Bloomberg Goldman Sachs Group Inc agreed to pay $20 million to settle an investor lawsuit accusing traders at the bank, along with 15 other financial institutions, of rigging prices for bonds issued by Fannie Mae and Freddie Mac. As part of the settlement, disclosed in a court filing, Goldman Sachs will cooperate with investors in their case against the other …

Bloomberg Ron Sim, founder of one of Asia’s largest massage chair makers, is in talks to partner with a unit of Temasek Holdings Pte and other firms to bid for one of Singapore’s new virtual banking licenses, according to people familiar with the matter. V3 Group Ltd, Sim’s Singapore-based firm, is discussing forming a consortium with Temasek’s Heliconia Capital Management …

Bloomberg Motorola is rebooting the iconic Razr flip phone as a 6.2-inch smartphone with a foldable display that gives the Lenovo-owned brand a unique selling point against Apple Inc and Samsung Electronics Co’s finest. The new device reprises the Motorola Razr name and looks like a modernised version of the original. It costs $1,499 and will be available for pre-order …

Bloomberg Apple Inc introduced its first major update to the MacBook Pro laptop in three years, adding a slightly larger screen to the top-end model, improved speakers, a better keyboard, and faster processors from Intel Corp. The new computer has a 16-inch screen, bigger than the 15.4-inch screen on the previous version. That alone may not be enough to spur …

Bloomberg Vietnam will inspect all phones imported from China, such as Huawei and Xiaomi models, the Tuoi Tre newspaper reports citing Nguyen Hung Anh, head of Vietnam Customs’ anti-smuggling and investigation department. At issue is whether the Chinese-made phones come with preinstalled navigation apps that use maps reflecting Chinese territorial claims rejected by Hanoi, such as the expansive nine-dash line …

Bloomberg Burberry Group Plc is teaming up with Chinese internet giant Tencent Holdings Ltd to experiment with blending retail and social media in the key luxury market. The first step in the Tencent alliance will be a Burberry store in Shenzhen powered by the operator of social network WeChat. The space will offer “unique experiences that connect luxury customers’ social …

Bloomberg Nike Inc is breaking up with Amazon.com Inc. The athletic brand will stop selling its sneakers and apparel directly on Amazon’s website, ending a pilot programme that began in 2017. The split comes amid a massive overhaul of Nike’s retail strategy. It also follows the hiring of ex-EBay Inc Chief Executive Officer John Donahoe as its next CEO — …

Bloomberg South Africa Airways (SAA) extended flight cancellations to four days as a strike over pay and job cuts at the loss-making state carrier got under way. Regional and domestic routes will remain suspended through Monday, two days longer than previously announced, the airline said in an emailed statement. International services will resume on November 17, it said. Two labour …

Bloomberg Qantas Airways said Boeing has offered a stopgap deal in a bid to persuade the airline to select its delayed 777X plane for planned direct flights from Australia to New York and London. Boeing pitched the workaround as it grapples with holdups to the upgraded 777, Chief Executive Officer Alan Joyce said in an interview in London, declining to …

Bloomberg Investors in the retail industry are a tough crowd. Just ask Walmart Inc, which matched sales growth estimates, raised its forecast — and watched its shares drift lower in midday trading as analysts picked over the numbers. The shares fell as much as 1.2% after earlier hitting a record high. What changed? After all, the key gauge of same-store …