Bitcoin advocate Mike Hearn and skeptic Dr. Stephen Kinsella shared their opposing views on the future role of the digital currency in a BBC News report.
Industry
Top deals of the deay - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy
Report says challenges plague Indian private equity industry
A report by Vivek Singla of The Economic Times compared the Indian private equity industry to a valiant warrior who is able to penetrate an enemy's circle of defense, but failed because he had no exit plan.
Africa brought in over $2B in closed private equity funds -report
Africa-focused private equity (PE) fundraisers have secured more than USD2 billion from January to September, according to Private Equity Africa, a publication for fund managers and investors.
India's mid-sized tech firms target senior execs from bigger competitors - report
A report from The Economic Times said mid-sized technology companies in India are hiring experienced executives from larger peers to gain management expertise and skills.
Latest News
According to Speedtest.net, 30 countries including Moldova and Uruguay have faster Internet than the United States. Google Inc. has began building its fiber network in Kansas. A nationwide Google Fiber rollout, however, may cost USD1 billion.
A study done by CB Insights revealed that only 14% of venture capital firms supported unicorns since 2004. Unicorns refer to young startup firms that have made USD 1 billion exits.
Private equity firms are keeping more money for acquisitions, according to a report from the Financial Times. The "dry power" of private equity funds have risen to USD 789 billion this year.
Valuation results in 3Q13 showed a noticeable increase over 2Q13, including the greatest difference between up and down rounds in over six years. The software industry was especially strong, not only valuation-wise, but also in the number of deals.
A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.
China Banking Regulatory Commission's new rules will prohibit banks to circumvent lending limits via loan restructuring and other means, according to sources who had disclosed the new banking measures to Bloomberg.
In his interview with The Cornell Daily Sun, former analyst of private equity firm Blackstone and incoming associate of venture capital firm New Enterprise Associates Andrew Schoen explained why venture capitalists exist.
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
During a panel discussion with Daimler CEO in Berlin on Saturday, Dieter Zetsche, said he would 'welcome' a Chinese investor. Daimler also took a 12% stake with Beijing Automotive Group.
