“Wildlife has shown it has a unique capacity to develop, launch and sustain different titles in diverse genres in a sustainable way, resulting in a growing and lucrative trajectory,” said Rafael Costa, a partner at Vulcan. The fund has also invested in Epic Games and Spotify. … [Read more...] about Brazilian gaming company reaches $3 billion valuation with new investment
Sustainable investment funds
domestic equity market showed exuberance during the week gone by, but it was visible more in the smallcap and midcap indices, which outperformed Nifty50 by around 2-2.5 percent. Commensurate with this, it seems natural that corporates will knock the door of secondary markets to raise money. There has already been a huge amount of capital raising through QIPs and this is just the start.PSU banks, too, have entered the league and are planning to raise capital from the secondary market, which is a rare phenomenon. Empirical evidence suggests so much optimism combined with a capital raising spree can be danger zone for the bulls. In addition to this, stocks that are under F&O ban, too, have started rising, which calls for caution going ahead.Hence, investors should remain cautious and should ideally not participate, as these euphoric times are triggered merely by liquidity.Mutual fund inflows has also become little topsy-turvy. Historically, during market panics, mutual funds used to … [Read more...] about FIIs come in a big way as retail exits: Who will win this round?
The vaccine was developed jointly by the Gamaleya research institute and the Russian Direct Investment Fund. It has two separately injected components that together are expected to build sustainable immunity against the virus. The vaccine has so far been tested on 76 volunteers separately at two institutions — the Moscow-based Sechenov University and the Defence Ministry's Burdenko Main Military Clinical Hospital. … [Read more...] about Russia Begins Production of Vaccine Against COVID-19, Developed by Gamaleya Research Centre
Yi Gang, governor of the People's Bank of China, the central bank, said in an interview published earlier on Monday that the prudent monetary policy should be more flexible, with precise targets, to ensure a faster growth of M2 and the total social financing compared with last year. Monetary policy has multiple targets, including growth and employment stabilization, economic structure adjustment, risk prevention and inflation control, he said. … [Read more...] about As liquidity concerns abate, financial stability in focus
Fidelity, one of the world’s biggest investment groups, is rather less confident than UBS. Investment director Tom Stevenson said: “No one knows exactly what the recovery from coronavirus will look like – particularly with the potential for a second wave of infections and further local lockdowns - but it is likely that it will be a slow crawl towards pre-Covid levels with further government stimulus needed to restore sustained growth … Much depends on whether rising unemployment creates a negative feedback loop into lower appetite to spend and invest.” Fidelity reckons that holding gold – a standard safe haven in troubled times – may still make sense. … [Read more...] about Tale of two Cities: FTSE 100 rises despite economic collapse