Information technology news site Techcrunch said in a report that investment by venture capital firms in startups that are a least a decade old had been increasing.
Investors
Barclays provides explanation for frozen expat accounts in UAE
Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
Nykredit to refinance DKK 11 billion or USD 2 billion debt
Nykredit would be refinancing its DKK 11 billion debt through preferred stock issuance and contingent convertible debt.
General Electric Capital Corp to sell majority stake in GE Money Bank in IPO
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Toshiba eyes major stake in UK nuclear consortium NuGen - CEO
Toshiba Corp chief executive Hisao Tanaka told Reuters that his company would decide on buying a major stake in UK nuclear venture NuGeneration.
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In an announcement today, passenger travel search engine company Skyscanner announced that Sequoia Capital had placed investment commitments to the startup valued at USD800 million.
Algorithmic trading platform Quantopian raised USD 6.7 million from Khosla Ventures and Spark Capital.
Fubon Life Insurance Co would be buying real estate overseas after the Taiwanese regulator eased restrictions for insurance firms on property investments.
Westports Holdings Executive Chairman G. Gnanalingam became a billionaire with the port operator's initial public offering.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
The National Retail Federation said the US retail sales would increase this holiday season by 3.9%. Retail sales in the US were expected to increase by 3.
FinGelit Chief Executive Officer Mattia Malgara said the Italy-based food maker would be going public next year.
Commonwealth Annuity and Life Insurance Co., a wholly subsidiary company of Global Atlantic Financial Group, announced the completion of its acquisition of Aviva USA's life insurance business.
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report. UniCredit is the biggest bank by assets in Italy. The financial lender had submitted a preliminary offer to acquire Poland's Bank BGZ, according to a Reuters report.
