Investing

China’s Xiaomi secures seven cornerstone investors for $6.1 billion Hong Kong IPO

HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Company logos of Xiaomi are seen on the boxes of mice at a Xiaomi store in Beijing, China June 21, 2018. REUTERS/Jason Lee Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17…

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CalPERS’ investment committee to review private equity policy on direct investments

Pension Funds By Arleen Jacobius · June 14, 2018 4:20 pm Getty Images/iStockphoto CalPERS’ investment committee will review the initial version of a new private equity investment policy statement that makes a number of changes including removing direct investments from the staff’s oversight, according to materials for the investment committee’s June 18 meeting. The current investment…

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Myanmar urged to do more to attract Korean investment

Lee Hyuk, secretary general of the Asean-Korea Centre, said in an interview that Myanmar must urgently create a better investment climate to succeed in encouraging more South Korean businesses to invest in the country. “Korean investors feel that the time is not right for them to invest here,” he said, citing the fierce competition in the region. “There are many challenges and on top of that, all the Asean member states are really competing fiercely to attract FDI,” he…

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Agency for financial investments to be established in new governance system

Aside from the debates about the organizational structure of the new presidential governance system, which the Turkish people voted for in last year’s referendum and is scheduled to take effect after the June 24 elections, discussions on the new government bodies also sway over the current political agenda in Turkey. In addition to the existing Investment Support and Promotion Agency of Turkey (ISPAT), a new financial investment agency that will work to draw financial investments to Turkey will be established…

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Macon business announces partnership, hopes to franchise

Downtown Macon’s escape room is growing. The Situation Room, located on Poplar Street, is an interactive experience in which teams must solve a series of riddles and puzzles to escape the room. The business opened in 2016, entertaining about 20 guests a week, said Brandan Wormsbacher, co-founder of Situation Room. Now, it’s seeing about 100 a week. Situation Room is teaming up with Central Piedmont Investment Group to expand. This will be the business’s first outside investor. Along with Wormsbacher,…

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Here’s How Microsoft Is Investing in AI — The Motley Fool

Microsoft (NASDAQ:MSFT) is in the middle of a massive transition right now, but you may not have noticed. That’s because the company is moving effortlessly into the burgeoning artificial intelligence (AI) market — and it’s bringing its legacy products and services along with it. Over the past few years, Microsoft has successfully been building new features into its Office products and launching new AI-powered tools through its Azure cloud-computing service as the company looks beyond its Windows products to the…

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Why GE’s Removal From The Dow Could Help Investors (NYSE:GE)

S&P announced Tuesday that for the first time in more than a century, General Electric Company (NYSE: GE) will no longer be one of the Dow Jones Industrial Average’s 30 components. On June 26, GE will be replaced in the Dow by Walgreens Boots Alliance Inc (NYSE: WBA), a move that will impact the investment holdings of thousands of Americans who own Dow Jones index funds such as the SPDR Dow Jones Industrial Average ETF (NYSE: DIA). Why Dow Components Matter The Dow…

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Chinese Investment In US Drops Precipitously From 2017 Amid Trade War Concerns

As concerns over a possible trade war between the United States and China grow, Chinese investments in U.S. companies has fallen. In the first half of 2018, China dumped significantly less money into the U.S. than it did during the same period last year, which experts say is indicative of the suddenly hostile nature of the two superpowers’ trade relationship. The data came from the Rhodium Group, a research organization devoted to studying Chinese investment stateside. Rhodium Group’s newest numbers indicate…

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Various potential in trade and investment between Vietnam and the Philippines

The event was co-organised by the Vietnamese Ministry of Industry and Trade and the Philippine Department of Trade and Industry, aiming to connect the business communities in the two ASEAN countries. Tran Quoc Khanh, Vietnamese Deputy Minister of Industry and Trade, said that the friendship and economic, trade and investment relations between Vietnam and the Philippines have achieved positive growth results, with the bilateral trade turnover in 2017 reaching US$4 billion, up 22% over 2016. In the first five months…

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Al Marjan Island highlights investment opportunities in RAK

Al Marjan Island, the main developer of freehold areas in Ras Al Khaimah, recently presented attractive value propositions at the 2018 World Forum for Foreign Direct Investment in Liverpool, UK. The investment opportunities within Al Marjan Island and the competitive advantages offered by the development were highlighted at the three-day event, attended by ministers, high-ranking government officials and international business leaders from over 41 countries. Eng. Abdullah Al Abdooli, CEO of Al Marjan Island, said: “The World Forum for FDI in…

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MCA criticises Guan Eng for his failure to stop foreign investment outflows – Nation

PETALING JAYA: Finance Minister Lim Guan Eng (pic) has failed to put countermeasures in place to stop the nation’s economic decline, said MCA Youth chairman Datuk Chong Sin Woon. “Though news agencies have relentlessly highlighted the outflow of foreign investments, we have yet to see Lim take any countermeasures to stop Malaysian economics from going further downhill,” said Chong in a statement on Wednesday (June 20). Chong said he agreed with PKR adviser Datuk Seri Anwar Ibrahim’s reminder to Lim…

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Appeal court hears case of PVN’s bad Oceanbank investment

The appeal was also lodged by six other defendants, who asked the court to review their charges, sentences and civil responsibilities. Earlier, Thang, a former Politburo member and Ho Chi Minh City secretary, had been sentenced to 18 years for deliberately violating state regulations on economic management, which led to serious consequences. Thang was also ordered to provide compensation of VND600 billion, while other defendants received between 15 months of community sentence and 23 years in prison. According to the…

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Why small savings investments have risen to Rs 1.55 trillion

Demonetisation is the biggest reason for the rise in preference for small savings.Experts tell Abhishek Waghmare that a shift from bank deposits to small savings is also representative of the people’s declining trust in banks. Confirming the recent shift in public preference for parking money in financial instruments like mutual funds and insurance schemes rather than bank deposits and physical assets, small savings schemes have re-emerged as a lucrative investment option for the Indian public. Investments by the public in…

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Oventus Medical Ltd (ASX:OVN) Investor Newsletter

Investor Newsletter Brisbane, June 20, 2018 AEST (ABN Newswire) – Oventus Medical Ltd (ASX:OVN) is pleased to provide a copy of its latest newsletter for investors. Key highlights from the newsletter include: – An overview of the initiatives underway to roll Oventus’ technology out into the dental and sleep channels in Australia and the USA – An introduction to new Oventus USA team members, including an interview with Robin Randolf, Vice President of Marketing and Operations for Oventus in North…

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Lessons from the Vodacom YeboYethu deal for black investors

Gradidge-Mahura Investments turns ten this month. On June 26, 2008, Cipro (as the Companies and Intellectual Property Commission was known back then) confirmed that the business had been registered. My business partner Kagisho Mahura and I went for dinner that evening to celebrate this milestone. All the talking, planning and dreaming was now kicking into action. It was an exciting time in South Africa in general. Markets had been going up strongly for almost five years, the economy was growing, property…

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Ministry of Investment delegation showcases Egypt’s investment opportunities in St Petersburg

A delegation from the Ministry of Investment and International Cooperation showcased Egypt’s investment opportunities with an investment map at the Egypt pavilion in the fans’ area of St Petersburg, ahead of the match between Egypt and Russia on Tuesday. The Fan Zone is part of the agreement signed between the International Federation of Football Association (FIFA) and the Egyptian government last week, allowing Egypt to become an official regional supporter of the 2018 FIFA World Cup in Russia. The agreement,…

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