BOSTON, April 19, 2021-- SES, the world leader in development and manufacturing of next generation Li-Metal rechargeable batteries for electric vehicles, announced today that it has completed a Series D funding round of $139M. This funding is led by General Motors. Additional contributors include existing investors SK Inc., Temasek, Applied Ventures LLC, Shanghai Auto and Vertex. "This new round of funding will help accelerate technology development, significantly expand our technical, business and manufacturing teams, and expedite the commercialization of Li-Metal batteries," said Qichao Hu, founder and CEO of SES.
Direct Sovereign Wealth Fund and Public Pension Investment into the Electric Vehicle Industry Data is from SWFI.com. Direct equity investments by sovereign wealth funds and public pension funds. SWFI created both the investor group and collection of companies to fit the group requirements. Date: April 2021. Billions in US Dollars. Some of the company constituents [...]
Fitch Ratings awarded Saudi Real Estate Refinance Company an "A" credit rating before a planned issuance of international bonds. Saudi Real Estate Refinance seeks to issue up to US$ 1 billion in sukuk before the end of the year. Formed in 2017, Saudi Real Estate Refinance Company provides real estate financing services and is owned [...]
BANGKOK -- Gulf Energy Development, an up-and-coming Thai conglomerate known for its power generation business, on Monday proposed a buyout of InTouch Holdings, the largest shareholder of Advanced Info Service, the kingdom's largest mobile operator. Gulf Energy, which held an 18.93% stake in InTouch as of Friday, plans to buy the rest of the telco's issued shares at 65 baht each. The Bangkok-based company will have to prepare 169 billion baht ($5.4 billion) to acquire the 2.6 billion shares. InTouch, which is also the largest shareholder of satellite company Thaicom, was formerly known as Shin Corp.
Razorpay becomes one of the most valuable B2B fintech start-ups. : After becoming a unicorn last October, fintech company Razorpay has raised $160 million in a Series-E funding round. The financing round has helped the company's valuation triple to $3 billion in less than six months. This signals one of the fastest increases in valuation for an Indian unicorn (a start-up valued at more than $1 billion).
Blackstone Group sold a portfolio of warehouse and logistics assets in Australia to Hong Kong-listed property manager ESR Cayman Ltd. and a SWF for approximately A$ 3.8 billion. ESR and Singapore's GIC Private Limited formed a vehicle to buy the properties from the Blackstone Group. GIC will contribute 80% of equity, while ESR will account [...]
The S&P 500 has traditionally been strong in April post-OPEX week. : The S&P 500 has traditionally been strong in April post-OPEX week. Monday has been down 61% of the time, but Tuesday through Thursday have been strong. Given the strong momentum, higher prices are likely. The S&P is likely to hit 4200-4300 by early May. The Chevron CVX daily cycle hits a low on the 18th, projecting higher prices for this coming week. April has been the strongest month for this stock, up 69.0% for an average gain of 3.4%.
The scientific community agrees that the world urgently needs to stop burning coal: we have cheaper energy sources that are also compatible with more productive uses of land. Coal is simply an outdated and harmful technology long overdue for retirement. What are we waiting for?
"Sell in May and go away," advises the trading maxim. But with stocks at record highs, one trader at the New York Stock Exchange is recommending the strategy with a twist. In an interview with Yahoo Finance, Jay Woods, chief market strategist at DriveWealth Institutional, recalled May 2020, when stocks were only beginning their meteoric rise. "'Sell in May and go away' was an expression I actually joked about last year -- like, where are we gonna go?"