For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.

New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.

Oil and gas companies in the West, like that of Scotland-based Weir Group, are heading to China to bet on the birth of the country's shale gas industry, the Financial Times reported.

Marissa Mayer, the Chief Executive Officer (CEO) of Internet giant Yahoo has revealed the acquisition of Aviate, a San Francisco-based startup that automatically organizes apps on a phone's home screen.

Although many believe that the US has started to lose its power and influence because of stagnating economy, a Financial Times report believes that compelling evidence abounds that refute this claim.

Gartner, a research group, predicted that over 1 billion smartphones and tablet computers installed with the Android operating system of Google will reach customers in 2014.

Hedge funds have increased their bullish gold bets amid predictions given by analysts that the price of the bullion will continue to go down this year, Bloomberg reported.

Citing sources, Bloomberg reported that Germany-based Deutsche Bank had hired Yusof Annuar Yaacob, Malaysia's Chairman for Corporate Finance of Goldman Sachs Group Inc, to become the lender's country head in Malaysia.

Photo pinning social site Pinterest bought San Francisco-based image recognition startup VisualGraph for an undisclosed amount to automatically detect items pinned on the site and to tailor future ads.

Private equity firm Blackstone Group, which has yet to do an Australian deal, has appointed it senior adviser James Carnegie as the new senior managing director of its Sydney office. Carnegie will be replacing Paul Costello, who resigned last year.