China's urbanization rate is expected to hit 60 percent by 2018, according to a prominent government think tank report, two years ahead of previous official expectations, bringing a potential economic boost to the world's second largest economy.
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China's Shenzhen Hepalink Pharmaceutical to purchase Scientific Protein Laboratories
Shenzhen Hepalink Pharmaceutical, a Chinese drug maker that trades on the Shenzhen Stock Exchange, will be purchasing Wisconsin-based Scientific Protein Laboratories in a deal worth $337.5 million, the Wisconsin State Journal reported.
Cambodian garment workers hold nationwide strike over wage dispute
Workers from over 120 garment factories in Cambodia on Wednesday held a nationwide strike to demand a higher minimum wage. Cambodia's government initially approved an increase in the industry's minimum wage to $95 a month, well short of the workers' demand for $160.
Blockchain.info acquires ZeroBlock app using bitcoin
Online bitcoin wallet Blockchain.info bought ZeroBlock, a bitcoin-related mobile app, for an undisclosed amount in an acquisition deal that was conducted entirely in bitcoin, according to a ZeroBlock founder.
Singaporean shopping app Elephanti nabs $4.5M in seed funding
Singapore-based startup Elephanti has closed $4.5 million in a seed funding round led by LMJ Holdings to develop its app that helps brick and mortar stores connect with shoppers online.
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Yasushi Ando, a Liberal Democratic Party adviser on pensions, said that Japan's Government Pension Investment Fund should invest $95 billion in private equity and venture capital over a decade. GPIF is the world's largest pension fund with ¥124 trillion under management.
A holiday shopping season slump failed to materialize in the UK as shoppers flocked to stores on Boxing Day, giving British retailers a boost, The Telegraph reported.
Juergen Weber, the chairman of Hapag-Lloyd AG, said that Hamburg-Sued should participate in merger talks between his company and smaller Chilean shipper Compania Sud Americana de Vapores SA.
San Francisco, US-based secretive startup Pushd raised $1.04 million in a recent funding round from unidentified investors, according to a document filed with the US Securities and Exchange Commission.
While shoppers in the UK and the US spent more for the holidays this year, the profit margin for retailers remains in doubt due to steep discounts, the Financial Times reported.
Connecticut, US-based pharmaceutical firm Mederi Therapeutics raised $18.5 million in a Series B funding round for the sales and marketing of its treatment for Gastrointestinal Reflux Disease (GERD) and fecal incontinence.
The problems of Britian-based insurer RSA is a reminder that politicians, regulators and the general public should also put the spotlight on insurance companies and not just banks.
Local buyout funds like MBK Partners and Vogo Fund are now leading the domestic buyout market in South Korea just nearly a decade after its first private equity fund was established in the country, the Financial Times reported.
Lawrence Rakers will be replaced by Ramona Persaud as the manager of Fidelity Dividend Growth Fund and Fidelity Advisor Dividend Growth Fund starting January 1, Bloomberg reported.
