Softbank backs C2FO for SEA, Australia expansion

Last week, C2FO obtained fresh funding worth $200 million from Softbank’s Vision Fund, a famous $100 billion venture fund that has backed disruptive internet-based enterprises like Uber. C2FO is a US-headquartered decade-old fintech that seeks to help mid-sized corporates get working capital relief by getting suppliers to accept early payment at a Continue Reading

Your Money: Big companies explore virtual care to curb healthcare costs

NEW YORK (Reuters) – Big companies are increasing incorporating virtual technology and care options into employee benefit plans to combat the rising healthcare costs that long been corporate America’s bugaboo, according to the annual survey of the National Business Group on Health. The No. 1 goal for employers in 2020 Continue Reading

Smart watches, Bluetooth headphones to get tariffs Sept. 1: USTR

WASHINGTON (Reuters) – Some consumer electronics items spared from previous U.S. tariffs on Chinese goods, including smart watches, fitness trackers, smart speakers and Bluetooth headphones, were not given a reprieve by the Trump administration’s delays in some tariffs on Tuesday. According to lists published by the U.S. Trade Representative’s office, Continue Reading

Scout24 can afford leverage ratio of up to 3.5 for buybacks: CEO

FRANKFURT (Reuters) – German classifieds group Scout24 (G24n.DE) can cope with a higher long-term leverage ratio of up to 3.5 times core earnings to fund greater capital return to shareholders, CEO Tobias Hartmann said on Tuesday. The increase in long-term leverage acknowledges a call by U.S. activist investment fund Elliott Continue Reading

HK protests set to stress-test China’s priorities

There was a cold rationale behind China’s top leaders authorising its military to violently crush pro-democracy protestors in Tiananmen Square on July 4, 1989 no cost was too high to maintain control. Hundreds were killed, and the international backlash was so severe that China’s rulers have attempted to internally suppress all Continue Reading