High unemployment combined with weak production and consumption point to an ever-slowing economy in China as the trade war with the U.S. continues, The Wall Street Journal reported on Wednesday (Aug. 14). Get the Full Story Complete the form to unlock this article and enjoy...
There is a debt crisis slowly but surely building in Cambodia that could see millions of people losing their homes and family farms — the result of microlending run amok amongst 15 percent of the population. And while the individual loans are small — relatively...
Decreasing demands for loans has caused a July lending slowdown for Chinese financial institutions, The Wall Street Journal reported on Monday (Aug. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Déjà vu for IOUs — and because this is China we’re talking about, it may be the world economy that ultimately pays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The intensifying U.S. trade war with China has triggered an economic slowdown and cash shortage, with Chinese businesses forced to accept IOUs, The New York Times reported on Wednesday (Aug. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Payments startup Stripe has announced that it’s opening up an office in Mexico City to take advantage of opportunities for growth in the Latin American region, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy...
In fewer than 18 months, HSBC’s chief executive officer John Flint is out, The Financial Times reported on Monday (Aug. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Cross-border trade brings with it inefficiencies in cross-currency transactions, especially for firms in emerging markets. Liquidity and transparency are lacking for so called “exotic” currencies. Fresh off a seed funding round, VertoFX Co-Founder Anthony Oduwole tells Karen Webster why an online marketplace model helps kill...
Ethiopia has softened its banking rules and opened up the financial space in the country to about five million citizens who have changed to other nationalities, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
