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China’s Ant Financial amasses 50 million users, mostly low-income, in new health plan

The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. REUTERS/Shu Zhang SINGAPORE (Reuters) – A mutual health aid plan launched by Ant Financial Services Group, the Read more ›

UPDATE 1-Creditors approve Avianca Brasil plan as antitrust concerns loom

(Adds creditors’ vote results) By Marcelo Rochabrun SAO PAULO, April 5 (Reuters) – Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country’s antitrust regulator announced preemptively that Read more ›

Russian court extends custody of Baring Vostok’s Calvey until April

MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Founder of the Baring Vostok private equity Read more ›

China stocks climb on trade talk optimism

* .SSEC +0.8 pct, .CSI300 +1.3 pct; .HSI +0.2 pct * U.S. officials in Beijing for fresh talks on trade * Better news expected after wave of profit warnings Hong Kong, Feb 11 (Reuters) – China stocks rose on Monday Read more ›

Trump to choose Treasury’s Malpass to lead World Bank: sources

WASHINGTON (Reuters) – The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Read more ›

Short seller Andrew Left appeals HK market manipulation ruling

HONG KONG(Reuters) – A Hong Kong court on Wednesday heard an appeal from short seller Andrew Left that sought to overturn a five-year ban from the city’s financial markets and a fine for market manipulation. FILE PHOTO: Andrew Left, the Read more ›

British banks’ new disputes service too limited, MPs say

LONDON (Reuters) – Big British banks have been criticised by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. FILE PHOTO: The City of London from Read more ›