Business
Hong Kong’s US$38 billion year for M&A sparks rare bidding wars
THIS year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from…
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Business
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
Alaska Airlines sees US$1 billion jump in profit after merger with Hawaiian Airlines
ALASKA Airlines on Tuesday unveiled a plan to generate US$1 billion in additional profits by 2027 by leveraging its acquisition of…
Business
SpaceX share sale values company at about US$350 billion
SPACEX and its investors have agreed to purchase as much as US$1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket…
Business
US court blocks Kroger’s US$25 billion supermarket mega-merger
A US judge suspended supermarket giant Kroger’s planned US$24.6 billion acquisition of rival chain Albertsons on Tuesday in a win for the…
Business
Nippon Life in talks to buy Resolution Life in deal worth US$8.2 billion
NIPPON Life Insurance is in the final stages of buyout talks with US life insurer Resolution Life Group Holdings, Resolution said on…
Business
US finalises more than US$6.1 billion chips subsidy for Micron Technology
THE US Department of Commerce has finalised a subsidy of more than US$6.1 billion for memory chip maker Micron Technology to support the…
Business
Stellantis, China’s CATL to invest 4.1 billion euros in EV battery factory in Spain
STELLANTIS and Chinese battery maker CATL will invest 4.1 billion euros (S$5.8 billion) in a factory making electric vehicle batteries in…
Business
Reliance Industries seeks up to US$3 billion loan for refinancing
BILLIONAIRE Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of as much as US$3 billion to refinance debt due…
Business
Apollo targets US$25 billion for flagship private equity fund
APOLLO Global Management is readying what could mark its largest ever private equity fund. Apollo is looking to gather US$25 billion of…
Business
GIC Picks JPMorgan to advise on US$5 billion Greenko stake sale
GIC is working with JPMorgan Chase to help advise on a strategic review of options including a sale of its 50 per cent stake in India’s…
Business
India's Adani Group to invest over US$88 billion in Rajasthan state
Indian conglomerate Adani Group will invest over US$88.53 billion in various sectors such as renewable energy and cement in the…
Business
US Bitcoin ETF inflows near US$10 billion since Trump election win
ALMOST US$10 billion has poured into US exchange-traded funds (ETFs) investing directly in Bitcoin since Donald Trump became…
Business
Temasek unveils S$10 billion private credit entity
SINGAPORE’S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an…
Business
Temasek initiates wholly owned private credit platform of about S$10 billion
It will be led by Nicolas Debetencourt, head of credit and hybrid solutions at Temasek SINGAPORE investment company Temasek announced on…
Business
World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest…
Business
Aviva is said to boost Direct Line takeover bid to £3.4 billion
AVIVA has increased its offer for Direct Line Insurance Group to about £3.4 billion (S$5.8 billion), days after its initial proposal to…
Business
US CFTC relief reaches record US$17.1 billion with crypto crackdown
The US Commodity Futures Trading Commission’s (CFTC ) fines and investor relief hit a record US$17.1 billion, largely due to the agency’s…
Business
Consortium proposes HK$55.2 billion privatisation of Hong Kong-listed ESR
A CONSORTIUM of investors led by Starwood Capital Group, Sixth Street Partners and SSW Partners has made an offer to take Hong Kong-listed…
Business
GM sees US$5 billion hit to restructure troubled China business
GENERAL Motors will incur more than US$5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries…
Business
NXP, TSMC affiliate plan to expand US$7.8 billion Singapore plant
NXP Semiconductors and a Taiwan Semiconductor Manufacturing Co (TSMC) affiliate are discussing an expansion of their US$7.8 billion…
Business
ESR buyout group said close to making US$7 billion binding bid
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13 (S$2.24)-a-share binding offer for the logistics real estate…
Business
ESR buyout group close to making US$7 billion binding bid: sources
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13-a-share binding offer for the logistics real estate firm,…