The Wall Street giant said Thursday that it is “winding down its business in Russia in compliance with regulatory and licensing requirements,” a Goldman Sachs spokesperson said. The departure follows a scramble by Western banks to tally their exposure to Russia after President Vladimir Putin ordered the invasion of Ukraine, […]
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How Putin’s $11 billion pipeline split NATO and the EU at a time of crisis
The United States, United Kingdom, Ukraine and several European Union member states have fiercely opposed the pipeline ever since it was first announced in 2015, warning the project would boost Moscow’s influence in Europe. According to experts, that on its own is a win for Russian President Vladimir Putin. Kristine […]
Evergrande debt crisis: Chairman has sold $1.1 billion worth of his personal assets to prop up the company, Chinese state media reports
Xu has sold several houses in Hong Kong, Guangzhou and Shenzhen, as well as some private jets, the state-owned China Business News reported Tuesday, citing anonymous sources close to the matter. The cash, which Xu has been pumping into Evergrande since the beginning of July, has been used to “maintain […]
Zoom buys Five9 in $14.7 billion deal to prepare for a post-pandemic world
Zoom (ZM) announced the acquisition Sunday night. In a statement, it said the move will “help enhance Zoom’s presence with enterprise customers and allow it to accelerate its long-term growth opportunity.” Five9 provides software to customer service centers for over 2,000 clients around the globe. The all-stock deal will give […]
Zomato IPO: Indian food delivery startup is raising $1.3 billion in major public offering in Mumbai
Food delivery startup Zomato is looking to raise some $1.3 billion this week in an initial public offering in Mumbai, the company said in a recent regulatory filing. It expects to close its books on Friday, and is the biggest offering in the country so far in 2021, according to […]
Google earnings: Alphabet stock jumps nearly 4%, sees revenue jump 34% to $55.3 billion in the first quarter
Google’s parent company reported revenues of $55.3 billion for the first three months of the year — a 34% jump from the same period last year — and made close to $18 billion in profit, comfortably blowing past analyst estimates. It also announced a $50 billion stock buyback. The company’s […]
American Financial Group, Inc. Announces Agreement to Sell its Annuity Business to MassMutual for $3.5 Billion
CINCINNATI–(BUSINESS WIRE)–Jan 27, 2021– American Financial Group, Inc. (NYSE: AFG) announced today that it has entered into a definitive agreement to sell its Annuity business to Massachusetts Mutual Life Insurance Company (MassMutual) for $3.5 billion in cash, subject to final closing adjustments to the extent that GAAP shareholders’ equity excluding […]
Business Accounting Software Market- USD 4.4 Billion by the end of 2024 | 6.3% over the period 2017-2024
The MarketWatch News Department was not involved in the creation of this content. Jan 12, 2021 (AmericaNewsHour) — Recent report published by research nester titled “Business Accounting Software Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the business accounting software market in terms of market segmentation by application, […]