In the week ending May 11, equity funds across the globe witnessed a surge in outflows on the back of fears of an economic slowdown and further tightening by central banks as they take steps to stem inflation. In the… Read More ›
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Photonics startups gaining traction in funding rounds
Computer technology that uses photons rather than electric currents for processing, which a few years ago were only research projects, are now gaining traction with such startups gaining big funding. The latest case in point is Ayar Labs, a startup… Read More ›
Moscow will take legal steps if forced to default on sovereign debt payments: Finance Minister
On Monday, in a significant development, Russian Finance Minister Anton Siluanov said, Moscow will initiate legal steps if the United States tries to force it to default on its sovereign debt. “Of course we will sue, because we have taken… Read More ›
Chinese fast fashion e-commerce startup Shein aiming for $100 billion valuation in funding round
On Sunday, a report from Bloomberg states, China’s fast fashion e-commerce startup Shein is aiming for a valuation of around $100 billion, in its latest funding round. The Chinese online retailer is negotiating with potential investors to raise around $1… Read More ›
Russia central bank blocks foreign entities and individuals to sell Russian securities
The Russian central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell Russian securities from Monday morning. The order was published by ACI Russia, the national organisation… Read More ›
Pfizer’s surge in revenue triggers potential acquisitions
On Tuesday, investors hope to learn Pfizer Inc’s plans for what could be a once in a generation cash infusion from COVID-19 treatments and vaccines in 2022. Some drugmakers are looking to spend on potential acquisitions. According to Chief Executive Albert… Read More ›
Pershing Square Capital Management takes new position in Netflix Inc
With Netflix Inc’s shares touching a new low last Thursday, William Ackman has built a new stake worth $1 billion in the streaming service company. In a message to investors, Ackman said his hedge fund, Pershing Square Capital Management, had… Read More ›
Bain Capital weighs taking stake in French food caterer Sodexo
Bain Capital is looking to take a stake in French food caterer Sodexo after the Paris-listed firm said it was on the lookout for investors that could help fund the group’s turnaround, said sources. Sodexo, which has a market value of… Read More ›
Blackstone to invest $3 billion in Invenergy Renewables Holdings LLC
In a statement Blackstone Inc said, it would invest around $3 billion in the largest private renewable energy company in North America. The deal marks Blackstone, the world’s largest manager of alternative assets boosting its sustainability credentials in Invenergy Renewables Holdings… Read More ›
US Appeals Court revives Libor rigging claims against big banks
In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
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