Origin Energy Stake In Octopus Energy Gains Hundreds Of Millions Of Dollars In Value After Super Fund Backing
Australian power giant Origin’s stake in Britain’s Octopus Energy has gained hundreds of millions of dollars in value after the fast-growing UK company secured new backing.
Commercial Property Prices In Germany Drop By 9.6% In Q1 2024, Et Realestate
The continuing decline in values of commercial real estate follows a 10.2% drop for all of 2023. The latest data are less than the 12.1% drop for the fourth quarter, which was the biggest ever.
Junior Bankers, Hedge Fund Managers Donate To Raise $1M For Deceased Associate's Family
When the fundraiser for Leo Lukenas III, the Bank of America associate who died last Thursday of "acute coronary artery thrombus," was opened yesterday, the initial intention was to raise $500k to support his family.Get Morning Coffee [?] in your inbox. Sign up here.As the industry rallies behind Lukenas, however, that amount has increased to $1m. $150k has been raised already.Donors so far include Bill Ackman, the hedge fund manager, who yesterday donated $10k to Lukenas' fund.
Genesis And Ledgerprime Alum Raise $28M For Arbelos, A Crypto Trading Rival To Jane Street | Fortune Crypto
As institutional money floods into crypto, the industry veterans are building a derivatives-focused business to provide liquidity to hedge funds and VCs.
Bill Hwang, Whose Firm Archegos Collapsed In 2021, Is About To Go On Trial - The New York Times
The hedge fund is accused of borrowing money from banks to buy stocks. : Three years ago, a multibillion-dollar investment firm called Archegos Capital Management blew up with little warning, causing big losses for some Wall Street banks and leading to federal criminal charges against the firm's founder, Bill Hwang. On Wednesday, Mr. Hwang, 60, who was charged with 11 counts of securities fraud, wire fraud, conspiracy, racketeering and market manipulation, is set to go on trial in Manhattan federal court. If convicted, he could spend the rest of his life in prison.
Lutzie 43 Foundation Announces 17 Prepared For Life Scholarship Recipients
Driving Change: Lutzie 43 Foundation grants scholarships to young leaders who have committed to being ambassadors for safe driving in their communities. ATLANTA, May 8, 2024 /PRNewswire-PRWeb/ -- The Lutzie 43 Foundation selected 17 college and high school students as recipients of this...
Changeengine Secures $10M Series A Funding To Bring Ai-powered Cx Innovation To The Employee Experience
Funding Accelerates Technical & Go-To-Market Growth, Platform Innovation, and Ancillary Expansion Modules SAN FRANCISCO, May 8, 2024 /PRNewswire-PRWeb/ -- ChangeEngine, the Internal Marketing & People Design Platform that enables companies to deploy best-in-class programs without...
Shell To Sell Singapore Oil Refinery, Chemicals Assets To Glencore Joint Venture
SHELL Singapore is selling all its interest in Energy and Chemicals Park to CAPGC, a joint venture between commodity trader Glencore's unit Glencore Asian Holdings and Chandra Asri Capital. The latter is a unit of Indonesia's largest integrated petrochemical company, Chandra Asri.
Survivors Of Alleged Illinois Youth Detention Center Sex Abuse Speak Up
Three alleged victims of sexual abuse in juvenile detention centers in Illinois came forward as part of a lawsuit with 95 plaintiffs. This case follows similar cases in other states.
Shell To Sell Singapore Refinery, Petchem Assets To Chandra Asri And Glencore - Cna
A container ship passes Shell's Pulau Bukom refinery in Singapore on Nov 17, 2020. (Photo: REUTERS/Edgar Su) SINGAPORE: Shell said on Wednesday (May 8) it has agreed to sell its refinery and petrochemical assets in Singapore, Asia's main oil hub, to a joint venture between Indonesian chemicals firm Chandra Asri and Swiss miner and commodities trader Glencore. Reuters reported last August that Shell had hired Goldman Sachs to explore a potential sale of its refining and petrochemical plants in Singapore as part of a broader strategic review globally to become a lower-carbon operator.
China's Ganfeng Lithium Seals Us$343 Million Mine Deal In West Africa, Gains Control Of One Of The World's Largest Sources | South China Morning Post
Ganfeng Lithium's potential buyout of a Malian lithium mine gives it greater security over raw material supplies. : China's Ganfeng Lithium has clinched a US$342.7 million deal to raise its stake in one of the world's largest lithium projects in Mali, West Africa, securing additional resources to feed the voracious appetite of the Chinese battery supply chain as demand for electric vehicles grows at a furious pace.