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.
Regions
Geneva Motor Show Gets Colorful In Unveiling the Lamborghini Centanario Supercar
Lamborghini is celebrating its founder’s 100th birth anniversary. To mark the day, the lavish car maker has unveiled a new Lamborghini Centanario supercar equipped with its signature V-12 engine. All the 40 production edition of the model has already been sold out which are scheduled to be manufactured within 2017.
Brexit Will Endanger UK Financial Sector,BlackRock Inc Said
The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decision is taken.
CaixaBank may acquire Isabel Dos Santos' stake in BPI
Spain-based Caixabank is planning to buy the stake of Isabel Dos Santos in Portugal's Banco BPI SA. The negotiations over the acquisition are still going on and may be completed soon.
China to lower cap on foreign investments in 2016
The world's second largest economy will lower threshold for foreign investments in 2016. The Commerce Ministry of China has confirmed that the government is in the process of lowering the limit on foreign investment for 2016 year. China recorded 6.4 percent growth in foreign direct investment during 2015.
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Global investment in the clean energy sector has been increasing year by year. However, Canada’s clean energy investment has been plunged by 46% in 2015 compared to the previous year. Canadian government has been urged by the Clean Energy advocates to adopt more investment friendly policies to patronize the sector.
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.
A team, comprising of aerospace engineers and enthusiasts from Moscow University of Mechanical Engireering has successfully raised cloud-fund. The fund will be used to launch an observatory satellite. A reflector placed in the earth orbit will enlighten the satellite to appear as the brightest planet in the earth.
The bigger companies are getting global through acquiring operations in the regional markets, which has become a trend in the multi-billion dollar market. Following the trend, Hong Kong based firm Mobvista has announced on Monday acquiring NativeX for $24.5 million. Through the deal, NativeX has been expected to contribute for achieving Mobvista’s international goals and successes.
Following slow start of the year, tech companies began to come to life. As Palo Alto Networks, Splunk and Salesforce.com brought Nasdaq to soar 2% in the last five trading days.
Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.
Danske Bank has reportedly spent $60 million against its workforce compared with a year earlier. Meanwhile, the bank company has recently achieved an average ‘buy’ rating from most of the analysts. To retain the achievement with further upgrading, the bank has adopted cost cutting measures which include job cuts in 46 positions of mostly the IT portfolio.
Cities like Austin, Texas, and Seattle, and Seattle have become a new target for tech workers. They are areas in which the tech startups are increasing in large number.
Australian lifeguards will get a help from 'Little Ripper' to detect shark presence along New South Wales' coastlines with its aerial view using infrared cameras. The project costs $200,000 where Westpac sponsors the trial for the search and rescue operations.
