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To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.
Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, , Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China
In 1999, a Florida lawyer, Anuraag Singhal, represented a man convicted of gunning down a police officer. Singhal had to somehow persuade a jury that his client, Jeffrey Lee Weaver, should face life in prison rather than the electric chair, the punishment the hard-charging prosecutor sought. The article described tears rolling down his cheeks, and his voice breaking with emotion as he pleaded for Weaver’s life. A divided jury recommended life in prison. He would become active in conservative legal circles, joining the local chapter of the Federalist Society.
Persons: Anuraag, gunning, Singhal, Jeffrey Lee Weaver, Jeff Weaver, you’ll, ” Singhal, Donald Trump, Catherine Cortez Masto, Jacky Rosen, Joe Manchin Organizations: The Sun Sentinel, Federalist Society, Democratic Locations: Florida, Nevada, West Virginia
The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. "They're trying to create all these delineations and then there are essentially loopholes everywhere. And we're ending up with really more confusion than the original intention," said Nikita Singhal, co-head of sustainable investment and ESG at Lazard's asset management arm. Max Chen, partner at Chinese private equity firm Primavera Capital, said international investors were "really faced with a competing standard" and "really need to navigate through that process" of increased regulation. Reporting by Isla Binnie Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Nikita Singhal, Max Chen, Isla Binnie, Chris Reese Organizations: Lazard Ltd, New York Stock Exchange, REUTERS, Companies Lazard, Lazard, Reuters, Primavera Capital, Thomson Locations: New York, U.S, Europe
The Alzheimer's drug LEQEMBI is seen in this undated handout image obtained by Reuters on January 20, 2023. Eisai/Handout via REUTERS/File Photo Acquire Licensing RightsBOSTON, Oct 25 (Reuters) - An injected version of Eisai (4523.T) and Biogen's (BIIB.O) Alzheimer's drug Leqembi works as well as the current intravenous version at removing toxic brain plaques, according to an analysis presented by Eisai on Wednesday. The Japanese drugmaker's review compared data for 72 patients with early Alzheimer's given Leqembi by subcutaneous injection to prior pivotal trial results from 898 patients who received the drug by infusion. Blood concentration levels of the drug were 11% higher with subcutaneous Leqembi than the IV version. Roll-out of IV Leqembi, which has an annual list price of $26,500, has been slow.
Persons: Eisai, Leqembi, , Eric Reiman, Priya Singhal, Biogen, Michael Irizarry, Alzheimer's, Julie Steenhuysen, Deena Beasley, Bill Berkrot, Leslie Adler Organizations: Reuters, REUTERS, Rights, Banner Alzheimer's Institute, ARIA, Thomson Locations: Handout, Boston, Los Angeles
How to spur investments in greener power grids: podcast
  + stars: | 2023-10-24 | by ( Lisa Jucca | ) www.reuters.com   time to read: 1 min
TRENTO, Italy, Oct 24 (Reuters Breakingviews) - Electricity networks need to be upgraded and adapted to a carbon-free world. With returns uncertain, attracting cash is not easy, Secure Meters CEO Suket Singhal argues in this Exchange podcast. Listen to the podcastFollow @LJucca on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Suket Singhal, Oliver Taslic Organizations: Reuters, Thomson Locations: TRENTO, Italy
The Israel-Hamas war shows how social media platforms no longer want to deal with the news. AdvertisementAdvertisementNot too long ago, social media was the future of news. To accompany this flow of verified information, Facebook, Twitter and other social media companies built large content moderation teams and partnerships. Reading these, it's easy to see how social media can divide people during difficult times. The social media account posed as a BBC journalist to share this misinformation for engagement.
Persons: , Jack Dorsey, Mark Zuckerberg, Elon Musk's, Adam Mosseri, Karan Singhal, Singhal, there's, Cristiano Ronaldo, Marcus Hutchins, Mosseri, we're, Andy Stone, Zuckerberg, Alex Stamos, TikTok Organizations: Service, Facebook, Twitter, Elon Musk's Twitter, CNBC, BBC, Palestinian, Meta Locations: Israel, Moroccan, Israeli, Syria, Meta, France, Germany, Canada
Such is the trend that the market is set to more than double to $1.7 billion by 2030, showed data from GrandView Research. By contrast, 19% of U.S. men use condoms every time they have sex, showed data from the National Center for Health Statistics. World Bank data showed that, in 2021, per capita gross domestic product crossed $2,000 - a threshold at which, in China in 2006, consumption jumped. Britain's Reckitt Benckiser Group (RKT.L) has launched new products under its Durex brand and expanded its "Birds and the Bees" rural marketing campaign. SOCIAL MEDIAIndia's market leader is domestic manufacturer Mankind Pharma (MNKI.NS) with a 33% share, ahead of Reckitt Benckiser at 14%, TechSci data showed.
