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China’s money market fund assets hit record high

AssetsmanagedbyChina'smoneymarketfundshavehitarecordhighassavers'demandsforhigherreturnsoninvestmentremainstrong,latestdatashowed.Moneymarketfundsmanagedover6.8

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6 arrested for fake money production in NW China

Sixsuspectshavebeendetainedforproducingcounterfeitmoney,innorthwestChina'sNingxiaHuiAutonomousRegion,localpolicesaidWednesday.PoliceinYinchuan,capitalofNingxia,

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Facebook may spend a 'few billion dollars' on sports streaming deals

Facebookhascertainlydabbledinlivesportsstreamsbefore,butitappearsreadytojumpinwithbothfeet.SourcesforSportsBusinessJournalclaimthatFacebookishiringanexecutiveto

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Venezuela will start its own digital currency to beat sanctions

TheauthoritarianstreakofVenezuela'srecentleadershascostthecountrydearly.Mismanagementandsanctionshavecrippleditsinfrastructure,itsmoneyisincreasinglyworthlessan

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M2 slowdown will not significantly affect real economy

People’sDaily,themouthpieceoftheCommunistPartyofChina,hasrunacommentarytocombatthebeliefthatmoneysupplyhasdroppedtoanewrecordlow,whichcameafterthereleaseofnewda

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China’s M2 slowdown will not significantly affect real economy: media

People’sDaily,themouthpieceoftheCommunistPartyofChina,hasrunacommentarytocombatthebeliefthatmoneysupplyhasdroppedtoanewrecordlow,whichcameafterthereleaseofnewda

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Sloane Stephens eyes Christmas to spend US Open cash

SloaneStephensisthecomebackqueen.TheUSOpenwomen'stennischampioncapturedtheWTAComebackPlayeroftheYearawardbyjumpingmorethan900spotsintheworldrankingsintwomonthst

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UK banks exposed to money laundering in South Africa

UKbanksmayhavebeenusedtolaundermoneystolenfromSouthAfrica,aformercabinetministerhasallegedinalettertoChancellorPhilipHammond.LordPeterHainsaidaSouthAfricanwhist

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Russia hopes to launch its own digital currency

Russiahasbeentalkingopenlyabouttheprospectofcreatingitsowncryptocurrency,anditlookslikethecountrymightturnthosewordsintoaction.LocalnewsoutletsreportthatCommuni

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Holiday making: China vs the West

China’sNationalDayholidayishereagain.Itisestimatedthatabout600millionChinesewilltravelduringGoldenWeek.MostpeopleapplaudthisasmoreandmoreChinesecanaffordtravel,

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Clever dog with cash stash pays for her own treats

A5-year-olddognamedHollyknowsthepowerofmoney.She'sbuiltupastashofdollarbillstokeepthe"cookies"coming.Herowner,CasiCook,saidHollyrealizedveryearlyonthatmoneycoul

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Saudi steps up fight against terrorism financing

SaudiArabianMonitoryAgency(SAMA)announcedMondaythesuspensionofthreemoneyexchangecompaniesformonitoryandregulatoryviolations.SAMAannouncedinastatementthatthoseco

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Indonesia tightens rules to curb money laundering, terror funding

Indonesiahasissuednewregulationsaimedatcurbingmoneylaunderingandterror-relatedfinancingacrossabroaderrangeoffinancialserviceproviders,includingmoneychangers,cre

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99% banned currency notes returned, says Reserve Bank of India

ByAPDWriterRishikaChauhanNEWDELHI,August31(APD)—AccordingtoReserveBankofIndia’sannualreportreleasedonWednesday,99%ofthecurrencynotesbannedinNovemberlastyear,hav

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India rupee: Illegal cash crackdown failed - bank report

Indiansreturnedalmostallofthehigh-currencynotesbannedinlastyear'sshockgovernmentcrackdownonillegalcash,thecentralbanksays.Itsaid15.28tnrupees($242bn)-or99%-ofth

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Chief of Australia’s biggest bank to retire amid laundering scandal

The chief executive of Australia's biggest bank, the Commonwealth Bank of Australia, will retire by the end of 2018 financial year, the company said Monday, amid pressure from regulators over alleged breaches of money laundering and terrorism financing laws.

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India imposes trading curbs on suspected shell companies

Indiaimposedtradingrestrictionson162listedentitiesidentifiedasshellcompanies,asurprisemovethatanalystssaidwaspartofabroadcrackdownonillegaloffshoretransfersandt