Commentary: Flights To Nowhere Raise Bigger Questions About Singapore Airlines’ Future - Cna
Questions surrounding the environmental impact of aviation have cropped up with this latest saga, but this is a chance for SIA to adopt long-term green solutions and become one of the world's pioneering net-zero airlines, says Eric Bea.
Top Finance Stories From Week Of September 14
Summary List Placement SPACs, IPOs, and direct listings. These days it seems like everyone's got an opinion on the best way for a company to make its way to public markets. Direct listing fans are bashing the traditional IPO process after Snowflake's massive first-day stock pop, saying it amounted to big money being left on the table. Meghan Morris and Dakin Campbell took a closer look at what's behind the huge pricing disconnect. SoftBank-backed Opendoor plans to go public by merging with a SPAC backed by tech investor Chamath Palihapitiya.
China Ai Startups Surge Forward With $30bn Funding Since 2016 - Nikkei Asian Review
TOKYO -- Fundraising by Chinese artificial intelligence startups has increased rapidly since the Beijing government announced an AI drive in 2016, according to a report compiled by the Chinese tech news portal 36Kr. China is an AI powerhouse comparable to the U.S., and the report shows that this is due to its homegrown startups. Unlisted companies alone have raised 203.7 billion yuan ($30.1 billion) since 2016, according to a 2020 report on the development of AI in China, which was compiled by the research unit of 36Kr Holdings. Nikkei announced a partnership with 36Kr in May 2019.
Blackstone Sells 23% Stake In Essel Propack Via Open Market Transactions | Business Standard News
Blackstone sold 23 per cent stake in Essel Propack, one of the largest manufacturers of laminated tubes used mostly by FMCG and pharma companies.
Cams Raises Rs 667 Crore From Anchor Investors Ahead Of Ipo
Computer Age Management Services (CAMS) has raised Rs 666.57 crore from anchor investors ahead of the opening of its initial public offer (IPO) on Monday.
Shale Markets, Llc / Inpex, Chevron To Cut Australian Lng Jobs
By Adnan Bajic Japanese oil and gas major Inpex is set to cut the workforce numbers at its Ichthys liquefied natural gas project in Australia. Courtesy of Inpex Likewise, the U.S. major Chevron is set to reduce the workforce at its Australian projects. The latest cuts are a continuation of the effects the coronavirus pandemic...
Low Financial Literacy Is A Major Challenge Keeping Rural Area Residents In Indonesia From Accessing Modern Fintech Services
Low Financial Literacy Is a Major Challenge Keeping Rural Area Residents in Indonesia from Accessing Modern Fintech Services Crowdfund Insider. : Industry professionals in Indonesia are calling on Fintech firms to expand their operations outside of Java and partner up with the nation's government in order to cater to the requirements of the unbanked population. Only 23% of Fintech firms in the country have a reach beyond the island of Java, meanwhile, just 41% maintain operations in Greater Jakarta, according to a recent survey conducted by the Indonesian Fintech Association or Aftech, which includes responses or feedback from its members.
Gso Capital Partners Forms Cleargen Portfolio Company
The Blackstone Group Blackstone, through funds managed by GSO Capital Partners, has formed a new portfolio company called ClearGen. ClearGen aims to finance and own distributed and sustainable energy infrastructure assets, or distributed infrastructure, focused on commercial, industrial, and institutional customers. GSO Capital will initially commit US$ 250 million to fund ClearGen and expects to [...]
The Greatest Trade Of All Time--and What Bill Ackman Is Investing In Now | Barron's
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/the-greatest-trade-of-all-timeand-what-bill-ackman-is-investing-in-now-51600457809 There are many worthwhile candidates on Wall Street for the Greatest Trade of All Time. There's Jesse Livermore's bet that the stock market would fall in 1929. He pocketed something like $100 million in profit, akin to $1.5 billion today. There is George Soros' 1992 bet that the British pound would fall against a basket of other currencies. When it did, the Hungarian-American investor made $1 billion.
Sequoia Had A $9B Week From Three Ipos And Helped On Tiktok
The 48-year-old venture capital firm, long the envy of its Silicon Valley peers because of early bets on Apple, Cisco, Google, LinkedIn, WhatsApp and Zoom, just wrapped up a five-day stretch that, for many rivals, would mark a strong five-year run. Sequoia has an 8.4% stake in Snowflake, which had the biggest software IPO ever, and is the largest owner of gaming company Unity. It also owns shares in Sumo Logic, which debuted on Thursday. Sequoia's holdings in those three companies are worth about $9 billion as of Friday's close. And then there's TikTok.