U.S. CFTC charges South African company with record $1.7 billion bitcoin fraud
By Pete Schroeder WASHINGTON – The U.S. commodities regulator announced on Thursday it had filed civil charges against a South African man and his company …
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U.S. adds ‘Cryptoqueen’ to most-wanted list over alleged $4 billion fraud
By Luc Cohen NEW YORK – A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin has …
NBCUniversal secures $7 billion in upfront ad sales – source
By Dawn Chmielewski (Reuters) – NBCUniversal said on Thursday it completed the highest-grossing upfront advertising sales period since its acquisition by Comcast Corp with commitments …
BMW to start 2 billion euro share buyback programme in July
BERLIN – Germany’s BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to …
U.S. to provide $1 billion to reconnect neighborhoods divided by highways, rail
By Andy Sullivan WASHINGTON – The U.S. government will provide $1 billion to neighborhoods that have been divided by highways, rail lines or other transportation …
Saab wins SEK 7 billion order from Swedish defence
STOCKHOLM – Swedish defence materials group Saab said on Thursday it had won an order from the Swedish Defence Material Administration for its GlobalEye Airborne …
Australian stocks shed $172 billion in H1, analysts see more pain
By Shashwat Awasthi (Reuters) – Australian shares were set to lose a tenth of their market value in the first half of 2022, and analysts …
DC Solar Owner Sentenced to Over 11 Years in Prison for Billion Dollar Ponzi Scheme
SACRAMENTO, Calif. — U.S. District Judge John A. Mendez sentenced Paulette Carpoff, 51, of Martinez, to 11 years and three months in prison for her …
Goldman Sachs expects over $1.2 billion losses from consumer unit this year – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s internal projections show the bank’s consumer unit will record losses of more than $1.2 billion this year, Bloomberg News …
India’s Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal
BENGALURU – Shares of India’s Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the …
U.S. commerce secretary presses lawmakers to greenlight $52 billion for chipmaking
WASHINGTON – U.S. Commerce Department Secretary Gina Raimondo on Monday stepped up pressure on Congress to approve $52 billion in funding for chipmakers to expand …
What happens to Italian tycoon Del Vecchio’s $29 billion fortune?
By Valentina Za and Claudia Cristoferi MILAN – Leonardo Del Vecchio leaves a business empire worth 27 billion euros ($29 billion), ranging from the eyewear …
Telecom Italia to get state guarantee for $2.1 billion loan – sources
By Giuseppe Fonte and Valentina Za ROME – The Italian Treasury is set to guarantee a 2 billion euro ($2.1 billion) bank credit line for …
Russia to spend $14.5 billion to boost local aircraft production amid sanctions
(Reuters) – Russia’s government announced plans on Monday to invest 770 billion roubles ($14.5 billion) in the country’s aviation industry by the end of this …
French lawmakers plan $8.4 billion aid for households to fight inflation
PARIS – French lawmakers are drafting a bill to shore-up household buying power by raising some forms of government assistance by 4%, at a cost …
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion
PRAGUE – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 …
Spain approves $9.5 billion aid package for vulnerable families
MADRID – Spain announced a 9 billion euro ($9.50 billion) package of measures on Saturday to help its most vulnerable households cope with soaring energy …
Malaysia plans record $18 billion subsidy spend in inflation fight
KUALA LUMPUR – Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, …
Bristol Myers must face $6.4 billion lawsuit over delayed cancer drug
By Jonathan Stempel NEW YORK – A U.S. judge on Friday refused to dismiss a $6.4 billion lawsuit accusing Bristol Myers Squibb Co of delaying …
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s …
Bridgewater’s bearish bets on European stocks jump to $10.5 billion – Bloomberg News
(Reuters) – Bridgewater Associates has raised its short position on European stocks to $10.5 billion, nearly doubling from the previous week, according to a Bloomberg …
Former Head of Corporate Communications of $21 Billion Biopharmaceutical Company Admits Insider Trading
NEWARK, N.J. – The former head of corporate communications for a biopharmaceutical company today admitted her role in an insider trading scheme, U.S. Attorney Philip …
Credit Agricole sees profit topping 6 billion euros in 2025, growth in Italy
By Matthieu Protard PARIS -French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees …
Portugal picks companies for $8 billion investment in green projects
By Sergio Goncalves LISBON – Portugal has picked 51 consortia to invest a total of 7.57 billion euros ($8 billion) in green and other innovative …
Lake County Woman Convicted Of Mail Fraud And Conspiracy In Connection With $2.94 Billion Tax Fraud
Ocala, FL – United States Attorney Roger B. Handberg announces that a federal jury has found Joyce O. Isagba guilty of three counts of mail …
