News
SpaceX to pursue 2026 IPO raising far above US$30 billion
[SAN FRANCISCO] SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion, sources familiar with the matter...
Microsoft makes US$17.5 billion pledge for AI cloud in India
The country of 1.45 billion people is increasingly drawing the attention of AI power brokers as a market and a source of talent and data[BENGALURU] Microsoft pledged to invest...
LMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital[SINGAPORE] Lippo Malls Indonesia Retail Trust (LMIRT) launched a non-underwritten...
Microsoft unveils US$23 billion in new AI investments with big focus on India
[BENGALURU] Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of...
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences [BASEL] Novartis will pay UK biotech Relation Therapeutics as much as US$1.7 billion...
BOJ’s Ueda says Japan is getting closer to sustainable inflation
Markets bet the central bank will lift rates to 0.75%, the highest since 1995, on Dec 19[TOKYO] Bank of Japan (BOJ) governor Kazuo Ueda said the central bank is...
EU launches antitrust probe into Google’s use of online content for AI purposes
It wants to know whether Google is distorting competition by imposing unfair terms and conditions on publishers and content creators[BRUSSELS] The European Commission has opened an antitrust probe to...
Warner Bros fight heats up with US$108 billion hostile bid from Paramount
Acceptance of the bid would trigger a US$2.8 billion breakup fee payable to Netflix[LOS ANGELES] Paramount Skydance on Monday (Dec 9) launched a hostile bid worth US$108.4 billion for...
South Korea police raid e-commerce giant Coupang over data leak
Personal information of 33.7 million customers had been leaked – almost two-thirds of the population[SEOUL] South Korean police raided the Seoul headquarters of e-commerce giant Coupang on Tuesday (Dec...
BHP strikes US$2 billion funding deal with GIP for iron ore power network
The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake[MELBOURNE] BHP Group said on Tuesday (Dec 8) that...
