Markets

PayPal Holdings Inc said on Friday it received a civil investigative demand from the U.S. Consumer Financial Protection Bureau related to its app Venmo's alleged unauthorized fund transfers and collections processes.

Chamath Palihapitiya-backed Clover Health Investments Corp said on Friday it had received a letter from the U.S. Securities and Exchange Commission and that it intends to cooperate with the investigation.

Shares of videogame retailer GameStop Corp and insurance company Clover Health rose 3.5per cent and 4.1per cent, respectively, in early U.S. pre-market trading on Friday.

SEOUL: South Korea's trade minister Yoo Myung-hee said on Friday (Feb 5) she has withdrawn from the race to lead the World Trade Organization (WTO), clearing the way for members to appoint the first African and the first woman to lead the global trade watchdog. After consultation with its...

FRANKFURT: German prosecutors have confiscated more than €50 million (US$60 million) worth of bitcoin from a fraudster. There is only one problem: They cannot unlock the money because he will not give them the password. The man was sentenced to jail and has since served his term, maintaining his...

SEOUL: South Korea unveiled a 48.5 trillion won (US$43.2 billion) plan to build the world's largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic. The project is a major component of President Moon Jae-in's Green New Deal ...

Eric Diaz, an operations manager in Tampa, Florida, remains committed to his GameStop shares even after their steep retreat from highs they hit last week. "It got personal," he said.

REUTERS: A bidding war for Signature Aviation took a new twist on Friday as former Gatwick owner GIP joined forces with Blackstone and Bill Gates' investment vehicle on an offer valuing the private jet services firm at US$4.73 billion. Signature said it was recommending the new proposal and ......

Southeast Asia technology group Sea's shopping arm Shopee has apologised over an online advertisement in Indonesia that ignited uproar on social media for mocking victims of sexual harassment and abuse.

Deep-pocketed investors pumped a record US$4.2 billion into big technology stocks last week, BofA's flow data showed on Friday, taking advantage of the slight pullback on Wall Street while retail traders were busy buying stocks such as GameStop.