News
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...
Apac airlines to increase net profit by 6.5% to US$6.6 billion in 2026: Iata
[SINGAPORE] Asia-Pacific airlines are projected to record US$6.6 billion of net profit in 2026, up from S$6.2 billion in 2025, the International Air Transport Association (Iata) said in a...
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...
Singapore stocks gain more ground on Tuesday as regional indices end mixed
Across the broader market, gainers trail losers 262 to 265, after 1.1 billion securities worth S$1.1 billion change hands[SINGAPORE] Stocks in Singapore ended higher on Tuesday (Dec 9), amid...
How the battle over Warner Bros turned into a blockbuster
Netflix seeks studios and streaming only, while Paramount bids for the entire group[LOS ANGELES] Who ends up with the assets of Warner Bros Discovery, the owner of one of...
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...
US Justice Department accuses two Chinese men of trying to smuggle Nvidia chips
Prosecutors estimate that the scheme had been in operation since at least November 2023, according to court documents[WASHINGTON] Two Chinese men are in custody for allegedly smuggling Nvidia H100...
Vietnam’s Vingroup to develop US$3 billion ecosystem in Telangana, strengthens India push
VinFast, despite its ongoing global expansion, continues to report widening losses[HANOI] Vietnam’s largest conglomerate Vingroup on Tuesday (Dec 9) signed a memorandum of understanding with Telangana’s state government for...
Chinese clean-energy foreign investment surging, says think tank
CHINESE foreign investment in green power jumped to US$80 billion in the past year as Beijing leveraged its dominance in energy transition technologies, according to Climate Energy Finance (CEF).The...
Hong Kong asks investment banks to ensure IPO applications maintain standards
More than 300 companies have filed to list in the city, most of them from mainland China[HONG KONG] Investment banks preparing Hong Kong initial public offering (IPO) applications have...
