Sprott Focus Trust Stock News

- AI platform enforces economic sanctions and investigates all other financial crime risks - Capital will support technology functions globally, headcount to double by end of 2022 - Valuation quadrupled since last funding round in 2020 SINGAPORE , March 10, 2022 /PRNewswire/ -- Silent Eight , a pioneer in the field of AI enhanced economic sanctions enforcement and financial crime prevention, today announces the closing of a $40m Series B funding round. The round was led by TYH Ventures and welcomed HSBC Ventures , the firm''s latest customer to also become an investor. OTB Ventures , Wavemaker Partners , SC Ventures (Standard Chartered Bank''s venture unit), Aglaia , and Koh Boon Hwee , Chairman and General Partner of Altara Ventures , continued their investment from previous funding rounds. Kolya Miller from TYH Ventures is joining the board. Everyday millions of financial crime professionals work diligently to stop illicit funds from entering and moving through the global financial system.

Wall Street''s Biggest ESG Preacher Suffers Massive Loss On Russian Exposure BlackRock founder and CEO Larry Fink has never shied away from an opportunity to burnish his reputation with some ESG virtue-signaling, which is what makes this latest news so much more surprising. As it happens, BlackRock''s "Emerging Frontiers" fund has just booked its biggest loss yet after doubling down on Russian assets last month, according to Bloomberg. That''s right, the emerging markets hedge fund run by the world''s largest asset manager (and greatest virtue signaler) has taken a shellacking after its bet with Russia, booking a loss equivalent to 10% of its total AUM. After closing its Russian positions last month (and saving itself from yet more losses), the EM Frontiers fund is now down 7% for the year. The fund was managing some $960 million as of the end of January, and had invested 9% of its money in Russian assets at the peak, making Russia its largest national exposure. *BLACKROCK HEDGE FUND UPPED ITS RUSSIA BET, SUFFERED RECORD LOSS Wait, the ESG preacher blew up on Russia longs? — zerohedge (@zerohedge) March 9, 2022 One senior BlackRock exec tasked with managing the fund said he decided to increase the firm''s exposure after a team trip to Russia back in January.

Leading global investment bank Goldman Sachs [GS] has partnered with Galaxy Digital to offer its clients exclusive access to an ether [ETH] according to regulatory documents filed with the U.S. Securities and Exchange Commission [SEC] on 8th March. Filings shows that with a investment of at least $250,000, the fund has collected over $50 million from 28 […]

Here Are All The Latest News And Developments From The Ukraine War: March 9 Here is a summary of the relentless firehose of all Ukraine war news to hit in the past few hours, courtesy of Newsquawk. Discussions/Negotitations: Russian Foreign Minister Lavrov will travel to Turkey today to meet with the Ukrainian Foreign Minister, according to Ria citing the Russian Foreign Ministry. Russian Foreign Ministry says aims of its operation do not include the overthrowing of the Ukraine government. Russia says "some progress" has been made in discussions with Ukraine, according to AFP. Russia''s Kremlin says Russia has made no decision on nationalizing foreign assets; interested in continuing talks with Ukraine. On possible compromise with Ukraine: Crimea is Russian region, must be recognised as such and Donetsk/ Luhansk are sovereign republics, must be recognised as such. Ukraine Foreign Minister Kuleba says he has limited expectations from discussions with Russian Foreign Minister Lavrov. Energy/Economic Updates US House is planning to vote on the Russian oil ban today, according to Bloomberg''s Wasson.

Futures Surge After 4 Day Rout On Ukraine War Optimism; Cryptos Soar After two days of sheer market insanity, including Monday''s furious plunge and Tuesday''s rollercoaster session, U.S. equity futures jumped after 4 straight days of losses, following European equities higher, as Ukraine optimism won, at least initially, over fears about high inflation and global stagflation as a result of soaring commodity prices, sparking a furious Delta squeeze (as we will show shortly in a subsequent post). At 730am ET, Nasdaq 100 contracts were up 2.1% while S&P 500 futures gained 1.6%. The underlying benchmark fell for a fourth straight session on Tuesday to close at its lowest since June 2021. Dow futures rose 1.5%. A bond selloff extended as investor focus turned to upcoming central-bank rate decisions, while oil prices reversed a rally driven by President Joe Biden’s ban on fossil-fuel imports from Russia. . The dollar weakened for the first time in five days, as haven demand waned. Bitcoin soared more than 10% over $42,000 spurred by optimism about an impending U.S. overhaul of crypto oversight that Treasury Secretary Janet Yellen called “historic.” Investors are bracing for a global stagflationary shock from a commodity-price rally fueled by Russia’s isolation even as supply disruptions threaten to usher in a period of slower global growth.

