Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Singapore-based ride-hailing and food delivery giant Grab could raise at least $2 billion with its intended initial public offering in the US this year, marking the largest overseas share offering by a Southeast Asian company.
According to sources, the size of the issue and period have not been finalized and are subject to market conditions.
Grab, which is present in eight Southeast Asian countries, has grown to become the region’s most valuable startup worth more than $16 billion since its founding in 2012 as a ride-hailing venture in Malaysia.
The company now offers financial services and recently received a digital bank license in Singapore in partnership with Singtel.
Grab's ride-hailing business is breaking even in all its operating markets and expects its food delivery business to likewise break even by the end of the year.
Grab's backers include SoftBank Group Corp and Mitsubishi UFJ Financial Group.
