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Forbes publisher sold to Asian investors

The publisher of the US business magazine Forbes said Friday a controlling stake in the group had been sold to a Hong Kong-based investment consortium.

 

Facebook buys video ad technology firm

Facebook has acquired LiveRail - a tech start-up that helps companies place more relevant ads in the videos that appear on their websites and apps.

   

Google buys Songza streaming music service

Google on Tuesday said that it has bought Songza, a free online streaming music service that recommends tunes based on what people might be in the mood to hear.

   

Peugeot, Dongfeng choose town in west China for new plant

French auto group PSA Peugeot Citroen has chosen to build its fourth factory in China with its new shareholder Dongfeng at Chendgu, a town in the west of China, the group said on Wednesday.

[ … ]
   

Kerry to lead US team for economic talks in China

US Secretary of State John Kerry and Treasury Secretary Jack Lew will lead the US delegation to the sixth meeting of the US-China Strategic and Economic Dialogue, the State Department said M [ … ]

   

Asian shares down after Wall St losses

Asian markets were mostly lower on Friday following losses on Wall Street fuelled by anaemic US consumer spending, while the dollar and euro extended losses against the yen.


   

More than 5.5 billion euros was invested in wealth funds

Top sovereign wealth funds increase spend on European real estate by 30 per cent to 5.5 billion euros in 2013, according to a survey done recently by international real estate advisor Savill [ … ]

   

Japan consumer price growth at 32-year high

Consumer prices in Japan rose at an annual rate of 3.4% in May, the fastest pace in 32 years, as the effect of the sales tax hike started to be felt.

   

Physical gold contract to be launched on SGX in September

Marketplace will serve as a "fully transparent price discovery mechanism for gold in Asia", says Singapore Exchange.

   

Euro holds steady despite weak eurozone data

The euro held largely unchanged against the dollar on Monday, despite poor economic data for the 18-nation eurozone pointing to slowing growth, and a deeper contraction in France.

   

Euro pushes higher for second session

The euro climbed against the dollar for a second straight day on Thursday despite comments from the International Monetary Fund that eurozone growth was too weak and inflation "worryingly lo [ … ]

   

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