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August 18, 2022

Investment

Cuba bids for foreign investment to tackle goods shortages

BBC
In 1969, Fidel Castro nationalised Cuba’s private wholesale and retail industry. The new foreign investment bill, however, recognises that the country’s centralised government cannot resolve its essential goods shortage without investment from overseas. BBC – For more and to sign up click here To Return to the Main Aggregate News......

Climate bill could create 1,000 new companies, says head of investment at Bill Gates’ Breakthrough Energy Ventures

CNBC
CNBC – For more and to sign up click here The Inflation Reduction Act passed by Congress includes a $369 billion investment in climate and energy policies, the biggest investment in U.S. history to fight climate change. From tax breaks to direct subsidies, it has big implications for businesses in......

China’s Jan-July property investment falls at fastest pace since March 2020

Reuters
A crane is seen amid residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register BEIJING, Aug 15 (Reuters) – China’s property investment in January-July fell6.4% from a year earlier, the fastest pace since March 2020, and more than......

NZ’s Contact Energy to reinforce renewable energy generation with $193 mln investment

Reuters
Aug 15 (Reuters) – New Zealand’s Contact Energy (CEN.NZ) said on Monday it would spend NZ$300 million ($193.29 million) to build a 51.4 megawatt geothermal power unit near its Te Huka power station in Taupo, that would help bolster its renewable power generation amid high demand. The electricity producer said......

Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts

CNBC
CNBC – For more and to sign up click here White House senior advisor Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics attorneys say poses significant conflicts of interest in her new role. The political and communications strategist......

Property investors are holding back as the global economy sours, says Singapore’s CapitaLand Investment

CNBC
CNBC – For more and to sign up click here Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment.  Its half-year financial results on Thursday revealed that CapitaLand Investment’s......

Scaling up: stressed and distressed investment and how to drive value

Reuters
August 8, 2022 – In recent years, global events have driven macroeconomics to be increasingly difficult to predict. This has led to analysts, investors and other market participants to question fundamentals through all aspects of investing but also to try to develop and articulate methods for maximising value. As with......

‘Absolutely not’: Don’t chase the rally in stocks and bonds right now, investment manager says

CNBC
CNBC – For more and to sign up click here Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due......

Japanese giant SoftBank dumps its entire stake in Uber as losses mount at its investment unit

CNBC
CNBC – For more and to sign up click here SoftBank on Monday disclosed that it sold its remaining stake in U.S. ride-hailing giant Uber as the Japanese conglomerate looks to raise cash amid mounting losses at its investment unit. The move comes after SoftBank’s Vision Fund, its technology investment......

Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout

CNBC
CNBC – For more and to sign up click here An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway‘s......

Top Indian lender SBI posts Q1 profit fall on investment book losses

Reuters
The new logo of State Bank of India (SBI) is pictured at the podium of the venue of a news conference after the announcement of SBI’s fourth quarter results, in Kolkata, India May 19, 2017. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register Net profit down......

Jack Dorsey’s Block slows hiring, investment as bitcoin plunge slams earnings

Reuters
Aug 4 (Reuters) – Jack Dorsey-led Block Inc (SQ.N) said it has slowed hiring and will slash its 2022 investment target by $250 million, after a slump in bitcoin prices dragged the digital payments company to a loss in the second quarter. Shares of Block, formerly called Square, fell nearly......

Pinterest climbs on user numbers and Elliott investment even as financials disappoint

CNBC
CNBC – For more and to sign up click here A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and......

Investment in MENA start-up Homzmart rises to $40 mln after latest round

Reuters
A Homzmart logo is pictured inside a company’s showroom in Cairo, Egypt July 31, 2022. REUTERS/Mahmoud Salama Register now for FREE unlimited access to Reuters.com Register Cairo, Aug 1 (Reuters) – Furniture and home goods e-commerce platform Homzmart has closed one of the past year’s biggest funding rounds for a......

Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion

CNBC
CNBC – For more and to sign up click here Amazon’s stake in electric vehicle maker Rivian Automotive was once worth $27 billion. That was in November, shortly after Rivian’s IPO, which took place just before the Nasdaq peaked. But with investors rotating out of risk in 2022 and selling......

Indonesia says Krakatau Steel, S.Korea’s POSCO plan $3.5 bln investment

Reuters
The logo of POSCO is seen at the company’s headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 28 (Reuters) – Indonesia’s Krakatau Steel and South Korea’s POSCO Holdings have signed an agreement to invest $3.5 billion......

Credit Suisse CEO to step down from embattled investment bank, WSJ says

CNBC
CNBC – For more and to sign up click here Credit Suisse Chief Executive Thomas Gottstein addresses the Finanz und Wirtschaft Forum conference in Zurich, Switzerland, September 2, 2020. Arnd Wiegmann | Reuters Credit Suisse CEO Thomas Gottstein is about to step down from the embattled investment bank, the Wall......

British PM candidate Truss sets out investment plans

Reuters
British Foreign Secretary and Conservative leadership candidate Liz Truss attends a Conservative Party leadership campaign event in Marden, Britain, July 23, 2022. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, July 24 (Reuters) – British Foreign secretary Liz Truss will set out plans to create new......

Australia gov’t to double foreign investment fees, penalties

Reuters
SYDNEY, July 22 (Reuters) – Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he grapples with protracted budget deficits and seeks to boost government revenue. The increase in fees and penalties for purchases of property, farms......

Dedeaux Properties Closes First Half of 2022 with $400M+ in Investment and Development Activity

@BreaknNews
   2238 S Lilac Avenue Bloomington, Ca LOS ANGELES – July 19, 2022 – — Dedeaux Properties continues its torrid industrial investment and development momentum tilting the walls on a 47,809-square-foot high through-put distribution center in the Inland Empire submarket of Bloomington, CA. Located at 2238 S. Lilac Avenue, only......

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