Business
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
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Business
Business
Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year Amazon plans to invest more than US$35 billion in India…
Business
Amazon to invest over US$35 billion in India on AI, exports
Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI)…
Business
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growth E-COMMERCE giant Amazon…
Business
Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating…
Business
Olam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes Agribusiness conglomerate Olam Group said on…
Business
Asian stocks in retreat as traders eye Fed decision, tech earnings
ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated…
Business
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market,…
Business
IndiGo crisis shows perils of India’s corporate dominance
The domination of the country’s two airlines is a far cry from a decade ago, when more than nine players shared the market Flight chaos…
Business
Temasek-owned SeaTown raises about US$900 million in second close of third private credit fund
This comes four months after its first close of over US$612 million back in August SeaTown, owned by Temasek’s asset management group…
Business
World’s largest airline caterer Gategroup, co-owned by Temasek, said to ready for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next…
Business
World’s largest airline caterer Gategroup, co-owned by Temasek, said to be prepping for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next…
Business
A guide to the Nvidia chips at the centre of US-China AI rivalry
As China races to catch up with the US in artificial intelligence (AI) technology, the state of relations between the countries can be…
Business
New Zealand central bank says policy path not preset, guided by inflation outlook
New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made…
Business
Stocks to watch: Golden Agri, YZJ Maritime, Centurion Accommodation Reit, Acrophyte Hospitality Trust, UltraGreen.ai
The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 10): Golden-Agri Resources, YZJ…
Business
Stocks to watch: Golden Agri, YZJ Maritime, Centurion Accommodation Reit, UltraGreen.ai, AHT, LMIRT
The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 10): Golden-Agri Resources, YZJ…
Business
AI memory chipmaker SK Hynix weighs New York stock listing
SK Hynix is exploring the possibility of listing shares in New York, a move seen potentially helping close the valuation gap between the…
Business
Tencent goes hands-on to reshape US$10 billion global games empire
This year, Tencent Holdings’ gaming business scored record sales, defying an industry slowdown with international hits such as zombie…
Business
Fed chair front-runner Hassett says ‘plenty of room’ to cut rates
White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday…
Business
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more…
Business
Wells Fargo expects more job cuts, will roll out AI gradually in 2026
Wells Fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, CEO Charlie Scharf said…
Business
Should CapitaLand Ascendas Reit rejig its portfolio further in favour of data centres and life sciences assets?
With the Reit in a prime position to capitalise on its advantage in such assets, this is the right time to seize the opportunities…
Business
World watches first teen social media ban kick off in Australia
Australia’s social media ban for youths took effect on Wednesday (Dec 10), a landmark move that’s drawn global attention at a time…
Business
SpaceX to pursue 2026 IPO raising far above US$30 billion
SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion,…