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Business 08 Apr 2021 | 7:00 AM

Billionaire Mike Novogratz is shorting rates

NEW YORK: Billionaire investor Mike Novogratz said he’s bought Facebook Inc stock to benefit from crypto’s ascent and is also shorting the five-year Treasury as a hedge against policymakers pulling back monetary support.

Business 08 Apr 2021 | 7:00 AM

Digital pharmacy vaults into unicorn status

MUMBAI: API Holdings Pvt, one of India’s largest digital pharmacies, announced yesterday that it has raised US$350mil (RM1.4bil) from Prosus Ventures and TPG Growth LLC.