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ePlane, the B2B sourcing and BI platform for aerospace parts and repair, raises $9M

ePlane, described as a B2B sourcing and business intelligence platform for the aerospace parts and repair market, has raised $9 million in funding. The round is led by Japanese trading and investing c

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U.S. sanctions Russian entity to pressure Venezuela

The U.S. Department of Treasury said Thursday that it has imposed sanctions against TNK Trading International S.A. (TTI), a subsidiary of Russian oil producer Rosneft, as the latest move to pressure

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China's foreign exchange market turnover at 13.43 trln yuan in January

China's foreign exchange (forex) market reported a turnover of 13.43 trillion yuan (about 1.94 trillion U.S. dollars) in January, official data showed Friday. Specifically, turnover of forex transact

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India's Punjab National Bank detects 1.77 bln USD fraudulent transaction

India'sstate-ownedmultinationalbankingandfinancialservicescompanyPunjabNationalBank(PNB)Wednesdaydetected"fraudulentandunauthorised"transactionsworthabout1.77bi

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Indonesia central bank poised to ban Bitcoin

TheBitcoinbubbleisclosetoburstinginIndonesiaasthecountry’scentralbankissettoissuearegulationtobanallformsofcryptocurrencies.TheBitcoinsoaredtopopularityinIndone

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Festive spirit keeps e-wallets on a high in India

WhenthecallofdutykeptasoldierinJammuandKashmirthisDiwali,heusedhisPaytmdigitalwallettotransferagiftofRs1,001tohisfamilyinRaipur.AgovernmentofficialpostedintheAn

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India: Digital transactions will increase soon, says Finance Minister

ByAPDWriterRishikaChauhanNEWDELHI,September19(APD)--TheIndianfinanceministerArunJaitleysaidonMondaythatcashlesstransactionswillincreaseagain,eventhoughtheyhaved

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Cyber crimes rise in India

ByAPDWriterRishikaChauhanNEWDELHI,September10(APD)—AccordingtoexpertscybercrimeisgrowingatanalarmingrateinIndiaandcouldriseby10%bytheendoftheyear.“Cybercrimehas

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U.S. charges former Turkish minister in Iran sanctions probe

U.S.prosecutorshavechargedaformerTurkisheconomyministerandaformergeneralmanagerofaTurkishstatebankwithconspiringtoevadeU.S.sanctionsagainstIran,aU.S.attorney’so

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Bitcoin averts split as miners back new software upgrade

DigitalcurrencybitcoinonFridayavertedasplitintotwocurrenciesafteritsnetworksupportedanupgradetoitssoftwarethatwouldenhanceitsabilitytoprocessanincreasingnumbero

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As bitcoin's value rises, so does criminal activity

Bitcoinisenjoyinganimpressiverally,withitspricetriplewhatitwasatthebeginningoftheyear.Butthesurgehasalsoledtoincreasedcriminalactivitythattakesadvantageofanonym

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China testing digital version of national currency: report

Manyarguethatcryptocurrencies,suchasbitcoin,maybecomethemoneyofthefuture,andChinaseemstobetakingitupanotchbyworkingonturningeCurrenciesintoalegaltender,accordin

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Realtor ranks shrink in wake of tighter property rules

TheranksofrealestateagentsareshrinkinginmajorcitiessuchasBeijingandShanghai,inthewakeoftheongoingtighteningofregulationsbyauthoritiesandasaresultofadeclineintra

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China busts largest underground banking case

Police in East China's Zhejiang province have busted the country's largest underground banking case, which involved transactions totalling 410 billion yuan (64 bln US dollars), the Ministry of Public Security said Thursday.

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S. Korea bans financial transactions supporting DPRK

​South Korea banned financial transactions with three individuals and four institutions of the third nationalities believed to have supported the Democratic People's Republic of Korea (DPRK) through arms trade, Yonhap News Agency reported Friday citing the foreign ministry.

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UnionPay cross-border transactions surge during holiday

Chinese spent big abroad during the May Day holiday, with the number of UnionPay overseas transactions jumping 73 percent year on year, the operator revealed on Monday.