CPPIB, Blackstone, EQT betting more on Korea koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
ASX ends week little changed despite miner gains
Share
Australian shares closed little changed this week despite hitting a record high earlier in the week, as it drifted lower in the last few trading sessions of the month.
The S&P/ASX 200 Index dipped 1.8 points, or 0.02 per cent, to 7392.6 this week, falling 24.8 points, or 0.3 per cent, on Friday.
This week brought the first few results of the earnings season, as the Sydney lockdown was extended by an additional month.
“The escalating lockdown in NSW and now a further snap reaction in other states comes at a time when cost pressures are rising and crisis assistance is more piecemeal in nature,” said Morgan Stanley equity strategist Chris Nicol.
1 Min Read
A Canadian dollar coin, commonly known as the Loonie , is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch (CANADA - Tags: BUSINESS)
(Reuters) - The Canada Pension Plan Investment Board (CPPIB) named Suyi Kim, its top boss in Asia, as the global head of its private equity business, effective Sept. 15.
Kim will lead a team which makes private equity investments globally, both directly and with partners. The investment team had C$125.1 billion ($100.59 billion) in assets under management at the end of March, CPPIB said on Wednesday.
Most recently, Kim served as senior managing director and head of Asia Pacific, responsible for leading CPPIB’s activities in the region and overseeing its portfolio of investments there.
By Staff Writer on Jul 30, 2021 6:49AM
Follows Starlink, OneWeb with Orchestra constellation.
Britain s Inmarsat said it would launch a constellation of low earth orbit (LEO) satellites that it will combine with 5G mobile and its existing GEO satellites to offer more capacity to its global maritime, aviation and land-based customers.
The service, named Orchestra, will require investment of about US$100 million over five years and will eventually include 150-175 LEO satellites, Inmarsat said on Thursday.
Inmarsat already has a network of high-capacity GEO satellites that will number seven by 2024, offering high-speed broadband.
It will augment this with the smaller and cheaper LEO satellites. These are being deployed in high numbers by operators such as Elon Musk s Starlink and UK-backed OneWeb.
CPPIB, Blackstone, EQT betting more on Korea koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.