August 27, 2021 7:47 am
Global investment firm KKR said on Thursday that it had launched Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease real estate. The investment, which will come mostly from KKR’s credit and real estate funds, will put the platform in position to acquire more than $3 billion in […]
Read moreAugust 26, 2021 8:44 am
Futures on US West Texas Intermediate Crude Oil snapped a three-day streak of gains on Thursday amid renewed demand concerns stemming from the spread of the novel coronavirus and as oil output returned in Mexico. New outbreaks caused by the Delta variant of the coronavirus raised concerns over the strength of global economic recovery. “Although […]
Read moreAugust 26, 2021 7:29 am
According to a report by Reuters, citing sources familiar with the matter, Blackstone Group Inc (BX) is in advanced talks to buy Interplex Holdings, a technological services provider based in Singapore and owned by Baring Private Equity Asia. The deal could be valued at nearly $1 billion. According to the sources, the two companies could […]
Read moreAugust 25, 2021 9:47 am
A.P. Moller-Maersk announced earlier this week the order of eight new tankers powered by carbon-neutral methanol, as it seeks to speed up its fleet’s decarbonisation initiative. These vessels will be manufactured by Hyundai Heavy Industries and will have the capacity to carry 16,000 containers. Every tanker will have a cost of about $175 million, which […]
Read moreAugust 25, 2021 7:45 am
Volvo Cars announced plans to pause production at its facility in Torslanda, on the outskirts of Gothenburg, during the upcoming week because of the shortage of semiconductor chips. “Due to the current material shortage situation, triggered by a combination of global semiconductor shortages and new COVID-19 outbreaks, Volvo Cars has decided to pause production in […]
Read moreAugust 24, 2021 8:59 am
AUD/USD extended a rebound from 41-week lows on Tuesday, supported by a 3% surge in iron ore prices and some weakness in the US Dollar, as market focus turns to the Jackson Hole convention hosted by the Federal Reserve. Market risk sentiment improved after the US Food and Drug Administration granted full approval to the […]
Read moreAugust 24, 2021 7:36 am
Pfizer Inc (PFE) said on Monday that it had agreed to buy oncology biotechnology company Trillium Therapeutics in a deal valued at nearly $2.3 billion, as the US drug maker looks to bolster its arsenal of blood cancer therapies. Pfizer intends to acquire all the outstanding shares of Trillium Therapeutics at a price of $18.50 […]
Read moreAugust 23, 2021 9:05 am
GBP/USD rebounded from last week’s one-month trough on Monday, while tracking other risk-sensitive assets, as investor risk sentiment improved while the safe-harbor greenback came off recent highs. The US Dollar eased from an over 9-month peak against a basket of six major peers on Monday, as market sentiment improved with a rebound in Asian shares […]
Read moreAugust 23, 2021 7:34 am
Marks & Spencer on Friday revised up its profit outlook after a surge in demand for food and an increase in online clothes’ orders provided indication that the British retailer’s latest turnaround plan was beginning to pay off. Thanks to efforts aimed to improve the quality of products and solid investment initiatives in technology and […]
Read moreAugust 20, 2021 8:07 am
Volkswagen AG (VOWG) said on Thursday that it might need to reduce production further because of a global semiconductor shortage. “We currently expect supply of chips in the third quarter to be very volatile and tight,” the German auto maker was quoted as saying by Reuters. “We can’t rule out further changes to production.” The […]
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