Exclusive: Lyft close to selecting IPO adviser – sources
SAN FRANCISCO (Reuters) – Lyft Inc is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter.
Toshiba $18 billion sale of chip unit finally signed, legal challenges remain
TOKYO (Reuters) – Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not its last – hurdle as it scrambles for funds to stave off a potential d…
Trump tax plan sends dollar, bond yields higher
LONDON (Reuters) – The dollar and global borrowing costs rose on Thursday after President Donald Trump proposed the biggest shake-up of the U.S. tax system in three decades and strong data supported the case for another Federal Reserve rate hike later …
Toshiba signs deal to sell chip unit to Bain-led group for $18 billion
TOKYO (Reuters) – Japan’s Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not its last – hurdle as it scrambles for funds to stave off a potential …
Bitcoin blow as fund drops U.S. exchange application
(Reuters) – An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn.
Dollar, bond yields rise on Trump tax plan; Asia stocks fall
TOKYO (Reuters) – The dollar and U.S. bond yields rose on Thursday after President Donald Trump proposed the biggest U.S. tax overhaul in three decades and as strong U.S. economic data supported the case for a Federal Reserve rate hike later this year….
Millionaires’ wealth reached record $63.5 trillion globally in 2016: study
HONG KONG (Reuters) – The number of millionaires in the world rose by nearly 8 percent last year to an all-time high of around 16.5 million people, with record total wealth of $63.5 trillion, according to a report by global consultancy firm Capgemini.
Toyota to form electric car technology venture with Mazda
TOKYO (Reuters) – Toyota Motor Corp has established a new venture to develop electric vehicle technology with partner Mazda Motor Corp , seeking to catch up with rivals in an increasingly frenetic race to produce more battery-powered cars.
ZhongAn surges in HK debut, boding well for future tech listings
HONG KONG (Reuters) – ZhongAn Online Property & Casualty Insurance Co jumped 18 percent on debut on Thursday after the biggest ever IPO by a financial technology firm in Asia, boosting Hong Kong’s hopes of luring future Chinese technology startups away from New York.
Toyota, Mazda set up venture to develop electric cars
TOKYO (Reuters) – Toyota Motor Corp and Mazda Motor Corp said on Thursday they were forming a joint venture to develop electric cars, seeking to catch up with global rivals in the market for battery-operated vehicles.
