Financial markets
ABL Asset Management Limited, one of Pakistan's leading asset management companies, has released the Net Asset Values (NAV) for its various funds as of August 2 and 3, 2021. The NAV serves as a crucial indicator of the fund's performance, reflecting the market value of its
Financial markets
The growth of Other Financial Corporations (OFCs) in the Philippines reached P6.815 trillion as of the end of the first quarter 2021, marking a nine percent increase from the previous year's figure of P6.251 trillion. This surge is attributed to higher claims from the private sector
Financial markets
Researchers have detailed new data on the Coronavirus pandemic's impact on the health and tourism sectors, revealing significant negative bidirectional return spillover between the two sectors, particularly during the pandemic period. Employing the VARMA-CCC-AGARCH model, the study examined the daily data collected for health and tourism stocks between
Financial markets
Independence Realty Trust, Inc. has announced an underwritten public offering of 14 million shares of common stock. The company expects to grant underwriters a 30-day option to purchase up to 2.1 million additional shares of common stock. The proceeds from the offering will be used to repay indebtedness and
Financial markets
A recent study by researchers from Pusan National University has examined the asymmetric return spillovers between crude oil futures, gold futures, and ten sector stock markets of China during the COVID-19 pandemic. The research, supported by the University of Economics Ho Chi Minh City, Vietnam, and the Ministry of Education
Financial markets
Bridgepoint, a UK-based private equity firm, kicked off its stock market debut with an initial PS2.9 billion valuation. The firm's shares surged by over 25% to around 440p in early trading, outpacing its initial public offering (IPO) price of 350p a share. The listing raised PS300 million
Financial markets
Moody's Investors Service has assigned an Aaa-mf rating to the ESG Prime Master Fund and its three feeder funds managed by UBS Global Asset Management (Americas) Inc. The high credit quality of the Fund's investments, diversification of the portfolio, and the fund manager's disciplined
Financial markets
Karachi -- July 13, 2021, the National Bank of Pakistan (NBP) released updated information on its Islamic and conventional funds, including savings, stock, and pension funds. A total of 31 funds are listed, with various redemption rates ranging from 9.5580% to 372.281%. This update provides a comprehensive overview
Financial markets
The chemicals giant Ineos is expanding its presence in the energy sector with a significant investment in a new hydrogen fund. The company is buying £25m worth of shares in HydrogenOne Capital Growth, a UK-listed investment company focused on clean hydrogen energy. This move marks a significant step in Ineos&
Financial markets
The chemicals giant Ineos is making a strategic move into the hydrogen market, investing £25m in a new fund that will focus on clean hydrogen energy. The investment, which gives Ineos co-investment rights and a seat on the fund's board, reflects the company's growing ambitions in
Financial markets
Bridgepoint, a leading private equity firm, has announced plans for a stock market flotation, seeking to raise around £300m to fund its growth plans, boost cash in its own funds, and pay down debts. The move comes amid a surge in private equity deals, but the sector is facing increasing
Financial markets
Acurx Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, announced the closing of its initial public offering (IPO) of 2,875,000 shares of common stock, after exercising the underwriters' option to purchase an additional 375,000 shares. The shares were priced at $6.00 per share and listed on the
