Brazil’s Marfrig sells abattoirs to Minerva in $1.5 billion deal
By Peter Frontini SAO PAULO (Reuters) -Brazilian meatpacker Marfrig has agreed to sell 16 slaughtering plants to rival Minerva for 7.5 billion reais ($1.54 billion) …
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US judge tosses most of Commerzbank $1 billion mortgage lawsuit against BNY Mellon
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed most of a lawsuit where Germany’s Commerzbank sought to hold Bank of …
Chile heavy rains likely caused over $1 billion in agriculture losses
SANTIAGO (Reuters) – Heavy rains in Chile’s central south farming region last week may have caused at least $1 billion in losses, according to estimates …
Life sciences firm Danaher to buy Abcam in $5.7 billion deal
By Manas Mishra (Reuters) – Danaher Corp on Monday agreed to buy protein consumables manufacturer Abcam Plc in a $5.7 billion all-cash deal including debt, …
StanChart to sell jet leasing arm to Saudi wealth fund unit for $3.6 billion
By Rishav Chatterjee (Reuters) -Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 …
Malawi ‘on course’ to restructuring $1.2 billion debt
BLANTYRE (Reuters) – Malawi is on course to getting its $1.2 billion external debt with different lenders restructured to “sustainable levels”, its central bank said …
Credit Suisse posted $4 billion loss in 2Q, Sonntagszeitung reports
BERLIN (Reuters) – Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second …
Australia’s ANZ Group and Suncorp seek review of $3.2 billion deal block
(Reuters) -ANZ Group and Suncorp Group said on Friday that they have filed separate applications to seek a tribunal review after Australia’s competition regulator recently …
Lockheed’s Sikorsky wins $2.7 billion U.S. Navy contract
(Reuters) – Sikorsky, a unit of Lockheed Martin, said on Thursday it was awarded a $2.7 billion contract by the U.S. Navy to build 35 …
QIA to take stake in Ambani retail firm at $100 billion valuation
BENGALURU (Reuters) -Qatar Investment Authority will invest $1 billion for a 1% stake in India’s Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani’s …
Thoma Bravo to close $2.3 billion ForgeRock deal after DOJ nod – Bloomberg News
(Reuters) – Private equity firm Thoma Bravo will complete its $2.3 billion acquisition of software firm ForgeRock after the U.S. Department of Justice declined to …
US State Dept OKs possible sale of Apache helicopters to Poland for $12 billion -Pentagon
WASHINGTON (Reuters) -The U.S. State Department has approved the potential sale of AH-64E Apache helicopters and related equipment to Poland in a deal valued at …
DuPont to sell Delrin resins unit to PE firm for around $1.8 billion – Bloomberg News
(Reuters) – Materials and chemicals maker DuPont De Nemours Inc is in advanced talks to sell its Delrin resins unit to private equity firm The …
BAE says $5.5 billion Ball Corp deal will help it meet Ukraine-led defence demand
By Muvija M LONDON (Reuters) – Britain’s BAE Systems said its $5.5 billion purchase of Ball Corp’s aerospace business would help it meet the soaring …
Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show
By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare …
Insured losses from Maui wildfires at least $1 billion – Moody’s
LONDON (Reuters) – Moody’s Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. …
Bucco Calls on Democrats to Answer For $1 Billion Bailout of Foreign Wind Developer After Company Reports Significant Earnings
Sen. Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in their offshore wind business.
Indonesia’s July trade surplus seen narrowing to $2.5 billion: Reuters poll
JAKARTA (Reuters) – Indonesia’s exports and imports likely continued a decline on a yearly basis in July amid weakening global trade, with its trade surplus …
Private equity firm CVC bags $4.45 billion so far in sixth Asia-focused fund
By Kane Wu HONG KONG (Reuters) -Europe-based private equity firm CVC Capital Partners has raised over $4.45 billion so far for its new Asia-focused fund, …
ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell …
China to replace $140 billion LGFV debt with local bonds – Bloomberg News
BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles …
Biden Asks Congress For Additional $24 Billion In Military, Economic Aid For Ukraine
Biden Asks Congress For Additional $24 Billion In Military, Economic Aid For Ukraine Micaela Burrow on August 10, 2023 The White House asked Congress for …
Biden Admin Agrees To $6 Billion Deal With Iran In Exchange For American Prisoners: REPORT
Biden Admin Agrees To $6 Billion Deal With Iran In Exchange For American Prisoners: REPORT Jake Smith on August 10, 2023 The United States and …
Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources
By Isla Binnie and Andres Gonzalez NEW YORK (Reuters) – Two of Canada’s biggest pension funds are exploring options including a sale of Cubico Sustainable …
Ant group quarterly profit rises 17.5% on year to 13.37 billion yuan – Alibaba filing
SHANGHAI (Reuters) – China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from …
Texas Instruments plans up to $1 billion investment to expand Philippine facilities
MANILA (Reuters) – Analog chipmaker Texas Instruments is planning to invest up to $1 billion to expand its Philippine facilities, the Southeast Asian nation’s presidential …
Exclusive-Private equity firm STG nears $1.4 billion deal for Avid Technology -sources
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing …
Kellogg forecasts annual sales of up to $13.6 billion for snacks business ahead of split
(Reuters) – Packaged food maker Kellogg said on Wednesday its snacking business Kellanova is expected to report full-year sales between $13.4 billion and $13.6 billion …
US reports big interest in $52 billion semiconductor chips funding
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed interested in winning government semiconductor …
After Democrat’s $1 Billion Bailout of Foreign Wind Developer, Bucco Renews Call for Offshore Wind Moratorium to Assess True Impacts to Ratepayers, Environment
Sen. Anthony M. Bucco called on legislators to return to Trenton and vote on a wind moratorium.
