Qunar, China’s travel booking service, raised USD167 million in initial private offering on its first day of trade.
Investors
Tech entrepreneurship proves to be the answer for Greece’s economy
Greece’s growing tech scene has aided in the recovery of the country’s economy. According to a Reuters column article, Greece suffered an unemployment rate of 27.
Analysts see no changes to Fed monetary policy- report
A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.
Mobile advertising key to Facebook's continued favor with Wall Street- report
Mobile advertising revenues would play a huge role in Facebook's continued favor with investors, a Reuters report said.
GM says ties with SAIC healthy despite Peugeot Citroen investment
Despite its planned investment in Peugeot Citroen, General Motors Co said its relationship with the Shanghai Automotive Industry Corp or SAIC remained strong.
Latest News
NEWSCYCLE Solutions announced that it had bought the Atex AdBase advertising systems business from the Atex Group.
Twitter initial public offerings increased to USD26 per share by The Wall Street brokerage. On Friday, Morningstar united with three brokerages after setting price aim for Twitter Inc.
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
ING Group announced its exit from its EUR24 billion or USD33 billion mortgage securities portfolio. Dutch financial services firm ING Group announced on Friday that would it be exiting from a series of US mortgage-backed securities.
Royal Bank of Scotland revealed its company strategies on Friday to return over GBP45 billion it received from the British government as bailout money.
New investor Sequoia Capital and other existing investors had backed Berlin-based 6Wunderkinder's USD30 million Series B funding round.
Industry analysts said that AT&T's consideration on acquiring a European asset like Vodafone Group was the next logical step for the US mobile operator.
French food group Danone and Russian firm Damate had yet to agree on the size of the investments to be made for the construction of new dairy farms to direct supply Danone's dairy factories.
