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UBS announces equity conversion provision for almost US billion in AT1 debt
UBS announces equity conversion provision for almost US$5 billion in AT1 debt
May 13, 2024
UBS on Monday (May 13) said almost US$5 billion worth of Additional Tier one (AT1) bonds, a form of debt, have been made available for equity conversion following a...
ADB agrees to US billion funds replenishment with donors
ADB agrees to US$5 billion funds replenishment with donors
May 3, 2024
The Asian Development Bank (ADB) said on Friday (May 3) it had agreed to a US$5 billion replenishment with donors for the bank’s two funds, Asian Development Fund (ADF)...
TPG will halve China investments in new US billion Asia fund
TPG will halve China investments in new US$5 billion Asia fund
March 25, 2024
TPG will soon close its eighth Asia buyout fund at around US$5 billion, with the new portfolio set to slash its China allocation by more than half from prior...
Expensive flights become new normal on US trillion green transition
Expensive flights become new normal on US$5 trillion green transition
March 22, 2024
THE global airline industry has long warned passengers they will eventually have to pay some of the US$5 trillion cost of decarbonising air travel. The moment has come. Singapore’s...
FedEx plans US billion buyback as CEO’s overhaul takes hold
FedEx plans US$5 billion buyback as CEO’s overhaul takes hold
March 21, 2024
FEDEX plans to buy back US$5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits. Adjusted earnings were US$3.86 a share for the period ending...
Amazon’s AWS to invest over US billion to boost cloud computing in Mexico
Amazon’s AWS to invest over US$5 billion to boost cloud computing in Mexico
February 26, 2024
AMAZON Web Services Mexico (AWS), a unit of Amazon.com, announced on Monday (Feb 26) it will invest over US$5 billion to open a cluster of data centres in Mexico,...