China Financial News
23.05 / 17:57
Digital
Cooper
Platform
Biden Kicks Off Economic Group Linking U.S., Asia
President Biden and leaders from a dozen countries in the Indo-Pacific region on Monday endorsed a new economic platform meant to counter China’s influence through cooperation on global issues such as supply chains, clean energy and digital rules.
23.05 / 17:33
markets
Bitcoin
Bitcoin Price
open
Bitcoin price coma greets Wall Street open amid signs market ‘calling for rally’
Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility.
23.05 / 12:55
Blockchain
UPS
CEO
expansion
International
Chinese-based BSN to Launch First International Expansion in August: CNBC
Chinese state-backed blockchain company Blockchain-based Service Network (BSN) is reportedly to launch an international project within serval months, according to CNBC, citing people with the matter.
23.05 / 11:45
US would intervene with military to defend Taiwan, says President Biden
President Joe Biden said Monday that the US would intervene militarily if China were to invade Taiwan, adding that the burden to protect Taiwan is "even stronger' following Russia's invasion of Ukraine.
21.05 / 20:11
Prime Minister
London
Conservatives
Labour topples conservatives in Australia as Anthony Albanese elected 31st PM
Australia’s centre-left opposition party toppled the conservative government after almost a decade in power, and Prime Minister-elect Anthony Albanese in his Saturday election victory speech promised sharper reductions in greenhouse gas emissions while he faces an early foreign policy test.
20.05 / 20:11
Manufacturing
Google
JPMorgan
Enterprise
Stocks making the biggest moves midday: Deere, Foot Locker, Palo Alto Networks and more
Check out the companies making headlines in midday trading.
20.05 / 19:15
Who Won the U.S.-China Trade War?
Between 2018 and 2020, the U.S. and China fought the biggest trade war since the 1930s, hiking tariffs, upending markets and threatening to plunge the global economy into recession. Since then, the battle has been the subject of dozens of economic studies and lots of political posturing in both countries.
20.05 / 19:15
Target
Rate Cut
China’s Central Bank Makes Unexpected Rate Cut as Growth Crumbles
SINGAPORE—China’s central bank cut a key interest rate while keeping another unchanged, an unexpected policy shift that economists said would likely help the country’s moribund housing market but bring only limited relief to its struggling economy.
20.05 / 18:53
UPS
Lowe's
Twitter
CEO
The CEO of the world's second-largest alternatives firm is optimistic about a light recession
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20.05 / 15:03
UPS
Samsung
Biden Visits Samsung in South Korea to Shore Up Tech Allies in Countering China
SEOUL—President Biden began his three-day trip to South Korea with a visit to a Samsung Electronics Co. semiconductor plant, underscoring the technology ties between the countries as the U.S. seeks to strengthen supply chains and reboot its own manufacturing amid competition with China.
20.05 / 04:33
20.05 / 03:41
Goldman Sachs picks Chinese stocks with the most room to bounce back as Covid eases
As Covid cases in mainland China drop, Goldman Sachs analysts say they're «seeing light at the end of the tunnel.» Here are some of the stocks they say are poised to make the biggest comebacks if business activity returns to normal.
19.05 / 20:21
NFT
defi
Metaverse
Updates
Crypto exchange announces project restart with airdrop, token sale and launchpad updates
Cryptocurrencies are often positioned as the next big technological advancement. However, few understand the true potential that the asset class is able to unlock. To realize the potential held in these digital assets, centralized cryptocurrency exchanges have become crucial for accelerating the speed at which users can purchase their first coins and begin participating in the world of blockchain.
19.05 / 19:33
19.05 / 15:17
19.05 / 14:17
BLOCK
China Insists Party Elites Shed Overseas Assets, Eyeing Western Sanctions on Russia
HONG KONG—China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.
19.05 / 10:31
cryptocurrency
CryptoExplainer
Cross-border
Costs
South Africa Eyes Digital Rand To Cut High Cross-Border Payment Costs
South African central bank eyes digital rand to cut cross-border payment costs
18.05 / 13:47
18.05 / 12:55
Citi
Target
JPMorgan
Goldman Sachs cuts its China GDP forecast to 4% on Covid controls
BEIJING — Goldman Sachs analysts on Wednesday cut their forecast for China's GDP to 4% after data for April showed a slump in growth as Covid-19 controls restricted business activity.
18.05 / 12:43
Blockchain
ETH
Citi
Everest
Animoca Brands, Blowfish Studios Announces Closure of Planet Private Sale for Phantom Galaxies
Hong Kong-based Animoca Brands and Blowfish Studios announced the closure of one of the most anticipated AAA blockchain games.
18.05 / 12:43
Provident
Digital
Mobile
Future
E-HKD’s Development in Hong Kong- The Future Way of Currency?
A study shows that 90% of surveyed central banks worldwide are exploring the future issuance of central bank digital currencies (CBDCs). Blockchain.News interviewed industry experts to find out the outlook of Hong Kong’s digital currency and its potential adoption.
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