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Philippine central bank governor Amando Tetangco says policy rate changes not the best response to US taper

According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.


Swiss firm Sulzer inks deal to purchase majority of Saudi Pump Factory

Winterthur, Switzerland-based industrial engineering and manufacturing firm Sulzer Ltd inked a deal to purchase a 75% interest in Saudi Pump Factory together with the latter's owner Nabil Al Hashim, in a deal valued at CHF33 million.

Merck strikes €20m deal with Ablynx for new generation cancer drugs

Ablynx, a Belgian biotechnology firm, has agreed to a €20 million deal with Merck to develop immunotherapies that can bolster the human body's potential to combat cancer cells, the Financial Times reported.

Xanadu to acquire copper-gold project in Mongolia for $14M

Exploration company Xanadu Mines, together with its joint venture firm Mongol Metals, have agreed to purchase a 90% stake in the Kharmagtai copper-gold project in Mongolia from Turquoise Hill Resources in a $14-million deal.


Latest News

Social media giant finally rolled out its Graph Search feature to mobile devices one year after it was introduced, to give users an easier way to mine data and achieve cleaner results from a random set of words used in the search.
Joaquin Almunia, the Competition Commissioner of the EU, still has to make a decision on allegations that Google abused its market dominance and the price discrimination claims made of Russia's Gazprom before his term ends, Reuters reported.
Fresno, California-based agricultural startup OnFarm's growers integrated data platform gained global recognition when it competed in the IBM Global Entrepreneur of the Year Award in 2013 and was included in the top six finalists.
Based on data gathered by the Seoul Metropolitan Government, foreign direct investment (FDI) poured into Seoul, South Korea, reached $6 billion in 2013, an all-time high since the global financial crisis hit in 2008.
ValueAct Holdings President Mason Morfit plans to influence Microsoft on how it sells Windows, the operating system that is behind most of the software giant's products, Bloomberg reported.
Indian venture capital firm IDG Ventures and Canadian investor Ascent Capital picked up a minority stake in New Delhi-based software solutions provider Newgen Software Technologies for INR110 crore.
New York, US-based independent software corporation CA Tech invested an undisclosed amount with venture capital group IDG Ventures India in India-based enterprise software startups from October to December 2013.
India-based technology firm HCL has entered into the healthcare segment with an equity position in Bharat Family Clinic, causing a buzz in the sector, the Business Standard reported.
What has happened to the Facebook founders a decade after establishing Facebook? An AFP report shows what Mark Zuckerberg, Chris Hughes, Eduardo Saverin, Dustin Moskovitz and Sean Parker are up to.
Facebook is looking to steal the "second screen" crown from Twitter as the two social giant networks scramble to offer the best coverage of the National Football League (NFL) teams' clashes in the Super Bowl XLVIII.