WASHINGTON – U.S. House of Representatives Speaker Nancy Pelosi on Sunday told CBS that Congress needs to pass by the end of the month a bill that would give Ukraine …
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- Financial News
UK’s Capco and Shaftesbury in talks about $4 billion merger – Sky News
by Reutersby Reuters(Reuters) – London’s West End focused commercial landlords Capital & Counties Properties Plc and Shaftesbury Plc are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News …
- Financial News
Canada’s Commissioner of Competition plans to oppose Rogers, Shaw $16 billion merger
by Reutersby Reuters(Reuters) – Canada’s Commissioner of Competition intends to oppose Rogers Communications Inc’s proposed C$20 billion ($16 billion) merger with Shaw Communications Inc, the companies said in a statement early Saturday. …
- Financial News
Bausch + Lomb valued at $6.5 billion after stock ticks up in NYSE debut
by Reutersby ReutersBy Niket Nishant (Reuters) -Bausch + Lomb was valued at $6.48 billion in its U.S. market debut on Friday as the eye-care company’s shares opened nearly 3% above an offer …
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Singapore convicts two linked to $6 billion penny-stock crash
by Reutersby ReutersSINGAPORE – Singapore’s high court has convicted two people over what authorities consider to be the largest market manipulation case in the city-state, a joint statement by the Singapore police …
- Financial News
Brazil’s Petrobras posts $9 billion profit as Bolsonaro rails against company
by Reutersby ReutersBy Gram Slattery and Roberto Samora RIO DE JANEIRO – Brazil’s Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed …
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U.S. Energy Department to commit $2.25 billion to carbon storage program
by Reutersby ReutersWASHINGTON – The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday. The funding …
- Financial News
Financial firms face $225 billion in water-related losses, analysis estimates
by Reutersby ReutersBy Simon Jessop and Tommy Wilkes LONDON – Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to …
- Top HeadlinesUS and World News
Stanford University given $1.1 billion by venture capitalist for climate change school
by Reutersby ReutersBy Kanishka Singh (Reuters) – Stanford University received $1.1 billion, its largest ever gift, from venture capitalist John Doerr to fund a new school focused on climate change, fueling a …
- Financial News
EU clears $11.6 billion German scheme for companies hit by Russia sanctions
by Reutersby ReutersBRUSSELS – EU competition regulators on Wednesday approved a 11-billion-euro ($11.58 billion) German scheme to help companies hit by sanctions against Russia, similar to those proposed recently by other EU …
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Exxon Mobil to sell Romanian affiliate for over $1 billion to Romgaz
by Reutersby Reuters(Reuters) -Exxon Mobil Corp said on Tuesday it will sell its Romanian upstream unit to gas producer Romgaz for over $1 billion as the oil major focuses its investment on …
- Financial News
Exclusive-Coca-Cola African bottler’s $3 billion IPO delayed by Ukraine turmoil
by Reutersby ReutersBy Promit Mukherjee and Emma Rumney JOHANNESBURG – Coca-Cola’s estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after …
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Italy approves 14 billion euros of stimulus measures as growth outlook weakens
by Reutersby ReutersROME – Italy on Monday approved a new stimulus package worth 14 billion euros ($14.71 billion) to shield firms and families from the economic impact of the war in Ukraine, …
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NEW YORK – The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January borrowing estimate of $66 billion, …
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By Foo Yun Chee BRUSSELS – Alphabet unit Google on Monday urged Europe’s second-highest court to dismiss a 1.49-billion-euro ($1.6 billion) fine imposed by EU antitrust regulators three years ago …
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(Reuters) – Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 billion). The deal does not …
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(Reuters) – Chilean copper producer Codelco posted on Friday a first quarter pre-tax profit of $1.521 billion, a 7% decrease from the year-ago period. The state-owned company’s quarterly production totaled …
- Financial News
IMF approves new $9.8 billion flexible credit line for Colombia
by Reutersby ReutersNEW YORK – The International Monetary Fund on Friday approved a $9.8 billion Flexible Credit Line (FCL) for Colombia, which the South American country said will be treated as “precautionary,” …
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(Reuters) – Tesla Inc Chief Executive Officer Elon Musk sold about 5.23 million shares in the electric vehicle maker, worth about $4.5 billion, in multiple open market sales on April …
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Twitter deal could bolster lawsuit over Musk’s $56 billion Tesla pay
by Reutersby ReutersBy Tom Hals (Reuters) – Elon Musk’s $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO’s $56 billion pay …
- Financial News
Continental plans price hikes due to $3.7 billion extra costs in 2022
by Reutersby ReutersFRANKFURT – German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) this year due to COVID-19 …
- Financial News
Activision Blizzard shareholders approve $68.7 billion Microsoft deal
by Reutersby Reuters(Reuters) – Videogame publisher Activision Blizzard Inc said on Thursday that its shareholders approved Microsoft Corp’s $68.7 billion proposal to buy the “Call of Duty” maker. More than 98% of …
- Financial News
China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
by Reutersby ReutersBy Julie Zhu and Scott Murdoch HONG KONG – Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in a Hong Kong listing this …
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ZURICH – The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the …
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Sanders seeks to cut $10 billion funding proposal for new NASA lunar lander
by Reutersby ReutersBy Joey Roulette and David Shepardson WASHINGTON – U.S. Senator Bernie Sanders asked lawmakers to delete language from a bill that would fund development of a new lunar lander for …