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Trump administration labels China a currency manipulator

Bloomberg The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs. While the Treasury Department’s determination is largely symbolic — the potential penalties are less punitive than the steps Trump has already taken against China — it underscores ...

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SoftBank to invest another $200mn in Boston-based firm

Bloomberg Cybereason Inc., the Boston-based firm that revealed the hacking of at least 10 global telecommunications carriers in June, has raised another $200 million from investor SoftBank Group Corp. as it seeks to grow its market and upgrade its product to keep pace with hackers. “Cybereason plays a leading role in helping companies manage cybersecurity risks and protecting people’s information,” ...

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Reliance to buy Google-backed Indian e-commerce tech startup

Bloomberg Reliance Industries Ltd. agreed to buy an Indian technology startup funded by Google, scooping up an inventory-management platform and adding to the list of smaller deals the conglomerate has assembled to take on Amazon.com Inc. Billionaire Mukesh Ambani’s group agreed to buy a controlling stake in Shopsense Retail Technologies Pvt, which operates the Fynd platform, according to a statement ...

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