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
Category: WORLD NEWS
China to inject $54 billion into state banks, insurers to boost their capital reserves.
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
India’s Tata bets big with a $7.4 billion world-class AI data center campus.
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
TikTok maker ByteDance secures $29.6 billion mega unsecured loan in AI push.
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
Global political unrest: Dutch central bank moves billions in gold reserves to London.
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
South Korean FX authorities scoop up $20 billion as SK Hynix repatriates $26.5 billion in listing proceeds.
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
Goldman Sachs, BofA, and 19 other banks to issue dollar stablecoins jointly in 2027.
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
Aon acquires rival insurance firm USI for $17 billion in a landmark industry deal.
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
ChatGPT Ads has achieved an annualized revenue run rate of $1 billion as global rollout takes off.
OpenAI said on Monday that its advertising division, ChatGPT Ads, has achieved an annualized revenue run rate of $1 billion as adoption increases and the
German insurer Allianz is evaluating a $6.77 billion buyout of AA, a roadside rescue giant.
Allianz, a financial services business located in Germany, is contemplating a £5 billion ($6.77 billion) takeover attempt for AA, the breakdown recovery group. Founded in
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