Markets Wane, Softbank Down about 5%

Asia-Pacific markets closed lower Tuesday, tracking Wall Street declines overnight ahead of the U.S. Federal Reserve meeting later this week.Investors also assessed the talks between U.S. President Donald Trump, Ukraine’s President Volodymyr Zelenskyy and European leaders at the White House, aimed at stopping the Moscow-Kyiv conflict.In Japan, the Nikkei ditched 168.02 points, or 0.4%, to 43,546.29In Hong Kong, the Hang Seng retreated 53.95 points, or 0.2%, to 25,122,90. Investment firm SoftBank Group snapped its nine-day winning streak Tuesday after its shares plunged over 5% following its…

ACCC Takes Google to Court Over Search Monopoly, Seeks $55m Penalty

The Australian Competition and Consumer Commission (ACCC) has commenced Federal Court proceedings against Google Asia Pacific over anti-competitive agreements with Telstra and Optus regarding the exclusive pre-installation of Google Search on Android mobile phones. Google has cooperated with the ACCC investigation, admitted liability, and agreed to a joint submission for a $55 million penalty. The… Read More