Pelosi urges U.S. Congress to approve $33 billion in aid for Ukraine by end of May
WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi on Sunday told CBS that Congress needs to pass by the end of the month a …
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UK’s Capco and Shaftesbury in talks about $4 billion merger – Sky News
(Reuters) – London’s West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound …
Canada’s Commissioner of Competition plans to oppose Rogers, Shaw $16 billion merger
(Reuters) – Canada’s Commissioner of Competition intends to oppose Rogers Communications Inc’s proposed C$20 billion ($16 billion) merger with Shaw Communications Inc, the companies said …
Bausch + Lomb valued at $6.5 billion after stock ticks up in NYSE debut
By Niket Nishant (Reuters) -Bausch + Lomb was valued at $6.48 billion in its U.S. market debut on Friday as the eye-care company’s shares opened …
Singapore convicts two linked to $6 billion penny-stock crash
SINGAPORE – Singapore’s high court has convicted two people over what authorities consider to be the largest market manipulation case in the city-state, a joint …
Brazil’s Petrobras posts $9 billion profit as Bolsonaro rails against company
By Gram Slattery and Roberto Samora RIO DE JANEIRO – Brazil’s Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after …
U.S. Energy Department to commit $2.25 billion to carbon storage program
WASHINGTON – The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it …
Financial firms face $225 billion in water-related losses, analysis estimates
By Simon Jessop and Tommy Wilkes LONDON – Financial institutions face losses of at least $225 billion from risks related to water, with a third …
Stanford University given $1.1 billion by venture capitalist for climate change school
By Kanishka Singh (Reuters) – Stanford University received $1.1 billion, its largest ever gift, from venture capitalist John Doerr to fund a new school focused …
EU clears $11.6 billion German scheme for companies hit by Russia sanctions
BRUSSELS – EU competition regulators on Wednesday approved a 11-billion-euro ($11.58 billion) German scheme to help companies hit by sanctions against Russia, similar to those …
Exxon Mobil to sell Romanian affiliate for over $1 billion to Romgaz
(Reuters) -Exxon Mobil Corp said on Tuesday it will sell its Romanian upstream unit to gas producer Romgaz for over $1 billion as the oil …
Exclusive-Coca-Cola African bottler’s $3 billion IPO delayed by Ukraine turmoil
By Promit Mukherjee and Emma Rumney JOHANNESBURG – Coca-Cola’s estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place …
Italy approves 14 billion euros of stimulus measures as growth outlook weakens
ROME – Italy on Monday approved a new stimulus package worth 14 billion euros ($14.71 billion) to shield firms and families from the economic impact …
U.S. Treasury to pay down $26 billion in debt in Q2
NEW YORK – The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January …
Google urges court to scrap $1.6 billion EU antitrust fine
By Foo Yun Chee BRUSSELS – Alphabet unit Google on Monday urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU …
Brazil’s Itau Unibanco buys stake in XP Inc for $1.6 billion
(Reuters) – Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 …
Chile’s Codelco reports Q1 pre-tax profit of $1.521 billion
(Reuters) – Chilean copper producer Codelco posted on Friday a first quarter pre-tax profit of $1.521 billion, a 7% decrease from the year-ago period. The …
IMF approves new $9.8 billion flexible credit line for Colombia
NEW YORK – The International Monetary Fund on Friday approved a $9.8 billion Flexible Credit Line (FCL) for Colombia, which the South American country said …
Musk sells Tesla shares worth $4.5 billion
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk sold about 5.23 million shares in the electric vehicle maker, worth about $4.5 billion, in multiple …
Twitter deal could bolster lawsuit over Musk’s $56 billion Tesla pay
By Tom Hals (Reuters) – Elon Musk’s $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue …
Continental plans price hikes due to $3.7 billion extra costs in 2022
FRANKFURT – German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) …
Activision Blizzard shareholders approve $68.7 billion Microsoft deal
(Reuters) – Videogame publisher Activision Blizzard Inc said on Thursday that its shareholders approved Microsoft Corp’s $68.7 billion proposal to buy the “Call of Duty” …
China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
By Julie Zhu and Scott Murdoch HONG KONG – Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in …
Swiss National Bank posts $34 billion loss as bond losses bite
ZURICH – The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as …
Sanders seeks to cut $10 billion funding proposal for new NASA lunar lander
By Joey Roulette and David Shepardson WASHINGTON – U.S. Senator Bernie Sanders asked lawmakers to delete language from a bill that would fund development of …
Telefonica Brasil expects $1.09 billion of synergies with Oi deal
SAO PAULO – Telefonica Brasil said on Wednesday it estimates the assets acquired from Brazilian telecom Oi Movel will create 5.4 billion reais ($1.09 billion) …
