6 days agoJohnson impressed by Chelsea youngsters

first_imgJohnson impressed by Chelsea youngstersby Paul Vegas6 days agoSend to a friendShare the loveFormer Chelsea fullback Glen Johnson is impressed by the club’s youngsters.Johnson singled out one of the Blues’ young players for acclaim, and thinks it would not be a surprise to see them playing Champions League football next season.”Tammy Abraham has impressed me the most because the Premier League is a totally different beast to the Championship,” he told Betdaq. “To score the amount of goals he has so far shows he’s handled the change very well.”I hope Chelsea can fight for a top four place.”If they can get anywhere near then it’s an absolutely fantastic season for them. With Manchester City and Tottenham not firing on all cylinders I think they have got a real chance.” About the authorPaul VegasShare the loveHave your saylast_img read more

Qualcomm mulls next steps in Broadcom takeover bid

“We met with representatives of Broadcom for two hours earlier today, and listened carefully to what they had to say,” Qualcomm said in a statement.”The Qualcomm board will promptly meet to discuss the meeting and to determine next steps.”The meeting comes with Broadcom stepping up pressure on its US rival to accept a takeover bid which would be the largest-ever in the technology sector.Qualcomm chairman Paul Jacobs and chief executive Steve Mollenkopf were among the executives of the California-based firm at Wednesday’s meeting, according to the statement.Broadcom announced on Friday that it would pay Qualcomm $8 billion if regulators fail to approve the planned tie-up.The “termination fee” offer came a day after Qualcomm rejected a record $121 billion hostile bid as too low, while citing a risk that the proposed tie-up could be blocked by regulatory authorities.Broadcom—which has announced plans to move back to the United States—offered $60 per share in cash plus $22 in Broadcom stock, in a deal worth $121 billion, along with the assumption of $25 billion in Qualcomm debt.If completed, the deal would be the largest-ever in the tech sector and create a powerful player in the booming sector fueled by growth in smartphones and an array of connected devices from cars to wearables.The rich offer puts pressure on Qualcomm’s board ahead of the California-based company’s March 6 annual meeting, where it must show it is acting in the best interests of shareholders.Broadcom this week modified its proposal for a slate of Qualcomm board members, calling for six new members—who would presumably look favorably on the hostile bid—instead of an entire new board of 11 members.Any merger deal would need to pass muster with regulators in the United States and other markets. Qualcomm said Wednesday its board would “promptly” consider a hostile $121 billion takeover bid by Singapore-based Broadcom following a meeting of top executives of the two computer chipmaking giants. Citation: Qualcomm mulls ‘next steps’ in Broadcom takeover bid (2018, February 15) retrieved 18 July 2019 from https://phys.org/news/2018-02-qualcomm-mulls-broadcom-takeover.html Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Broadcom offers $8 bn to Qualcomm if deal is blocked Qualcomm chairman Paul Jacobs was among the executives of the California mobile chip giant attending a meeting with Broadcom on the Singapore-based firm’s hostile $121 billion takeover bid © 2018 AFP read more

Invest in TN invest in our shared future OPS invites Islamic foundation

first_imgeconomy (general) Malaysia November 10, 2018 SHARE SHARE EMAIL  “I am happy to inform you that Tamil Nadu Infrastructure Investment Fund (TNIF) has declared its first close with a total fund raising of $350 million,” Deputy Chief Minister O. Paneerselvam said here on Saturday. The Deputy Chief Minister was speaking at the inaugural session of roundtable conference, ‘Innovative and Alternative Finance for Business and Infrastructure Development in India’ organised by World Islamic Economic Forum (WIEF), a Kuala Lumpur-based NGO, in association with United Economic Forum(UEF) Chamber of Commerce.Alternative Investment Fund Paneerselvam said TNIF, the first category Alternative Investment Fund approved by SEBI, was the first such initiative made by any state government in the country which provides equity and structured finance infrastructure projects with a revenue model. Highlighting the culturally strong ties between Tamil Nadu and Malaysia, Paneerselvam said, the state government has already identified, over two hundred Infrastructure projects, requiring investment of approximately $250 billion.“Tamil Nadu has institutional structures, that can receive investments, through Sovereign Wealth Funds, and Sharia compliant funds,” Paneerselvam added. The WIEF foundation, with the objective of strengthening the ties of Muslims and Non-Muslim communities through business engagements and discussions, has previously held it’s annual World Islamic Economic Forum in Malaysia, Kazakhstan, Indonesia, Kuwait, Pakistan, UK and UAE and for the first time conducts WIEF round table in India at Chennai.The Deputy Chief Minister thanked WIEF-UEF association for choosing Tamil Nadu as investment destination with a target of 1 per cent of it’s overall Sovereign Wealth Fund Investments. “This would amount to $33 billion which would help the society and State at large,” Paneerselvam added.Business friendly schemes M C Sampath, Minister for Industries, Tamil Nadu Government, listed out various business friendly schemes available in the State. “Out of 98 Memorandum of Understanding(MOU) signed during Global Investors Meet(GIM) 2015, 67 projects are commissioned and the remaining are under various stages of implementation,” Sampath said.Assuring the complete support of the State Government, the industries minister urged the investors to participate in the GIM 2019 to be held in January next year and explore the investment opportunities available in the State. Speaking at the event, Tun Musa Hitam, Chairman, WIEF Foundation said, Islamic finance is continuously gaining traction globally from a niche market of global banking to growing source of funding. Islamic finance “Companies like Goldman Sachs and General Electric(GE) have been selling Islamic bonds in the past few years,” Musa Hitam said. However, Musa Hitam said, even with a large muslim population, knowledge and understanding on Islamic finance is fairly limited in India and in Tamil Nadu. “This platform gives us the opportunity to reach out to as many people as possible and create awareness on Shariah compliant finance,” said Arif Buhary Rahman, Chairman, UEF Chamber of Commerce. The round table conference had 4 sessions moderated by experts from finance and banking sector across the world, to discuss about various Shariah compliant investment products and opportunities for investment in India subject to existing foreign exchange and tax regulations in India. SHARE Deputy Chief Minister O. Paneerselvam (file photo).center_img Tamil Nadu COMMENT money and investing Published on COMMENTSlast_img read more