Nigeria’s Tinubu says scrapping fuel subsidy has saved $1.32 billion
By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but …
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‘Gravy Train’: One US Solar Company Poised To Rake In $11 Billion In Subsidies Thanks To Dem Climate Law
‘Gravy Train’: One US Solar Company Poised To Rake In $11 Billion In Subsidies Thanks To Dem Climate Law Nick Pope on July 31, 2023 …
Stablecoin Tether’s reserves hit record $86.5 billion in Q2
By Elizabeth Howcroft LONDON (Reuters) – The world’s largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter …
FDIC launches sale of $18.5 billion of Signature Bank loans
(Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a …
Exclusive-Argentina, IMF staff level agreement set to combine reviews on $44 billion loan-sources
By Jorgelina do Rosario LONDON (Reuters) – Argentina’s preliminary deal with the International Monetary Fund is set to combine reviews of its $44 billion loan …
Turkey quake contributed to $43 billion in H1 insurance losses – Munich Re
BERLIN (Reuters) – A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by …
Capgemini’s slower sales hit shares, to invest 2 billion euros in AI
By Lina Golovnya and Stephanie Hamel (Reuters) -French IT consulting group Capgemini posted weaker quarterly growth due to a slowdown across its regions, marked by …
Exclusive-BYD tells India partner it wants to drop $1 billion EV investment plan-sources
By Sarita Chaganti Singh NEW DELHI (Reuters) – China’s BYD has told its India joint-venture partner it would shelve plans for a new $1-billion investment …
Brazil’s Vale to sell 13% stake in base metals unit for $3.4 billion
By Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base …
First Solar plans $1.1 billion investment in fifth U.S. panel factory
By Nichola Groom (Reuters) – First Solar Inc on Thursday announced plans to spend up to $1.1 billion on what will be its fifth U.S. …
US launches $8.5 billion in rebates for home energy efficiency
By Timothy Gardner WASHINGTON (Reuters) – The Department of Energy said on Thursday it is accepting applications from states and territories for $8.5 billion in …
Zara founder Ortega’s real estate fortune hit $20 billion in 2022
MADRID (Reuters) – The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex, on Thursday reported a 2.8 billion-euro jump in …
Evergrande EV unit reports about $10 billion loss for 2021, 2022
(Reuters) -China Evergrande New Energy Vehicle Group reported a combined net loss of 71.12 billion yuan ($9.95 billion) for 2021 and 2022 as it posted …
Saudi FDI inflows reach 8.1 billion Riyals in Q1 2023 – ministry
DUBAI (Reuters) – Saudi Arabia’s foreign direct investment inflows reached 8.1 billion Riyals ($2.16 billion) in the first quarter of 2023, up 10.2% from the …
Wells Fargo approves new $30 billion share buyback program
(Reuters) – Wells Fargo said on Tuesday its board had authorized a new share buyback program of up to $30 billion. The bank’s shares rose …
Brazil’s Copel to launch privatization offering of up to $1 billion
SAO PAULO (Reuters) – Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday of up to 5 billion …
Bank of England forecasts 150 billion pound loss from QE gilt programme
By David Milliken LONDON (Reuters) – The Bank of England forecast on Tuesday that it would make a net loss of just over 150 billion …
South32 takes $1.3 billion hit against Hermosa; Q4 output steady
By Navya Mittal and Rishav Chatterjee (Reuters) -Australian diversified miner South32 on Monday said it will take an about $1.3 billion one-off charge in fiscal …
Australia to buy 20 Hercules military transport planes in $6.6 billion deal
SYDNEY (Reuters) – Australia said on Monday it would spend A$9.8 billion ($6.60 billion) to buy 20 new Super Hercules military transport aircraft, ahead of …
Aussie competition regulator delays decision on ANZ’s $3.3 billion Suncorp Bank buy
(Reuters) -Australia’s competition regulator on Monday said it has delayed its decision on ANZ Group Holdings’ proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank …
Chevron’s $6 billion second-quarter profit tops analysts’ outlook
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp’s second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also …
American Airlines increases offer to pilots by $1 billion, matching United
(Reuters) – American Airlines Group Inc on Friday said it raised the value of its contract offer to pilots by more than $1 billion to …
Hedge fund industry lures $3.6 billion in fresh money in Q2 – HFR
NEW YORK (Reuters) – Investors poured $3.6 billion in fresh money into global hedge funds in the second quarter, data provider HFR said on Friday, …
Reliance spin-off Jio Financial valued at $20 billion, above estimates
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was …
US announces additional $1.3 billion in military aid for Ukraine
By Kanishka Singh WASHINGTON (Reuters) – The United States on Wednesday announced additional security assistance of about $1.3 billion for Ukraine in its war with …
PE firm J.F. Lehman to buy waste disposal company Heritage-Crystal for $1.2 billion
