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Singapore venture capital surges as startups seek room to grow

Bloomberg Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups. This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised $30 million that will go toward ...

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Facebook risks EU-wide privacy fights after setback at top court

­­­­­­­­­­­Bloomberg Facebook Inc. could be in the firing line of data privacy regulators across the European Union if the bloc’s top court follows the opinion of an adviser who said the social media giant may be policed by authorities in the country where users are based. Yves Bot, an advocate general of the EU Court of Justice, said that national ...

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GM blunts impact of production cuts with SUVs

Bloomberg General Motors Co. mitigated the effects of significant production cuts it warned were coming by boosting sales of SUVs now and selling Wall Street on the technological transformation it’s making for the future. The automaker led by Chief Executive Officer Mary Barra reported adjusted profit of $1.32 a share for the quarter ended last month, beating the $1.11 average ...

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