JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $1.4 bln last month to $130.8 bln due to payments of foreign debt and the central bank’s effort to stabilise the …
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- US and World News
Moody’s says Credit Suisse could suffer $3 billion loss in 2022
by Reutersby ReutersBy Saeed Azhar NEW YORK (Reuters) – Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below …
- US and World News
Volkswagen plans over 1 billion euro investment in software JV in China – sources
by Reutersby ReutersBERLIN (Reuters) – Volkswagen is planning a significant investment in a joint venture in China for software production, sources with knowledge of the matter said on Thursday. An official announcement …
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Australia’s Magellan says $1 billion outflow due to client liquidity issue
by Reutersby ReutersSYDNEY (Reuters) – Australian fund manager Magellan Financial Group said a big client had redeemed about $1 billion in September to satisfy liquidity requirements as markets reeled late in the …
- US and World News
China finance ministry to issue an extra 5.5 billion yuan of treasury bonds in Hong Kong
by Reutersby ReutersHONG KONG (Reuters) – China’s finance ministry said on Thursday that it will issue an additional 5.5 billion yuan ($773.18 million) worth of yuan-denominated sovereign bonds in Hong Kong on …
- US and World News
Saudi Arabia’s PIF expected to raise $2.5-2.75 billion with debut bonds
by Reutersby ReutersDUBAI (Reuters) – Saudi Arabia’s Public Investment Fund is expected to raise between $2.5 billion and $2.75 billion in its debut bond sale that will make it the first sovereign …
- US and World News
UK investors pull record $2.7 billion from equity funds in September
by Reutersby ReutersBy Elizabeth Howcroft LONDON (Reuters) – UK-based investors pulled a record 2.4 billion pounds ($2.74 billion) from equity funds in September, funds network Calastone said on Wednesday. The net outflows …
- US and World News
Blackstone in talks to buy Emerson’s assets for up to $10 billion – Bloomberg News
by Reutersby Reuters(Reuters) – Emerson Electric Co is in talks with U.S. buyout firm Blackstone Inc to sell a part of its commercial and residential solution business assets, Bloomberg News reported on …
- US and World News
Sembcorp secures $3 billion shipbuilding contract from Brazil’s Petrobras
by Reutersby Reuters(Reuters) -Singapore’s Sembcorp Marine said on Wednesday its unit secured a $3.1 billion contract to build a vessel from Brazilian oil and gas producer Petroleo Brasileiro SA Petrobras. The P-82 …
- US and World News
Private firms, foundations to deposit $1 billion at minority, community lenders-Treasury
by Reutersby ReutersBy David Lawder WASHINGTON (Reuters) – The U.S. Treasury will announce on Tuesday that a coalition of private firms and foundations will deposit $1 billion into minority-owned and community development …
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ISTANBUL (Reuters) – Turkey’s trade deficit leapt 298% year-on-year in September to $10.384 billion, the Trade Ministry said on Tuesday, as surging energy import costs continue to widen the shortfall. …
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Swiss central bank steps up policy tightening as sight deposits drop $78 billion
by Reutersby ReutersBy John Revill ZURICH (Reuters) – Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the …
- US and World News
Gazprom shareholders approve record $21 billion dividend payout
by Reutersby ReutersMOSCOW (Reuters) -Gazprom shareholders backed Russia’s biggest ever dividend payout totalling 1.208 trillion roubles ($21 billion) at an extraordinary general meeting (EGM) of the state-controlled gas giant on Friday. Shareholders …
- US and World News
U.S. student loan relief to cost $30 billion a year over next decade, government says
by Reutersby ReutersWASHINGTON (Reuters) – The U.S. Education Department said on Thursday it estimates that the one-time student debt relief plan given by President Joe Biden in August will cost an average …
- US and World News
Saudi wealth fund’s Savvy Games Group to invest $37.8 billion
by Reutersby Reuters(Reuters) -Saudi Arabia’s Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for …
- US and World News
Spain aims to increase revenue by 3.14 billion euros with new tax plans
by Reutersby ReutersBy Belén Carreño MADRID (Reuters) -Spain’s government hopes to increase its tax take by 3.14 billion euros ($3 billion) next year with a series of measures including a temporary wealth …
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Bank of England buys 1.415 billion pounds of long-dated gilts
by Reutersby ReutersLONDON (Reuters) – The Bank of England bought 1.415 billion pounds ($1.55 billion)of British government bonds with maturities of more than 20 years on Thursday, the second day of a …
- US and World News
Indonesian sovereign wealth fund draws $20 billion in co-investments
by Reutersby ReutersBy Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) – Indonesia’s sovereign wealth fund has garnered more than $20 billion of co-investments from funds including Singapore’s GIC and Abu Dhabi Investment …
- US and World News
China offers loans of $42 billion for infrastructure spending
by Reutersby ReutersBEIJING (Reuters) – China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported …
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By Mike Stone WASHINGTON (Reuters) – The United States unveiled a $1.1 billion arms package for Ukraine’s battle with Russia that includes 18 High Mobility Artillery Rocket System (HIMARS) launcher …
- US and World News
Taiwan spent $8.25 billion to hold back currency depreciation in H1
by Reutersby ReutersTAIPEI (Reuters) – Taiwan’s central bank said on Wednesday that in the first half of this year it sold a net $8.25 billion to intervene in the foreign exchange market …
- US and World News
Norway to hike taxes by $3 billion on power firms, fish farms
by Reutersby ReutersOSLO (Reuters) – Norway’s centre-left government said on Wednesday it plans to increase taxes on electricity producers and fish farmers to raise an extra 33 billion crowns ($3 billion) a …
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MANILA (Reuters) – The Asian Development Bank plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a food crisis in Asia and …
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IRS Sent Out Over $1 Billion In Child Tax Credit Payments To The Wrong People
IRS Sent Out Over $1 Billion In Child Tax Credit Payments To The Wrong People Arjun Singh on September 27, 2022 The Internal Revenue Service (IRS) sent over $1.1 …
- Conservative TimesPoliticsUS and World News
Congress Stuffs $12 Billion In Ukraine Aid Into Government Funding Bill: REPORT
Congress Stuffs $12 Billion In Ukraine Aid Into Government Funding Bill: REPORT Micaela Burrow on September 26, 2022 Congress has complied with the Biden administration’s request to include $12 …