Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
Sectors
Virgin Atlantic set to partner with Gulf region air carrier
Virgin Atlantic's partnership with Delta Air is sought to be replicated in the Gulf region. Virgin Atlantic's Richard Branson is contemplating the option of forging an east-focused alliance with a major carrier from the Gulf region.
Matterport closes Series A-1 round with USD 2.8 million
Matterport Inc closed its Series A-1 round with USD 2.8 million from various investors. California-based developer Matterport Inc announced that it was able to close its Series A-1 round with USD 2.
Softbank Corp plans to sign loan agreement worth JPY 1.98 trillion
Softbank Corp planned to ink a loan agreement with 19 banks tomorrow to refinance its debt when it purchased Sprint Corp in July.
"Shark Tank" host and billionare Mark Cuban invests in startup HourlyNerd
Harvard-born startup HourlyNerd would announce on Thursday that it had received USD750,000 in its seed funding round, the most significant investment coming from ABC's venture capital reality show "Shark Tank" star and billionaire Marc Cuban.
Latest News
Swiss Re hires Christopher Minter to head the reinsurer's acquisitions and principal investments business.
Analysts had said that Southeastern Asset Management's purchase of a 12% voting stake in News Corp was dubious.
France-based Societe Generale was the third major bank seeking to sell its private wealth arm in Asia in the last five years.
Pandora chief executive Brian McAndrews's first and the most difficult task would be to renegotiate royalty fee payments to the music industry in order to lift the struggling company's finances.
Private equity firm 3i made an offer for the stake it does not yet own in Scandlines. Private equity investment firm 3i made a bid to acquire the shares it does not yet own in ferry group Scandlines.
Ashok Vemuri is iGate's new President and CEO, succeeding deposed CEO Phaneesh Murthy. iGate, the outsourcing firm from India, had recently appointed Ashok Vemuri as its President and CEO effective on September 16.
US defense contractor Lockheed Martin said it was looking to make more acquisitions after its purchase of IT firm Amor Group.
Various reports cited sources who said that Former Deutsche Bank AG Chief Executive Officer Josef Ackermann would be stepping down from his post in Siemens AG as deputy chairman of the supervisory board.
As risk is shunned by regular banks, Melody Capital Partners takes on risk to expand its business. After the announcement by UBS AG of its closure of its fixed-income trading business last OCtober, three executives of the bank had opened up shop to trade in areas where bigger banks have since refused to tread.
