FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo(Reuters) – Grab Holdings Inc is in talks to go public through a merger with a special purpose acquisition company that could value the ride-hailing giant at nearly $40 billion, making it the […]
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PARIS (Reuters) – The COVID-19 situation in greater Paris is “especially worrying” and the government will take extra restrictive measures there if the pandemic continues at its current pace, France’s health minister said on Thursday.FILE PHOTO: French Health Minister Olivier Veran speaks during a press conference on the French government’s current strategy for the ongoing coronavirus disease (COVID-19) pandemic, in […]
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FRANKFURT (Reuters) – Electric vehicle charging group Ionity, whose owners include Volkswagen and Daimler, is looking to sell a minority stake to rake in 400 million-500 million euros ($479 million-597 million), three people familiar with the matter said.FILE PHOTO: An Ionity electric vehicle charging station is pictured on the motorway service station “Dresdner Tor Sued” near Dresden, Germany, August 27, […]
Read more* Mozambique remains on hook for around $2 billion * Decision likely to delay country’s efforts to remove liability for some of the debt * Privinvest welcomes ruling JOHANNESBURG, March 11 (Reuters) – Mozambique’s claims against shipbuilder Privinvest, at the centre of a $2 billion debt scandal, fall under an ongoing arbitration process, Britain’s appeals court found on Thursday, in […]
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Bumble stock skyrocketed as much as 18% on Thursday. The online dating platform posted 31% revenue growth in its first public earnings report. Bumble increased total paying users to 2.7 million in the quarter. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bumble stock skyrocketed as much as 18% on Thursday after revenue topped analysts’ […]
Read moreRed hot IPO trend will continue in 2021: Expert Yext CFO Steve Cakebread says more firms — especially tech companies — will go public in 2021 and that direct primary listings will involve more investors. Coupang LLC shares surged 81% in its opening trade on the New York Stock Exchange. The Seoul-based e-commerce company, often dubbed the Amazon of South Korea, opened […]
Read moreWASHINGTON (Reuters) – President Joe Biden is nominating former Federal Reserve economist Nellie Liang as the Treasury’s Under Secretary for Domestic Finance, the White House said on Thursday. Liang, a senior fellow at the liberal Brookings Institution think tank, was the Fed’s first director of financial stability, analyzing system risks in the years following the financial crisis and Great Recession. […]
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(Reuters) – Shares of Coupang, South Korea’s largest e-commerce company, were set to open up to 43% above their offer price on Thursday, after the company raised $4.6 billion in the biggest U.S. initial public offering this year.FILE PHOTO: Delivery trucks for e-commerce retailer Coupang leave a distribution centre in Seoul, South Korea, June 21, 2018. REUTERS/Josh SmithAt 10:13 a.m. […]
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FILE PHOTO: People walk over London Bridge during rush hour, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, March 4, 2021. REUTERS/Henry NichollsLONDON (Reuters) – Public Health England (PHE) on Thursday said a new coronavirus variant had been identified in the UK in two people who had recently been in Antigua, adding that it shared some traits of others […]
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