July 4 (Reuters) - One of Japan's top trust banks, Sumitomo Mitsui Trust Bank (SMTB), plans to shutter its Hong Kong branch by June next year and move most client operations to the Singapore office, Bloomberg News said on Friday. The Hong Kong branch, which manages corporate, shipping, and aviation lending, has battled rising competition from foreign banks in recent...

SHANGHAI/SEOUL (Reuters) -Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value packages from China early in May, trade groups and analysts said. Air cargo demand from Asia to North America declined 10.7% in May versus the same month a year earlier, showed data from the International Air Transport Association,...

* Air cargo demand from Asia to North America fell 10.7% in May, IATA reports * Low-value e-commerce shipments from China to US fell 43% in May, Aevean estimates * E-commerce platforms shift focus to Europe and Asia-Pacific, Rotate consultancy notes By Casey Hall and Lisa Barrington SHANGHAI/SEOUL, July 4 (Reuters) - Air cargo shipment volume from Asia has declined...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...