Exclusive: China's Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

NEW DELHI (Reuters) – India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters. TikTok allows users to create and share short videos with special […]

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AP Exclusive: Private spy targeted critics of Kaspersky Lab

Keir Giles, a Russia specialist with Britain’s Chatham House think tank, poses for a photo in central London on Thursday, Feb. 28, 2019. Giles was one of three people targeted by an undercover agent calling himself Lucas Lambert. An Associated Press investigation has found that the operation appears to have been directed at critics of the Russian antivirus firm Kaspersky […]

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Exclusive: Bottle maker Verallia set for possible 4 billion euros IPO – sources

FRANKFURT (Reuters) – Buyout group Apollo is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said. The private equity firm, which is working with Lazard as its IPO advisor, has asked banks to pitch […]

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Unprompted, Sharon Bush Says Barbara Biography Is 'Ironic' & She Believes Rumors of H. W.'s Affair

Sharon Bush — who was married to former President George W. Bush’s brother Neil Bush for 23 years and shares three children with him — says a new biography has her reflecting on how her ex-mother-in-law, Barbara Bush, treated her in the wake of her headline-making 2003 split from Neil. In Susan Page’s The Matriarch, which includes interviews with Mrs. […]

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Exclusive: Grab eyes more funding after record $4.5 billion round in Southeast Asia

SINGAPORE (Reuters) – Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing round that included SoftBank’s Vision Fund. The Singapore-based firm continues to see strong interest from global investors after securing nearly $1.5 billion from the Vision Fund in […]

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Exclusive: Grab eyes more funding, after raising $4.5 billion in SE Asia's largest financing round

SINGAPORE (Reuters) – Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over $4.5 billion in the region’s largest private financing round that included SoftBank’s Vision Fund. The Singapore-based firm continues to see strong interest from global investors after securing nearly $1.5 billion from the Vision Fund in […]

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Exclusive: Carlyle in final talks to clinch $3.4 billion deal for Cepsa stake – sources

MADRID/LONDON/ABU DHABI (Reuters) – Private equity firm Carlyle Group is ahead of other contenders to buy a 30 percent stake in Spain’s Cepsa for up to 3 billion euros ($3.4 billion), just four months after owner Mubadala shelved a listing of the energy company, three sources familiar with the matter told Reuters. Carlyle, whose energy and natural resources division includes […]

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Exclusive: HSBC probe helped lead to U.S. charges against Huawei CFO

NEW YORK/LONDON (Reuters) – An internal investigation by HSBC Holdings PLC into Huawei Technologies’ connections to a suspected front company in Iran found that the Chinese telecommunications equipment maker maintained close financial ties to the firm years after purportedly selling the unit, documents reviewed by Reuters show. The HSBC probe of Huawei came in late 2016 and 2017 as the […]

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Exclusive: Lyft plans to launch its IPO roadshow week of March 18 – sources

(Reuters) – Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday. Lyft’s larger rival Uber Technologies Inc still needs several more weeks for its IPO preparations, the sources said, putting […]

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