Jun.29 -- Nannette Hechler Fayd’herbe, chief investment officer at Credit Suisse International Wealth Management, discusses global markets amid the rise in coronavirus infections. She speaks on “Bloomberg Markets: European Open.”...
The Philippines' anti-money laundering agency on Monday said it would conduct a "swift and thorough" investigation into scandal-hit German payments firm Wirecard AG and that it has drawn up an initial list of people and entities of interest. Wirecard's collapse last week and admission that $2.1 billion of its cash probably didn't exist came after auditor EY refused to sign off on accounts for 2019, adding there were clear indications of an elaborate fraud involving multiple parties around the world. Mel Georgie Racela, executive director of the Philippines' Anti-Money Laundering Council (AMLC), said entities of interest include three local firms - Centurion Online Payment International, PayEasy Solutions and ConePay International....
(Bloomberg) -- European stocks edged higher along with S&P 500 futures as investors weighed scattered signs of economic improvement against the accelerating spread of the coronavirus in the U.S., Brazil and India.Auto shares and travel companies pushed up the Stoxx Europe 600 Index. The dollar dipped against all of its major peers after three days of gains. Poland’s zloty strengthened after voters denied President Andrzej Duda’s bid for quick re-election, forcing him into a runoff. European sovereign bonds dipped, while Treasuries were little changed.In Asia, stocks fell more than 1% in Japan, Australia and Hong Kong. They had a more modest drop in China, where markets reopened after a two-day holiday.Investors began the new week bracing for more risk-off sentiment as infections cases surpassed 10 million globally and a resurgence in the U.S. continued to batter states likes Texas and Florida, with several halting plans to reopen. India’s economy is hurtling...
It's always important to take care of your health -- especially during a pandemic. Don't think staying fit and healthy has to break the bank. Here are seven ways to do so....
(Bloomberg) -- Billionaire Jack Ma’s newest chieftain is accelerating Alipay’s evolution into an online mall for everything from loans and travel services to food delivery, in a bid to claw back shoppers lost to Tencent Holdings Ltd.Ant Group Chief Executive Simon Hu is aggressively pitching digital payment and cloud offerings to the local arms of KFC Holding Co. and Marriott International Inc., expanding the firm’s focus from banks and fund managers on its ubiquitous app.The Alibaba Group Holding Ltd. affiliate’s strategy is two-pronged. It halts Tencent and food delivery giant Meituan Dianping’s run-away success in attracting local merchants to their platforms, eroding Ant’s dominance of China’s $29 trillion mobile payments space. It also diversifies Ant’s business into less-sensitive areas after the firm drew regulatory scrutiny for its blistering expansion in financial services with in-house products.“We want to help digitize the services industry,” said Hu in his first interview with foreign media...
