Alphabet-owned Google says it will partner with international and domestic manufacturers to produce the handset locally

CSRC seeks to bolster the yuan by imposing a ban on local brokerages and their units overseas from opening accounts for new clients wanting to trade offshore

The new governor of the People's Bank of China has been described by some as a hawkish and capable technocrat experienced in crisis management

Central banks around the world have been working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector, the BIS said this week

Bankers said on Wednesday the RBI is calling for more lenders to take part in pilot programmes using the e-rupee in a bid to push the number of transactions to a million a day

Friday's $984 million fine on Ant Group, one of the largest ever for a Chinese internet company, is largely being seen as an end to Beijing’s tech crackdown

Investors reacted to a mixed bag of cues with China’s factory prices slump, Wall Street uncertainty and Beijing’s tech crackdown all playing a part

The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company

The penalty will pave the way for fintech giant to become a financial holding company and eventually allow it to revive its plan for a stock market listing.

Insiders and analysts say Pan Gongsheng is known as a risk averse financial technocrat, who played a key role in crackdowns on perceived threats over the past decade

No Chinese firm has listed in US or Hong Kong under the new exhaustive rules, frustrating firms and investment bankers

The deal is the latest unveiled after Prime Minister Narendra Modi’s visit to the US which also saw similar announcements from Micron and Applied Materials