As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.
Deals
Businessman says investors willing to help Banca Marche
Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche. A businessman told Reuters that locals were willing to help Banca Marche.
ZappRX receives USD1 million in seed funding, promises to update prescription process
Pharmaceutical platform startup ZappRX received USD1 million in a recent seed funding. Pharmaceutical software startup ZappRX received USD1 million in its recent seed funding.
XBox boards Tell Aviv Startup Jinni for content catalog recommendations
Jinni has been boarded by XBox as its newest partner to power its video content catalog. Natural language processing-based video content recommendations provider Jinni was boarded as Xbox's newest partner.
Edge Products seeks bankruptcy protection
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Latest News
Matrix, the leading efficient energy management company, was purchased by E.ON Connecting Energies for an undisclosed amount.
Rothesay Life Insurance, the British insurance operations of Goldman Sachs Group, had agreed to sell 30% shareholdings to GIC and Blackstone.
Sources said NTT DoCoMo would finally start offering Apple's iPhones to its Japanese subscribers.
Sources told Reuters that KKR would be favored by Panasonic to acquire a majority stake in its healthcare business.
The Vehicle Production Group is under new management as AM General purchased the DOE denominated debt.
Sources told Reuters that Suntory would be acquiring two drink brands of GlaxoSmithKline in a deal worth more than GBP 1 billion.
Italian investment company Azimut inked a joint venture partnership for Brazil with Legan Administracao de Recursos.
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
