Tag: billion
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Canada’s Nuvei to buy Payoneer for $2.75 billion in cross-border payments push
June 15 : Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, as the Canadian fintech aims to expand globally.Nuvei will buy all shares of Payoneer for $7.40 apiece, a premium of about 44 per cent to their last close on June 8. Payoneer has a…
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AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom
VIENNA, June 15 : Austrian circuit board manufacturer AT&S has announced it is investing up to €2 billion ($2.3 billion) in Malaysia to capitalise on the AI boom, sending its shares soaring nearly 30 per cent.”We will fully expand our site in Kulim,” the company’s CEO Michael Mertin told Reuters in an inter
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Musk says SpaceX could bring $1 trillion in revenue by 2030
June 15 : Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. “And I would be surprised if revenue is not greater than $1T in 2031,” he wrote on…
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UK, Japan set to agree $24 billion investment, tech partnerships
LONDON, June 13 : Britain and Japan are set to agree investment and technology partnerships worth more than £18 billion ($24 billion), expected to create tens of thousands of jobs, as Prime Minister Keir Starmer meets his Japanese counterpart Sanae Takaichi on Sunday.Here are some of the details as set out b
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Japanese investors sought more than $6.2 billion worth of SpaceX shares at IPO, sources say
TOKYO, June 13 : Japanese investors were willing to subscribe to more than 1 trillion yen ($6.2 billion) of shares in SpaceX’s record-breaking IPO, two sources familiar with the offering said.The majority of the demand came from retail investors, added the sources, who declined to be identified as they were n
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SpaceX IPO makes Musk a paper trillionaire
Elon Musk’s SpaceX company has floated on the Nasdaq stock exchange, with shares climbing more than 25% above the opening price. This makes Musk the world’s first paper trillionaire, at least by market capitalization.
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Global equity funds draw third weekly inflow as investors buy the dip
June 12 : Global equity funds drew inflows for a third straight week, as investors used a market selloff to add exposure to technology stocks on expectations the AI-driven rally will continue.Investors bought a net $3.32 billion of global equity funds in the week through June 10, compared with $21.12 billion
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SpaceX IPO makes Elon Musk the world’s first trillionaire
June 11 : Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public a
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Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy
June 11 : Adobe raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns about the company’s strategy to navigate the crowded design industry.Shares of the Photoshop maker fell 5 per cent in extended trading.Steve Day, senior vice president of co
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Oracle shares slide as hefty AI spending, debt plans spook investors
June 11 : Oracle shares tumbled 12 per cent on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the company’s push to build out AI infrastructure.If the losses persist, the stock would log its biggest one-day drop since January last year, wiping off aroun
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