Japan-based Sumitomo Corp agreed to acquire Australia-based Emerald Agribusiness Group Pty. The purchase allowed the Japanese trading firm to control the storage facilities and export terminal of Emerald, Bloomberg reported.
Sectors
London-based Birdback raises $2.4M in funding round for "card linking" platform
Birdback, a London-based fintech startup, has obtained $2.4 million in its funding round led by Passion Capital and joined in by Paul Nikkel, Luke Johnson, Playfair Capital and #1seed, TechCrunch reported.
Russian internet group Yandex ramps up overseas quest with Berlin office
Yandex, a Russian internet group, announced on its website that it will be opening an office in Berlin. The new office is a sign that the Russian firm is ramping up its foreign ambitions, Reuters reported.
Indian fashion portal confirms $50M capital injection from Premji Invest and rejects Flipkart merger
Bangalore, India-based fashion portal Myntra confirmed that it raised $50 million in a new funding round led by Premji Invest, and decided not to pursue a merger with Indian e-commerce giant Flipkart.
Big-name mutual funds in Wall Street suffer a decline in emerging markets
Mutual funds managed by the biggest names in Wall Street like BlackRock, Brevan Howard and T. Rowe Price, are showing poor performance with the decline in the emerging markets, an analysis from Reuters said.
Latest News
Jaguar Animal Health Inc, a company that focuses on making veterinary products, received $2 million from BioVeda China Fund, a private equity firm based in China.
Hackers responsible for the data breach on Target stores over the holiday season gained access using log-on credentials for heating, refrigeration, and air conditioning, according to a post on Krebs on Security written by former Washington Post reporter Brian Krebs.
Facebook launched an individualized and automated "Look Back" video feature in time for its 10th anniversary, but a source said the social networking giant will be releasing an edit tool to allow users to customize the photos included in the clip.
Mineola-based LaunchPad in Long Island extended its reach to startups in Hungtington with the opening of LaunchPad Huntington, another co-working space where startups can rent desks and offices until they are able to expand to nearby offices.
Michael Carsley, a US fund manager, has informed an Australian court that he intends to drop a case against a horse betting club in the country that seeks to get back his losses, Bloomberg reported.
Montreal, Canada-based tech startup FixMeStick launched a crowdfunding campaign on Kicstarter to raise $50,000 to get its virus-fighting USB stick into major retailers in the US.
Glassdoor, the leading jobs and career community, today announced it has strengthened its executive leadership team with the appointment of Adam C. Spiegel as chief financial officer.
Oakland, California-based music streaming service Pandora is planning to push native advertising to connected vehicles in a bid to boost the company's total revenue, as announced during the company's Q4 earnings call.
Novra Technologies Inc said it has inked term sheets to purchase Wegener Corporation and Westport Research Associates. Terms of the deals were not disclosed in the statement about the acquisition.
