Household-help app Snabbit is in talks for fresh funding at a valuation of about $450 million, the latest to tap investor interest in the burgeoning market.
Source
Bloomberg
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Bonds in the Philippines are likely to face the biggest challenge in Asia should the ongoing conflict in the Middle East lead to a sustained increase in oil prices.
Oil climbed, recouping part of its steepest one-day slide in four years, as uncertainty over the outlook for crude supplies continued to rattle markets. Asian stocks were set to open higher.
Gold was little changed, as traders digested conflicting statements by US officials over the war in the Middle East that added to extreme volatility in energy markets.
Oil advanced following another volatile session as the market grappled with rapidly shifting comments from the Trump administration about the Iran war and shipping through the crucial Strait of Hormuz.