Tag Archives: Growth

Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $ 2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services. The $ 2 billion figure includes a $ 1 billion investment from Toyota which was announced in June, and it ...

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Zuckerberg & Facebook slapped with lawsuit for failing to warn investors of slowing growth

Facebook investors are suing the social network, its CEO Mark Zuckerberg and CFO David Wehner after a poor earnings report wiped out nearly $ 160 billion of shareholder wealth. The lawsuit, filed by shareholder James Kacouris in a Manhattan federal court, could be the first of many claims over a disappointing earnings announcement by the social media and social networking ...

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Zuckerberg & Facebook slapped with lawsuit for failing to warn investors of slowing growth

Facebook investors are suing the social network, its CEO Mark Zuckerberg and CFO David Wehner after a poor earnings report wiped out nearly $ 160 billion of shareholder wealth. The lawsuit, filed by shareholder James Kacouris in a Manhattan federal court, could be the first of many claims over a disappointing earnings announcement by the social media and social networking ...

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BRICS countries the engine that powers global economic growth

Unilateralism, coming particularly from the US, brings the “great growth nations” of BRICS closer and helps them strengthen ties, the CEO of global internet and media group Naspers, Bob van Dijk, told RT. The BRICS group unites the emerging economies of Brazil, Russia, India, China, and South Africa. The countries represent more than 40 percent of the world’s population. “Most ...

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Facebook loses $150bn in 2hrs after warning of company’s growth slowdown

Facebook’s stock lost roughly one-fifth of its value in after hours trading on Wednesday following the company’s disappointing earnings report and warning of worse-than-expected user growth. The social network’s stock dropped about seven percent immediately after the earnings report was released, and then plummeted to a loss of more than 20 percent during the company’s call with investors. Its valuation ...

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Russia plans national road reconstruction project essential to economic growth

About 9,000 kilometers of highways and roads in Russia will be transferred to federal ownership by 2021 before a major rebuilding project to boost the country’s road infrastructure and the national economy. Read more The trend will continue after 2021 with additional 8,300kms of road becoming the property of the Federal government. Federal highways are usually of much better quality ...

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Samsung forecasts slowing profit growth for Q2, missing analyst estimates

Samsung has put out earnings guidance for its Q2 which indicate quarterly growth at its slowest for more than a year — as a lack of new ideas to sell high end smartphones drags on the company’s bottom line. The electronics maker is reporting estimated profit of 14.8 trillion Korean won (USD$ 13.2BN) on revenue of 58 trillion Korean won (USD$ 51.9BN) for the ...

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Russia lowers economic growth forecast as planned tax hike expected to curtail expansion

Russia’s Economic Development Ministry has slashed the country’s economic growth forecast for next year amid geopolitical uncertainty and a planned two-percent increase in value-added tax (VAT). The country’s gross domestic product (GDP) is now expected to grow by 1.4 percent in 2019 compared to the 1.9 percent growth projected this year, according to reports in various media. In the second ...

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Kim Dotcom predicts US tariffs will drive cryptocurrency growth

Kim Dotcom is predicting that Donald Trump’s burgeoning global trade war will cause stock markets to crash – and lead to a surge in cryptocurrency growth. The internet entrepreneur took to Twitter on Friday to make his predictions as trade tensions between the US and China, and the US and the EU intensified. EU retaliatory tariffs on several US products ...

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Bitcoin’s skyrocketing growth was ‘fraud and manipulation’ – report

The record growth in bitcoin last year was actually a coordinated market manipulation, according to recent research by University of Texas Finance Professor John Griffin. Read more Griffin, who has 10 years of experience in detecting financial fraud, examined millions of transactions on cryptocurrency exchange Bitfinex. In his paper, Griffin says that the US dollar-pegged cryptocurrency tether was used to ...

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