The growth in world trade and financial technology has carried with it the specter of trade-based money laundering. The topic has been hot enough to spark commentary by John Cassara in an interview with The Wall Street Journal published Thursday (Dec. 31). The trend led the...
One of the biggest banks in Japan, Sumitomo Mitsui Financial Group, wants to boost the level of investments in financial technology firms once it is able to do so after certain rules are lifted by regulators. Get the Full Story Complete the form to unlock...
India is catching up to China’s milestones. 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. By completing this form, you agree...
The suspension of two foreign banks by the Chinese government from doing at least some cross-border business in yuan until at least March 2016 begs the question of whether the country is limiting cross-border transactions. Get the Full Story Complete the form to unlock this...
In a first for the Seattle-based chain, Starbucks has officially launched an online store in China on Alibaba’s Tmall as part of what the company referred to as an effort to expand its digital reach and consumer base in one of the world’s fastest-growing markets. Get...
2015 saw stocks gyrate on central bank policy switch ups around the globe. The trend is likely to persist as bankers seek to fine-tune monetary policy to suit their respective situations – but the ripple effects can be contagious.
If there’s anything that retail should learn from the now-deposed king of social media outrage Martin Shkreli, it’s that consumers always have a line they don’t want businesses to cross. For Shkreli, raising the price of life-saving medications should have been a no-brainer if he...
While Hong Kong has traditionally been the favored shopping destination of Chinese mainland consumers looking to grab up luxury items, it looks like 2015 may see the biggest drop in retail sales since 2003. Get the Full Story Complete the form to unlock this article...
As the FinTech industry heats up in the U.S., there’s one particular country that’s setting the pace for the financial tech world: China and its Internet companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
