Business
Hedge fund Arrowpoint seeks US$400 million in new money by March
The performance and fund-raising plans stand out in a market where investors’ appetite for multistrategy, multimanager hedge funds has…
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Business
Richard Li’s FWD plans buyback of US$900 million bond via new debt
The company will use the net proceeds of the five-year and 10-year notes for general corporate purposes, including refinancing the 8.4%…
Business
UltraGreen.ai secures US$188 million investment round led by 65 Equity Partners and Vitruvian Partners
UltraGreen.ai has secured a US$188 million investment round led by 65 Equity Partners and Vitruvian Partners. Other investors in the round…
Business
Jardine C&C buys Indonesian gold mine for US$540 million
Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units Jardine Cycle & Carriage on Monday…
Business
ANZ to pay A$240 million fine on bond errors, retail mistakes
Asic and the bank will ask the Federal Court to impose the penalties in relation to four separate proceedings spanning misconduct across…
Culture
Box Office: ‘Demon Slayer: Infinity Castle’ Debuts to Massive $70 Million, Smashing Opening Weekend Records for Anime
“Demon Slayer: Kimetsu no Yaiba Infinity Castle” ruled over the box office, debuting to a mighty $70 million and setting a record for the…
Culture
Box Office: ‘Demon Slayer: Infinity Castle’ Reigns With $33 Million Opening Day — Already the Biggest Debut Ever for Anime
Anime is back on top of the box office, with “Demon Slayer: Kimetsu no Yaiba Infinity Castle” earning $33 million across Friday and…
Business
Seatrium loses appeal to block US$126.6 million rig contract payment
The group will continue with arbitration to resolve dispute and seek recovery of payment Seatrium on Friday (Sep 12) said its appeal in…
Business
David Lynch’s Hollywood Hills Compound Hits the Market for $15 Million
David Lynch’s Hollywood Hills compound has hit the market. Its asking price? $15 million. Lynch, who died in January, lived on the…
Business
Winklevosses’ crypto exchange Gemini raises US$425 million in IPO
The firm offers a crypto exchange, a US dollar-backed stablecoin, crypto staking, digital asset custody and a credit card that offers…
Business
Low Keng Huat sinks into the red with S$10.2 million net loss in H1
The property developer’s half-year revenue tumbles 85% to S$38.7 million, from S$257.9 million the previous year Property developer Low…
Business
Centurion Accommodation Reit to offer 262 million units at S$0.88 apiece in mainboard listing
Mainboard-listed Centurion Corp is spinning off several of its worker accommodation properties into a Singapore-listed real estate…
Business
TVM Capital Healthcare announces first close of US$150 million South-east Asia Fund
The new fund will focus on healthcare segments where market demand is high but supply is limited TVM Capital Healthcare, a private equity…
Business
US FDA, border agency seize US$86.5 million worth of unauthorised e-cigarettes
US AUTHORITIES have seized 4.7 million unauthorised e-cigarettes valued at US$86.5 million in the largest operation of its kind to date,…
Business
UOL sells Kinex mall for S$375 million
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property…
Business
Del Monte swings into the black in Q1 with US$5.5 million net profit
Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31,…
Business
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Business
Ford recalls nearly 1.5 million vehicles over faulty rear-view camera
Ford is recalling almost 1.5 million vehicles in the United States because the rear view camera may show a blank or distorted image on the…
Business
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider Alibaba Investment,…
Business
BBC, ITV, BT and IMG Hit With $5.7 Million in Fines for Freelancer Pay Rate Collusion
Five of Britain’s biggest sports broadcasting and production companies have been sanctioned by the U.K. Competition and Markets Authority…
Business
Dairy duty: Indonesia presses businesses to find a million cows
A lack of cattle means the world’s fourth-largest country by population relies mostly on milk powder imported from Australia, New Zealand…
News
Appeals court upholds $83.3 million verdict against Trump for defaming E. Jean Carroll
A federal appeals court on Monday upheld a civil jury’s finding that President Donald Trump must pay $83.3 million to E. Jean Carroll for…
Business
Aoxin Q&M’s ex-CEO accused of taking 15 million yuan via improper loans, sham share deals
The audit committee has ‘reasonable evidence’ that four whistleblower reports received by the board are credible The audit committee of…
Business
mm2 Asia Malaysia unit gets RM1.3 million payment demand from Antenna Entertainments
Media company mm2 Asia on Friday (Sep 5) announced that its subsidiary in Malaysia, MM2 Screen Management, received a payment demand of…