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Chinese robotaxi firm WeRide eyes up to US billion valuation in US IPO
Chinese robotaxi firm WeRide eyes up to US$5 billion valuation in US IPO
August 10, 2024
CHINA-BASED autonomous driving startup WeRide said on Friday (Aug 9) it was seeking a valuation of as much as US$5 billion in its initial public offering (IPO) in the...
Disney to spend US billion in Europe, UK on new blockbusters: FT
Disney to spend US$5 billion in Europe, UK on new blockbusters: FT
August 9, 2024
DISNEY plans to spend at least US$5 billion in the UK and continental Europe over the next five years to produce blockbuster movies and TV shows, Jan Koeppen, its...
Singtel’s Philippine JV valuation doubles to US billion on Ayala and MUFG investments
Singtel’s Philippine JV valuation doubles to US$5 billion on Ayala and MUFG investments
August 2, 2024
Philippine conglomerate to raise stake in Mynt to 13%; Japan’s financial giant will acquire 8% stake GLOBE Fintech Innovations, otherwise known as Mynt, has secured new investments that have...
Broadcom sells US billion of bonds to refinance VMware loan
Broadcom sells US$5 billion of bonds to refinance VMware loan
July 8, 2024
BROADCOM borrowed US$5 billion in the US investment-grade bond market on Monday (Jul 8), to refinance a portion of the loans it secured to pay for its US$69 billion...
Jeff Bezos to sell Amazon shares worth about US billion after stock hits record high
Jeff Bezos to sell Amazon shares worth about US$5 billion after stock hits record high
July 3, 2024
AMAZON founder and executive chair Jeff Bezos is planning to sell almost US$5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit...
Jeff Bezos to sell Amazon shares worth about US billion after stock hits record high
Jeff Bezos to sell US$5 billion of Amazon shares after stock hits record high
July 3, 2024
AMAZON founder and executive chair Jeff Bezos is planning to sell almost US$5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit...
Volkswagen invests US billion in EV startup Rivian to form joint venture
Volkswagen invests US$5 billion in EV startup Rivian to form joint venture
June 25, 2024
VOLKSWAGEN (VW) will invest US$5 billion to form a joint venture with electric vehicle (EV) maker Rivian Automotive, throwing a lifeline to the struggling startup and giving the German...
Amazon mulls US to US monthly price tag for unprofitable Alexa service, AI revamp
Amazon mulls US$5 to US$10 monthly price tag for unprofitable Alexa service, AI revamp
June 21, 2024
AMAZON is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service and has considered a monthly fee...
India’s stock value tops US trillion as Modi’s win powers rally
India’s stock value tops US$5 trillion as Modi’s win powers rally
June 17, 2024
INDIA’S stock market value is exceeding US$5 trillion for the first time, with the latest boost coming from a commitment by Prime Minister Narendra Modi’s new coalition for policy...
NYCB to sell nearly US billion of mortgage warehouse loans to JPMorgan
NYCB to sell nearly US$5 billion of mortgage warehouse loans to JPMorgan
May 15, 2024
EMBATTLED regional lender New York Community Bancorp (NYCB) said on Tuesday (May 14) it has agreed to sell about US$5 billion in mortgage warehouse loans to JPMorgan Chase.The deal...