MSCI to delist Hong Kong firms over high shareholding concentration. The companies eliminated will not be eligible for enclosure in MSCI Global Investable Market Indexes until adequate public disclosure on their stockholdings is produced.
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Some Venture Capital Tips for Investors and Startups
With a growing number of venture capital firms providing fund and startup companies looking for funding, there are many opportunities for each other to matchup. Here are some tips for venture capitalism from the experts.
Venture Capital: 18-year-old Polish CEO Received $150,000 to Improve His Messaging App For The Deaf Community
The Five app was first released in 2015 as a playful app to communicate with custom hand signs. Mach, an 18-year-old high school student, didn't realize that the app could be very useful to facilitate communications between people with loss of hearing until they contacted them to thank him. Then he reached out to raise money to improve the app for a better use.
Hoverboard fire resistant carry bag: promises fewer fires
There are chances that your hoverboard might catch fire. But there is a solution that eases your mind with specially designed carry bag called Hovervault that prevents the potential fire flames from spreading.
Blackstone profit falls 70%: hits on challenging volatile markets
Blackstone’s fourth quarter profit drops on volatility. the fourth quarter profit fell to 70 percent. This occured because the asset sales slowed and whipsawing markets took a toll across its business.
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Kraken bitcoin exchange received a multi-million dollar Series B funding led by SBI Investment. As the funding was announced yesterday, the exact amount is still undisclosed.
The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.
The supplier's subsidiary units in China was convicted for selling substandard and expired meats to restaurants including McDonald's and KFC. However, the company argued that the verdict was unjust and inconsistent with the evidence presented in court.
Provider of drivers' digital media, CarGlass Inc received a $3 million seed funding from two investors. The company focuses on providing digital media content to drivers safely and intelligently.
Guinness Nigeria, the country's second-biggest brewer is seeing a prolonged decline in sales and shares. The failing of the beer industry is part of a bigger national economic slowdown, whereas Nigeria, Africa's largest economy, seek out for loan to cover budget deficits.
Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).
Accomplice and two other investors provide seed funding to Lexumo. The company provides a unique platform to continuously check the security of every open source code available in the world.
China's benchmark Purchasing Managers' Index (PMI) fell to lowest in the three-and-a-half years. PMI was at 49.4 for January as against average forecast of 49.6. The PMI was 49.7 in December 2015. The disappointed China factory output data pulled oil prices lower.
