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Search resuls for: "Mirae"


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☆ Mirae Asset in talks to help fund Elon Musk's Twitter deal - source
  + stars: | 2022-10-24 | by ( Hyunjoo Jin | ) www.reuters.com   time to read: +1 min
SAN FRANCISCO, Oct 24 (Reuters) - South Korea's Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44-billion buyout of Twitter Inc (TWTR.N), a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalized in the coming days before the deadline for the closing of the Twitter deal on Oct. 28, the source added. Mirae Asset earlier this year invested in Musk's rocket and satellite company SpaceX, the person said. Register now for FREE unlimited access to Reuters.com RegisterMusk's lawyer and Mirae Asset were not immediately available for comments. Tesla investors have feared the billionaire might sell more Tesla stocks to finance the deal, weighing on its shares.
☆ Why the oil trade may have more juice despite a losing week
  + stars: | 2022-10-15 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +1 min
Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities' Chris Hempstead told CNBC's "ETF Edge" that he sees the Russia-Ukraine war fallout and OPEC+ oil cuts as key bullish catalysts for oil. Hempstead added that demand for oil and gas will increase when China — the world's second-biggest consumer of oil — exits its Covid-19 lockdowns. Jan van Eck, CEO of global investment manager VanEck, shares that bullish outlook. "No one wants nuclear, no one wants solar panels [and] no one wants windmills, but we need it to do this energy transformation," van Eck said.
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