LUXEMBOURG > Lawson Conner Group and Fuchs Asset Management team up to expand its ManCo services to offer a one –stop solution to its international client base

Lawson Conner logo Two leading investment management firms have collaborated for one- stop solution for ManCo services into Luxembourg. Lawson Conner Group is teaming up with Fuchs Asset Management. Lawson Conner Group is a compliance and regulatory outsourcing firm while Fuchs Asset Management is the asset management arm of a well-established, family-run finance group, located in Luxembourg, Belgium and Switzerland. According to Gerhard Grueter, Managing Director of Lawson More …

GERMANY > Invest Chile, a state agency to promote investment in Chile, opens its European office in Frankfurt, Germany

investchile logo On its drive to attract more foreign investment in clean energy technology, innovation and entrepreneurship, Chile has opened its InvestChile office in Frankfurt, Germany. The objective of this office is to provide services, networks and guidance to potential European investors. Chile main two foreign investments in 2016 sectors were renewable energy and mining. Chile produces two thirds of the solar More …

USA > Japan based SoftBank buys Boston Dynamics from Google

Boston Dynamics logo Boston Dynamics, a Google owned robotic company, has finally been sold to SoftBank for an undisclosed price after being on sale for over a year. Boston Dynamics is famous for making robots such as human like Atlas; animal based BigDog, Spot and Wildcat, a jumping Sand Flea and Handle. The deal also included less known robotics company called Schaft that More …

UAE > JOCIC, a consortium of Chinese firms, invests $300 million in Abu Dhabi Ports

kizid Jiangsu Provincial Overseas Cooperation & Investment Company (JOCIC) has signed a 50 years agreement with Abu Dhabi Ports to initially invest $300 million to lease and develop 0.8 square miles (2.2 square kms) Abu Dhabi port. At Khalifa Industrial Zone Abu Dhabi (Kizad), according to Reuters, Mohamed Juma al Shamisi, Chief executive officer of Abu Dhabi Ports told that this More …

NEPAL > IFC and FMO invests US$ 5.5 MM on Fairfield Marriott Hotel

MarriottInternational.svg The International Finance Corporation (IFC) and FMO (a Dutch development bank) together have invested $5.5 million to develop Fairfield Marriott in Thamel, at the heart of the city of Kathmandu. IFC and FMO will be splitting their investment ($2.75 million each) into the company called Nepal Hospitality and Hotel Pvt Ltd. which will be operating the three-star mid market hotel with More …

SINGAPORE > Italy’s Ferrero Opens Singapore Innovation Center

ferrero According to Ferrero’s press release, the company officially launched its Innovation Center in Singapore: the company’s first Asian innovation center. The center is designed to strengthen Ferrero’s position by furthering innovation in the areas of health and nutrition, new raw materials, product research and development and consumer insight. Ferrero’s decision to open the Innovation Center in Singapore is “motivated by its strategic location More …

ENGLAND > Japan based Hitachi Expands into England’s Elevator (Lift) Market though Acquisition

Hitachi Japan based Hitachi, Ltd. has acquired London based Temple Lifts Ltd. to enter the European elevator/lift market. Hitachi will be leveraging Temple Lifts’ sales channels, knowledge, existing know-how and technology, and existing maintenance contracts (approx. 5000) to initiate its entry. According to Hitachi’s press release, it has been expanding its elevator business in China, India, Middle East and other Asian More …

INDIA > Germany’s BASF Group inaugurates new Innovation Campus in Mumbai, India with an investment of $53.8Mn

BASF-Logo_bw.svg Germany based BASF Group inaugurated its new Innovation Campus Asia Pacific in Mumbai, India. The project with an investment of €50Mn ($53.8Mn) is the group’s largest R&D center in South Asia. The new investment will be able to help employ around 300 scientists. The R&D center is expected to serve industries like automotive, food and nutrition.   About BASF BASF is More …