Author: Charlotte

Railway Industry Association’s (RIA) Northern Ireland Railway Networking Reception. Photo credit: RIA The Minister for Infrastructure, Liz Kimmins MLA, whose portfolio includes responsibility for the maintenance and development of critical infrastructure in Northern Ireland, has emphasised the importance of continued investment in rail. Speaking at the Railway Industry Association’s (RIA) Northern Ireland Railway Networking Reception at Stormont in Belfast, Minister Kimmins said: “Investing in rail is an investment in people, place and potential. It strengthens our economy, creates high-quality long-term jobs, connects communities to opportunity, protects our environment and supports a safer, greener, more inclusive island.” The event comes at…

(Bloomberg) — China’s economic recovery remains patchy, with latest indicators pointing to a contraction in manufacturing, while consumers splurge over the holidays and the housing market continues to rebound. Purchasing managers’ indexes released Sunday showed an unexpected decline in factory activity in April, weighed down by weaker global demand for Chinese exports. Chinese consumers, though, continued to spend on travel and shopping.The data suggest China’s recovery remains lopsided, with the production side of the economy lagging the rebound in consumption. That underscores Chinese leaders’ cautious growth outlook at a meeting Friday and the need for more policy stimulus. The mixed PMI figures…

** For the best experience, download the free Africa Private Equity News app Android | iOS **TLG Capital has announced the $120 million second close of its TLG Africa Growth Impact Fund II (AGIF II).The second close is led by Proparco and Calvert Impact Capital, a subsidiary of US-based impact investing firm Calvert Impact, alongside six additional new investors and increased allocations from several first close investors including Swedfund. AGIF II now includes 22 investors alongside a strategic partnership with the UK FCDO through its Manufacturing Africa programme.In the year since the fund’s $75 million first close in April 2025,…

The warehouse at Victoria Industrial Estate (image credit: Cube RE) A real estate investor has acquired the freehold interest to a 20,830 sq ft distribution warehouse in Burgess Hill, West Sussex. Cube RE made the purchase of the site at Victoria Industrial Estate on behalf of the Hathaway Opportunity Fund (HOF) – its joint venture with NFU Mutual. The warehouse is fully let to International Logistics Group, with the lease close to expiry. The purchase provides an opportunity to refurbish the unit to be able to capture reversion in line with prime rents in the area, as well as the…

Bank to acquire redeemable convertible preferred shares issued by FuriosaAINational Growth Fund also commits 800 billion won in direct investment The headquarters of the Export-Import Bank of Korea [Export-Import Bank of Korea] The Export-Import Bank of Korea said Tuesday it will make a 20 billion won ($13 million) equity investment in FuriosaAI, an AI chipmaker.The investment — the bank’s first direct equity stake since its founding — will be made through the acquisition of redeemable convertible preferred shares, or RCPS, issued by FuriosaAI. The company is a fabless AI chip designer that develops neural processing units, or NPUs, for data…

The U.S. Securities and Exchange Commission, under Chair Paul Atkins, has introduced new clarity regarding how NFTs are treated from a regulatory standpoint. According to the statement, most NFTs are classified as digital collectibles rather than securities.This distinction is significant because securities fall under strict regulatory frameworks, while collectibles generally do not. NFTs represent unique digital ownership of assets such as artwork, music, or virtual goods, and are typically purchased for their intrinsic or collectible value.Under U.S. law, securities are defined by the expectation of profit derived from the efforts of others. In many NFT cases, this condition is not…

Dollar Extends Rally; Hedge Funds Pile In. Institutions Warn 2022-Style Explosive Surge May Replay Tiger Brokers Source link

ICICI Prudential Mutual Fund launches Balanced Hybrid Fund; NFO opens today Moneycontrol.com Source link

Gold prices fell below 4,000 USD per troy ounce on Tuesday, reaching their lowest level in nearly eight months. The precious metal remains under pressure amid expectations of further Federal Reserve tightening and ongoing uncertainty over the Middle East situation.Since the start of June, gold has lost more than 12%, with quarterly losses estimated at approximately 15%. Markets continue to price in three Fed rate hikes for the remainder of the year, with the first potentially coming in September.Investors are now turning their attention to the upcoming US labour market report, which could shape expectations for the Fed’s next policy…

Altcoins remain under severe pressure after CryptoQuant analyst Darkfost said 84% of the market is trading below its 200-day moving average. Key Points: Darkfost said 84% of altcoins are below their 200-day moving average, signaling broad underperformance. The altcoin market, excluding Ether (ETH), has confirmed a weekly close below that level. Analysts remain split, with some seeing a medium-term opportunity and others pointing to continued market weakness. Altcoin Market Darkfost said Tuesday that altcoins have been the hardest-hit part of the bear market, with most tokens now in what he called a “state of total underperformance.” He said every attempt…