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bbc.co.uk May 05, 2022

Shell Profits Nearly Triple As Oil Prices Surge - Bbc News

The oil giant says pulling out of Russian oil and gas activities had cost it $3.9bn (£3.1 billion). : Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the same period last year. But the firm said pulling out of Russian oil and gas due to the Ukraine conflict had cost it $3.9bn (£3.1bn).
Read by 79% of LPs

forbes.com 11 hours, 35 minutes ago

Energy Billionaire Sarath Ratanavadi's Wealth Rockets As His Telecoms Bet Pays Off

Sarath moves up one spot to No. 4 on Thailand's 50 Richest, as his Gulf Energy expands plans to include digital infrastructure.
Read by 66% of LPs

fortune.com 12 hours, 15 minutes ago

High Inflation Could Last Years: Scion Hedge Fund Founder Michael Burry Tweets

Scion Asset Management's Michael Burry said in a Tuesday tweet that he also sees geopolitical issues worsening.
Read by 45% of LPs

fortune.com 12 hours, 35 minutes ago

How Bridgewater's Flagship Hedge Fund Beat The Bear Market In The First Half Of 2022

Is Ray Dalio the king of the bears? As chairman of the world's largest hedge fund with a flagship fund that returned 32% year-to-date, Insider reports, what was Bridgewater's secret?
Read by 51% of LPs

brisbanetimes.com.au 13 hours, 5 minutes ago

Cryptocurrency Meltdown Hasn't Hurt Wall Street Giants

In the great cryptocurrency bloodbath of 2022, Wall Street is winning. Other investors have not been so lucky. : We're sorry, this feature is currently unavailable. We're working to restore it. Please try again later. In November, in the midst of an exuberant cryptocurrency market, analysts at BNP Paribas, a French bank with a Wall Street presence, pulled together a list of 50 stocks they thought were overpriced -- including many with strong links to digital assets. They nicknamed this collection the "cappuccino basket," a nod to the frothiness of the stocks.
Read by 31% of LPs

pymnts.com 13 hours, 25 minutes ago

Mexican Fintech Undostres Raises $30M In Series B

Digital payments platform UnDosTres has raised $30 million in a Series B funding round, the Mexico City-based company announced in a Wednesday (July 6) press release. The FinTech, which provides offerings such as airtime top-ups, service payments and entertainment purchases, was founded in 2015 by entrepreneurs Vikram Deswal, Naveen Sharma and Arpit Gupta. "With this [...]
Read by 30% of LPs

rigzone.com 13 hours, 35 minutes ago

Tgs Brings Prediktor Under Its Ownership

TGS has acquired an asset management and real-time data management solutions provider Prediktor. : TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor, a provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling data-driven automated operations solutions and optimization of asset portfolios. Based in Fredrikstad, Norway, with 40 employees, Prediktor counts some of the world's leading renewable energy producers among its clients.
Read by 41% of LPs

forbes.com 14 hours, 25 minutes ago

Social Infrastructure Startup Intros Raises $1.3M To Automate Community Member Introductions

As more activities between groups of people start online, the need to efficiently connect members of a community rises for the billions of people across the globe. Intros.ai provides automated "introductions that happen over email, text, Discord, Telegram, or Slack."
Read by 33% of LPs

forbes.com 14 hours, 35 minutes ago

Book Review: Sachin Khajuria Eloquently Takes Readers Inside The Heroic World Of Private Equity With 'two And Twenty'

The world would be a much less prosperous place without these courageous investors whose work greatly improves companies. : "If you ever do that to me again, I'm going to kill you." The late Pete Peterson uttered those somewhat tongue-in-cheek words to Stephen Schwarzman in 1985, not long after they'd founded Blackstone together. They had just exited yet another failed investor pitch for their then-boutique investment bank, and Peterson was frustrated. Specifically, they'd just met with Delta Airlines.
Read by 65% of LPs

wealthmanagement.com 15 hours, 35 minutes ago

Mercer Advisors Acquires $250M Starks Financial Group In Nc

Mercer onboards its 10th women-led advisory firm and its first in North Carolina. : Mercer Global Advisors, one of the largest and fastest growing registered investment advisors in the nation, announced its 11th acquisition of the year with the addition of Starks Financial Group, located in Asheville, N.C. Founded in 1999 by Dawn Starks, the RIA brings approximately $250 million in assets under management to Mercer, as well as experience with SRI, ESG, impact and thematic investing for retirees, women and same-sex couples. The firm is affiliated with Raymond James Financial Services, its independent broker/dealer.
Read by 58% of LPs

financialexpress.com 15 hours, 35 minutes ago

Axilor Ventures Plans For Second Fund Worth $100M | The Financial Express

Its portfolio companies include Detect, Enkash, Headfone, Locofast, Loco, Medfin, Niramai, Urban Piper, Vyapar and Wiz. : Axilor Ventures, an early-stage venture capital (VC) firm founded in 2014, said it plans to launch a second fund called Axilor technology fund (ATF) - 2 with a total corpus of $100 million, almost four times the size of the first fund. The new fund will look at "emerging opportunities" in the enterprise software-as-a-service (SaaS), business-to-business (B2B) commerce, agritech, consumer tech, fintech, and health tech.
Read by 64% of LPs