Author Archives: Reuters

PropertyGuru cancels Aussie IPO

SYDNEY: Online realty company PropertyGuru yesterday cancelled its initial public offering (IPO) in Australia because of market volatility, the country’s second scrapped listing of a private-equity backed company on the…

SoftBank seals WeWork takeover deal

NEW YORK: SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff…

China open to foreign investment

BEIJING: China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese…

England spring surprise

OITA (Japan): England coach Eddie Jones sprung a big surprise yesterday by naming Owen Farrell (pic) to start at flyhalf in the World Cup quarter-final against Australia, benching George Ford…

Hyundai eyes $35b for future auto tech

SEOUL: Hyundai Motor Group said yesterday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates…