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Dangote’s Kenyan refinery project faces hurdles, including crude supply and funding.
GE Aerospace to buy casting maker CPP for nearly $12 billion to boost supply chain.
China to inject $54 billion into state banks, insurers to boost their capital reserves.
India’s Tata bets big with a $7.4 billion world-class AI data center campus.
TikTok maker ByteDance secures $29.6 billion mega unsecured loan in AI push.
Global political unrest: Dutch central bank moves billions in gold reserves to London.
Uber Quits Nigeria and Uganda to Pivot to London Autonomous Tech.
South Korean FX authorities scoop up $20 billion as SK Hynix repatriates $26.5 billion in listing proceeds.
Goldman Sachs, BofA, and 19 other banks to issue dollar stablecoins jointly in 2027.
Aon acquires rival insurance firm USI for $17 billion in a landmark industry deal.
Billionaire Aliko Dangote is determined to duplicate Africa’s largest oil refinery on the other coast of the continent, less than three years after overcoming rising
To improve its supply-chain capabilities, GE Aerospace announced on Tuesday that it would purchase castings manufacturer Consolidated Precision Products from investment firms Warburg Pincus and
In a concerted effort by Beijing to bolster capital throughout its financial sector, China’s finance ministry will oversee a total of $54 billion in capital
A unit of Tata Consultancy Services announced on Saturday that its partners would invest up to 700 billion rupees ($7.41 billion) to construct a 1-gigawatt
ByteDance secured a $29.6 billion loan from nearly 30 banks on Friday. The Chinese social media giant’s bet on AI development sparked strong interest from
In what it called “crisis preparedness” during a period of worldwide political turmoil, the Dutch central bank declared on Wednesday that it had transferred billions
Uber Technologies, a ride-hailing company, announced on Wednesday that it will discontinue its 12-year presence in Nigeria, Africa’s most populous country, on September 2. Uber
South Korean foreign exchange authorities purchased roughly $20 billion in US dollars that SK Hynix sold following its $26.5 billion US depositary receipt listing in
A group of twenty-one financial institutions, including Goldman Sachs, Bank of America, Citi, and Deutsche Bank, announced on Tuesday that they intend to establish a
In one of the largest insurance acquisitions in recent memory, Aon announced on Monday that it would purchase rival USI Insurance Services from private equity
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