Friday, November 27, 2015   

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:
CITIC Securities confirms China regulator’s investigation (11-26 20:04)
Average US rate on 30-year mortgage slides to 3.95pc (11-26 18:52)
British bank Barclays fined US$108m over financial crimes risk (11-26 18:08)
Hang Seng gives up gains at close (11-26 16:39)
Alibaba Group makes move on SCMP, insider says (11-26 14:28)
HK, China stocks rally (11-26 13:50)
Deere & Co posts profit, but sales of tractors, bulldozers drop (11-26 13:33)
US state demands fixes for 16,000 more Volkswagen, Audi, and Porsche diesels (11-26 13:11)
Volkswagen fined US$12.3 over dirty Tiguan diesels in Korea (11-26 12:39)
Osborne abandons UK tax credits (11-25 21:32)

More breaking news >>

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