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Investment News

PrimeTrade launches new online investment service provider

A new online trading platform made its debut last month, joining the ranks of many others to service both new and seasoned investors.
In the Media by Simon Crompton

The town of Swett, South Dakota is on sale for $400,000

One man has exclusive rights to the town of Swett and is now selling it off to anyone who can match his asking price. Businessman Lance Benson is putting these holdings up to focus on his core business and you have a chance to buy them.
In the Media by Walter McDaniel

Latin American firms leap from Spain to rest of Europe

Madrid - Spanish firms seeking to escape a sluggish eurozone are heading in ever greater numbers to reap the financial benefits of doing business in the faster-paced economies of Latin America.
In the Media by Katell Abiven (AFP)

U.S. Government auctions off $18 million in bitcoins

Silk Road was a major website exchanging drugs for bitcoins until it was shut down. Their massive stock of bitcoins was confiscated as well and is now being auctioned off.
In the Media by Walter McDaniel

Solar road idea sets online support record

A project to create roads that generate solar power, among other things, received the highest number of supporters that Indiegogo has seen.
In the Media by William Suphan - 2 comments

Singapore-based companies sell at record pace to investors

Singapore-based companies are seeing a huge surge in purchases of public businesses as take-private transactions have hit a record $7.94 billion in the four months to April 2014.
In the Media by James Walker - 1 comment

US financial services giant unveils $6.25 bn takeover

New York - US financial services provider TIAA-CREF, a leader in pensions, said Monday it has agreed to buy investment management company Nuveen Investments for $6.25 billion including debt.
In the Media by AFP

US judge okays $1.8 bn SAC insider-trading settlement

New York - A federal judge Thursday approved an agreement between US criminal prosecutors and SAC Capital to settle charges of insider trading in exchange for $1.8 billion in penalties.
In the Media by AFP

Alibaba invests $280 million in messaging app Tango

Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.
In the Media by Gerry Shih (Reuters)

Atlanta firm invests in 14 Tampa-based Arby’s stores

Tampa - The economy seems to be looking good in Tampa, FL, at least in the eyes of some investors. An Atlanta-based investment firm, Mosaic Investments Inc., recently purchased 14 company operated Arby’s stores in the greater Tampa area.
In the Media by Nicole Weddington

MAD support for bonds even as fingers point at Russia

As Russia appeared to dump U.S.
In the Media by Mike Dolan (Reuters)

Big investors stay with Fannie, Freddie despite lawmakers' plans

A Senate proposal for winding down Fannie Mae and Freddie Mac slammed their shares over the last two days, but big investors in the government-owned mortgage agencies aren't running away yet.
In the Media by Svea Herbst-Bayliss (Reuters)

SAC Capital takes new name after insider scandal

New York - SAC Capital founder Steven A.
In the Media by AFP

Norway oil fund admits F1 investment was 'mistake'

Oslo - Norway's $840-billion oil fund, the world's largest sovereign wealth fund, admitted Tuesday that investing in graft-tainted Bernie Ecclestone's Formula One Group was a mistake.In May, the fund paid $1.6 billion (1.15 billion euros) for a 21,3 percent s...
In the Media by AFP

Boosting Ethiopia's economic growth with building boom

Addis Ababa - Above Addis Ababa's concrete skyline, cranes tower high amid blasts from nearby drills and diggers.
In the Media by Jenny Vaughan (AFP)

Cash-strapped Morocco courts U.S. investment

Rabat - Morocco's finance minister on Monday urged US businesses to boost investment in the country and take advantage of "unprecedented" regional growth, as the cash-strapped government battles to fix its ailing finances.Rabat is a key regional ally of Washin...
In the Media by AFP

World sovereign funds forum switches HQ to London

London - The International Forum of Sovereign Wealth Funds (IFSWF) announced on Wednesday that it is switching its headquarters from Washington to London."The decision further reinforces IFSWF's position as a significant global institution," said the group, whi...
In the Media by AFP

