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Editor's take: The week that was — July 5-10


Editor’s take: The week that was July 5-10
AirAsia Group acquired Indonesian ride-hailing and payments firm 
Gojek’s Thailand business in a stock swap deal, which would result in the latter owning a 4.76% stake in AirAsia’s lifestyle platform.
In an interview with DealStreetAsia, the budget airline’s CEO 
Tony Fernandes explained the genesis of the transaction and the inorganic growth route that the firm is planning to adopt to expand its operations amidst the COVID-19 pandemic.
Meanwhile, Salim Dhanani, CEO and co-founder of AirAsia’s fintech unit 
BigPay said the group’s goal in Thailand is to launch all core features, from payments to international remittance. ....

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Unlatch : La startup devenue leader dans la digitalisation immobilière

Unlatch : La startup devenue leader dans la digitalisation immobilière
blastingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blastingnews.com Daily Mail and Mail on Sunday newspapers.

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Distress Funds Raise Money Without Much Distress In Market


Churchill Real Estate’s Justin Ehrlich and Oaktree Capital’s Howard Marks
When Howard Marks’ Oaktree Capital set out to raise billions of dollars targeting troubled debt last spring, loan defaults seemed inevitable. Companies were teetering, people were hunkered inside and travel had come to a halt.
“The firewood had been stacked,” Oaktree wrote in its presentation to investors. And the coronavirus was the lighter. Billions of dollars were raised at a record rate eyeing distress opportunities.
Marks, whose memos are closely read by Warren Buffett, saw the flames of distress burn quickly. Within a few months, the Federal Reserve’s massive buying spree, combined with government stimulus, had squelched distress opportunities in real estate and elsewhere. ....

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