Alibaba doubles Lazada investment to $4 billion in aggressive Southeast Asian expansion
BEIJING/SINGAPORE (Reuters) – Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggre…
World stocks on longest slide since November as Fed caution hits
LONDON (Reuters) – Share markets were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more lie in store this…
Singapore fines Standard Chartered entities $4.9 million for money laundering breaches
SINGAPORE (Reuters) – Singapore’s central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism fin…
German finance minister ‘seriously worried’ about U.S. trade stand-off
BERLIN (Reuters) – German Finance Minister Olaf Scholz is “seriously concerned” about a trade stand-off with the United States, he told mass-selling daily newspaper Bild.
Singapore fines Standard Chartered $4 million over money laundering breaches
SINGAPORE (Reuters) – The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for anti-…
Societe Generale hopes for resolution to Libor, Libya inquiries within weeks
PARIS (Reuters) – Societe Generale SA said on Monday that it hoped to resolve “within weeks” U.S. investigations into alleged Libor rigging and transactions made by the French bank involving Libyan counterparts.
Uber, Ola drivers strike in India for higher pay
MUMBAI (Reuters) – Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the two platforms, coupled with cutbacks in incentive payments, have stun…
Relationship goals: Ford tries to rebuild trust with China partners
BEIJING (Reuters) – After 20-odd years of “marriage” in China, Ford Motor Co is having relationship issues.
How China’s ride-hailing giant Didi plans to challenge Uber in Mexico
MEXICO CITY/SAN FRANCISCO (Reuters) – Working quietly from a shared office space in one of Mexico City’s trendiest neighborhoods, China’s ride-hailing giant Didi Chuxing is planning to hit its archrival Uber where it hurts.
Shares mixed, yen firm as anxious markets await Fed
SYDNEY (Reuters) – Asian share markets traded mixed on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year….
