deployment Indonesian sovereign wealth fund…
Business
Capital One just made a $5.15 billion move that could change how businesses manage money
Capital One is buying Brex in a $5.15 billion stock-and-cash deal that underscores how traditional banks are turning to fintech startups…
News
Trump sues JPMorgan, CEO Jamie Dimon for US$5 billion over alleged debanking
JPMorgan said it closes accounts that create legal or regulatory risk for the bank PRESIDENT Donald Trump filed a US$5 billion lawsuit…
Business
Anduril to invest another $1 billion in California with new Long Beach campus
Anduril Industries, one of the leading defense companies in Southern California, will expand in Long Beach with a new $1-billion complex…
Business
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million)…
Business
Hong Kong’s Sogo Mall operator seeks HK$8 billion loan refinancing
Lenders have paused earnings checks for Lifestyle International as it seeks to refinance Hong Kong mall operator Lifestyle International…
Business
UOB’s Sydney branch prices A$2 billion in five-year notes
UOB’s Sydney branch has priced a combined A$2 billion (S$1.7 billion) in two tranches of five-year senior unsecured notes, comprising…
Business
Berlin’s Cloover secures over $1.2 Billion
Berlin’s energy transition sector got a defining boost today as Cloover, a climate fintech based in Berlin, announced it has secured more…
Business
Netflix Tops 325 Million Subscribers, Plans to Boost Content Spending 10% to $20 Billion in 2026
Netflix said it had more than 325 million subscribers worldwide as of the end of 2025 — up from 301.2 million a year prior — as it looks…
Business
Odoo tops €7 billion valuation as General Atlantic increases stake
Belgian business software company Odoo, also a unicorn, has reached a fresh milestone. Growth investor General Atlantic has increased its…
Business
MSCI rule shift may spur US$2 billion exit from Indonesian stocks
Global funds may withdraw more than US$2 billion from Indonesian equities in coming months if MSCI proceeds with a change to its indexing…
Business
Zurich Insurance offers US$10 billion to buy UK insurer Beazley
Swiss insurance company Zurich Insurance Group has raised its offer to buy rival speciality insurer Beazley to 1,280 pence (S$22.016) per…
Business
HSBC on course for £300 billion valuation, top executive says
Weeks after its market value rose above £200 billion (S$344.6 billion) for the first time in its history, HSBC Holdings is now on course…
Business
Thailand approves US$2 billion PCB manufacturing investment by joint venture
Thailand’s investment board said on Monday (Jan 19) it had approved an investment worth US$2.08 billion by a joint venture led by Taiwan’s…
Business
China’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year…
News
Sunway’s RM11 billion IJM bid questioned over Bumiputera rights
Sunway is largely controlled by Malaysian tycoon Jeffrey Cheah Fook Ling, who is ethnic Chinese Sunway’s proposed RM11 billion (S$3.5…
Business
Micron to buy Taiwan chip fabrication site for US$1.8 billion
The investment is part of Micron’s global expansion as it seeks to meet continued demand for memory chips Micron Technology has signed a…
Business
Musk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims that the…
Business
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there Japanese…
Business
ASML tops US$500 billion market cap as TSMC plans to spend more
ASML, the world’s biggest maker of equipment used to manufacture computer chips, crossed US$500 billion in market value for the first time…
Business
Crypto scams took $17 billion last year. 2026 could be even worse
2025 was a banner year for cryptocurrencies on many fronts. Global regulation eased. Stablecoins powered $46 trillion in annual…
Culture
Ranveer Singh’s ‘Dhurandhar’ Propels India Box Office to Record $1.48 billion in 2025
India’s theatrical market reached unprecedented heights in 2025, with gross box office collections hitting INR13,395 crore ($1.48…