New York-based hedge fund Visium Asset Management is facing probe by the US Securities Exchange Commission (SEC) and Justice Department over its trading and valuation issues. Visium's exposure to healthcare sector is under scanner.
Investment banks
Andreessen Horowitz Starts Off $15M PeerStreet Investment
One of the top venture capital firm, Andreessen Horowitz will give a $15 million as an investment. Andreessen Horowitz, a venture capital firm has led a $15 million investment in PeerStreet, a financial technology startup that gives individual investors access to real estate-backed loans online.
Deutsche Bank Awakens Investment Bank to Regain
The Deutsche Bank will start regaining their profits and investments. Deutsche Bank AG, is battling its confidence to retain confidence among some shareholders and clients who is losing market share across investment banking in Germany and Europe once its considered unbreakable home turf.
Trump Taj Mahal Closes After 26 Years; Marks 5th Casino Casualty
Taj Mahal had shut its door down 6:00AM Monday. Donald Trump, who built the Taj Mahal casino once called it "the eighth wonder of the world" This time, Donald Trump, the Republican candidate in the race for the presidency who also took his Atlantic City into bankruptcy four times uttered no words about Monday's shutdown of the said gambling hall.
Brexit Moves with Online Mortgage Market 50% LendInvest
Online marketplace mortgage financer LedInvest grew revenues by 133% in 2016 and turned a profit of £3.4 million accounts show.
Latest News
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading for manipulating castor seed futures. National Commodity & Derivatives Exchange (NCDEX) is also enhancing and strengthening surveillance system for commodity exchanges in the country.
Indian stock markets recorded gains from continuous buying support from foreign institutional investors (FIIs). Encouraging global cues also led the stocks gain on Indian bourses. The latest institutional support made the best three-session rally since September 2013.
Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose.
Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.
B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. province has written a letter to the Prime Minister Trudeau to extend support to clean-tech industry.
Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.
President Jacob Zuma is at the center of criticism over lack of infrastructure facilities to attract foreign capital and global companies. All quarters of the society are calling for government's commitment to restore business confidence on South Africa.
Led by technology sector, venture capital (VC) investments in Canada reached 10 year high in 2015. Canadian Venture Capital & Private Equity Association (CVCA) said 536 deals in funding for entrepreneurs raised $2.25 billion in 2015.
Indian smart phone market is witnessing robust growth rate and attracting foreign venture capitalists (VCs). The home-grown apps are creating more demand for venture capital. India is second largest market for smartphones after China.
