BRASILIA (Reuters) – Brazil’s official interest rates and the average cost of servicing its public debt have never been lower, but investors are becoming worried that the government could face a funding crisis next year. The premium that investors demand to le... More »
(Reuters) – Several Silicon Valley firms backed by venture capitalists were unsure over whether to apply for a U.S. pandemic aid program, but data analyzed by CB Insights shows a big chunk of companies that raised funds this year also applied for the aid. Some... More »
(Reuters) – Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during the coronavirus crisis. The San Francisco-based sta... More »
MUMBAI (Reuters) – The International Tennis Federation (ITF) has said it is working on additional measures, including a new relief fund, to support lower-ranked professionals who have been left in the lurch due to coronavirus-led lockdowns. The professional te... More »
(Reuters) – The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source close to the firm said on Wednesday. Benchmark is... More »
LONDON (Reuters) – Dollar borrowing costs in the foreign exchange swap markets retreated further on Monday, with swap rates against the euro and pound falling to their lowest levels in more than a decade. These moves indicate recent emergency actions by global... More »
BEIJING (Reuters) – China’s local governments will suffer an “interim impact” on fiscal revenue and expenditure from the virus epidemic that the country has so far allocated 99.5 billion yuan ($14.16 billion) to fight, a finance ministry official said on Monda... More »
LONDON (Reuters) – Flybe, a regional British airline, is in talks to secure new financing to help it survive reported Sky News. When asked about the report, Flybe said it didn’t comment on rumor or speculation, while the UK government’s Department for Transpor... More »
ISTANBUL (Reuters) – Istanbul has secured 110 million euros ($121 million) of financing from Deutsche Bank (DBKGn.DE) for an underground transport project, the mayor of the Turkish city said on Sunday. Speaking at a news conference, Ekrem Imamoglu gave no furt... More »
TOKYO (Reuters) – Apple Inc (AAPL.O) supplier Japan Display Inc (6740.T) said it aims to clinch a deal for least 50 billion yen ($468 million) in vital funding by the end of the month, having had to scramble after a Chinese investor group suddenly pulled out o... More »
MUMBAI (Reuters) – From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in India, catching the attention of investors keen to join the space r... More »
(Reuters) – Collective Health, which makes software for companies to pay workers’ health costs directly, said on Monday it had raised $205 million in new funding led by SoftBank Group Corp’s Vision Fund. The San Francisco, California-based company said it woul... More »
(Reuters) – Billionaire entrepreneur Elon Musk’s SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space. The c... More »
BUENOS AIRES (Reuters) – Amid a swirling economic crisis and protests over budget cuts for research in Argentina, one scientist has found a novel way to fundraise: winning money on a television game show. Marina Simian, a biologist for Argentina’s National Sci... More »
LONDON (Reuters) – London remained the top destination in Europe for technology investment in 2018, with nearly double the amount being plowed into companies in the British capital than nearest rival Berlin, data showed on Wednesday. Technology companies in Lo... More »
SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. Six-... More »
(Reuters) – Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O). Uber will work with Lime as a strategic partner in the electric scooter space wi... More »
(Reuters) – Elon Musk-led SpaceX Corp is raising $507 million in a new round of funding, valuing the company at around $26 billion, according to a filing seen by Reuters. New articles of incorporation filed by the company last week and sent to Reuters by priva... More »
GENEVA (Reuters) – The number of pension funds and asset managers that refuse to invest in nuclear armament makers appears to be growing, although financing is still abundant, an annual survey by anti-nuclear campaigners said on Wednesday. The report, entitled... More »
A girl wearing a mask looks out a car window as rain drops are seen in Taif June 7, 2014. REUTERS/Mohamed Alhwaity CHICAGO (Reuters) – The U.S. government on Tuesday lifted a 2014 temporary ban on funding research involving the flu and other pathogens in which... More »
While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. More »
President Donald Trump on Tuesday said that the Republican push to repeal Obamacare may require additional money for healthcare, but he did not specify how much more funding would be needed or how it might be used. More »
Post-it notes are displayed in the UBS ”fintech lab” at Canary Wharf in London, Britain, October 19, 2016. REUTERS/Hannah McKay Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” co... More »
A smartphone app for Lyft drivers is seen during a photo opportunity in San Francisco, California February 3, 2016. REUTERS/Stephen Lam Ride-services company Lyft has raised $600 million in fresh funding, fuel for the company’s growth as it continues to compet... More »
Switzerland-based ShapeShift, a digital currency exchange, said on Wednesday it has raised $10.4 million in capital from both U.S. and international venture capital investors to fund future expansion. More »
U.S.-based venture capital firm Blockchain Capital LLC said on Thursday it plans to raise $50 million for a third fund through capital from its partners and a sale of its own digital tokens. More »
A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in... More »
A 3D printed people’s models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustration TPX IMAGES OF THE DAY – RTSGKJ0 Airbnb Inc is looking to raise an additional $153 million as an extension of a r... More »
SAO PAULO The reliance of Brazil’s Grupo BTG Pactual SA on market funding may pose an immediate challenge for new boss Persio Arida, who sought to calm clients on Friday after its shares fell for a third straight day. The São Paulo-based investment bank tapped... More »
NEW YORK Half a dozen Republican presidential candidates are edging toward financial crisis, raising the specter that some may be forced to drop out of the sprawling field of contenders. They all spent more than they took in during the third quarter, according... More »
DAKAR Guinea, Liberia and Sierra Leone need a further $696 million in donor funding to rebuild their battered health services over the next two years in the wake of the deadly Ebola epidemic, senior World Health Organization (WHO) officials said on Monday. WHO... More »
