A group of investors led by Macquarie has reached an agreement with utility company Cleco to acquire the latter for $3.4 billion during October 2014. The acquisition proposal has previously been rejected by Louisiana PSC last month due to absence of best interest offerings to the Cleco customers. However, the deal has been approved on Monday following revised commitments from both the parties.

Mar 29, 2016 09:27 AM EDT

Gobi Partners along with Malaysia Venture Capital has created a $14.5 million investment pool to focus on tech start-ups in the Southeast Asian region.

Mar 29, 2016 09:22 AM EDT

Smart shirt has been a new frontier in the wearable tech. Another Canadian startup company Hexoskin introduced its Hexoskin Smart product as another smart shirt.

Mar 29, 2016 09:21 AM EDT

Ayala Corporation, the largest business group by assets in the Philippines has already acquired certain stake in the automotive industry through IMI. Now, the conglomerate eyes to expand its dominance over the industry in line with a comprehensive program naming CARS. With support from the program, Ayala will go for manufacturing local car brand along with spare parts production facility.

Mar 29, 2016 09:20 AM EDT

As the country divided in the Brexit issue, British companies showed a little concern regarding Brexit. They considered Brexit do not affect their business activity.

Mar 29, 2016 09:14 AM EDT

Online shopping is made easy with the advent of smartphones, creating a new era for online sellers. Online marketing sector has gained from many e-commerce apps over the recent period.

Mar 29, 2016 09:10 AM EDT

South Korean venture capital firms are eyeing overseas biotech industry to accelerate investment goals. At the sametime, tech startups in Korea also began to flourish.

Mar 14, 2016 10:41 AM EDT

Global venture capital funding for financial technology companies hit $13.8 billion last year. The number is a double from previous year, indicating a serious impact of fintech to the financial services.

Mar 14, 2016 10:38 AM EDT

Through a surprise move, Bank of Japan has adopted negative interest rate aiming to force the banks in investment. Meanwhile, the negative economic outlook has compelled the commercial banks to squeeze their investment portfolios while diminishing the BOJ move. Analysts have forecast for unchanged monetary policy in Tuesday’s meeting while predicting for a major change in April.

Mar 14, 2016 10:35 AM EDT

Oil prices might have propelled above $40 a barrel level in the past week as Iran was expected to join other producers to freeze its oil output. However, Iran wants to help its ailing economy, regardless of the oversupply.

Mar 14, 2016 10:24 AM EDT

Indiegogo launched a year-long initiative to help give more support to female-led campaigns. Inspired by women entrepreneurs, the crowdfunding platform plans to host events and consultations for female-led campaigns, supported by other organizations.

Mar 09, 2016 09:20 AM EST

Owner of New York Stock Exchange, Intercontinental Exchange prepare its bidding on London Stock Exchange. The bid came in the midst of merger talk between London Stock Exchange and Deutsche Boerse.

Mar 09, 2016 09:18 AM EST