🇸🇬 Shein valued at US$22 billion to US$25 billion ahead of IPO, Bloomberg Intelligence says
🇸🇬 The estimate is below the roughly US$30 billion valuation some investors have pushed for. Source: singapore-straitstimes Country: Singapore
Asia
Corporate earnings, M&A, IPOs, and business developments across Asian markets.
🇮🇳 Exxon Links New $80 Billion Kazakh Oil Venture to Feud End
🇮🇳 ExxonMobil Holdings Corp. has told Kazakhstan that a potential $80 billion joint investment to expand the Kashagan oil field is contingent on resolving a long-running $150 billion dispute between the government and international companies, according to people familiar with the matter. Source: india-livemint Country: India
🇮🇳 After Warren Buffett exit, Greg Abel starts deploying Berkshire Hathaway’s $365.5 billion cash pile
🇮🇳 Berkshire Hathaway reported that it held $365.5 billion in cash and Treasury bills at the end of June, down considerably from $397.4 billion at the end of March Source: india-livemint Country: India
🇸🇬 Apple tests China’s CXMT memory chips for iPhones and MacBooks, WSJ reports
🇸🇬 It is holding early talks with the chipmaker, sources say Source: singapore-businesstimes Country: Singapore
🇸🇬 MetaOptics defers US dual listing on geopolitical uncertainty, market volatility
🇸🇬 The semiconductor optics firm may revisit an international dual listing when market conditions are supportive Source: singapore-businesstimes Country: Singapore
🇸🇬 South-east Asia views AI as less of a threat and more as a way to boost capabilities: Microsoft
🇸🇬 More AI users in region say they can produce work that they could not a year ago, compared with global peers Source: singapore-businesstimes Country: Singapore
🇸🇬 Berkshire accelerates buybacks, lowers cash stake as profit tops forecasts
🇸🇬 Quarterly operating profit rose 16% to US$12.98 billion, net income more than doubled to US$25.67 billion Source: singapore-businesstimes Country: Singapore
🇮🇳 India warned Diageo that its whisky’s ‘matured in American oak casks’ claim was misleading
🇮🇳 India’s FSSAI warned liquor giant Diageo that it misleadingly claimed one of its top-selling whiskies was “matured in American oak casks”, when most of the product had not been matured. Source: india-livemint Country: India
🇸🇬 Nvidia to invest up to US$3 billion in Stargate data centre developer Lancium: The Information
🇸🇬 The chipmaker will invest an initial US$2 billion for a roughly 20% stake in the company behind the Stargate data centre campus Source: singapore-businesstimes Country: Singapore
🇸🇬 Toyota RAV4 Hybrid review: Why this is more of an engineering masterpiece than an EV
🇸🇬 It’s practical and easy to live with, and it sips fuel. Are you excited yet? Source: singapore-businesstimes Country: Singapore