China‘s banking regulator is scrutinising property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate sector’s debt crisis worsens. As part of their assessment, the China Banking and Insurance Regulatory Commission (CBIRC) is looking at banks’ loan book exposure to developers to find out if those credit decisions were made according to the rules,… Continue reading China regulator probes banks’ property loan portfolio to assess systemic risks
Category: Automotive
Australia’s NRW Holdings says smaller peer MACA rebuffed $260m buyout offer
Australian mining services provider NRW Holdings Ltd on Thursday said smaller peer MACA Ltd rebuffed its takeover offer as it plans to proceed with a proposal from rival contractor Thiess. Last week, NRW Holdings made a cash-and-stock offer of A$1.085 per share, a premium of 8.5% to MACA‘s last close on Aug 17, valuing it at A$375 million ($259.46 million). However, MACA does not consider that offer to be superior to Thiess’… Continue reading Australia’s NRW Holdings says smaller peer MACA rebuffed $260m buyout offer
Quona Capital secures capital commitments worth $308m so far for its third fund
Emerging markets-focused venture capital firm Quona Capital has secured capital commitments worth $308 million so far for its third fund, according to the firm’s latest filings with the US Securities and Exchange Commission. The fundraising only reflects the amount raised from US investors. Go to Source
China Digest: Greentech firms Qiyuan, Jayson each raise $147m amid carbon-neutral fad
Green energy solutions provider Qiyuan Green Power and battery material supplier Jayson New Energy Technology have each raised 1 billion yuan ($147 million) to fuel their market expansion. China’s SPIC-backed green energy firm Qiyuan raises $147m Series A Qiyuan Green Power, a green energy solutions provider affiliated with China’s state-owned electricity supplier State Power Investment… Continue reading China Digest: Greentech firms Qiyuan, Jayson each raise $147m amid carbon-neutral fad
German Manager Magazin: Elon Musk confused with tweet about Manchester United001973
“I’m also buying Manchester United. You’re welcome.” With this succinct tweet Tesla-Boss Elon Musk (51) once again a lot of excitement Twitter caused. On Wednesday night, the richest man in the world announced that he would buy the English football club – after previously joking that he politically supported the left half of the Republicans… Continue reading German Manager Magazin: Elon Musk confused with tweet about Manchester United001973
German Manager Magazin: Auto Industry: Christian Malorny from Kearney on the new luxury boom001973
Hermès and Ferrari as role models Why the car manufacturers focus on luxury Bottlenecks in the parts, long waiting times, sometimes even order stops – and yet the corporations earn brilliantly. Kearney consultant Christian Malorny explains why luxury is booming – and why the retailers are the losers of the trend. 08/18/2022, 06:15 a.m Go… Continue reading German Manager Magazin: Auto Industry: Christian Malorny from Kearney on the new luxury boom001973
@Geely: Thu 18 Aug 2022Lotus Engineering: The Innovators #1 1 | 5 | 0 Welcome to a new series of content from Lotus Engineering, the consult…
Hethel, UK – 18 August 2022 Welcome to a new series of content from Lotus Engineering, the consultancy division of performance car manufacturer Lotus. With regular updates over the coming months, the team will explain its portfolio of capabilities and its key priorities as the automotive world moves to an all-electric future. It will also share… Continue reading @Geely: Thu 18 Aug 2022Lotus Engineering: The Innovators #1 1 | 5 | 0 Welcome to a new series of content from Lotus Engineering, the consult…
Torch.AI & Vertosoft Join Forces to Optimize Data Infrastructure with AI for 100+ New Customers Across the U.S. Government
LEAWOOD, Kan., Aug. 18, 2022 /PRNewswire/ — Torch.AI, pioneers of data infrastructure AI, announced today a partnership with Vertosoft to accelerate the adoption of next-generation artificial intelligence (AI) and data infrastructure software capabilities across the U.S. Government. Continue Reading Vertosoft Torch.AI, already supporting some of the world’s most important organizations, has re-imagined how organizations use… Continue reading Torch.AI & Vertosoft Join Forces to Optimize Data Infrastructure with AI for 100+ New Customers Across the U.S. Government
China Automotive Systems Announces Annual Meeting on August 26, 2022
CAAS announces the conference call and webcast information for the Annual Meeting of Stockholders to be held on Friday, August 26, 2022 at 9:00 AM local time, or 9:00 PM EDT on August 25, 2022 WUHAN, China, Aug. 18, 2022 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering… Continue reading China Automotive Systems Announces Annual Meeting on August 26, 2022
D-Fend Solutions and Syzygy Integration Cooperate to Optimize C-UAS Communications and Data Management
RF Cyber Counter-drone takeover technology combines with situational awareness sensor engineering to deliver greater C-UAS interoperability, calibration and control. RA’ANANA, Israel, MCLEAN, Va., and WEST CONSHOHOCKEN, Pa., Aug. 18, 2022 /PRNewswire/ — D-Fend Solutions, leader in radio frequency (RF), cyber-based, counter-drone takeover technology and Syzygy Integration, a next-generation situational awareness technology engineering firm have integrated D-Fend’s EnforceAir™ C-UAS with… Continue reading D-Fend Solutions and Syzygy Integration Cooperate to Optimize C-UAS Communications and Data Management