November 17, 2021 10:31 am
UK’s Intermediate Capital Group (ICG) reported on Tuesday a 28% increase in third-party assets under management (AUM) to $65.3 billion for the six months ended September 30th, as accelerated vaccine rollouts and relaxation of COVID-19-related restrictions fueled investor sentiment. ICG, which manages assets in private debt, credit and equity, mostly in closed-end funds, also said […]
Read moreNovember 17, 2021 8:41 am
Berlin-headquartered e-scooter operator TIER Mobility said earlier this week it had acquired bike-sharing firm Nextbike in an attempt to form the largest provider of shared lightweight vehicles in Europe. The deal, whose financial details were not disclosed, will combine rentable bicycles, e-bicycles, e-scooters, e-mopeds and cargo bikes in a single network. According to the two […]
Read moreNovember 15, 2021 8:42 am
According to a report by German paper Automobilwoche over the weekend, citing Volvo Car AB’s (VOLCARb) CFO Bjorn Annwall, the auto maker intends to establish a third factory in Europe by the middle of the decade in an attempt to meet its production objective of 1.2 million vehicles per year. At present, Volvo operates two […]
Read moreNovember 12, 2021 8:34 am
Berkshire Grey Inc (BGRY), a leading provider of AI-enabled robotic solutions that automate supply chain processes, said on Thursday that it had recently secured new orders worth $36 million. That value includes $25 million in repeat orders from a blue-chip anchor customer and $11 million in orders from new clients, it said. The new orders […]
Read moreNovember 12, 2021 8:08 am
The US indices finished the session on Thursday sideways, with persisting confusion on the rising consumer and producer prices. The blue chips recovered a major downfall on Wednesday, as fears arose on the sooner than expected rising of the base interest rate and larger-scaled than expected tapering of the USD150B monthly QE by the Fed. […]
Read moreNovember 11, 2021 10:47 am
The long expected correction from the week-lasting market record streak occurred on Wednesday, triggered by much higher than expected inflation. US consumer prices jumped with 6.2% y/y, surpassing the Fed pre-defined bearable level, exceeding the 5.9% analysts’ expectations, and with the fastest annual pace since 1990. The major components triggering the inflation were Energy, Shelter, […]
Read moreNovember 11, 2021 8:13 am
Taiwan Semiconductor Manufacturing Co (TSMC) and Sony Corp announced earlier this week that they intended to establish a $7 billion chip factory in Japan. In a separate statement, Sony Corp announced it would invest nearly $500 million in the facility. The plant will be focused on production of 22-nanometer and 28-nanometer chips in an attempt […]
Read moreNovember 10, 2021 10:17 am
Nvidia Corp (NVDA) said on Tuesday that it was working in cooperation with a range of self-driving sensor firms, including lidar company Luminar Technologies, to develop a system which can be used by auto makers for driver safety features as early as 2024. Nvidia chose a diversity of sensor partners for the system, including those […]
Read moreNovember 10, 2021 8:34 am
In an interview with CNBC earlier this week, PepsiCo Inc’s (PEP) Chief Executive Officer Ramon Laguarta said the company would have its first set of Tesla Inc electric trucks delivered during the fourth quarter. The packaged food maker had previously said that it intended to use the trucks to transport snack foods and beverages between […]
Read moreNovember 9, 2021 8:39 am
Global investment firm KKR said on Monday that it had signed definitive agreements under which it will acquire Japanese chemical storage tank operator Central Tank Terminal (CTT) from an affiliate of Macquarie Infrastructure and Real Assets. Central Tank Terminal is the largest independent chemical storage tank operator in Japan and offers more than 300,000 cubic […]
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