Rizza Sta. Ana

Is Bitcoin the future of consumer money?

Should an average consumer ride on the Bitcoin frenzy? An article published on the The Guardian cautions investors about the unclear nature and use of the Bitcoin, and asks them to wait unless a government-sanctioned financial system for the virtual currency is in place.

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Cable negates UK lawmakers' criticism about Royal Mail IPO being undervalued

UK Business Secretary Vince Cable, with assistance from Business Minister Michael Fallon, presented evidence to the Business Committee of the British Parliament to assure the public that Royal Mail shares in the IPO was not undervalued.

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Bitcoin's USD1000 mark on Mt Gox signals windfall for early investors

A report by the Washington Post noted that Bitcoin's increasing trade value would benefit early investors like Bitcoin lead developer Gavin Andresen and the Winklevoss brothers.

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Damac to cut IPO size due to low investor demand - sources

Sources were cited by Bloomberg who said Damac Real Estate Development Ltd will be repricing its price per global depositary receipt at the lower end of its pricing range, effectively reducing the size of its IPO.

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CVS Caremark to acquire Coram infusion for USD2.1 billion from Apria Healthcare Group

CVS Caremark announced on Wednesday that it will be consolidating the Coram infusion business once the acquisition deal with Apria Healthcare Group will be finalized.

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Indian company Bikaji Foods to auction off a minority stake, Tano Capital most likely to win - sources

Private equity firms who had been in talks with Bikaji Foods International were Norwest Venture Partners, Sequoia Capital, Lighthouse Capital and Tano Capital, three unnamed sources told The Economic Times.

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FromAtoB gains seven-figure Series A funding to expand reach in international and mobile markets

German multimodal journey planner startup FromAtoB received a seven-figure Series A investment from investors French venture capital firm Seventure Partners and Chief Executive Officier of Ecommerce Alliance Daniel Wild.

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UK economy recovers, credits house building and investments

New data released by the the Office for National Statistics in London today indicated a brighter economic outlook in the UK, thanks largely to an increase in business investments and home constructions.

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Orange picks up USD.1.4 from sale of Dominican Unit to Altice

Cable and telecommunications investor Altice's acquisition of Orange Dominicana SA was made in order to expand its already growing empire in the media business in the Dominican Republic.

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Bollore to replace Fourtou as Vivendi Chairman after spin-off of phone unit

Vincent Bollore will be elected as the new Chairman of the Paris, France-based company Vivendi SA after the spin-off of its telecommunications business will be finalized.

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Norway's USD800 billion wealth fund should invest in private equity and infrastructure - central bank governor

As the new administration under Prime Minister Erna Solberg reviews the current investment mandate of its USD800 billion wealth fund, top officials like Norway central bank Governor Oeystein Olsen were pushing for a diversification of investments.

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Russia's USD48 billion bet on Winter Olympics sees Putin sparring with rich elite

Rumors of coercion by the Russian government and President Vladimir Putin on local wealthy industrialists had been shut down by Deputy Prime Minister Dmitry Kozak, who said the moguls enjoyed good deals out of their investor participation for the 2014 Winter Olympics.

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Krishnan to cut costs in Malaysian telcom Binariang GSM via potential USD1.9 bond sale - source

An unnamed source was cited by Bloomberg who said Malaysian billionaire Ananda Krishnan's Binariang GSM Sdn will decide whether to pursue its sale of around MYR6 billion or USD1.9 billion of Islamic bonds before the year ends.

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Hedge fund boom seen in Asia courtesy of big banks and asset managers

The increasing number of new hedge funds by global banks and asset managers in Asia threatened the business of smaller firms who had opened their independent firms just after the 2008 financial crisis.

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China's mission for foreign oil control evident in crude exports monopoly in Ecuador - report

A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.

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