Uber acquires Foodpanda Taiwan for $950 million, strengthening its Asian market hold
In a move to solidify its dominance in the Asian market, Uber Technologies is acquiring Delivery Hero’s Foodpanda business in Taiwan for a whopping US$950 [more…]
Category: Investing & Markets
GameStop shares surge as “Roaring Kitty” returns to the limelight
In a turn of events, GameStop’s stock soared by over 40% on Monday following the reappearance of “Roaring Kitty,” the pseudonymous trader whose rallying cries [more…]
Shein shifts IPO focus to London in response to U.S. regulatory challenges
Shein is shaking up its IPO plans, pivoting towards a London listing following obstacles in the U.S. market. Despite initial intentions to go public in [more…]
Roblox adjusts annual forecast amid economic uncertainty, shares fall
Roblox, the popular video-gaming platform, has adjusted its annual bookings forecast, signaling a shift in consumer spending habits amidst economic uncertainty and rising inflation. The [more…]
SM Investments Q1 net income up 6% on Philippines’ economic growth
SM Investments Corp. (SMIC) has reported a six percent increase in net income, reaching P18.4 billion ($313 million) in the first quarter, up from P17.3 [more…]
Sweden’s central bank cuts interest rate to 3.75% as economy struggles, signals further easing ahead
In a move widely anticipated by financial markets, Sweden’s central bank announced a reduction in its key interest rate from 4.00% to 3.75% on Wednesday. [more…]
PSC Insurance welcomed into Ardonagh Group’s fold, set to bolster Australian presence
In a move set to shake up the insurance landscape, Australia’s PSC Insurance is poised to be acquired by the UK’s Ardonagh Group in a [more…]
Peloton’s bumpy ride, a tale of debt, losses, and private equity interest
In a twist of fate for the once-celebrated fitness brand, Peloton has found itself at the center of buyout talks with private equity firms. The [more…]
Indonesia’s growth momentum tested by tight monetary policy and export weakness
Indonesia’s economy displayed steady growth in the first quarter, driven by robust domestic consumption, but challenges such as tight monetary policy and export weakness may [more…]
Robinhood faces SEC enforcement threat over crypto business, stock suffers pre-market dip
In a regulatory filing that raised eyebrows on Monday, popular trading platform Robinhood revealed that the Securities and Exchange Commission (SEC) had issued a Wells [more…]