"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
SAO PAULO, June 6 (Reuters) - Japan's Softbank Group Corp is in talks to invest in Brazilian financial technology company Nubank, a source said.
"Talks are in initial stage and final values have not yet been determined," the source said, requesting anonymity to disclose private talks.
Financial blog Vox reported on Wednesday that Softbank may invest up to $1 billion in Nubank, valuing the firm at up to $10 billion.
Nubank said in a statement it is "always considering opportunities to raise funds," but declined to comment on talks with Softbank. Since it was founded five years ago, Nubank has already received $400 million in seven financing rounds that included investors such as Sequoia Capital, Kaszek Ventures, Tiger Global Management and Tencent.
Softbank declined to comment on the matter.
A new financing round could accelerate Nubank's plans to expand outside Brazil, where it already has 8.5 million clients. Nubank announced last month the fintech will start to operate in Mexico.
Softbank earlier this year launched a $5 billion fund to invest in startups in Latin America. Last month, it spent $1 billion in delivery app Rappi.
Separately, Brazil logistics firm Loggi said in a statement on Thursday that Softbank is among investors in a $150 million financing round. (Reporting by Aluisio Alves; Writing by Tatiana Bautzer; Editing by Dan Grebler)