What will the ripple effects be for retailers (in the U.S. and around the globe) as China’s economy shrinks? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
After reaching its highest level in eight years in February, consumer inflation in China lessened last month. The country’s consumer price index increased 4.3 percent in March compared to the same time last year, the Financial Times reported, citing the National Bureau of Statistics of China. Get...
For China’s Luckin Coffee, call it a jolt of the most unpleasant sort. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Singapore has set out its third stimulus package as the country’s economy reels from the worldwide spread of COVID-19. Government officials said today (April 6) that the $3.6 billion would include wage subsidies for companies, rental waivers and cash payouts for all Singaporean adults, per...
The People’s Bank of China (PBOC) trimmed the amount of cash some banks must put aside as reserves as a way to encourage lending, as the world’s second-largest economy is set for the slowest growth since the 1970s. Get the Full Story Complete the form...
As government bodies have eased controls to combat disease and let manufacturing facilities open again, manufacturing in China bounced back in March. The purchasing managers’ index increased from last month’s record low of 35.7 to 52, the Associated Press reported. Get the Full Story Complete...
The coronavirus outbreak has affected virtually all aspects of the economy, including the fashion industry, which has been grappling with how to pay for supply orders from garment makers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
More than 12 state-owned financial institutions in China are offering incentives to boost consumer lending despite an increase in the number of people defaulting, a report in The Financial Times (FT) indicated on Sunday (March 22). Get the Full Story Complete the form to unlock this...
