Category: FINANCE

Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China that would have boosted its presence in the country by allowing it to set up its own branch network ... ( read original story ...)

Payments in China are now done mostly online and through apps, which has made life easier. Even before coming to China, international travelers can use their foreign mobile number to register in ... ( read original story ...)

Xiao-I, which raised US$39 million from its IPO in March, wants international sales to account for half of its revenue, founder and CEO Yuan Hui says The Shanghai-based firm aims to sharpen its focus ... ( read original story ...)

Asian shares are mixed in directionless trading following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy ... ( read original story ...)

Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent ... ( read original story ...)

The New Development Bank (NDB), which funds infrastructure developments in emerging economies, is looking to finance more projects in local currency as a way of avoiding fluctuations in exchange rates ... ( read original story ...)

Sources: FactSet, Dow Jones Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet ... ( read original story ...)