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TIM Buckley has just been handed the keys to the house that Bogle built. But Buckley, Vanguard Group’s new president, confronts something that founder Jack Bogle never did back in his prime: a world in which cheap market-tracking index funds are everywhere.
SAN FRANCISCO/NEW DELHI: Uber Technologies Inc has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014. The review will focus in part on accusations from some current and former employees that bribes were involved, two people familiar with the matter told Reuters.
JOHANNESBURG: Cell C Pty Ltd is seeking to cut its debt by 73% as part of a deal that will help South Africa’s third-largest mobile-phone operator sell a stake to Blue Label Telecoms Ltd while retaining its operating licence, according to two people familiar with the matter.
NEW YORK: While Morgan Stanley is high on the blockchain technology that underpins bitcoin, analysts at the investment bank are a bit more cautious when it comes to the surge in the price of the virtual currency.
HONG KONG: A former UBS Group AG investment banker was linked to several Hong Kong initial public offerings over the past two years in which his parents featured as investors.
SINGAPORE: Singapore banned former Goldman Sachs Group Inc banker Tim Leissner from the securities industry for 10 years and said it plans to issue similar orders against three others caught up in the scandal surrounding 1Malaysia Development Bhd.
SINGAPORE: Global Logistic Properties Ltd (GLP) has shortlisted at least three groups in the bidding for the Singapore-based warehouse operator, people with knowledge of the matter said.