Articles for Billion Fund

China's unemployment insurance covers 245m people: ministry
2 months, 2 weeks ago

China's unemployment insurance covers 245m people: ministry

China Daily  

BEIJING -- The number of people in China covered by unemployment insurance had reached 245 million by the end of September, sources with the Ministry of Human Resources and Social Security have said. Data from the ministry shows that in 2023, 7.3 million unemployed people nationwide received unemployment insurance benefits totaling 72.9 billion yuan, up 13.6 billion yuan from the …

Insurance Unemployment Billion Covers 245M Yuan Unemployment Insurance
Franklin Templeton unit replaces investment chief, closes $2 billion fund amid US probes
4 months ago

Franklin Templeton unit replaces investment chief, closes $2 billion fund amid US probes

Live Mint  

* Michael Buchanan named new chief investment officer * Western Asset Management cooperating with federal investigations * Franklin Templeton shares drop over 12% following news NEW YORK, - Fixed income manager Western Asset Management, a unit of investment manager Franklin Templeton or Franklin Resources, said on Wednesday it had replaced a top investment executive and would shutter a $2 billion …

Western Franklin Sec Asset Franklin Templeton Billion Fund Chief Investment
Hollywood’s Paramount rule
5 months ago

Hollywood’s Paramount rule

Live Mint  

The first rule of Hollywood: Never spend your own money. Now 41, an avid pilot and son of $172 billion net worth Oracle founder Larry Ellison, Mr. Ellison is set to take over the storied Paramount studio. Mr. Ellison, then in his late 20s, figured he’d raise several hundred million from outside investors for a film fund. One investor told …

Money Films Hollywood Fund Billion Smart Rule
The $230 billion donor-advised fund industry gets an IRS hearing
7 months, 2 weeks ago

The $230 billion donor-advised fund industry gets an IRS hearing

Associated Press  

WASHINGTON — Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. DAF supporters urged the IRS to revise its plan, with some arguing that the proposed restrictions would make donor-advised funds less attractive when charitable …

Community Fund Billion Funds Donors Irs Include
Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses
10 months, 2 weeks ago

Japan’s SoftBank Group marks a return to profit as it cuts Vision Fund losses

Associated Press  

TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen, profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. Its 458.7 billion yen loss for April-December was still an …

Japan Billion Yen Softbank
Inside billionaire Ken Griffin's plans to create $1 billion mega mansion in Palm Beach - just a quarter mile south of Trump's Mar-a-Lago
1 year, 2 months ago

Inside billionaire Ken Griffin's plans to create $1 billion mega mansion in Palm Beach - just a quarter mile south of Trump's Mar-a-Lago

Daily Mail  

Hedge fund billionaire Ken Griffin has revealed plans to create the world's most expensive home - a $1 billion mega-estate just a quarter mile south of Donald Trump's Mar-a-Lago. Hedge fund billionaire Ken Griffin has revealed plans to create the world's most expensive home - a $1 billion mega-estate just a quarter mile south of Donald Trump 's Mar-a-Lago. The …

London Florida Construction Beach Trump Miami Chicago
Four ways to bring down rent and build homes faster than Labor's $10 billion housing fund
1 year, 7 months ago

Four ways to bring down rent and build homes faster than Labor's $10 billion housing fund

ABC  

Treasurer Jim Chalmers is the first in decades to declare war on what he calls the "pain of rising rents". I can think of at least four things that would do more to restrain rents than Labor's $10 billion fund — and one of them would do it a lot quicker. Greens and Coalition unite to block Housing Australia Future …

Labor Homes Housing Future Budget Number Canberra
US backstops Silicon Valley Bank sale to First Citizens
1 year, 8 months ago

US backstops Silicon Valley Bank sale to First Citizens

Live Mint  

U.S. regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares to acquire failed Silicon Valley Bank, triggering an estimated $20 billion hit to a government-run insurance fund. First Citizens will assume Silicon Valley Bank's assets of $110 billion, deposits of $56 billion and loans of $72 billion as part of the deal. First Citizens …

Banking Fund Billion Deal Valley Silicon Fdic
Man United bids draw financing interest from Ares -sources
1 year, 10 months ago

Man United bids draw financing interest from Ares -sources

The Hindu  

Buyout financier Ares Management Corp has been offering funds to support a takeover of Manchester United, three sources familiar with the matter told Reuters. Ares, one of the largest providers of private credit, was reported in 2020 to be backing Miami-based football investor Kapital Football Group in its pursuit of buying an English Premier League club. Ares was also reported …

Man Manchester United Club Fund Ineos Usd Ares
Labor's major housing policy likely to face changes after opposition from Coalition, Greens
1 year, 10 months ago

Labor's major housing policy likely to face changes after opposition from Coalition, Greens

ABC  

The federal government will likely be forced to change its housing plan, with both the Opposition and Greens raising concerns about the $10 billion fund. Key points: The Greens want $5 billion spent every year to build new houses, up from $500 million The Coalition will finalise its position on the bill today but have not flagged support for it …

Support Homes Greens Billion Fund Housing Legislation Rent Housing
Adani to use $2.5 billion share-sale proceeds for capex, debt repayment
1 year, 11 months ago

