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The Sensex index of Indian stock market hit 60000 for the first time.
India's main stock index has soared to unprecedented levels as investors bet that corporate earnings in Asia's third-largest economy will improve amid rapid vaccination and an easing of the epidemic. The S & P BSE Sensex broke through the 60000 mark for the first time on Friday, while the NSE Nifty 50 index approached the 18000 mark. The Sensex index has more than doubled from its March 2020 low, making it one of the best-performing stock indices in major markets. As the central bank's record-low interest rates reduce returns on traditional savings channels such as bank deposits, millions of new investors
Buffett invests in Japan's top five trading companies and earns 2 billion US dollars a year but fails to attract international investors to follow suit
Warren Buffett shocked the Tokyo market by betting 6 billion US dollars on Japan's top five trading companies in August last year. A year has passed, and his investment has paid off handsomely. Thanks to soaring commodity prices, the value of Berkshire's shares in these five companies increased by about $2 billion. The return rate is over 30%, outperforming the 21% increase in the Eastern Stock Index over the same period, and dividend earnings have not yet been included. Although Buffett's investment in these resource-intensive companies has been successful, it has not attracted a large number of international investors to follow suit. In contrast, due to the pandemic and political uncertainty, many investors are still on the sidelines. “When Buffett bought
Blackstone Group's earnings doubled in the second quarter due to a surge in asset sales
Blackstone Group said on Thursday that its second-quarter distributable earnings nearly doubled compared to the same period last year, driven by a surge in sales of its real estate, private equity and credit business assets. Other listed private equity firms also experienced record increases in stock prices, as they used market valuation bubbles to cash out assets and reap huge profits. According to media reports, private equity firms such as TPG and L Catterton, which were previously cautious about going public, are now also considering following suit. Blackstone's distributable earnings (that is, cash used to pay dividends to shareholders) increased from $548 million in the same period last year to $1.1 billion. Ref
Xiaopeng's latest equity exposure: he Xiaopeng holds 21.75%, Taobao 11.9%
Product play June 23, according to the Hong Kong Stock Exchange documents, Xiaopeng Motor listed through the Hong Kong Stock Exchange hearing, JPMorgan Chase and Bank of America as the company's co-sponsors. According to the prospectus, Xiaopeng Motor has different shareholding structures, including Class A, Class B and Class C shares, of which A shares are one vote, Class B is 10 votes, and Class C shares owned by Taobao China will be converted into Class A shares. Before the listing, he Xiaopeng held 21.75% as the largest shareholder, Taobao 11.9% Die IDG Capital 4.8%, Wuyuan Capital 3.2% and GGV Capital 2.8%. According to the prospectus, Xiaopeng Motor in 2018
The number of jobless claims in the US recorded 406,000 people at the beginning of the week, falling for five consecutive weeks
The number of jobless claims in the US recorded 406,000 at the beginning of the week of May 22, falling for five consecutive weeks, continuing to hit the lowest value since the week of March 14, 2020. Greg, an analyst at the financial website Forexlive: It is expected that by the time COVID-19 unemployment assistance expires in September, the number of initial jobless claims will drop drastically because people who currently choose to receive government aid instead of going to work will return to work.
Database software company Couchbase secretly submits IPO application
According to people familiar with the matter, the US database software company Couchbase has secretly submitted an IPO application. It may go public in the first half of this year, and its valuation may reach up to 3 billion US dollars. According to a source, the company's annual revenue has exceeded 100 million dollars. The source requested anonymity because the company's IPO documents filed with the US Securities and Exchange Commission (SEC) are confidential and have not been made public. Couchbase was founded in 2011 and has raised $294 million from investors so far. According to PitchBook, the company last raised 105 million dollars
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