Investing

Chinese Investor Disappoints Kazakhstan’s National Oil Company

China’s troubled CEFC will pass on a deal to buy a majority stake in KMGI, a subsidiary of Kazakhstan’s Kazmunaigas. China’s CEFC will not buy a majority stake in Kazmunaigas International (KMGI), owned by Kazakhstan’s state-owned oil and gas firm Kazmunaigas, a disappointing development for a deal more than two years in the making. CEFC and Kazmunaigas had first agreed to sell a 51 percent stake in its Romanian assets, owned by one of its subsidiaries, KMGI (formerly known as…

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PE/VC investments up 46% in first half of 2018: EY – Canindia News

New Delhi, July 9 (IANS) Private equity or venture capital investments clocked 46 per cent growth in the first six months of 2018 to $15.2 billion across 351 deals, on the back of strong buyout activity, investments in infrastructure and real estate asset classes, a report said on Monday. Like last year, the strong growth continues to be driven by large deals. The first half of 2018 recorded 36 deals of value greater than $100 million aggregating $11.5 billion as…

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Google and Uber invest $335 million in Lime scooters

A man rides a Lime scooter in downtown San Francisco. James Martin/CNET The scooter wars are on. Lime announced a new funding round of $335 million on Monday that was led by Alphabet’s Google Ventures. This is after its rival Bird announced less than two weeks ago that it received $300 million in new funding.  Along with Google Ventures, Lime also confirmed that Uber was involved with this funding round. The ride-hailing company additionally plans to partner with Lime to…

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SBI Cards plans to launch 4 new products this fiscal

In a bid to increase its portfolio, SBI Card plans to introduce four new products in the market during the three quarter of the current fiscal. The second largest credit card issuer promoted by SBI, with 74 per cent stake, also intends to grow the number of card-holders and bring down the delinquency ratio of 1.9 per cent in 2018-19. Currently, delinquency rate is around 2 per cent in line with industry, SBI Card Managing Director Hardayal Prasad told PTI.…

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UGANDA URGED TO INVEST MORE ON CHILDREN’S DEVELOPMENT AGENDA AS ITS POPULATION UNDER 15 YEARS OLD REACH 50%

School children performing during the celebration of the African Child Day “Nearly half of Uganda’s population is now under 15 years old. A prosperous future for Uganda will not be possible without greater investment in all of its children’s development and wellbeing, so they can fulfill their potential. Together we can, and must, ensure that no child is left behind” “Every child in Uganda has the right to survival, food and nutrition, health and shelter; to be educated; and to…

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Baku to host meeting of Board of Directors of Arab Petroleum Investments Corporation – AZERTAC

Baku, July 8, AZERTAC “The Board of Directors of Arab Petroleum Investments Corporation (APICORP) will held its next meeting in Baku,” said Azerbaijan’s Deputy Minister of Energy Samir Valiyev as he met with a delegation led by Deputy Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia Aabed bin Abdulla Al-Saadoun. Valiyev emphasized the importance of developing bilateral cooperation in the field of alternative and renewable energy sources, alongside the oil and gas sector. He said…

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Solomon Islanders Being ‘Ripped Off’ By High Prices: Investor

Businessman says Price Control Unit not effectively regulating prices By Daniel Namosuaia HONIARA, Solomon Islands (Solomon Star, Jan. 10, 2014) – Solomon Islanders have been victims of their own legislation, a foreign investor says. The investor, who asked not to be named, said 90 per cent of goods sold in the country are priced way beyond what citizens can afford. He questioned whether the Price Control Unit of the Ministry of Commerce has regulations in place to control prices. “I…

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The top five smart gadgets to invest in for your home – and five others to not bother with

