financetom
Business
financetom
/
Business
/
KKR, GIP and Indo-Pacific group form $25 billion regional infrastructure tie-up, US says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
KKR, GIP and Indo-Pacific group form $25 billion regional infrastructure tie-up, US says
Jun 5, 2024 7:54 PM

SINGAPORE (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Thursday that private equity firms KKR and Global Infrastructure Partners (GIP) and the newly formed Indo-Pacific Partnership for Prosperity were forming a coalition to invest $25 billion in infrastructure in the region.

Raimondo, speaking in Singapore, said investments would include green data centres in Indonesia, renewable energy in the Philippines and smart metres and hybrid renewables in India.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Marvell, Ferric Collaborate on Power Solutions for AI, Cloud Infrastructure
Marvell, Ferric Collaborate on Power Solutions for AI, Cloud Infrastructure
Jun 25, 2025
02:21 PM EDT, 06/25/2025 (MT Newswires) -- Marvell Technology ( MRVL ) is collaborating with Ferric to develop integrated power solutions for its custom silicon platforms used in AI and cloud infrastructure, Ferric said Wednesday. Ferric said its Integrated Voltage Regulators, which are significantly smaller than conventional power converters, help reduce energy loss and boost current density, improving performance and...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
National Bank on Impact of Canada's Higher Defence Spending on Its Coverage Companies
National Bank on Impact of Canada's Higher Defence Spending on Its Coverage Companies
Jun 25, 2025
02:23 PM EDT, 06/25/2025 (MT Newswires) -- Canada officially agreed to the new NATO defence spending target of 3.5% of GDP plus 1.5% on defence-related infrastructure (which could potentially include investments in things like critical mineral development) by 2035. With the new 3.5% target now in place, it is clear the Canada's defence spending will remain on an upward trajectory...
Concrete and cement additives price-fixing lawsuit dismissed by US judge
Concrete and cement additives price-fixing lawsuit dismissed by US judge
Jun 25, 2025
NEW YORK, June 25 (Reuters) - A U.S. judge in Manhattan on Wednesday dismissed a nationwide antitrust lawsuit accusing six companies that sell the vast majority of concrete and cement additives in the United States and Europe of conspiring to drive up prices. U.S. District Judge Lewis Liman said the extreme and persistent price hikes alleged by purchasers were episodic,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved