Financial Markets
Top stories summarized by our editors
7/19/2019

The first liquid natural gas freight derivatives trade has taken place with Affinity Financial Products arranging the LNG freight swap between Total Gas & Power and Glencore, settled against Baltic Exchange spot price assessments. Affinity LNG derivatives head Benjamin Gibson says the firm has "lots of interest in the Baltic's forthcoming Atlantic routes and a weighted average of routes to give a global LNG freight benchmark."

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Baltic Exchange, Glencore
7/19/2019

German-based FlixMobility, a startup that sells cheap tickets for trains and buses across Euorope and launched a long-distance bus service in the US, raised $561 million in its most recent funding round. The company plans to begin offering bus service in Latin America and Asia next year and intends to become the dominant bus operator in the US.

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Reuters
7/19/2019

Through a combination of stock sales and loans secured by his equity in the company, WeWork CEO Adam Neumann has pulled more than $700 million out the company. The startup expects to launch an initial public offering late this year or toward the beginning of 2020, sources said.

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Adam Neumann, WeWork
7/19/2019

The We Company, parent of the shared office space startup WeWork, is laying the groundwork for its initial public offering with an analysts' day on July 31, sources said. This is unusual because the company has not yet hired underwriters for its IPO, according to the sources.

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Reuters
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The We Company
7/19/2019

Pivot, a startup that developed technology that helps users perform exercises at home properly, raised $17 million in its most recent funding round. The new capital will fund the a new system, consisting of equipment and services, that the company expects to bring to the market this fall.

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VentureBeat
7/19/2019

InCountry, startup that runs a "data residency-as-a-service" platform that makes it easy for multinational companies to store their data locally, raised $15 million in its most recent funding round. With the new capital it will launch a new product, InCountry Border, which gives clients the ability to manage, store and encrypt data within the borders of its country of origin.

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VentureBeat
7/19/2019

Fortify, a startup that developed 3-D printing technology tailored to the needs of industrial users, raised $10 million in its most recent funding round. Buyers will start receiving beta machines early in 2020.

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VentureBeat
7/19/2019

Haus, a startup that came up with a co-investment program to finance the purchase of houses, raised $7.1 million in its most recent funding round. $4.1 million of the seed funding was equity, and the remaining $3 million was debt.

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TechCrunch
7/19/2019

Ritesh Agarwal, founder of the Indian hospitality startup Oyo, is paying $2 billion to increase his stake in the company from 10% to about 30%, a source said. The transaction gives the company a $10 billion valuation, the source said.

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Reuters
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Ritesh Agarwal
7/19/2019

The main indexes made sluggish progress in Thursday's trading, and technical analyst Fawad Razaqzada says negative sentiment against equities could be deepened by disappointing second-quarter earnings reports, "especially for technology companies whose valuations are still sky-high." The Federal Reserve might announce a rate cut soon, but Razaqzada contends "unless growth starts to pick up, central banks' actions will only help to delay the inevitable: a sizeable correction."

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CNN