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Global growth worry hits stocks, but US data lifts dollar

NEW YORK, Dec 15 ― A gauge of global stocks tumbled yesterday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro…


SoftBank aims to raise US$23b on Japan mobile unit IPO

TOKYO, Dec 10 — Telecoms giant and technology investor SoftBank Group aims to raise over US$23 billion by listing its Japanese mobile unit next week in one of the biggest tech IPOs in years. In a statement, the group confirmed today it had…


Say goodbye to promos, Grab’s top Singapore exec won’t engage in price war with Gojek

SINGAPORE, Dec 10 — Commuters hoping for a return of Grab promotions as the ride-hailing giant takes on new entrant Gojek will be disappointed, as its top executive here said that the perks will not make a comeback. But the firm has taken in…


Report: Uber filed paperwork for IPO

WASHINGTON, Dec 8 — Ride-share company Uber quietly filed paperwork this week for its initial public offering, the Wall Street Journal reported late yesterday. The move comes one day after rival Lyft launched the process to take the company public…


Ride-hailing firm Lyft Inc files for IPO

NEW YORK, Dec 6 — Ride-hailing company Lyft Inc today filed with the US Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut. The company, which was last…


Trump says if no China trade deal possible, 'I am a Tariff Man'

WASHINGTON, Dec 5 — US President Donald Trump yesterday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences. Trump said his team…



Go-Jek launches beta app for ‘thousands’ of users in Singapore

SINGAPORE, Nov 29 — Ending months of anticipation, Go-Jek has swooped into Singapore with its beta mobile application today, with the ride-hailing service made available to commuters in batches to balance “ride demand and service…


Cryptocurrencies to survive selloff, says Allianz's El-Erian

NEW YORK, Nov 28 — Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said…


Tada Taxi aims to be mother of all taxi-booking apps in Singapore

SINGAPORE, Nov 15 — Commuters looking to book a taxi ride without having to deal with surge pricing now have a new option. Tada Taxi, a new app launched today with a pool of 2,000 cabbies, aims to get taxi drivers of all stripes on board. Unlike…