CNN's ChristineRomans has the day's top business headlines ahead of the opening bell on Wall Street
London 1. Grab some cash: Ride-hailing startup Grab is getting a $1.5 billion cash boost from SoftBank's massive tech fund as it seeks to strengthen its business across Southeast Asia.
Grab, which is based in Singapore, plans to use the money to add more services to its app. It also plans to invest in Indonesia, where it's competing aggressively against its smaller rival GoJek.The latest funding values Grab at about $14 billion, according to a person familiar with the company. That's up from a valuation of $11 billion last year.Softbank's $100 billion Vision Fund is already a significant investor in Grab and other major ride-hailing companies such as Uber.
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