Venture Capital
Former Xstata executives form new resources company
Mick Davis and Trevor Reid, former executives of Xstrata form X2 Partners to establish X2 Resources with the Noble Group and TPG.
CNH Industrial opens its trading on NYSE
CNH Industrial started trading on the New York Stock Exchange on Monday at USD12.75 per share piece, said a Reuters report.
Ho plans to build a casino in Japan valued at USD5 billion
Lawrence Ho planned to invest more than USD5 billion in Japan once Melco Crown Entertainment obtains permission to establish a casino in the country.
Al-Futtaim signs MoU for new Muscat mall in Oman
Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
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Videocon Group Chairman Venugopal Dhoot confirmed that its West Bengali project would commence by the end of 2013.
In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
Berlin is the site for the European headquarters of Etihad Airways. Eithad Airways recently unveiled its new headquarters in Berlin, enhancing the Gulf aircarrier's presence in Germany as well as the whole of Europe.
Oman is now opening itself to world class cargo operations. The Omani Government had laid out plans to make significant investments in new cargo facilities in various airports in the country.
A joint venture firm of gaming tycoons Lawrence Ho and James Packer would be investing more than USD 5 billion to build a casino resort in Japan.
According to AirAsia CEO Tony Fernandes, the MoU signed by Tata and Singapore Airlines is a 'non-issue'.
High end brand Massimo Dutti was given permission by the Foreign Investment Promotion Board to set up shop in India.
Peugeot still is waiting on Dongfeng's investment while Chang'An Auto is all out in a venture with the French carmaker.
Danish wind turbine producer Vestas Wind Systems announced that it would be forming a new joint venture with Japanese conglomerate Mitsubishi Heavy Industries.
New product offers have been made by NASDAQ OMX such as USD10,000 contracts for its clients in the currency market.