Asia Pacific cross-border payment startup Airwallex lands $3M

https://techcrunch.com/2016/07/08/asia-pacific-cross-border-payment-startup-airwallex-lands-3m/ Fintech companies are continuing to draw interest from investors in Asia. The latest company to pull in financing is Airwallex, a China-Australia startup that specializes in cross-border transaction…

Crashing consumer confidence is a horrible sign for post-Brexit Britain

http://www.businessinsider.com/brexit-aftermath-gfk-consumer-confidence-survey-2016-7 British consumers saw their confidence in the UK's economy fall at the sharpest rate in almost 22 years after the vote to leave the European Union, according to the latest survey from market res…

China’s yuan eases, unexpected FX reserve rise fails to cheer market

http://www.financialexpress.com/article/markets/world-markets/chinas-yuan-eases-unexpected-fx-reserve-rise-fails-to-cheer-market/310209/ The yuan slipped against the dollar on Friday, even after China reported a surprise increase in June foreign exchange reserves, while traders said a weakening yuan could trigger more capital outflows…