By Riva Gold The Wall Street Journal Mon., Nov. 5, 2018 A drop in Asian markets led global stocks mostly lower Monday in a busy week set to include U.S. midterm elections and an update from the Federal Reserve. The Stoxx Europe 600 was down less than 0.1% in morning trading after a bruising session in Hong Kong and Japan, while S&P 500 futures were off 0.2%. Dimming hopes for a U.S.-China trade agreement, a lackluster reading on the Chinese economy, and a tech-led selloff on Wall Street on Friday interrupted gains late last week, when markets had shown signs of rebounding from an October rout. A big fall in shares of Apple dragged down U.S. indexes Friday after the company gave disappointing guidance for the holiday quarter. The S&P 500 fell 0.6% for the session but still notched its best week since March. While S&P 500 companies have broadly been reporting more positive earnings surprises than they would in an average quarter, corporate comments about … [Read more...] about Asia leads global stocks lower
SAN FRANCISCO: Venture firm Lead Edge Capital, which has backed companies such as Uber and Spotify, has raised its largest fund to date in the latest sign of the rush of capital flowing into private tech companies.New York City-based Lead Edge Capital said on Thursday it has closed a US$520 million fund to invest in software and internet startups. The new fund size is an 80 percent step-up from its previous fund of US$290 million and is 10 times larger than its first fund, a US$52 million pot in 2011.The firm's growing fund size is consistent with the broader trend in the venture industry of firms raising ever-larger funds and fundraising more quickly, as startups also raise ever-larger funding rounds and stay private longer, relying on venture capitalists and other private investors rather than the public stock markets for funding."Stuff is more expensive today than it was five years ago," said Mitchell Green, the firm's founder and managing partner. "There is a lot of money chasing … [Read more...] about Uber investor Lead Edge Capital closes US$520 million fund
SINGAPORE - The majority of Singapore-listed companies have at least one woman on their boards for the first time, with the largest companies leading the improvements in board gender diversity, according to latest data from the Diversity Action Committee (DAC). The proportion of all-male boards slipped to 49 per cent as at end-June 2018, the first time the measurement has crossed below 50 per cent, according to the DAC, an advocacy group comprising prominent members of the Singapore business community. All-male boards and boards with at least one woman director were evenly split as at end-December 2017. Women's share of board seats on Singapore-listed companies also continued to grow at a steady pace in the first half of 2018. Women occupied 11.2 per cent of board seats among Singapore-listed companies as at end-June, up from 10.8 per cent six months earlier and 10.3 per cent a year ago. Despite the improvement, gender diversity among Singapore-listed companies remains short of the … [Read more...] about For first time, majority of Singapore-listed companies have at least one female director
caption Transparency with your customers can lead to a lot of trust. VIPKID CEO and founder Cindy Mi is pictured. source Photo by Steve Jennings/Getty Images for TechCrunch Chinese education startup VIPKid, which connects native English-speaking teachers with Chinese students, raised $500 million in April for a valuation of over $3 billion. But a year after the company launched in 2014, it had a unusual crisis that nearly derailed the company, CEO and founder Cindy Mi told Business Insider. During its pilot stage, a prominent blogger promoted the company, leading to thousands of angry parents trying to sign up for the service, but being unable to. Mi and her team’s sharp handling of the crisis became a key turning point in the company’s success story. Earlier this year, Chinese education startup VIPKid raised $500 million at a valuation of over $3 billion. That follows a jump in revenue to $760 million in 2017 from $300 million the year before. … [Read more...] about The founder of one of China’s hottest startups explains how getting too much press and customers early on nearly sunk the company
By Debra Yeo Toronto Star Thu., May 31, 2018 2018 started out as a tough year for Soulpepper Theatre, but the company now has the distinction of getting the most nominations in the general theatre division of the Dora Mavor Moore Awards. The Toronto Alliance for the Performing Arts announced nominations on Thursday for the Doras, which reward excellence in the performing arts in Toronto. Canadian Stage has the most nominations overall with 24 while Soulpepper has 13 in general theatre and the Musical Stage Company has 21 in the musical theatre division. Soulpepper earned five of its nominations for Idomeneus, including Outstanding Direction for Alan Dilworth. The company opened the play in March, just two months after founding artistic director Albert Schultz resigned amid allegations of sexual assault and harassment that are the subject of a lawsuit. Dilworth took over as acting artistic director. Soulpepper’s other nominated productions include A … [Read more...] about Canadian Stage, Soulpepper Theatre and Musical Stage Company lead Dora Award nominations.