Chinese banks are easing loan requirements in an attempt to stimulate a stalled economy and fulfill the government’s goal to increase small business lending by 30 percent, the Financial Times reported on Sunday (Dec. 29). Get the Full Story Complete the form to unlock this article and...
Ghana is looking to drop its currency, the cedi, to join the new West African currency called “eco,” anticipated to replace the CFA franc as early as 2020, Reuters reported. Ghana is not part of the West African Economic and Monetary Union (UEMOA), which is...
U.K. insurers will not be covering as much digital property and data as they previously did, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Italy has announced that it’s going to follow in France’s footsteps and tax big tech companies, a move that threatens to further complicate relations with the United States over the issue, according to a report by The Wall Street Journal. Get the Full Story Complete...
Chinese eCommerce company JD.com Inc.’s logistics unit is in early discussions with various banks about a potential initial public offering (IPO) that could raise $8 billion to $10 billion, according to sources close to the matter, Reuters said. Get the Full Story Complete the form...
To see whether its internet services could work if it were to be separated from the worldwide internet, Russia conducted a series of tests. The review occurred during multiple days on networks that were specially designated, Reuters reported on Monday (Dec. 23). Get the Full Story...
Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. Get the Full Story Complete...
SoftBank’s negotiations with Japan’s three dominant lenders to procure $3 billion as part of a $9.5 billion WeWork bailout have been hindered by lending limits, Reuters reported on Monday (Dec. 23), citing sources. Get the Full Story Complete the form to unlock this article and...
A few decades ago, a certain acronym was a darling of Wall Street, a place where acronyms thrive. 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...
