After wreaking havoc in Florida, Hurricane Ian is heading toward the nearest US coast. With wind speeds of 120 kilometers per hour, he set course for South Carolina on Thursday (local time). The US hurricane center also warned of dangerous storm surges in the states of North Carolina and Georgia. “Ian” made landfall on Wednesday… Continue reading German Handelsblatt: USA: Hurricane “Ian” now on its way to South Carolina – Mercedes and Boeing close plants005347
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Skoda Superb primed to return with combustion power in 2024
The Skoda Superb is on track to be heavily updated for a fourth generation, returning in 2024 to take the fight to the Peugeot 508 with a choice of ICE and hybrid powertrains in a practical estate body. Skoda recently detailed a bold electrification plan under which it will introduce a new flagship electric SUV, an electric city car… Continue reading Skoda Superb primed to return with combustion power in 2024
Mercedes-Benz EQS SUV
Whether you choose the 2730kg EQS 450 or the 2735kg EQS 580, you will find no lack of traction or performance. Both provide strong and linear acceleration, considering their considerable weight. Mercedes claims respective 0-62mph times of 6.0sec and 4.6sec, while the top speed of both is governed at 131mph. It’s at a constant cruise… Continue reading Mercedes-Benz EQS SUV
Elev8 to launch $200m India-focused growth-stage fundThe fund will invest in Series B and C rounds in startups based out of India
Elev8 Venture Partners, a venture capital firm backed by Venture Catalysts, has announced the launch of its $200-million India-focused fund to invest in growth-stage, technology-driven companies. In a statement, Elev8 said the sector-agnostic fund will invest in Series B and C rounds in startups based out of India with a ticket size of $5-15 million.… Continue reading Elev8 to launch $200m India-focused growth-stage fundThe fund will invest in Series B and C rounds in startups based out of India
Shares of Leapmotor and Onewo tumble in Hong Kong debutLeapmotor shares closed down 33.5%, while Onewo shares shed 6.8% on Thursday.
Hong Kong’s two largest completed IPOs of 2022, worth a combined $1.5 billion, closed deep in the red on their market debuts on Thursday, dampening prospects of a recovery in new share sales in the city for the rest of the year. Shares of Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology ended at HK$31.90,… Continue reading Shares of Leapmotor and Onewo tumble in Hong Kong debutLeapmotor shares closed down 33.5%, while Onewo shares shed 6.8% on Thursday.
IPOs by US tech companies sink to lowest level since global financial crisisOnly 14 tech cos have listed in the US so far this year, compared with 12 …
Initial public offerings by US tech companies have sunk to their lowest levels since the global financial crisis of 2008, as stock market volatility, soaring inflation, and interest rate hikes have soured investor sentiment towards new listings. According to Refinitiv data, only 14 tech companies have floated their shares on stock exchanges so far this year, compared with 12 in 2009.… Continue reading IPOs by US tech companies sink to lowest level since global financial crisisOnly 14 tech cos have listed in the US so far this year, compared with 12 …
Taiwan Life commits $30m to Morgan Stanley’s fourth global infra fund
Insurer Taiwan Life, a part of CTBC Financial Holdings, has committed $30 million to the third global infrastructure fund of Morgan Stanley Infrastructure Partners (MSIP). In a filing to the Taiwan Stock Exchange, the insurer said its commitment will give it about 0.50% of North Haven Infrastructure Partners IV SCSp, the latest fund of Morgan… Continue reading Taiwan Life commits $30m to Morgan Stanley’s fourth global infra fund
SE Asia is the market of choice for PE firms as China fever ebbs, but challenges abound
(Left to right) Andrea Campagnoli (moderator), partner, Bain & Co; Bert Kwan, head of private equity, Silverhorn; Kerry Goh, founder, CEO and chief investment officer, Kamet Capital; Thomas Lanyi, head, Southeast Asia, CDH Investment Advisory; and Wei Jian Tor, managing director, EQT Private Equity. Go to Source
KKR’s tender offer for Hitachi Transport to be delayed beyond end-Sept
Japan’s Hitachi Transport System Ltd said on Thursday it had been informed by KKR & Co that the private equity firm’s tender offer for it would be delayed from the initially planned end-September start. In a statement, Hitachi Ltd’s logistics arm cited KKR as saying it would now aim for a mid-November start pending regulatory approval and other processes. KKR… Continue reading KKR’s tender offer for Hitachi Transport to be delayed beyond end-Sept
How China’s state-backed Silk Road Fund has raised its global profile
In mid-September, the ancient Silk Road city of Samarkand, Uzbekistan was thrust into the spotlight as leaders of member nations of the Shanghai Cooperation Organisation (SCO) convened for their annual summit. For visitors, one particular venue should have left an impression — the Silk Road Samarkand, a sprawling brand new complex that served as the conference venue… Continue reading How China’s state-backed Silk Road Fund has raised its global profile