The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.
Sectors
MicuRx scores USD 25 million in Series B round
MicuRx Pharmaceuticals Inc announced the successful closing of its Series B round with USD 25 million.
Geely Automobile to start offering vehicles co-developed with Volvo in 2015
Geely Automobile Holdings announced it would start to offer cars it had developed with Volvo in 2015.
SE Asia stocks, Philippines did poorly, record worst June figures
Bourses saw Southeast Asian stocks dropping significant figures in trading Thursday. Resuming trading after a three-day off, Philippine stocks performed worst in two months.
New World Resources plans to sell OKK coking plant to offset oil losses
New World Resources said it would be selling its OKK coking plant to offset oil price declines, of which had caused losses for the company.
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Edcon Holdings, a clothing retailer owned by Bain Capital Partners, suffered sales losses because of its remodeling operations.
Credit Suisse said Rio Tinto and Anglo American could become BHP Billiton's potential partners for its potash mining project in Canada.
Oman Development Bank said it would consider opening an Islamic window to provide financial services to small and medium-sized companies.
Malaysian Minister Paul Low said that the government would soon utilize phone tapping and employ internet monitoring devices to eradicate corporate and government corruption.
Digital analytics corporation ComScore said Yahoo beat Google for the month of July with 196,564,000 visits.
Johannesburg-based mining firm Gold Fields Ltd said it had signed an acquisition agreement with Barrick Gold to buy the latter's assets in Australia.
The Bank of Sharjah said it had signed a loan refinancing facility worth USD 200 million with five lenders.
Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.
Facebook CEO Mark Zuckerberg would lead a project focused on making web access affordable for the 5 billion individuals worldwide who are not online yet.
