SoftBank now Uber's largest shareholder as deal closes

SAN FRANCISCO, Jan 19 (Reuters): A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.The deal includes a large purchase of shares from existing Uber...

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India's Reliance posts 25pc rise in profits, Jio turns profitable

MUMBAI, Jan 20 (AFP): Indian oil-to-telecom conglomerate Reliance Industries on Friday beat analyst estimates to post a 25 per cent rise in consolidated net profit, aided by its telecom start-up Jio turning profitable within 17 months of its launch.The Mumbai-based firm owned by India's wealthiest man, Mukesh Ambani, said consolidated...

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BOJ won't raise long-term yield target in 2018: Economists’ poll

TOKYO, Jan 20 (Reuters): A majority of economists polled by Reuters believe the Bank of Japan will keep its long-term interest rate target unchanged this year, though 40 per cent expect a hike, reflecting the mounting speculation as Japan's economy continues to strengthen.Forty economists, polled between Jan 10-16, filled in...

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