Argentina seeking $10 billion investment to jump-start LNG exports, minister says
By Eliana Raszewski BUENOS AIRES – Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to …
Capital One Reports First Quarter 2022 Net Income of $2.4 billion, or $5.62 per share
MCLEAN, Va., April 26, 2022 — Capital One Financial Corporation (NYSE: COF) today announced net income for the first quarter of 2022 of $2.4 billion, …
TPG raises $7.3 billion for climate fund in sustainability push
(Reuters) – TPG Inc said on Wednesday it had raised $7.3 billion for its climate fund, as the private equity giant expands its investments in …
Mexico’s Grupo Salinas vows to fight order to pay 2.447 billion pesos in tax dispute
MEXICO CITY – Mexico’s Grupo Salinas, the parent company of broadcaster TV Azteca, said on Tuesday it will keep fighting in a legal dispute that …
Colombia fuel subsidy deficit projected to more than double to $8.8 billion
BOGOTA – Colombia’s fuel subsidy fund is projected to more than double its deficit to 33.7 trillion pesos ($8.8 billion) this year because of high …
KKR raises $19 billion for flagship North America private equity fund
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Monday it has raised $19 billion from investors for its latest flagship …
Analysis-Musk tears up buyout playbook with $46.5 billion Twitter financing
By Krystal Hu and Anirban Sen (Reuters) – It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it …
World Bank estimates Ukraine physical damage at roughly $60 billion so far
WASHINGTON – Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will rise further as the war continues, …
Upside Foods valued at over $1 billion after Temasek, Abu Dhabi Growth Fund-led funding
By Mehnaz Yasmin (Reuters) – Upside Foods has raised $400 million in a funding round led by Temasek and Abu Dhabi Growth Fund, valuing the …
Hitachi to sell $1.6 billion Hitachi Transport stake to KKR, Nikkei says
TOKYO – Hitachi Ltd is planning to sell most of its 40% stake in Hitachi Transport System Ltd to U.S. private equity firm Kohlberg Kravis …
Musk’s Boring Company valued at $5.6 billion after latest funding round
(Reuters) – Elon Musk’s The Boring Company has raised $675 million in Series C funding round, which now values the tunneling enterprise at $5.675 billion, …
G7 finance ministers pledge more than $24 billion to Ukraine
WASHINGTON – G7 finance ministers said they have provided and pledged together with international community additional support to Ukraine exceeding $24 billion for 2022 and …
Elon Musk scores hat trick of Tesla compensation goals worth $23 billion
By Noel Randewich (Reuters) – With Tesla’s strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth …
Biden Admin Throws $6 Billion At Restoring Old Nuclear Power Plants
Biden Admin Throws $6 Billion At Restoring Old Nuclear Power Plants Thomas Catenacci on April 20, 2022 The Department of Energy (DOE) said it is …
Russia may spend $1.3 billion from wealth fund to recapitalise Aeroflot – Ifax
(Reuters) – Russia is considering spending around 107 billion roubles ($1.34 billion) from its National Wealth Fund (NWF) to recapitalise flagship airline Aeroflot, the Interfax …
‘Panicked’ Russians withdrew $9.8 billion in FX from banks in March
(Reuters) – Russian households withdrew foreign currency worth $9.8 billion from their accounts in March and banks cut new corporate lending by around one third, …
Biden administration launches $6 billion nuclear power credit program
By Timothy Gardner WASHINGTON -The Biden administration on Tuesday opened applications for a $6 billion program to help nuclear power plants struggling with rising costs …
Taiwan’s TSMC raises $3.5 billion in bonds for new U.S. plant
TAIPEI – Taiwanese chip firm TSMC has raised $3.5 billon in bonds for its new plant in the U.S. state of Arizona, according to a …
Carrefour Brasil reports Q1 total sales of $4.45 billion
(Reuters) – Brazilian retailer Carrefour Brasil reported on Tuesday first-quarter total sales of 20.755 billion reais ($4.45 billion), a 14.5% increase compared with the same …
Russia to spend over $32.3 billion to support economy under sanctions
(Reuters) – Russia plans to spend over 2.5 trillion roubles ($32.3 billion) on supporting its economy that has been targeted by unprecedented western sanctions, Finance …
Blackstone to buy ACC for $12.8 billion
(Reuters) – Blackstone Inc, the world’s biggest alternative asset manger, has agreed to buy American Campus Communities Inc for $12.8 billion including debt, the student …
Brazil’s Embraer delivers 14 jets in Q1, order backlog hits $17.3 billion
SAO PAULO – Brazilian planemaker Embraer SA said on Tuesday it has delivered 14 jets in the first quarter of 2022, including six commercial and …
African startups drew record $5.2 billion in venture capital last year – industry group
JOHANNESBURG – African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly …
Exclusive-Warshaw-led consortium in $1.2 billion bid for Cumulus Media -sources
By Greg Roumeliotis and Dawn Chmielewski (Reuters) -A consortium led by U.S. radio station industry veteran Jeff Warshaw has offered to acquire Cumulus Media Inc …