The initiative will employ India's homegrown payments network UPI, which processes over 20 billion transactions every month

The RBI proposal allows firms to raise up to $1 billion or 300% of net worth, instead of its earlier $1.5 billion cap and specific approval for larger sums.

High-profile American speakers ramp up optimism at Token2049, where the future of digital assets seemed a long way from their government's shutdown

The Reserve Bank said ASX's clearing and settlement units fall short on regulatory standards and it needs to make big changes to its culture and risk management

Chinese shareholders' stake will be cut to below 20%, while Andreessen, Silver Lake and Oracle look set to be key players in the new firm running TikTok in the US

Chinese officials have unveiled a plan to double the country's storage capacity for 'new energy' to 180 gigawatts (GW) by 2027.

Giant US hedge fund sold its entire holdings in about 16 Chinese stocks and two China-focused funds between April and June. Move puts a spotlight on concern about China stocks listed in the US

Leaders accept peace proposal, while debate rages on why fighting flared. Bangkok says it stems from a Thai crackdown on a notorious scam centre operator.

Analysts say there is renewed appetite for a global yuan as aggressive tariffs shake faith in the American currency and other US assets

Prices of goods posted from China valued under $800 will soar from Friday (May 2), when the "de minimus" trade loophole ends and new tariffs begin

Members of the European Parliament 'may have been offered trips to China and cash to support the company' while it faced pushback in Europe, local media reports allege

TSMC and other chipmakers are watching Trump Administration moves closely amid reports the agency dispersing chip subsidies is set to be gutted by job cuts; Beijing says Taiwan is giving TSMC to the US like a 'souvenir'