Business
ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources
THE largest bloc of petrol stations in Singapore may soon hit the market. US energy major ExxonMobil – which is believed to have 59 petrol…
Tag
Billion
Business
HKBN shares jump after China Mobile makes HK$6.86 billion offer
HKBN shares jumped after China Mobile made a takeover bid that values the Hong Kong broadband provider at about HK$6.86 billion (S$1.2…
Business
Indonesia expects US$1 billion investment commitment from Apple in a week
Indonesia is expecting to get a US$1 billion investment commitment from tech firm Apple in a week, its investment minister said on Tuesday…
Business
Standard Chartered targets US$200 billion in new wealth assets over next five years
STANDARD Chartered will target US$200 billion in new assets and double digit growth in income from its wealth business over the next five…
Business
ExxonMobil is said to weigh sale of US$1 billion Singapore gas stations
OIL major ExxonMobil is considering a sale of its gas stations in Singapore, which could raise about US$1 billion, according to sources…
Business
US proposes US$7.5 billion loan to Stellantis, Samsung SDI battery joint venture
THE US Energy Department said on Monday (Dec 2) it is planning to loan up to US$7.5 billion to a joint venture of Chrysler parent…
Business
SpaceX discusses tender offer at roughly US$350 billion valuation
SPACEX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around US$350…
Business
Castle Water to offer £4 billion equity to rescue Thames Water
Castle Water will offer to inject £4 billion (S$6.82 billion) into Thames Water this week to help save the beleaguered utility from…
Business
Yangzijiang Shipbuilding bags US$2.63 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said…
Business
Yangzijiang Shipbuilding bags US$2.6 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said…
Business
Nomura CEO to seek 28 billion yen in extra cost reductions
NOMURA Holdings will seek 28 billion yen (S$250 million) in additional cost reductions, as chief executive officer Kentaro Okuda persists…
Business
SingPost to divest Australia business at A$1 billion enterprise value
SINGAPORE Post (SingPost) has entered into a share purchase agreement to divest its Australian business at an enterprise value of A$1…
Business
SingPost to divest Australia business at A$1 billion enterprise value to private equity fund
The group may consider a special dividend after repaying debt and considering future funding needs SINGAPORE Post (SingPost) has entered…
Business
Hot stock: Nam Cheong jumps 19.2% after RM1.2 billion in contract wins
SHARES of mainboard-listed Nam Cheong surged on Friday (Nov 29) morning, after the group announced that it had bagged offshore support…
Business
Bain-backed Chindata in talks for record US$2.8 billion loan
Proceeds of the five-year facility would be used to refinance some of the firm’s existing loans and fund its expansion plans in Malaysia…
Business
Bain-backed Chindata seeks a US$2.8 billion loan for refinancing and expansion in Malaysia
Chindata’s planned loan highlights data centres’ financing needs for AI service demand in the region Bain Capital-owned data centre…
Business
Amazon injects S$2 billion into its Singapore businesses in 2023
AMAZON on Thursday (Nov 28) announced that it injected more than S$2 billion into its retail and cloud businesses in Singapore in 2023.…
Business
Amazon says it injected S$2 billion into its Singapore businesses in 2023
AMAZON on Thursday (Nov 28) announced that it injected more than S$2 billion into its retail and cloud businesses in Singapore in 2023.…
Business
British insurer Direct Line rejects Aviva’s US$4.16 billion takeover bid
BRITISH insurer Direct Line Insurance on Wednesday (Nov 27) rejected a takeover offer of £3.3 billion (S$5.6 billion) from bigger rival…
Business
British insurer Direct Line rejects Aviva’s £3.3 billion takeover bid
BRITISH insurer Direct Line Insurance on Wednesday (Nov 27) rejected a takeover offer of £3.3 billion (S$5.6 billion) from bigger rival…
Business
OpenAI allows employees to sell US$1.5 billion stock to SoftBank: sources
CHATGPT-owner OpenAI is allowing its employees to sell roughly US$1.5 billion worth of shares in a new tender offer to Japan’s SoftBank…
Business
Thai Airways plans 44 billion baht share sales to exit debt plan
THAI Airways International expects to raise as much as 44 billion baht (S$1.7 billion) from a share rights offering, the carrier’s final…
Business
Chinese Courier SF Holding to start trading after HK$5.83 billion Hong Kong IPO
CHINA’S SF Holding’s shares are set to debut in Hong Kong on Wednesday (Nov 27), in what is expected to be the city’s final test for major…
Business
Roche to acquire cell therapy maker Poseida Therapeutics in US$1.5 billion deal
SWITZERLAND’S Roche will acquire its US collaboration partner Poseida Therapeutics in a cash deal worth up to US$1.5 billion, banking on…