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.
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.
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.