Beverage giant Coca-cola Co said it would invest USD5 billion in China between 2015 and 2017 to counter competition.
Investors
Fosun seals USD500 million convertible bond deal
Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
Telecom Italia is selling off assets to raise funds
The assets it owns in Argentina as well as towers in Italy and Brazil are but some of the assets seeking Telecom Italia seeks to unload.
Numericable IPO raises record amount in four years
By raising USD875 million on its market debut, Numericable recorded th biggest IPO in the French market for the past four years.
Chinese investors buy New Zealand resort
Chinese firm CRED Real Estate bought New Zealand's Pepper's Carrington resort for an undisclosed amount.
Latest News
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion. On Friday, the Swiss National Bank (SNB) said it had sold UBS's stabilization fund back.
Indigo Parners LLC said it would go ahead with its plan to acquire Frontier Airlines despite its failure to reach a labor deal with its flight attendants.
Manitoba Telecom Services Inc may sell stock for pension plan after Canada says no to Allstream sale
After regulators rejected the plan to sell its Allstream business division to Egyptian firm Accelero Capital Holdings Sarl Group, Manitoba Telecom Services Inc said it might sell its stock to fund the shortfall of its pension plan.
Espresso Logic raised USD1.6 million today as seed funding to make mobile APIs using data logic from reactive programming.
British technology company Captive Media managed to raise GBP250,000 through crowdfunding to launch the world's first urinal game.
Oktopost closed USD800,000 seed round to bridge social media marketing and business-to-business (B2B) masses.
GoCoin secured USD 550,000 for its seed round from various global investors. Singapore-based GoCoin announced that it had secured USD 550,000 for its seed funding round.
NewWorld Capital made a strategic investment in Astrum Solar together with CCM US and Constellation.
News aggregator closed USD1.8 million in a Series A financing round led by Advance Publications. News aggregate startup Newsle secured USD1. 8 million in Series A funding this week.
