By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider …
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Dem Mayor Wants To Spend $1.3 Billion In A Single Year To Curb Homelessness
Dem Mayor Wants To Spend $1.3 Billion In A Single Year To Curb Homelessness Nino Cambria on April 18, 2023 Democratic Los Angeles mayor Karen Bass announced that she would …
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(Reuters) – Eli Lilly and Co said on Monday it will invest an additional $1.6 billion at its two new manufacturing sites in Indiana, United States to support the manufacturing …
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Merck to take $10.3 billion R&D charge for Prometheus deal this year
by Reutersby Reuters(Reuters) – Merck & Co expects a research-and-development charge of about $10.3 billion, or $4 per share, this year as the drugmaker accounts its deal for Prometheus Biosciences Inc as …
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Indonesia posts $8.7 billion Q1 budget surplus, stronger rupiah seen cutting deficit outlook
by Reutersby ReutersJAKARTA (Reuters) – Indonesia posted a 128.5 trillion rupiah ($8.69 billion) budget surplus in the first quarter on strong tax collection and the recent strengthening of the rupiah currency could …
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Malaysia to review $3.9 billion settlement deal with Goldman Sachs – PM Anwar
by Reutersby ReutersKUALA LUMPUR (Reuters) – The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, …
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Argentina seeks to issue up to $1.2 billion in bonds, ministry source says
by Reutersby ReutersBy Jorgelina do Rosario WASHINGTON (Reuters) -The Argentine government is in talks to issue two dollar-bonds for up to $600 million each with separate guarantees from the World Bank and …
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Ukraine secures another $5 billion in funding after meetings, prime minister says
by Reutersby ReutersBy Andrea Shalal and Katharine Jackson WASHINGTON (Reuters) -Ukraine secured promises of $5 billion in additional funding to support its ongoing fight against Russia amid “fruitful meetings” in Washington this …
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Loblaw to spend $1.5 billion to expand business in Canada, create 6,000 jobs
by Reutersby Reuters(Reuters) – Loblaw Companies Ltd on Friday said it would spend C$2 billion ($1.50 billion) to expand its business in 2023 and create more than 6,000 new jobs in retail, …
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German finance ministry plans austerity measures of up to 20 billion euros – Spiegel
by Reutersby ReutersBERLIN (Reuters) – German Finance Minister Christian Lindner is planning an austerity package with a volume of up to 20 billion euros ($22.12 billion), Germany’s Der Spiegel reported on Friday. …
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Investors put $538 billion into cash funds over eight weeks – BofA
by Reutersby ReutersBy Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse …
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Exclusive-Ethiopia seeking $2 billion under IMF program, sources say
by Reutersby ReutersBy Jorgelina do Rosario WASHINGTON (Reuters) – Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform program, four sources familiar …
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BBVA, Santander, BofA want to back Mexico’s $6 billion power deal – Bloomberg News
by Reutersby Reuters(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg …
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Exclusive-EDF warns of 1 billion euro loss due to French strikes, reviews hiring – sources
by Reutersby ReutersBy Benjamin Mallet PARIS (Reuters) -French utility EDF has warned drawn-out strikes at its nuclear reactors and hydro-electricity plants have cost it 1 billion euros ($1.10 billion) in lost output …
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Italy plans extra borrowing worth almost $9 billion this year and next
by Reutersby ReutersROME (Reuters) – Italy plans to raise borrowing by some 8 billion euros ($8.8 billion) this year and next to fund aid measures mainly focused on cutting taxes for employees, …
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Exclusive-Kenya expects $1.2 billion Q2 financing boost, seeks fresh IMF funds
by Reutersby ReutersBy Jorgelina do Rosario and Joe Bavier WASHINGTON (Reuters) – Kenya expects at least $1.2 billion in financing inflows between April and May and is in talks for new funding …
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(Reuters) – The U.S. government recorded a $378-billion budget deficit in March as outlays outpaced revenues, the Treasury Department said on Wednesday. That compared to a budget deficit of $193 …
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BENGALURU (Reuters) – Indian private lender HDFC Bank Ltd said on Tuesday it would consider raising debt of 500 billion rupees (about $6 billion) over the next one year. The …
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Newmont plumps final bid for Australia’s Newcrest to $19.5 billion
by Reutersby ReutersBy Melanie Burton MELBOURNE (Reuters) -Newmont Corp laid down a best and final offer for Australia’s Newcrest Mining Ltd on Tuesday at A$29.4 billion ($19.5 billion) to close a deal …
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TOKYO (Reuters) – Japan has awarded its largest defence equipment maker Mitsubishi Heavy Industries contracts worth 378 billion yen ($2.84 billion) to develop and build a new missile force aimed …
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Turkey’s current account deficit seen at $8.5 billion in Feb; $45 billion in 2023
by Reutersby ReutersISTANBUL (Reuters) -Turkey is expected to record a current account deficit of $8.5 billion in February on back of high gold and energy imports, a Reuters poll showed on Wednesday, …
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Chicago’s $1.1 billion metered parking deal upheld by appeals court
by Reutersby ReutersBy Mike Scarcella (Reuters) – A U.S. appeals court on Friday declined to reinstate a lawsuit from Chicago drivers who claimed the city’s costly parking meter rates were derived from …
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South Korea to offer $5.3 billion in financing to support battery investment in North America
by Reutersby ReutersBy Heekyong Yang SEOUL (Reuters) – South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in …
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Johnson & Johnson Shells Out Nearly $9 Billion To Settle Cancer Allegations
Johnson & Johnson Shells Out Nearly $9 Billion To Settle Cancer Allegations Jason Cohen on April 5, 2023 Johnson & Johnson agreed to dole out $8.9 billion to numerous people …
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Canada unveils revised C$23 billion compensation deal for Indigenous children
by Reutersby ReutersOTTAWA (Reuters) – Canada’s federal government and a group of Indigenous people have reached a revised C$23.34 billion ($17.35 billion) agreement to compensate First Nations children and families for the …