JD Supra: Mergers
JULY 28, 2023
The U.S. Justice Department (DOJ) and Federal Trade Commission (FTC) (collectively, the “Agencies”) released for public comment draft Merger Guidelines that outline how the agencies evaluate proposed deals. The Agencies have periodically updated their Merger Guidelines, with the last such update in 2010.
TechCrunch: M&A
JULY 6, 2023
DigitalOcean , the cloud hosting business, today announced that it’s agreed to acquire Paperspace , a New York-based cloud computing and AI development startup, for $111 million in cash. DigitalOcean CEO Yancey Spruill says that Paperspace’s infrastructure and tooling, once integrated with DigitalOcean’s products, will enable customers to more easily test, develop and deploy AI applications.
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Business Standard - FInance
JULY 4, 2023
Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year
Global Banking & Finance
JULY 3, 2023
Japan’s top lenders in fresh drive to win US investment banking deals By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say.
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In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.
The TRADE
JULY 4, 2023
HSBC’s head of artificial intelligence (AI) for markets and securities services has departed for rival bank, JP Morgan, The TRADE can reveal. Ash Booth joins JP Morgan as applied AI lead for markets operations after spending the last nine years with HSBC in data science roles. “We wish him all the best in his future endeavours and thank him greatly for his extensive contributions during his nine years with the bank and in particular the impressive leadership on artificial intelligence and machin
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JD Supra: Mergers
JULY 24, 2023
Word began circulating a few days ago that tobacco giant Phillip Morris has agreed to purchase Israeli cannabis company Syqe Medical for a whopping $650 million if certain future events come to fruition. While the two companies evidently have some history together, this new deal is reportedly tied to Phillip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.
The New York Times: Banking
JULY 31, 2023
The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.
Cisco: M&A
JULY 20, 2023
It’s not news to any of us that we have a serious workforce gap in the tech world. Experts predict the global talent shortage to surpass 85 million by 2030, which translates to $8.
Global Banking & Finance
JULY 4, 2023
UniCredit appoints new head of digital to replace Jingle after two years MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital and information, replacing Jingle Pang, the Italian bank said on Tuesday.
The TRADE
JULY 5, 2023
AllianceBernstein (AB) has expanded its presence in the Middle East with a new office in Dubai International Financial Centre (DIFC), becoming the latest in a string of global asset management firms to set up shop in the region. The move comes as part of AB’s strategic plan to strengthen its presence in the Middle East. AB has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in the DIFC.
PE Hub
JULY 5, 2023
As part of the agreement, each AEL shareholder will receive $55 per AEL share. The post Brookfield Reinsurance to buy life insurance firm AEL for $4.3bn appeared first on PE Hub.
Global Newswire by Notified: M&A
JULY 31, 2023
Vista, California, July 31, 2023 (GLOBE NEWSWIRE) -- Watkins Wellness, a leader in hot tubs and aquatic fitness systems, today announced the expansion of its portfolio of personal well-being products and entry into the sauna category as a result of the pending acquisition of Sauna360 Group Oy (“Sauna360”) by Watkins Wellness’ parent company, Masco Corporation.
The New York Times: Banking
JULY 28, 2023
The decision places more strain on the cannabis industry, which largely operates with cash and is not uniformly regulated across the United States. The drug is still illegal on the federal level.
Cisco: M&A
JULY 28, 2023
Hello everyone, and welcome back to my little corner of the Internet. I always take inspiration from what I’m currently working on in my day job when putting together an idea for a post and/or video.
Global Banking & Finance
JULY 3, 2023
Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales.
The TRADE
JULY 27, 2023
BNP Paribas saw a 3.3% increase in its overall revenue in the second quarter of 2023 compared to Q2 2022, despite a dip in its corporate and institutional performance and global markets results. Revenue for the corporate and institutional banking area were down 2.3% overall this quarter compared to Q2 2022, with a noted decrease in fixed income currencies and commodities (FICC) revenues attributed to “the normalisation of the activity in a less buoyant environment, particularly in fixed-income a
PE Hub
JULY 6, 2023
Denver-based Mercer is a wealth management and financial planning firm. The post PE-backed Mercer Global Advisors buys wealth management firms Day & Ennis and Mallard appeared first on PE Hub.
Global Newswire by Notified: M&A
JULY 24, 2023
PRESS RELEASE Amsterdam, 24 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has signed an agreement to acquire the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2024.
The New York Times: Banking
JULY 28, 2023
Amid severe limits on withdrawals and a yearslong financial crisis, Lebanese depositors are resorting to force to demand their own money, earning the moniker “the world’s most honorable bank robbers.
Cisco: M&A
JULY 26, 2023
There are things in life that just go better together. Salt and pepper. Fish and chips. Chili and cheese. Another perfect pairing, if you’re hungry for tech training, is the combination of Cisco U.
Global Banking & Finance
JULY 3, 2023
Amazon rolls out first European Rivian vans in Germany By Nick Carey (Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network, it said on Tuesday.
The TRADE
JULY 25, 2023
Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.
PE Hub
JULY 5, 2023
Imperial Dade is a provider of foodservice packaging supplies and janitorial supplies. The post Advent-backed Imperial Dade acquires industrial and janitorial supplies provider Lovan appeared first on PE Hub.
Razorpay
JULY 25, 2023
Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.
CNBC: Investing
JULY 26, 2023
"Investing for the long term in competitively advantaged growth businesses managed by exceptional executives. That's our strategy," Baron said.
Cisco: M&A
JULY 25, 2023
Co-authored by Linda D’Amico , Senior Director of Cisco Refresh According to a KPMG study – in cooperation with the Anti-Gray Market Alliance – counterfeiting is a big issue leading to an estimated … Read more on Cisco Blogs
Global Banking & Finance
JULY 3, 2023
Arrival, Nikola signal more pain for EV startups (Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery unit, the companies said on Monday, amplifying concerns over the struggles electric vehicle (EV) startups face in building scale.
The TRADE
JULY 19, 2023
More than three quarters of surveyed prop trading firms confirmed said volatility trading strategies had out-performed other markets last year, according to a new report from Acuiti. Of the respondents, 35% labelled volatility “significantly better” than other strategies, while 33% reported a “slightly better” performance. Around a third of surveyed firms which are not currently trading volatility products confirmed their intention to do so going forward.
PE Hub
JULY 3, 2023
Shines Energy is a Dartmouth, Nova Scotia-based provider of residential heating, cooling and air quality. The post Gryphon-backed Right Time buys Nova Scotia’s Shines Energy appeared first on PE Hub.
The New York Times: Banking
JULY 28, 2023
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
CNBC: Investing
JULY 18, 2023
The second-quarter earnings season has kicked into high gear, and a slew of stocks have the potential to enjoy a boost on earnings surprise, according to UBS.
Cisco: M&A
JULY 24, 2023
July is Disability Pride Month, a time to celebrate and honor the diversity within the disability community, reflect on challenges that people with disabilities are facing, and inspire action to make… Read more on Cisco Blogs
Global Banking & Finance
JULY 3, 2023
UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station on their phones or satnavs after the country’s antitrust regulator said competition had weakened in the sector since 2019.
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