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Economy 15 Jul 2017 | 12:00 AM

Can new boss at Vanguard keep raking in cash?

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.

Business 13 Jul 2017 | 12:00 AM

Huawei, WorldRemit in money transfer deal

JOHANNESBURG: Huawei Tech-nologies Co said it will partner with British money-transfer operator WorldRemit Ltd to enable African expatriates to send cash home to more than 100 million users of the Chinese company’s mobile-money service platform.

Business 23 Jun 2017 | 12:12 AM

Uber hires law firm to probe how it handled India rape case

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.

Business 22 Jun 2017 | 12:00 AM

Cell C to seek 73% debt reduction in buyout deal

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.

Markets 14 Jun 2017 | 4:23 AM

Morgan Stanley says Bitcoin needs regulation to keep rising

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.

Corporate News 31 May 2017 | 8:49 AM

Ex-UBS banker’s parents bought into China IPOs he helped arrange

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.

Business 19 Apr 2017 | 12:00 AM

HK paper billionaires exposed

HONG KONG: They are classic Hong Kong stories: people who, in a blink, became stock-market billionaires. But exactly what’s behind much of this wealth is something of a mystery.

Banking 23 Mar 2017 | 12:00 AM

Bank of Baroda may pare off insurance stake

MUMBAI: Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the matter.

Banking 14 Mar 2017 | 12:00 AM

Singapore bans ex-Goldman banker Leissner, seeks bar on others

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.

Business 01 Mar 2017 | 12:00 AM

Singapore's GLP said to shortlist at least three bidder groups

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.