Rs 16 crore in pounds

Key Takeaways U.S. equities jumped, boosted by bank stocks and by comments from Treasury Secretary Janet Yellen that smaller banks that fail could get a government backstop for uninsured deposits. Moody’s raised the rating on Tesla’s ( TSLA ) debt from junk to investment grade, and that sent shares of the electric carmaker up almost 8%. Utility companies were among the biggest decliners in the S&P 500. Falling gold prices drove down shares of Newmont Corporation ( NEM ) and rival gold miners. U.S. equities jumped, boosted by bank stocks on reports of another industry effort to assist struggling First Republic Bank ( FRC ), and by comments from Treasury Secretary Janet Yellen that if needed, smaller banks that fail could get a government backstop for uninsured deposits. All that came a day before the Federal Reserve is set to announce whether it will continue raising interest rates to fight inflation, or hold off because of the turmoil in the banking sector. … [Read more...] about Bank Optimism and Yellen’s Comments Lift Markets

Companies founded by women received less than 2% of venture capital funding in 2022— a decline from the year before. However, when women-led startups are funded, research has shown that they generate more in cumulative returns, compared to those led by men. A new VC fund aims to take this lesson to women’s sports. On Monday, venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.” Nortman is a former partner at the Los Angeles-based venture capital firm Upfront Ventures. Robinson was a partner at Causeway, a fund focused on sports, media, and entertainment. The Monarch Collective, founded in January, will focus on investing in women’s teams and leagues, along with adjacent industries, such as media and gaming. The duo say they are initially considering investments in women’s soccer teams in the U.S., and in women’s teams and leagues in sports such … [Read more...] about The Monarch Collective unveils $100 million fund to bring equity to women’s sports

Metro Pacific Investments Corp chair and president Manuel V. Pangilinan and Solar Philippines founder and CEO Leandro Leviste shake hands after signing the share purchase agreement. MANILA  -Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. is buying into businessman Leandro Leviste’s SP New Energy Corp., announcing on Tuesday  the infusion of a P2-billion investment in the company plus an option that could make it the solar energy startup’s single largest shareholder. In a stock exchange filing on Tuesday, Metro Pacific said it signed definitive agreements to acquire 1.6 billion common shares or a 16 -percent stake in SP New Energy, which is aggressively raising money to bankroll an ambitious pipeline of solar power projects. Solar Philippines aims to build world’s largest solar farm Pangilinan will also replace Leviste, son of Sen. Loren Legarda, as chair of SP New Energy. Leviste will remain president and CEO of the company. “Our thrust of pursuing … [Read more...] about Metro Pacific invests P2B in Leandro Leviste’s solar power firm

US Actress Jennifer Aniston poses as she arrives for the Premiere of the movie Murder Mystery 2 released by Netflix, in Paris, on March 16, 2023. (Photo by STEPHANE DE SAKUTIN / AFP) PARIS, France — Jennifer Aniston said she wishes we could laugh more at ourselves, rather than having to police every word in comedies. “Comedy has evolved, movies have evolved,” the “Friends” star, 54, told AFP in Paris, where her new film “Murder Mystery 2” with Adam Sandler, is set. “Now it’s a little tricky because you have to be very careful, which makes it really hard for comedians, because the beauty of comedy is that we make fun of ourselves, make fun of life,” she said. In the past, “you could joke about a bigot and have a laugh — that was hysterical. And it was about educating people on how ridiculous people were,” she said. “And now we’re not allowed to do that.” Aniston said the culture had changed dramatically since the days of “Friends” in the 1990s. “There’s a whole generation … [Read more...] about Comedy suffering because ‘you have to be careful’ now, says Aniston

“Hamilton.” Image: Instagram/@hamiltonmusical The revolution is coming to the Philippines as the hit musical “Hamilton” is set to make its Asian premiere in the Philippines this coming September. The announcement was made by songwriter Lin-Manuel Miranda on theater producer GMG Productions official Facebook page on Tuesday, March 28. “I am so excited to officially announce that ‘Hamilton’ will be making its Asian premiere in the Philippines. We’ve had so many incredible Filipino company members part of the ‘Hamilton’ pamilya (family) all over the world, and now, we’re bringing the show to your beautiful country very soon. I can’t wait for you to see it,” he said. This marks the first time that “Hamilton” will go on its first international tour, which will kick off in Auckland, New Zealand in May. Ticket details are yet to be disclosed, as of this writing, but the production company and Miranda advised fans to sign up for its waitlist which has opened on its official … [Read more...] about Revolution is upon us: Lin-Manuel Miranda announces ‘Hamilton’ is coming to PH in September

