Author: Admin

Stake, the MENA region’s leading digital real estate investment platform, has entered into a strategic partnership with ACE & Company, a Swiss-headquartered global investment group managing over $2.0billion in assets. Together, the firms are developing liquidity solutions and a secondary transfer facility for investors utilizing Stake’s products. Initially, the agreement will focus exclusively on Stake’s real estate portfolio within the UAE. These assets are currently held through Prescribed Companies, which operate as Special Purpose Vehicles (SPVs) within the Dubai International Financial Centre (DIFC). Building a more liquid marketplace By combining Stake’s innovative access model with ACE & Company’s two decades…

This year is shaping up to be a milestone moment for state income taxes after last year’s massive changes to federal income taxes.

(RTTNews) – Deutsche Boerse (DB1GN.DE, DB1.DE) said the company’s outlook for the full year 2026 remains unchanged. The company noted that its first quarter was marked by high volatility and geopolitical uncertainty. Deutsche Boerse said it has achieved a strong operational performance. Jens Schulte, CFO of Deutsche Börse Group, said: “With the good start to the year, we are fully on track to achieve our ambitious goals for the full year.” For the first quarter, net profit attributable to shareholders was 585 million euros compared to 525 million euros, a year ago, an increase of 11 percent. Earnings per share…

Goldman Sachs raises oil price forecast as war disruption hits productionThe deadlock in the Middle East confict has prompted Goldman Sachs to raise its oil price forecast.Goldman Sachs now estimate that Brent crude will trade at about $90 a barrrel in the last quarter of this year, up from an earlier projection of $80. US crude is forecast to average $83 in October-December, up from $75 before.Goldman blames “lower Persian Gulf production” for the upgrade, telling clients: double quotation markWe now assume a normalisation in Gulf exports by end-June (v mid-May prior) and a slower Gulf production recovery. The economic…

America’s Cultivation Corridor has announced the inaugural cohort of its Cultivate 360 program, a new statewide professional development initiative for Iowa’s food and agriculture sector. The program includes 42 mid-career professionals representing a wide range of companies, universities and organizations, including John Deere, Corteva, Iowa State University and Syngenta. Participants will attend four daylong sessions held across Iowa from May through August. “Collaboration is at the heart of Iowa’s agricultural leadership; bringing together more than 40 professionals to build networks, strengthen leadership skills and enhance understanding of our industry will pay dividends as these leaders apply what they’ve learned in…

Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry.The stock opened at $30.11, after upsizing its initial offering, pricing at $23 per share — ahead of the initial range of $16 to $19 per share. The company raised more than $1 billion, making it the largest nuclear public offering on record. Shares ended the day 27% higher at $29.20.The company’s xe-100 reactor is 80 megawatts, and can be bundled together with additional reactors to scale up to 960 megawatts. The xe-100’s model is a high-temperature…

As geopolitical tensions ripple through global energy markets and a deal to end the U.S.-Iran war remains elusive, oil prices have soared, but there’s an even better trade on energy volatility that investors have flocked to: the cost of moving crude.The Breakwave Tanker Shipping ETF (BWET), a little-known exchange-traded fund tied to crude oil tanker freight rates, has surged more than 600% year-to-date as war and disruption in key maritime corridors drive shipping rates sharply higher. “I started getting a lot of questions about this ETF, like, what is up with it? What kind of performance is this?” Cinthia Murphy,…

Just when it looked like the worst may be behind it, shares of tumbled 17.6% on Thursday. Despite beating earnings and revenue estimates and raising full-year guidance, investors punished the stock amid ongoing concerns that its moat could be eroded by AI. That fear is not unique to ServiceNow — the broader software space pulled back on Thursday, with many names still well below their 52-week highs even as the Nasdaq 100 has returned to record highs. So what’s the deal? ServiceNow sells cloud software that helps enterprises digitize and automate workflows across IT, customer service, HR, security, and other…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxThe Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited (PPBL), effective from the close of business on 24 April 2026.PPBL is prohibited from conducting banking business or any additional business under the Banking Regulation Act, 1949.The RBI will apply to the High Court to wind up the bank. The central bank confirmed PPBL has sufficient liquidity to repay its entire deposit liability upon winding up.Grounds for Paytm licence cancellationThe RBI cited four statutory grounds under the Banking Regulation Act, 1949.The bank’s…

The aerospace and defense trade is taking investors deeper into space and exchange-traded funds want a part of it.VettaFi’s Cinthia Murphy told CNBC’s “ETF Edge” this week that there are now more ETFs tackling the space theme more directly — listing the Procure Space ETF (UFO) and Global X Defense Tech ETF (SHLD) as examples.”They have the cybersecurity element: Satellites, communications, navigation. So, the defense theme is actually a very colorful theme nowadays. It has a lot of interesting names,” the firm’s director of research said. “It really isn’t just about Lockheed Martin and some of the traditional names that…