Persons: Kazuhiro Kamio, Okamoto, Arvind Singhal, Miah Kiat Goh, Dwight, Mankind, Ashita Aggarwal, Kashish Tandon, Sumit Khanna, Rocky Swift, Dhanya Skariachan, Christopher Cushing Organizations: GrandView Research, Reuters Graphics Reuters, Okamoto Industries, National Center for Health Statistics, Technopak Advisors, Reuters, United Nations, Benckiser, ., Mankind Pharma, Social, Jain Institute of Management & Research, HDFC Securities Institutional, View Research, Thomson Locations: BENGALURU, India, Europe, Japan, China, U.S, S.P, Bengaluru, Ahmedabad, Rocky, Tokyo
At a semiconductor technology conference held at Stanford University in Silicon Valley, Intel said its "Sierra Forest" chip will have 240% better performance per watt than its current generation of data center chip, the first time the company has disclosed such figures. That has pushed chip companies to focus on how to get more computing work done per chip. Ampere Computing, a startup founded by ex-Intel executives, was first to market with a chip focused on handling cloud computing work efficiently. Intel, which has lost market share to AMD and Ampere in data centers, said on Monday its "Sierra Forest" chip is on track to arrive next year. The company is for the first time splitting its data center chips into two categories: A "Granite Rapids" chip that will focus on performance but consume more power, and the more efficient "Sierra Forest" chip.
Persons: Dado Ruvic, Singhal, Stephen Nellis, Bill Berkrot Organizations: REUTERS, Intel, Stanford University, Ampere Computing, Devices, AMD, Ampere, Thomson Locations: Silicon Valley, San Francisco
A federal judge has dismissed a $475 million defamation lawsuit that former President Donald J. Trump filed against CNN, ruling that all of the CNN statements that Mr. Trump cited were opinion and, therefore, Mr. Trump could not sue for defamation. The suit, which the former president filed in October in U.S. District Court in Fort Lauderdale, Fla., alleged a “campaign of dissuasion in the form of libel and slander” that, Mr. Trump asserted, had escalated “as CNN fears the plaintiff will run for president in 2024.” The lawsuit said that the network’s use of the phrase “the big lie” in reference to Mr. Trump’s efforts to overturn the results of the 2020 presidential election was tantamount to comparing him to Adolf Hitler and Nazism. Judge Raag Singhal, who was nominated to the District Court by Mr. Trump in 2019, stated in dismissing the suit late Friday night that CNN’s use of the phrase in connection with Mr. Trump’s election challenges “does not give rise to a plausible inference that Trump advocates the persecution and genocide of Jews or any other group of people.”The judge added: “The Court finds Nazi references in the political discourse (made by whichever ‘side’) to be odious and repugnant. But bad rhetoric is not defamation when it does not include false statements of fact.”
Persons: Donald J, Trump, , Adolf Hitler, Judge Raag Singhal, Organizations: CNN, Court Locations: U.S, Fort Lauderdale, Fla, dissuasion
Former US president and 2024 Republican Presidential hopeful Donald Trump arrives to speak at the Republican Party of Iowa's 2023 Lincoln Dinner at the Iowa Events Center in Des Moines, Iowa, on July 28, 2023. Trump had been seeking punitive damages of $475 million in the federal lawsuit filed last October in South Florida, claiming the references hurt his reputation and political career. Trump is a candidate for the 2024 GOP presidential nomination in what is his third run for the presidency as a major-party candidate. "CNN's use of the phrase 'the Big Lie' in connection with Trump's election challenges does not give rise to a plausible inference that Trump advocates the persecution and genocide of Jews or any other group of people," the judge wrote in his decision. Email messages seeking comment were sent to Trump's attorneys in South Florida and Washington.
Persons: Donald Trump, Adolf Hitler, Trump, Raag Singhal Organizations: Republican Party of, Iowa, CNN, U.S, District Locations: Des Moines , Iowa, South Florida, Washington
July 29 (Reuters) - A federal judge has thrown out Donald Trump's $475 million defamation lawsuit against CNN, in which the former president claimed the network's description of his election fraud as the "big lie" associated him with Adolf Hitler. The lawsuit, which was filed in October 2022, highlighted five instances in which CNN either published stories or aired comments referring to Trump's assertions about the 2020 election as his "big lie." But the mere use of the phrase "big lie" is not enough to give rise to a true connotation, Singhal wrote. Since launching his first presidential campaign in 2015, Trump has often attacked media outlets whose coverage he dislikes, with CNN a favorite target. Trump is the front-runner for the 2024 Republican presidential nomination, despite facing both state and federal indictments.
Persons: Donald Trump's, Adolf Hitler, Judge Raag Singhal, Alejandro Brito, Singhal, Trump, Joseph Ax, Sandra Maler Organizations: CNN, Trump, Nazi, Thomson Locations: Fort Lauderdale , Florida, Lago
Washington CNN —A federal judge in Florida on Friday dismissed a $475 million defamation lawsuit former President Donald Trump brought against CNN that accused the network of defaming him by using the phrase “the big lie” and allegedly comparing him to Adolf Hitler. District Judge Raag Singhal, a 2019 appointee of Trump’s, said that use of the phrase or similar statements are opinion that don’t meet the standard for defamation. “Being “Hitler-like” is not a verifiable statement of fact that would support a defamation claim,” Singhal added. “Like Trump and CNN personalities … the Court finds Nazi references in the political discourse (made by whichever ‘side’) to be odious and repugnant,” Singhal wrote. CNN will be held responsible for their wrongful mistreatment of President Trump and his supporters.”CNN declined to comment on the decision.
