Oculus introduces social element to VR
Oculus users can now engage with fellow users in virtual reality with two new offerings called Rooms and Parties. Parties brings in voice calls from as many as three friends, after which the friends can […]
December 2016
Dynamic Yield, personalization tech startup, raises $22M
Dynamic Yield, a startup offering tools to help online businesses deliver personalized experiences, has raised $22 million in series C funding. Dynamic Yield’s personalization technology stack helps marketers increase revenue by automatically personalizing each customer interaction […]
Superflex startup that develops robotic exoskeleton raises $9.6M
Superflex raised $9.6 million in Series A. The startup produces and develops custom garments with flexible electric motors built in. It helps the wearer with everyday tasks. So, the investors include Japanese venture capital group Global […]
Index shows surge in investor optimism
Investor optimism is at a nine-year high, with the Wells Fargo/Gallup Investor and Retirement Optimism Index up 17 points this quarter compared with Q3. “Investors are more interested in the markets, but it takes time […]
Monte dei Paschi’s liquidity is expected to run out in four months instead of 11 months as previously forecast
Monte dei Paschi’s liquidity is expected to run out in four months instead of 11 months as previously forecast, according to an updated document on the bank’s website. The headline doesn’t help as the clock […]
UK hedge funds could lose access to European market
A document being drafted by the European Parliament warns that UK hedge fund managers could lose access to the European market after the UK pulls out of the EU, even if Britain has substantially the […]
Saudi Arabia expected to ramp up investment in solar energy
Saudi Arabia is poised to make major investments in solar and wind energy to bring down the amount it spends for oil-fired electric generation, industry experts say. The kingdom burns more oil to generate electricity […]
Talks progress on Hong Kong-Chinese bond-trading link
Preliminary discussions are underway between Hong Kong and Chinese officials that could create a connection to simplify and accelerate bond trading between the jurisdictions, said Norman Chan Tak-lam, CEO of the Hong Kong Monetary Authority. […]
Foreign investors struggle to buy US corporate bonds
Foreign investors are hindered in obtainment of dollar funding to buy US high-yield corporate bonds because of the rising cost of currency hedges, data from Bank of America Merrill Lynch suggest. Purchases abroad have declined […]
Italian leader struggles with banking crisis
The first big challenge confronting Italian Prime Minister Paolo Gentiloni is finding a way to rescue the country’s troubled banks. He has proposed borrowing €20 billion to bail them out but will first need approval […]