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Stocks fall on Rosenstein, trade war risks; oil climbs

Bloomberg US stocks slipped on growing trade tension and after reports that Deputy Attorney General Rod Rosenstein will leave his post. Oil climbed and the euro rallied. As a Justice Department shakeup threatened to increase political turmoil, industrial shares led US equity indexes down after China warned it won’t meet with American officials unless they stop threatening to expand tariffs. ...

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India examines slump in financials for irregularities

Bloomberg India’s market regulator is examining Friday’s sharp moves in shares of Dewan Housing Finance Corp., Yes Bank Ltd. and other lenders for possible trading irregularities, people with knowledge of the matter said. The Securities and Exchange Board of India is looking into whether brokers and investors colluded during the sharp selloff and subsequent recovery in financial shares, the people ...

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S’pore watchdog fines Uber, Grab $9.5mn over merger

Bloomberg Singapore regulators fined Uber Technologies Inc. and Grab S$13 million ($9.5 million) for antitrust violations after the Asian ride-hailing giant acquired its US rival’s regional operations. Effective fares in the city-state rose between 10 percent and 15 percent after the “anti-competitive merger,” the Competition and Consumer Commission of Singapore said in a statement. While the watchdog didn’t nullify the ...

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