The US Dollar plunged to its worst single day drop outside of the 1998 and 2008 crisis today due to speculation regarding 'no rate hike' policy that the Federal Reserve might be implementing for this year. The plunged however, cause a reversal effect helping oil price to increase and help boosting Asian stocks.
The businessman is considered as one of India’s most active investor. Ever since he retired as the Tata Group chairman, Ratan Tata has backed more than 20 startups until now. He is especially experienced in the tea markets, and Teabox is delighted to have him as an advisor as well as an investor.
Amazon India, an online market, announced a six-fold leap in sales to Rs1, 022 crores for the year ending March 31, 2015, but net loss climbed to Rs1, 723.6 crores during the year.
The survey revealed that one of the top concerns defining most U.S companies' tough times doing business in China is uncertain regulations that they perceived as unwelcoming to foreign companies. The slowing of China's economic growth also remains a concern, along with rising labor costs, censorship, and air pollution. However, China is still most foreign countries' investment priority among other markets.
The authorities expect more easing measures to help reducing home inventory excess. Developers are also encouraged to change marketing rules and reduce home prices as China's property investment growth hit the lowest rate since 2009.
Stock-picking fund managers are testing their investors’ patience with some of the worst investment returns in decades. With bad bets on financial shares, missed opportunities in technology stocks and too much cash on the sidelines, roughly 85 percent of active large-cap stock funds have lagged their benchmark indexes through Nov. 25 this year, according to an analysis by Lipper, a Thomson Reuters research unit. It is likely their worst comparative showing in 30 years, Lipper said.
As Takata Corp comes under scrutiny for air bag defects, bankers are weighing up the potential fallout for the Japanese family behind the 81-year-old company, and the third-generation CEO who controls it.
Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.
GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.
Music education college Detroit Institute of Music Education Inc received a $3 million investment from private equity firm Beringea, a statement about the funding said.
CitiusTech, a healthcare IT firm, was able to get an undisclosed substantial investment amount from growth equity firm General Atlantic, a statement about the funding said.
Egress Software Technologies, a provider of cloud-based email and file encryption services, has received a £2.2 million investment from venture capital firm Albion Ventures, a statement about the funding said.
Electricity and energy-related products provider Star Energy Partners has received an undisclosed investment amount from an unnamed investor to allow it to expand its operations.
Smarterer, a startup based in Boston that provides jobseekers with a way to measure their skills in different subjects through online tests, has landed an additional capital of $1.6 million in a round led by Rethink Education, TechCrunch reported.
Nok Nok Labs secured $16.5 million in its latest funding round from Lenovo, DCM and Onset Ventures as it seeks to move online authentication beyond usernames and passwords, VentureBeat reported.
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