Mars W. Mosqueda Jr. 11 November, 2022 World Bank Group member International Finance Corporation (IFC) has proposed to invest in an unfunded risk participation facility of up to $200 million with Standard Chartered (Pakistan) Limited (SCBPL). Risk participation is an agreement where a bank sells its exposure to a contingent obligation to another financial institution.… Continue reading IFC mulls investing in StanChart Pakistan’s unfunded risk facility
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Vietnamese financial services firm F88 raises $60m loan from Lending Ark, Lendable
Mekong Capital-backed Vietnamese financial services firm F88 has secured a loan of $60 million from Lending Ark Asia Secured Private Debt Funds and Lendable, according to a statement. Lending Ark, the private debt business of Hong Kong-based alternative investment firm CLSA Capital Partners, has contributed a sum of $50 million towards the loan financing. Prior… Continue reading Vietnamese financial services firm F88 raises $60m loan from Lending Ark, Lendable
PE giant Carlyle files to raise sixth Asia buyout fund
Global private equity firm Carlyle Group Inc has officially filed to raise its sixth Asia fund, which was earlier touted as its biggest buyout vehicle for this region. In November last year, media reports indicated that Carlyle was seeking $8-10 billion for the Carlyle Asia Partners VI fund. In May this year, Bloomberg said the… Continue reading PE giant Carlyle files to raise sixth Asia buyout fund
Clean Tecnica: Tesla to Boost Fremont Production with Help from Shanghai 002367
Recent production upgrades to Tesla’s Gigafactory Shanghai have boosted the company’s weekly output in China, and now the automaker may be looking to draw on this expertise for its U.S. plant in California. After Tesla’s record delivery month in China just a few months ago, the help is expected to boost the Fremont plant’s production… Continue reading Clean Tecnica: Tesla to Boost Fremont Production with Help from Shanghai 002367
Elon Musk Says That Under His Brilliant New Management, Twitter May Go Out of Business
Surely no one could have predicted this. But His Emails In emails to his new employees, freshly-minted Twitter czar Elon Musk painted a pretty doom-tastic portrait of the road ahead for the social network’s remaining employees — and told them that soon, they may all be out of a job. Emails Musk sent to Twitter… Continue reading Elon Musk Says That Under His Brilliant New Management, Twitter May Go Out of Business
Tesla Issues Software Patch So That Its Cars Don’t Lose Power Steering on Potholes
Whoops! Pesky Potholes Tesla has “recalled” more than 40,000 of its vehicles due to a glitch that could cause a loss of power steering, according to a safety-recall report from the National Highway Traffic Administration released last week that was made public on Tuesday. Despite officially being labeled as a recall, though, it’s really just… Continue reading Tesla Issues Software Patch So That Its Cars Don’t Lose Power Steering on Potholes
Russia’s Sway Over Criminal Ransomware Gangs Is Coming Into Focus
Russia-based ransomware gangs are some of the most prolific and aggressive, in part thanks to an apparent safe harbor the Russian government extends to them. The Kremlin doesn’t cooperate with international ransomware investigations and typically declines to prosecute cybercriminals operating in the country so long as they don’t attack domestic targets. A long-standing question, though,… Continue reading Russia’s Sway Over Criminal Ransomware Gangs Is Coming Into Focus
This browser extension tells you who paid for Twitter verification
Twitter verification is now just $8 away, but that doesn’t mean the social network has democratized its long-standing status symbol entirely. The Twitter verification badge is now split between two different groups: accounts that were officially verified for being “notable in government, news, entertainment, or another designated category,” and accounts that paid for the checkmark… Continue reading This browser extension tells you who paid for Twitter verification
Chris Rock’s upcoming comedy special will be Netflix’s first-ever livestream
Netflix is finally ready to dip into livestreaming months after word emerged of its plans. The service has confirmed that Chris Rock will debut a comedy special live on the service sometime in early 2023. He’s the “first artist” to receive the distinction, the company says, and the stream will be available worldwide. The firm… Continue reading Chris Rock’s upcoming comedy special will be Netflix’s first-ever livestream
Elon Musk tells Twitter employees ‘bankruptcy is not out of the question’
Two weeks after taking over Twitter, Elon Musk has finally addressed the company’s remaining staff and the message was bleak. Speaking at an all-hands meeting, Musk said that Twitter is losing so much money that “bankruptcy is not out of the question,” The Information and Platformer reported. Twitter hasn’t turned a profit since 2019, and… Continue reading Elon Musk tells Twitter employees ‘bankruptcy is not out of the question’