The pre-IPO shareholders of Indonesia-listed technology group PT GoTo Gojek Tokopedia Tbk have decided not to pursue the plan for a coordinated secondary offering of shares after a lock-up period ends on Nov 30, the company said on Wednesday. GoTo did not explain further but the announcement may indicate a hesitancy on the investors’ part amid… Continue reading GoTo’s pre-IPO investors opt out of coordinated secondary offeringThe company’s shares have declined consistently for eight consecutive trading days.
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Fubon Life commits $70m to Morgan Stanley’s fourth global infra fundFubon said its insurance unit is taking a 1.17% stake in North Haven Infrastructur…
Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has agreed to commit $70 million to the latest global infrastructure fund of Morgan Stanley Infrastructure Partners (MSIP). In a disclosure, Fubon said its insurance unit is taking a 1.17% stake in North Haven Infrastructure Partners IV SCSp, the latest vehicle of… Continue reading Fubon Life commits $70m to Morgan Stanley’s fourth global infra fundFubon said its insurance unit is taking a 1.17% stake in North Haven Infrastructur…
Eni in preliminary talks to buy Neptune Energy for up to $6bNo official bid had been submitted.
Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5-$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Eni did not immediately reply to a request for comment. Neptune declined to comment. Reuters Go to Source
Saudi Arabia’s PIF raises $17b in loan refinancing
Saudi Arabia’s sovereign wealth fund said on Wednesday it had secured a $17 billion loan from a group of 25 banks that will partly refinance a loan it took out in 2018. The Public Investment Fund (PIF) raised $11 billion in 2018 via a five-year loan from 15 banks, which “will be repaid early,” PIF… Continue reading Saudi Arabia’s PIF raises $17b in loan refinancing
HSBC eyes sale of NZ retail business, axes UK branches
HSBC announced on Wednesday a possible sale of its New Zealand business and plans to close 114 branches in Britain, in the latest retrenchment by the bank as it strives to improve returns amid criticism from a top investor. HSBC once billed itself as the world’s local bank and built a network of local banking… Continue reading HSBC eyes sale of NZ retail business, axes UK branches
Kraken to cut about 1,100 global jobs as crypto winter bites
Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Higher interest rates and worries of an economic downturn have roiled cryptocurrencies as investors fled risky assets, with recent bankruptcies adding to the uncertainty.… Continue reading Kraken to cut about 1,100 global jobs as crypto winter bites
BlackRock’s Fink says crypto technology still relevant despite FTX
BlackRock Inc Chief Executive Larry Fink said on Wednesday that there appear to have been “misbehaviors” by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future. “We’re going to have to wait to see how this all plays out (with FTX),” Fink said. “I mean, right now we… Continue reading BlackRock’s Fink says crypto technology still relevant despite FTX
Anker’s Eufy lied to us about the security of its security cameras
/ Anker’s cameras clearly aren’t up to the standards it promised. A Eufy security camera, from Anker.Image: Anker/Eufy Anker has built a remarkable reputation for quality over the past decade, building its phone charger business into an empire spanning all sorts of portable electronics — including the Eufy home security cameras we’ve recommended over the… Continue reading Anker’s Eufy lied to us about the security of its security cameras
GM’s Cruise pursuing permit to test its custom-built ‘Origin’ robotaxi in San Francisco
Cruise, GM’s self-driving technology subsidiary, has started the long and winding regulatory process to test its next-generation ‘Origin’ robotaxi on public roads in San Francisco. The company has applied for a permit with the California Department of Motor Vehicles to test its custom-built driverless vehicle on public roads. The news first reported by the Wall… Continue reading GM’s Cruise pursuing permit to test its custom-built ‘Origin’ robotaxi in San Francisco
Tesla secures large EV fleet order from Caltrans
Tesla has secured a large fleet order from the California Department of Transportation (Caltrans), which is trying to electrify its vehicle fleet. Caltrans, like other government agencies in California, is trying to electrify its entire vehicle fleet of about 1,200 vehicles by 2030. They already have 54 Toyota RAV4 Primes (PHEV), 15 Chevy Bolts, 11 Nissan Leafs, and… Continue reading Tesla secures large EV fleet order from Caltrans