SINGAPORE, July 25 (Reuters) - Grab, Southeast Asia's biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore's third-largest taxi operator, Trans-cab, according to a statement from Singapore's competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said in the statement on Thursday evening that both Grab and Trans-cab had notified it on July 22...

07:47 AM EDT, 07/25/2024 (MT Newswires) -- Given the growing concern about the mounting slack in Canada's labor market and economy, Thursday's establishment survey of employment (SEPH) for May at 8:30 a.m. ET, even if outdated, takes on more importance, said Bank of Montreal (BMO). A rebound is likely in May given the healthy 26,700 increase reported in the household...

MILAN (Reuters) - Carmaker Stellantis will sell a majority stake in its robotic unit Comau to One Equity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting Comau expansion beyond the automotive sector. Financial details of the agreement were not disclosed, but private equity firm One Equity will make a majority investment in...

(Reuters) - Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter. The shares fell 30% at one point and were down 26% by 1058 GMT, on track for their biggest one-day loss ever. The move has wiped off some 13.6 billion...