Business

HONG KONG (Reuters) – Uber Technologies Inc UBER.UL said it raised its Hong Kong minimum fares on Monday by as much as 80 percent following a review. The San Francisco-based technology company, which recently suspended its services for the second time in the neighboring Chinese city of Macau, told Reuters the price rises would benefit
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MUMBAI (Reuters) – India’s second-biggest IT firm Infosys (INFY.NS) said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders. The board of Bengaluru-headquartered Infosys approved the repurchase of 113 million shares at
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SAO PAULO (Reuters) – Citigroup Inc (C.N) and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA’s fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said on Thursday. Petrobras (PETR4.SA) (PBR.N), as Brazil’s state-controlled oil company is known, is considering whether to
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BOSTON/NEW YORK (Reuters) – Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc’s (ADP.O) stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman’s hedge fund Pershing Square Capital Management owns 8.3 percent of the $50
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