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US offers $4.5 bn investment in Central America, Mexico

Washington - The United States, hoping to stem migration, said Tuesday it was ready to support $4.5 billion in investment in Central America and southern Mexico.

UK investor halts Iran solar project over US sanctions

London - British group Quercus, an investor in renewable energy, said Tuesday it will halt work on a major solar plant in Iran after the country was hit by US economic sanctions.

This week saw some big funding rounds across all sectors

The past seven days saw some truly massive funding rounds across all sectors. From a new way to sell property to an insurtech startup, here are three big winners from this week.

Merkel's G20-Africa meet aims to reduce poverty, migrant influx

Berlin - German Chancellor Angela Merkel hosts African leaders Monday for a G20 conference aimed at fighting the grinding poverty driving the mass migrant influx to Europe.

Plan to nurture African economies unites fractious G20

Baden-baden - Ministers from the world's top economies heralded plans to boost development in Africa on Saturday, at an otherwise fractious G20 gathering in Germany.

Russia invests in futuristic Hyperloop train

Moscow - A Russian state fund said Wednesday it had invested in the company Hyperloop One which is developing a futuristic train project that will propel people and cargo in capsules via low-pressure tubes.

For coffee entrepreneur, troubled Brazil still worth the grind

Rio De Janeiro - Opening a gourmet cafe in a country deep in economic and political hot water might seem risky, but like many foreigners, Australian entrepreneur Duncan Hay still thinks Brazil is a tasty investment.

$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.

Mobile rewards platform Freecharge raises $80m in funding

Mobile transactions firm Freecharge has raised $80 million from new investors to help fuel its growth. The company enables users to get free rewards such as food or entertainment by simply paying phone bills through its mobile app.

Vodafone wins full control of India division

London - Global mobile phone giant Vodafone has taken full control of its Indian subsidiary in deals worth £1.0 billion ($1.7 billion, 1.2 billion euros), it confirmed on Friday.

Hong Kong, Shanghai to begin cross-market trading

Hong Kong - China unveiled a plan Thursday allowing cross-trading between Hong Kong and Shanghai's stock markets in the latest move by mainland leaders to open up the country's capital markets and promote the yuan as an international unit.

Cuba: obstacle course for foreign investors

Havana - Foreign investors still face an obstacle course in Cuba despite the passage of a new, more liberal law aimed at attracting capital from outside the communist-ruled island.

UK drugs firm GSK announces Africa investment

London - British pharmaceutical giant GlaxoSmithKline on Monday announced a five-year investment programme for sub-Saharan Africa to fuel the company's growth and to serve an area with "pressing health needs".

Cuba passes law to lure foreign investment

Havana - Cuba's parliament unanimously approved a new law on foreign investment Saturday aimed at boosting sputtering economic growth on the communist-ruled island.

Google expands reach with new investment arm

San Francisco - Google on Wednesday unveiled a new investment arm to put the technology titan's touch on startups hitting stride, in a further expansion from Internet search.Google Capital fund launched with a slightly different focus than five-year-old Google Venture...

VW to launch midsize SUV in US amidst big investment

Detroit - Volkswagen plans to fill a big hole in its US portfolio by launching a midsized sport utility vehicle in 2016 and will expand its manufacturing presence in the region, the German automaker said.

Stanford researchers create reusable flexible solar cells

Renewable energy is inevitable. It will be relied on sooner or later especially at the current rate of non-renewable energy usage. However, Stanford researchers have come up with a low cost solar panel solution for all your personal needs.

Markets optimistic on Feds announcement

S&P and the Dow are up 4.48 and 69.07 respectively, but the US Dollar is just not picking up. Optimistic or not, Feds are announcing action plans to combat the poor economic situation.

Bono invests in online storage start-up Dropbox

San Francisco - Dropbox, the web-based file hosting phenomenon, has yet another believer - Bono. In conjunction with band mate The Edge, Bono has made a substantial personal investment in Dropbox. The amount invested has not been disclosed.

Corporations betting on climate change

Attacks against climate change science have grown in recent months in the media. In the boardrooms of the world however the game is betting on climate change by figuring out how to profit from it. Big business is taking climate change seriously.

3M China opens two plants in Shanghai

China's strong resilience against the financial crisis is clearly a sign of guaranteed return for foreign investors. The company 3M just opened two new plants in Shanghai on Oct. 13.

China Grabs Big Stake in Canada's Oilsands

Asia's largest oil company, PetroChina is buying the holdings in the MacKay River and Dover fields from Canadian firm Athabasca Oil Sands giving China a 60 percent stake.

CIC acquires minor stake in London-based alcohol company

China Investment Corp (CIC) , China's sovereign wealth fund, has acquired 1.1 percent of Diageo, the London-based world's biggest alcoholic drinks dealer.

China invests in Nippon Oil

The Chinese government has approved China National Petroleum Corp to buy 49 percent shares in its Japanese counterpart - Nippon Oil Corp to set up a joint venture in Japan.

Buffett to Invest $3 Billion in G.E.

It looks like Warren E. Buffett is at it again and this time he is buying into the bluest of blue-chip companies at a very steep discount.

United States Invests in FAO Bird Flu Program

The United States will invest an additional 38 million dollars in the Food and Agricultural Organization's avian influenza programme. This brings the US invest to a total of 63 million dollars.

Shashi Tharoor to invest in kerala

Famous author-diplomat Shashi Tharoor is planning to invest in his home place, kerala. Former United Nations under-secretary-general for communications and public information disclosed this in New York .

IBM Plans $6 Billion Investment Plan For India

Yes, India and China both are world’s hottest investment destination due their potential market. And IBM, new expansions plan in not an exception. IBM plans to invest $6 Billion in India by 2009.

EA invests in cheats

EA Games is so miffed that outside companies are making money out of providing cheats for its games, it has decided to do the job itself.
 

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