June 1 (Reuters) – Gemini will “soon” start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local regulatory requirements, the crypto exchange said late on Wednesday. Gemini, founded by cryptocurrency pioneers and identical twins Cameron and […]
LONDON, June 1 (Reuters) – French asset manager RAISE has hired a team from power giant EDF’s investment arm (EDF.PA) to run an infrastructure fund seeking 750 million euros ($826 million) to speed up decarbonisation of Europe’s energy, telecoms and transportation industries, it said on Thursday. RAISE Infrastructure will target unlisted companies where it believes […]
Fund aims to ease procurement of critical raw materials Can invest in listed non-financial companies, draft shows Rome seeks at least 500 mln euros from private investors ROME, May 31 (Reuters) – Italy’s cabinet on Wednesday approved a bill to create a fund to support domestic firms, the industry minister said in a statement, in […]
LONDON, May 31 (Reuters) – London-based investment manager Lansdowne Partners LLP said on Wednesday it had agreed to acquire the $1.1 billion UK equities manager CRUX Asset Management, subject to regulatory approval, according to an investor letter seen by Reuters. Lansdowne’s purchase, the value of which remains undisclosed, serves as a succession plan for CRUX’s […]
BENGALURU, May 31 (Reuters) – India’s market regulator is canvassing opinion on plans to strengthen disclosure requirements for high-risk offshore funds to avoid violation of public float norms, it said on Wednesday. The move follows regulators’ investigation of suspected violations by offshore funds in companies of the group led by billionaire Gautam Adani, which has […]
LONDON, May 30 (Reuters) – Investors are becoming increasingly negative on copper’s short-term prospects as deteriorating market optics reinforce a gloomy macro picture. Investment funds have turned net short of the London Metal Exchange (LME) copper contract for the first time since June 2020, mirroring the bearish positioning already established on the CME’s contract. Even […]
SINGAPORE, May 30 (Reuters) – Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin , was around A$34,000 ($23,062) on Binance Australia, […]
No misconduct by Temasek’s investment team Team, senior management took “collective accountability” Temasek did not detail the amount of compensation cut May 29 (Reuters) – Singapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for […]
Aster investors eye selling 30% stake in India biz Company has appointed investment bank Moelis for the deal Talks come as investors attracted by India healthcare space MUMBAI, May 26 (Reuters) – Investors in Aster DM Healthcare (ATRD.NS) are in talks to sell a 30% stake in the company’s India business for about $300 million, […]
AI boom brings fresh challenge for investors AI-themed stocks highly valued Stick with big tech not AI stocks – investors LONDON, May 26(Reuters) – Experienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is how best to invest in the potential of Artificial Intelligence (AI), which took a leap forward […]
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