World Briefs: Uber raises $1.37 billion of fresh capital

Uber raises $1.37 billion of fresh capital

WASHINGTON• • Ride-booking app Uber has closed a deal to raise nearly US$1 billion (S$1.37 billion) in fresh capital, pushing its valuation to more than US$50 billion, the Wall Street Journal reported on Friday.

If confirmed, the new investment would bring Uber's total capital raised to more than US$5 billion and equal Facebook's record for a private venture-backed start-up.

AGENCE FRANCE-PRESSE


MtGox head arrested over data manipulation

TOKYO • Japanese police yesterday arrested Mr Mark Karpeles, head of the MtGox Bitcoin exchange, after a series of fraud allegations led to its spectacular collapse and hammered the digital currency's reputation.

A Tokyo Police spokesman said France-born Karpeles, 30, was suspected of manipulating data on the exchange's computer system in 2013 to falsely create about US$1 million (S$1.37 million).

Earlier in the day, Kyodo News and other Japanese media said police were also investigating his possible involvement in the 2014 disappearance of virtual currency worth nearly US$390 million at current exchange rates.

AGENCE FRANCE-PRESSE



Athens stock exchange to reopen tomorrow

ATHENS • Greece's main stock exchange in Athens will resume operations tomorrow after being halted on June 26 as the crisis-hit government imposed capital controls, said a finance ministry source.

Normal operations will resume for foreign investors when the stock exchange reopens, but locals will still face limits on their transactions.

AGENCE FRANCE-PRESSE

A version of this article appeared in the print edition of The Sunday Times on August 02, 2015, with the headline 'World Briefs: Uber raises $1.37 billion of fresh capital'. Print Edition | Subscribe