Study of municipal finances shows 102 cities made payments accounting for 10% or more of their resources in 2022; debt obligations are so high it is limiting state capacity to boost the economy

Combined profits for listed Chinese brokerages dropped 34% in 2022 and the lacklustre recovery this year has already spurred some companies to cut jobs

Indians have been asked to deposit or exchange their 2000-rupee notes by Sept 30, 2023; the move comes ahead of state and general elections in the country when cash usage spikes

India last year implemented a broader framework to facilitate overseas trade in rupees through vostro accounts

Chinese e-commerce giant's shares fell by 5% in Hong Kong, before recovering some losses, after news SoftBank will greatly reduce its key stake in Alibaba

The prosecutor said HSBC disbursed $111.7 million in March 2020 to Hin Leong as payment for two 'fabricated' oil sales contracts the trading firm purported to have made

The South Korean anti-monopoly regulator has fined Google close to $32 million for blocking the release of mobile video games on a competitor's platform

Russia's central bank has been calling for companies and citizens to move assets into rouble or 'friendly' currencies to avoid the risk of them being blocked or frozen amid sanctions over war in Ukraine

China's long-term battle to reduce the dollar's dominance in world trade took two steps forward this week, with the first LNG trade in yuan, plus Brazil agreeing to trade via local currencies

The Chinese e-commerce giant on Tuesday announced the biggest rejig in its history, which will see it split into six independent units; the news comes after founder Jack Ma returned home

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

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