Tesla Has Already Figured Out Trade Strategies To Uber

Up with its never ending pursuit to expand and be in with modern business potentials, and this time it is with Uber.

Citi, Lazada combine force for SE

The two prominent firms reveals a new partnership all over the key markets in Southeast Asia. The union of Citi gives region-wide promotions to its credit cardholders who are Lazada customers as well...

Haptik raises finance from Times Internet

Haptik has raised $11.2 million from Times Internet through a Series B funding round. Haptik will use the fund to develop its business portfolio, boost non-natural workforce abilities as well as impro..

Berkshire to increase holdings in Kinder Morgan

Berkshire Hathaway made a significant investment in the energy firm Kinder Morgan during the final three-month period of 2015. This investment activity highlights Berkshire's increasing bet on the oil..

Latest News

Dubai's Dubai Islamic Bank approves foreign ownership increase to 25 pct
Dubai Islamic Bank said on Wednesday it would increase its foreign ownership limit to 25 percent from 15 percent.
Mexico's Sigma, China's Shuanghui share ownership of Spanish meat processor Campofrio in a deal worth $957M
Sigma Alimentos and Shuanghui International Holdings on Monday agreed to share ownership of Spanish canned ham and hotdog processor Campofrio Food Group SA. The co-ownership deal is worth $957 million
Activist investor Starboard purchases 5.6% stake, to push for strategy change in Darden Restaurants
Activist investor Starboard Value has acquired a 5.6% stake in Darden Restaurants for $374 million. Starboard will become the second activist investor within months to push for a strategy change in th
Finland's Fennovoima inks deal with Russian state corporation Rosatom to construct 1,200MV reactor
Nuclear consortium Fennovoima on Saturday agreed to build a 1,200-megawatt nuclear facility with Russia's state owned corporation Rosatom. Rosatom will take a 34% stake in the group to fill a funding
Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam
Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, whi
Super-incubator Rocket Internet to channel $410M into Middle East e-commerce
Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding (MEIH), which will invest $410 million to develop e-commerce
Carlyle buys a minority stake of 28pct in India's Global Health for INR960 crore
Private equity firm Carlyle Group has acquired a minority stake of 28% in Indian super-specialty hospital chain Global Health for INR960 crore. Carlyle as of September this year had invested $1.1 bill
Daimler to get 5pct stake in Aston Martin for supplying engines and electronic components
German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a ne
Billionaire Cheng's firm to acquire stake in Beijing airport
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
Hungary to buy minority stake in Budapest gas supplier
Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).
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