Two unnamed sources said India would be selling 10% of its stake in Indian Oil Corp. India planned to sell 10% of its stake in Indian Oil Corp. That would amount to USD800 million, two sources familiar with the matter said.
Tags: US
Monsanto finalizes acquisition of Climate Corp
St. Louis-based agricultural data company Monsanto Co. finalized the acquisition of weather forecast and insurance firm The Climate Corp. in a deal that was valued at USD930 million.
Ledzworld rounds up USD5 million in funding for sales growth
Netherlands-based LED lighting solutions developer Ledzworld recently received USD5 million in funding to be used for the acceleration of its sales, manufacturing, and global expansion.
6Wunderkinder closes USD19 million in Series B funding from Sequoia
Berlin-based task management company 6Wunderkinder raised USD19 million in a Series B funding round to be used for the firm's expansion in the US and business development.
CustomInk raises USD40 million in funding from Revolution Growth
US-based custom apparel company CustomInk recently secured USD40 million in funding from Revolution Growth, to be used for the expansion of its facilities in Northern Virginia, Charlottesville, and Nevada.
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Germany's SolarWorld engaged in talks to buy car parts supplier Bosch's solar plant in Arnstadt.
China's Internet giant Tencent Holdings Ltd. made a move to shower Silicon Valley's app maker Snapchat with a USD200 million investment.
In response to developments in US economy, Fed officials scaled back asset purchases. In a report by Reuters, the Federal Reserve scaled back asset purchases following the slow improvement of the US economy.
Traders kept bets for Feds rise in rates by the year 2015. According to CME Group's Fed Watch, futures prices suggested that no earlier than April 2015 the Federal Reserve would raise the rates.
Various investors and strategists react to the decision of the Federal Reserve. On Wednesday, The Federal Reserve had extended support for the slowing economy of the US.
With the labor market down, private sector employers in the US had hired fewer workers for the past six months.
Sources told Reuters that the end to the probe of JPMorgan's criminal liability about the mortgage bonds it issued in the financial crisis could be far from over.
Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.
On Tuesday, Finance Minister Luis Videgaray said that Mexico had urged the United States to reach an agreement to raise the nation's debt limits to avoid a possible default that could ruin the international reputation of the country.
