South Korean venture capital firms are eyeing overseas biotech industry to accelerate investment goals. At the sametime, tech startups in Korea also began to flourish.
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Oil prices retreat as Iran refuses to freeze output
Oil prices might have propelled above $40 a barrel level in the past week as Iran was expected to join other producers to freeze its oil output. However, Iran wants to help its ailing economy, regardless of the oversupply.
Under Armour Beat Nike in Top Athletes Endorsement
Sports apparel Under Armour have surpassed Nike in athlete's endorsement. Many top athletes from NBA, NFL, tennis pro, professional golfers and others are now under contract with Under Armour.
Silicon Valley's VC Firm Partner Dismissed Over Disturbing Lawsuit of Sexual Abuse
A lawsuit filed on March 8 claimed that Sequoia Capital’s partner Michael Goguen has sexually, physically, and emotionally abused a woman for 12 years. Mr Goguen has been dismissed from the firm regarding the case and is seeking to file a cross complaint and prove he’s not guilty of the alleged crimes.
Bank of Japan To Stick In Negative Interest Rate Policy, Reversion Likely In April
Through a surprise move, Bank of Japan has adopted negative interest rate aiming to force the banks in investment. Meanwhile, the negative economic outlook has compelled the commercial banks to squeeze their investment portfolios while diminishing the BOJ move. Analysts have forecast for unchanged monetary policy in Tuesday’s meeting while predicting for a major change in April.
Latest News
Air New Zealand has joined hands with Virgin Australia to scrutinise options for internally manufactured aviation biofuel. The move mirrors airlines' effort to reduce aviation impact on global warming.
Australian tech companies are heading to Singapore to support their businesses. Some tech companies are expecting Singapore to be one of the startups landing pads established by the Australian government to help companies access the global business network.
China’s property market keeps on growing even amid the country’s economic slowdown and weak exports. The surge in the real estate sector is contributing positively to the country’s economy as a new economic driver.
Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.
Sino-Philippine relationships have been witnessed to hit the bottom during the regime of existing president. Presidential candidates for the upcoming elections find difficulties in maintaining balance with national sovereignty and trade relations with neighboring China. However, all the candidates have committed to uphold sovereignty while maintaining better trade relations with China.
Stardock has an interesting new tech for gamers. The renowned game developer to introduce new software that enable NVIDIA and AMD graphic cards to be installed together in the same PC.
Toyota has been working with the local government along with Toshiba Corp. and Iwatani Corp. regarding hydrogen fuel cell. Hydrogen will be taken from the wind-power plant in Yokohama Hama Wing that will be compressed and delivered by a truck.
UAE venture capital firm BECO Capital expects that the tech sector will spur amid the slowdown in the economy due to low oil prices. Especially in the region, the firm projects that tech startups will face a significant growth as the government seek to achieve diversification to non-oil sectors.
Global stocks rose further as increased investor confidence propelled buying support. Investor confidence has been strengthened after the announcement of European Central Bank's stimulus plans and encouraging US economic data.
