Tag: Yahoo Finance

EMERGING MARKETS-Most Latam FX firm, Chile markets recover after slide

Chile's peso traded steady after a 2.7% slump on Monday - its worst day in more than six years, while a more than 1% jump in stocks came after a 4.6% dive which was its biggest one-day drop in almost two years. Other regional currencies moved higher against a firmer dollar, in line with broader emerging markets. Brazil's real jumped 1% with investors keenly awaiting results of a final Senate vote on the government's pension reform bill expected to take place later in the day....

Uber CEO expects to ride developing market growth in next decade

Uber pinned its growth over the next decade on developing markets like India on Tuesday, despite the problems it has faced in establishing itself in China and Southeast Asia. India is a very competitive market with demanding consumers but its "profitability characteristics" are improving, Uber chief executive Dara Khosrowshahi told reporters on Tuesday. "If I look at Uber's growth over the next 10 years it's going to be defined by markets like India, Africa, the Middle East more so than the developed markets such as the U.S. and Europe," Khosrowshahi said....