Commerce

Blackstone has been quietly investing in life sciences for years. Now his bet could pay off.

The pandemic grabbed the life sciences headlines, but Blackstone Group had quietly built a multibillion-dollar stake in the company for most of a decade. Last year alone, the publicly traded private equity giant (ticker: BX) invested some $ 16 billion in life sciences, its main investment focus for the year. …

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Tata Steel has amassed a 20,144 crore rupee war chest to counter economic turmoil

Debt-burdened Tata Steel has amassed a cash treasure trove of Rs 20,144 crore to weather economic turmoil after the coronavirus pandemic. The liquidity buffer has increased by 43.6% in the six months (Jan-June) and it includes Rs 14,178 crore of cash and cash equivalents on its books for the June …

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Mortgage rates hit a new all-time low as homebuyers rush for cheap financing

Mortgage rates have become even more affordable – a boon to many Americans who are once again considering buying a home as coronavirus-related stay-at-home orders are lifted across the country. The 30-year fixed rate mortgage fell to an average of 3.15% in the week ending May 28, a drop of …

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Suspension of payment of student loans extended until January 31

December 4, 2020 9:02 PM Posted: December 4, 2020 9:02 PM Update: December 7, 2020 9:42 AM Shutterstock Those on student loans will get another month of relief after Education Secretary Betsy DeVos extended the break on student loan payments until January 31. Borrowers have not had to make payments …

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Billionaire Robert Smith keeps promise to pay off Morehouse student debt

More than 400 new Morehouse College graduates received email letters on Friday informing them of their student loan amounts that will be repaid by a billionaire donor who pledged last spring to write off loan debt for the entire class of 2019. The collective gain, which includes loans taken out …

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Asia Pacific Wire & Cable Corporation Limited Announces

TAIPEI, Taiwan, September 18, 2020 (GLOBE NEWSWIRE) – Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) (the “Company”), a leading manufacturer of wire and cable products for the telecommunications industries and electric power in the Asia-Pacific region, today announced that: (1) the Company will convene its 2020 annual general …

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SBA Part Thirty-Nine: SBA Releases New IFR on Schedule C Filers, Updates to Fraud Crime Restriction, and Revised FAQs

On March 3, 2021, the Small Business Administration (SBA) published changes under the Interim Final Rule on Paycheck Protection Program (P3) Loan Amount Calculation and Eligibility and issued a updated version of its Frequently Asked Questions (FAQ) to reflect changes made by the Economic Assistance to Small Businesses, Nonprofit Organizations …

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PCMA launches an advertising campaign highlighting its organized credit offers

Lynch said the loan performance and high return on investment of these “organized loans” prompted the company to expand its OMEGA program. Loan amounts range from $ 750,000 to $ 5 million or more. Figures from Redfin’s recent housing industry report revealed that sales of luxury homes – those with …

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Emma Wang: The power of women in fundraising

By Charlotte Chen February 25, 2021 Emma Wang, Managing Director and Head of Private Equity at the Hong Kong Office in the East West Bank The East West Bank leader talks about current trends and perspectives in the Asian private equity industry and its perspectives on gender equality in a …

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Kodak triples its loan to manufacture COVID-19 drug ingredients

Shares of Eastman Kodak Co. more than tripled on Tuesday on plans to secure a $ 765 million government loan to help produce ingredients used in major generic drugs to fight the coronavirus. The development bank loan is the first of its kind under the Defense Production Act in conjunction …

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