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Business Finance
UPDATE 2-Hong Kong Biotech Company Prenetics Goes Public Through $ 1.7 Billion PSPC Deal
* Prenetics to obtain up to $ 459 million in cash proceeds from the transaction* Prenetics revenue more than tripled to $ 205 million in 2021 compared to 2020* COVID-related activities will account for 20% of revenue in 2023 - CEO of…
Africa Finance Corporation plans $ 500 million climate resilient infrastructure fund under its new…
Lagos, Nigeria - (COMMERCIAL THREAD) - As part of its desire to fight Africa's vulnerability to climate risk, the Africa Finance Corporation (AFC) has created an independent asset management branch, AFC Capital Partners, with a first…
Minority-owned businesses face uneven recovery; an underfunded federal agency could change that
The United States is experiencing a troubling and inequitable economic recovery. A survey found that more than a quarter (27%) of small minority-owned businesses remained closed, compared to 18% of other small businesses. Meanwhile, the…
PRESS DIGEST-British Business – September 9
September 9 (Reuters) - The following are the main stories on the business pages of UK newspapers. Reuters has not verified these stories and does not guarantee their accuracy.
The temperature
- The jump in inflation will be…
Who to turn to when a natural disaster wreaks havoc on your finances | Smart change: personal…
Career choices are often based on personal interests, experience and earning potential - and increasingly, they require at least a college degree. What undergraduates choose to specialize in while…
Australia, Singapore and South Africa to test c.bank cross-border digital payments
HONG KONG, Sept. 2 (Reuters) - Central banks in Australia, Singapore, Malaysia and South Africa will conduct a trial of cross-border payments using different central bank digital currencies (CBDCs) to assess whether it helps settle…
Raul Rebello appointed new COO of Mahindra Finance
Mahindra & Mahindra Financial Services Ltd, part of the Mahindra Group, has appointed Raul Rebello as the new Chief Operating Officer (COO) with immediate effect. Rebello was appointed COO following the transfer from Rajnish Agarwal to…
Want to be a more holistic healthcare business? Add ginger
When Headspace merged with the on-demand mental health care platform Ginger, I was surprised. After all, Ginger raised $ 100 million in Series E funding just a few months ago - and the last time I spoke to CEO Russell Glass, he stressed…
Latest coronavirus: Pfizer seeks full US regulatory approval for recall
The number of US states on Chicago's travel advisory topped 40, with most of the country experiencing high levels of Covid-19 transmission. Colorado, Maryland, Nebraska and South Dakota were added to the list on Tuesday, bringing the total…
Equipment borrowing by US companies increases 9% in July
Aug 23 (Reuters) - US corporate borrowing for capital investments rose 9% in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.
The companies signed $ 9.9 billion in new loans, leases and…