Business
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Grab secured $1 billion in fresh funding for expanding in Indonesia
Aug 2, 2018Singapore-based Grab said on Thursday it has secured $1 billion in fresh funding and will consider raising further cash, as the ride-hailing firm aggressively expands in Indonesia, Southeast Asia’s biggest economy. The latest fundraising comes less... -
Qualcomm expects to bring in more than $1 billion in sales from semiconductor chips from smart watches, connected speakers
Aug 2, 2018Qualcomm Inc said Thursday it expects to bring in more than $1 billion in sales this fiscal year from semiconductor chips from smart watches, connected speakers and other devices outside its core business of chips for... -
Grab to announce new investment of $1 billion
Aug 1, 2018Southeast Asian ride-hailing company Grab is set to announce that it has secured new investment of $1 billion that will help it grow its payments business, a source familiar with the matter said. The funding will... -
Nissan has begun producing the Nissan Frontier in Argentina
Aug 1, 2018Nissan has begun producing the Nissan Frontier in Argentina, making it the fifth country to manufacture the company’s most popular pickup as global demand continues to grow. The expansion of Nissan’s global manufacturing footprint, at Alliance-partner... -
Toyota Motor North America reported July 2018 sales of 208,770 units vehicles
Aug 1, 2018Toyota Motor North America (TMNA) reported July 2018 sales of 208,770 units. With one less selling day in July 2018 compared to July 2017, sales were down 2.1 percent on a daily selling rate (DSR) basis... -
Tokyo stocks opened higher on Wednesday
Aug 1, 2018Tokyo stocks opened higher on Wednesday with investors cheered by positive earnings from major firms as they digested the Bank of Japan’s minor changes to its ultra-loose monetary policy. The benchmark Nikkei 225 index was up... -
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year
Aug 1, 2018Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the... -
Bitcoin fell 5 percent on Tuesday
Aug 1, 2018Bitcoin fell 5 percent on Tuesday, briefly going to a one-week low below $7,700 as investors further scaled back their holdings of digital currencies, reports Reuters. At 10:19 a.m. (1419 GMT), the world’s biggest and best-known... -
Uber achieved a milestone in the South Asia region as they rolled past the one billion mark
Aug 1, 2018The world’s largest ridesharing company, Uber, has achieved another milestone in the South Asia region as they rolled past the one billion mark. The billionth trip occurred in the city where Uber took its first trip... -
Asian markets opened lower on Monday
Jul 30, 2018Asian markets opened lower on Monday, following Wall Street’s downbeat finish last week on fears that US economic growth has peaked, and with investors watching the Bank of Japan’s meeting. On Friday, data showed the US...