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Private Equity Firm Creador’S First Close Of Fifth Fund Raises Us$500M

KUALA LUMPUR (July 16): Private equity firm Creador’s first close of fifth flagship investment vehicle – Creador V – has raised US$500 million (RM2.1 billion), which is the firm’s biggest close to date that occurred four months after its first invited investors on board in March 2021, according to sources familiar with the matter. “The …

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3 Big Takeaways From Elon Musk, Jack Dorsey, And Cathie Wood’S Bitcoin Showdown

After weeks of hype, three of the tech world’s most prominent Bitcoin boosters took to the virtual stage Wednesday to discuss the values and potential of the benchmark cryptocurrency. Tesla CEO Elon Musk, Square and Twitter CEO Jack Dorsey, and ARK Invest CEO Cathie Wood came together for “The B Word,” a virtual conference co-hosted by Wood’s investment …

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Banking, Telecoms And Healthcare Among Beneficiaries Of Economic Recovery

THE reimposition of the nationwide Movement Control Order (MCO) on June 1 has certainly weighed on the pace of the country’s economic recovery, which was just gathering speed when most activities were halted. The World Bank has slashed its GDP growth forecast for Malaysia this year, citing the resurgence in Covid-19 cases and slower-than-expected vaccine …

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Tech Didi Removed From China’s Wechat And Alipay Apps For New Users In Another Big Blow

GUANGZHOU, China — Didi’s main app has been removed from Tencent’s WeChat messaging service and Ant Group’s Alipay, in another blow to the Chinese ride-hailing company. WeChat, which boasts over 1 billion users, and Alipay, which has over 900 million, are so-called super-apps. That means users can open and use other apps, like Didi, without leaving Alipay or WeChat. …

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Oil Touches Six-Year High After OPEC Fails To Get Deal, Then Turns Negative

Oil jumped to its highest level in six years after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond. On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures traded as high as $76.98, a price not seen since November 2014. But …

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Fed Chair Powell Says It’s ‘Very, Very Unlikely’ The U.S. Will See 1970S-Style Inflation

Federal Reserve Chairman Jerome Powell acknowledged Tuesday that some inflation pressures are stronger and more persistent than he had anticipated, though still not on par with some of the worst episodes the U.S. has seen historically. Under questioning from a special House panel, the central bank leader continued to attribute most of the recent inflation surge to …

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Serba Dinamik declines 23% to new low of 41 sen, EPF continues to dispose shares

KUALA LUMPUR (June 25): Serba Dinamik Holdings Bhd declined 23% today to hit a new closing low, while substantial shareholder Employees Provident Fund (EPF) continued to dispose of its equity holdings in the open market. The counter remained in the red throughout the day, and had fallen as much as 24% to an intraday low …

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CTOS Digital IPO to raise RM1.2b, including RM990m for existing shareholders

KUALA LUMPUR (June 30): CTOS Digital Bhd (formerly known as CTOS Holdings Sdn Bhd) is raising RM1.2 billion from its Main Market listing exercise at the offer price of RM1.10 per share. Based on the issue price of RM1.10 per share, CTOS Digital, which owns credit reporting agency CTOS Data Systems Sdn Bhd, is valued at …

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