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S Korea to launch $100m fund for biotech startups


South Korea’s goal is to become a global biotech and medical industry hub viewing the sector as its next growth engine after IT.

Saudi Aramco valuation seen topping $1t after tax cut

The cut will increase Aramco’s after-tax income by 300%.

Silicon Valley startups favour IPOs over deals as M&A languishes

Tech firms betting on public listing than being acquired.

Amazon clinches deal to acquire Dubai-based online retailer has agreed to acquire Middle East online retailer, the two companies said in a joint statement on Tuesday. The value of the deal was not disclosed. “By becoming part of the Amazon family, we’ll be able to vastly expand our delivery capabilities and customer selection much faster, as well… Read more »

Brookfield finds solar ‘entry point’ after SunEdison’s collapse

Brookfield is about to make its first major move into solar power.

US medical device firm VTI raises $22m on ASX listing

US-based medical device company Visioneering Technologies Inc (VTI) has raised up to $22.3 million (A$33.3 million) following the close of its Initial Public Offer (IPO) on Monday (March 27) on the Australia Stock Exchange. VTI CEO Dr Stephen Snowdy said, the company is now looking to significantly accelerating the commercialisation of… Read more »

Saudi Aramco tax slashed to prepare oil producer for giant IPO

Aramco’s tax is being cut to 50% from 85%.

Crestmount Capital to put $76.3m in Australian realty player Piety Investments

Piety Investments has secured A$100m from Crestmount Capital.

Syngenta eyes Bayer assets in whirlwind of agrochem deals

M&As are reshaping the agrochemical industry.

Emirates Global said to pick banks for $3b share sale

It is working with BoA, Goldman Sachs, JPMorgan on the share sale,