Adani Enterprises weighs exiting $6 billion Wilmar venture – Bloomberg News
(Reuters) -India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar …
Australia’s InvoCare agrees to revised $1.2 billion buyout offer from TPG
By Rishav Chatterjee (Reuters) -Australia’s InvoCare Ltd said on Wednesday it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing …
Yellow Corp asset sale could surpass $1.4 billion – Fox Business
(Reuters) – Trucking company Yellow Corp’s assets have attracted significant bidders and their sale could likely surpass the company’s $1.4 billion in secured debt, Fox …
Disney’s ESPN inks $2 billion deal with Penn to launch sports betting business
(Reuters) -Walt Disney’s ESPN and casino-owner Penn Entertainment have agreed to jointly launch a sports betting business under the brand ESPN Bet, the two companies …
Moratorium on Wind Farms Called For After Billion Dollar Foreign Bailout
TRENTON, NJ – New Jersey State Senator Anthony M. Bucco has urged fellow legislators to return to Trenton and vote on a wind moratorium. He …
Australian $100 billion pension fund says active in Japan, neutral on China
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s third largest pension fund will stay active in Japanese markets in the coming months and …
U.S. to send Kyiv first $200 million of arms freed by $6.2 billion ‘accounting error’
By Mike Stone WASHINGTON (Reuters) – President Joe Biden’s administration will announce $200 million of new weapons aid for Ukraine as soon as Tuesday, U.S. …
KKR to buy Simon & Schuster for $1.62 billion from Paramount Global
(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion in an all-cash deal, marking …
CD&R to take packaging firm Veritiv private in $2.3 billion deal
(Reuters) -Veritiv on Monday agreed to be bought by private equity firm Clayton, Dubilier & Rice (CD&R) in a $2.3 billion deal that would take …
China Life mandates banks for up to $2 billion bond offering
By Georgina Lee and Scott Murdoch HONG KONG (Reuters) – China Life Insurance (Overseas) Hong Kong has mandated banks for its 10-year subordinated bond offering, …
Canada govt body guarantees up to $2.2 billion fresh loan to Trans Mountain expansion project
(Reuters) – A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion …
Allianz ex-manager must face US fraud charges related to $7 billion investor loss
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case …
Walgreens sells $1.85 billion of AmerisourceBergen shares, further cutting stake
(Reuters) – Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of about $1.85 billion, the U.S. drugstore chain said on Thursday, further …
Cargill fiscal 2023 revenue rises 7% to record $177 billion
By Karl Plume (Reuters) – Global commodities trader Cargill Inc reported this week that its fiscal year 2023 revenue increased 7% from a year earlier …
Apple’s high-yield savings account hits over $10 billion in customer deposits
(Reuters) – Apple’s high-yield savings account offered by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology giant said on …
Italy plans $2.2 billion fund to support key supply chains
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at …
Tonight’s Powerball Jackpot is $1.1 Billion
If you’re in the New York and New Jersey area, you might want to check your Powerball tickets to see if you’re a millionaire. In …
Lumen Technologies shares slide after posting loss of nearly $9 billion
(Reuters) – Lumen Technologies reported a massive quarterly net loss of $8.74 billion on Tuesday, hurt by an impairment charge of nearly $9 billion in …
Amazon to invest $7.2 billion in Israel, launches AWS cloud region
(Reuters) – Amazon.com said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) …
Billionaire Kretinsky in talks to buy Atos unit in $2.2 billion deal
By Mathieu Rosemain PARIS (Reuters) -Czech billionaire Daniel Kretinsky is in talks to buy Atos’s loss-making legacy operations in a 2 billion-euro ($2.20 billion) deal …