Biden Admin To Pour $3.5 Billion Into Electric Grid Projects That Benefit Pro-Dem Union Nick Pope on October 18, 2023 The Biden administration is spending nearly $3.5 billion to upgrade …
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IMF has reached goal to add $3 billion to trust fund for poorest countries-Georgieva
by Reutersby ReutersMARRAKECH, Morocco (Reuters) – The International Monetary Fund has met its fundraising target to increase concessional trust fund resources for the world’s poorest countries by $3 billion, IMF Managing Director …
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Foreigners pull $13.8 billion from EM portfolios in September -IIF
by Reutersby ReutersBy Rodrigo Campos NEW YORK (Reuters) – Non-residents pulled $13.8 billion from their emerging market portfolios in September as the prospect of higher interest rates in the developed world for …
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Czech lawmakers back government’s $6.5 billion deficit-cutting plan
by Reutersby ReutersPRAGUE (Reuters) – Czech lower house lawmakers approved on Friday the centre-right government’s 151 billion crown ($6.47 billion) package of spending cuts and tax hikes aimed at cutting the budget …
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US signals Iran won’t access its $6 billion in Qatar any time soon
by Reutersby ReutersBy Humeyra Pamuk and Daphne Psaledakis TEL AVIV/WASHINGTON (Reuters) – The United States signaled on Thursday that it would not grant Iran access to $6 billion in Iranian funds parked …
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Sri Lanka bondholders sent $12 billion debt rework proposal to government -sources
by Reutersby ReutersBy Jorgelina do Rosario LONDON (Reuters) – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond …
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(Reuters) -Ericsson shares were volatile on Thursday, defying indications for a sharp fall after the Swedish telecom gear maker overnight announced a $2.9-billion impairment related to its acquisition of cloud …
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Top GOP Senators To Introduce Bill To Immediately Refreeze Biden Admin’s $6 Billion Transfer To Iran
Top GOP Senators To Introduce Bill To Immediately Refreeze Biden Admin’s $6 Billion Transfer To Iran Jake Smith on October 11, 2023 Senate Minority Leader Mitch McConnell and Republican Sen. …
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Toshiba to go private on Dec 20 after successful $13 billion takeover bid
by Reutersby ReutersTOKYO (Reuters) – Toshiba Corp said on Thursday it will hold an extraordinary shareholder’s meeting on Nov. 22 to approve the consolidation of its shares, which will be delisted from …
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Liontown extends due diligence for $4.2 billion Albemarle buyout
by Reutersby ReutersMELBOURNE (Reuters) -Australia’s Liontown Resources on Thursday said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by U.S.-based Albemarle, …
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Ukraine needs $42 billion budget support this year and next -PM Shmyhal
by Reutersby ReutersBy David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) – Ukrainian Prime Minister Denys Shmyhal said on Wednesday the country would need budget support of about $42 billion this year …
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Birkenstock shares fall 11% in market debut to notch $8.32 billion valuation
by Reutersby Reuters(Reuters) – Luxury sandal maker Birkenstock notched a valuation of $8.32 billion in its market debut on Wednesday after shares opened 11% below their offer price. The stock began trading …
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MARRAKECH (Reuters) – The European Investment Bank said on Wednesday it will lend Morocco 1 billion euros ($1.06 billion) over the next three years to support the north African country’s …
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Ukraine receives $1.15 billion grant from US under World Bank program
by Reutersby ReutersKYIV (Reuters) – Ukraine received a $1.15 billion grant from the United States on Wednesday as part of the PEACE in Ukraine program, the Ukrainian finance ministry said. The PEACE …
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Biden administration to announce $7 billion in hydrogen hub grants Friday –sources
by Reutersby ReutersBy Jarrett Renshaw and Valerie Volcovici WASHINGTON (Reuters) -The Biden administration is expected to announce on Friday the winners of $7 billion in federal grants to build out regional hydrogen …
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Truist in talks to sell insurance business for $10 billion – Semafor
by Reutersby Reuters(Reuters) -Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people …
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Door maker PGT rebuffs $1.9 billion offer from Koch-backed Miter-sources
by Reutersby ReutersBy David Carnevali and Anirban Sen NEW YORK (Reuters) – PGT Innovations Inc, a U.S. maker of vinyl and aluminum doors and windows, rebuffed a $1.9 billion acquisition offer from …
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Prosperity Life’s unit to buy insurer National Western in $1.9 billion deal
by Reutersby Reuters(Reuters) -A unit of insurer Prosperity Life Group has agreed to buy National Western Life Group in a deal valued at $1.9 billion, the companies said on Monday, sending shares …
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Irish budget to include 2.4 billion euros of ‘one-off’ supports – source
by Reutersby ReutersBy Padraic Halpin DUBLIN (Reuters) – Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent spending measures and tax cuts in Tuesday’s budget for 2024, …
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Australia’s $131 billion sovereign wealth fund chair will not seek another term
by Reutersby ReutersSYDNEY (Reuters) – The head of Australia’s A$206 billion ($131 billion) sovereign wealth fund had informed the Australian government he will not seek a third term, Treasurer Jim Chalmers said …
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Emerging economies face $220 billion in budget cuts amid debt crisis -Oxfam
by Reutersby ReutersLONDON (Reuters) – Some of the world’s poorest countries face budget cuts topping $220 billion over the coming five years due to a debt crisis that has pushed dozens to …
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Mexican border state: costs of ‘migrant crisis’ reach nearly $1 billion
by Reutersby ReutersMEXICO CITY (Reuters) – The costs of spiking migration for a key Mexican border state due to a sharp downturn in U.S.-bound cargo trucks total nearly $1 billion over about …
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Powerball Jackpot Soars to Third Highest at $1.2 Billion
TRENTON, NJ – The Powerball jackpot has swelled to $1.2 billion, making it the third largest in the game’s history and the first instance of consecutive billion-dollar prize pools. The …
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By Shariq Khan, David French and Ron Bousso (Reuters) – BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the …
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PNC Bank buys $16.6 billion capital commitment portfolio from Signature Bridge Bank
by Reutersby Reuters(Reuters) – PNC Financial Services’ banking unit said on Tuesday that it had bought a portfolio from Signature Bridge Bank representing $16.6 billion in total commitments, including $9 billion of …