Seoul / AFP Shares in South Korea’s Hanjin Shipping plunged more than 10 percent on Tuesday on worries its parent will not stump up promised cash to prevent it from going under, while a court told it to return chartered vessels to their owners. The world’s seventh largest shipper is seeking bankruptcy protection at home and in the US ...

  JAKARTA / Reuters Congress potentially has small window to ratify trade deal Vietnam is set to delay ratifying a massive U.S.-led Pacific trade pact until next year, as anxiety rises over the fate of the deal in Congress with America’s presidential election campaign exacerbating an anti-free trade mood. Ha Ngoc Chien, head of a parliamentary committee, suggested the National ...

  Singapore / AFP Ride-hailing startup Grab said on Tuesday it has raised $750 million from investors to expand in burgeoning Southeast Asian markets including Indonesia, as it aims to build its lead over US-based rival Uber in the region. The new investments led by Japan’s SoftBank Group raised the Singapore-based firm’s total capital to more than $1.0 billion, it ...