By Reuters Staff
2 Min Read
(Changes attribution in paras 3 and 4 to a source within the company, not a company spokeswoman)
April 9 (Reuters) - Spanish ride hailing app Cabify said on Friday it had hired a chief financial officer to accelerate its plans to list on the Madrid stock exchange and capitalise on a pandemic-induced boom for urban mobility and rapid delivery service apps.
Cabify, in an emailed statement, confirmed media reports that it had picked Antonio Espana, former CFO of gas pipeline operator Redexis, as its new CFO. Espana previously worked with security firm Prosegur in the run up to its initial public offering.
By Reuters Staff
1 Min Read
FILE PHOTO: Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration
DUBAI (Reuters) - Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region.
Founded in 2010 by Irish brothers Patrick and John Collison, Stripe is used by more than 50 companies, each processing over $1 billion annually to receive payments and bill customers.
Companies using the payments service include Google, Uber, Amazon and shipping giant Maersk.
Stripe said several companies were already using its services in the UAE, such as gym management software GloFox and online food ordering platform ChatFood.
By Reuters Staff
(Recasts with company confirmation, adds TerraCom comment)
MELBOURNE, March 30 (Reuters) - Australia’s securities regulator searched the offices of coal miner TerraCom Ltd with assistance from Queensland state police, as part of a probe into the inflation of coal quality for exports, the miner confirmed on Tuesday.
Australia is the world’s biggest coal exporter and the probe has raised concerns that the practice of inflating the quality of thermal coal for export markets like Japan, South Korea and China may have been widespread.
The probe comes after the regulator confirmed it was investigating testing laboratory ALS, whose internal review last year found that about half the certificates it provided for export coal samples over the past decade had been altered to improve the quality indicated.
3 Min Read
SEOUL (Reuters) -The U.S. trade watchdog cleared South Korean battery company SK Innovation Co Ltd of violating rival LG Energy Solution’s patents in a preliminary ruling, sending SK shares surging 15% on Thursday.
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/File Photo
The initial determination by the U.S. International Trade Commission (ITC) marks the first time LG Energy Solution has received a negative determination from the trade panel for one of its several legal disputes with SK in the United States.
Credit Suisse shares edged higher on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in trades for stricken U.S. fund Archegos.