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Postal Savings Bank Of China Filed For An $8 Billion IPO, Bloomberg Reports
Friday, July 1, 2016 - 8:56am | 270The Postal Savings Bank of China is the country's second largest bank in terms of retail presence with nearly 40,000 branches across the country. The bank is also owned and operated by the State Post Bureau, China's official government agency that oversees the postal service. In a somewhat...
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Launch Of Apple Pay In China Causes Service Issues
Monday, February 22, 2016 - 11:53am | 237Apple Inc. (NASDAQ: AAPL)'s launch of its mobile payment system, Apple Pay, in China appears to be off to a rough start. Related Link: Apple Pay Reportedly Enters China, And France Could Be Next According to China-based Caixin, many users had trouble setting up the new service which went...
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Market Wrap For March 11: Markets End Slightly In The Red As Ukraine Worries Persist And Continued Chinese Conerns
Tuesday, March 11, 2014 - 4:42pm | 2333U.S. stocks declined as investors continue to question China's growth prospects following Monday's shocking report that its exports had tumbled in February. Certainly not helping investor sentiment is the fact that Crimea's parliament voted to declare independence from Ukraine. This weekend,...
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Market Wrap For December 5: Market Participants Anxiously Await Tomorrow's Employment Report
Thursday, December 5, 2013 - 6:00pm | 2246Stock futures pointed to a lower open following premarket data revealing that the U.S. economy and job market are improving faster and stronger than expected. Selling began at the bell and continued for the entire day as major indices failed to hold on to any rallying gains. Investors and...