Uber Technologies is in talks with the management of its Middle East unit Careem to bring outside investors into the business, four sources familiar with the matter said.
As details of a new COVID-19 variant emerge, investors are bracing for a potential hit to U.S. corporate earnings, particularly among retailers, restaurants and travel companies.
Russian investment group A1 has bought into defaulted Eurobonds secured by a 49% stake in Russian Standard Bank, with a view to selling on the holding once a legal battle over the bonds has ended, A1's chief executive said on Monday.
Macy's Inc is grappling with how to make its e-commerce business a standalone company without losing customers who rely on its department stores to pick up or return items they bought online, according to people familiar with the deliberations.
Singapore's digital banks will find it hard to carve out space in the city-state's saturated market, said Piyush Gupta, the CEO of DBS Group , Southeast Asia's biggest lender.