About franklin templeton mutual fund

Share to Twitter Share to Linkedin Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that's come to a head this month as markets grapple with the Federal Reserve's reversal of pandemic-era stimulus measures. Key Facts Cryptocurrency funds posted net outflows of $423 million last week, eclipsing the prior record of $198 million set as crypto markets tumbled in January and bringing total assets down to $36.2 billion, according to a Monday report by CoinShares. Cash transferred out of bitcoin funds drove the record activity, with net outflows of $453 million—virtually erasing all inflows this year and pushing assets in such funds down to $24.5 billion, the lowest level since the beginning of last year, CoinShares reported. CoinShares' James Butterfill notes … [Read more...] about Crypto Funds Post Record $423 Million Outflows As Bitcoin Plunge Rattles Market

The claims process for General Electric Co.'s ( GE ) GE Fair Fund was opened this week to distribute $200 million to investors. The fund, which was established by the Securities and Exchange Commission (SEC), will distribute civil penalties paid by GE to investors affected by the company’s failure to disclose material information about its power and insurance businesses. RCB Fund Services LLC, the fund's administrator, made the announcement on June 21. Key Takeaways GE has opened its $200 million GE Fair Fund to compensate investors affected by the company’s failure to disclose material information. GE failed several years ago to disclose relevant details about profit growth in its power unit and unfavorable trends in its insurance business. Investors who purchased GE common stock between Oct. 16, 2015, and Jan. 16, 2018, are eligible for compensation if they meet specific requirements. GE’s share price has significantly underperformed the S&P 500 in recent … [Read more...] about General Electric (GE) Compensation Fund to Distribute $200 Million to Investors

Share to Twitter Share to Linkedin Madison Reed, the prestige beauty brand that revolutionized the hair color industry, has raised $33 million in new financing led by Sandbridge Capital, with participation from Marcy Venture Partners. The company plans to further its omnichannel expansion of hair color bars and retail locations and continue its investments in product innovations. The company which was founded by its current CEO, Amy Errett in 2013, has grown its business portfolio from a direct-to-consumer brand to an expansive omnichannel powerhouse including continued direct-to-consumer sales, its own retail salon locations, and partnerships with retailers like Ulta Beauty ULTA . The Hair Color Bar locations have expanded to include over 60 nationwide. Madison Reed has interacted with more than 5 million customers since launching. Access to high-quality Smart 8-Free hair color In an interview with Errett, she discussed how Madison Reed’s goal is … [Read more...] about Madison Reed Secures $33 Million To Fund Its Omnichannel Expansion

by Tafara Mugwara HWANGE, Zimbabwe, June 27 (Xinhua) -- Speaking through a walkie-talkie, Panashe Shayawabaya - a Chinese language interpreter - delivered instructions to a local employee from a Chinese supervisor at a coal mining site. Inside an open cast pit nearby, deafening sounds from excavators and dump trucks reverberated throughout the pit as the machines extracted and hauled chunks of rock from the earth to expose the coal hidden underneath. Shayawabaya is one of a few Chinese-speaking Zimbabweans who are playing a critical role in facilitating Zimbabwe-China mutual understanding through their Chinese language skills. "I spent about eight years in China, and during my course of that time in China, I learned a lot of Chinese culture, Chinese history, in terms of Chinese food, likes and dislikes," Shayawabaya told Xinhua. Zimbabwe is witnessing an influx of Chinese investments. Language barriers and cultural differences between the two sides mean locals who understand … [Read more...] about Feature: Chinese language interpreters facilitate Zimbabwe-China mutual understanding

Share to Twitter Share to Linkedin Liz Longley never intended to crowdfund her sixth studio album , but when the Nashville-based singer-songwriter learned it would cost more than she could afford to buy back the masters from her record label she looked to Kickstarter and her fans for help. On Sept. 24, 2019, Longley launched a Kickstarter campaign with the goal of $45,000 to pay her label Concord back and raise enough money to release Funeral For My Past independently. Much to her surprise she raised $150,000, ranking her as the fourth most funded solo female musician on the crowdfunding platform behind Chely Wright, Nita Strauss and Kate Nash. Nearly a year later, that project is now available. MORE FROM FORBES Songwriting University Offers Virtual Co-Writes With Hit Songwriters By Annie Reuter “Before we launched, I reached out to some of my hardcore fans that have been supportive over the years and asked them if they'd be willing … [Read more...] about Liz Longley Releases Kickstarter Funded Studio Album ‘Funeral For My Past’