Persons: Donald Trump, Adolf Hitler, Raag Singhal, Trump’s, don’t, Trump, ” Singhal, “ Hitler, Joe Biden, , Hitler, ” Trump, Steven Cheung, , President Trump Organizations: Washington CNN, CNN, Trump, The New York Times, Washington Post, , Court, ” CNN Locations: Florida, dissuasion
MUMBAI, May 20 (Reuters) - India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. WHY DID THE GOVERNMENT WITHDRAW 2000-RUPEE NOTES? When 2000-rupee notes were introduced in 2016 they were intended to replenish the Indian economy's currency in circulation quickly after demonetisation. However, the central bank has frequently said that it wants to reduce high value notes in circulation and had stopped printing 2000-rupee notes over the past four years. The value of 2000-rupee notes in circulation is 3.62 trillion Indian rupees ($44.27 billion).
April 21 (Reuters) - Benchling, which develops software tools for scientists and pharmaceutical research organizations, has laid off 74 employees, or 9% of its workforce, its spokesperson confirmed on Friday. The startup joins a growing number of U.S. firms, including Facebook-parent Meta Platforms Inc (META.O), Amazon.com Inc and several startups, to downsize its workforce amid mounting worries of a recession in the United States. The San Francisco-based company, which filed for an initial public offering in late 2021, was last valued at over $6 billion. Benchling offers cloud-based tools and laboratory automation software that allow researchers to collaborate and track projects. Reporting by Granth Vanaik in Bengaluru and Krystal Hu in New York; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Experts share how ESG investors can understand and grow with emerging opportunities. Environmental and Social Governance (ESG) investing is adapting to consumer behavior. However, ESG investing has recently come under review for greenwashing or other hidden tradeoffs. Leaders in the field are working to better define and understand what ESG investing is and the good it can do for companies and beyond. During the session "Navigating ESG Investing Challenges" Rebecca Ungarino, senior finance reporter, spoke with Shah and Nikita Singhal, coHead of sustainable investment and ESG at Lazard Asset Management.
Leaders in banking, fintech, and finserv will discuss the future of finance and the impact of digital transformation. Insider's free virtual event, "Finance Meets its Future," will feature speakers from Amberdata, Lazard Asset Management, and more on March 23, 2023, at noon ET. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. Insider's virtual event, "Finance Meets its Future,'' presented by Amberdata, takes place on Thursday, March 23, 2023, at noon ET. Sessions include:Demystifying digital transformation in financeEmbracing digital assetsThe future of payments will be frictionlessNavigating ESG investing challengesSpeakers include:Shawn Douglass, CEO and cofounder, AmberdataSoups Ranjan, CEO and cofounder, SardineAniket Shah, Global Head of Environmental, Social and Governance (ESG) and Sustainable Finance Strategy, Jefferies GroupNikita Singhal, Cohead of Sustainable Investment and ESG, Lazard Asset Managementand more!
It would also expand the pool of funds available to startups, at a time when fundraising by Indian startups fell by a third last year to $24 billion, Venture Intelligence data showed. Founded in 2006, Nexus was one of the first Indian venture capital firms to invest in U.S. and India-based software startups. The new fund will be its seventh so far and take the firm's assets under management to more than $2 billion. The new fund has received a strong response from endowments, one of the sources said, without sharing names of any specific investors. Nexus was co-founded by Naren Gupta who ran a software company in the United States for 15 years before selling it to Intel.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's e-rupee will benefit its unbanked population, says crypto companyAshish Singhal of CoinSwitch discusses India's digital rupee in the context of the country's unbanked population.
Oct 25 (Reuters) - Biogen Inc (BIIB.O) on Tuesday said the Alzheimer's disease drug it is developing with Japan's Eisai Co Ltd (4523.T) would be used by doctors in a competitive market as investors wait for data from rival therapies made by Eli Lilly and Co (LLY.N) and Roche (ROG.S). The drug, lecanemab was shown to slow the progress of the disease by 27% in a trial last month, and additional data is expected next month. "The data needs to be seen from the other anti-amyloid therapies before we decide what is going to be meaningful," said Biogen interim research chief Priya Singhal. Its costs were about halved as the company significantly cut back on commercial infrastructure around the launch of Aduhelm, its previous Alzheimer's drug that has sputtered amid controversy over efficacy and lack of coverage by health insurers. read moreInvestors have been pinning hopes on the Alzheimer's drug as cheaper generics of Biogen's multiple sclerosis treatment Tecfidera have entered the market, hurting sales.
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