Vision Capital has announced on Wednesday reaching an agreement for disposing of its consulting business arm to Maru Group. Lower growth rate and profit margin ration are believed to the reason to choose the consulting arm for selling. Through this deal, VC has removed the last hurdle to go for IPO.
Regions
Eskom to Receive Last Payment of 5 Billion Rand Bailout By Next Week
Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.
Gap Announces Fourth Quarter Earnings, Forecasts Decline in Profit During Current Year
Gap Inc. has announced its fourth quarter earnings on Thursday. The clothing retailer has represented a comparative feature with its year ago performances. It has also predicted for weaker earnings during the current year.
After American Airlines, Republic Airways Files For Bankruptcy For The First Time Since 2011
Republic Airway has sought immunity under bankruptcy followed by pilot shortages and other industrial odds. American Airlines has filed for bankruptcy in 2011 and now, the US regional carrier follows the trait in seeking clemency. However, Republic CEO expects the move will take the carrier to the new heights.
PBOC Governor: China's Economy Is In Good Shape
PBOC governor Zhou Xiaochuan is confident to say that China's economy is healthy along with the assurance that yuan will not be devalued again and that the country has enough monetary tools to support the economy.
Latest News
Hedge funds are favoring eHi Car Services Ltd (NASDAQ:EHIC) stocks. Many hedge funds are reportedly increasing their collective stake in the China's car rental company.
As the birthplace of venture capital in 1960's, a report from Martin Prosperity Institute showed that San Francisco is still leading venture capital investment in the United States. While New York and East Coast region followed behind.
Oppo has unveiled Super Vooc Flash, the ultra fast charging device, during Barcelona Mobile World Congress. No compatible device has been suggested in the introductory session which indicates the device is still in the prototype stage. The Oppo device is claimed to be superior since it diminishes the risk of overheating and can operate in a lower voltage.
The Birmingham-based company focused on developing cloud-based HR software. An area which rarely attracted software startups.
LiFi technology, an abbreviation of Light Fidelity transfer data using light from LED bulb. It will enable users to download 23 DVDs in one second
Microsoft has announced on Wednesday acquiring Xarmin, a cross-platform software programming tools project. Though details on the deal haven’t been disclosed from either party, the deal has been rumored to be made for $400 million to $500 million. The acquisition is expected to boost up Microsoft’s Universal Windows Platform (UWP) technology ideals.
Singapore's GDP has increased 1.8 % in the fourth quater in 2015. For the full year of 2015, it has increased 2%.
British property website Zoopla has set a new record in attracting more number of visitors to its webpage. About 58 million visits to Zoopla website and app by homebuyers was recorded in January 2016. Zoopla has announced better than forecast results for 2015.
UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.
