(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with …
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European tech industry loses $400 billion market value, report says
by Reutersby ReutersBy Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – The European tech industry saw $400 billion in value wiped out this year and an 18% decline in venture capital funding, …
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India foodgrain subsidy bill to surge 30% to $33 billion this year – source
by Reutersby ReutersBy Nikunj Ohri New Delhi (Reuters) – India’s spending on subsidised foodgrain to the poor may rise to 2.7 trillion rupees ($32.74 billion) this fiscal year, as the government continues …
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Taiwanese Chip Giant Invests $30 Billion In Arizona Ahead Of Biden Visit
Taiwanese Chip Giant Invests $30 Billion In Arizona Ahead Of Biden Visit John Hugh DeMastri on December 6, 2022 The Taiwan Semiconductor Manufacturing Company (TSMC) announced Tuesday that it was …
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MADRID (Reuters) -Spain will lend Airbus 2.14 billion euros ($2.26 billion) to help the company to develop its military drone and helicopter programmes in the country, Industry Minister Reyes Maroto …
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Russian banks snap up $17.7 billion at central bank repo auctions
by Reutersby ReutersMOSCOW (Reuters) – Russian banks raised 1.1 trillion roubles ($17.71 billion) at repo auctions held by the central bank on Monday, demonstrating sustained demand for cash as the government borrows …
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Saudi Aramco’s Luberef expects to raise up to $1.32 billion from IPO
by Reutersby ReutersBy Yousef Saba DUBAI (Reuters) – Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from its initial public offering, it …
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Pakistan repays $1 billion international bond -central bank spokesman
by Reutersby ReutersBy Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan repaid a $1 billion international bond, the central bank spokesman said on Friday, amidst growing uncertainty about the country’s ability to meet …
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France to release 5 billion euros of SDRs to vulnerable countries under G20 programme
by Reutersby ReutersPARIS (Reuters) – France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights (SDRs), worth about 5 billion euros ($5.26 billion), to the world’s most vulnerable countries …
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Florida Takes $2 Billion Away From BlackRock Due To Firm’s Activist Investing Standards
Florida Takes $2 Billion Away From BlackRock Due To Firm’s Activist Investing Standards Jack McEvoy on December 1, 2022 Florida’s Chief Financial Officer Jimmy Patronis announced Thursday that the state …
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Analysis-Ghana overhaul a test for $1 billion World Bank-backed debt
by Reutersby ReutersBy Jorgelina do Rosario LONDON (Reuters) – Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the …
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Credit Suisse shares get closer to offer price in $2.4 billion cash call
by Reutersby ReutersMILAN (Reuters) – Credit Suisse shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 billion) rights issue the loss-making …
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By Isla Binnie NEW YORK (Reuters) – Investments into protecting and better managing the world’s ecosystems need to reach $384 billion a year by 2025, more than double their current …
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Exclusive-Ex-Tiger Global partner John Curtius to raise $1 billion for new venture capital fund -source
by Reutersby ReutersBy Krystal Hu (Reuters) -John Curtius, a former partner at investment firm Tiger Global, is in talks with institutional investors to raise $1 billion for his new venture fund Cedar …
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The Biden Admin’s Student Loan Repayment Pause Could Cost Almost $300 Billion, Experts Say
The Biden Admin’s Student Loan Repayment Pause Could Cost Almost $300 Billion, Experts Say Reagan Reese on November 30, 2022 The Biden administration’s recent extension of the student loan repayment …
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(Reuters) – Corteva Inc will buy biologicals firm Stoller Group Inc for $1.2 billion in cash, the companies said on Wednesday, as it looks to expand its crop protection business. …
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Analysis-RBC tightens grip at home with $10 billion HSBC Canada bid, regulatory risks loom
by Reutersby ReutersBy Divya Rajagopal and Saeed Azhar TORONTO/NEW YORK (Reuters) – Royal Bank of Canada’s swift move to buy HSBC’s Canada unit for C$13.5 billion ($10 billion) strengthens its pole position …
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CDC awards over $3 billion to strengthen U.S. public health infrastructure
by Reutersby Reuters(Reuters) – The Centers for Disease Control and Prevention (CDC) said on Tuesday it is awarding more than $3 billion to help strengthen public health workforce and infrastructure across the …
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Brazil central govt posts primary budget surplus of $5.8 billion in October
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s central government posted a primary budget surplus of 30.8 billion reais ($5.8 billion) in October, Treasury data showed on Tuesday, above the 25.7 billion reais surplus …
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Spain to raise 2 billion euros less from bank, energy taxes, De Cos says
by Reutersby ReutersBy Jesús Aguado MADRID (Reuters) -The Bank of Spain estimates the government will raise a combined 5 billion euros ($5.2 billion) by 2024 from its proposed taxes on Spanish banks …
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Evergrande to sell Shenzhen commercial plot for $1.05 billion amid debt woes
by Reutersby Reuters(Reuters) – China Evergrande Group said on Monday its unit has entered into a deal to sell a piece of commercial land in Shenzhen for 7.54 billion yuan ($1.05 billion), …
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Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy’s defence minister says
by Reutersby ReutersMILAN (Reuters) -A consortium of defence group Leonardo and commercial vehicle maker Iveco has won an order to supply Brazil’s army with 220 armoured vehicles worth up to 2 billion …
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Canada posts C$1.72 billion surplus over first six months of 2022/23
by Reutersby ReutersOTTAWA, NOV 25 (Reuters) – Canada recorded a C$1.72 billion ($1.29 billion) budget surplus for the first six months of the 2022/23 fiscal year, helped by higher tax revenues, the …
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By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan will repay a $1 billion international bond on Dec. 2, three days before its due date, the governor of Pakistan’s central bank …
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BRASILIA (Reuters) – Brazil’s current account deficit in October came slightly lower than expected, central bank data showed on Friday, in the wake of a better trade balance surplus and …