The fund will be managed by Jinesh Gopani, who heads equities at the AMC. It will track the Nifty midcap 50 index and hopes to garner Rs 100 crore during the offer period, Axis Mutual Fund chief business officer Raghav Iyenger told PTI.

British bus operator makes U-turn on £1.9bn proposal and agrees deal with fund managed by German firm DWS

Goldman and Galaxy Digital are partnering up again to help the former’s clients gain more access to the crypto industry that the latter offers in spades.

Highlights PM Scott Morrison is expected to declare a floods “national emergency”. It will be the first such emergency announcement since December 2020, when laws were passed. As floods batter eastern Australia, tens of thousands of Sydney residents have been urged to flee their homes. PM Scott Morrison is expected to declare a floods “national emergency” on Wednesday (March 9) after visiting Lismore. The prime minister may also announce extra funds for disaster zones up and down the east coast after his visit. It will be the first such emergency announcement since December 2020, when laws were passed. The emergency declaration will allow the federal government more authority to send in military assets and avoid administrative "red tape" to provide financial assistance to the flood-affected people in New South Wales. Sydney floods intensify, wreak havoc in the state The amount of funding has not yet been determined, but it was approved by the federal government''s expenditure review committee yesterday.

Subsidies to prop up fossil fuel are more pressing for the Morrison government than subsidies for renewables or climate adaptation Get our free news app ; get our morning email briefing The idea that the Coalition can borrow money to build car parks in marginal seats but must “save up” money to build up an emergency relief fund is absurd. It’s not based on any sound principle of economics, finance or even politics. It’s purely driven by the prime minister’s need for a regular flow of “announceables”. While the PM is in Lismore on Wednesday to declare a national emergency, and announce flood funding, Australians – and in particular disaster-stricken communities – are growing tired of his “announce early, announce often” modus operandi. Continue reading…

The United States is banning all imports of oil and gas from Russia, US President Joe Biden has announced, in a move that aims to pressure Russian President Vladimir Putin to end the war in Ukraine. Speaking at the White House on Tuesday, March 8, 2022, Biden said the move targets “the main artery of Russia’s economy”. “We’re banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be acceptable at US ports and the American people will deal another powerful blow to Putin’s war machine,” he told reporters. Rights advocates and Ukrainian leaders have called on the US and its European allies to sanction Russia’s oil-and-gas sector in response to the country’s February 24 invasion of Ukraine, which has devastated major cities and forced two million people to flee the country. Western countries, especially European nations that rely on Russian oil and gas for a large share of their energy needs, have hesitated amid fears a ban would cut them off from much-needed supplies and send prices skyrocketing.

Fiduciary Wall Of Shame: These "Woke" Managers Caved To ESG Pressure And Missed Oil''s Epic Run Higher With oil now raging through $120 a barrel with little or no signs of stopping, we thought it would be a good time to look back over the "woke" virtue signaling ESG idiocy investment decisions that some actively managed funds made over the course of the last year. Of course, leading off, you had managers like Cathie Wood, who claimed in 2020 that oil would be going to $12 per barrel, due to global demand peaking and the "world shifting to electric vehicles". Wood amended this prediction brilliantly in 2021, when she said that she then saw a "$70 ceiling" on oil, continuing to push her narrative that EVs would "keep crude from breaking out". That, obviously, has not been the case. Recall, we wrote about the "geniuses" at Harvard''s endowment, who said in September 2021 (when oil was about 40% lower), that they would stop investing in fossil fuels. The fund made the change after what Bloomberg called "years of sustained activism from students calling for fossil-fuel divestment".

The lender raised the fund at 11.8 per cent rate, payable semi-annually. It allotted the non-convertible debentures worth Rs 75 crore in favour of these investors on Monday.

Shell Plc announced today its intention to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas in a phased manner, aligned with new government guidance. The energy giant said in a statement that as an immediate first step, it would stop all spot purchases of Russian crude oil. It said it would also shut its service stations, aviation fuels and lubricants operations in Russia. “We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel – despite being made with security of supplies at the forefront of our thinking – was not the right one and we are sorry,” said Shell Chief Executive Officer, Ben van Beurden. Read also: FG urged to tackle menace of oil theft in Niger Delta He added, “As we have already said, we will commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund. “We will work with aid partners and humanitarian agencies over the coming days and weeks to determine where the monies from this fund are best placed to alleviate the terrible consequences that this war is having on the people of Ukraine.

LONDON - Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. The company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas and liquefied natural gas, "in a phased manner." The decision comes just days after Ukraine''s foreign minister criticized Shell for continuing to buy Russian oil, lashing out at the company for continuing to do business with President Vladimir Putin''s government. "We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel - despite being made with security of supplies at the forefront of our thinking - was not the right one and we are sorry," CEO Ben van Beurden said. "As we have already said, we will commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund.