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SoftBank to invest €75 billion in 5 GW French AI centresSoftBank Group is set to invest up to $87 billion in France to build 5 gigawatts of AI data center capacity, aiming to establish the countr...- Japan loses status as world's top creditorJapan has lost its position as the world's top creditor after 34 years, falling behind Germany, even as its net external assets last year h...
- FTX opposes new bankruptcy investigation as it probes Bankman-Fried connectionsFTX acknowledged "fraud, dishonesty, incompetence, misconduct, mismanagement, and irregularity" in its past conduct, but said that its prev...
- US treasury, financial watchdogs, companies among FTX creditors: filingThe US Treasury's Financial Crimes Enforcement Network (FinCEN) and US Internal Revenue Service (IRS) are among those owed money by FTX.
- Sri Lanka thanks India for backing its $2.9 billion bailout package; issuing guarantees to IMFIn a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary gua...
- Jaishankar conveys India's commitment to increase investment flows to Sri Lanka to hasten economic recovery"Look forward to my discussions with the leadership tomorrow morning," Jaishankar tweeted after he held talks with his Sri Lankan counterpa...
- Have sent formal creditor's assurance to IMF for bailout package to Lanka: MEASri Lanka, which is trying to secure a much-needed USD 2.9 billion bridge loan from the International Monetary Fund (IMF), had been trying ...
- Sri Lanka has "successfully" completed debt restructuring talks with India: President WickremesingheThe IMF facility would enable the island nation to obtain bridging finance from markets and other lending institutions such as the ADB and ...
- Pakistan to avail Rs 335 billion debt relief from G20 to mitigate negative effects of pandemicPakistani authorities sought help from the World Bank to develop a standard format for seeking debt relief from bilateral creditors but due...
- ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisitionArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.
- Minority stakeholders make a bid for Ricoh IndiaCurrently, Ricoh India is working on the digitisation of 1.3-lakh post offices across the country.
- ArcelorMittal to make $1 bln creditor payment to bid for Essar SteelEssar Steel's committee of creditors now has an eight-week period to evaluate bids.
- Essar Steel's $6 billion sale is said to face delayA committee of Essar Steel creditors, originally slated to convene earlier this week, has postponed a meeting to discuss the offers, accord...
- Apollo Tyres in race to acquire Kumho Tire in a $900 million dealThe three are among four suitors shortlisted with the fourth said to be French heavyweight Michelin, though ET could not confirm this indep...
- Japan tops developed world's 'debt curse': StudyThe developed world is suffering from a "debt curse," with the worst case -Japan- expected to take up to 2084 to bring its public debt down...
- China cuts back US Treasury bond holdings: TreasuryChina cut back its Treasury bond holdings in January but remained the top owner of US government debt, the Treasury Department said on Mond...
- India buys $20-bn US treasury bills in just 6 monthsIndia has lent $20 billion to the US over six months since the collapse of iconic investment bank Lehman Brothers. Top Indian Banks I Large...
- US debt could increase by $2 trillion this yearThe US national debt is expected to jump by as much as $2 trillion this year, thus putting more pressure on the American economy, a leading...
- Slow progress for activist investors in JapanCorporate Japan has never liked having change thrust upon it, but activist investors are slowly making themselves heard in Asia's largest e...
- Videocon may walk out of Daewoo bidThe company is having second thoughts on the deal after failing to arrive at a mutually agreeable deal.
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