Adani to use $2.5 billion share-sale proceeds for capex, debt repayment

The Hindu  

India's Adani Enterprises will use the proceeds of the ₹200 billion follow-on public offering, beginning on January 27, for capital expenditure requirements and pay off some debt of its units. The company will use ₹108.69 billion from India's biggest FPO to fund green hydrogen projects, airports facilities and greenfield expressways, the Indian billionaire Gautam Adani-helmed firm said in its latest …

India Billion Adani
Canada pension fund co-invests around $204 mn in India in the June quarter
2 years, 4 months ago

Canada pension fund co-invests around $204 mn in India in the June quarter

Live Mint  

Canada Pension Plan Investment Board has co-invested around $204 million along with its private equity partners in India during the June quarter, according to the pension fund’s quarterly filing. The pension fund acquired a 5% stake for $50 million in Acko and a 9% stake for $34 million in Kogta Financial as part of the transactions led by Multiples Private …

India Equity Investment Fund Million Quarter Sajjan India
Significant progress in talks with Sri Lanka: IMF
2 years, 5 months ago

Significant progress in talks with Sri Lanka: IMF

The Hindu  

The International Monetary Fund on Thursday said it has made“significant progress” in talks with Sri Lanka, which has sought the global financial institution’s help to cope with its unprecedented economic crisis. Concluding a ten-day visit to the island nation, an IMF team said: “Significant progress was made, and discussions will continue virtually towards reaching a staff-level agreement on the EFF …

India Sri Lanka Lanka Bill Eff Significant Progress Fund Imf
Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case
2 years, 8 months ago

Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case

ABC  

Former Goldman Sachs banker Roger Ng has been convicted by a US jury of corruption charges related to his role in helping embezzle hundreds of millions of dollars from Malaysia's 1MDB development fund. Key points: Prosectutors said Ng helped his former boss embezzle money from the fund, launder the proceeds and bribe officials to win business for Goldman Ng is …

Trial Money Fund Goldman Sachs Malaysia Malaysian Goldman
Ex-Google executive raising $1 billion Middle East tech fund
3 years, 2 months ago

Ex-Google executive raising $1 billion Middle East tech fund

Live Mint  

STV, a venture capital firm started by ex-Google executive Abdulrahman Tarabzouni, is looking to raise at least $1 billion for its second Middle East technology investment fund, making it potentially the biggest fund of its kind in the region, according to people familiar with the matter. The company, formed in 2017 with $500 million provided entirely by Saudi Telecom Co., …

Middle East Tech Fund Stv
China pledged $233 million into a new fund to protect biodiversity in developing countries during COP15
3 years, 2 months ago

China pledged $233 million into a new fund to protect biodiversity in developing countries during COP15

Firstpost  

This pledge came as delegates from about 195 countries gathered in Kunming for the first of a two-part summit on safeguarding plants, animals and ecosystems. China on Tuesday pledged to inject $233 million into a new fund to protect biodiversity in developing countries during a key UN conservation summit, despite disagreements among major donors on the initiative. “China will take …

China Biodiversity Developing Countries Fund Protect Summit Kunming
LaLiga: Spanish league to sell $3.2 billion stake to private equity fund – Firstpost
3 years, 4 months ago

LaLiga: Spanish league to sell $3.2 billion stake to private equity fund – Firstpost

Firstpost  

The CVC investment has to be approved later Wednesday by the league’s executive committee before it can be put to a general assembly vote of the clubs. Spain’s top football league announced Wednesday it has agreed in principle to sell 10 percent of its business to private equity firm CVC Capital Partners for 2.7 billion euros to help finance long-term …

League Cvc
A philanthropic drive to aid Black women is gaining momentum
3 years, 8 months ago

A philanthropic drive to aid Black women is gaining momentum

Associated Press  

The needs of Black women and girls have become a focus of philanthropic efforts as major donors seek to narrow a racial wealth gap and address chronic funding disparities for groups that serve minority women. The Black Girl Freedom Fund will seek to support legal advocacy and fight against what it calls “structural violence enacted against Black girls.” As part …

Philanthropy Women Organizations Black Girls Foundation Black Women
Jeff Bezos names Andrew Steer as head of Bezos Earth Fund
3 years, 9 months ago

Jeff Bezos names Andrew Steer as head of Bezos Earth Fund

The Hindu  

Amazon.com Inc's Jeff Bezos on Tuesday named Andrew Steer, who leads environmental think tank World Resources Institute, as the president and chief executive officer of his $10 billion Earth Fund. The billionaire started the Bezos Earth Fund last year and committed $10 billion to fund scientists, activists, nonprofit organizations and other groups fighting to protect the environment and counter the …

Fund Bezos Steer Bezos Earth Fund
National Grow Fund: €20 billion reserved for infrastructure, innovation, R&D
4 years, 3 months ago

National Grow Fund: €20 billion reserved for infrastructure, innovation, R&D

NL Times  

In the coming five years, the government is pushing a total of 20 billion euros into the National Growth Fund, which is intended to fund once-off projects that will make the Dutch economy more resilient in the next 20 to 30 years, Ministers Wopke Hoekstra of Finance an Eric Wiebes of Economic Affairs and Climate announced on Monday. Hoekstra said …

Dutch Fund