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Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal

Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring startup Brex for $5.15 billion, the latest splashy deal undertaken by CEO Richard Fairbank. The firm, which disclosed the deal in its fourth-quarter earnings statement, said it would pay 50% cash and 50% stock for Brex. Shares of the…

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Reliance to fund oil refinery in US; Donald Trump calls it ‘historic $300 billion deal’

MUMBAI: Reliance Industries (RIL) will bankroll the first new oil refinery project in the US in 50 years, marking one of its biggest overseas bets and a return to the American energy market after four years.America First Refining (AFR), the startup developing the refinery at the Brownsville port in Texas, said it received a “nine-figure…

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Manipur: Mob attacks Kuki Zo Council chairman’s residence in Churachandpur, blank fire reported | India News

IMPHAL: A mob tried to barge into the residence of Kuki Zo Council chairman H Thanglet in Manipur‘s Churachandpur town, following which armed men opened blank fire to disperse them, officials said.The incident took place on Sunday night after youths protested the reported presence of militants in the chairman’s house in the district headquarters.They pelted…

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US market today: Wall Street trades flat; defence stocks rally on Donald Trump’s military spending push

US stock indices were largely subdued in early Thursday trade, even as defence companies rallied sharply after President Donald Trump said he wants to significantly raise military spending.The S&P 500 slipped 0.2% in early trading, though it remained close to its recent all-time high. The Dow Jones Industrial Average was down 109 points, or 0.2%,…

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