Bloomberg Shares of One 97 Communications Ltd., the parent of India’s leading digital payments brand Paytm, plunged to a record low on Tuesday after Macquarie Group Ltd. analysts flagged risks from billionaire Mukesh Ambani’s foray into the financial services business. Reliance Industries Ltd.’s Jio Financial Services Ltd. “can pose a significant growth and market-share risk” for players such as ...

  Bloomberg The Singapore police is investigating Binance.com over a possible breach of local payment services rules. “Police investigations are ongoing and we are unable to comment further,” according to a statement from the police in response to queries from Bloomberg News. The probe started when the nation’s financial regulator referred the case to the white-collar crime unit of the ...

  Bloomberg The world’s central banks must keep raising interest rates to fight soaring and pervasive inflation, even as the global economy sinks into a significant slowdown, the Organisation for Economic Co-operation and Development (OECD) said on Tuesday. The unexpected surge in prices and its impact on real incomes is hurting people everywhere, creating problems that will only worsen if ...