Demandware Inc, whose software is used by businesses to run e-commerce websites, would be bought over by cloud-based software maker Salesforce.com Inc. the latter company said on Wednesday. The deal is expected to be worth about $2.8 billion. As Salesforce… Read More ›
Saudi Arabia’s Public Investment Fund has valued the company at $62.5 billion. In this latest round of funding, Uber mopped up $3.5 billion at a time when funding for tech startups are contracting. Uber has gained further traction in the… Read More ›
The U.S. SEC is investigating Alibaba’s sales data of its annual Single’s Day event. Softbank has since reduced its exposure but has maintained its dominant profile in Alibaba. With Softbank selling some of its shares, Singaporean wealth funds have now… Read More ›
Zhu Guangyao has warmed up to the impending hike in U.S. interest rates, saying it is good for China and for global economies. The Chinese vice finance minister, Zhu Guangyao, has welcomed the U.S. Federal Reserve’s decision to hike interest… Read More ›
India has decided to take the fight to the mighty while governments around the world are shocked how little taxes multinationals pay. From Wednesday, the Indian government would collect 6 cents out of every dollar that Indian merchants pay to advertise their… Read More ›
Domestic companies in China which have fraudulently obtained vast amounts of subsidies from various local governments have allegedly overrun the mainland China’s growing robotics sector say industry insiders. “The industry is now in a subsidies-driven bubble. It’s time to launch… Read More ›
In the latest sign of Venezuela’s growing isolation and economic, social and political turmoil, the German airline Lufthansa cancelled its flights between Germany and the South American socialist country over the weekend. According to the International Monetary Fund, with hyperinflation averaging… Read More ›
The most players in the oil industry is struggling to stay afloat due to the low prices and oversupply of oil, one segment of the industry seems to be gaining from all this turmoil. In recent years with oversupply of… Read More ›
The U.S. government has reported a larger-than-expected drop in crude inventories. For the first time in seven months Brent crude rose to levels above $50 a barrel. Asian shares however did not ride this wave as they are still struggling… Read More ›
Does Bayer’s acquisition strategy of Monsanto factor in the ECB bond buying program? It would be brilliant if it has in fact factored that in. According to the terms of the European Central Bank’s bond buying program, Bayer would be… Read More ›
manageria.biz 