billion
By Sethuraman N R and Bharath Rajeswaran (Reuters) – Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani’s flagship company Adani Enterprises…
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co’s U.S. unit for semiconductor production in Phoenix, Arizona. The binding contract – after a preliminary agreement announced in April – is the first major award…
By Arasu Kannagi Basil (Reuters) -Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its long-sought plan for a New York listing. Pony, founded in 2016 and backed by Japanese…
By Foo Yun Chee and Maggie Fick BRUSSELS/LONDON (Reuters) – EU antitrust regulators have asked pharma rivals and customers for feedback in four business areas in light of Novo Holdings’ planned $16.5 billion takeover of Catalent (NYSE:), people familiar with the matter said. Novo Holdings is the controlling shareholder of…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Wednesday threw out a $1.68 billion judgment against Iran’s central bank that had been won by family members of troops killed and injured in the 1983 bombing of the U.S. Marine Corps barracks in Beirut. The 2nd U.S.…
Warren Buffett has grown Berkshire Hathaway’s cash pile to more than $300 billion — a record high.The famed investor has halted stock buybacks and pared key holdings such as Apple and Bank of America.Buffett, 94, is facing a bargain drought and may be preparing to hand over control of Berkshire.…
(Reuters) – Nasdaq-listed electric vehicle maker VinFast (NASDAQ:) said on Wednesday it will get a fresh round of funding worth 85 trillion dong ($3.35 billion) from its founder and its parent firm, Vingroup by 2026, when it expects to break even. VinFast began operations in 2019 and has been expanding…
Sword Health cut a portion of its physical therapists last month, the company confirmed to BI.The startup aims to use AI to help increase the number of patients its physical therapists care for.Sword, which hit a $3 billion valuation earlier this year, could go public as soon as 2025. Sword…
By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank (TYO:) Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currency-denominated gains. Analysts are also looking out for signs of new…
The Biden administration has billions of dollars in aid for Ukraine remaining.The clock is ticking on getting Ukraine that support before Trump takes office.Trump’s return to the White House could threaten US support for Ukraine. President-elect Donald Trump will be returning to the White House, and that means the clock…
