Moncler 2021 sales top 2 billion euros, beating expectations
MILAN – Sales at Italian luxury outwear maker Moncler grew by 30% in the key final quarter of 2021 and 44% for the full year …
Billion
Russian central bank raises limit on banks’ outstanding debt under repo to $50 billion
MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from …
U.S. farm exports to rise to record $183.5 billion in FY 2022
CHICAGO – The value of U.S. farm exports will reach a record $183.5 billion in 2022, the government said on Thursday. Overseas demand from traditional …
Russian budget has extra $53 billion in free funds, pledges financial stability
MOSCOW – Russian government has over 4.5 trillion roubles ($53 billion) of freely available budget funds and has enough resources to secure macroeconomic stability and …
Insight Partners raises $20 billion for twelfth flagship fund
– Insight Partners said on Thursday it has raised $20 billion for its twelfth flagship fund as the New York-based private equity and venture capital …
U.S. governors urge swift action on $52 billion chip funding bill
By David Shepardson – A bipartisan group of 22 governors Thursday urged leaders in Congress to move quickly to finalize $52 billion in government funding …
Russian central bank increases daily dollar offer via forex swap to $5 billion
MOSCOW – The Russian central bank increased daily dollars offered via foreign exchange swap operations with banks to $5 billion from $3 billion, it said …
Kuwaiti govt owes public entities 2.35 billion dinars – finance ministry
By Ahmed Hagagy KUWAIT -Kuwait’s government owes 2.35 billion dinars ($7.78 billion) in late payments to public entities, according to the finance ministry, in a …
Brookfield in talks to buy First Abu Dhabi Bank’s payments arm in $1 billion deal – Bloomberg News
– Canada’s Brookfield Asset Management Inc is in talks to buy the payments business of UAE’s biggest lender First Abu Dhabi Bank PJSC, Bloomberg News …
Digital, circular economy can earn Thailand $3.4 billion a year extra – World Bank
BANGKOK – Digital and disruptive technologies and development of a circular economy can earn Thailand up to $3.4 billion each year in additional investments, savings …
South Korea parliament approves $14 billion extra budget before election
SEOUL – South Korea’s National Assembly approved a 16.9-trillion-won ($14.2 billion) supplementary budget on Monday aimed partly at funding the response to COVID-19 and supporting …
Japan’s record $940 billion budget set for parliament approval in March
TOKYO – A key Japanese parliamentary committee on Monday approved the government’s record $940 billion initial spending plan for the next fiscal year, setting the …
Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News
– Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has …
Italy approves 8 billion euro package to help economy, curb energy bills
By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms …
Exxaro, China’s CNIC vie with AIIM for $2 billion African power firm Lekela – sources
(Refiling to add dropped words ‘utility-scale’ before wind farm, paragraph 5) By Isla Binnie and Emma Rumney JOHANNESBURG – South African miner Exxaro and Chinese …
India, UAE eye $100 billion in annual trade after signing trade pact
By Manoj Kumar and Alexander Cornwell NEW DELHI/DUBAI -India and the United Arab Emirates signed a broad trade and investment pact on Friday that will …
Wall Street Giant Swallows Up 12,000 More Apartments For $5.8 Billion
Blackstone Inc. bought out Preferred Apartment Communities and the 12,000 apartments it owned in the Southeast for $5.8 billion, according to The Wall Street Journal. …
‘May be soon’: Argentina’s $40 billion IMF deal trundles closer despite push-back
By Jorge Otaola and Adam Jourdan BUENOS AIRES – Argentina’s deal with the International Monetary Fund (IMF) to refinance over $40 billion in debts is …
doValue says bids due next week for 5 billion euro Greek bad loan portfolio
MILAN -Non-binding offers for a non-performing loan (NPL) portfolio worth around 5 billion euros ($5.7 billion) put on the block by Greece’s bad bank liquidator …
Russia’s Lukoil spends $1.5 billion to raise stake in Azeri gas project
MOSCOW – Russia’s second-largest oil producer Lukoil has closed a deal to buy a 9.99% stake in Azerbaijan’s Shah Deniz natural gas project from Malaysian …
Ternium says to invest $1 billion in Mexico expansion
MEXICO CITY – Steel producer Ternium plans to spend around $1 billion on expanding its plant in northern Mexico, a top executive said during a …
Cryptocurrency firm Circle doubles valuation to $9 billion in tweaked SPAC deal
-Cryptocurrency operator Circle Internet Financial said on Thursday it was valued at $9 billion under new deal terms with Concord Acquisition Corp, a blank-check firm …
Insurer NN Group plans 1 billion euros share buyback as demand remains strong
AMSTERDAM – Dutch insurer NN Group on Thursday announced a 1 billion euros ($1.14 billion) share buyback, as demand for insurance remained strong in the …
Honduras’ Congress approves $2 billion in borrowing under new leader
TEGUCIGALPA – Congress in Honduras has authorized the government to borrow up to $2 billion in 2022 and 2023 in domestic and foreign debt under …
