(Reuters) – The Pentagon found it had overestimated the amount of funding for ammunition, missiles and other equipment it sent to Ukraine by $6.2 billion due to an accounting error, …
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Exclusive-Civitas Resources nears $5 billion deal to expand into Permian-sources
by Reutersby ReutersBy David French (Reuters) – Civitas Resources Inc is nearing a deal to acquire oil and gas operations in the Permian basin from private equity firm NGP Energy Capital Management …
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HELSINKI (Reuters) – Denmark’s military support to Ukraine will be increased to 21.9 billion Danish crowns ($3.21 billion) during 2023-2028, the Danish defence ministry said in a statement on Monday. …
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Intel to invest $25 billion in Israel factory in record deal, Netanyahu says
by Reutersby ReutersJERUSALEM (Reuters) -U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in …
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Insurance broker Acrisure prepares for 2024 IPO at over $20 billion valuation – source
by Reutersby Reuters(Reuters) – Insurance broker Acrisure has begun interviewing banks for an initial public offering next year which could fetch it a valuation of over $20 billion, a source familiar with …
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Exclusive-Ball Corp explores sale of aerospace unit for more than $5 billion -sources
by Reutersby ReutersBy David Carnevali and Mike Stone (Reuters) -Ball Corp, the world’s largest supplier of beer cans, is exploring a sale of its business that provides aerospace and national defense hardware, …
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Intel near deal on 9.9 billion euro German government subsidy, Handelsblatt says
by Reutersby Reuters(Reuters) – Intel and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 …
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Bahrain awards first ‘golden licences’ to five investment projects valued at over $1.4 billion
by Reutersby ReutersDUBAI (Reuters) – Bahrain granted its first “golden licences” offering special benefits to five companies that have made large-scale investment projects in the small state totalling more than $1.4 billion, …
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France hosts $7 billion debt talks as Casino seeks deal with creditors
by Reutersby ReutersBy Mathieu Rosemain PARIS (Reuters) – Casino and the holders of its 6.4 billion euros ($7 billion) of debt met at France’s finance ministry on Thursday morning as the beleaguered …
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Tesla shares finally snap record 13-day win streak that added $200 billion in value
by Reutersby ReutersBy Chavi Mehta and Aditya Soni (Reuters) – Tesla’s record 13-day streak of gains finally came to an end on Wednesday, as the stock closed down just a smidgen after …
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Flipkart and PhonePe could be $100 billion businesses in India, Walmart says
by Reutersby ReutersBy Siddharth Cavale NEW YORK (Reuters) – Walmart’s Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer’s chief financial officer …
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Grifols shares soar on possible sale of $1.5 billion stake in Shanghai RAAS
by Reutersby ReutersMADRID (Reuters) – Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake in Shanghai RAAS in a deal that would bring …
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Indonesia’s May trade surplus to shrink to $3.02 billion – Reuters poll
by Reutersby ReutersJAKARTA (Reuters) – Economists surveyed in a Reuters poll expect Indonesia’s May trade surplus to shrink from the previous month, following a decline in exports because of weakening commodity prices. …
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Egypt to allocate $4.1 billion for food subsidies in 2023/24 – document
by Reutersby ReutersBy Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its sprawling food subsidy programme out of a 3 trillion pound …
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(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice, doubling the number of employees that are working with the …
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Rio Tinto to invest $1.1 billion to expand aluminum smelter in Canada
by Reutersby Reuters(Reuters) -Rio Tinto will invest $1.1 billion to expand its “low-carbon” aluminum smelter at Complexe Jonquière in Quebec, Canada, the Anglo-Australian mining giant said on Monday. The investment will boost …
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Iraq approves record $153 billion budget including big public hiring
by Reutersby ReutersBy Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Iraq’s parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing …
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George Soros Gives His ‘More Political’ Son Control Of $25 Billion Empire
George Soros Gives His ‘More Political’ Son Control Of $25 Billion Empire Harold Hutchison on June 11, 2023 Billionaire George Soros has handed control of his $25 billion financial empire …
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BERLIN (Reuters) – The CEO of Germany’s largest defence contractor Rheinmetall said he expected a further boost to the company’s stock market value due to the Ukraine war and increased …
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Tesla short sellers down $6.08 billion in stock’s 11-session winning streak -S3 Partners
by Reutersby Reuters(Reuters) – Traders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker’s current winning streak, according to the …
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Exclusive-VTB profit seen at record of 400 billion roubles in 2023 – CEO Kostin
by Reutersby ReutersMOSCOW (Reuters) – Russian state-owned lender VTB will see profit of “not less” than 400 billion roubles ($4.9 billion) in 2023 after a bumper first five months of the year …
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BlackRock Looks To Raise $7 Billion To Boost ‘Renewable Power’ Projects
BlackRock Looks To Raise $7 Billion To Boost ‘Renewable Power’ Projects John Hugh DeMastri on June 8, 2023 BlackRock, the world’s largest asset manager, is launching its fourth Global Renewable …
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US Trade Deficit Skyrockets In April As Exports Plummet Almost $10 Billion
US Trade Deficit Skyrockets In April As Exports Plummet Almost $10 Billion Jason Cohen on June 7, 2023 The U.S. trade deficit ballooned by $14 billion in April compared to …
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Senate Republicans Propose FY 2024 Budget Plan with $6 Billion of New Tax Relief, More Debt Reduction, Spending Moderation & Greater Transparency
The Republican members of the Senate Budget & Appropriations Committee proposed more than $6 billion of new tax relief, $1 billion for debt reduction, and greater transparency and fairness in …
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US debt ceiling deal strands $16 billion of defense side-projects
by Reutersby ReutersBy Mike Stone and Patricia Zengerle WASHINGTON (Reuters) – A $16 billion list of lower-priority defense items like tanks, helicopter upgrades and a ship, that would normally be paid for …