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Finance/Venture
China’s Ant Group to Open New Markets Across the World With Alipay+ Cross-Border Payments
Chinese fintech firm Ant Group wants to expand globally by linking mobile payment apps with Alipay+.
Warren Buffett Issues Grave Warning About AI, Saying It Would Make Scams Far More Convincing, Revving Up Fraud
Berkshire Hathaway Chairman and CEO Warren Buffett has warned about AI scams...
Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets
The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April...
Coinbase Reports Impressive Q1 Revenue of Above $1 Billion Following Bitcoin Rally
Coinbase announced a better-than-expected revenue in its first-quarter earnings report on Thursday after a bitcoin rally led to a surge in profit...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Gol...
Trump Media CEO Calls for GOP Investigation Into Potential Short Selling by Eight Financial Firms
Nunes demands a GOP-led probe into short-selling by eight firms affect...
Latest News
Dubai's Mashreq interested in Citigroup's Egypt retail business
Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.
StanChart eyes bank stake sales as it tries to slim down
Standard Chartered's (STAN.L) abrupt move to shut its global equities business last week could be a prelude to the lender selling off stakes in a number of Asian banks as it looks to boost capital, pe
Ten banks bid for Citigroup's Egyptian retail operations
Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the United Arab Emirates prominent among potentia
Malaysia's $20 billion bank merger headed for collapse: sources
Malaysia's proposed $20 billion merger to create the world's biggest Islamic bank is likely to be scrapped after CIMB Holdings and RHB Capital failed to agree on new deal terms, people familiar with t
Hacker posts client emails from Swiss bank BCGE
A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve on Friday divulged confidential client information after the Swiss bank failed to meet demands for payment.
Banco do Brasil gets central bank approval for Cielo venture
Banco do Brasil SA (BBAS3.SA), the nation's largest bank by assets, said on Friday it received approval from the central bank for a joint venture with card payment processor Cielo SA (CIEL3.SA), but i
Quindell seeks to dispose of operating division
British technology and outsourcing company Quindell Plc said it had entered into exclusivity arrangements with a third party for possible disposal of an operating division to improve its working capit
China's Fosun to buy U.S. insurer to help finance acquisition spree
Chinese conglomerate Fosun International Ltd is making its first foray into the U.S. insurance market and buying property and casualty insurer Meadowbrook, a deal that it said would help it secure fun
Apollo Global may bid for Portugal's Novo Banco
Private equity firm Apollo Global Management LLC (APO.N) is considering making a bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo SA (BES) (BES.LS), Bloomberg repor
