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Finance/Venture

Swiss Foreign Minister Visits China

Zurich's EFG International to purchase BSI for $1.34 bln

The EFG International announced its intention to purchase the BSI Ltd in a deal worth about $1.34 billion. The deal will make EFG a leader in the private banking industry.

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A Visit To The Last Old Steel Mill In Chongqing

Chinese industrial overcapacity posing a major threat to global economy

Industrial overcapacity in China may have adverse impact on the domestic market and global economy. A number of new units came up owing to easily available loans and government subsidies in the world's second largest economy. A latest report calls for more radical measures including greater privatization to streamline the Chinese domestic industry.

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Philippines Finance Secretary Cesar Purisima Interview

Cesar Purisima bags sixth ‘Finance Minister of the Year’ award

Finance Secretary Cesar V. Purisima has done the Philippines proud once again by bagging the 'Finance Minister of the Year' award this year as well. This would be Purisima's second award in a row from FinanceAsia and his sixth in total over his six-year tenure under the Aquino administration.

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Speakers At The Hong Kong Asian Financial Forum 2015

John Tsang To Deliver Hong Kong Annual Budget

Hong Kong Financial Secretary John Tsang to deliver annual fiscal budget. Hong Kong is predicted to announce surplus while still holding on to conventional approach.

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Operations Inside A Dairy Farm As $1   Milk Flexes Market Power

Van Dieman’s Land Co. Sold to Chinese Moon Lake Investment for A$280 Million

Van Diemen's Land Company has been acquired by the Chinese business man Lu Xianfeng and his company Moon Lake. The country's approval of the dairy farm's sale to a foreign firm was made possible with certain conditions that the Moon Lake needs to comply with, especially with the taxation policies.

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Inside Tech Temple Co-working Space

Will Venture Capital Slowdown Hit Asia in 2016?

Asia has been a growing market for startup companies and venture capital deal. However, as U.S. venture capital faces a slowdown and overblown valuation, will Asia also experience the same?

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Brazilian Government Plans For Social Program Cuts Amid Recession

Latin America Economic Growth Has Left Some People Behind

Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

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Profile Of Chairperson Of Piramal Group Ajay Piramal

India's Ajay Piramal sees value in VC investing

Indian businessman Ajay Piramal has entered into venture capital (VC) space by establishing a new VC funding entity 'Montane Ventures.' The new VC fund focuses on early-stage funding requirements. Piramal has infused $50 million into Montane Ventures will mobiles $150 million additionally from external resources.

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AIG or American International Group signage on its building...

American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015

American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%

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Japan Stock Continues To Drop

Bank of Japan's Koji Ishida Warned Negative Interest Rate Do Very Little to Boost Investment

Koji Ishida, Bank of Japan's policy board members said the negative interest rate will do very little to boost investment. Continuing tumult in the market may hurt Japanese economy.

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Citigroup Inc. Chief Executive Officer Michael Corbat Speaks At Economic Club Of Washington Luncheon

Citigroup CEO Michael Corbat Received 27% Increase of Salary in 2015

Citigroup raises salary of its CEO to $16.5 million in 2015. The bank has managed to be more efficient in operation under Corbat's leadership and passing mandatory stress test.

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SWITZERLAND-COMMODITIES-COMPANY-GLENCORE

Glencore Plc signs loans to refinance credit facility

Glencore signed new loan commitments of $8.45 billion revolving credit facility. The company took on the new liabilities when it was already struggling to pay off its existing debt of $30 billion. Despite being pulled to the lowest rank in the investment grade, the Swiss commodities trader received support from its loyal lenders, which came as a surprise for some.

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Internet Addiction

Plus500 Grew Its Revenue Despite a Hard Year in 2015

Plus500 booked an increase in total revenue for 2015 to $275.6 million, despite facing a dificult year. Increase of compliance cost and failed merger with Playtech has disturb the company's operation.

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Michigan, Grand Rapids, Bell Outside Van Andel Museum

Venture Capital Investment in Grand Rapids Hits a Record High

Grand Rapids, Michigan mark the highest record in venture capital investment in 2015. A venture capital firm based in the largest city of West Michigan scored a 20% increase from previous year.

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Images Of Cheung Kong Property Holdings Ltd. Developments As Company's Relists After Spun Off From CK Hutchison Holdings Ltd.

China Plan to Allocate $61.4 Billion For Infrastructure Development In the Q1 of 2016

China is planning to put more budget in infrastructure. The country's planning agency expects to boost spending and increase investment to maintain 7% annual economic growth as last year.

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