Category: billion
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Google near deal to acquire cybersecurity startup Wiz for $23 billion
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Alphabet Inc., the parent of Google, is in advanced talks to buy cybersecurity company Waze for about $23 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter. If the deal closes, it would be the company’s largest acquisition ever. The news comes days after reports…
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Manufacturing posts largest loans slump of Sh39 billion
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Kenya’s manufacturing sector has been the hardest hit by the slowdown in private sector credit caused by higher commercial bank lending rates and rising non-performing loans. Total credit to the sector declined by Sh38.8 billion to Sh597.9 billion in the three months to end-March from Sh636.7 billion in December 2023.…
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How Huione Guarantee Became A $11 Billion Scam Hub
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In the evolving landscape of cybersecurity and online financial transactions, Huion Guarantee Huione Guarantee emerged as a pivotal platform in Southeast Asia, promising secure cryptocurrency transactions and protection against the growing threat of cyber fraud. However, beneath this security veneer, a maze of illicit activity was unfolding, placing Huione Guarantee…
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Germany’s Bitcoin Sales Will End Soon: Less Than $1 Billion Left
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The German government transferred another 2,375 bitcoins worth about $138 million to exchanges on Thursday, continuing a months-long liquidation of seized reserves. Urgent: ?? The German government has sent 2,375 more #Bitcoin It is worth $138 million on the stock exchanges. They now have 13,000 BTC left. Hold on! ✊…
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Europe faces a summer of diaper and tampon shortages as new EU deforestation laws threaten to disrupt the $3.5 billion industry
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U.S. papermakers have warned the European Union that a new law requiring them to trace wood to its origins threatens to disrupt $3.5 billion in trade and raise prices for diapers, sanitary pads and other hygiene products. It would be impossible to comply with the suspension. EU Deforestation Regulation Because…
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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,…