China’s JD Logistics aims to raise $1.1 billion from new shares
By Scott Murdoch SYDNEY – JD Logistics is looking to raise $1.1 billion from a $700 million share placement with its parent company JD.Com plus …
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U.S. to offer funds of $2.9 billion for major infrastructure projects
By David Shepardson WASHINGTON – The White House will announce on Wednesday a funding opportunity of $2.9 billion earmarked by the Transportation Department for major …
Exclusive-Cannabis producer Cresco nears $2 billion purchase of Columbia Care – sources
By Shariq Khan – U.S. cannabis producer Cresco Labs Inc is in advanced talks to buy rival Columbia Care Inc for around $2 billion, three …
MercadoLibre to invest $3.44 billion in Brazil in 2022
SAO PAULO – South American e-commerce giant MercadoLibre said on Tuesday it will invest 17 billion reais ($3.44 billion) in Brazil in 2022, up 70% …
Prologis launches bid for Blackstone’s 21 billion euros warehouse portfolio – FT
– Prologis Inc, the world’s biggest warehouse owner, has launched a bid to buy Blackstone Inc’s portfolio of logistics properties in what would be the …
South Korea’s Posco to invest $4 billion in lithium project in Argentina
BUENOS AIRES – South Korean steelmaker Posco said on Monday it will invest $4 billion in a new lithium mining project in Argentina, as the …
Warren Buffett Announces Massive $11 Billion Purchase, Largest Deal In Years
Warren Buffett Announces Massive $11 Billion Purchase, Largest Deal In Years Harry Wilmerding on March 21, 2022 Warren Buffet announced a massive $11 billion acquisition …
Ukraine could lose $6 billion in grain exports with ports blocked
By Silvia Aloisi and Pavel Polityuk LVIV – Ukraine faces a possible grain revenue loss of $6 billion as the blockade of its ports by …
State Street’s SSGA set to lose $14 billion Hong Kong ETF mandate -sources
By Selena Li HONG KONG – Hong Kong Monetary Authority (HKMA) has decided to replace State Street Corp unit State Street Global Advisors (SSGA) as …
EU court to rule Sept. 14 on Google’s fight against record $4.8 billion EU fine
By Foo Yun Chee BRUSSELS – Europe’s second-highest court will rule on Sept. 14 on Alphabet unit Google’s challenge against a record 4.34 billion euros …
LSE owner sells wealth technology platform for $1 billion – Sky News
– The London Stock Exchange Group entered into a $1 billion deal to sell a wealth technology platform to a consortium of investors, Sky News …
Singapore REIT Mapletree Commercial Trust adds cash-only option to $3 billion merger
– Mapletree North Asia Commercial Trust’s unitholders will now have an option to receive consideration in cash from a proposed S$4.2 billion ($3.10 billion) merger …
Japan PM Kishida announces $42 billion investment in India
MUMBAI – Japanese Prime Minister Fumio Kishida on Saturday announced a 5 trillion yen ($42 billion) investment in India over the next five years during …
ADB to help Indonesia raise funding for new $32 billion capital city
JAKARTA – The Asian Development Bank (ADB) will assist in Indonesia’s planned $32 billion capital city relocation by mobilising financing and assessing the project’s environmental …
Russians have up to $213 billion stashed offshore in Swiss banks
By Oliver Hirt and Brenna Hughes Neghaiwi ZURICH – Switzerland’s secretive banks hold up to $213 billion of Russian wealth, the country’s financial industry association …
Sri Lanka signs $1 billion credit line with India
COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential …
Yum China boosts buyback plan by $1 billion
– Yum China Holdings Inc said on Thursday its board had raised the restaurant chain’s share repurchase plan by $1 billion to $2.4 billion. Shares …
Tesla delays over $1 billion bond sale backed by auto leases – Bloomberg News
– Electric-car maker Tesla Inc delayed a more than $1 billion offering of bonds backed by leases on its electric vehicles, Bloomberg News reported on …
Italy’s Intesa puts $6.3 billion of Russia, Ukraine loans under microscope
By Valentina Za MILAN – Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients amounted to 5.1 billion euros net of …
RISC-V chip technology firm SiFive raises $175 million, valued at $2.5 billion
By Jane Lanhee Lee – SiFive, Inc., a RISC-V chip technology startup in Silicon Valley, said on Wednesday it raised $175 million in its latest …
Verizon secures contracts worth nearly $1 billion from U.S. defense department
– Telecoms giant Verizon Communications Inc said on Wednesday it had secured new business worth almost $1 billion from the U.S. Department of Defense to …
Russian central bank sells $19 billion at ‘fine-tuning’ repo auction
– Russia’s central bank on Wednesday said it had provided banks with 2.05 trillion roubles ($18.97 billion) at a “fine-tuning” one-day repo auction, as it …
Malaysia’s AirAsia X completes debt restructure, to write back nearly $8 billion to profit
– Malaysia’s Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits …
Russia to spend $9 billion to rebuild supply chains, PM says
– Russia plans to spend 1 trillion roubles ($9 billion) on so-called anti-crisis measures, Prime Minister Mikhail Mishustin said on Tuesday, as the government tries …
