(Reuters) – USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than $1 billion to become the largest stakeholder. Private …
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- Business News
Auto dealer Asbury to expand Mid-Atlantic presence with $1.2 billion Jim Koons buy
by Reutersby Reuters(Reuters) -U.S. auto dealer Asbury Automotive Group said on Friday it would buy privately-owned Jim Koons Automotive for about $1.2 billion to increase its foothold in the Mid-Atlantic region. Demand …
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(Reuters) – Canada’s Rogers Communications said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other borrowings. Rogers is selling its …
- US and World News
Imbue raises $200 million at over $1 billion valuation in AI funding boost
by Reutersby Reuters(Reuters) – AI research lab Imbue has raised $200 million in a Series B funding round, which included participation from Astera Institute and Nvidia, at a valuation of over $1 …
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OSLO (Reuters) -H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, the Swedish steel company said …
- Business News
World Bank to increase exposure to Turkey to $35 billion within three years – Anadolu
by Reutersby ReutersANKARA (Reuters) – The World Bank plans to increase its exposure to Turkey to $35 billion within three years, the bank’s Turkey country director was quoted as saying by Turkish …
- Business News
Temasek leads $140 million Ola Electric funding at $5.4 billion valuation – sources
by Reutersby ReutersBy Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Singapore’s investment firm Temasek led a $140 million funding round in India’s Ola Electric at a valuation of $5.4 billion, …
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LONDON (Reuters) -London Stock Exchange Group (LSEG) investors including Blackstone and Thomson Reuters have raised about 2.75 billion pounds ($3.44 billion) from the sale of shares in the bourse operator, …
- Business News
Ecuador’s suspension of environmental consultations hits $2 billion of investment -business leaders
by Reutersby ReutersBy Alexandra Valencia QUITO (Reuters) – Ecuador’s suspension of a decree enabling environmental consultations prior to the licensing of industrial and mining projects has paralyzed investments worth $2 billion, business …
- Business News
Party City set to exit bankruptcy with $1 billion debt reduction
by Reutersby ReutersBy Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco’s Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all …
- Business News
SLB to add $5 billion in revenue this year, sees similar growth in 2024
by Reutersby ReutersHOUSTON (Reuters) – SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in …
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By Fabian Cambero SANTIAGO (Reuters) -Chile’s Codelco raised $2 billion in a bond offering in New York on Tuesday, as the world’s top copper producer seeks to fund an investment …
- Business News
Australia’s Orora to buy Carlyle’s France-based Saverglass for $1.4 billion
by Reutersby ReutersBy Scott Murdoch and Poonam Behura SYDNEY (Reuters) -Australian packaging company Orora Ltd said on Tuesday it would buy French high-end glass bottle manufacturer Saverglass from private equity firm Carlyle …
- Business News
Pakistan’s interim PM says Saudi Arabia to invest $25 billion over next five years
by Reutersby ReutersBy Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Saudi Arabia will invest up to $25 billion in Pakistan over the next two to five years in various sectors, Pakistan’s caretaker Prime …
- Business News
Private market insured losses from Hurricane Idalia to be $3-5 billion – Moody’s RMS
by Reutersby Reuters(Reuters) – Private market insured losses are expected to be between $3 billion and $5 billion due to Hurricane Idalia which struck the Big Bend region of Florida last week, …
- Business News
Belgium raises record 22 billion euros from savers in ‘clear signal’ for higher bank rates
by Reutersby ReutersBy Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign …
- Business News
Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit – sources
by Reutersby ReutersBy Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK …
- Business News
S.Korea to provide exporters $137 billion of policy financing until yr-end
by Reutersby ReutersSEOUL (Reuters) – South Korea will provide up to 181 trillion won ($137 billion) of cheap loans to exporters until the end of this year and waive visa processing fees …
- Business News
Exclusive-Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation -sources
by Reutersby ReutersBy Echo Wang NEW YORK (Reuters) -Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip …
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BRASILIA (Reuters) – Brazil posted a trade balance of of $9.767 billion in August, government data showed on Friday, above market estimates for a balance of $9.75 billion. The month’s …
- Business News
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit
by Reutersby ReutersPRAGUE (Reuters) – The Czech Finance Ministry has proposed a 2024 central state budget with a 252 billion crown ($11.36 billion) deficit, according to a draft of the legislation sent …
- Business News
Malaysia to allocate $1.8 billion to fund national industrial masterplan
by Reutersby ReutersKUALA LUMPUR (Reuters) – Malaysia’s trade ministry said on Friday the government will allocate 8.2 billion ringgit ($1.77 billion) to fund a national industrial masterplan to be implemented by 2030. …
- Business News
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
by Reutersby ReutersBy Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter of 2023, the finance ministry said on Thursday, despite lower …
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ZURICH (Reuters) – UBS Group on Thursday reported $28.875 billion in net profit attributable to shareholders for the second quarter, in its first earnings results since it took over Credit …
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SAN JOSE (Reuters) – Intel will invest $1.2 billion in Costa Rica over the next two years, the company said in a press release on Wednesday. The announcement comes after …