IN BRIEF (Page 7)

ICAP wins $65m tech contract

ICAP Plc said it won a contract to provide technology for China's main fixed-income and foreign exchange trading system, giving the British broker a major break into the world's second-largest economy. ICAP, which last year agreed to merge its global hybrid voice broking business with Tullett Prebon Plc, said its electronic foreign exchange and fixed-income business - EBS BrokerTec - would provide technology to China Foreign Exchange Trade System. The deal, valued at $65 million over a three-year period, would see ICAP expanding into China just as the country is becoming more integrated into global financial markets. EBS BrokerTec will set up an office in Shanghai.

Uber aims to overtake Didi