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Heineken narrows guidance after nearly US billion China charge
Heineken narrows guidance after nearly US$1 billion China charge
July 29, 2024
Heineken said it took a one-time impairment of US$949 million for the decline in valuation of its stake in China’s largest brewer. The Dutch beer giant said the write-down for...
China’s Baosteel to boost investment in steel plate in Saudi to US billion
China’s Baosteel to boost investment in steel plate in Saudi to US$1 billion
July 25, 2024
CHINA’S biggest listed steelmaker, Baoshan Iron and Steel Co (Baosteel), said on Thursday (Jul 25) that it will more than double its investment in a steel plate joint venture...
US trillion rout hits Nasdaq 100 over AI jitters in worst day since 2022
US$1 trillion rout hits Nasdaq 100 over AI jitters in worst day since 2022
July 25, 2024
INVESTORS soured on the promise of artificial intelligence (AI) on Wednesday (Jul 24), sparking a US$1 trillion rout in the Nasdaq 100 Index as questions swirled over just how...
Ether ETFs trade over US billion in strong crypto-fund debut
Ether ETFs trade over US$1 billion in strong crypto-fund debut
July 23, 2024
THE first US exchange-traded funds (ETFs) that invest directly in Ether made strong debuts, with some seeing relatively high trading volumes for their opening sessions.Over US$1 billion shares were...
HSBC gains edge against US billion SVB banker-poaching suit
HSBC gains edge against US$1 billion SVB banker-poaching suit
July 10, 2024
A FEDERAL judge expressed doubt about the merits of a US$1 billion lawsuit by First Citizens Bank & Trust accusing HSBC Holdings of stealing trade secrets when it recruited...
Oil settles US up, war risk premium outweighs ample US stocks
Oil settles US$1 up, war risk premium outweighs ample US stocks
June 27, 2024
OIL futures settled higher on Thursday (Jun 27) on worries about global crude supply disruptions as geopolitical pressure in the Middle East and Europe mounted, while a surprise increase...
UPS announces sale of Coyote Logistics unit to RXO for US billion
UPS announces sale of Coyote Logistics unit to RXO for US$1 billion
June 23, 2024
UNITED Parcel Service (UPS), the world’s biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for US$1 billion, the companies said on Sunday (Jun 23).The...
Singapore startup Carro first to tap US billion HSBC Asean Growth Fund 
Singapore startup Carro first to tap US$1 billion HSBC Asean Growth Fund 
June 20, 2024
The S$75 million multi-currency loan diversifies Carro’s funding channel, particularly in Malaysia SINGAPORE startup Carro announced on Thursday (Jun 20) that it signed a S$75 million multi-currency loan with...
Singapore startup Carro first to tap US billion HSBC Asean Growth Fund 
Singapore startup Carro first to tap US$1 billion HSBC Asean Growth Fund 
June 20, 2024
The S$75 million multi-currency loan diversifies Carro’s funding channel, particularly in Malaysia SINGAPORE startup Carro announced on Thursday (Jun 20) that it signed a S$75 million multi-currency loan with...
TSMC nears US trillion valuation as target upgrades boost rally
TSMC nears US$1 trillion valuation as target upgrades boost rally
June 19, 2024
THE bullish chorus on Taiwan Semiconductor Manufacturing Co (TSMC) is growing even louder as a stock rally puts its market capitalisation one step closer to the US$1 trillion milestone. TSMC...