Uber to invest nearly $200 million in Brazil over next five years-March 2024-www.financetom.com

Uber to invest nearly $200 million in Brazil over next five years

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Uber to invest nearly $200 million in Brazil over next five years

May 23, 2024 11:15 AM

SAO PAULO, May 23 (Reuters) - Uber Technologies ( UBER )

is set to invest 1 billion reais ($194.06 million) in Brazil

over the next five years, its vice president of operations for

Latin America, Eduardo Donnelly, said on Thursday.

Speaking at an event in Sao Paulo, the executive said the

investment would be focused on the firm's groceries and retail

businesses.

($1 = 5.1530 reais)

Previous page： --Boeing Restarts Jet Shipments to China Amid Trade Spat, Bloomberg Reports Next page： --Alphabet Defeats 3 Investor Bids to Study AI Hazards, Bloomberg Reports

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

--Boeing Restarts Jet Shipments to China Amid Trade Spat, Bloomberg Reports

Jun 6, 2025

01:27 PM EDT, 06/06/2025 (MT Newswires) -- Price: 208.82, Change: -0.36, Percent Change: -0.17 ...

--Alphabet Defeats 3 Investor Bids to Study AI Hazards, Bloomberg Reports

Jun 6, 2025

01:30 PM EDT, 06/06/2025 (MT Newswires) -- Price: 174.28, Change: +4.47, Percent Change: +2.63 ...

Update: UBS 'Strongly Disagrees' With Higher Reserve Requirements Proposed by Swiss Regulator

Jun 6, 2025

01:28 PM EDT, 06/06/2025 (MT Newswires) -- (Updates with UBS statement in the headline and the first two paragraphs.) UBS (UBS) said Friday it strongly disagrees with a regulatory proposal by the Swiss Federal Council under which it may need up to $26 billion in additional capital under proposed Swiss financial reforms. The Swiss lender said the proposals would result...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...