Bloomberg Singapore-listed fintech firm iFast Corp said it led a consortium of Chinese partners to submit an application for a digital wholesale bank license in the city state. The bid was submitted at the end of December, the company said in a stock exchange filing . Its Chinese partners are Yillion Group and Hande Group. Yillion operates one of four ...

Bloomberg Adani Ports and Special Economic Zone Ltd agreed to acquire a deepwater port on India’s east coast for an enterprise value of $1.9 billion, a move that will help the nation’s biggest port operator by market capitalisation expand capacity by 64 million metric tons. Adani Ports will purchase 75% of Krishnapatnam Port Co in India’s Andhra Pradesh state, it ...

Bloomberg Ousted Bitmain Technologies Ltd co-founder Micree Zhan Ketuan has initiated a legal case to try to regain his position, escalating a battle for control of the world’s biggest miner of cryptocurrency. Great Simplicity Investment Corporation, owned by the engineering whiz-turned-entrepreneur, filed a summons in December in which he asked a Cayman Islands court to reverse a shareholder decision that ...

Bloomberg Hong Kong unveiled a plan to deal with infectious diseases after a mysterious pneumonia outbreak in the central Chinese city of Wuhan. The government classified the response level as “serious” — the second-highest scale of action in its three-tier system, with the top-most being emergency, according to the Department of Health. The public hospitals in Hong Kong have reported ...

Bloomberg Carmakers extended a streak of strong US sales by slathering on the incentives and pumping up deliveries to fleet customers in 2019, calling into question whether the companies can maintain momentum into the new decade. While industrywide deliveries exceeded 17 million for an unprecedented fifth consecutive year, sales slowed in the final months of 2019. General Motors Co and ...

Bloomberg US manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management’s purchasing managers’ index fell to 47.2 in December, 2019 from 48.1, the fifth straight month of contraction and missing estimates for a rise in a Bloomberg ...

Bloomberg Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc, is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions. The firm, which has provided some security services around the US embassy complex in Iraq — the site of anti-American protests this week — ...

Bloomberg Apple Inc Chief Executive Officer Tim Cook made $125 million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus. Cook got a $3 million salary, a $7.7 million bonus and $884,466 in perks and other compensation in the latest period, the Cupertino, California-based technology giant said in a filing. The ...

Bloomberg The job market soured in the Big Apple in November, according to Labour Department data. Despite a 52,134 decline, a surge in hiring in the New York City suburbs helped the New York-Newark-Jersey City, NY-NJ-PA metropolitan area to the second-largest jobs gain in the country with a 99,400 jump. The Dallas-Fort Worth-Arlington, Texas region witnessed the nation’s largest metro-area ...

Bloomberg A group of Amazon.com Inc employees who pushed the company to combat climate change say Amazon has threatened to fire some of them if they continue to speak out about their employer’s internal affairs. Two were threatened with termination, a spokesperson for Amazon Employees for Climate Justice said, and a total of four were told in meetings that they ...