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Tag: investment

Blockchain's potential will continue to spur public and private investment

Blockchain's potential will continue to spur public and private investment

Finance
The many big companies disrupted by blockchain have now made it a priority to harness this technology. As is typically the case when faced with disruption, large companies are seeking to defend their territory by adopting the very tool that threatens them. With blockchain there's a lot at stake. The global market for blockchain-related products and services is about $ 700 million and is projected to exceed $ 60 billion annually in 2024, according to Wintergreen Research. Among the big corporate blockchain players are Accenture, Facebook, Google, IBM and Microsoft. ...
Bullish on natural gas, Shell announces new North Sea investment

Bullish on natural gas, Shell announces new North Sea investment

Business
Oct. 10 (UPI) -- Shell United Kingdom Ltd. announced on Wednesday an investment decision in the North Sea to develop a gas field, just a day after Royal Dutch Shell CEO said the group was bullish regarding expectations of natural gas demand growth. The company announced a "final investment decision for the Arran gas and condensate field" and said that it will become the operator of the project, in partnership with Rockrose Energy and Dyas U.K. Ltd. This is the fourth investment announcement by the company in the North Sea in 2018 "which will result in further production growth for Shell following the decision to redevelop the Penguins field in the northern North Sea, the Alligin field West of Shetland and the Fram field in the Central North Sea." At peak production, the area will produce ...
HDFC Bank aims expand investment banking, taps talents

HDFC Bank aims expand investment banking, taps talents

Finance
HDFC Bank, the country’s largest lender by market value, is hiring top investment banking talent to boost its presence in a business holding major promise and close the gap with bulge-bracket Wall Street names that dominate placements at South Asian B-schools. In the past few months, the bank has hired at least 10 top rainmakers from global banks such as HSBC, Standard Chartered Bank, and Macquarie, and the home-grown ICICI Bank. While its ranking in the debt market has been climbing, HDFC Bank is slotted lower in equity offerings where Citi and BoFA-ML dominate. Among local banks, Axis, ICICI and Kotak have significant presence in the equity markets. The bank ranks second in the Bloomberg Bond League table for India while it is way below in the Equity Offering table at 19. “The expa
Alberta to take investment message to Asia

Alberta to take investment message to Asia

Business
May 2 (UPI) -- A trade mission to Asia that includes meetings with a Chinese oil company gives Alberta the chance to showcase its assets, its trade minister said.Deron Bilous, the minister for economic trade and development in Alberta, leads a delegation to the United States and Asia to drum up business for the oil-rich province."Two years ago, we led the largest trade mission in Alberta's history - and since then, our missions have generated more than $ 1 billion (CAD) of investment leads and sales for our province," Bilous said in a statement. "This mission will build on that momentum."A summit between Canadian oil and gas company Nexen and the China National Offshore Oil Corp., a summit that includes 17 other Alberta companies, is on his schedule. Six years ago, the Canadian government ...