Business
Temasek-backed Indian meat seller seeks US$2 billion IPO valuation
LICIOUS, a Temasek Holdings-backed online seller of meat and seafood in India, is seeking to become profitable as it prepares to list in…
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Billion
Culture
China Box Office: ‘Ne Zha 2’ Surpasses $1.6 Billion, Sets New Imax Records
China’s box office remained strong post-Lunar New Year, with “Ne Zha 2” continuing its historic run. The Enlight release earned RMB1.98…
Business
Shein faces investor pressure to slash valuation to US$30 billion: sources
FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter,…
Business
Marina Bay Sands gets record S$12 billion loan amid tourism boom
The loan will be used for refinancing and to fund the expansion of the company’s integrated resort MARINA Bay Sands has obtained a S$12…
Business
MBS gets record S$12 billion loan; DBS, OCBC, UOB, Maybank coordinating facility
MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according…
Business
Dell nears US$5 billion AI server deal for Elon Musk’s xAI
DELL Technologies is in advanced stages of securing a deal worth more than US$5 billion to provide Elon Musk’s xAI with servers optimised…
Business
Family offices bet on Nvidia before US$589 billion DeepSeek rout
INVESTMENT firms for the world’s ultra-rich boosted their Nvidia allocations ahead of the DeepSeek-driven sell-off. Family offices for…
Business
Blackstone weighs US$2 billion sale of gas explorer Olympus
BLACKSTONE is exploring a sale of Olympus Energy, a natural gas explorer in the Appalachian region that could be valued at up to US$2…
Business
Nokia to gain unconditional EU nod for US$2.3 billion Infinera deal: sources
NOKIA is set to secure unconditional EU antitrust clearance for its US$2.3 billion acquisition of US optical semiconductors and networking…
Business
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros…
Business
ThaiBev Q1 revenue up 2.4% to 92.3 billion baht
Improvement driven by stronger sales of beer, non-alcoholic beverages and food segments THAI Beverage on Thursday (Feb 13) reported that…
Business
Alibaba becomes China’s new AI darling with US$87 billion rally
THE frenzy over Chinese artificial intelligence is turning Alibaba Group Holding into an investor favourite again, injecting new life into…
Business
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult…
Business
BP pledges reset as annual profit dips below US$9 billion
BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per cent fall in…
Business
China’s CATL to file for at least US$5 billion Hong Kong listing this week: sources
CHINESE battery giant CATL plans to file a Hong Kong listing application this week to raise at least US$5 billion, according to two…
Business
China’s CATL to raise at least US$5 billion in Hong Kong listing: sources
CHINESE battery giant CATL is expected to raise at least US$5 billion in a Hong Kong listing, according to two sources with direct…
Business
SoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an…
Business
Chinese investors drive Hong Kong rally with HK$150 billion inflow
CHINESE investors are helping to drive a bull run in Hong Kong shares, ploughing almost HK$150 billion (S$26 billion) into the financial…
Business
Morgan Stanley sets US$3 billion X loan to tap into Musk mania
MORGAN Stanley kicked off another large sale of X debt on Monday (Feb 10), seizing on investors’ sudden embrace of the social media…
Culture
China Box Office: ‘Ne Zha 2’ Crosses $1.1 Billion as Market Surges Past $2 Billion in 2025
China’s box office continued its strong Lunar New Year momentum, with “Ne Zha 2” dominating the charts for the second consecutive week.…
Business
Brookfield to spend 20 billion euros on France’s AI infrastructure
BROOKFIELD Asset Management plans to invest 20 billion euros (S$28 billion) to develop data centres and artificial intelligence (AI)…
Business
Pimco seeks to grow 60/40 fund to US$2 billion on Asia expansion
Pimco has been expanding its distribution in Asia, as it lures more investors seeking to tap investment strategies of global funds PACIFIC…
Business
DBS posts 11% rise in Q4 profit to S$2.52 billion; full-year earnings hit record S$11.29 billion
DBS posted net profit for the fourth quarter that was 11 per cent higher compared with the year-ago period, but fell slightly short of…
Business
Silk Road Founder May Fight for Seized $6.5 Billion Bitcoin After Trump Pardon
, the founder of Silk Road, could attempt to reclaim $6.5 billion in Bitcoin seized from the platform. Ulbricht, 40, was serving a life…