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BGC Partners: Q1 Earnings Snapshot


BGC Partners: Q1 Earnings Snapshot
April 29, 2021
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NEW YORK (AP) BGC Partners Inc. (BGCP) on Thursday reported first-quarter profit of $43.1 million.
The New York-based company said it had earnings of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 18 cents per share.
The brokerage company posted revenue of $567.6 million in the period. Its revenue net of interest expense was $567.6 million, falling short of Street forecasts.
For the current quarter ending in July, BGC Partners said it expects revenue in the range of $485 million to $535 million.
BGC Partners shares have increased 42% since the beginning of the year. The stock has increased 89% in the last 12 months. ....

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European DFIs scale up financing for green energy projects


FMO will commit €20m, OeEB €15m and Swedfund €15m. 
ICCF offers co-financing for its funders for senior loans, mezzanine debt and guarantees with a maximum tenor of 18 years.
The funding capacity of ICCF is provided by AFD, EIB and 11 EDFI members.
By closing the climate finance gap in emerging markets, European Development Finance Institutions (DFI) are determined to boost these countries’ resilience, generate jobs and accelerate their inclusive and sustainable economic growth.
Thanks to this replenishment, European DFIs are strengthening European financial cooperation for climate action. Investing in green energy is essential for human and economic development. With ICCF having now €480m available funding for additional projects, European DFIs are committed to scale up their transformative role to fight climate change in emerging markets,  said Peter Thimme, DEG, Chair of the Board of Directors of ICCF. ....

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Remdesivir in black: 3 arrested


Remdesivir in black: 3 arrested
Remdesivir in black: 3 arrested
Bangalore Mirror Bureau / Updated: Apr 19, 2021, 06:00 IST
CCB conducted a drive across
Bengaluru and arrested three accused who had an illegal stock of
Remdesivir injection and were selling it at Rs 10,500, which is much higher than the MRP.
Eleven injection bottles were seized.
Bangalore Mirror had exposed how Remdesivir was being sold in black. The accused are Rajesh, Shakeeb and
Sohail, who run Gurushree Medicals. The case registered is in Sudguntepalya.
S Shiva Kumar, Managing partner, Harsha Hospital and Medical Store has written to the Bengaluru Police Commissioner seeking a detailed probe.
The case is registered in Madiwala police station limits. Further investigations are on to ascertain where they got the injections from. ....

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