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Indian gov't says cash crunch temporary

TheIndiangovernmentonTuesdaytermedthecashcrunchinpartsofthecountryas"temporary"andsaiditisbeing"tackledquickly.""Havereviewedthecurrencysituationinthecountry.Ov

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Novartis shells out $8.7 billion to buy AveXis

Novartis(NOVN.S)saidonMondayitplanstobuyAveXis(AVXS.O)for$218pershareinacashdealtotaling$8.7billionastheSwissdrugmakeraddsacompanywhosetopdrughopeful,forspinalm

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Payment apps surge amid massive hyperinflation in Venezuela

Cash-scarceVenezuelansareturningtopaymentappsastheresultofthecountry'seconomiccrisis.WithhyperinflationinVenezuelahoveringaround4,000percentandamaximumATMwithdr

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China tightens rules on oversea cash withdrawals

Chinahastightenedrulesonhowmuchcashcardholderscanwithdrawoverseasinabidtoclampdownonmoneylaundering,terroristfinancingandtaxevasion,authoritiessaidSaturday.Thea

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Beijing cracks down on P2P online lenders

TheBeijingInternetFinanceAssociationhasorderedP2Ponlinelenderswhoareengagedincashloanstocheckinwiththeassociation,andkeepinterestratesbelow36%,ThePaperreported.

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India: Government gives incentives for digital transactions

ByAPDwriterRishikaChauhanNEWDELHI,November11(APD)--Thegovernmenthasdecidedtoencouragedigitalpaymentsbypopularizingmobilephoneapplications(apps).Inanote,theminis

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China to step up oversight of online cash loans

AsonlinecashloanserviceprospersinChina,theChinesegovernmentisreadytostepupitsoversightofthislightlyregulatedindustry.JiZhihong,directorofthefinancialmarketsdepa

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