Latest Visa Inc News

Asian stocks follow Wall Street lower on trade war jitters

Aug. 13, 2019 12:22 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Tuesday amid anxiety the U.S.-Chinese trade war will hurt already slowing global economic growth. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all retreated. Investor anxiety has been fed by President Donald Trump's threat of new U.S....

Visa Inc. 3Q profits rise 11%, beating expectations

Jul. 23, 2019 6:03 PM EDT

NEW YORK (AP) — Payment processor Visa Inc. said Tuesday that its fiscal third quarter profits rose by an adjusted 11% from a year earlier, as more consumers spent more on Visa credit and debit cards. The San Francisco-based company reported a profit of $3.10 billion, up from $2.33 billion last year. The...

Facebook's digital currency may flourish where banks don't

Jun. 28, 2019 3:15 PM EDT

NEW YORK (AP) — Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra? Facebook's new Libra digital currency is aimed at a huge potential market for financial services — the entire developing world, with billions of people in areas such as India and...