VENTURE CAPITAL POST

The technology tie-ups between the US technology giants and Chinese firms have become a center of debate as the close business relations have under current exposure to sensitive defense technology. Security analysts express their concern about possible harm to the national security of the US. In association with US technology firms, Chinese companies are becoming self-reliant in defense technology triggering the alarm bells for the US national security.

GoPro Inc has announced quarterly results below the market forecast as the demand for new cameras has been sluggish in the market. Recently launched wearable cameras haven't been received well by the market.

Fiat Chrysler Automobiles (FCA), the Italian-US automobile company being the parent company of Ferrari, floated to the public 17.18 million shares accounting for nearly 10% of Ferrari at $52 a share at its IPO at the NYSE.

Singapore-based Biosensors International Group announces that the company has received an offer for an acquisition from a Chinese private equity fund, Citic Private Equity Funds Management Co., for an undisclosed amount.

The commodity slump caused by China is adversely affecting some of the biggest raw material markets in the world, and now it shades the sparkle that Canada's Arctic diamond industry once had.

Volkswagen AG, Europe's largest automaker, is maintaining an investment plan to build a new seven-seater sports utility vehicle. It is starting next year at its only manufacturing plant in Tennessee, although beset by issues of cost cuts in the wake of the company's diesel-emission manipulation scandal.

Iron ore futures approached $50 a tonne Monday, the lowest it has been in three months, going down almost 10 percent in just two weeks. Reuters reported that the $50 a tonne price is a sign that losses will continue after Dalian futures slumped lower on Tuesday as Chinese steel producers cut output due to the decline in demand of iron ore.

Morgan Stanley reported a big miss in the third quarter profit as a result of a decline in their trading and private equity business. Although they have shifted their focus on business segment with less risk, global economic slowdown has hit Morgan Stanley and other US banks this quarter.

Dutch electronics and healthcare company Philips announced that its proposed sale of Lumileds to Go Scale Capital had run into unexpected opposition from US government.

Alibaba Group Holding Ltd will report on the opening bell of October 27 its second quarter earnings for the fiscal year 2016. Investors and analysts are closely watching its earnings to determine how China's economic slowdown affected the giant e-commerce performance for that quarter.

The shares of McDonalds' - the world's biggest restaurant chain - jumped more than 8% to hit $110.88 on Thursday. CEO Steve Easterbrook, who took over the helm 8 months ago, stated that the rebound in the quarterly restaurant sales showed that his turnaround plan is starting to take effect.

China, South Korea, and Japan have announced plans to reignite a three-party summit that was halted on 2012 due to lingering animosity towards Japan's part in WWII.

Last Friday, Uber Technologies have revealed plans of raising $1 billion from a new pool of investors which will make it the most powerful, and most valuable, privately-owned, start-up in the whole world.

The Mercedes-Benz cars manufacturer Daimler had released its third quarter report for record sales and revenues. The car cited strong progress in Western Europe which is its biggest market, but its feat was surpassed by the sales it made in China.

East Asia's communist country, China is deeming to have merger operation with the nation's largest three major carriers. The said merger talks spark after China revealed its state-owned enterprises reformation plans. Rumors also emerged that the two of the largest airline in China is on merger to create a large fleet on the records.