Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.
Archives
Kamcord gets another USD1 million seed funding
Kamcord received USD1 million new seed funding after it had previously gotten an accumulated fund of USD1.5 million.
NakedWines.com gets USD10 million new funding
NakedWines.com received USD10 million new funds from WIV Wein International AG, as the company had plans for expansion into the US and Australian markets.
China Merchants Bank to raise USD5.68 billion
Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.
Ambani loses USD5.6 billion after Rupee falls
India's richest man Mukesh Ambani lost a total of 24% of his wealth after the valuation of the rupee decreased.
Latest News
TagMan scored USD 5 million in a funding round led by Greycroft Partners and iNovia Capital. TagMan said it has received capital commitments worth USD 5 million from various investors.
Semiconductor maker TranSwitch Corp raised USD 2.5 million from Ilex Partners. TranSwitch Corp said it raised USD 2. 5 million in equity investment from private equity company Ilex Partners.
Medical device maker Infraredx Inc said it received a USD 25 million equity investment from Nipro Corp.
MicuRx Pharmaceuticals Inc announced the successful closing of its Series B round with USD 25 million.
Geely Automobile Holdings announced it would start to offer cars it had developed with Volvo in 2015.
Bourses saw Southeast Asian stocks dropping significant figures in trading Thursday. Resuming trading after a three-day off, Philippine stocks performed worst in two months.
New World Resources said it would be selling its OKK coking plant to offset oil price declines, of which had caused losses for the company.
State-owned PetroChina Company Ltd said it was discussing with relevant parties about developing the West Qurna oilfield in Iraq.
Private equity firm Doughty Hanson sold Spanish bus operator Avanza Group to Grupo ADO. Private equity company Doughty Hanson & Co announced the sale of Avanza Group to Grupo ADO, a Mexican bus operator.
