Sale Archives - Zxcoachoutlet

Indian Trade Finance Startup Raises $3.7M in Token Sale Led by Arrington XRP

October 13, 2020

Blockchain and trade finance have always seemed like natural partners, and a company based in India is taking another stab at cracking the code.

Persistence has built the back-end infrastructure for a trade finance system that will allow small and medium-sized buyers to more easily find financing for commodities purchased from sellers, traveling between the main trade hubs of Asia, places like Singapore, Hong Kong and Dubai, among others.

The startup closed a $3.7 million token round led by Arrington XRP, along with Alameda Research and South Korean stablecoin company Terra, among others. The backers are purchasing the Persistence token, or XPRT, which is set to be released sometime late this year or early next year, once macroeconomic conditions appear to be stabilized, said Persistence CEO Tushar Aggarwal.

Related: Boardroom Raises $2.2M for Blockchain Governance Toolset

Ã¢ÂÂCommodity trading is a notoriously difficult industry to penetrate,Ã¢ÂÂ Aggarwal told CoinDesk in an

Exclusive: Thyssenkrupp Opens Books in Sale of Plant-Building Unit | Investing News

October 10, 2020

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By Christoph Steitz and Tom Käckenhoff

ESSEN, Germany (Reuters) – Thyssenkrupp has begun due diligence with potential bidders for its plant division as the German conglomerate accelerates a radical overhaul to sell or turn around ailing business units in the next two years, a top executive told Reuters.

In his first interview, Volkmar Dinstuhl, who oversees the divestment of non-core assets, said the company has opened the books to buyers of its plant-building units and received expressions of interest for its stainless steel division.

Thyssenkrupp

is also open to considering offers for its automotive and remaining industrial assets, said Dinstuhl, who heads up the group’s Multi-Tracks division, which houses businesses Thyssenkrupp no longer wants to own.

“Our goal is to find a solution for all our businesses within the next two years,” said Dinstuhl, the first time Thyssenkrupp has outlined a timeline for restructuring.

The Essen, Germany-based company, which makes

Borsa Italiana sale, GDP growth, HSBC green vow

October 9, 2020

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Palazzo Mezzanotte, the headquarter of Borsa Italiana. Photo: Nicol� Campo/Sipa USA

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:

London Stock Exchange to sell Borsa Italiana to Euronext for €4.3bn

The London Stock Exchange Group (LSE) has agreed to sell Borsa Italia to French rival Euronext for at least €4.33bn (£3.95bn, $5.09bn).

The stock exchange operator announced the sale on Friday, and said it would also receive “an additional amount reflecting cash generation to completion.”

It had begun exclusive discussions with Euronext over a sale on 18 September.

LSE expects the sale of the Italian stock exchange in Milan will overcome a regulatory obstacle at EU level to its purchase of data firm Refinitiv.

“We continue to make good progress on the highly attractive Refinitiv transaction and we are pleased to have reached this important milestone.

Development hell: Collapse of plan for Beech Brook site in Pepper Pike in face of opposition may not bode well for sale

October 8, 2020

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CLEVELAND, Ohio — One of the most contentious political debates in Northeast Ohio this year is not about the presidential election, control of the Senate or even the Ohio Statehouse corruption scandal.

It’s about zoning in Pepper Pike.

Hundreds of yard signs bearing the phrase “No to Mixed-Use” are scattered throughout the small, well-to-do far-eastern suburb. They line the sidewalk-less residential streets as part of an effort that opposition organizer Manny Naft said aims to keep the city’s “bucolic” nature.

The signs refer to a measure on the Nov. 3 ballot to change the zoning for a 68-acre tract of land owned by behavioral health services nonprofit Beech Brook, along with two smaller adjoining lots. The issue has divided the community.

The division resulted in online bickering, contentious town hall meetings, threats of defamation lawsuits and even unused condoms left at Axiom Development Principal Bryan Stone’s home.

Stone, who lives

‘I Forgot’: Australia Casino Billionaire Packer Explains Share Sale Slip-Up | Investing News

October 7, 2020

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SYDNEY (Reuters) – Australian billionaire James Packer said on Wednesday he “forgot” his casino firm Crown Resorts Ltd

was banned from dealing with associates of Hong Kong’s Stanley Ho when he orchestrated a part-buyout by a firm controlled by Ho’s son.

