Sri Lanka seeks to secure $5 billion in funds for import payments
By Uditha Jayasinghe COLOMBO – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other …
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Ford to invest $2 billion in Michigan, create 3,200 jobs
(Reuters) – Ford Motor Co will invest $2 billion and create 3,200 new jobs in Michigan as it boosts electric vehicle production, the automaker said …
Wells Fargo CEO sees $1 billion opportunity in growing investment bank
By Elizabeth Dilts Marshall and Niket Nishant NEW YORK – Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow …
Vacaville Man Sentenced to 8 Years in Prison for Billion Dollar DC Solar Ponzi Scheme
SACRAMENTO, Calif. — Alan Hansen, 51, of Vacaville, was sentenced today to eight years in prison and ordered to pay $619,415,950 million in restitution for …
New York couple accused of laundering $4.5 billion in crypto still in plea talks
By Sarah N. Lynch WASHINGTON – A New York couple accused of laundering $4.5 billion in cryptocurrency tied to the 2016 hack of digital currency …
Insurance broker Acrisure touches $23 billion in valuation after latest funding
(Reuters) – Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi …
TIM values landline grid about 20 billion euros in single broadband deal, sources say
MILAN – Telecom Italia (TIM) has attached an enterprise value of around 20 billion euros ($21.5 billion) to its landline grid which the former phone …
With Market Size Valued at $6.3 Billion by 2026, it`s a Healthy Outlook for the Global Helical Submerged Arc Welded (HSAW) Pipes Market
Global competitiveness and key competitor percentage market shares Market presence across multiple geographies – Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to our digital …
Macquarie Asset Management raises $4.2 billion for Asia-Pacific fund
(Reuters) – Macquarie Asset Management, a part of Australia’s Macquarie Group Ltd, said on Tuesday it had raised $4.2 billion for its third fund dedicated …
Google backs India’s ShareChat in $300 million funding round at $5 billion valuation
By Munsif Vengattil NEW DELHI – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s Google, media …
Germany to change constitution to enable $110 billion defense fund
BERLIN – Germany has agreed to change its constitution to allow for a credit-based special defense fund of 100 billion euros ($107.35 billion) proposed after …
Egypt’s foreign debt rose by $8.1 billion in last quarter of 2021
CAIRO – Egypt’s net external debt climbed by $8.1 billion in the fourth quarter of 2021, central bank data showed on Sunday. Egypt had been …
UAE’s ADQ to invest $10 billion in projects with Egypt, Jordan – WAM
(Reuters) -Abu Dhabi state holding firm ADQ will allocate $10 billion in investment for projects with Egypt and Jordan, the United Arab Emirates’ state news …
Siemens Mobility wins $8.7 billion high-speed rail deal in Egypt
BERLIN – Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its consortium partners to build about 2,000 kilometres …
Canada’s budget deficit falls to C$95.57 billion in fiscal 2021/22 as pandemic wanes
By Julie Gordon Canada’s budget deficit in fiscal 2021/22 shrank to C$95.57 billion ($75.02 billion) from C$314.00 billion in the previous year, as emergency spending …
PBF Energy Announces Successful Renewal and Extension of Credit Facility, Total Availability Increases to $4.3 Billion
PARSIPPANY, N.J., May 25, 2022 — PBF Energy Inc. (NYSE: PBF) today announced that its subsidiary, PBF Holding Company LLC, successfully completed a multi-year extension …
Hungary slaps $2.19 billion in new windfall taxes on banks, companies
BUDAPEST – Hungary will collect a total of 800 billion forints ($2.19 billion) annually this year and next from new windfall taxes imposed on banks, …
Vanguard commits $290 billion of assets to be net-zero by 2050
By Simon Jessop LONDON – Vanguard, the world’s second-biggest asset manager, said it expects nine funds managing $290 billion to reach the world’s climate goal …
VTB says Russian banks could get $52 billion boost if country ditches Basel rules
(Reuters) – Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital requirements, the head of VTB …
Brussels says about $24 billion of Russian central bank assets frozen in EU, less than expected
BRUSSELS – European Union states have reported the freezing of about 23 billion euros ($24.5 billion) of assets of the Russian Central Bank, a top …
Crypto lender Babel Finance valued at $2 billion after latest fundraising
(Reuters) – Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and …
Global mutual funds investors could sell $350 billion worth equities this year -Barclays
(Reuters) – Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, …
India’s Andhra state in $16 billion pacts involving Adani, GIC-backed Greenko – officials
By Aditya Kalra DAVOS, Switzerland – India’s Andhra Pradesh has signed renewables investment pacts worth a total of around $16 billion with three companies including …
Air France-KLM launches 2.3 billion euro share sale
By Tim Hepher PARIS -Air France-KLM on Tuesday launched a 2.26-billion-euro ($2.41 billion) share sale to shore up its balance sheet and repay some French …
