SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than US$13 billion when the company goes public next month.
SINGAPORE: The Monetary Authority of Singapore (MAS) on Friday (Apr 12) kept its exchange rate-based monetary policy unchanged after tightening twice last year, in line with market expectations. In a statement for its semi-annual policy review, the central bank said it will maintain the current ...
SINGAPORE: The Singapore economy grew 1.3 per cent in the first quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Friday (Apr 12). Gross domestic product grew by 1.3 per cent year-on-year in the January to March period, down from 1.9 per cent in the ......
NEW YORK: Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. The document gave the first comprehensive financial picture of the decade-old company which was started after ......
NEW YORK: Shares of Tesla fell on Thursday (Apr 11) following a report the electric car company and electronics giant Panasonic are suspending plans to expand a battery plant due to weak demand for the vehicles. Tesla Motors, which is led by Elon Musk, finished at US$268.42, down 2.8...
SAN FRANCISCO: Uber filed documents on Thursday (Apr 11) for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing. The filing with the Securities and Exchange Commission ...
NEW YORK: Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. The document gave the first comprehensive financial picture of the company which was started in 2009 after...
NEW YORK: Uber Technologies Inc on Thursday filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO), taking it a step closer to one of the largest technology stock listings of all time. The Uber filing gives the first comprehensive financial picture of ......
U.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season.
NEW YORK: Wall Street stocks finished a quiet session mostly lower on Thursday (Apr 11) as investors looked ahead to bank results that will kick off first-quarter earnings season. The Dow Jones Industrial Average dipped 14.11 points (0.05 per cent) to finish the day at 26,143.05. The broad-based ...
