Singapore ex-BSI wealth manager stays in remand as prosecutor challenging bail
SINGAPORE (Reuters) – A former Singapore wealth manager of troubled Swiss private bank BSI Bank will remain in remand of white-collar police after the state prosecutor said it is challenging a court’s decision on Thursday to grant him bail of S$600,000…
Snapchat raises $1.81 billion in new funding round
(Reuters) – Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers.
Exclusive: Wanda Commercial buyout offer delayed by regulator’s queries – sources
HONG KONG (Reuters) – A plan by China’s richest man, Wang Jianlin, to take his Hong Kong-listed commercial property unit private is being held up by questions from the city’s market regulator, according to company insiders, delaying an announcement on …
UK business investment falls ahead of EU referendum
LONDON (Reuters) – Business investment in Britain fell in early 2016, a sign that uncertainty caused by the country’s impending referendum on European Union membership is weighing on companies.
Exclusive: New York financial regulator gearing up to probe online lenders – source
(Reuters) – New York state’s financial regulator, which recently launched a probe into LendingClub Corp, is preparing to look into the activities at other online lenders and whether they should be licensed in New York, a person familiar with the matter…
China’s SAIC-GM to recall 2.16 million vehicles as crankcase valves may corrode: watchdog
BEIJING (Reuters) – General Motors Co’s joint venture with SAIC Motor Corp Ltd will recall about 2.16 million vehicles starting Aug. 15 because the engine crankcase valves may corrode, China’s principal consumer protection watchdog said on Thursday.
Oil tops $50, lifts commodity stocks but Fed, China weigh
LONDON (Reuters) – Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and energy-related shares in Europe and Asia though worries about U.S. interest rates and signs of slowdown in China limited …
South Korea picks GE to supply engines for homegrown fighter jets
SEOUL (Reuters) – South Korea has picked General Electric Co to supply engines for its homegrown KF-X fighter jet project, preferring the U.S. giant over a European consortium in a deal that could be worth an estimated $3.5 billion.
Automakers, tech companies decide to make deals, not war
DETROIT (Reuters) – A flurry of deals between big automakers and ride hailing and transportation startups is rewriting the playbook in the contest to control the future of personal transportation.
Starbucks to open first coffee roastery outside U.S. in Shanghai
(Reuters) – Starbucks Corp , the world’s biggest coffee company, said on Thursday it would open a coffee roastery in Shanghai, China in 2017, its first outside the United States.