SoftBank-backed logistics firm Delhivery valued at $4.9 billion in India debut
BENGALURU -Shares of Delhivery, an Indian logistics startup backed by SoftBank Group, rose as much as 7.6% in their market debut on Tuesday, giving the …
Hyundai Motor Group to invest $50 billion in S.Korea through 2025
SEOUL – Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its …
Exclusive-India considering spending additional $26 billion to fight inflation -sources
By Aftab Ahmed NEW DELHI – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to …
Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year – minister
CAIRO – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait …
India cenbank gives sharply lower surplus of 303 billion rupees to govt
MUMBAI – India’s central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 …
Prosus to sell Russian online marketplace Avito, formerly worth $6 billion
AMSTERDAM – Prosus, the Dutch-based technology investor, said on Friday it would seek a buyer for its Russian online marketplace Avito. Avito had been one …
Canada’s Brookfield buys Britain’s HomeServe for $5 billion
By Emma-Victoria Farr and Sachin Ravikumar FRANKFURT -Canada’s Brookfield Asset Management has agreed to buy British home repair services firm HomeServe for 4.08 billion pounds …
EU plans 9 billion euros joint borrowing for Ukraine, more for reconstruction
BRUSSELS – The European Commission proposed on Wednesday an extra 9 billion euros ($9.5 billion) in EU loans to Ukraine in 2022 to keep the …
EU offers 9 billion euro loan to Ukraine, prepares reconstruction -Commission
BRUSSELS – The European Commission proposed on Wednesday a 9 billion euro ($9.5 billion) loan to Ukraine to keep the country going as it struggles …
Al Gore’s Generation Investment launches $1.7 billion fund
(Reuters) – An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in …
Canada’s Telus to invest $17 billion in Alberta on network infrastructure
(Reuters) – Telus Corp said on Tuesday it would invest $17 billion in network infrastructure, operations and spectrum across Canada’s Alberta over the next four …
G7 finance ministers plan 15 billion euros aid for Ukraine
BERLIN -The finance ministers of the Group of Seven economic powers want to put together a 15 billion euro ($15.8 billion) aid package for Ukraine …
Italian luxury group Zegna sees sales above 2 billion euros in mid-term
MILAN – Italy’s Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted …
After delay, U.S. Senate edges toward passing $40 billion Ukraine war aid
By Patricia Zengerle WASHINGTON – The U.S. Senate voted on Monday to advance $40 billion more aid for Ukraine in its war against Russia, setting …
Aircraft lessor SMBC to buy rival Goshawk in $6.7 billion deal
By Padraic Halpin DUBLIN – SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in …
White House says $110 billion in infrastructure funds released in first 6 months
By David Shepardson WASHINGTON – The White House on Monday said it has released $110 billion in funding from the $1 trillion infrastructure package that …
Western sanctions block $16-$18 billion worth of Belarusian exports to EU, U.S. – PM
(Reuters) – Sanctions that have been imposed on Belarus have blocked $16-$18 billion worth of its annual exports to the West, the Belta news agency …
Exclusive-War forces Ukraine to divert $8.3 billion to military spending, tax revenue drops – minister
By Natalia Zinets KYIV – Ukraine has been forced to spend 245.1 billion hryvnia ($8.3 billion) on its war with Russia instead of development, the …
Chainalysis raises $170 million in 6th funding round with $8.6 billion valuation
NEW YORK – Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation …
China Resources in talks to take Sihuan Pharma private at $3 billion valuation -sources
HONG KONG -State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal …
China scrutiny stymies JD.Com fintech unit’s $2 billion Hong Kong IPO – sources
By Julie Zhu and Scott Murdoch HONG KONG – JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an …
South Korea drafts $46 billion extra budget to help COVID-hit businesses
SEOUL – South Korea unveiled plans on Thursday to pay more than $20 billion to small businesses and self-employed people to make up for losses …
AXA, Unilever to join new 1 billion euro regenerative agriculture fund
ZURICH – Insurer Axa and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative …
New Jersey Lawmakers Say “Give it Back” After State Amasses $5 Billion in Surplus Revenue
TRENTON, NJ – As many New Jerseyans are struggling to make ends meet during the post-pandemic recovery, the state of New Jersey is rolling in …
Former Chief Financial Officer of $21 Billion Biopharmaceutical Company Indicted for Insider Trading
NEWARK, N.J. – The former chief financial officer for a biopharmaceutical company was indicted today for his role in an insider trading scheme, U.S. Attorney …
China Eastern Airlines to raise up to $2.2 billion through A-Share sale
HONG KONG – China Eastern Airlines Corp plans to raise up to 15 billion yuan ($2.23 billion) in a share sale to expand its fleet …