(Reuters) – Flows into actively managed exchange traded funds (ETFs) outpaced those into their passively managed counterparts last month, data from Morningstar showed, continuing a recent trend that has seen …
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ISTANBUL (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the …
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(Reuters) – Refiner Valero Energy on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date. The buyback would be in addition to the amount remaining …
- Business News
SoftBank-backed Neumora valued at $2.51 billion in lukewarm debut
by Reutersby ReutersBy Jaiveer Shekhawat (Reuters) -Shares of Neumora Therapeutics, which is backed by Amgen and Japan’s SoftBank, fell in their market debut on Friday, giving the company a market capitalization of …
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By Michael S. Derby NEW YORK (Reuters) – Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they’re likely to go a lot …
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FRANKFURT (Reuters) – Euro zone banks will repay early another 34.2 billion euros in multi-year loans from the European Central Bank, shedding central bank liquidity as borrowing costs rise, ECB …
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(Reuters) -Abcam Plc founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher’s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables …
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By Abigail Summerville NEW YORK (Reuters) – National Carwash Solutions’ private equity owner is exploring a sale of the U.S. carwash equipment provider that could value it at close to …
- Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
‘I Have A Bridge For You’: GOP Rep Calls Out Witness For Defending Biden’s $6 Billion ‘Ransom’ To Iran
‘I Have A Bridge For You’: GOP Rep Calls Out Witness For Defending Biden’s $6 Billion ‘Ransom’ To Iran Jake Smith on September 13, 2023 Republican Arizona Rep. Andy Biggs …
- Business News
Indonesia’s August trade surplus seen widening to $1.55 billion – Reuters poll
by Reutersby ReutersJAKARTA (Reuters) – Indonesia’s trade surplus in August likely widened slightly from a month earlier amid falling imports, even as exports were expected to remain weak, a Reuters poll showed …
- Business News
Billionaire Ron Baron owns over $1 billion stake in Musk’s SpaceX – CNBC
by Reutersby Reuters(Reuters) – Billionaire investor and fund manager Ron Baron said on Wednesday he owned more than $1 billion worth of shares in Elon Musk’s rocket company SpaceX, in an interview …
- Business News
BP commits to Germany with $11 billion low-carbon investment push
by Reutersby ReutersBy Christoph Steitz and Ron Bousso FRANKFURT/LONDON (Reuters) – BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and EV charging in Germany by …
- Business News
US looks to offload $13 billion of mortgage bonds seized from SVB, Signature – Bloomberg News
by Reutersby Reuters(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, …
- Business News
Citgo valued at $32 billion-$40 billion ahead of auction of shares -court hearing
by Reutersby ReutersBy Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a …
- Business News
Exclusive-Arm to fetch at least $54.5 billion valuation in IPO -source
by Reutersby ReutersBy Echo Wang NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the top end of the price …
- Business News
Exclusive-Greece to raise up to 7 billion euros from bond markets in 2024
by Reutersby ReutersBy Lefteris Papadimas ATHENS (Reuters) – Greece plans to raise up to 7 billion euros ($7.5 billion) from debt markets in 2024 through new short- and long-term bond issues and …
- Business News
Smurfit Kappa strikes $11 billion WestRock deal to create packaging leader
by Reutersby ReutersBy Padraic Halpin and Yadarisa Shabong DUBLIN (Reuters) -Ireland’s Smurfit Kappa is buying U.S. rival WestRock for an agreed $11 billion to create the world’s biggest paper and packaging company …
- Business News
Foreign direct investment in Germany dives to 3.5 billion euros in H1
by Reutersby ReutersBERLIN (Reuters) – Foreign direct investment (FDI) in Germany slumped to 3.5 billion euros ($3.75 billion) in the first half of this year from 34.1 billion in the same period …
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DUBLIN (Reuters) – Global leasing giant SMBC Aviation Capital said on Tuesday it had concluded an order for 25 Boeing 737 MAX aircraft in a deal worth more than $3.7 …
- Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
CCP-Linked Company Is Poised To Receive Over $1 Billion In Taxpayer Money And Benefits
CCP-Linked Company Is Poised To Receive Over $1 Billion In Taxpayer Money And Benefits Jason Cohen on September 11, 2023 Gotion Inc., a company tied to the Chinese Communist Party …
- Business News
Tesla, suppliers to invest $15 billion in Mexico factory – local governor
by Reutersby ReutersMEXICO CITY (Reuters) – A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two years in a factory that …
- Business News
Australian pension fund to invest $1.6 billion in data centre firm
by Reutersby ReutersSYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for A$2.5 billion ($1.6 billion), its …
- Business News
Marketing firm Klaviyo eyes up to $8.4 billion valuation in US IPO
by Reutersby ReutersBy Sri Hari N S and Manya Saini (Reuters) -Klaviyo is seeking a fully-diluted valuation of up to $8.4 billion in its initial public offering (IPO) in the United States, …
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(Reuters) -Financial advisor Cetera Financial Group will take wealth management solutions provider Avantax private after agreeing to acquire all of its issued and outstanding equity in an all-cash deal, valuing …
- Business News
Pakistan’s remittances recorded at $2 billion for August – central bank
by Reutersby Reuters(Reuters) – Pakistan’s foreign worker remittances were recorded at $2.09 billion for the month of August, the country’s central bank said in a statement on Monday, up slightly from $2.02 …