Toyota to invest $1 billion in Southeast Asian ride-hailing firm Grab
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies…
Toyota Motor to invest $1 billion in ride-hailing firm Grab
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought Uber Technologies’ regional business.
Investors wipe $3 billion off China’s ZTE market value after U.S. settlement
HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government.
China’s ZTE plunges 38 percent in resumed trade after $1.4 billion U.S. settlement
HONG KONG (Reuters) – The Hong Kong-listed shares of China’s ZTE Corp were set to slide 38 percent on Wednesday following a two-month trading suspension after it agreed to pay up to $1.4 billion in penalties to the U.S. government.
Asian stocks step back as investors brace for Fed
TOKYO (Reuters) – Asian shares slipped back on Wednesday as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic U.S.-North Korea summit in Sing…
Qualcomm will not exit data center business, chip chief says
(Reuters) – Qualcomm Inc has no plans to abandon its efforts to create processors for data centers, the company’s president, who oversees the chip division, said.
Oil prices fall on prospect of rising supplies
SINGAPORE (Reuters) – Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary production cuts led by producer cartel OPEC could be loosened.
Blackstone in agreement to acquire Australia’s Investa Office Fund for $2.3 billion
(Reuters) – Australia’s Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire real estate investment trust for A$3.08 billion ($2.3 billion…
Sorrell’s downfall set to dominate WPP investor meeting
LONDON (Reuters) – Investor anger over the departure of WPP boss Martin Sorrell will burst into the open on Wednesday when shareholders tackle management over its handling of a boardroom battle that has gripped the British corporate scene.
S&P 500 ends up; Time Warner shares jump after hours
NEW YORK (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, boosted by gains in the technology and utilities sectors, and shares of media and telecom companies jumped in extended trade after AT&T won court approval to buy Time Warner.
