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Funds News

Tropical Maldives seeking funds as islands at risk of sinking

Male - The tropical Maldives may lose entire islands unless it can quickly access cheap financing to fight the impact of climate change, its foreign minister said.

G7 pledges millions to help fight Amazon fires

Biarritz - The G7 has agreed to spend 20 million euros ($22 million) on the Amazon, mainly to send fire-fighting aircraft to tackle the huge blazes engulfing many parts of the world's biggest rainforest, the presidents of France and Chile announced Monday.

Millions of refugees face homelessness without more shelter funding: UN

Geneva - Millions of refugees worldwide risk living on the street due to a lack of funds for shelters, the United Nations warned Wednesday, urging the private sector to help amid surging displacement.

Turkey seeks extra three billion euros in EU migrant deal: Schulz

Brussels - Turkey is seeking an extra three billion euros in aid under a deal with the EU to curb the flow of migrants to the continent, European Parliament head Martin Schulz said Monday.

Snapchat is now worth over $16bn, snaps up $538m more funding

Popular messaging app Snapchat has raised another $537.6 million by selling off stock, leaving it valued at $16 billion. The app has gone from strength to strength since launch, helped by its popularity with teenagers and simple but intuitive appeal.

$386m missing as Hong Kong Bitcoin exchange closes

Over $386 million has allegedly been stolen by Hong Kong-based Bitcoin exchange MyCoin as it closed down this week, leading to claims that the company is withdrawing funds owed to over 3,000 investors.

Public steps up to fund UN food programme for Syrians

Geneva - The United Nations said Friday it would continue providing food assistance for millions of Syrian refugees after a campaign to raise funds on social media secured $21.5 million (17.5 million euros) in the first 24 hours.But a further $42.

Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion

Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2 billion in a macro hedge fund, his firm, LSK & Partners <MLLSK.PA>, said on Thursday, as investors continue to back a low-risk and rapidly ...

As email threats multiply, funds pick up Proofpoint

The last time email could be called a sexy business, Facebook founder Mark Zuckerberg was celebrating his tenth birthday.

Berkshire's Buffett says firm has cut U.S. catastrophe insurance

Berkshire Hathaway <BRKa.N> chairman and chief executive Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States.

Ukraine sparks Russian funds selloff, but winners emerge

The crisis in Ukraine sent the Russian stock market tumbling on Monday, delivering a blow to already-punished portfolio managers who took outsized bets on eastern Europe this year, but g...

Top investors cut emerging Europe equities as Ukraine turmoil escalates: Reuters poll

The world's top investors cut exposure to emerging European equities to a five-month low in February as they fretted over a spillover from tensions in Ukraine and Russia, Reuters polls showed on Friday.

Pimco’s Gross tries again to soothe clients

Pimco's Bill Gross, manager of the world's largest bond fund, on Tuesday sought to reassure the firm's clients about the new leadership structure he has put in place since his heir apparent stunned the investm...

Iran to get first $550 mn early February in nuclear deal

Washington - Iran will get a first installment of $550 million of $4.2 billion being unblocked under a nuclear deal around February 1, a US official said Sunday."The installment schedule starts on Feb.

US cannot account for billions of Iraq reconstruction dollars

The US Department of Defence can't account for $8.7 billion which were supposed to go toward reconstruction in Iraq. No central organization oversaw how the funds were dispersed.

Is homophobia behind removal of Canadian Tourism Minister?

Canada's Tourism Minister, Diane Ablonczy, will no longer be able to dole out funds from a tourism program, and controversy rages after her removal from the program which closely followed her granting of funds to Gay Pride Week.

Tesla Motors Big Winner in Department of Energy Green Auto Loans

Tuesday the Department of Energy released more than $8 billion in auto loans aimed at developing "greener" auto technologies. Tesla Motors, a small electric vehicle manufacturer, received $465 million.

Op-Ed: On the Mortgage Stimulus—Where's My Carrot?

Does President Obama's anxiously awaited and recently unveiled $75 Billion Housing stimulus plan do enough to help stable homeowners whose home values have plummeted?

NIS 175m. Transferred to Gaza - Arms Shipment Halted

Despite concerns and an attempt at getting an injunction against the action by The Legal Forum for the Land of Israel, funds have been transferred.

Madonna Asks Fans To Fund Malawi School - But Why Can't She?

As pop queen, Madonna begs her fans to dig deep and help fund the build of a girls school in Malawi, we ask of one of the wealthiest entertainers in the world, why can she find the funds out of her own pocket?

Russia reviews investment strategy as foreign investors take cover

Russia may have won the war with Georgia, but the tough talk from Medvedev and Putin has forced Russia to review it's foreign investment strategies. Meanwhile US and NATO ships continue to arrive in Georgia.

Stolen Money Found in Barack Obama's Campaign Funds

Barack Obama is reportedly raising far more money in campaign donations than any of his competitors Democrat and Republican. However, at least $400 of it was stolen from a British couple.

Federal funds for homeless not spent: Study

"More than $70 million in federal money earmarked for the homeless was never spent, despite an urgent need across the country, says an internal study. The draft report, obtained under the Access to Information Act, found no satisfactory explanation fo...

Feingold Pushing to Cut Funds to Troops Stationed in Iraq

Senator Russ Feingold will look into whether or not the Senate has the power to cut financing to the war in Iraq--which it doesn't--and intends to push a measure through the Senate if his committee deems it to be feasible.

Murtha to Block Bush's Troop Surge by Limiting Funds

Democratic Representative John Murtha, chairman of a House subcommittee on defense spending, said he will try to block the increase of U.S. forces in Iraq and force the closing of a military prison in Guantanamo Bay by withholding funds.
 

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