- A + A SINGAPORE (June 27): Mirxes Pte, a Singapore-based biotechnology startup, is weighing an initial public offering in the city-state next year that could raise about US$300 million, according to people with knowledge of the matter. The company is in discussions with bankers about a potential offering that could value it at over US$1 billion, said the people, who asked not to be identified as the process is private. Deliberations are ongoing and Mirxes could decide not to proceed with the offering, said the people. Calls and emails to Mirxes seeking comment were not returned. Any listing would help to further stimulate the IPO market in Singapore. First-time share sales in the city-state totaled US$348 million so far this year, up from US$242 million in the same period last year, according to data compiled by Bloomberg . Founded in 2014 as a spinoff from Singapore’s Agency for Science, Technology and Research, also known as A*STAR, Mirxes focuses on early … [Read more...] about Biotech startup Mirxes said to weigh US$300 mil Singapore IPO

Penny Wong (Bloomberg filepix) - A + A PUTRAJAYA (June 27): Australia’s Foreign Minister Senator Penny Wong will undertake a three-day working visit to Malaysia starting Tuesday (June 28). Malaysia’s Foreign Ministry in a statement said the visit will further strengthen the longstanding close relations between Malaysia and Australia as Comprehensive Strategic Partners (CSP). It said during the visit Foreign Minister Datuk Seri Saifuddin Abdullah and Senator Wong are scheduled to meet and exchange views on various bilateral, regional and international issues of common interest. Senator Wong is also expected to meet Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali and Senior Minister of Defence Datuk Seri Hishammuddin Tun Hussein to discuss among others, matters relating to bilateral cooperation in trade and investment, as well as defence. The Australian Foreign Minister will also be visiting Kota Kinabalu, where she will have … [Read more...] about Australia’s foreign minister to visit Malaysia from June 28-30

- A + A (June 27): Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, Russia had found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the day on Sunday, the grace period on about US$100 million of trapped interest payments due May 27 expired, a deadline considered an “Event of Default” if missed. The route to this point has been far from normal, as Russia has the resources to pay its bills — and tried to do so — but was blocked by the sanctions. Those restrictions also mean there’s huge uncertainty about what comes next, and about how investors can go about getting their money. “With Russia benefiting from the high price of its energy exports, it clearly has both the means and the desire to pay its foreign debt,” said Giles Coghlan, chief analyst at HYCM Group. It’s a … [Read more...] about Russia slips into historic default as sanctions muddy next steps

- A + A GDANSK/BENGALURU (June 27): UK's FTSE 100 ended at a more than one-week high on Monday, as an easing of Covid restrictions in China and the prospect of global infrastructure funding brought relief to commodity prices, lifting shares of major oil and mining companies. The commodity-heavy FTSE 100 rose 0.7% and hit its highest closing level since June 16, while the domestically focused mid-cap FTSE 250 index advanced 1.0%. Risk sentiment improved as easing Covid curbs in Shanghai and relaxed testing mandates in several Chinese cities supported base metal prices. "The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week," Hargreaves Lansdown analyst Susannah Streeter said. Oil majors Shell and BP both rose over 1.5%, leading gains on the index. Meanwhile, mining stocks Anglo American, Rio Tinto and Glencore gained between 1.7% and 3% after Group of Seven leaders pledged to raise US$600 … [Read more...] about Commodity stocks drive FTSE 100 to more than one-week high

- A + A COLOMBO (June 27): Sri Lanka will shut schools and only allow fuel supplies to services deemed essential like health, trains and buses for two weeks starting Tuesday, a minister said, in a desperate attempt to deal with a severe shortage. Sri Lanka is suffering its worst economic crisis, with foreign exchange reserves at a record low and the island of 22 million struggling to pay for essential imports of food, medicine and, most critically, fuel. Industries like garments, a big dollar earner in the Indian Ocean nation, are left with fuel for only about a week to 10 days. Current stocks of the country will exhaust in just under a week based on regular demand, Reuters calculations show. Sri Lanka will issue fuel only to trains and buses, medical services and vehicles that transport food starting Tuesday until July 10, Bandula Gunewardena, the spokesman for the government cabinet, told reporters. Schools in urban areas will be shut and everyone is urged to … [Read more...] about Sri Lanka stops fuel supply to non-essential services as crisis worsens