Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia
Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging,...
SoftBank seeks control of WeWork through financing package: WSJ
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, the Wall...
Uber and Banco Inter in talks to forge partnership in Brazil: source
Brazilian lender Banco Inter SA and Uber Technologies Inc are in talks to forge a partnership in financial services, a source familiar with the matter...
Facebook’s Libra currency abandoned by major financial companies
Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa...
Digital assets subject to money-laundering, disclosure laws: U.S. regulators
Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation to follow securities laws prohibiting...
Mastercard, Visa, others exit Facebook’s Libra project
Facebook Inc’s efforts to establish a global digital currency called Libra suffered major setbacks on Friday, as EBay Inc , Stripe Inc, Mastercard and Visa...
EBay, Stripe join PayPal in exiting Facebook’s cryptocurrency Libra
EBay Inc and Stripe are leaving Libra Association, the entity managing the Facebook-led effort to build a global digital currency said on Friday, joining Paypal...
SoftBank group to invest $500 million in venture capital funds in Latin America
Japan’s SoftBank Group Corp is planning to invest $500 million in venture capital funds in Latin America, its managing partner in Brazil, Andre Maciel, said...
EBay exits Facebook’s cryptocurrency Libra
EBay Inc said on Friday it would exit Facebook Inc’s planned cryptocurrency Libra, joining Paypal....
FTC’s antitrust chief, who spearheaded tech task force, to step down
The Federal Trade Commission, which works with the Justice Department to enforce antitrust law, will lose the head of the Bureau of Competition next month,...