STOCKHOLM – Ericsson on Thursday closed its $6.2 billion Vonage acquisition, nearly a month after it was delayed due to a pending investigation by a U.S. national security panel. The …
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Explainer-How will Rogers’ C$20 billion contested bid for Shaw play out
by Reutersby ReutersBy Divya Rajagopal TORONTO – Rogers Communications faces a tough antitrust regulator and a July 31 deadline to close its C$20 billion ($15.5 billion) acquisition of Calgary-based Shaw Communications. With …
- Financial News
Belgian raises 1.42 billion euros from 5G mobile licence auction
by Reutersby ReutersBRUSSELS – Belgium has raised 1.42 billion euros ($1.44 billion) from its auction of new 5G mobile phone licences, with a fourth operator set to enter the consumer market, telecoms …
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Biden to outline $37 billion funding request for crime prevention
by Reutersby ReutersWASHINGTON – President Joe Biden will lay out plans on Thursday to ask Congress for $37 billion for crime prevention programs as he seeks to address one of the top …
- Financial News
Zara founder Ortega’s real estate assets worth $15.5 billion in 2021
by Reutersby ReutersMADRID – The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets’ market value rose by over …
- Financial News
China approves projects worth $50 billion after easing environment rules
by Reutersby ReutersSHANGHAI – China has fast-tracked the approval of construction projects worth more than 380 billion yuan ($56.22 billion) after relaxing its environmental rules last month, but will still show “zero …
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(Reuters) – China’s cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated laws including ones pertaining to …
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Blackstone draws over $24 billion commitments for latest real estate fund
by Reutersby Reuters(Reuters) – Buyout giant Blackstone Inc has secured commitments worth $24.1 billion for its latest real estate fund, according to a regulatory filing on Wednesday. The size of the new …
- Financial News
SkyWater unveils plans to build $1.8 billion chip facility in Indiana
by Reutersby ReutersBy Jane Lanhee Lee (Reuters) – U.S. semiconductor manufacturer SkyWater Technology Inc on Wednesday announced plans to invest $1.8 billion for a chip research and production facility in Indiana, in …
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Exclusive-India central bank prepared to spend $100 billion more defending rupee – source
by Reutersby ReutersBy Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI -India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation …
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KfW credit line for Uniper could be raised to 8 billion eur – Handelsblatt
by Reutersby ReutersBERLIN – The credit line facility by Germany’s state-owned KfW bank for gas importer Uniper is planned to be raised to 8 billion euros ($8.2 billion) from 2 billion, Handelsblatt …
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Latin American development bank approves $1.65 billion in financing for 5 countries
by Reutersby ReutersPANAMA CITY – The CAF-Development Bank of Latin America said on Tuesday it has approved $1.65 billion in financing for Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago, and the …
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Importers paid $32 billion in U.S. tariffs on China tech imports-industry report
by Reutersby ReutersBy David Lawder WASHINGTON – Importers of technology products from China paid over $32 billion worth of tariffs imposed by President Donald Trump between mid-2018 to the end of 2021, …
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Judge sets October trial to decide Musk’s $44 billion deal for Twitter
by Reutersby Reuters(Reuters) – Twitter Inc’s lawsuit seeking to hold Elon Musk to his $44 billion takeover will go to trial in October, a Delaware judge ruled on Tuesday. (Reporting by Tom …
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Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine
by Reutersby ReutersALGEIRS – Algeria’s Sonatrach and its partners Occidental, TotalEnergies and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s …
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Infratil’s Vodafone NZ to sell mobile tower assets for $1.1 billion
by Reutersby Reuters(Reuters) – New Zealand’s infrastructure investment company Infratil Ltd said on Monday Vodafone New Zealand would sell its passive mobile tower assets for NZ$1.7 billion ($1.05 billion) to funds managed …
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India’s COVID vaccinations hit 2 billion, new cases at four-month high
by Reutersby ReutersNEW DELHI – The Indian government’s COVID-19 vaccinations hit 2 billion on Sunday, with booster doses underway for all adults, as daily infections hit four-month high, official data showed. Prime …
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Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects
by Reutersby ReutersMANILA – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth $4.90 billion, an official said …
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China will agree to $4 billion aid for Sri Lanka ‘at some point’ – Bloomberg News
by Reutersby Reuters(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing …
- Financial News
U.S. oil mergers drop to $12 billion as volatility limits deals
by Reutersby ReutersBy Laila Kearney NEW YORK – U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion …
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Business development results spike following key additions to sourcing and engagement team LOS ANGELES, July 13, 2022 — Cetera Financial Group, one of America’s largest networks of financial professionals, announced …
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U.S. online sales during Amazon’s Prime Day jump to $12 billion- report
by Reutersby Reuters(Reuters) – U.S. online sales during Amazon.com Inc’s Prime Day shopping event jumped 8.5% from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, …
- Financial News
Emerging market fund Ashmore shares hit 13-yr low as investors pull out cash
by Reutersby ReutersLONDON -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from its funds after a torrid …
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Mexico Pledges $1.5 Billion To U.S. For Border Security Amid Migrant, Drug Surge
Mexico Pledges $1.5 Billion To U.S. For Border Security Amid Migrant, Drug Surge Jennie Taer on July 13, 2022 Mexican President Andres Manuel Lopez Obrador pledged $1.5 billion for U.S. …
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(Reuters) – Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash …