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Sovereign wealth funds

ECB

Searching for growth in Europe, clarity in China

The euro zone's struggle to avoid another recession will take center stage in the coming week in the absence of major U.S. data, as investors mull whether the ECB's new asset-buying plan is a prelude to even more radical steps.

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Charles Plosser

Plosser, Fed's lone dissenter, warns again on risks of waiting to hike U.S. rates

Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed's July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to reflect an improving economy and pave the way for a sooner-than-expected interest rate hike.

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Greece

Greece sees return to growth in the third quarter

Greece expects its economy to grow in the third quarter, its first quarterly expansion since the start in 2008 of a crippling recession that has wiped out nearly a quarter of GDP, its finance minister said on Saturday.

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Petro Poroshenko

Ukraine ceasefire hopes push stocks, rouble higher

World markets jumped on Wednesday as Ukraine's President Petro Poroshenko said a ceasefire had been reached with Russia, raising hopes that a recent escalation in the conflict could be reversed.

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Nikkei

Nikkei ends at 7-month high in on weak yen, reform hopes

Japan's Nikkei share average ended at a seven-month high on Tuesday in active trade as the yen slipped to a seven-month low against the dollar, sending exporters higher on hopes of a boost to earnings.

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23andme

23andMe lands $1.4 million grant from NIH to detect genetic roots for disease

Home genetics startup 23andMe has secured a $1.4 million two-year grant from the National Institutes of Health (NIH) to build survey tools and expand its gene database.

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Chinese Premier Li Keqiang and Kenyan President Uhuru Kenyatta

China cements deal with Kenya to fund railway construction project est. $3.8 billion

Sunday Kenya made an agreement with China to finance 90% of the 609.3 kilometer railway project in Nairobi with cost estimate of SH 327 billion or $3.8 billion.

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European Union

Djibouti receives $11 million grant from the European Union

Djibouti has received $11 million grant from the European Union to help the country in looking for ways to solve the current problem in potable water and its scarcity of supply.

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Keona Health

US-based health tech startup Keona bags $2.5M to fuel growth

Keona Health, a Chapel Hill, US-based health tech startup that created software that helps nurses save time by taking patient histories and classify cases online, bagged $2.5 million in funding to accelerate its growth.

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The Cocoa Trees

Singapore backs travel-focused chocolate retail chain The Cocoa Trees

Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd backed chocolate retail chain The Cocoa Trees with an undisclosed amount of fresh capital as the travel retail sector of Asia enjoys a sudden rise in income.

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Yatra.com

Indian travel portal Yatra.com takes home INR140 crore in fifth financing

Gurgaon, India-based online travel agency Yatra.com took home INR140 crore in its fifth funding round led by IDG Ventures India and Vertex Venture Holding to fund future acquisitions.

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Jasper Wireless

California firm Jasper lands $50M in funding to bring the Internet of Things to Coca-Cola

Mountain View, US-based Internet of Things (IoT) cloud Jasper landed a $50-million investment in a funding round led by Temasek to bring its IoT technology to Coca-Cola's new initiatives.

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North Staffordshire Chamber of Commerce

Staffordshire pockets £4M grant to expand SMBs

The British government awarded £4 million in funding to Staffordshire to help small and medium sized businesses (SMBs) expand and to add more jobs in the region.

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Kaitek Labs

Chilean government grants $350K to Kaitek Labs to develop red tide detector

The government of Chile gave $350,000 in funding to tech startup Kaitek Labs to develop prototype of a device that detects red tide in a bid to reduce the costs of testing for toxins.

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GrabTaxi

GrabTaxi closes Series A round to conquer Southeast Asia

Kuala Lumpur, Malaysia-based taxi app GrabTaxi closed its Series A round with more than $1 million from Singaporean state-owned investment firm Vertex Ventures to conquer Southeast Asia.

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