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Ride-hailing giant Grab gets into old-school financial services

Bloomberg After gaining success in ride-hailing, Grab co-founder Anthony Tan is pushing his startup into a new challenge: catering to those under-served by traditional financial institutions in Southeast Asia. Tan, together with GrabPay Southeast Asia Managing Director Jason Thompson, laid out his vision as the company tries to become a major financial services platform in the region. Grab, once an ...

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Vedanta soars after record dividend

Bloomberg Vedanta Ltd. rallied after India’s biggest base metals producer announced a record dividend worth $1.2 billion, potentially helping its London-listed parent pare debt. Vedanta, owned by billionaire Anil Agarwal, reversed from a loss to climb as much as 2.1 percent in Mumbai, while Vedanta Resources Plc surged 2.9 percent in London, after its board approved 21.2 rupees a share ...

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To feed 1.4bn, China’s top food company goes global

Bloomberg China’s largest food company is open to partnering with its competitors as it seeks to meet its biggest challenge: feeding the world’s most-populous country. “We will make sure we have a strong global supply chain to serve our goal in the China market and food security in China,” Cofco Corp. President Patrick Yu said in a Bloomberg Television interview ...

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