Coub announced that it had received support from local venture capitalists, raising US$1 million. Coub has raised a capital of US$1 million from local venture capitalists Phenomen Ventures and Brothers Ventures.
Investors
Management buys out TechnoMarine
The international watchmaking company was bought out by its CEO together with the management in a move to implement revitalization strategy.
Tax charges and a merger make Julius Baer's profit fall
Julius Baer's profit fall 30% due to tax charges and a merger. Julius Baer Group AG said its profits fell due to two pressing concerns. These were a merger for expansion and a UK tax treaty.
“Trend following is dead,” says FX Concepts
“Trend following is dead,” said FX Concepts, expecting another year of dismal returns. "Trend following is dead because trends never really get going," John Taylor, chairman of FX Concepts, grumbled.
Philippine stock market rose due to President Aquino's SONA
PNoy's SONA gave a boost to the Philippine stock market. The fourth State-of-the-Nation Address (SONA) was recently given by Philippine President Benigno Aquino III.
Latest News
Cerberus Capital Management revealed that it had acquired two portfolios of German real estate properties with a combined total land area of more than 350,000 square meters.
Mark Creasy sold a portion of his early-stage mining assets to Windward. Mark Creasy, an Anglo-Australian millionaire worth US$764 million, was selling to Windward Resources his early-stage mining assets.
Tatton Capital revealed that it has bought out Prism Capital Management, enhancing its adviser presence in the UK.
Controlling shareholders of Tiga Pilar Sejahtera Food signed an agreement that allows KKR to acquire 9.5% stake in the company.
It may seem that Microsoft has lost its “touch” as its Surface RT brought the company woes. Microsoft was in a dire straits recently. The company had a pretty rough week.
Ramky Enviro Engineers acquired Enviropacific, the first of targeted acquisitions in Australia. Ramky Enviro Engineers Ltd. acquired Australia's Enviropacific Services Pty Ltd.
Segro announced that it has sold its Neckermann and IQ Winnersh properties in Germany and the UK to various investors.
Asia's richest man, Li Ka-shing made several investments in Europe which are now starting to pay off.
Health IT sector recorded US$623 million in investments made towards the sector in the second quarter of 2013.
