Indian gov't says cash crunch temporary
TheIndiangovernmentonTuesdaytermedthecashcrunchinpartsofthecountryas"temporary"andsaiditisbeing"tackledquickly.""Havereviewedthecurrencysituationinthecountry.Ov
Novartis shells out $8.7 billion to buy AveXis
Novartis(NOVN.S)saidonMondayitplanstobuyAveXis(AVXS.O)for$218pershareinacashdealtotaling$8.7billionastheSwissdrugmakeraddsacompanywhosetopdrughopeful,forspinalm
Payment apps surge amid massive hyperinflation in Venezuela
Cash-scarceVenezuelansareturningtopaymentappsastheresultofthecountry'seconomiccrisis.WithhyperinflationinVenezuelahoveringaround4,000percentandamaximumATMwithdr
China tightens rules on oversea cash withdrawals
Chinahastightenedrulesonhowmuchcashcardholderscanwithdrawoverseasinabidtoclampdownonmoneylaundering,terroristfinancingandtaxevasion,authoritiessaidSaturday.Thea
Beijing cracks down on P2P online lenders
TheBeijingInternetFinanceAssociationhasorderedP2Ponlinelenderswhoareengagedincashloanstocheckinwiththeassociation,andkeepinterestratesbelow36%,ThePaperreported.
India: Government gives incentives for digital transactions
ByAPDwriterRishikaChauhanNEWDELHI,November11(APD)--Thegovernmenthasdecidedtoencouragedigitalpaymentsbypopularizingmobilephoneapplications(apps).Inanote,theminis
China to step up oversight of online cash loans
AsonlinecashloanserviceprospersinChina,theChinesegovernmentisreadytostepupitsoversightofthislightlyregulatedindustry.JiZhihong,directorofthefinancialmarketsdepa
