Ericsson closes $6.2 billion Vonage deal after short delay
STOCKHOLM – Ericsson on Thursday closed its $6.2 billion Vonage acquisition, nearly a month after it was delayed due to a pending investigation by a …
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Explainer-How will Rogers’ C$20 billion contested bid for Shaw play out
By Divya Rajagopal TORONTO – Rogers Communications faces a tough antitrust regulator and a July 31 deadline to close its C$20 billion ($15.5 billion) acquisition …
Belgian raises 1.42 billion euros from 5G mobile licence auction
BRUSSELS – Belgium has raised 1.42 billion euros ($1.44 billion) from its auction of new 5G mobile phone licences, with a fourth operator set to …
Biden to outline $37 billion funding request for crime prevention
WASHINGTON – President Joe Biden will lay out plans on Thursday to ask Congress for $37 billion for crime prevention programs as he seeks to …
Zara founder Ortega’s real estate assets worth $15.5 billion in 2021
MADRID – The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets’ …
China approves projects worth $50 billion after easing environment rules
SHANGHAI – China has fast-tracked the approval of construction projects worth more than 380 billion yuan ($56.22 billion) after relaxing its environmental rules last month, …
Reaction to China imposing $1.2 billion fine on Didi Global
(Reuters) – China’s cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated …
Blackstone draws over $24 billion commitments for latest real estate fund
(Reuters) – Buyout giant Blackstone Inc has secured commitments worth $24.1 billion for its latest real estate fund, according to a regulatory filing on Wednesday. …
SkyWater unveils plans to build $1.8 billion chip facility in Indiana
By Jane Lanhee Lee (Reuters) – U.S. semiconductor manufacturer SkyWater Technology Inc on Wednesday announced plans to invest $1.8 billion for a chip research and …
Exclusive-India central bank prepared to spend $100 billion more defending rupee – source
By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the …
KfW credit line for Uniper could be raised to 8 billion eur – Handelsblatt
BERLIN – The credit line facility by Germany’s state-owned KfW bank for gas importer Uniper is planned to be raised to 8 billion euros ($8.2 …
Latin American development bank approves $1.65 billion in financing for 5 countries
PANAMA CITY – The CAF-Development Bank of Latin America said on Tuesday it has approved $1.65 billion in financing for Argentina, Brazil, Paraguay, Peru and …
Importers paid $32 billion in U.S. tariffs on China tech imports-industry report
By David Lawder WASHINGTON – Importers of technology products from China paid over $32 billion worth of tariffs imposed by President Donald Trump between mid-2018 …
Judge sets October trial to decide Musk’s $44 billion deal for Twitter
(Reuters) – Twitter Inc’s lawsuit seeking to hold Elon Musk to his $44 billion takeover will go to trial in October, a Delaware judge ruled …
Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine
ALGEIRS – Algeria’s Sonatrach and its partners Occidental, TotalEnergies and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion …
Infratil’s Vodafone NZ to sell mobile tower assets for $1.1 billion
(Reuters) – New Zealand’s infrastructure investment company Infratil Ltd said on Monday Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion …
India’s COVID vaccinations hit 2 billion, new cases at four-month high
NEW DELHI – The Indian government’s COVID-19 vaccinations hit 2 billion on Sunday, with booster doses underway for all adults, as daily infections hit four-month …
Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects
MANILA – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth …
China will agree to $4 billion aid for Sri Lanka ‘at some point’ – Bloomberg News
(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in …
U.S. oil mergers drop to $12 billion as volatility limits deals
By Laila Kearney NEW YORK – U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a …
Cetera Attracts Record $3.6 Billion in Second Quarter 2022
Business development results spike following key additions to sourcing and engagement team LOS ANGELES, July 13, 2022 — Cetera Financial Group, one of America’s largest …
U.S. online sales during Amazon’s Prime Day jump to $12 billion- report
(Reuters) – U.S. online sales during Amazon.com Inc’s Prime Day shopping event jumped 8.5% from last year to nearly $12 billion, as inflation-hit Americans pounced …
Emerging market fund Ashmore shares hit 13-yr low as investors pull out cash
LONDON -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from …
Mexico Pledges $1.5 Billion To U.S. For Border Security Amid Migrant, Drug Surge
Mexico Pledges $1.5 Billion To U.S. For Border Security Amid Migrant, Drug Surge Jennie Taer on July 13, 2022 Mexican President Andres Manuel Lopez Obrador …
KKR’s first asset-based finance fund raises $2.1 billion
(Reuters) – Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are …
Two Financial Asset Managers Charged in Alleged $1.2 Billion Venezuelan Money Laundering Scheme
