Business
1MDB sues Amicorp for over US$1 billion for allegedly facilitating US$7 billion fraud
The lawsuit seeks damages of more than US$1 billion from the financial services provider SCANDAL-HIT Malaysian state fund 1MDB and its…
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Billion
Business
Nippon Life’s US$12 billion acquisition spree is just beginning
NIPPON Life Insurance has done more than US$12 billion of deals this month alone. Japan’s biggest insurer is not finished yet. Having…
Business
News Corp sells Foxtel unit to DAZN in A$3.4 billion deal
NEWS Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion (S$2.9 billion)…
Business
Apple’s US$1 billion investment may be fleeting win for Indonesia
INDONESIA claimed victory after Apple offered to increase its investment in the country to US$1 billion to get President Prabowo…
Business
'El Gordo' lottery in Spain spreads Christmas riches worth $2.8 billion
MADRID (AP) — For weeks, Spaniards had anticipated the arrival of “El Gordo” or "The Fat One." But unlike Santa Claus, El Gordo arrived…
Business
Spain's 'El Gordo' lottery begins $2.8 billion draw
Spain's world-famous "El Gordo" Christmas lottery organizers began broadcasting the draw from the Teatro Real opera house in Madrid on…
Business
Tether sees US$10 billion in net profits for 2024
The world’s biggest stablecoin issuer, Tether, is on track to close the year with more than US$10 billion in net profits, chief executive…
Business
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
OUE Real Estate Investment Trust (Reit) is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and…
Business
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
Business
Losses from crypto hacks jump to US$2.2 billion in 2024: report
FUNDS stolen by hacking cryptocurrency platforms surged 21 per cent from a year ago to US$2.2 billion in 2024, a report from blockchain…
Business
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Business
Saudi Global Ports, co-owned by PSA, taps banks for up to US$1 billion IPO: sources
STATE-backed Saudi Global Ports has picked banks including Goldman Sachs Group and HSBC Holdings to help arrange a planned Riyadh initial…
Business
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion,…
Business
Merck snags Chinese obesity drug in nearly US$2 billion deal
MERCK snagged a potential drug in the burgeoning market for obesity medications in a deal worth as much as US$2 billion. Under the terms…
Business
Alibaba to sell department store chain Intime for 7.4 billion yuan
ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm Youngor Fashion…
Business
Wee Hur exits student accommodation business for A$1.6 billion
PROPERTY company Wee Hur has confirmed earlier news reports that it would be selling its Australian-focused purpose-built student…
News
US finalises US$9.63 billion loan for Ford, SK On joint battery venture
THE US Energy Department on Monday (Dec 16) said it has finalised a US$9.63 billion loan to a joint venture of Ford Motor and South Korean…
Business
UK approves Daniel Kretinsky’s £5.3 billion bid for Royal Mail parent, FT reports
THE British government has approved Czech billionaire Daniel Kretinsky’s £5.3 billion (S$9 billion) takeover of Royal Mail owner…
Culture
Liberty Media's $4.4 Billion MotoGP Deal Hits a European Roadblock
Liberty Media's ambitious plan to acquire an 86% stake in Dorna Sports, the rights holder of MotoGP, has been met with resistance from…
Business
Schroders seeks buyers for Indonesia unit with US$4 billion in assets: sources
SCHRODERS is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the UK-headquartered…
Business
Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion
A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with…
Business
Temasek firm’s deal values Malaysia 5G winner at RM7.5 billion: sources
A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with…
Business
Blackstone to buy Tokyo complex from Seibu for 400 billion yen
BLACKSTONE Inc is buying a mixed-use complex in Tokyo from Seibu Holdings in the largest real-estate acquisition by a foreign fund in…
Business
ESR inks largest syndicated sustainability-linked loan for US$2.5 billion
HONG Kong-listed real asset manager ESR Group has secured a five-year syndicated sustainability-linked term loan and revolving credit…