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India’s Sensex drops as virus adds to woes

Bloomberg India’s stock benchmark declined for a fourth straight day, with disruptions from the coronavirus outbreak clouding the outlook for an economy already facing its weakest expansion in 11 years. The S&P BSE Sensex Index fell 0.4% to close at 40,894.38 in Mumbai, its longest losing streak in more than four months, after sliding as much as 1.1%. The NSE ...

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Binance applies for new crypto license in S’pore

Bloomberg Binance Holdings Ltd, operator of one of the world’s largest crypto exchanges, has applied for an operating license in Singapore under the government’s new payments legislation. “We have already applied,” Binance co-founder and CEO “CZ” Zhao Changpeng said in a phone interview. “We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local ...

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Bombardier declares its selling spree over, officially

Bloomberg With just one business left, Bombardier Inc has officially declared its selling spree over. The Montreal-based company, which once made everything from snowmobiles to commercial aircraft, will focus solely on corporate jets following its announcement of two separate deals to sell off parts of its business in less than a week. And with the proceeds earmarked towards reducing a ...

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