Category: billion
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China’s Ping An eyes up to $5 billion convertible bond, sources say By Reuters
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By Scott Murdoch (Reuters) – China’s Ping An Insurance Co Ltd is considering issuing convertible bonds worth up to $5 billion, people familiar with the matter said. One of the sources said the bonds could raise between $2 billion and $5 billion, and the two sources added that an agreement…
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$89.5 Billion Firm Endorses 6% Bitcoin Investment Strategy
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On Monday, Matthew Siegel, head of digital asset research at VanEck, an influential New York-based investment management firm with $89.5 billion in assets under management, discussed the current state of the bitcoin market. As the sixth-largest issuer of spot ETFs in the United States, with $497 million in recent inflows,…
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$89.5 Billion Firm Endorses 6% Bitcoin Investment Strategy
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On Monday, Matthew Siegel, head of digital asset research at VanEck, an influential New York-based investment management firm with $89.5 billion in assets under management, discussed the current state of the bitcoin market. As the sixth-largest issuer of spot ETFs in the United States, with $497 million in recent inflows,…
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U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 4.399%
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High return: %, average of six auctions 4.390% Tail: -0.8bp, average of six auctions -0.1bp Bid to Cover Ratio: 2.67x, Average of Six Auctions 2.57x Merchants: 14.8%, average of six auctions 17.0% Direct: 21.3%, average of six auctions 17.8% Indirect: 64.0%, average of six auctions 65.2% Auction grade: A- This…
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Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 billion bid By Reuters
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By Scott Murdock and Rajasik Mukherjee SYDNEY (Reuters) – Australian auto parts retailer Babcor on Tuesday rejected a A$1.83 billion ($1.23 billion) takeover bid from private equity firm Bain Capital, saying it did not fully reflect the company’s value. The company’s shares fell about 4.3% in early trading Tuesday. Australia’s…
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Eli Lilly to buy bowel disease drug developer Morphic for $3.2 billion By Reuters
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(Reuters) – Eli Lilly and Company said on Monday it will acquire Morphek Holdings Inc (NASDAQ:MLS) for $3.2 billion in cash, giving the U.S. drugmaker access to an experimental drug for a type of inflammatory bowel disease. Shares of drug developer Morphek surged 76% to $56.15 premarket after Lilly’s offer…
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$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites
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The Bitcoin market is experiencing a wave of uncertainty as a recent analysis by CryptoQuant reveals a major shift in investor behavior. Nearly $2.4 billion worth of Bitcoin, which investors may have acquired this year, has moved within the network, sparking debate about the reasons behind the exit. Related reading…
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Bitcoin Whales Sold $1.7 Billion In BTC Last Month: Data
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On-chain data shows that Bitcoin whales have been participating in a significant net distribution over the past month, which could fuel Bitcoin’s bearish momentum. Bitcoin Whales Sell Amid Bear Market As analyst Ali pointed out in a new article, mail On X, BTC whales have been selling recently. The on-chain…
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Tesla stock turns positive for 2024 amid $200 billion rally
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Tesla Inc. shares fell sharply on Friday after the world’s most valuable automaker erased its losses since the start of the year following a seven-day rally. Shares of the electric-car maker surged more than 30% in its latest winning streak, adding more than $200 billion to its market value. Earlier…
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South Africa Seeks to Renegotiate Coal Pact Tied to $2.6 Billion
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Breadcrumbs Path Links PMN Business South Africa is seeking to amend the terms of a landmark deal under which it pledged to reduce its reliance on coal in exchange for funding. Article author: Bloomberg News Anthony Sguazin Posted on July 03, 2024 • Read for 3 minutes You can save…
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Northern Data Weighs AI Unit US IPO at Up to $16 Billion Value
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Breadcrumbs Path Links PMN Business Northern Data AG is talking to potential advisers about a U.S. initial public offering of its combined artificial intelligence, cloud computing and data center businesses that could fetch a valuation of as much as $16 billion, according to people familiar with the matter. Article author:…
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USDT Minting On Ethereum And Tron Falls From $7 Billion To $1 Billion In 6 Months
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Despite being pumped into spot market prices, Tron has not escaped the wrath of the bulls after hitting its peak in February. Like other altcoins such as Solana and Ethereum, which surged to 2024 highs in March, Tron has been in the red for the last month of trading and…
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USDT Minting On Ethereum And Tron Falls From $7 Billion To $1 Billion In 6 Months
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Despite being pumped into spot market prices, Tron has not escaped the wrath of the bulls after hitting its peak in February. Like other altcoins such as Solana and Ethereum, which surged to 2024 highs in March, Tron has been in the red for the last month of trading and…
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$105 Billion Electronics Giant Sony To Launch New Bitcoin Exchange
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Sony Group is preparing to launch a Bitcoin and cryptocurrency exchange in Japan after acquiring Amber Group’s subsidiary Amber Japan. The revamped exchange will be named S.BLOX and aims to strengthen Sony’s presence in the Bitcoin and cryptocurrency space. JUST IN: ?? Sony launches $103 billion #Bitcoin And cryptocurrency exchange.…
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Boeing agrees to buy Spirit AeroSystems for $4.7 billion
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Boeing agreed on Sunday to buy Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the company at $4.7 billion, according to people familiar with the deal. The U.S. planemaker also plans to assume about $3.5 billion of Spirit’s debt as part of the deal,…
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Exclusive-Boeing agrees to buy Spirit Aero for $4.7 billion, sources say By Reuters
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Written by Mike Stone and Alison Lambert WASHINGTON (Reuters) – Boeing Co agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks on a deal that the U.S. planemaker hopes will help ease a mounting safety crisis.…
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The $4.7 billion ruling against the NFL could shift power between the league and teams
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The NFL has rarely been a loser on the field, but a crushing defeat in an antitrust lawsuit could change the way the world’s richest sports league generates billions of dollars in revenue each year. A Los Angeles jury on Thursday sided with fans who claimed the league conspired with…
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Nvidia stock buybacks could come from $270 billion ‘cash gusher’
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AI chip leader Nvidia will face an embarrassment of riches in the coming years, and shareholders will be rewarded, a technology analyst has predicted. Ben Raitzes, Managing Director and Head of Technology Research at Melius Research, He told CNBC on Wednesday Jensen Huang’s Nvidia has mastered the “full stack” approach…
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$9 Billion in Bitcoin: Mt. Gox to Start Repayments in July
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Defunct bitcoin exchange Mt.Gox said it will begin distributing assets stolen from customers in a 2014 hack starting in July, after years of delayed deadlines. JUST IN: Bankrupt Mt Gox will start with $9 billion #Bitcoin Payment of installments in July ? pic.twitter.com/Rph2AupnTY – Bitcoin Magazine (@BitcoinMagazine) June 24, 2024…