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Tag:

Billion

  • Top HeadlinesUS and World News

    Pelosi urges U.S. Congress to approve $33 billion in aid for Ukraine by end of May

    by Reuters May 8, 2022
    by Reuters May 8, 2022

    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 …

  • Financial News

    UK’s Capco and Shaftesbury in talks about $4 billion merger – Sky News

    by Reuters May 7, 2022
    by Reuters May 7, 2022

    (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 Reuters May 7, 2022
    by Reuters May 7, 2022

    (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 Reuters May 6, 2022
    by Reuters May 6, 2022

    By 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 …

  • Top HeadlinesUS and World News

    Singapore convicts two linked to $6 billion penny-stock crash

    by Reuters May 5, 2022
    by Reuters May 5, 2022

    SINGAPORE – 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 Reuters May 5, 2022
    by Reuters May 5, 2022

    By 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 …

  • Top HeadlinesUS and World News

    U.S. Energy Department to commit $2.25 billion to carbon storage program

    by Reuters May 5, 2022
    by Reuters May 5, 2022

    WASHINGTON – 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 Reuters May 4, 2022
    by Reuters May 4, 2022

    By 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 Reuters May 4, 2022
    by Reuters May 4, 2022

    By 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 Reuters May 4, 2022
    by Reuters May 4, 2022

    BRUSSELS – 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 …

  • Financial News

    Exxon Mobil to sell Romanian affiliate for over $1 billion to Romgaz

    by Reuters May 3, 2022
    by Reuters May 3, 2022

    (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 Reuters May 3, 2022
    by Reuters May 3, 2022

    By 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 …

  • Financial News

    Italy approves 14 billion euros of stimulus measures as growth outlook weakens

    by Reuters May 2, 2022
    by Reuters May 2, 2022

    ROME – 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, …

  • Financial News

    U.S. Treasury to pay down $26 billion in debt in Q2

    by Reuters May 2, 2022
    by Reuters May 2, 2022

    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, …

  • Financial News

    Google urges court to scrap $1.6 billion EU antitrust fine

    by Reuters May 2, 2022
    by Reuters May 2, 2022

    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 …

  • Financial News

    Brazil’s Itau Unibanco buys stake in XP Inc for $1.6 billion

    by Reuters April 29, 2022
    by Reuters April 29, 2022

    (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 …

  • Financial News

    Chile’s Codelco reports Q1 pre-tax profit of $1.521 billion

    by Reuters April 29, 2022
    by Reuters April 29, 2022

    (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 Reuters April 29, 2022
    by Reuters April 29, 2022

    NEW 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,” …

  • Financial News

    Musk sells Tesla shares worth $4.5 billion

    by Reuters April 29, 2022
    by Reuters April 29, 2022

    (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 …

  • Financial News

    Twitter deal could bolster lawsuit over Musk’s $56 billion Tesla pay

    by Reuters April 29, 2022
    by Reuters April 29, 2022

    By 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 Reuters April 29, 2022
    by Reuters April 29, 2022

    FRANKFURT – 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 Reuters April 28, 2022
    by Reuters April 28, 2022

    (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 Reuters April 28, 2022
    by Reuters April 28, 2022

    By 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 …

  • Financial News

    Swiss National Bank posts $34 billion loss as bond losses bite

    by Reuters April 28, 2022
    by Reuters April 28, 2022

    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 …

  • Top HeadlinesUS and World News

    Sanders seeks to cut $10 billion funding proposal for new NASA lunar lander

    by Reuters April 27, 2022
    by Reuters April 27, 2022

    By 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 …

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