President Xi Jinping’s plan is supported by Russia and Turkey, but regarded with suspicion by major economic powers such as India and Japan.
The digital currency has risen sharply since the start of the year and is above the US$1,800 level for the first time.
The pace of change and transformation across the financial services industry created by new technology will see emerging trends extend worldwide over the next few years.
The banking sector has had its own way for many years, but today it pays to look beyond the norm and non-bank funding options when it comes to financing business.
Finance minister Arun Jaitley has pencilled in a rate of 7.2% for this year, accelerating to 7.7% in 2018.
The venture between Frost & Sullivan and blockchain funder Outlier Ventures identifies 130 major blockchain start-ups worldwide.
Today marks the closing day of the European Commission’s public consultation on the capital markets union (CMU) mid-term review.
China’s government expects trade with countries within the initiative to grow from the current figure of US$1 trillion to US$2.5 trillion within five years.
The International Chamber of Commerce (ICC) Banking Commission’s head of policy highlights the appeal of trade finance to institutional investors and explains how to make trade finance more accessible.