Following the adoption of new rules intended to make it easier for companies to hold initial public offerings (IPOs), some Chinese technology companies newly listed on the ChiNext exchange board of the Shenzhen Stock Exchange soared on their first day of trading, CNN Business reported....
China’s banks are not immune to the recession triggered by the COVID-19 crisis. Analysts and official data indicate that some of the country’s largest banks will soon show the first drop in first-half profits since the Great Recession. Get the Full Story Complete the form...
Cross-border payments company Nium has partnered with TeleDolar, the Costa Rican FinTech platform. 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...
China-based ByteDance filed a lawsuit Monday (Aug. 24) to fight President Trump’s move to ban its video-sharing application, TikTok, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Officials in the United Kingdom have denied a published report that the U.K. is planning to end a tax on U.S. digital companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In heavily coronavirus-ravaged India, the people hit the hardest are those who have only just gotten into the middle class and those below them, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Germany’s blue-chip DAX index will be replacing Wirecard, the disgraced payments company, with a new listing for Berlin’s Delivery Hero, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
General Motors (GM) is retooling its China manufacturing plants to build electric cars in a country that reportedly contributes nearly one-fifth of its profit, the Detroit automaker announced Wednesday (Aug 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