Morocco to spend $1 billion to mitigate drought impact- palace
RABAT – Morocco will spend 10 billion dirhams ($ 1.07 bln) on a national plan to mitigate the impact of drought on farmers and the …
Turkey gets $3 billion in first dollar debt sale since lira crash
By Yousef Saba DUBAI -Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since September, before unorthodox rate-cutting …
Ecuador says mining exports nearly doubled in value in 2021 to $2 billion
By Alexandra Valencia QUITO – Ecuador’s mining exports in 2021 nearly doubled in value from the previous year to $2.09 billion, beating government expectations, the …
Ukraine’s Metinvest to invest $1 billion in new production facilities in 2022
KYIV – Ukraine’s largest steelmaker Metinvest BV plans to invest $1 billion this year in modernisation and new production facilities, majority owner Rinat Akhmetov said …
Turkey’s Ziraat Bank raises capital to 34.9 billion lira
ISTANBUL – The capital of Turkey’s Ziraat Bank will be raised to 34.9 billion lira ($2.57 billion) according to footnotes of the bank’s annual financial …
Intel expands in specialty chipmaking with $5.4 billion deal for Israel’s Tower
By Steven Scheer JERUSALEM -Intel Corp is buying Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, giving it access to more …
France can afford to cut business tax by 10-15 billion euros – minister
PARIS – France can only afford to cut business tax by another 10 billion to 15 billion euros without putting its public deficit reduction plans …
Musk donated over $5.7 billion in Tesla shares to charity in Nov
By Hyunjoo Jin SAN FRANCISCO -Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity …
Brazil’s Vale drops $1.2 billion claim in Steinmetz dispute
By Gram Slattery and Marta Nogueira RIO DE JANEIRO – Brazilian mining company Vale SA has dropped a $1.2 billion claim against individuals and entities …
Saudi PIF held nearly $56 billion of U.S.-listed stocks in December 2021
DUBAI – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S.-listed stocks as of December last year, up from $43.4 billion at …
Saudi Arabia transfers Aramco shares worth $80 billion to state fund
By Hadeel Al Sayegh and Moataz Mohamed DUBAI -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion …
India files complaint against ABG Shipyard alleging $3 billion bank fraud
By Nidhi Verma NEW DELHI – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of …
Biden Administration Rolls Out $3 Billion EV Battery Program
The Biden administration will invest nearly $3 billion to fund domestic battery manufacturing projects in the coming months, the Department of Energy announced Friday. The …
U.S. energy department advances $6 billion nuclear plant program
By Timothy Gardner WASHINGTON – The U.S. Department of Energy said on Friday it is seeking input from utilities, communities and advocates as it develops …
U.S. plans to free half of $7 billion in frozen Afghan funds for aid
By Andrea Shalal and Doina Chiacu WASHINGTON – The United States is seeking to free up half of the $7 billion in frozen Afghan central …
BAT sales jump on vaping, oral nicotine; announces 2 billion stg buyback
LONDON -British American Tobacco on Friday reported a 7% rise in full-year adjusted revenue to 25.7 billion pounds ($34.8 billion), helped by sales of e-cigarettes …
Purdue’s Sacklers consider adding another $1 billion to opioid settlement – Bloomberg News
– Members of the billionaire Sackler family that owns Purdue Pharma are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid …
U.S. unveils $5 billion plan to fund EV charging network
By David Shepardson WASHINGTON -The Biden administration on Thursday unveiled its plan to award nearly $5 billion over five years to build thousands of electric …
U.S. posts $119 billion budget surplus in January; first in over 2 years
– The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts …
EU earmarks 150 billion euros for investment in Africa
DAKAR -The European Union has earmarked over 150 billion euros ($170 billion) for investments in Africa under a global fund launched to offer an alternative …
ArcelorMittal raises dividend, announces new $1 billion capital return
By Marine Strauss BRUSSELS – ArcelorMittal, the world’s second largest steelmaker, said on Thursday it would increase its dividend and announced a new $1 billion …
UK retailers cut $10 billion of contracts from unethical suppliers – Barclays
LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their …
Drugmaker Teva may pay as much as $3.6 billion in U.S. opioid settlement
By Steven Scheer JERUSALEM -Teva Pharmaceutical Industries said on Wednesday it was bracing to pay as much as $3.6 billion in cash and medicine to …
Siemens agrees to sell logistics business to Koerber in 1.15 billion euro deal
ZURICH – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price …
Equinor shareholders to get $10 billion payout as energy prices soar
By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax …
Amazon must adhere to UK supplier rules after grocery turnover tops 1 billion pounds
LONDON – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers …