The world is littered with startups that have struggled to become genuine challengers to traditional banks despite chalking up plenty of customers. Hong Kong may be different. The city kicked off its virtual banking revolution by issuing three licenses, two of which went to ventures led by note-issuing banks. The Hong Kong Monetary Authority is processing five more permits. This ...

In view of the bad feeling unleashed by Japan’s detention of Carlos Ghosn in November, one might have expected Renault SA to keep things quiet for a while. Ghosn was head of the giant Renault-Nissan carmaking alliance and one theory for his downfall was that he was pushing too hard for a full combination of the French and Japanese companies. ...

Bloomberg Apple Inc showed it can open up its software and services to devices that compete with its own — but only when absolutely necessary. The company’s updated TV app, including a new subscription for original movies and TV shows, will launch on iPhones, iPads, and Macs. But it will also be available via gadgets from Amazon.com Inc and Roku ...