20 August, 2015 by The TZ Newswire Staff Comments Off on Uber seen reaching $10.8 billion in bookings in 2015: fundraising presentation
Uber seen reaching $10.8 billion in bookings in 2015: fundraising presentation
Uber Technologies Inc’s [UBER.UL] global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. The ride-hailing service, which operates in over 50 countries, keeps 20 percent of booking revenue, showed a confidential slideshow prepared by Chinese bankers with input from Uber, aimed at soliciting investment in a fund participating in Uber’s Series F financing.
20 August, 2015 by The TZ Newswire Staff Comments Off on Sharp China factory slowdown in August raises global growth fears
Sharp China factory slowdown in August raises global growth fears
Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/2-years in August, hammering global stocks and commodity prices. The gloomy figure sent investors fleeing for cover in gold and bonds, fearing China’s sagging economy would translate into slower global growth and muddy the outlook for the timing of the first U.S. interest rate hike in nearly a decade.
20 August, 2015 by The TZ Newswire Staff Comments Off on Novartis buys remaining rights to GSK treatment for up to $1 billion
Novartis buys remaining rights to GSK treatment for up to $1 billion
Novartis has agreed to buy all remaining rights to Ofatumumab from Britain’s GlaxoSmithKline for up to $1 billion, boosting the Swiss drugmaker’s stable of multiple sclerosis (MS) treatments. Basel-based Novartis had previously acquired the rights to Ofatumumab for oncology indications, but it is currently being developed for relapsing remitting multiple sclerosis and other auto-immune conditions.
20 August, 2015 by The TZ Newswire Staff Comments Off on Greek New Democracy to attempt to form new government
Greek New Democracy to attempt to form new government
Bloomberg reporting just prior to that German PMI data
– under the Greek constitution the three largest parties will try and form a government
Elsewhere state tv ERT report that Syriza rebels will form a break away party
20 August, 2015 by The TZ Newswire Staff Comments Off on Greece is heading for elections next month
Greece is heading for elections next month
Greece appears to be heading to an election next month despite the opposition having a chance on Friday to form a new government.
20 August, 2015 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: Germans begin the looting of Greece
Darrell Delamaide’s Political Capital: Germans begin the looting of Greece
German companies begin the process of looting Greece’s most valuable public assets as demanded by the latest bailout, writes Darrell Delamaide.
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20 August, 2015 by The TZ Newswire Staff Comments Off on Germany Markit mftg PMI August flash 53.2 vs 51.6 exp
Germany Markit mftg PMI August flash 53.2 vs 51.6 exp
Germany’s turn to show n tell
– 51.8 prev
– services 53.6 vs 53.7 exp vs 53.8 prev
– composite 54.0 vs 53.6 exp vs 53.7 prev
Better than expected readings sees the euro struggling to take advantage suggesting decent supply at the moment