(Reuters) – Heritage-Crystal Clean said on Wednesday it has agreed to be acquired by private equity firm J.F. Lehman & Co for about $1.2 billion …
China’s central bank structural policy tools rise to $952 billion
BEIJING (Reuters) – China’s outstanding structural policy tools totalled 6.87 trillion yuan ($952.14 billion) at the end of June, the central bank said on Wednesday, …
US Powerball jackpot hits $1 billion
By Rachel Nostrant (Reuters) – The U.S. Powerball jackpot has reached a whopping $1 billion for only the third time in the game’s history after …
U.S. to announce $1.3 billion in military aid for Ukraine -sources
By Mike Stone WASHINGTON (Reuters) – The United States will announce a new pledge to buy $1.3 billion worth of military aid for Kyiv in …
Malaysia PM says China’s Geely to invest $10 billion in domestic auto hub -report
KUALA LUMPUR (Reuters) – Chinese car maker Geely will invest $10 billion to develop Malaysia’s main auto-making hub, state news agency Bernama quoted Prime Minister …
Tunisia says undocumented migrants in the country received $1 billion this year
By Tarek Amara TUNIS (Reuters) -Undocumented sub-Saharan African migrants in Tunisia received three billion dinars (about $1 billion) in remittances from their countries during the …
Biden EPA Launches $20 Billion ‘Green Bank’ Before GOP Can Repeal Funding
Biden EPA Launches $20 Billion ‘Green Bank’ Before GOP Can Repeal Funding John Hugh DeMastri on July 14, 2023 The Biden administration’s Environmental Protection Agency …
Biden Admin Plans To Wipe $39 Billion In Student Debt For Thousands Of Borrowers After SCOTUS Smack Down
Biden Admin Plans To Wipe $39 Billion In Student Debt For Thousands Of Borrowers After SCOTUS Smack Down Reagan Reese on July 14, 2023 The …
Czech lawmakers give initial backing to $7 billion budget savings package
PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending cuts and tax hikes aimed …
European sovereign bond funds pull in record $15 billion in second quarter
By Harry Robertson LONDON (Reuters) – Global investors poured a record amount of money into European sovereign bond funds in the second quarter of the …
Ukraine posts trade deficit of $8.97 billion in Jan-May
KYIV (Reuters) – Ukraine’s trade deficit grew to $8.97 billion in the first five months of the year compared with a deficit of about $1 …
U.S. Treasury posts sharply higher $228 billion June deficit
By David Lawder WASHINGTON (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues …
Pedro Man Wins $50k in Billion Lottery Game
PEDRO, OH – Jack Moore, a resident of Pedro, is celebrating a significant win after claiming $50,000 playing the Ohio Lottery Scratch-Off game, Billion. After …
Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion
By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted …
Ukraine won military aid pledges worth $1.5 billion euros this week – minister
KYIV (Reuters) – Ukraine’s foreign partners pledged over 1.5 billion euros ($1.68 billion) in military aid for Kyiv while attending a NATO summit this week, …
EM portfolios see $22 billion foreign inflow in June -IIF
NEW YORK (Reuters) – Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its …
US judge finalizes Allianz’s $6 billion criminal settlement
By Jody Godoy (Reuters) – A U.S. judge on Wednesday approved Allianz’s $6 billion settlement over the 2020 collapse of a group of investment funds, …
Murphy gives billion dollar bailout to foreign offshore wind farm company
New Jersey has recently faced controversy and concerns over a decision to provide a $1 billion bailout to Ørsted, a Danish wind developer, for their …
UAE gives $1 billion in reserve support to Pakistan
ISLAMABAD (Reuters) – The United Arab Emirates has deposited $1 billion with Pakistan’s central bank to support foreign exchange reserves, Pakistan’s Finance Minister Ishaq Dar …
India’s Adani aims to close planned $4 billion fundraising by end-December-source
By Dhwani Pandya MUMBAI (Reuters) – India’s Adani Group is aiming to close its planned up to $4 billion fundraising before the end of 2023, …
More than $2 billion committed at UK-US climate finance forum
LONDON (Reuters) -Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience …
S.Korea state-run banks join liquidity support effort for credit union
By Jihoon Lee SEOUL (Reuters) -South Korean state-run banks are providing at least two trillion won ($1.54 billion) of liquidity support to a credit union …
Italy collects around $3 billion from 2023 energy windfall tax
By Giuseppe Fonte ROME (Reuters) – Italy has collected around 2.8 billion euros ($3.07 billion) from this year’s windfall tax on energy companies, people familiar …
Collapsed Bank’s Former Owner Sues Federal Regulator For $2 Billion After Massive Bailout
Collapsed Bank’s Former Owner Sues Federal Regulator For $2 Billion After Massive Bailout Jason Cohen on July 10, 2023 California tech lender Silicon Valley Bank’s …
Canada extends consultation period for RBC’s $13.5 billion bid for HSBC unit
TORONTO (Reuters) – Canada’s finance ministry has extended the consultation period for Royal Bank of Canada’s $13.5 billion proposed acquisition of HSBC’s Canadian unit by …