Market value worth more than $170 billion from the entire crypto currency market was wiped off on Monday after a fall in the value of bitcoin and other digital coins. According to Coinmarketcap, at 12:10 p.m. Singapore time, the total… Read More ›
Entrepreneurship
Bahrain opens airspace with Doha from January 11
In a development that sees the end of a regional dispute, Bahrain’s civilian affairs authority said, it will open its airspace to Qatar from January 11. The development comes in the wake of a U.S.-backed deal by Arab states last… Read More ›
U.S. investment powerhouse KKR closes Asia Pacific infrastructure fund at $3.9 billion
On Monday, KKR & Co, a U.S.-based investment powerhouse stated, it has closed a fund targeting infrastructure-related investments in Asia Pacific at $3.9 billion. In a press release KKR said, the fund was its first in the region for the… Read More ›
U.S.-Taiwan relation elevated to global partnership
On Monday, in a development of significant geostrategic importance, Taiwanese Foreign Minister Joseph Wu stated, U.S.-Taiwan relations have been elevated to a global partnership while describing the U.S. lifting of restrictions on interactions between officials from both sides as a… Read More ›
Morgan Stanley, and Goldman Sachs JPMorgan to delist some HK-listed structured products following U.S. ban
In a statement, Morgan Stanley, and Goldman Sachs JPMorgan said, they will delist 500 Hong Kong-listed structured products following a U.S. ban on investments in companies Washington has labeled as deemed to be linked to the Chinese military. The Hong… Read More ›
Patria Investments Ltd expects IPO valuation between $1 billion to 1.6 billion
In a statement Brazilian asset manager Patria Investments Ltd said it is slated to reach a valuation of between $1 billion to $1.6 billion in its planned initial public offering (IPO) on Nasdaq. On December 30, Patria, which has $13… Read More ›
UK Watchdog Claims 4,000 Financial Firms Could Collapse Due To Covid-19 Hit
According to the estimates of the Financial Conduct Authority of the United Kingdom, the economic impact of the first wave of the novel coronavirus pandemic has put almost 4,000 financial companies of the country at the brink of and at… Read More ›
Fujifilm Holdings Corp to invest $2 billion in new cell culture production site in United States
In a statement Fujifilm Holdings Corp said, it aims to invest up to $2 billion so as to create a new large-scale cell culture production site in the United States. The new plant will help accelerate growth of the company’s… Read More ›
World’s biggest cement maker LafargeHolcim acquires Firestone Building Products from Bridgestone Americas for $3.4 billon
On Thursday, the world’s biggest cement maker LafargeHolcim said, it will acquire Firestone Building Products from Bridgestone Americas for $3.4 billon. Firestone Building Products specialises in commercial roofing in the United States. In 2020, it recorded sales of around $1.8… Read More ›
NYSE to delist 3 Chinese telecom companies
In an about turn the New York Stock Exchange stated, it will delist three Chinese telecom companies. The development comes in the wake of U.S. Treasury Secretary Steve Mnuchin telling the NYSE’s chief that he disagreed with its decision to… Read More ›
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