Oil demand could see 'lasting impacts' from the coronavirus, according to the World Bank. : (Bloomberg) -- Oil demand could see "lasting impacts" from the coronavirus while modest gains are projected in metals and agriculture prices as commodity markets recover from the shock of the pandemic, according to the World Bank. The World Bank boosted its projections from April for the average oil price in 2020 and 2021 to $41 a barrel and $44, respectively, as a slow recovery in demand is matched by an easing in supply restrictions. That still leaves prices well below 2019 levels of $61.
Regional political turmoil and health and economic concerns caused by the Covid-19 pandemic have prompted more wealthy families in Asia to set up primary or satellite family offices in Singapore. According to the Monetary Authority of Singapore (MAS) website, assets managed by single-family offices have risen an estimated five-fold from 2017 to 2019. Earlier this month, Singapore's senior minister Tharman Shanmugaratnam, who is also the minister in charge of the MAS, said in a written response to a question in parliament that about 200 single family offices manage around $20 billion of assets in the city-state.
Cap Table Platform For Hyper-growth Startups Pulley Raises $10M Through Series A Investment Round Led By Stripe
Cap Table Platform For Hyper-Growth Startups Pulley Raises $10 Million Through Series A Investment Round Led By Stripe Crowdfund Insider. : Pulley, a U.S.-based cap table platform for hyper-growth startups, announced on Wednesday it raised $10 million through its Series A investment round, which was led by Stripe, with participation from General Catalyst, Caffeinated Capital, 8VC, Combine and Hustle Fund. Founded in 2019, Pulley's mission is to make it easier for anyone to start a company. "We strongly believe that more startups should be created, and that founder-led companies are more successful in the long term.
Existing investor Rotating Boulder Fund also invested. The post Chinese investors pour $105m into US biopharma firm Sirnaomics's Series D appeared first on DealStreetAsia.
This week, travel startups raised $125 million in funding for RV rentals, short-term rentals, pod hotels, travel agencies, and flight-free itineraries. -Sean O'Neill.
For 2020, this festival will offer self-guided tours, an app, and a YouTube channel to teach about Chicago's architectural history.
StreetShares Secures $10 Million Through Latest Funding Round Crowdfund Insider. : Financing small businesses lender StreetShares announced on Thursday it secured $10 million through its latest investment round, which involved funding from Motley Fool Ventures, Ally Ventures (the strategic investment arm of Ally Financial), and individual fintech angel investors. Founded in 2013, StreetShares describes itself as America's social financial community specifically for veterans, active duty military, their families, and supporters. The lender providers financial products, such as the following: StreetShares also noted that since January 2020, its platform clients nearly doubled to 53 financial institutions.
[The New Humanitarian] Khartoum -- 'We had a terribly toxic environment. ': In the wake of George Floyd's death and the Black Lives Matter protests that followed, Catholic Relief Services told its staff it was launching an initiative to stamp out racism within the NGO, one of the world's largest charities. Soon after, its American boss in Sudan sent staff a reminder for the launch. The same day - 28 July - he was arrested on a charge of verbal abuse for calling a security guard a "slave".
As many healthcare practitioners and attorneys can attest, private equity investment has become an increasingly prevalent feature of the healthcare industry. From blockbuster deals like KKR's purchase of Envision Healthcare Corp., to smaller but numerous physician practice buyouts by private equity firms across the country, the perceived benefits of private equity investment have proved alluring to healthcare providers. And from the opposite perspective, the expected profits of the healthcare...By: Bradley Arant Boult Cummings LLP.
Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.