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Tag:

Billion

  • Business News

    KKR to invest more than $1 billion in USI Insurance to become largest shareholder

    by Reuters September 11, 2023
    by Reuters September 11, 2023

    (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 …

  • Business News

    Auto dealer Asbury to expand Mid-Atlantic presence with $1.2 billion Jim Koons buy

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (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 …

  • Business News

    Canada’s Rogers to sell $2.2 billion in bonds to repay debt

    by Reuters September 7, 2023
    by Reuters September 7, 2023

    (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 Reuters September 7, 2023
    by Reuters September 7, 2023

    (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 …

  • Business News

    Sweden’s H2 Green Steel raises $1.6 billion for Boden plant

    by Reuters September 7, 2023
    by Reuters September 7, 2023

    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 Reuters September 7, 2023
    by Reuters September 7, 2023

    ANKARA (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 Reuters September 7, 2023
    by Reuters September 7, 2023

    By 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, …

  • Business News

    LSEG investors raise $3.4 billion from share sales

    by Reuters September 7, 2023
    by Reuters September 7, 2023

    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 Reuters September 6, 2023
    by Reuters September 6, 2023

    By 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 Reuters September 6, 2023
    by Reuters September 6, 2023

    By 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 Reuters September 6, 2023
    by Reuters September 6, 2023

    HOUSTON (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 …

  • Business News

    Copper giant Codelco raises $2 billion in bond offering

    by Reuters September 5, 2023
    by Reuters September 5, 2023

    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 Reuters September 4, 2023
    by Reuters September 4, 2023

    By 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 Reuters September 4, 2023
    by Reuters September 4, 2023

    By 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 Reuters September 4, 2023
    by Reuters September 4, 2023

    (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 Reuters September 4, 2023
    by Reuters September 4, 2023

    By 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 Reuters September 4, 2023
    by Reuters September 4, 2023

    By 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 Reuters September 3, 2023
    by Reuters September 3, 2023

    SEOUL (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 Reuters September 1, 2023
    by Reuters September 1, 2023

    By 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 …

  • Business News

    Brazil records trade surplus of nearly $9.8 billion in August

    by Reuters September 1, 2023
    by Reuters September 1, 2023

    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 Reuters September 1, 2023
    by Reuters September 1, 2023

    PRAGUE (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 Reuters September 1, 2023
    by Reuters September 1, 2023

    KUALA 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 Reuters August 31, 2023
    by Reuters August 31, 2023

    By 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 …

  • Business News

    UBS reports second-quarter profit of $28.875 billion

    by Reuters August 31, 2023
    by Reuters August 31, 2023

    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 …

  • Business News

    Intel to invest $1.2 billion in Costa Rica over next two years

    by Reuters August 30, 2023
    by Reuters August 30, 2023

    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 …

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