InstarAGF Asset Management announced the initial closure of its C$372 million fundraising for InstarAGF Essential Infrastructure Fund. The fund aims to purchase power, social and civil infrastructure assets and amenities with ecological downside protection.
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Uber Launched Improved Food Delivery Service App UberEats in Los Angeles
Los Angeles is the first city in the U.S. to enjoy Uber’s new service, UberEats. Uber launched the new feature as a standalone app whereas a special, food-handling-certified driver will handle food orders and delivery from hundreds of restaurants across the city.
Poundland's chief Jim McCarthy to retire
Poundland Group announced the retirement of Jim McCarthy as the chief executive officer of the company. Jim McCarthy will be succeeded by Kevin O' Byrne as the next chief executive officer of Poundland.
US High Tech Energy Agency Planned to Take On Tesla
Advanced Research Projects Agency-Energy (ARPA-E) plan to outperformTesla. The agency under Department of Energy has been on research for years.
Bitcoin Investment Startup Keza Announced Its iOS App Launch
Bitcoin investment startup Keza announced its iOS app launch, bringing the benefits of investing to more people regardless of their location. The service make use of the universality of Bitcoin to allow people make investments in global portfolios with various options.
Latest News
Activist investor Carl Icahn on Monday reported a loss of $1.7 billion investment in 2015. This was a 18% down from previous year.
S&P 500 index began this week by slide below closely watched threshold. However, on Wednesday as Asian stock continued raising for third consecutive day, indexes began to recover.
Drone racers around the world will face and compete with each other in Dubai to vie for the prize stake of $1 million that will be distributed in the different categories. The team that wins the race will get $250,000. Dubai's sky will be invaded by qualifiers on March 7 and 8, where the main event happens on March 11 and 12.
Google’s Digital News Initiative (DNI) program has just granted more than $30 million to selected projects in 23 European countries. It’s the first batch of the long-term $170 million project to help stimulate innovation in digital journalism.
Ma is going to expand his control in media arena through acquiring stake in Caixin Media. However, the media company has confirmed that the potential investors primarily agreed not to interfere in Caixin’s editorial interest. Details of the possible deal hasn’t been available from either party.
SunEdison has announced on Wednesday suspending quarterly dividend followed by earlier decision for making delay in disclosing quarterly earnings report. Following these revelations, the banks deciding earlier to extend loan facility, have pulled out from the loan commitments. Delay in disclosing earnings violate prior loan agreement which has been cited as the reason for pulling back.
Fidelity Investment wrote down many of tech startups in its January valuation report. Canadian startup darling Hootsuite Media Inc. was among the list.
Honda has invested an extra cash of GBP 200 million in the Swindon facility. This move highlights the company's long-term desire to commence a manufacturing plant in the UK.
Tech salaries are soaring higher, as last year it more than doubles the average pay in other sectors. It proves that the tech industry remains a major driving force in the U.S. economy with high income and massive job gains across the country.
