Financing

Singapore's goods and services tax, or GST, will increase from 7% to 8% on January 1. It is the first of two planned increases in the GST; the second is expected to occur in January 2024, at which point...

Flipkart and PhonePe announced the full ownership separation of PhonePe, one of India’s largest digital payments platforms. Establishing these businesses as individual entities will allow both to chart their own growth paths, as they continue building offerings that provide...

Mid Penn Bancorp, Inc, headquartered in Harrisburg, Pennsylvania, and Brunswick Bancorp headquartered in New Brunswick, New Jersey, jointly announced the signing of a definitive merger agreement pursuant to which Mid Penn will acquire Brunswick in a combination cash and...

CoreChain Technologies, the first B2B payments network built on blockchain, announced that it has partnered with Odoo, a leader in open-source all-in-one business software, to provide embedded B2B payments and financing for Odoo’s ecosystem of eight million users. The CoreChain...

Acin, the global operational risk control data network has closed $24 million in Series B funding from a consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group. Existing investors including Notion Capital,...

For the fourth consecutive month, China held its benchmark lending interest rates steady on December 20, as predicted by the majority of market observers, who still anticipate additional monetary easing to support a faltering economy. The five-year LPR was maintained...

The British government has announced a significant overhaul of financial rules in what is perceived as an effort to support the nation's position, which has been shaken by Brexit. The UK's exit from the EU increased competition from Amsterdam, Paris,...