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Business 23 May 2019 | 12:19 AM Premium

Uber and Lyft to turn the wheels on car ownership

TORONTO: Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday.

Business 17 May 2019 | 12:00 AM Premium

Temasek’s Vertex raises US$230mil for South-East Asia fund

SINGAPORE: Vertex Venture Holdings Ltd raised US$230mil in the first close of its fourth South-East Asian fund to back technology startups across the region and India.

Business 16 May 2019 | 10:24 PM Premium

Wall St. rises for third straight day on data, earnings

NEW YORK: Wall Street closed higher on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge.

Business 15 May 2019 | 10:33 PM Premium

Wall St. ends higher as trade worries ease

NEW YORK: U.S. stocks closed higher on Wednesday as reports that U.S. President Donald Trump would hold off on imposing tariffs on imported cars and parts eased growth concerns even as economic data disappointed investors

Business 15 May 2019 | 12:00 AM Premium

SoftBank slump reaches US$16bil as ride-hailing lustre dims

TOKYO: In the months leading up to Uber Technologies Inc’s market debut, Masayoshi Son made a habit of pointing out that SoftBank Group Corp is the world’s largest investor in ride-hailing companies. Suddenly, it doesn’t seem like such an enviable position.

Business 14 May 2019 | 3:59 AM Premium

SoftBank slump reaches US$16b as ride-hailing lustre dims

TOKYO: In the months leading up to Uber Technologies Inc.’s market debut, Masayoshi Son made a habit of pointing out that SoftBank Group Corp. is the world’s largest investor in ride-hailing companies. Suddenly, it doesn’t seem like such an enviable position.

Business 14 May 2019 | 12:06 AM Premium

Uber stock’s plunge is blemish on IPO market

The shares fall for a second day, putting them 18% below the initial-public-offering price

Business 14 May 2019 | 12:00 AM Premium

SoftBank’s Vision Fund invests US$800mil in Britain’s Greensill

BENGALURU: Financing group Greensill Capital has confirmed SoftBank Group Corp’s Vision Fund has invested US$800mil in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges.

Business 13 May 2019 | 2:36 PM Premium

Uber shares fall for second day after ill-fated IPO; Lyft follows

NEW YORK: Uber Technologies Inc shares fell as much as 10% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors' faith in its ability to make profits.

Business 11 May 2019 | 12:00 AM Premium

Should you buy gold?

HARRIS Shah has been buying gold as an investment for the last eight years.