|Day's Range||3.770 - 3.810|
|52 Week Range||3.180 - 4.080|
|PE Ratio (TTM)||6.32|
|Dividend & Yield||0.02 (5.10%)|
|1y Target Est||N/A|
U.S.-based payment card companies, including American Express (AXP.N), MasterCard (MA.N) and Visa (V.N), are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter. The move comes against a backdrop of growing economic friction between China and the United States, after the two countries failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China. U.S. payment network operators have been waiting for more than a decade to get access to China.
We have all experienced that awkward moment during a night out. The lights turn on, the volume softens. You look around: some people are still dancing. The quantitative easing party is nearing its end: ...
China's central bank left interest rates for open market operations unchanged on Thursday, shrugging off an overnight increase in the U.S. Federal Reserve's key policy rate. The People's Bank of China (PBOC) did not explain its rationale for keeping rates unchanged, after it followed a Fed hike within hours in March. Markets had been divided over whether the PBOC would raise short-term rates again in lockstep with the Fed, with those in the "hold" camp noting that China's short-term money rates and bond yields have already been trending higher.