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Tag:

Billion

  • Business News

    Brazil’s Marfrig sells abattoirs to Minerva in $1.5 billion deal

    by Reuters August 28, 2023
    by Reuters August 28, 2023

    By Peter Frontini SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) in a deal that will …

  • Business News

    US judge tosses most of Commerzbank $1 billion mortgage lawsuit against BNY Mellon

    by Reuters August 28, 2023
    by Reuters August 28, 2023

    By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed most of a lawsuit where Germany’s Commerzbank sought to hold Bank of New York Mellon liable for …

  • US and World News

    Chile heavy rains likely caused over $1 billion in agriculture losses

    by Reuters August 28, 2023
    by Reuters August 28, 2023

    SANTIAGO (Reuters) – Heavy rains in Chile’s central south farming region last week may have caused at least $1 billion in losses, according to estimates by authorities and the industry. …

  • Business News

    Life sciences firm Danaher to buy Abcam in $5.7 billion deal

    by Reuters August 28, 2023
    by Reuters August 28, 2023

    By Manas Mishra (Reuters) – Danaher Corp on Monday agreed to buy protein consumables manufacturer Abcam Plc in a $5.7 billion all-cash deal including debt, as the medical tools supplier …

  • Business News

    StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 billion

    by Reuters August 28, 2023
    by Reuters August 28, 2023

    By Rishav Chatterjee (Reuters) -Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 billion, as part of a …

  • Business News

    Malawi ‘on course’ to restructuring $1.2 billion debt

    by Reuters August 27, 2023
    by Reuters August 27, 2023

    BLANTYRE (Reuters) – Malawi is on course to getting its $1.2 billion external debt with different lenders restructured to “sustainable levels”, its central bank said in a statement on Sunday. …

  • Business News

    Credit Suisse posted $4 billion loss in 2Q, Sonntagszeitung reports

    by Reuters August 27, 2023
    by Reuters August 27, 2023

    BERLIN (Reuters) – Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to …

  • Business News

    Australia’s ANZ Group and Suncorp seek review of $3.2 billion deal block

    by Reuters August 25, 2023
    by Reuters August 25, 2023

    (Reuters) -ANZ Group and Suncorp Group said on Friday that they have filed separate applications to seek a tribunal review after Australia’s competition regulator recently blocked ANZ’s $3.2 billion buyout …

  • Business News

    Lockheed’s Sikorsky wins $2.7 billion U.S. Navy contract

    by Reuters August 24, 2023
    by Reuters August 24, 2023

    (Reuters) – Sikorsky, a unit of Lockheed Martin, said on Thursday it was awarded a $2.7 billion contract by the U.S. Navy to build 35 additional CH-53K helicopters. The CH-53K …

  • Business News

    QIA to take stake in Ambani retail firm at $100 billion valuation

    by Reuters August 23, 2023
    by Reuters August 23, 2023

    BENGALURU (Reuters) -Qatar Investment Authority will invest $1 billion for a 1% stake in India’s Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani’s Reliance Industries, nearly doubling its …

  • Business News

    Thoma Bravo to close $2.3 billion ForgeRock deal after DOJ nod – Bloomberg News

    by Reuters August 22, 2023
    by Reuters August 22, 2023

    (Reuters) – Private equity firm Thoma Bravo will complete its $2.3 billion acquisition of software firm ForgeRock after the U.S. Department of Justice declined to challenge the deal, Bloomberg News …

  • US and World News

    US State Dept OKs possible sale of Apache helicopters to Poland for $12 billion -Pentagon

    by Reuters August 21, 2023
    by Reuters August 21, 2023

    WASHINGTON (Reuters) -The U.S. State Department has approved the potential sale of AH-64E Apache helicopters and related equipment to Poland in a deal valued at up to $12 billion, the …

  • Business News

    DuPont to sell Delrin resins unit to PE firm for around $1.8 billion – Bloomberg News

    by Reuters August 20, 2023
    by Reuters August 20, 2023

    (Reuters) – Materials and chemicals maker DuPont De Nemours Inc is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 …

  • Business News

    BAE says $5.5 billion Ball Corp deal will help it meet Ukraine-led defence demand

    by Reuters August 17, 2023
    by Reuters August 17, 2023

    By Muvija M LONDON (Reuters) – Britain’s BAE Systems said its $5.5 billion purchase of Ball Corp’s aerospace business would help it meet the soaring demand for munitions seen since …

  • Business News

    Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show

    by Reuters August 17, 2023
    by Reuters August 17, 2023

    By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare group Philips without triggering the …

  • US and World News

    Insured losses from Maui wildfires at least $1 billion – Moody’s

    by Reuters August 15, 2023
    by Reuters August 15, 2023

    LONDON (Reuters) – Moody’s Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. More than 2,000 structures were …

  • New Jersey News

    Bucco Calls on Democrats to Answer For $1 Billion Bailout of Foreign Wind Developer After Company Reports Significant Earnings

    by Press Release August 15, 2023
    by Press Release August 15, 2023

    Sen. Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in …

  • Business News

    Indonesia’s July trade surplus seen narrowing to $2.5 billion: Reuters poll

    by Reuters August 14, 2023
    by Reuters August 14, 2023

    JAKARTA (Reuters) – Indonesia’s exports and imports likely continued a decline on a yearly basis in July amid weakening global trade, with its trade surplus seen shrinking, according to a …

  • Business News

    Private equity firm CVC bags $4.45 billion so far in sixth Asia-focused fund

    by Reuters August 11, 2023
    by Reuters August 11, 2023

    By Kane Wu HONG KONG (Reuters) -Europe-based private equity firm CVC Capital Partners has raised over $4.45 billion so far for its new Asia-focused fund, its latest regulatory disclosure showed. …

  • Business News

    ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal

    by Reuters August 11, 2023
    by Reuters August 11, 2023

    By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION …

  • Business News

    China to replace $140 billion LGFV debt with local bonds – Bloomberg News

    by Reuters August 11, 2023
    by Reuters August 11, 2023

    BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, …

  • Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

    Biden Asks Congress For Additional $24 Billion In Military, Economic Aid For Ukraine

    by The Daily Caller August 10, 2023
    by The Daily Caller August 10, 2023

    Biden Asks Congress For Additional $24 Billion In Military, Economic Aid For Ukraine Micaela Burrow on August 10, 2023 The White House asked Congress for $24 billion dollars in supplementary …

  • Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

    Biden Admin Agrees To $6 Billion Deal With Iran In Exchange For American Prisoners: REPORT

    by The Daily Caller August 10, 2023
    by The Daily Caller August 10, 2023

    Biden Admin Agrees To $6 Billion Deal With Iran In Exchange For American Prisoners: REPORT Jake Smith on August 10, 2023 The United States and Iran have reached a deal …

  • Business News

    Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources

    by Reuters August 10, 2023
    by Reuters August 10, 2023

    By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Two of Canada’s biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the …

  • Business News

    Ant group quarterly profit rises 17.5% on year to 13.37 billion yuan – Alibaba filing

    by Reuters August 10, 2023
    by Reuters August 10, 2023

    SHANGHAI (Reuters) – China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to …

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