Sunday, December 8, 2019
Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector. The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease...
Chooch.AI, an artificial intelligence training platform for visual recognition, has raised a $2.8 million seed round led by venture capital firm Vickers Venture Partners. The round also includes funding from angel investors. The funds will be used to expand market reach and grow the team, including hiring additional engineers. “Chooch’s novel...
Venture capital is not exactly known for its humility. With the explosion of new firms accompanied by the next generation of managers, there is an opportunity to change this image. A chance to turn VC into something more humane and approachable. But is the industry’s long feedback cycles and...
BEIJING (Reuters) - Earnings at China’s industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted U.S.-Sino trade war. The downbeat data points to more troubles ahead for the country’s vast manufacturing...
Saudi Aramco, Saudi Arabia's state-owned oil giant, plans to buy up to 19.9 percent of South Korean refiner Hyundai Oilbank for 1.8 trillion won ($1.61 billion) from Hyundai Heavy Industries Holdings . Saudi Aramco plans to buy stake in South Korea's Hyundai Oilbank for $1.6 billion thumbnail courtesy of reuters.com
Markets went into a tailspin in the second half of 2018. File image. Private capital tracker Preqin says in an update that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments. Fundraising by unlisted funds for investment in natural resources – oil and gas,...
By CCN.com: Throughout 2018, more than $3.2 trillion worth of Bitcoin payments were processed on the public blockchain network. The high on-chain transaction volume of the dominant cryptocurrency has demonstrated the efficiency of the asset as a cross-border payment method and as an alternative to existing settlement systems for international...
RIV.V) is pleased to announce it has completed an equity investment in 10663522 Canada Inc., or “Herbert” (“Herbert”), a unique brand platform that focuses on the adult-use cannabis beverage and edibles market. Canopy Rivers subscribed for C$1,500,000 of preferred shares in Herbert, and received incremental warrants entitling the Company...
China's primary aluminum output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday. China December aluminum production surges to record monthly high thumbnail courtesy...
Tesla Inc has signed a preliminary agreement with China's Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan's Panasonic , two sources with direct knowledge of the matter said. Exclusive: Tesla in talks with China's Lishen over Shanghai...