ISTANBUL – Turkiye Garanti Bankasi (IS:) A.S. (IST:TGBD), commonly known as Garanti BBVA (BME:), has finalized the sale of various non-performing loan (NPL) portfolios, as announced in a recent regulatory disclosure. The bank sold its NPL receivables, which include credit card debts, general purpose loans, commercial loans, and other related receivables, accumulated through the end of October 2024. The sale was conducted in several tranches to different asset management companies. Gelecek Varlık Yönetim A.Ş. purchased a portfolio with a principal and interest amount totaling approximately 1.3 billion Turkish Lira (TL) for a consideration of TL 319.2 million. Ortak Varlık Yönetim…
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Investing.com — ‘s value plummeted approximately 9% on Friday, as the cryptocurrency market experienced a sharp sell-off, possibly reflecting a broader investor retreat from risk assets. The digital currency, which had achieved an all-time high above $108,000 earlier in the week, faced a significant downturn, trading under $93,000 around 7 a.m. ET on Friday, down from its 24-hour-ago level. The rapid descent comes amid heightened caution in the financial markets, with investors pulling back from more speculative investments. The recent peak in Bitcoin’s value had marked a milestone for the cryptocurrency, but the subsequent aggressive sell-off suggests a volatile environment…
Cash on Hand Utilized to Repay $30 Million of Senior Secured Term Loan Facility to Ares Capital Lowers ADMA’s Total (EPA:) Debt to $75 Million, a 29% Reduction Further Supports Earnings Growth Outlook RAMSEY, N.J. and BOCA RATON, Fla., Dec. 20, 2024 (GLOBE NEWSWIRE) — ADMA Biologics, Inc. (Nasdaq: NASDAQ:) (ADMA or the Company), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced it has repaid $30 million from its original $62.5 million senior secured term loan facility with Ares Capital. Following the partial paydown, ADMA has further reduced its total gross debt to…
Image source: Getty Images A first glance at the performance of ITM Power (LSE: ITM) so far this year is enough to make the heart sink. The ITM share price is down 43% so far in 2024. I cannot say I am very surprised. Back in January, I wrote that “a lot remains to be done and the company is still heavily lossmaking. So, rather than buy now, I will wait and watch for more concrete signs of a sustainably profitable business model.” Looking back, I am certainly glad I did not buy before the share price collapsed this year.…
By Tassilo Hummel MAMOUDZOU (Reuters) – Angry residents of a Mayotte neighbourhood damaged by Cyclone Chido heckled French President Emmanuel Macron when he toured it on Friday, complaining that potable water had not reached them nearly a week after the storm hit the Indian Ocean archipelago. Officials in France’s have only been able to confirm 31 fatalities from Chido but some have said they fear thousands could have been killed. Some of the islands’ worst-affected neighbourhoods, hillside shantytowns comprised of flimsy huts that are home to undocumented migrants, have not yet been reached by rescue workers. As Macron walked through…
(Bloomberg) — Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of its stores in coming days to protect the value of its real estate. Most Read from Bloomberg The discount chain that employs more than 27,000 people said in a statement Thursday it continues to look for another way to stay in business through a transaction it would look to complete by the end of January if a deal can be struck. “We all have worked extremely hard and have taken…
What I Learned about Investing from Darwin. 2023. Pulak Prasad. Columbia University Press. Investment professionals know that there is no substitute for hours of in-depth textbook study combined with an equal helping of hands-on experience. Self-taught investors, however, can develop significant knowledge and skillsets for their own investing success even without the formal rigor of a professional designation or related university degree. A third group of investors, less inclined to investment theory and practice, may stop at foundational concepts such as risk and return, the benefits of compounding, and the impact of taxes. These three groups are well served by,…
Image source: Getty Images The FTSE 100‘s like a sweet shop for passive income investors, with loads of juicy dividend stocks to choose from. Today, the blue-chip index yields on average 3.68%, with any share price growth on top. I can easily beat that by targeting ultra-high income stocks like asset manager and insurer Legal & General Group (LSE: LGEN). The recent stock market dip’s knocked the Legal & General share price, making it look an even bigger bargain, while driving its yield to nosebleed levels. The stock currently has a trailing price-to-earnings ratio of 12.8. Its forecast P/E for…
Global challenges worsen mental health. Poverty, displacement and climate change harm mental health, especially for children and families.Mental health and psychosocial support (MHPSS) needs more resources. Expanding mental health support requires trained professionals, accessible programmes, and destigmatization efforts.Holistic, sustainable solutions are key. Integrated, well-funded MHPSS programmes improve well-being for individuals, families and communities.The social determinants of mental health and well-being are local, regional and global: local conditions of adversity are increasingly compounded by regional and global threats such as extreme poverty, conflict, displacement and climate change.The World Economic Forum’s 2023 Global Risks Report identified “severe mental health deterioration” as a…
Focus on the Hoffmann family, an emblematic figure of the Arles region Source link