PRESS DIGEST- Wall Street Journal - March 18
March 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Uber has agreed to pay A$272 million ($178.49 million) to settle a class-action lawsuit in Australia that claimed the company destroyed the livelihoods of taxi and hire-car drivers, a law firm said.
- BofA Securities and UBS seen as front-runner banks to secure a mandate from KKR to conduct the sale of its stake in a Philippines-based hospital business, with the business valued between $2.5 billion and $3.0 billion.
- Cuba's state-run telecommunications company cut down mobile internet service in parts of the Communist island as hundreds of demonstrators took to the streets to protest power outages and food shortages.
- Influential economic advisers to Donald Trump presented the former president with a shortlist of potential candidates to lead the Federal Reserve during a meeting at his Mar-a-Lago club in Florida.
- XPeng's shares rose after the Chinese electric-vehicle maker disclosed plans to launch a cheaper mass-market brand amid intensified competition in China's EV market. ($1 = 1.5239 Australian dollars) (Compiled by Bengaluru newsroom)