Control hot water and heating from your smartphone 1) The money-saving thermostat Hive Active Heating & Hot Water Thermostat Kit, Argos, £179 How it works: Control hot water and heating from your smartphone. RATING: 5/5. Really clever. 2) The self- dimming light Hive lightbulb, Argos, £19 How it works: A lightbulb you can dim, or turn on and off, using your phone. Hive lightbulb: Surprisingly useful RATING: 4/5. Useful, if pricey. 3) The ‘smart assistant’ who knows everything Amazon Echo…

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PITCH PROBLEMS: `If you have an original idea, investors are slow to back you’

Asking for money is never easy. In this column, entrepreneurs tell TOI Startups how VCs stumped them with hard questions during a pitch The company that Sudeep Srivastava, Payal Srivastava and Shashi Bhatia started in 2014 came from their own search for healthy, nutritious ready-to-eat Indian food. They gave up their corporate jobs and started Kalchi, experimenting in Payal’s kitchen to extend the shelf life of their curry spreads. The Bengaluru-based startup recently raised Rs 2.5 crore, but Sudeep Srivastava,…

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Karnataka to simplify investment process for industries – Canindia News

Bengaluru, July 7 (IANS) Karnataka would simply the investment process to enable investors set up industries in diverse verticals across the state, Chief Minister H.D.Kumaraswamy said on Saturday. “Our intention is to set up industries in districts across the state and invite investments in them. A senior officer will be responsible for simplifying the process and prevent investors running around,” Kumaraswamy told a delegation of Confederation of Indian Industry (CII) officials who called on him at his home office here.…

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FLEX RELEASE: Rosen Law Firm Reminds Flex Ltd. Investors of Important July 9 Deadline in Class Action – FLEX – Global Investing Today

FLEX RELEASE: Rosen Law Firm Reminds Flex Ltd. Investors of Important July 9 Deadline in Class Action – FLEX – Global Investing Today – EIN News Trusted News Since 1995 A service for investment professionals · Saturday, July 7, 2018 · 454,644,912 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Over R1.3bn investments recorded for Western Cape in Q1 – Wesgro

The Western Cape’s investment promotion agency Wesgro said on Friday it had facilitated over R1.3-billion in investments in the first quarter, which would support the creation of 549 direct jobs. It said the nine investment projects secured represented a cross-section of the local economy and included projects in tech, financial services, food and beverage, apparel and the green economy. “This is an outstanding achievement, especially considering the drought, economic uncertainty and a general slowdown in globalisation faced in the first quarter…

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France Based Agency To Invest $200m In Ogun Forest Reserves – Ogun State Television

Following the signing of ‘’letter of intent’’ between the Ogun State Government and In-vivo, France-based agency, at the State House in Abuja, to regenerate 108,000 hectares of degraded lands in the forest and game reserves of Imeko and Aworo in the State, Governor, Ibikunle Amosun has assured people of the State of greater benefits Addressing newsmen at his office in Abeokuta, the Governor said, “the agreement will ensure that our environment is safe from the challenges being faced by climate…

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Russia to deepen trade and investment cooperation with Africa

From Kester Kenn Klomegah, Moscow Bureau Chief     MOSCOW (Russia), July 05, GNA – Russia’s Foreign Minister, Sergey Lavrov, has signalled a shift towards strengthening trade and investment cooperation with African countries. “We will do our best to raise trade and economic ties to a high level of political cooperation.” Russia’s trade with Africa had over the years been on a decline but Lavrov said things were beginning to change. The European nation’s trade with the sub-Saharan countries amounted to US$3.6…

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EU to invest €160 million in Armenia over the next four years

EU High Representative for Foreign and Security Policy Federica Mogherini (Source: Federica Mogherini Facebook Page) BRUSSELS—The European Union will invest €160 million in Armenia over the next four years, EU High Representative for Foreign and Security Policy Federica Mogherini said. Mogherini made the announcement at a debate on EU-Armenia relations during the European Parliament’s plenary session on July 4. “We are ready to support many different fields of action, and just to name a few examples, from Small and Medium Enterprises (SMEs),…

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