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Bloomberg A group of investors led by SoftBank’s Latin America Fund will invest $125 million in AlphaCredit, the Latin American financial technology platform said. The investment will allow “AlphaCredit to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model,” the ...

Bloomberg Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co and Mitsubishi Motors Corp is moving past the Carlos Ghosn era. The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien ...

Bloomberg WeWork agreed to provide space in New York to 250 Gympass employees, Reuters reported, citing people familiar with the matter. SoftBank is a minority investor in the gym membership app company and is the majority owner of the US office-sharing company WeWork WeWork and Gympass agreed a three-year deal, according to the sources.

Bloomberg Temasek Holdings Pte has “significantly” increased the number of companies it’s bought into while boosting the value of its portfolio by about 3%, Temasek International Chief Executive Officer Dilhan Pillay said. The Singapore state investor’s portfolio value as of March 31, 2019 was S$313 billion ($232 billion) — up 1.49% from the year prior. When asked how it has ...

The “swamp” just got bigger. You will recall that the swamp was one of candidate Donald Trump’s favourite metaphors in 2016. It disparaged the influence-peddling and lobbying practiced by “special interests” in their quest for government favours and subsidies. Trump pledged to drain the swamp, but in practice he’s doing the opposite — expanding the swamp. The latest and perhaps ...

The resignation of Luigi Di Maio as leader of Italy’s Five Star Movement is a move that smacks of desperation. The populist party that gatecrashed Italian politics faces crumbling support in the polls and deep internal divisions. It’s hard to see how it can bounce back even with a change at the top. The decision adds to the sense of ...

It was once a great blessing for an emperor to have a son. But if he has more than one, succession could threaten to unravel the empire – especially if his grip was weak. Over six decades, Shin Kyuk-ho built a chewing-gum business into South Korea’s fifth-largest conglomerate, spanning hotels, shopping malls, movie chains and cafes. It’s no secret that ...

Back in 1999, one of the most talked-about scenes in one of the most talked-about movies involved a dancing plastic bag. It was surely a more innocent time. Still, two decades on from American Beauty and its bag-shaped pretensions, this is an opportune moment to reiterate that it’s just trash. China has unveiled plans to curb the use of non-degradable ...

Beneath the sleek surface of this sparkling Mediterranean metropolis boil passions generated by Spain’s version of identity politics. The passions are aroused by demagogues who hope to shatter a nation. The turmoil in Catalonia — the northeastern of Spain’s 17 regions, which exercise considerable autonomy (over police, health care, education, etc.) — is the toll taken by lies used to ...

It’s rare for an anonymous quote in a management consultant’s report to make much of an impression. But the admission by the chief financial officer of an unnamed global bank on the mystery that surrounds his own company’s technology spending is striking. It’s especially troubling for investors in the finance sector. “I know 50% of my digital transformation spend is ...