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Syngenta’s $9.5 Billion IPO Moves Closer With Shanghai Bourse Hearing
A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. Reuters Syngenta’s $9.5 billion flotation has moved a step closer after the…
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London Lawsuit Targets EY’s ‘Paused’ Split, Alleges $2.7 Billion In Damages
The logo of Ernst & Young is seen in Zurich, Switzerland November 13, 2020. Reuters EY’s plans to split its auditing and consulting arms have been dragged into a $2.7…
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Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China
Japan Prime Minister Fumio Kishida shakes hands with his Indian counterpart Narendra Modi before their meeting at the Hyderabad House in New Delhi, India, March 20, 2023. Reuters Japan’s Prime…
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Exclusive-UBS Seeks About $6 Billion In Government Guarantees For Credit Suisse Deal -source
Reuters UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of the discussions told Reuters…
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First Republic Shares Tank As $30 Billion Support Fails To Soothe Banking Nerves
Shares of First Republic Bank slid 25% in early trading on Friday after being briefly halted as $30 billion in deposits injected by large U.S. banks failed to quell investor…
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Bankrupt Crypto Lender Moves 270 Billion SHIB To Coinbase
KEY POINTS Voyager Digtal filed for bankruptcy in July 2022 It has a restructuring deal with Binance US worth $1.3 billion Binance US already agreed to pay Voyag Digital $20…
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Banking Giants Pool In $30 Billion to Rescue Crisis-Hit California Bank First Republic
US banking giants have come together to avert another American bank collapse. Embattled lender First Republic received a $30 billion rescue deal from some of the nation’s biggest banks like…
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U.S. Charges Exiled Chinese Businessman Guo Wengui With $1 Billion Fraud
Guo Wengui (also known as Miles Kwok) holds a news conference with Steve Bannon in New York, New York, U.S., November 20, 2018. Reuters The U.S. government on Wednesday charged…
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$465 Billion Wiped Off Global Banking Stocks Following SVB Collapse – Report
The panic flight of investors from financial stocks in the aftermath of the collapse of Silicon Valley Bank and Signature Bank has resulted in the evaporation of a whopping $465…
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HSBC Buys Out SVB’s UK Arm With £5.5 Billion in Loans and £6.7 Billion in Deposits for Symbolic £1
HSBC bought the British arm of Silicon Valley Bank for a symbolic price of one pound in a deal sanctioned by the Bank of England (BoE). The deal to buy…
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Biden Administration To Approve $8 Billion ‘Carbon Bomb’ Alaska Oil Project: Report
President Joe Biden‘s administration will reportedly approve the multi-billion-dollar oil drilling project in Alaska. The project is called Willow, and it was first approved by the Trump administration in 2020…
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US Banks Hold $620 Billion in Unrealized Losses, Sparking Contagion Concerns
Several large US banks are reportedly under stress due to a larger problem in the banking sector. According to a report by the Federal Deposit Insurance Corporation (FDIC), these banks…
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Saudi Oil Giant Aramco Reports Record Profit of $161 Billion for 2022
Saudi Arabian Oil Company (Saudi Aramco) has announced a record net income of $161.1 billion for 2022, its highest annual profit as a listed company, state media reported. Saudi Aramco…
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Silicon Valley Bank in Trouble After Silvergate; Banking Stocks See $80 Billion Wipeout
SVB Financial Group’s shares tanked more than 60 percent on Thursday after the Silicon Valley Bank hurried down on a path to raise capital. This coupled with the Silvergate fiasco…