Bloomberg Chinese billionaire Jack Ma’s latest US expansion plan is facing rising political obstacles. Two members of the House of Representatives urged the Committee on Foreign Investment in the US to conduct a “full and thorough” investigation of Ant Financial’s proposed acquisition of MoneyGram International Inc., a money-transfer service. “The proposal merits careful evaluation as it would provide Chinese ...

  Bloomberg Foreign investors gorging on Indian stocks and bonds propelled the rupee to its best first-quarter performance since 1975. The currency, Asia’s best performer this month, has rallied 4.7 percent since December 31 as a thumping win for Prime Minister Narendra Modi’s party in state elections boosted bets for continuation of his government’s reform agenda, luring overseas funds. The ...

  Bloomberg Democratic lawmakers in Illinois are considering implementing their own inter- net safeguards at the state level after Republicans in Washington voted to roll back Obama-era internet privacy protections that were to take effect later this year. An Illinois House committee endorsed two online privacy measures, including one that would allow people to find out what information companies such ...