Industry
Wall Street monitors USD, while oil price drops
Investors are concerned as the US stock index futures turned weaker. The marginal recovery in oil price amid drop in the US dollar puts the Wall Street on cautious note. On the other hand, Asian and European stocks were trading marginally higher on oil price recovery and drop in US dollar.
Salesfloor E-Commerce Platform Raised a $3 Million in Seed Funding
The retail tech startup Salesfloor closed $3 million seed fund on Tuesday. The fund was led by BDC Capital IT Venture Fund and two London-based investors Jamie True and Jon Claydon.
ING's Q4 earnings beat forecast
The Dutch banking major ING Groep's revenues for the fourth quarter were above the analysts' forecasts. ING's exposure to the oil companies is putting pressure on its stock, which suffered 20 percent drop. However, ING is also receiving indirect benefits from lower oil prices.
Job growth slowdown a sign of tightening economy
The US economy encouragingly created more jobs for the past two years and now is set for a slowdown, as economists predict. The prevailing credit conditions the US market indicate tightening of economy. The US private sector added 205,000 jobs in January as against 267,000 in December.




