Tag: billion
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Germany cracks down on money laundering, tax fraud
The German government plans to crack down on tax fraud, money laundering and illegally acquired assets with more audits and stiffer penalties.
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Global equity funds draw inflows for the eighth week on earnings optimism
July 17 : Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S. inflation data that eased expectations of Federal Reserve rate hikes.Investors made net purchases of $12.46 billion in g
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Databricks secures funding round at $188 billion valuation
July 16 : Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion. Here are a few details:• The round, which Databricks expects to close later this summer, is being led by existing investor Coatue and will inc
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Databricks valued at $188 billion after Coatue-led investment, WSJ reports
July 16 : Investment firm Coatue Management is leading a $3 billion investment in data analytics provider Databricks that values the company at $188 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Databricks, one of the world’s most valuable privately held technol
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India’s Wipro lags peers after earnings miss, weak forecast
BENGALURU, July 16 : Wipro missed quarterly earnings estimates and forecast a weak recovery, raising fresh concerns about the Indian IT firm losing ground to rivals as demand in its key Americas market softens.After Thursday’s news, its U.S.-listed shares fell as much as 2.2 per cent in pre-market trading and
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India’s Tech Mahindra tops quarterly revenue views on manufacturing segment growth
BENGALURU, July 16 : Indian software services provider Tech Mahindra’s first-quarter revenue beat expectations on Thursday, with growth in the firm’s manufacturing segment and a weak rupee helping the topline.Revenue at India’s fifth-largest IT firm rose 17.7 per cent year-on-year to 157.12 billion rupees ($1
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Why investors are suddenly fleeing Indonesia
Indonesia, one of Asia’s biggest economies, risks losing its emerging-market status as President Prabowo Subianto’s spending plans rattle investors. Will the man who promised to deliver 8% growth rein in his ambitions?
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Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said. The offer, submitted earlier this month, is backed by
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Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier this month
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Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
July 13 : Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.Goldman Sachs and JPMorgan Chase hav
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