UberMOTO is now made available in Bangkok competing GrabTaxi's GrabBike. Due to the staggering loss it incurred in China, Uber finds Bangkok as a fit location to pilot its motorcycle service program that will give two free rides to first-time riders until March 15 as its celebratory offer.
Sectors
Dollar rising as Nikkei further moves up
US dollar against Yen is rising as renewed buying support is propelling Japan's Nikkei index upwards. The priority shift among some investors from traditional safety net of Japanese currency to equities was the major reason on Nikkei's rise. The market players are eagerly waiting for the outcome of G-20 meeting this weekend in Shanghai.
Jacob Zuma fails to fulfill economic promise to South Africa
President Jacob Zuma is at the center of criticism over lack of infrastructure facilities to attract foreign capital and global companies. All quarters of the society are calling for government's commitment to restore business confidence on South Africa.
Sands China Foresees Recovery in Macau Casino Industry as The Company Prepares Its Newest Parisian Resort
China’s leading developer and operator of integrated casinos in Macau, Sands China, anticipate the casino industry recovery after a prolonged decline in revenues. The company is also preparing to finish its newest project, The Parisian Macao, to be launched later this year.
New Jersey Biotech Startup Visikol Received $500,000 Investment from Foundation Venture Group
Visikol Inc is a biotech company with focused on tissue visualization. On Tuesday, the company has secured a commitment from Foundation Venture Capital Group
Latest News
Former Hong Kong music popstar turned venture capitalist Andrew Chung established his own firm 1955 capital. With a $200 million fund, he expects to bring clean technology to China.
The Series A round was announced on Wednesday. The company has also licensed the rights for multiple immuno-oncology programs from Stanford University.
NASA is seeking new algorithms that could enable its Robonaut 2 to see better, despite the worn out sensors due to constant radiation. Coders can participate in a competition held by NASA and submit algorithms that could solve the problem and could also work with the humanoid’s existing central system and machinery.
Due to the increased sale of Airbus superjumbo A380, the company's earnings rose to 1.6% last year. The aircraft maker is hoping another boost in its earnings this year because of the overwhelming order bookings from different countries.
Led by technology sector, venture capital (VC) investments in Canada reached 10 year high in 2015. Canadian Venture Capital & Private Equity Association (CVCA) said 536 deals in funding for entrepreneurs raised $2.25 billion in 2015.
Indian smart phone market is witnessing robust growth rate and attracting foreign venture capitalists (VCs). The home-grown apps are creating more demand for venture capital. India is second largest market for smartphones after China.
Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and government representatives. Foreign investors have called for more reforms and policy changes among African nations.
The new budget for South Africa may witness a major focus on government spending, sluggish global economy and inflation. The debt component is also increasing to about 50 percent of GDP. Global rating agencies have downgraded South Africa's sovereign credit rating.
Takata airbag issues face many discrimination aside from fines and lawsuit resulting to sales decline along with other automakers who recalled their vehicles. The automakers formed an independent coalition and hired Utah-based Orbital ATK to conduct the investigation who discovered three factors that cause airbag rupture.
