Archives
Investcorp buys hedge fund of SSARIS
Bahrain-based Investcorp Bank BSC has acquired hedge fund business from SSARIS Advisors LLC. The acquisition of hedge fund from the fund business of the US company will enhance product range of Bahrain's bank as the business is expected to add $800 million in discretionary and advisory assets to Investcorp Bank.
The new accurate way to measure the world’s wealthiest countries
New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.
Boeing, Tata team up to make Apache fuselages in India
Boeing Co and Tata Advanced Systems (TASL) will float a joint venture (JV) for manufacturing fuselages for the AH-64 Apache attack helicopter in India. The JV will set up a center of excellence (CoE) and it'll also be in competition for getting contracts to make additional Boeing platforms including commercial and defense.
Snapchat video reaches 6 billion views a day
Messaging app Snapchat announced it is generating 6 billion video views every day. The number is three times the number of daily views in May.