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Day: June 15, 2020

Jun 15
Asian stocks, oil sell off on second wave fears

Asian stocks stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. Asian stocks MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1%. South Korea easing […]

Jun 15
American Express Receives Clearance to Begin Processing Local Transactions in Mainland China

American Express announced that joins forces in mainland China with Express (Hangzhou) Technology Services Company Limited (“Express Company”), has received approval from the People’s Bank of China (PBOC) for a network clearing license. With this, American Express becomes the first foreign payments network to be licensed to clear RMB transactions in mainland China. The company […]

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