Shares of American Express (NYSE: AXP) gained 3% on Friday to partially offset losses from earlier in the week. The People’s Bank of China (PBOC) finally announced today it has approved a network clearing licence for the American Express joint venture. Fundamental analysis: American Express enters the biggest card market in the world The PBOC issued a statement today to confirm that American Express’ joint venture in China – Express (Hangzhou) Technology Services Co. – has received a network clearing license to launch operations. A joint venture between American Express and LianLian DigiTech Co Ltd. will now become the first
The post American Express stock price pops 3% as its Chinese JV gets final approval to launch appeared first on Invezz.
