Business
TikTok bidders to offer ‘significantly’ more than US$20 billion
A GROUP of American investors vying to buy TikTok with support from top YouTuber MrBeast has secured more than US$20 billion for their…
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Billion
Business
World’s richest people lose US$108 billion after DeepSeek selloff
The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a…
Business
World’s richest people lose US$108 billion after DeepSeek sell-off
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led…
Business
Meta to spend up to US$65 billion this year to power AI goals, Zuckerberg says
META Platforms plans to spend between US$60 billion and US$65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said…
Business
LNG firm Venture Global gets US$1.75 billion in year’s biggest IPO
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The…
Business
Hong Kong’s CKI is said to weigh sale of UK’s £4 billion Eversholt Rail
CK INFRASTRUCTURE (CKI) is evaluating options for Eversholt Rail, including a possible sale that may value the British rolling stock…
Business
Cartier appeal helps Richemont reach 100 billion Swiss francs market value
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time,…
Business
Databricks caps US$15 billion fundraise with Meta as new investor
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Business
KKR combines US$157 billion infrastructure, real estate businesses
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities…
Business
Microsoft relaxes data centre grip on OpenAI amid US$500 billion joint venture
MICROSOFT on Tuesday (Jan 21) said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture…
Business
Indonesia fines Google 202 billion rupiah for unfair business practices
INDONESIA’S antitrust agency on Tuesday (Jan 21) ordered Google to pay fines about 202 billion rupiah (S$16.8 million) for unfair business…
Business
GuocoLand bags S$1.2 billion in green loans
One of the two facilities is the group’s largest to date, and will be used to refinance its latest integrated mixed development GuocoLand…
Business
DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
DBS on Friday (Jan 10) announced that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on Feb 27, the…
Business
GSK to buy US cancer biotech IDRx for up to US$1.15 billion
GSK agreed to buy US biotech IDRx for as much as US$1.15 billion to gain new cancer medicines. The UK drugmaker will pay US$1 billion…
Business
Johnson & Johnson is in talks to buy US$10 billion biotech Intra-Cellular
JOHNSON & Johnson (J&J) is in talks to acquire Intra-Cellular Therapies, a biopharmaceutical company focused on treatments for central…
Business
Bain matches CC Capital’s A$2.9 billion offer for Insignia
BAIN Capital sweetened its bid for Insignia Financial as takeover activity heats up for the Australian wealth manager. The Boston-based…
News
US firms pay over $1 billion in taxes to Russia Amid Ongoing Ukraine war
U.S. companies that have continued to do business in Russia have contributed more than $1 billion in tax revenue to Kremlin, Newsweek has…
Business
Japan’s NTT appoints banks for US$1 billion data centre Reit IPO in Singapore: sources
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate…
Business
Blackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager…
Business
Tesla poised for US$1 billion windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
iShares MSCI Asia ex-Japan Climate Action ETF crosses US$1.22 billion in AUM
IN over a year since its launch, the iShares MSCI Asia ex-Japan Climate Action ETF has surpassed US$1.22 billion in assets under…