Snapchat isn’t a public company yet, but it is already making its first smart move to divert the scrutiny of pesky public stockholders. Sure, there’s parent company Snap Inc.’s decision to bring in a new set of stock owners that won’t have even the appearance of a say in how the company operates. A potentially bigger deal is Snapchat’s …

  This could be Li & Fung Ltd.’s (very slim) chance to shine. Donald Trump on Monday officially quashed the Asia-Pacific free trade pact that would have made it cheaper for US companies to import goods from countries such as Vietnam and Japan. He has also threatened to institute a 45 percent tariff on goods imported from China. Conventional wisdom …

  Bloomberg China’s central bank increased the interest rates on medium-term loans that it uses to manage liquidity, a move analysts say signals its intent to keep a tight rein on leverage in the financial system. The one year Medium-term Lending Facility (MLF) rate was raised to 3.1 percent from 3 percent and the six-month rate to 2.95 percent from …