Tags: Australia

Indian Ocean search operations for flight MH370 resulted zero, to resume Saturday

The second day of the search for the missing flight MH370 in the new area in the Indian Ocean resulted to zero following reports from Australian authorities that debris were caught on satellite that could be from the missing jetliner.


American LEGO rental startup Pley closes $6.75M in Series A round

San Jose, California-based LEGO rental startup Pley closed $6.75 million in its Series A funding round led by Allegro Venture Partners to fuel its product, workforce, and international expansion efforts.

Blue Sky to purchase Australian hedge fund Investment Science

Brisbane, Australia-based diversified alternative asset manager Blue Sky Alternative Investments entered a deal to purchase Adelaide-based hedge fund Investment Science Asset Management for an undisclosed amount.

Malaysia Airlines MH370 wreckage seen floating near Perth, Australia

A development on the case of the missing flight MH370 has been reported today saying debris was found floating near a remote area in the southern Indian Ocean.


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West Perth, Australia-based mineral exploration firm Rox Resources landed $3.3 million from the placement of 73.3 million shares to fund its nickel project in the Goldfields.
Perth, Australia-based coal miner The Waterberg Coal Company Ltd raised A$2.4 million from an equity issue to London, UK-based investment firm Investec Asset Management to gain additional working capital for its current project.
Kuala Lumpur, Malaysia-based conglomerate Sime Darby Bhd, through its subsidiary Haynes Mechanical, picked up a 70% stake in Singleton, Australia-based mining machinery provider TFP Engineering for A$3.2 million (MYR9.5 million).
Malaysian authorities denied reports that MH370 flight was tracked in Malacca Straight while Vietnam has dispatched a plane to investigate on an eyewitness report regarding a burning object in the sky east of the country.
A timeline is drawn from after the departure of the MH370 from Kuala Lumpur International Airport last Saturday until the fourth day, Tuesday, of the search and rescue operations conducted by Malaysian authorities and other countries.
Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.
Austin, Texas-based solar microinverter provider SolarBridge Technologies closed $42 million in a funding round led by Constellation Technology Ventures to drive its expansion efforts across North America and Australia.
Sydney, Australia-based music streaming firm Spotify snapped up Somerville, US-based music discovery engine The Echo Nest for an undisclosed amount to create an improved music discovery service for its clients.
Townsville, Australia-based startup Friends For Hire is launching on March 22 to allow lonely people to hire other people to be their platonic friend for an hourly fee of $60.
Melbourne, Australia-based startup Influx.com pocketed $250,000 in seed funding from Mark Harbottle and Leni Mayo to provide CRM (customer relationship management) solutions for online and tech startups.
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