PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
Sectors
Audo invests in Paris bio gasoline startup
Germany-based car maker Audi is investing in Paris, France-based bio gasoline startup Global Bioenergies, which makes cheap gasoline from sugar, as part of an effort to decrease greenhouse gas emissions amid stricter regulations.
Actavis exits stake in China joint venture to Chiral
Dublin, Ireland-based pharmaceutical firm Actavis sold its stake in Chinese subsidiary Actavis (Foshan Pharmaceutical Co) for an undisclosed sum because of its limited presence in the country.
AT&T Inc tells UK authorities it won't make a bid for Vodafone
AT&T Inc said it will no longer have any plans to make an offer for Vodafone Group Plc, preventing it from making a takeover bid in the next six months, Bloomberg reported.
Chief of UK-based Europa Oil now holds 0.88pct stake after an open offer
Hugh MacKay, the chief executive of UK-based hydrocarbons exploration and production firm Europa Oil & Gas, now holds a 0.88% stake in the company after it held an open offer for 19.3 million shares.
Latest News
AMCS Group secured an equity investment of €23.5 million in a round led by Highland Capital Partners Europe. AMCS Group is a company that gives software and solutions to firms in the recycling and waste management industry.
The latest Manulife Investor Sentiment Index for Asia showed that an improved investor sentiment in Japan and an improving view towards equities brought up the investor sentiment in the Asian region.
Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.
Missouri, US-based biotech startup Modern Meadow is the process of opening a facility in New York to promote lab-grown leather and in-vitro meat to fashion firms and restaurants in the area.
Search giant Google will be purchasing London-based artificial intelligence startup DeepMind founded by Demis Hassabis, Jaan Tallin and Shane Legg, according to news website Re/code.
Data showed that Android holds the top spot as the most popular mobile platform in the world but Samsung is clearly under pressure as local players step up their game, TechCrunch reported.
The US Secret Service confirmed that it is investigating a potential data security attack at Texas-based arts and crafts retail chain Michaels Stores, which alerted its customers to check credit account statements for fraudulent charges.
Samsung, the world's biggest cellphone maker, inked a 10-year patent agreement covering all present and future technology patents with Google, the maker of Android operating system.
Chairman Jifan Gao of Trina Solar Ltd said that there will be an acceleration in the rate of consolidations in the solar manufacturing industry in the next three years, Bloomberg reported.
