Danish-American private equity firm Cimbria Capital plans to raise DKK 1bn (EUR 130m) in a new fund; the managing partner wants pension funds as investors. Source link
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BANGKOK (AP) — Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.Beijing also reported that the Chinese economy slowed further in the last quarter, which spurred expectations the government will ramp up its latest stimulus efforts. The world’s second-largest economy expanded at a 4.6% annual pace in July-September, down slightly from 4.7% in the previous quarter.Growth so far this year has averaged to 4.8%, below the official target of about 5%, as weakness in the property market has continued to weigh on demand.Meanwhile, the central…
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)WANG ZHAO | AFP | Getty ImagesMarkets in mainland China and Hong Kong rebounded Friday after the world’s second-largest economy posted better-than-expected economic growth. Overall, Asia-Pacific markets were mixed.China’s third-quarter GDP grew 4.6% compared to the same period last year, slightly above estimates by economists in a Reuters poll but down from 4.7% in the previous quarter.The rate was at its lowest level since the middle of last year, moving further away from Beijing’s 5% annual growth target.Data for the month of…
Image source: Getty Images Over the past year, the Tesco (LSE:TSCO) share price has rocketed. It’s up almost 30% over this period. Even though the rising share price has reduced the dividend yield, it’s currently still marginally above the FTSE 100 average at 3.52%. Here’s the current forecast for the potential change in yield for coming years. The past and the future For a two-year period leading up to 2017, Tesco didn’t pay out any income due to an accounting scandal. If we put that unusual event to one side, it’s paid out dividends continuously for over two decades. I…
SINGAPORE, Oct. 18, 2024 /PRNewswire/ — TOPPAN Holdings Inc. (TYO: 7911) (TOPPAN Holdings) has announced that it has entered into a definitive agreement to acquire HID’s CID (Citizen Identity Solutions) business area, a division of HID Global Corporation focused on the government identity sector. The acquisition will firmly establish TOPPAN as one of the largest leaders in security and identity solutions, expanding its global footprint and portfolio of advanced secure technology and expertise. At the forefront of secure government identity solutions, HID’s CID business comes with over 20 years of experience delivering innovative technologies to more than 50 countries worldwide.…
After private equity’s extraordinary performance in 2021, private market valuations decoupled from those of both public equities and bonds in 2022. This led many institutional investors to end up over-allocated to private markets. This is the so-called denominator effect, whereby private asset allocations exceed the percentage threshold established in an allocation policy and must be corrected. The simultaneous negative cash flow cycle has reduced anticipated liquidity that latent paper portfolio losses in traditional assets have already compressed. This makes portfolio adjustment decisions even more challenging. Last year’s data show that the rebound in equity prices and the pause in interest…
Canada-based DevvStream Holdings Inc. (OTCQB: DSTRF), a leader in carbon credit generation, has announced plans to acquire a 50% equity stake in Monroe Sequestration Partners (MSP), a subsidiary of Crestmont Investments LLC.The transaction will be funded through 2 million newly issued shares of DevvStream’s stock upon the company’s business combination with Focus Impact, after which the new entity, DevvStream Corp, will trade on Nasdaq under the symbol “DEVS.”MSP is developing a carbon sequestration hub in northern Louisiana, capable of storing an estimated 260 million metric tons (MMT) of carbon dioxide (CO2).The facility, located in a legacy oil and gas field, spans 425…
Forward Air has retained two prominent investment banking firms to lead a formal sales process, people close to the matter have told FreightWaves. Pressure on the expedited trucking company’s board to sell has mounted in recent weeks in the wake of a messy merger with freight forwarder Omni Logistics. An Oct. 7 letter from activist investor Alta Fox, which holds a 3% stake in Forward (NASDAQ: FWRD), called on the company to initiate a sales process. The letter said holders of approximately 25% of its stock were also seeking a change to correct Forward’s “misguided capital allocation and reckless oversight.”…
By Jake Spring (Reuters) – Global destruction of nature has reached unprecedented extremes. As the United Nations two-week COP16 biodiversity summit kicks off on Monday in Cali, Colombia, here is what you need to know about nature’s rapid decline – and its importance to the global economy. ANIMALS AND PLANTS Plants and animals play significant parts in keeping nature humming, from cycling nutrients throughout an ecosystem to aerating soils and engineering rivers. Without plants and animals, the world would not be habitable for humans. However, more than a quarter of the world’s known species, or a total of about 45,300…
About Wordfence Wordfence is a security plugin installed on over 5 million WordPress sites. The owner of this site is using Wordfence to manage access to their site. You can also read the documentation to learn about Wordfence’s blocking tools, or visit wordfence.com to learn more about Wordfence. Source link