Brazil government readies $32 billion of economic stimulus -sources
By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) …
Mercedes-Benz says Russian nationalisation could threaten $2.2 billion in assets
By Nick Carey LONDON – Mercedes-Benz has 2 billion euros ($2.2 billion) in assets that could be threatened by Russian proposals to nationalise the property …
Russia draft law raises doubt over fate of $10 billion of jets
By Tim Hepher and Jamie Freed – Russia published a draft law on Thursday that could prevent its airlines returning leased aircraft, raising the stakes …
German 2022 budget plans 100 billion in new borrowing – source
BERLIN – Germany’s draft budget for 2022 envisages just shy of 100 billion euros (dollars) in new borrowing, a person familiar with the budget planning …
IMF board to consider $1.4 billion in funding for Ukraine on Wednesday – Georgieva
WASHINGTON – The International Monetary Fund’s executive board is poised to approve on Wednesday $1.4 billion in emergency funding for Ukraine to help it respond …
Congress passes $50 billion U.S. Postal Service relief bill
By David Shepardson WASHINGTON -The U.S. Senate voted overwhelmingly on Tuesday to provide the long loss-making Postal Service (USPS) with about $50 billion in financial …
Google To Buy Cybersecurity Firm For $5.4 Billion
Google To Buy Cybersecurity Firm For $5.4 Billion Harry Wilmerding on March 8, 2022 Google announced Tuesday it was purchasing a cybersecurity leader for $5.4 …
Malaysia’s 2021 investments hit record $73 billion
KUALA LUMPUR – Malaysia approved a record 306.5 billion ringgit ($73.33 billion) in investments last year, an 83% jump from 2020 led by the manufacturing …
U.S. Congress to ‘explore’ Russian oil ban, enact $10 billion in aid for Ukraine this week -House Speaker Pelosi
WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi on Sunday said the chamber is “exploring” legislation to ban import of Russian oil and that …
Argentina bonds sink in snub to $45 billion IMF deal
By Walter Bianchi and Rodrigo Campos BUENOS AIRES/NEW YORK – Argentine sovereign bonds tumbled some 2.3% on Friday, a day after the government struck a …
Analysis-TD’s $13 billion M&A swoop extends U.S. footprint but raises cost, integration concerns
By Nichola Saminather TORONTO – TD Bank’s planned $13.4 billion purchase of First Horizon Corp would give it access to one of the fastest growing …
Wintershall Dea stops payments to Russia, writes off $1.1 billion Nord Stream 2 loan
By Christoph Steitz FRANKFURT – German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its …
EIB prepares 2 billion euro emergency support package for Ukraine
BRUSSELS – The European Investment Bank will formalise on Friday a 2 billion euro support package for Ukraine, of which 700 million euros will be …
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds …
Stellantis aims to double revenue to 300 billion euros by 2030
– Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted …
Russia to spend up to $10 billion from rainy-day fund on buying Russian shares, source says
– The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy …
Australia’s CBA to sell 10% stake in Bank of Hangzhou for $1.31 billion
– Commonwealth Bank of Australia, the country’s No. 1 lender, said it would sell a 10% stake of China’s Bank of Hangzhou for about A$1.8 …
Russian court rejects Google appeal against 7.2 billion rouble fine – Ifax
MOSCOW – A Russian court on Monday rejected an appeal by Alphabet Inc’s Google and upheld a 7.2 billion rouble ($73.39 million) fine over its …
BP slides as Russia exit plan may result in $25 billion bill
-Shares in BP fell nearly 7% on Monday after the British energy major revealed plans to sell its nearly 20% stake in Russian oil giant …
Biden administration to push congress for $6.4 billion in aid to Ukraine – Schumer
WASHINGTON – The Biden Administration will ask Congress for $6.4 billion dollars in economic and military aid to help Ukraine as it fights the Russian …
Founder of Fraudulent Cryptocurrency Charged in $2 Billion BitConnect Ponzi Scheme
Assistant U. S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa Sanniti, and Carl Brooker NEWS RELEASE SUMMARY – February 25, 2022 SAN DIEGO – …
Russian central bank increases daily limit on euro-rouble forex swaps to 3.5 billion euros
MOSCOW – The Russian central bank increased the daily limit for its foreign exchange swap operations in euros to 3.5 billion euros from 2 billion …
Key U.S. senator backs more than $10 billion to handle Ukraine crisis
By Patricia Zengerle WASHINGTON – Democratic U.S. Senator Chris Coons, who chairs the Senate subcommittee that oversees foreign aid, said on Friday he would support …
Russian central bank provides banks with $23 billion at 3-day repo auction
MOSCOW – Russia’s central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer …
German storms cause insurers losses of $1.6 billion
BERLIN – German insurers will have to pay around 1.4 billion euros ($1.57 billion) for nearly a million property units damaged in winter storms that …
Carvana to buy KAR Global’s U.S. vehicle auction business for over $2 billion
– Online used-car seller Carvana has agreed to buy KAR Global’s vehicle auction business in the United States for $2.2 billion to boost its physical …