China Credit Initiative Plunges Due to Trade War
China’s $418 billion credit available for small businesses’ capital is not generating enough revenue as the country faces economic slowdown due to US-China trade...
Alcentra Raises over $6 Billion for Its Direct Lending Fund
Alcentra, one of Europe's largest asset managers, has raised jumbo-sized fund for direct lending as the interest of investors in lending to the region's...
PH Insurance Commission Orders Caritas to Stop New HMO Goods
The Philippine Insurance Commission recently ordered a cease and desist to Caritas Health Shield Inc. following an alleged fraud. The health maintenance organization (HMO)...
Senate Passes 9/11 Expansion of Victim Compensation Fund
The Senate recently approved the final reading of a bill championed by Jon Stewart. The bill covers additional expansion coverage for victims of the...
Fintech Startup MoneyLion Raises $160 Funding to Accelerate Growth
Financial service provider MoneyLion raised a $160M funding led by Edison Partners and Greenspring Associates.
The company now has a total valuation of $1 billion,...
Microsoft to Funnel Funds Toward AI Research
Microsoft recently revealed that it will be placing a $1 billion investment to OpenAI, a San Francisco-based tech firm. Reuters reported that Microsoft and...
