China Settles First LNG Trade in Yuan in Latest Hit to Dollar

China's long-term battle to reduce the dollar's dominance in world trade took two steps forward this week, with the first…

3 days ago

Alibaba Shares Jump After News it Will Split Into Six Units

The Chinese e-commerce giant on Tuesday announced the biggest rejig in its history, which will see it split into six…

5 days ago

Alibaba to Rejig Operations Into Six Units to Lift its Mojo – SCMP

Chinese tech giant will reorganize its businesses into six independently run entities to shorten its decision-making processes, CEO Daniel Zhang…

5 days ago

India Using SWIFT Payment System For Dollar Trade With Russia

Many Russian banks have been blocked from the SWIFT network due to Western sanctions over Moscow's invasion of Ukraine

2 weeks ago

India Push to Settle Global Trade in Rupees ‘Not Without Risks’

Last July, the RBI introduced a new mechanism to settle international trade in rupees, aiming to promote exports and facilitate…

3 weeks ago

Binance Makes Another Bid For Singapore Licence Amid US Probe

Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services

1 month ago

India and Singapore Launch First Overseas Payments Link

"This will enable people from both the countries to immediately and at low-cost transfer funds (by) just using their mobile…

1 month ago

Amazon in Talks to Buy India Video Outlet MX Player – TechCrunch

Amazon is talks with Times Internet on the possibility of buying MX Player, one of India's largest on-demand video streaming services,…

2 months ago

Alibaba Sells Final Stake in India’s Paytm For $167 Million

Chinese tech giant's sell-out comes days after Paytm posted its first-ever quarterly operating profit. Meanwhile, Morgan Stanley Asia bought 5…

2 months ago

New System Needed to Regulate Big Tech in Finance, BIS Says

Tech giants like Alibaba have long been involved in financial services and some also do cloud computing to run services…

2 months ago

Paris Club Seen Giving Sri Lanka Support for IMF Bailout

The Paris Club of creditor nations is ready to provide financing assurances for Sri Lanka, which needs the backing for…

2 months ago

Huge Debts Limiting Services in Some Chinese Cities – CNN

Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is…

2 months ago