Kisses Delavin and Donny Pangilinan in the TV series “Playhouse”. Image: Screengrab from Instagram/@donny Kisses Delavin broke her silence on the current status of her onscreen partnership with Donny Pangilinan, after the love team’s hiatus from TV and movie projects. Delavin issued a statement to her supporters about the end of her team up with Pangilinan, as seen in her Instagram post today, June 16. “I apologize for the social media blackout. I believe that my supporters have the right to know that the ‘DonKiss’ partnership has long been over,” the actress revealed. “There has been an ongoing plan from my DonKiss supporters to assemble at ABS-CBN today, 16th June 2019 to appeal for this on-screen partnership,” Delavin said. “I was notified of this news, because they, my DonKiss supporters are encouraging my solid supporters to join their appeal.” “I felt how strongly they want to fight for this ship despite the despites, as it is not just because of the ship … [Read more...] about Kisses Delavin confirms end of DonKiss love team, addresses fandom war

FILE PHOTO-British Foreign Secretary James Cleverly attends a joint news conference with Georgian Foreign Minister Ilia Darchiashvili in Tbilisi, Georgia, March 17, 2023. Georgian Foreign Ministry/Handout via REUTERS LONDON — Britain and Poland will build two temporary villages in western and central Ukraine to provide housing for those forced from their homes by Russia’s invasion, London said on Tuesday, pledging 10 million pounds ($12.3 million) in funding. Almost 118,000 Ukrainians have been hosted by British families as part of the government’s response to Russia’s February 2022 invasion, but some are finding it increasingly difficult to get permanent housing. Britain’s government said the villages in Lviv in western Ukraine and Poltava in central Ukraine would be able to house more than 700 people, a fraction of the millions either displaced in Ukraine or who have fled the country. “For the past year, (Russian President Vladimir) Putin has continued to target civilian … [Read more...] about UK, Poland to build new temporary villages in Ukraine

Share to Twitter Share to Linkedin North Carolina’s First Citizens Bank doubled its size with the stroke of a pen in the early hours of Monday morning with its landmark FDIC-assisted acquisition of Silicon Valley Bank , and nobody will reap the rewards more than the family that has orchestrated its growth for the last century. Chairman and CEO Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion thanks to Monday’s 54% stock gain following the deal. The surge erased all of the stock’s year-to-date losses in the regional bank selloff stemming from SVB’s failure and contagion fears. Raleigh-based First Citizens and the Holding family have kept a low profile for decades, but the family-owned bank has been on a mission to expand nationwide via … [Read more...] about SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire

Share to Twitter Share to Linkedin Topline First Citizens Bank said Monday it has agreed to acquire Silicon Valley Bank and assume control of all its deposits and loans, weeks after the lender’s historical collapse and after the Federal Deposit Insurance Corporation failed to find a buyer in an earlier auction. Key Facts As part of the deal, North Carolina-based First Citizens Bank has agreed to purchase $72 billion worth of SVB’s assets at a $16.5 billion discount from the FDIC . First Citizens Bank will take control of $56 billion in deposits, the lender said in a statement . Starting Monday, 17 branches of Silicon Valley Bank will begin operating as “Silicon Valley Bank, a division of First Citizens Bank,” however, there will be no immediate changes to customer accounts. The FDIC said it will continue to retain receivership of around $90 billion worth of SVB’s assets—including securities. The federal agency will also … [Read more...] about Silicon Valley Bank Acquired By First Citizens After Failure

Pattaya Police will recommend the closure of a popular nightclub to the provincial governor after the venue’s repeated license violations on the district’s notorious Walking Street. Flexx Club on Walking Street in tambon Nong Prue, Bang Lamung district, was raided by police in the early hours of this morning for violating legal operating hours. The raid, led by Pattaya Police Chief Investigator Pol. Lt. Col. Pichit Chamhuap, was conducted at 4.30am today after the authorities received complaints that the club was staying open beyond its 2am closing time, reported Bangkok Post. Around 50 Thai and foreign customers were present in the club at the time of the raid, with many of them dancing to music. Police officers blocked all exits, segregated the customers by gender, and checked their identification documents. Related news Policeman proposes to his girlfriend during a traffic jam 3 hours ago Thai man beheads his uncle 3 hours ago … [Read more...] about Police close nightclub after raid on Pattaya Walking Street