Business
Uber continues Asia retreat with sale to Grab
One of the most frequently used O2O mobile platforms in Southeast Asia, Grab is financed by the world's two largest global ride-hailing companies ( DiDi Chuxing and Uber ), and Japan's SoftBank Group, which is also Uber's investor. "As the only app left, Grab can easily increase prices", Pereira, 24, said. Grab ( founded in 2012 ) is now present in 195 cities in eight Southeast Asian countries ( Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia ...
Business
Remington bankruptcy: Nation's oldest gun maker files for Chapter 11
Privately held Remington Outdoor announced in mid-February that it had negotiated a restructuring deal with its major creditors and would file a prepackaged Chapter 11 reorganization plan. It is thought that gun sales slowed after Mr. Trump took office because firearms enthusiasts generally do not fear a Republican president will try to deprive them of their constitutional right to bear arms.
Business
China is about to shake up the oil futures market
The Shanghai International Energy Exchange has allocated a total storage capacity of 5.95 million cubic meters (37.42 million barrels) at six sites along China's coast to receive crude under these contracts. The country also hopes that yuan-denominated futures contracts will help its currency play a bigger role in the global economy. Speculative retail and institutional investors also propped up the launch-day's liquidity, said Chen Tong, Shanghai-based senior crude analyst at First Futures.
Business
The Latest: French gendarmerie chief praises slain officer
Mayor Eric Menassi of Trebes, a town of 6,000, said people there were forever marked. According to French police, Lakdim was on the watch list of intelligence services and was flagged in a database of radicalized militants. Dozens of others have been wounded. "He couldn't have done anything else, he wasn't someone who could shirk something", Nicolle Beltrame said of her son.
Business
Sensex plunges over 400 pts, Nifty cracks below 10000
Investors lost around Rs 1.57 lakh crore in market valuation on Friday. The Dow dropped 723 points to end at 23,958, the S&P 500 tumbled 68 points to close at 2,644 and the Nasdaq Composite Index lost 179 points to finish at 7,166.68. Vinod Nair, head of Research, Geojit Financial Services, said, "volatility expanded and market is losing its grip due to escalating tensions of trade war and spike in oil prices".
Business
Direct Flight From Perth to London to Conquer 'Last Frontier' of Aviation
The flight will be the world's second-longest after Qatar Airways' route from Doha to Auckland, which spans 14,529km, according to the International Air Transport Association. "We're getting close", Joyce told reporters in Perth on Saturday. "The response to the flight has been incredible, both for the attention it's received since we announced it and the bookings we've seen coming in".