Bridgewater bets $6.7 billion against European stocks
By Carolina Mandl NEW YORK -Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in …
Credit Suisse plans to call $1.5 billion AT1 instrument
ZURICH – Credit Suisse plans to call its $1.5 billion 7.125% high-trigger Tier 1 capital instrument for redemption on July 29, it said on Thursday. …
Analysis-Brazil likely to waive over $20 billion in tax revenue as Bolsonaro tries to spur economy
By Bernardo Caram BRASILIA – Tax cuts are likely to cost over 110 billion reais ($21.5 billion) in Brazilian tax revenue this year, as President …
India’s May trade deficit widens to $24.29 billion – trade ministry
NEW DELHI – India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago, a government statement said on Wednesday. May’s trade …
HKMA buys HK$9.255 billion from market as currency hits weak end of trading band
HONG KONG – Hong Kong’s de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local …
Brazil central government posts better than expected 28.6 billion reais surplus in April
BRASILIA – Brazil’s central government reported a better than expected primary budget surplus of 28.6 billion reais ($5.57 billion) in April, official figures showed on …
LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve …
Prologis to Combine with Duke Realty in $26 Billion All-Stock Transaction
Portfolio addition will drive long-term shareholder growth SAN FRANCISCO and INDIANAPOLIS, June 13, 2022 — Prologis, Inc. (NYSE: PLD) and Duke Realty Corporation (NYSE: DRE) …
Apple music, gaming to bring in over $8 billion in revenue by 2025, JPM says
(Reuters) – Apple Inc’s revenue from gaming and music offerings is expected to jump 36% to $8.2 billion by 2025, J.P.Morgan said on Monday, as …
S.Korean industries face losses worth $1.2 billion due to trucker strike – industry ministry
SEOUL – South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due …
S.Korea June 1-10 exports shrink 12.7%, trade deficit at $6 billion
SEOUL – South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed …
Brazil raises about $6 billion in Eletrobras shares in world’s No.2 offering of the year
By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO/SAO PAULO -Brazil’s government on Thursday night moved forward with its bid to privatize Eletrobras, Latin …
UK think-tank says Sunak has cost taxpayers 11 billion pounds on rate hit
LONDON – A think-tank has estimated that British taxpayers are facing an 11-billion-pound ($13.7 billion) hit after finance minister Rishi Sunak failed to heed its …
After Sending $40 Billion To Ukraine, US Officials Are Only Now Raising Red Flags
After Sending $40 Billion To Ukraine, US Officials Are Only Now Raising Red Flags Micaela Burrow on June 9, 2022 U.S. officials say Ukraine has …
Apollo in talks to provide up to $2 billion in financing for Kohl’s sale – source
By Chibuike Oguh (Reuters) – Apollo Global Management Inc is in talks to provide up to $2 billion in debt financing for the potential acquisition …
ADB approves up to $4.3 billion loan for Philppine railway project
MANILA – The Asian Development Bank (ADB) said on Thursday it has approved a loan of up to $4.3 billion for a railway project in …
Philippines April trade deficit narrows but still close to $5 billion
MANILA – The Philippines posted a $4.8 billion trade deficit in April, narrower than the previous month’s three-month high of $5 billion, as imports sustained …
Tiny meteoroid bops $10 billion Webb space telescope
By Joey Roulette WASHINGTON – A tiny meteoroid struck the newly deployed James Webb Space Telescope in May, knocking one of its gold-plated mirrors out …
World Bank approves $1.49 billion in support for Ukraine – PM
KYIV – The World Bank has approved $1.49 billion in financial support for Ukraine to help pay wages for social workers and civil servants, Ukrainian …
U.S. Treasury approves first state projects from $10 billion COVID broadband fund
By David Lawder and David Shepardson WASHINGTON – The U.S. Treasury on Tuesday announced the first state awards from a $10 billion COVID-19 aid program …
Timeline: Elon Musk’s $44 billion pursuit of Twitter
(Reuters) – Elon Musk has threatened to walk away from his $44 billion buyout deal for Twitter Inc if the social media company fails to …
Czech budget deficit to surpass CZK 300 billion in 2022 amid Ukraine war -minister
PRAGUE – The Czech state budget will surpass 300 billion crowns ($13.05 billion) this year, overshooting a 280-billion-crown target, Finance Minister Zbynek Stanjura said, as …
Germany aims for 30 billion eur investment in new start-up strategy
BERLIN – Germany’s economy ministry has drawn up plans to foster the start-up scene in Europe’s largest economy with a batch of measures including an …
Crisis-hit Sri Lanka hopes for over $1 billion in foreign investment this year
By Uditha Jayasinghe COLOMBO – Sri Lanka is aiming to attract well over $1 billion in foreign direct investment this year, an official said on …
Oracle gains EU green light for $28.3 billion Cerner deal
BRUSSELS – U.S. business software maker Oracle Corp has secured unconditional EU antitrust clearance for its $28.3 billion acquisition of U.S. healthcare IT company Cerner …