Uber raises $3.5 billion from Saudi Arabia’s sovereign wealth fund
SAN FRANCISCO (Reuters) – Uber has raised $3.5 billion from Saudi Arabia’s sovereign wealth fund, the U.S. ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle East.
Japan transport ministry denies imminent Suzuki raid over mileage tests
TOKYO (Reuters) – Japan’s transport ministry on Thursday said it had yet to decide whether to conduct a raid on Suzuki Motor Corp over its use of improper fuel economy tests, denying a report by the Asahi newspaper that it was planning a raid.
Nasdaq CEO sees strong interest from Chinese firms for U.S. listings
HONG KONG (Reuters) – Nasdaq Inc sees “very strong” interest from Chinese companies to list in the United States, Chief Executive Officer Robert Greifeld said on Thursday, despite a recent spurt in delistings from mainland firms looking for higher valu…
Exclusive: Thailand’s PTT studies proposal for retail business IPO – sources
HONG KONG/SINGAPORE/BANGKOK (Reuters) – Thailand’s biggest energy company PTT is examining a proposal to list its retail marketing business and is expected to complete the study in the third quarter of this year, the state-backed company’s investor rel…
Temasek, GIC buy $1 billion in Alibaba stock in SoftBank sale
(Reuters) – Singapore state funds bought $1 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8.9 billion sale by Japan’s SoftBank Group Corp, Alibaba’s biggest shareholder, the company said on Wednesday.
Trump presidency? Bank of America CEO Moynihan says company will be fine
(Reuters) – Bank of America Corp Chairman and Chief Executive Officer Brian Moynihan on Wednesday played down the impact on the bank if Donald Trump is elected as the next president of the United States.
Granddaughter of Sumner Redstone backs Viacom’s directors
(Reuters) – Sumner Redstone’s granddaughter Keryn said on Wednesday she plans to support the independent directors of Viacom Inc to help free the 93-year-old media mogul from the “clutches” of his daughter, Shari.
McDonald’s nears deal to shift headquarters to Chicago: report
(Reuters) – McDonald’s Corp is nearing a deal to shift its headquarters to the former Harpo Studios campus in Chicago from Oak Brook, Illinois, Crain’s Chicago Business reported.
Early days, but Apple Pay struggles outside U.S.
(Reuters) – More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks.
Some new cars still include defective Takata airbags
WASHINGTON (Reuters) – Toyota Motor Corp , Fiat Chrysler Automobiles NV , Volkswagen AG and Mitsubishi Motors Corp are still selling new vehicles with defective air bags that will eventually need to be recalled, according to a report by a U.S. lawmak…
