SHANGHAI (Reuters) - Asian stocks edged higher on Thursday and European markets looked set to follow as investors bet that robust U.S. economic growth will offset the drag from the Sino-U.S. trade war for a while longer. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018. REUTERS/Aly Song/File … [Read more...] about Shares inch up as trade woes take backseat to buoyant U.S. markets
U s growth funds
The U.S. is spending hundreds of millions of dollars on agricultural projects in Afghanistan, including irrigation canals linked to opium and heroin production. Drugs from Afghanistan have been implicated in three-quarters of fatal heroin overdoses worldwide, including deaths from the opioid crisis gripping the United States.John Sopko, U.S. Special Inspector General for … [Read more...] about SIGAR: U.S. Funding Afghan Irrigation Canals Used in Heroin Production
London-based market research firm GlobalWebIndex has raised $40m (£30.4m) series A first round from Stripes Group, a New York growth fund that has previously backed the likes of Refinery29, Grubhub and Udemy. Founded in 2009, GlobalWebIndex has consistently doubled its headcount and revenues year on year without seeking any outside funding, and includes the likes of … [Read more...] about Yougov challenger GlobalWebIndex raises $40m from Refinery29’s growth fund backer
NEW YORK (Reuters) - Andra Capital, a U.S. technology fund, has raised $500 million in funding for a new digital currency that investors can use to back a group of late-stage venture capital (VC) firms, the firm’s managing partner Haydar Haba told Reuters. The new token is called Silicon Valley Coin (SVC), built on the Ethereum blockchain, representing investments in … [Read more...] about U.S. tech fund Andra raises $500 million for new digital coin
Hoping to give Europe’s surging startup ecosystem a shot of adrenaline, the European Union today announced the creation of a massive new funds-of-funds program dubbed VentureEU. So far, the EU has committed $505 million of its own budget to the project, which now faces the challenge of raising the balance of the $2.6 billion fund from private investors. VentureEU will … [Read more...] about EU wants to pump $2.6 billion into Europe’s VC funds to close investment gap with U.S.