Billion

Miami, Florida – Two financial asset managers have been charged with money laundering for their alleged role in a $1.2 billion international scheme to launder funds corruptly obtained from Venezuela’s …

By Kane Wu HONG KONG – Alibaba’s supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up …

SANTIAGO – Chile’s government on Monday announced a $1.2 billion economic aid plan that includes bonuses and labor subsidies as the Andean nation struggles with surging inflation and an economic …

By Krystal Hu and Chibuike Oguh (Reuters) – Private equity firm BC Partners Ltd is exploring a sale of Presidio Inc, which could value the U.S. information technology provider at …

PARSIPPANY, N.J., July 11, 2022 — PBF Energy Inc. (NYSE: PBF) today announced that its indirect subsidiary, PBF Holding Company LLC (“PBF Holding”), has fully redeemed all of the $1.25 billion …

By Greg Roumeliotis (Reuters) – Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy …

NEWARK, N.J. – A federal grand jury has indicted a Florida man for allegedly orchestrating a scheme over many years to traffic in counterfeit Cisco networking equipment with an estimated …

DUBLIN – Aircraft lessor SMBC Aviation Capital on Friday recorded an impairment of $1.6 billion to cover the full financial impact of having 34 jets stuck in Russia after European …

By Jonathan Stempel NEW YORK – The wife of hedge fund founder John Paulson has sued him for at least $1 billion, claiming he is trying to hide billions of …

JAKARTA – Indonesia’s foreign exchange reserves increased to $136.4 billion in June, equivalent to 6.6 months worth of imports and up from $135.6 billion a month earlier, the central bank …

By John McCrank and Megan Davies (Reuters) – Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on …

HANOI – Vietnam and South Korea aim to raise the value of bilateral trade between the countries to $100 billion next year and to $150 billion by 2030, up from …

By Divya Rajagopal TORONTO – Canada’s antitrust authority, Rogers Communications and Shaw Communications will begin two-day negotiations on Monday to discuss possible remedies to the contested C$20 billion ($15.5 billion) …

By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing investors led by …

FBI Adds ‘Cryptoqueen’ Accused Of Defrauding Investors Out Of $4 Billion To Ten Most Wanted List Gabe Kaminsky on July 1, 2022 A German woman who allegedly defrauded investors out …

BRASILIA – Brazil’s trade surplus reached $8.814 in June, official figures showed on Friday, below market expectations. Economists polled by Reuters had projected a $9.994 billion surplus for the month. …

LAKEWOOD, NJ – Avi Schnall, the New Jersey Director of Agudath Israel of America today applauded Governor Phil Murphy’s massive $50.6 billion budget as it provides some key funding for …

MILAN – Italy’s state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of non-performing leasing credits with a …

(Reuters) -Costco Wholesale Corp said on Thursday it bought the 45% stake it did not already own in its Taiwan joint venture, Costco-Taiwan, for $1.05 billion. The deal, executed through …

(Reuters) – Australia’s Austal Ltd said on Friday it secured a $3.3 billion contract to design and construct 11 offshore patrol cutters (OPC) for the United States Coast Guard. The …