A ride-hailing rivalry is gearing up in Southeast Asia. With a fresh $2 billion war chest, Singapore-based GrabTaxi Holdings Pte is doubling down on its expansion into Indonesia. Meanwhile, Go-Jek Indonesia PT is tiptoeing into its main competitor’s home turf, and making a foray into Vietnam’s buzzing cities. Jockeying for success probably comes naturally to the companies’ founders, who were ...

For years, analysts and journalists watching Apple Inc. have talked up the growing importance of services, as opposed to hardware sales, to the company’s top line. But it’s only now that Apple’s business model truly appears to be shifting towards collecting rent from the company’s ecosystem and increasingly relying on gadget sales to perpetuate this rent rather than drive growth. ...

Bloomberg The main shareholder in Danske Bank A/S just made clear it won’t stand by and watch the chairman muddle through the lender’s biggest crisis in a century. As Danske finds itself at the center of one of Europe’s worst ever money laundering scandals, A.P. Moller Holding A/S used its roughly 20 percent stake in the bank to force Chairman ...