Chief Executive Officer of Commerzbank Martin Blessing said he is staying at the helm until the bank is successfully reorganized.
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French President stimulates jobs market to bring down unemployment rate by year's end
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
China's services sector exhibits flicker of improvement
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Mexicans may wait for a long time before reforms can be felt: economists
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
Celgene invests EUR 46.2 million in MorphoSys thru capital increase
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
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SetPoint Medical scored USD 27 million in funding from new and current investors to expand its neuromodulation and bioelectronic treatment modalities for inflammatory diseases.
The Center for Innovative Technology (CIT)announced its investment in WealthForge Holdings Inc made through its private equity arm, CIT GAP Funds.
Colorado-based FitBionic raised USD 2.2 million to support the global launch of its first product. Colorado-based FitBionic raised USD 2. 2 million in support of the global launch of its first product.
Honda Motor Co announced its plans to build a new car plant in Brazil. Honda Motor Co announced its plans to build a car plant in Brazil. The investment will cost the Japanese car manufacturer USD 440.
State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.
California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds.
Texas-based private equity firm TPG Capital was able to get the approval of its investors for a time extension to invest their money.
Energy platform drillMap Inc announced that it successfully closed its Series A funding round with USD 6.5 million.
YoungAndMinted.com, the photo sharing website for people who have succeeded in business, announced that it has received funding from two unidentified investors.