Miami, Florida – Two financial asset managers have been charged with money laundering for their alleged role in a $1.2 billion international scheme to launder …
Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources
By Kane Wu HONG KONG – Alibaba’s supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than …
Chile announces $1.2 billion aid plan amid surging inflation
SANTIAGO – Chile’s government on Monday announced a $1.2 billion economic aid plan that includes bonuses and labor subsidies as the Andean nation struggles with …
Exclusive-BC Partners explores $4 billion sale of IT firm Presidio -sources
By Krystal Hu and Chibuike Oguh (Reuters) – Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the …
PBF Energy Announces Full Redemption of $1.25 Billion of PBF Holding 9.25% Senior Secured Notes due 2025
PARSIPPANY, N.J., July 11, 2022 — PBF Energy Inc. (NYSE: PBF) today announced that its indirect subsidiary, PBF Holding Company LLC (“PBF Holding”), has fully …
Twitter vows legal fight after Musk pulls out of $44 billion deal
By Greg Roumeliotis (Reuters) – Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his …
Florida man charged with selling fake Cisco equipment in $1 billion scheme
By Jonathan Stempel (Reuters) – U.S. prosecutors on Friday announced the arrest of a Florida man accused of importing counterfeit Cisco networking equipment that if …
CEO of Dozens of Companies and Entities Charged in Scheme to Traffic an Estimated $1 Billion in Fraudulent and Counterfeit Cisco Networking Equipment
NEWARK, N.J. – A federal grand jury has indicted a Florida man for allegedly orchestrating a scheme over many years to traffic in counterfeit Cisco …
Lessor SMBC takes $1.6 billion impairment on aircraft in Russia
DUBLIN – Aircraft lessor SMBC Aviation Capital on Friday recorded an impairment of $1.6 billion to cover the full financial impact of having 34 jets …
U.S. firm to build $1.7 billion data centre, large-scale battery in Australia
MELBOURNE – Private-equity firm Quinbrook Infrastructure Partners said it has won approval to build a data centre worth A$2.5 billion ($1.7 billion) in Australia, that …
John Paulson’s wife sues him for $1 billion, says he is hiding money in divorce
By Jonathan Stempel NEW YORK – The wife of hedge fund founder John Paulson has sued him for at least $1 billion, claiming he is …
Indonesia’s FX reserves rise to $136.4 billion at end-June
JAKARTA – Indonesia’s foreign exchange reserves increased to $136.4 billion in June, equivalent to 6.6 months worth of imports and up from $135.6 billion a …
Crypto exchange FTX has “a few billion” to support industry – Bankman-Fried
By John McCrank and Megan Davies (Reuters) – Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still …
Sequoia China raises $9 billion amid hopes crackdown is easing – source
By Julie Zhu HONG KONG – Sequoia Capital China has raised a total of nearly $9 billion for four new funds amid investor hopes that …
Vietnam, South Korea aim to boost trade to $100 billion next year
HANOI – Vietnam and South Korea aim to raise the value of bilateral trade between the countries to $100 billion next year and to $150 …
Taiwan’s largest pension fund hiring managers for $3 billion bond mandate
HONG KONG – Taiwan’s largest pension fund is seeking to hire global asset managers to run a bond portfolio totalling $3 billion. The Bureau of …
China agrees to invest $3 billion in Indonesia sovereign wealth fund
JAKARTA – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, …
Rogers, Shaw start Canada antitrust talks over blocked C$20 billion merger
By Divya Rajagopal TORONTO – Canada’s antitrust authority, Rogers Communications and Shaw Communications will begin two-day negotiations on Monday to discuss possible remedies to the …
Klarna in talks to raise fresh funds at roughly $6 billion valuation -source
By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion …
FBI Adds ‘Cryptoqueen’ Accused Of Defrauding Investors Out Of $4 Billion To Ten Most Wanted List
FBI Adds ‘Cryptoqueen’ Accused Of Defrauding Investors Out Of $4 Billion To Ten Most Wanted List Gabe Kaminsky on July 1, 2022 A German woman …
Brazil posts trade surplus of $8.8 billion in June
BRASILIA – Brazil’s trade surplus reached $8.814 in June, official figures showed on Friday, below market expectations. Economists polled by Reuters had projected a $9.994 …
Agudath Israel of America Applauds New Jersey Governor Phil Murphy’s $50.6 Billion Budget
LAKEWOOD, NJ – Avi Schnall, the New Jersey Director of Agudath Israel of America today applauded Governor Phil Murphy’s massive $50.6 billion budget as it …
Italy’s AMCO to buy 1.4 billion euros of non-performing leasing credits from Intesa
MILAN – Italy’s state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of …
Costco buys remaining stake in Taiwan joint venture for $1.05 billion
(Reuters) -Costco Wholesale Corp said on Thursday it bought the 45% stake it did not already own in its Taiwan joint venture, Costco-Taiwan, for $1.05 …
Australia’s Austal secures $3.3 billion contract from U.S. Coast Guard
(Reuters) – Australia’s Austal Ltd said on Friday it secured a $3.3 billion contract to design and construct 11 offshore patrol cutters (OPC) for the …