Wto Finds China Bank Card Monopoly Breaks Rules

GENEVA/WASHINGTON (Reuters) - China discriminates against foreign bank card suppliers by maintaining state-owned China UnionPay as the monopoly supplier for clearing certain transactions, a World Trade Organization dispute panel said in a ruling published on Monday.

BING NEWS:
  • Apple Pay seeks alliance with Alipay in China
    Apple CEO Tim Cook said during his trip to China on May ... to forego its monopoly of the domestic market following an announcement by the State Council to open up the market for banking card clearance on April 22 in line with a WTO ruling in 2013 ...
    05/16/2015 - 11:07 pm | View Link
  • Why is Tobacco Advertisement Banned in almost every country in almost every way, and yet Alcohol advertisement is completely normal?
    These Brother and Sister Entrepreneurs Were Just Named the National Small Business Persons of the Year When the Missouri Star Quilt Company decided to move into a new 42,500 square foot warehouse, co-founder Alan Doan did a lot... Instagram ROI ...
    05/7/2015 - 1:00 pm | View Link
  • Foreign access to China's card clearing market next August
    The paper quoted a source from ... that the U.S. bank card suppliers were discriminated against in the electronic payments market in favour of China UnionPay. The WTO rejected a U.S. claim that UnionPay was an "across-the-board monopoly supplier" of ...
    10/31/2014 - 9:18 pm | View Link
  • Pushing back the organic movement
    This marks the beginning of the organic movement in America, and remains a badge of honor for organic activists, in spite of the fact that this ban resulted in the deaths of over 41 million people – roughly the same number of people Chairman Mao murdered ...
    07/11/2014 - 4:33 am | View Link
  • It's the Australian economy that needs saving
    The prospects for productive Australian industry are waning daily, yet we continue to sit back and debate which particular business is worth saving, writes David Llewellyn-Smith. While the nation continues to debate whether we should let this business go ...
    12/9/2013 - 3:04 pm | View Link
  • More
BING SEARCH:
  • Latest Topics | ZDNet
    Latest trending topics being covered on ZDNet including Reviews, Tech Industry, Security, Hardware, Apple, and Windows
    06/1/2015 - 3:41 pm | View Website
  • Investor Center
    by Rich Smith May 29th 2015 9:00AM. The parent companies of Giant and Food Lion supermarket chains discuss a merger, a pairing that many consumers will likely find ...
    06/1/2015 - 9:29 am | View Website
  • Financial Times
    China opens door for Visa and MasterCard Even small slice of bank card market would boost foreign players
    06/1/2015 - 7:13 am | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    05/31/2015 - 8:22 pm | View Website
  • Business News From Australia & World | afr.com
    CBA compo totals $562k for 28 customers. Clancy Yeates; The Commonwealth Bank has offered customers more than half a million dollars in compensation for poor ...
    05/31/2015 - 8:15 pm | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News