By Jack Queen (Reuters) – Fox News on Thursday told a judge that Dominion Voting Systems has no evidence to support its “staggering” $1.6 billion damages claim in a defamation …
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Colombia gov’t to boost 2023 budget by $4.7 billion, minister says
by Reutersby ReutersBOGOTA (Reuters) – Colombia’s government is expected to hike its 2023 budget by some 23 trillion Colombian pesos ($4.71 billion) in a proposal to be sent to Congress Friday, the …
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Ternium CEO says could build new $2 billion steel plant in northern Mexico
by Reutersby ReutersMEXICO CITY (Reuters) – Steelmaker Ternium is considering building a new $2.2 billion steel production plant near its current Pesqueria site in northern Mexico, the company’s chief executive said Wednesday, …
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Hedge fund D. E. Shaw raises $1.1 billion for two private market funds
by Reutersby Reuters(Reuters) – Hedge fund D. E. Shaw Group said on Tuesday it had raised a total of $1.1 billion for two of its new funds focused on investing in private …
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Saudi Arabia’s PIF says U.S. stocks value falls nearly $6 billion in fourth quarter
by Reutersby ReutersBy Yousef Saba DUBAI (Reuters) – Saudi Arabia’s sovereign Public Investment Fund held $30.9 billion worth of U.S. stocks at the end of 2022, down from $36.8 billion at the …
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Samsung Electronics to borrow $16 billion from Samsung Display unit
by Reutersby ReutersSEOUL (Reuters) – Samsung Electronics plans to borrow 20 trillion won ($15.78 billion) from unit Samsung Display to use as operational funds, the tech giant said in a regulatory filing …
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BYD to build $1.2 billion EV battery plant in central China – website
by Reutersby ReutersSHANGHAI (Reuters) – BYD, the world’s largest maker of electrified vehicles, plans to invest $1.2 billion to build a new factory for its batteries in China, according to environmental appraisal …
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By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to $84.1 billion, a business group …
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WASHINGTON — U.S. Customs and Border Protection agriculture specialists have reached 1.15 billion cut flower inspections this season as the country moves toward Valentine’s Day. U.S. Customs and Border Protection Office …
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Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter
by Reutersby ReutersBy Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the …
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Biden Admin Gives $2 Billion Green Energy Loan To Tesla Co-Founder’s New Firm
Biden Admin Gives $2 Billion Green Energy Loan To Tesla Co-Founder’s New Firm John Hugh DeMastri on February 9, 2023 Redwood Materials, a U.S-based battery materials company founded by Tesla …
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U.S. set to loan Redwood Materials $2 billion for EV materials plant
by Reutersby ReutersBy Paul Lienert and David Shepardson (Reuters) -The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build …
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Colombia unveils four-year development plan worth nearly $250 billion
by Reutersby ReutersBOGOTA (Reuters) – Colombia’s government on Monday presented a $247.1 billion four-year development plan to the country’s lawmakers, laying out details of its projected social and economic investments. The so-called …
- US and World News
Maduro negotiator says Venezuela government, opposition making progress on $3.2 billion humanitarian fund
by Reutersby ReutersBy Vivian Sequera CARACAS (Reuters) – Venezuela’s governing and opposition parties are making progress toward the creation of a $3.2 billion U.N.-administrated fund that would aim to use the country’s …
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AI startup Cohere in talks to raise funding at $6 billion plus valuation -sources
by Reutersby ReutersBy Krystal Hu (Reuters) – Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to raise hundreds of millions of dollars in a funding round …
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Ukraine’s allies push IMF to approve $14 billion-$16 billion loan – FT
by Reutersby Reuters(Reuters) – Ukraine’s allies are pushing the International Monetary Fund (IMF) to finalise plans for a multibillion-dollar lending programme, the Financial Times reported on Friday. IMF representatives are planning to …
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Boeing gets $1.62 billion contract to provide support for Minuteman III missile
by Reutersby Reuters(Reuters) – Boeing Co has been awarded a $1.62 billion U.S. Air Force contract to provide guidance subsystem support for Minuteman III Intercontinental Ballistic Missile, the U.S. Department of Defense …
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NEW DELHI (Reuters) – India’s Adani Enterprises called off its $2.5 billion share sale on Wednesday, citing market conditions, amid an ongoing rout in the wider Adani Group’s stocks sparked …
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NEW DELHI (Reuters) – India’s Adani Enterprises on Wednesday called off its $2.5 billion share sale, citing market conditions, a week after a U.S. short-seller’s critical report unleashed a rout …
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Big Pharma Is Hoarding Over $1 Billion In Payments For Cancelled Vax Doses: REPORT
Big Pharma Is Hoarding Over $1 Billion In Payments For Cancelled Vax Doses: REPORT Laurel Duggan on February 1, 2023 Pharmaceutical companies have been withholding $1.4 billion in advance payments …
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Russians’ deposits with foreign banks jumped to almost $82 billion in Jan-Nov
by Reutersby ReutersMOSCOW (Reuters) – Russians’ deposits with non-resident banks increased by around 2.5 times between January and November last year to almost 5 trillion roubles, around $82 billion according to the …
- US and World News
UK passing $23 billion pension reform bill to workers, unions tell London court
by Reutersby ReutersLONDON (Reuters) – Two British trade unions challenging changes to public sector pensions told a London court on Tuesday that the government was unlawfully passing the 19-billion-pound ($23 billion) cost …
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Turkey expects to collect $5.32 billion in debt restructuring before elections
by Reutersby ReutersANKARA (Reuters) – Turkey’s government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring of public debt worth 1 trillion lira under a draft …
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Rheinmetall moving towards order backlog of 30 billion euros – CEO
by Reutersby ReutersBy Sabine Siebold and Anneli Palmen DUESSELDORF (Reuters) – German arms maker Rheinmetall had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO …
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Canada records C$3.55 billion budget deficit over first eight months of 2022/23
by Reutersby ReutersOTTAWA, Jan 27 (Reuters) – Canada recorded a C$3.55 billion ($2.67 billion) budget deficit for the first eight months of the 2022/23 fiscal year, partly due to higher debt charges, …