For the first time need to withdraw cash sovereign wealth fund as western Europe's bigget oil exporter.
Funding
AIMCo.Pushes Through Journey Energy Inc. Investment
AimCo's CEO is pleased to announce their partnership with Journey Energy Inc. Journey released 4.95 million investment. AimCo was so happy that it has victoriously enterted a strategic financing firm with Journey.
Oracle Warns NetSuite Deal End
Not gaining enough support, Oracle threatens to end NetSuite deal. Oracle has threatened to pull out $8. 8bn bid for cloud software with company NetSuite due to lacking support for the latter to pursue.
Germany's Gabriel Pushes More Investments; Advises Tax Cuts Caution
Sigmar Gabriel, the economy minister of Germany urged the government to put up more investments. He stressed out that there should be more schools to be put up, infrastructures such as road as well as in education. In his speech he asked to push more welfare handouts of the solid public finances.
Gold Managers Advices Caution Despite Huge Gains
Despite overwhelming profits from gold this year, gold managers suggest caution to possible risks of deficit.
Latest News
Compound-the newly named firm which stage a $50M is under the umbrella of Metamorphic Ventures. The fund is allocated for the startups of the different areas like adtech, healthcare and etc.
In Columbia, the president and the farc laeder signed a deal. But the result of the vote shocked the president because it revealed that many opposed to the said agreement.
The banks in Potugal had a lot of issues to solve after failing to sell Novo Banco. This has made a lot adjustments that needs to be done by the banks.
Dymon Asia Ventures is the newly born capital arm of Singapore-based, Dymon Asia Capital, has spring the process to raise a $50-million debut fund, and is solely dedicated to Fintech Space, DEALSTREETASIA has acquired.
Ele.me secured a $1.25 billion investment from Alibaba and its finance business unit Ant Financial. China’s O2O business market are now booming as most Chinese consumers are using smartphones to do their daily activities.
Online video production startup 90 Seconds will pursue its global expansion after securing $8 million in Series A led by Sequoia India. The startup will also broaden its network of creative freelancers in India as well as in other countries.
DocSend received a new investment round totaling in $8 million to enhance its service on documents sharing and documents analytics. The startup has been focusing in documents as the core of most business deals.
Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.
Google will provide seed funding in Asia's renewable energy that will start off in Taiwan. Through the Center for Resource Solutions, the funds will be used to set up renewable energy certification programs.
