South Korea’s mammoth National Pension Fund (NPS) will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero at present, the welfare ministry said on Friday. “If foreign exchange rates rise to unusually high levels again, it is necessary to temporarily reduce the size of the foreign exchange exposure until… Continue reading S Korea pension fund NPS opens up forex hedging limit to maximum 10%
Category: Tech News
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Crypto trader Amber raises $300m to offset fallout from FTX collapse
Singapore-based crypto trading and lending platform Amber Group has completed a $300 million Series C funding round to protect clients affected due to the collapse of FTX’s collapse, it shared of Twitter on Friday. The funding round was led by Shanghai-based Fenbushi Capital US and joined by other blockchain-focused venture capital investors and family offices.… Continue reading Crypto trader Amber raises $300m to offset fallout from FTX collapse
‘Death Stranding’ will get a movie adaptation
It will feature new elements and characters. Kojima Productions is working with LA-based Hammerstone Studios to develop a movie adaptation of Death Stranding. The 2019 action game already provides quite a cinematic experience with lengthy cut scenes and dramatic expositions, which is probably part of the reason why they aren’t directly adapting its story into… Continue reading ‘Death Stranding’ will get a movie adaptation
Solar energy startup Sun King raises $70m in Series D extension led by LeapFrogSun King had raised $260m in the first tranche of its Series D in April…
Sun King, an Africa- and Asia-focused solar energy company, has extended its $260 million Series D funding round to $330 million after raising a fresh $70 million led by LeapFrog Investments. Sun King, founded in 2007 by Patrick Walsh and Anish Thakkar, provides D2C, pay-as-you-go (PAYG) solar distribution networks, enabling households and individuals to get… Continue reading Solar energy startup Sun King raises $70m in Series D extension led by LeapFrogSun King had raised $260m in the first tranche of its Series D in April…
Asia Digest: DEA raises $10m; OPEC commits $38m to Bangladesh
Global alternative investment group LDA Capital has invested $10 million in Singapore-based Digital Entertainment Asset (DEA) while the OPEC Fund for International Development has committed $38 million to Bangladesh. DEA secures $10m investment from LDA Digital Entertainment Asset (DEA), the operator of NFT gaming platform PlayMining, announced that it secured a $10-million investment from alternative… Continue reading Asia Digest: DEA raises $10m; OPEC commits $38m to Bangladesh
Mural Names David Baga as New CEO
David Baga, Mural CEO Mural, a San Francisco, CA-based collaborative intelligence company, announced David Baga as its new CEO, succeeding co-founder Mariano Battan. Battan will support Baga in his new role as executive chairman of the board. As executive chairman of the board, he will lead the operations of the board while supporting Baga with vision, guidance, and… Continue reading Mural Names David Baga as New CEO
Tesla (TSLA) offers 10,000 free Supercharging miles to buyers as it tries to create urgency
Tesla has authorized its sales staff to offer 10,000 free Supercharging miles to customers who take delivery by the end of the month as it tries to create some urgency for buyers to take delivery. As we have recently reported, Tesla is having some rare demand issues lately – especially in the United States due… Continue reading Tesla (TSLA) offers 10,000 free Supercharging miles to buyers as it tries to create urgency
Asia-focused Ares SSG raises $1.12b so far for sixth flagship PE fundIn 2019, the firm raised $2.7b for Fund V and its sidecar co-investment vehicle.
Asia-focused alternative asset manager Ares SSG has raised $1.125 billion so far for its sixth flagship Asian special situations fund, according to its filing with the US Securities and Exchange Commission (SEC). According to the filing, Ares SSG has already secured commitments from at least six investors for Ares SSG Capital Partners VI LP, which… Continue reading Asia-focused Ares SSG raises $1.12b so far for sixth flagship PE fundIn 2019, the firm raised $2.7b for Fund V and its sidecar co-investment vehicle.
PLDT sells another 650 telco towers to Partners Group-backed Unity
PLDT, the Philippines’ largest telecom company, has signed a deal to sell another 650 cellular towers to independent tower firm Unity Digital Infrastructure (Unity) for 9.2 billion pesos (about $165 million), according to a disclosure. The agreement, signed by PLDT’s subsidiaries Smart Communications and Digital Mobile Phils, will also see Smart leasing back the towers… Continue reading PLDT sells another 650 telco towers to Partners Group-backed Unity
Cleantechnica: Tesla Model Y Top Seller In Europe 002456
The Tesla Model Y has been a top seller in Europe this year, even against a backdrop of increasing competition in the electric vehicle space. The competition will continue to chip away at Tesla’s impressive market share in the coming years, but it’s got an impressive head start in Europe, as led by its flagship electric… Continue reading Cleantechnica: Tesla Model Y Top Seller In Europe 002456