Thursday, October 23, 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:
German industry downgrades growth forecast (49 secs ago)
UK retail sales fall in warm September: data (2 mins ago)
Eurozone business activity picks up, worries remain: survey (36 mins ago)
Hang Seng dips on profit-taking (43 mins ago)
European stock markets drop at open (1 hr 15 mins ago)
Daimler says profits up strongly in Q3 (1 hr 16 mins ago)
Tesco chairman quits over profits fiasco: company (2 hrs 17 mins ago)
Nikkei ends lower (2 hrs 21 mins ago)
Manufacturing moving from China to US: survey (10-23 12:28)
US billionaire's hedge fund dumps Sony stake (10-23 12:24)

More breaking news >>

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