Ride-hailing service Grab commits $100 million for Myanmar growth in latest challenge to Uber

Grab said it wanted to launch its payments platform, GrabPay, and build a local team of up to 200. Both Grab and Uber launched services in Yangon earlier this year seeking growth in a market where internet penetration has exploded from next to nothing a few years ago...

Moody’s economist: The Fed still needs to convince the market that more hikes are coming

The U.S. Federal Reserve must do a lot of work to convince skeptical markets that interest rate hikes are in the cards, said Mark Zandi, chief economist at Moody’s Analytics. “Markets still aren’t quite convinced. They haven’t bought into the...