Tag Archives: billion

China’s stock market about to see $46 billion pour in

There’s some serious money heading to Chinese stocks, already the world’s best performing equity market this year. After MSCI Inc. announced Thursday that it would boost the weighting of China’s onshore shares in its emerging market index, more than $46 billion is poised to pour in from funds that track the gauge, according to Bloomberg estimates. Chinese equities climbed to the highest since ... Read More »

SBI to raise at least $1 billion via overseas bonds

Mumbai: The country’s largest lender State Bank of IndiaNSE 0.50 % (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is the largest such sale from the country since January 2018. The state owned lender is issuing the bonds in two tranches, one a three year and another a five year as its seeks to shore up funds ... Read More »

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

Boris Roessler | Picture Alliance | Getty Images The skyscrapers of Frankfurt’s banking metropolis. London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Lobby group Frankfurt Main Finance (FMF) released the figure last week, which it calculated based ... Read More »

Facebook increases stock buyback program by $9 billion

Mark Zuckerberg, chief executive officer of Facebook, Dan Rose, vice president, partnerships at Facebook, and Sheryl Sandberg, chief operating officer of Facebook, attend the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho. Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission. ... Read More »

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation is one of the world’s most important growth markets for renewable energy. Millions of Indians are not yet linked up ... Read More »

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

Reddit just raised a new round that values the company at $1.8 billion

Reddit, the 12-year-old, San Francisco-based online discussion platform that has long called itself the “front page of the internet,” just closed its biggest round ever, from a whole lot of investors, reports Recode. Andreessen Horowitz, Sequoia Capital, Coatue Management, Vy Capital, Fidelity, Y Combinator President Sam Altman, and SV Angel’s Ron Conway all chipped into the $200 million financing. The company’s post-money valuation: $1.8 billion. ... Read More »

FCC to vote to reform $45 billion business data market

Ajit Pai, Chairman of U.S Federal Communications Commission, delivers his keynote speech at Mobile World Congress in Barcelona, Spain, February 28, 2017. REUTERS/Eric Gaillard The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc, CenturyLink Inc, Verizon Communications Inc and others. ... Read More »

Allergan to buy Zeltiq Aesthetics for about $2.48 billion

Allergan Plc (AGN.N) on Monday said it would buy Zeltiq Aesthetics Inc (ZLTQ.O) for about $2.48 billion (2 billion pounds) to gain access to its flagship body contouring technology. The Botox maker agreed to pay $56.50 per Zeltiq share, or a premium of 14.4 percent to the company’s Friday close. Dublin-based Allergan, led by its acquisitive Chief Executive Brent Saunders, ... Read More »

KKR to buy Hitachi’s power tools unit for $1.3 billion

U.S. private equity firm KKR & Co LP (KKR.N) has agreed to buy Japanese conglomerate Hitachi Ltd’s (6501.T) power tools unit, Hitachi Koki Co Ltd (6581.T), for about $1.3 billion, the companies said on Friday. KKR will launch a tender offer for Hitachi Koki at 870 yen per share, costing it 88.2 billion yen. Including a special dividend of 580 ... Read More »