Rent or buy? Borrow or share? In the land down under, this isn’t about housing; it’s about cars. 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...
In an effort to bring more investments to the financial sector, the China Banking Regulatory Commission (CBRC) has overhauled rules to make things easier for foreign investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The smartphone industry is due to get a lot smaller, according to consumer chief of China’s Huawei Technologies. 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...
Smartphone sales worldwide fell in the fourth quarter of 2017 compared to the same period in 2016, marking the first decline Gartner has seen since the firm started tracking sales in 2004. A little more than 400 million smartphones were sold to consumers in the last three...
A senior official of state-run Punjab National Bank (PNB) in India was arrested by federal police as part of an investigation into a $1.8 billion scam at the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
As Venezuela struggles with hyperinflation and its currency reaches record lows, the country has reportedly sold $735 million of its “petro” cryptocurrency during day one of its presale. Yet Venezeula’s President, Nicolas Maduro, did not present evidence backing up that figure — or offer details...
The Latvian Defense Ministry is contending that corruption allegations — which resulted in the suspension of a central bank governor on Tuesday (Feb. 20) — could be part of a smear campaign to sow distrust and influence the October elections. Get the Full Story Complete...
Latvia’s banking system is facing more issues. Not only did one bank have to request emergency support after U.S. officials accused it of helping to breach North Korean sanctions, but the chief of the country’s central bank has also been hit with bribery allegations. Get...
Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime Minister Māris Kučinskis confirmed that Rimšēvičs has been detained, but has offered no official details on the case. Get the Full Story Complete...
