Actively managed ETFs drew $9.8 billion in August -Morningstar
(Reuters) – Flows into actively managed exchange traded funds (ETFs) outpaced those into their passively managed counterparts last month, data from Morningstar showed, continuing a …
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Alibaba tells Erdogan it plans to invest $2 billion in Turkey
ISTANBUL (Reuters) -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, …
Valero Energy authorizes share repurchase of up to $2.5 billion
(Reuters) – Refiner Valero Energy on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date. The buyback would be in …
SoftBank-backed Neumora valued at $2.51 billion in lukewarm debut
By Jaiveer Shekhawat (Reuters) -Shares of Neumora Therapeutics, which is backed by Amgen and Japan’s SoftBank, fell in their market debut on Friday, giving the …
Fed losses breach $100 billion as interest costs rise
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they’re …
Euro zone banks to repay 34 billion of ECB loans
FRANKFURT (Reuters) – Euro zone banks will repay early another 34.2 billion euros in multi-year loans from the European Central Bank, shedding central bank liquidity …
Abcam founder seeks to block $5.7 billion Danaher deal
(Reuters) -Abcam Plc founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher’s proposed $5.7 billion acquisition of the company, as …
National Carwash Solutions explores $3 billion sale -sources
By Abigail Summerville NEW YORK (Reuters) – National Carwash Solutions’ private equity owner is exploring a sale of the U.S. carwash equipment provider that could …
‘I Have A Bridge For You’: GOP Rep Calls Out Witness For Defending Biden’s $6 Billion ‘Ransom’ To Iran
‘I Have A Bridge For You’: GOP Rep Calls Out Witness For Defending Biden’s $6 Billion ‘Ransom’ To Iran Jake Smith on September 13, 2023 …
Indonesia’s August trade surplus seen widening to $1.55 billion – Reuters poll
JAKARTA (Reuters) – Indonesia’s trade surplus in August likely widened slightly from a month earlier amid falling imports, even as exports were expected to remain …
Billionaire Ron Baron owns over $1 billion stake in Musk’s SpaceX – CNBC
(Reuters) – Billionaire investor and fund manager Ron Baron said on Wednesday he owned more than $1 billion worth of shares in Elon Musk’s rocket …
BP commits to Germany with $11 billion low-carbon investment push
By Christoph Steitz and Ron Bousso FRANKFURT/LONDON (Reuters) – BP plans to invest up to 10 billion euros ($10.7 billion) in low-carbon fuels, renewables and …
US looks to offload $13 billion of mortgage bonds seized from SVB, Signature – Bloomberg News
(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following …
Citgo valued at $32 billion-$40 billion ahead of auction of shares -court hearing
By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and …
Exclusive-Arm to fetch at least $54.5 billion valuation in IPO -source
By Echo Wang NEW YORK (Reuters) -Arm, the chip designer owned by SoftBank Group Corp, received enough backing from investors to secure at least the …
Exclusive-Greece to raise up to 7 billion euros from bond markets in 2024
By Lefteris Papadimas ATHENS (Reuters) – Greece plans to raise up to 7 billion euros ($7.5 billion) from debt markets in 2024 through new short- …
Smurfit Kappa strikes $11 billion WestRock deal to create packaging leader
By Padraic Halpin and Yadarisa Shabong DUBLIN (Reuters) -Ireland’s Smurfit Kappa is buying U.S. rival WestRock for an agreed $11 billion to create the world’s …
Foreign direct investment in Germany dives to 3.5 billion euros in H1
BERLIN (Reuters) – Foreign direct investment (FDI) in Germany slumped to 3.5 billion euros ($3.75 billion) in the first half of this year from 34.1 …
SMBC agrees $3.7 billion deal for 25 Boeing 737 MAX jets
DUBLIN (Reuters) – Global leasing giant SMBC Aviation Capital said on Tuesday it had concluded an order for 25 Boeing 737 MAX aircraft in a …
CCP-Linked Company Is Poised To Receive Over $1 Billion In Taxpayer Money And Benefits
CCP-Linked Company Is Poised To Receive Over $1 Billion In Taxpayer Money And Benefits Jason Cohen on September 11, 2023 Gotion Inc., a company tied …
Tesla, suppliers to invest $15 billion in Mexico factory – local governor
MEXICO CITY (Reuters) – A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two …
Australian pension fund to invest $1.6 billion in data centre firm
SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for …
Marketing firm Klaviyo eyes up to $8.4 billion valuation in US IPO
By Sri Hari N S and Manya Saini (Reuters) -Klaviyo is seeking a fully-diluted valuation of up to $8.4 billion in its initial public offering …
Cetera to take Avantax private in $1.2 billion all-cash deal
(Reuters) -Financial advisor Cetera Financial Group will take wealth management solutions provider Avantax private after agreeing to acquire all of its issued and outstanding equity …
Pakistan’s remittances recorded at $2 billion for August – central bank
(Reuters) – Pakistan’s foreign worker remittances were recorded at $2.09 billion for the month of August, the country’s central bank said in a statement on …
