Friday, September 19, 2014   

Alibaba, Tencent okayed to start private banks
(03-11 15:05)

The mainland banking regulator says companies including Alibaba and Tencent have been picked to set up China’s first five private banks.
Shang Fulin said the private banks will be expected to operate independently and according to market principles.
Shang said preparatory work still was underway.—AP
   
Other Business breaking news:
Alibaba sets IPO share price at US$68 (11 mins ago)
London stocks surge after Scotland rejects independence (13 mins ago)
Japan downgrades economic assessment as PM promises reform (1 hr 48 mins ago)
Chinese buyers lead charge in iPhone 6 global debut (2 hrs 25 mins ago)
Hang Seng dips, Shanghai gains (09-18 16:17)
Nikkei jumps on weaker yen (09-18 14:44)
Hang Seng down by break (09-18 12:20)
Warner Brothers plans to cut up to 1,000 jobs (09-18 11:30)
Amazon to launch new tablets (09-18 11:19)
Falling yen lifts Nikkei by break (09-18 11:00)

More breaking news >>

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