Packer’s actions as Crown’s largest shareholder are being scrutinised as the New South Wales state government holds an inquiry to decide if the company should be allowed to go ahead with its A$2.2 billion ($1.6 billion) casino tower in Sydney just months before its scheduled opening.

Under questioning, Packer acknowledged the company he founded agreed not to give Hong Kong casino magnate Ho or his associates any beneficial interest in Crown Resorts when it obtained clearance in 2014 to build the 75-floor tower.

However, Packer announced a sale last year of one-fifth of Crown to Melco Resorts & Entertainment Ltd

, a company run by Ho’s son Lawrence. On

Town’s land sale could raise money, but residents worry Black community will lose its history

October 5, 2020

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A township in Cape May County said it has scheduled a property tax sale in October to help recoup losses from state-ordered, coronavirus shutdowns and restrictions.

Ten of the 15 properties up for sale in Middle Township are in the Whitesboro area of the township, a community established in 1901 for Black settlers to own homes, especially to escape the violence and racial oppression in Jim Crow America. The sale has some community members wondering if their historic shore community will retain its identity as an area established primarily for people of color.

“This was an African-American safe haven,” said Shirley Green, a longtime resident and local historian. “For them to be tax selling is pretty-much running us out of our quality of life.”

But Green said she understands both sides of the issue. She owns nearly two dozen properties in Whitesboro, many of which are residential rentals. She said

Irving health tech firm HMS explores sale amid COVID-19 financial strain

October 5, 2020

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Irving-based HMS Holdings Corp. is exploring options including a sale, as the health-care data and technology provider grapples with the impact of the coronavirus, according to people familiar with the matter.

The company is working with advisers to review alternative strategies, the people said, asking not to be identified because the matter isn’t public. No final decision has been made and it could still opt to remain independent, the people said.

HMS Holdings’ shares closed 2% higher on Friday, closing at $24.37, giving the company a market value of about $2.2 billion. The stock is down 28% in the past year compared with the 16% gain in the S&P 500 index.

Representatives for HMS Holdings didn’t respond to requests for comment.

HMS, founded in 1974, provides data and analytics services that help federal agencies, health-care exchanges, hospital groups and other clients reduce costs, according to its annual report.

As of

Noble Energy shareholders approve $4.1 billion sale to Chevron

October 3, 2020

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FILE PHOTO: An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. Marc Israel Sellem/Pool via REUTERS/File Photo

HOUSTON (Reuters) – Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp CVX.N, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.

The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

The addition of Noble will boost Chevron’s U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy. It also adds nearly 1 billion cubic feet of natural gas reserves. Noble’s Leviathan

Noble Energy Shareholders Approve $4.1 Billion Sale to Chevron | Investing News

October 3, 2020

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HOUSTON (Reuters) – Noble Energy

shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp

, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.

The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

The addition of Noble will boost Chevron’s U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy. It also adds nearly 1 billion cubic feet of natural gas reserves. Noble’s Leviathan in Israeli waters, one of the world’s biggest offshore gas discoveries of the last decade, began pumping gas from the field late last year.

While 89% of Noble shareholders voted in favor of the deal, just 60%

Bayer Plans To Cut Over EUR 1.5 Bln Of Annual Costs, Consider Sale Of Businesses

October 1, 2020

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(RTTNews) – Bayer (BAYZF.PK, BAYRY.PK, BYR.L) plans to cut more than 1.5 billion euros of annual costs as of 2024. The company may cut jobs and plans to exit non-strategic businesses or brands, as the coronavirus pandemic impacts its businesses. It expects to take a non-cash impairment charges on agricultural business, due to low commodity prices.

The new cost-savings program comes on top of annual savings of 2.6 billion euros as of 2022, which were announced in November 2018.

According to the company, the new cost-savings measures are currently in the early stages of development. The company will discuss with the relevant internal bodies, including employee representatives, and announce its final decision once it finalized.

The company plans to leave its dividend policy unchanged. But it expects payouts in coming years to be at the lower end of 30 percent – 40 percent of core earnings per share, rather than