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Uber China closes $1 billion fundraising round: Sources Uber China closes $1 billion fundraising round: Sources With the close of the $1 billion round, Uber is re-lining its war chest for a drawn out battle with Chinese car-hailing app rival Didi Kuaidi, which last month raised $2 billion.
'Don't blame yuan devaluation for global market rout' 'Don't blame yuan devaluation for global market rout' China`s devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told Reuters on Thursday.
ECB faces inflation headache even as lending bounces ECB faces inflation headache even as lending bounces Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation.
Asian shares cheered by Wall Street rally Asian shares cheered by Wall Street rally Comments from a senior US Federal Reserve official that the case for a rate rise in September had weakened and upbeat durable goods data also boosted sentiment, pushing up the dollar.
US economy grew 3.7% in second quarter US economy grew 3.7% in second quarter The revised number for gross domestic product was initially reported at 2.3 percent.
Acer founder says open to takeover amid stock price slide Acer founder says open to takeover amid stock price slide Acer Inc founder Stan Shih said he would welcome a takeover of the struggling Taiwanese computer maker after a steep fall in its share price, while warning any potential buyer would pay a heavy price.
Eurozone loans to private sector increase: ECB Eurozone loans to private sector increase: ECB The ECB regards M3 money supply as a barometer for future inflation.
Wall Street is for sale - but is it cheap? Wall Street is for sale - but is it cheap? During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains - and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive.
Panasonic to stop making batteries in Beijing, cut 1,300 jobs Panasonic to stop making batteries in Beijing, cut 1,300 jobs The plant, which produces batteries for mobile phones and cameras mainly for non-Japanese brands, has been struggling to boost profitability, the paper said.
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