Second best year for Norway's sovereign wealth fund

Oslo - Norway's huge sovereign wealth fund, the world's largest, reported last year the second best performance of its history, the country's central bank said Friday, virtually making every Norwegian a millionaire.The so-called oil fund is fed by the state's...
In the Media by AFP

GDF ditches monopoly past, invests in growth markets

GDF Suez <GSZ.PA>, with its traditional European business under pressure, plans to focus investment on power production in fast-growing emerging economies and on Europe's shift...
In the Media by Geert De Clercq and Benjamin Mallet (Reuters)

eBay: attacker Icahn 'dead wrong' about company

New York - EBay accused Wall Street activist Carl Icahn of playing with the truth Wednesday as it defended itself against a fresh assault on the company's directors."Carl Icahn doesn't let the truth get in the way of a good story," the company said after Icahn re...
In the Media by AFP

WhatsApp gets payback for venture capital star Sequoia

San Francisco - Grandfather of Silicon Valley investment Donald Valentine rang up a major payday while evening the score a bit with relative new kid on the block Mark Zuckerberg.Valentine's Sequoia Capital is in line for a dizzying return from the purchase of startup ...
In the Media by Glenn Chapman (AFP)

Google fund invests in education start-up Renaissance Learning

Renaissance Learning, an education technology start-up, said on Wednesday that Google Inc's investment fund had bought a minority stake in the company, valuing it at $1 billion.
In the Media by Reuters

Investors shun emerging markets, especially South Africa: BofA poll

Investors grew even more pessimistic about the developing world in February, with a majority saying the biggest threat to the stability of global financial markets was turmoil in emerging markets, a surve...
In the Media by Natsuko Waki (Reuters)

January foreign direct investment in China rises 16%

Beijing - Foreign direct investment (FDI) into China increased 16.1 percent in January, the government said Tuesday, with cash infusions from Asian economies and the United States showing the steepest rises.FDI, which excludes investment in financial sectors, to...
In the Media by AFP

Analysis: War-scarred Ivory Coast reopens for business

Ivory Coast is re-emerging as the prime investment destination in French-speaking West Africa after a decade of political turmoil but President Alassane Ouattara must weed out corruption a
In the Media by Joe Bavier and Daniel Flynn (Reuters)

Former SAC official convicted of insider trading

New York - A New York jury on Thursday convicted a former portfolio manager for SAC Capital of insider trading in the government's latest victory against the once-mighty hedge fund.
In the Media by AFP

Belgium's Ablynx in Merck cancer research tie-up

Brussels - Belgian biotechnology company Ablynx said on Monday it has signed a cancer research cooperation accord with US pharmaceuticals giant Merck & Co. which could be worth up to 1.7 billion euros ($2.3 billion).
In the Media by AFP

Cuba opens 'megaport' with high hopes for more trade

Sancti Sp - Cuba officially opened its new Mariel "megaport" on Monday, hoping the project will put it on the map as a regional shipping hub despite scant foreign investment and the US economic embargo.
In the Media by AFP

Cuba opens 'megaport' with high hopes for more trade

- Cuba officially opened its new Mariel "megaport" on Monday, hoping the project will put it on the map as a regional shipping hub despite scant foreign investment and the US economic embargo.
In the Media by AFP

Cuba sees 'major role' for foreign investment

Havana - Cuba plans to open its economy to greater foreign investment under a new law to be taken up soon by its legislature, a report in state-run media said Saturday.
In the Media by AFP
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At the IHT Luxury Conference on Friday  Bono described Africa as  remarkable creative  and entrepren...
Kevin Ito
At the IHT Luxury Conference on Friday, Bono described Africa as "remarkable creative, and entrepreneurial," and reminisced about conversations he shared with friends at EDUN's launch in 2005. "Our African friends said to us... 'Is it another charitable project?' And we're like, 'No, it's a business.' 'Oh thank GOD.'"
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Prime Minister Stephen Harper announces agreement that will facilitate investment flows between Cana...
PWGSC
Prime Minister Stephen Harper announces agreement that will facilitate investment flows between Canada and China
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