Saturday, July 26, 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:
BSkyB to take over Italian, German pay TV networks (07-25 18:02)
Russia raises interest rate on geopolitical tensions (07-25 17:51)
China adds 7.4m jobs in first half (07-25 17:21)
German business confidence down in July (07-25 16:43)
Hang Seng finishes on positive column (07-25 16:09)
RBS reports sharp recovery (07-25 16:07)
European markets open lower (07-25 16:06)
German consumer confidence improves (07-25 14:41)
Nikkei ends at six-month high (07-25 14:27)
Resale home price down in second quarter (07-25 12:42)

More breaking news >>

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