The anticipated US interest-rate cuts, the Hong Kong government’s measures to attract family offices and the coming investment migration scheme will attract investors to yuan-denominated assets this year, according to a senior executive at Standard Chartered Bank. The lender, one of the three note-issuing banks in the city, believes the Federal Reserve will start cutting
NEW YORK — (AP) — The Securities and Exchange Commission reluctantly approved trading of the first bitcoin exchange-traded funds Wednesday, saying it is still deeply skeptical about cryptocurrencies and that the agency “did not approve or endorse bitcoin” in its decision. An exchange traded fund, or ETF, is an easy way to invest in something
A Californian court sentenced a man to four years in prison for helping set up an investment fraud scheme through which he and his co-conspirators stole millions from elderly and vulnerable people. Scammers of financial fraud have been found targeting a vast number of individuals aged over 60. (Photo: Freepik, License)According to U.S. authorities, 66-year-old
Egypt’s FriendyM raises $3.2 million investment News • 10 January, 2024 Edit Egypt-based autotech FriendyM, has $3.2 million investment. Founded in 2016 by Abdelrahman Elgamal, FriendyM offers, through its platform, several car services like maintenance, tracking car expenses, and concierge services, among others. FriendyM, which is already operational in Saudi Arabia, the
Jan. 10, 2024 at 9:24 a.m. ET By Ben Glickman Nauticus Robotics named new a interim chief executive officer and interim finance chief after receiving an investment from existing investors. The Houston-based undersea autonomous robotics company said President John Gibson Jr. was promoted to interim CEO Jan. 4. He has served as president since October
Moreover, it marks I Squared Capital’s first direct investment in Brazil where it set foot last month with an office in São Paulo and will give the company a 49% ownership in Órigo Energia, once the transaction is closed, which is expected for the first quarter of 2024. The distributed generation remains the main driver
Technology investments by corporate and investment banks increased 5.4% last year and now account for approximately 20% of overall spending. Revenues for the top 12 corporate and investment banks have grown at an average compound annual growth rate of 5.2% for the past four years. Revenues peaked in 2021 helped by government stimulus and the
More than 40 people gathered at Redstone Arsenal Dec. 5-6 with another 40 attending virtually for a programmatic review of the Corps of Engineers’ Energy Resilience and Conservation Investment Program. A subsection of the Department of Defense-wide Military Construction program, ERCIP specifically funds projects saving energy and water, reducing energy costs, and improving energy resilience
BOISE, Idaho — Wildland fire management is getting more support to the tune of $138 million as part of President Biden’s Investing in America agenda. During a visit to the National Interagency Fire Center in Boise on Tuesday, Acting Deputy Security of the Interior Laura Daniel-Davis announced the national investment. Through the agenda and the
BOISE — Wildland fire management is a year-round endeavor, even with snow covering Idaho rooftops. On Tuesday while visiting the National Interagency Fire Center, Acting Deputy Secretary of the Interior Laura Daniel-Davis announced a $138 million national investment to support wildland fire management. The funds are part of President Biden’s Investing in America agenda and the Bipartisan Infrastructure Law, which