KKR to invest more than $1 billion in USI Insurance to become largest shareholder
(Reuters) – USI Insurance Services said on Monday that existing shareholder KKR plans to make a new equity investment of more than $1 billion to …
Auto dealer Asbury to expand Mid-Atlantic presence with $1.2 billion Jim Koons buy
(Reuters) -U.S. auto dealer Asbury Automotive Group said on Friday it would buy privately-owned Jim Koons Automotive for about $1.2 billion to increase its foothold …
Canada’s Rogers to sell $2.2 billion in bonds to repay debt
(Reuters) – Canada’s Rogers Communications said on Thursday it is pricing in a C$3 billion ($2.19 billion) bond offering to repay short-term debt and other …
Imbue raises $200 million at over $1 billion valuation in AI funding boost
(Reuters) – AI research lab Imbue has raised $200 million in a Series B funding round, which included participation from Astera Institute and Nvidia, at …
Sweden’s H2 Green Steel raises $1.6 billion for Boden plant
OSLO (Reuters) -H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, …
World Bank to increase exposure to Turkey to $35 billion within three years – Anadolu
ANKARA (Reuters) – The World Bank plans to increase its exposure to Turkey to $35 billion within three years, the bank’s Turkey country director was …
Temasek leads $140 million Ola Electric funding at $5.4 billion valuation – sources
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Singapore’s investment firm Temasek led a $140 million funding round in India’s Ola Electric at …
LSEG investors raise $3.4 billion from share sales
LONDON (Reuters) -London Stock Exchange Group (LSEG) investors including Blackstone and Thomson Reuters have raised about 2.75 billion pounds ($3.44 billion) from the sale of …
Ecuador’s suspension of environmental consultations hits $2 billion of investment -business leaders
By Alexandra Valencia QUITO (Reuters) – Ecuador’s suspension of a decree enabling environmental consultations prior to the licensing of industrial and mining projects has paralyzed …
Party City set to exit bankruptcy with $1 billion debt reduction
By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco’s Chapter 11 bankruptcy plan, which will cancel about $1 billion in …
SLB to add $5 billion in revenue this year, sees similar growth in 2024
HOUSTON (Reuters) – SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly …
Copper giant Codelco raises $2 billion in bond offering
By Fabian Cambero SANTIAGO (Reuters) -Chile’s Codelco raised $2 billion in a bond offering in New York on Tuesday, as the world’s top copper producer …
Australia’s Orora to buy Carlyle’s France-based Saverglass for $1.4 billion
By Scott Murdoch and Poonam Behura SYDNEY (Reuters) -Australian packaging company Orora Ltd said on Tuesday it would buy French high-end glass bottle manufacturer Saverglass …
Pakistan’s interim PM says Saudi Arabia to invest $25 billion over next five years
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Saudi Arabia will invest up to $25 billion in Pakistan over the next two to five years in …
Private market insured losses from Hurricane Idalia to be $3-5 billion – Moody’s RMS
(Reuters) – Private market insured losses are expected to be between $3 billion and $5 billion due to Hurricane Idalia which struck the Big Bend …
Belgium raises record 22 billion euros from savers in ‘clear signal’ for higher bank rates
By Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete …
Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit – sources
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit …
S.Korea to provide exporters $137 billion of policy financing until yr-end
SEOUL (Reuters) – South Korea will provide up to 181 trillion won ($137 billion) of cheap loans to exporters until the end of this year …
Exclusive-Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation -sources
By Echo Wang NEW YORK (Reuters) -Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed …
Brazil records trade surplus of nearly $9.8 billion in August
BRASILIA (Reuters) – Brazil posted a trade balance of of $9.767 billion in August, government data showed on Friday, above market estimates for a balance …
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit
PRAGUE (Reuters) – The Czech Finance Ministry has proposed a 2024 central state budget with a 252 billion crown ($11.36 billion) deficit, according to a …
Malaysia to allocate $1.8 billion to fund national industrial masterplan
KUALA LUMPUR (Reuters) – Malaysia’s trade ministry said on Friday the government will allocate 8.2 billion ringgit ($1.77 billion) to fund a national industrial masterplan …
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
By Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter of 2023, the finance ministry …
UBS reports second-quarter profit of $28.875 billion
ZURICH (Reuters) – UBS Group on Thursday reported $28.875 billion in net profit attributable to shareholders for the second quarter, in its first earnings results …
Intel to invest $1.2 billion in Costa Rica over next two years
SAN JOSE (Reuters) – Intel will invest $1.2 billion in Costa Rica over the next two years, the company said in a press release on …