China Financial News
06.05 / 15:01
Manufacturing
Continental
German Production Flags, Hit by Ukraine War and China Lockdowns
FRANKFURT—Output in Germany’s large manufacturing sector slumped in March, underscoring how the war in Ukraine and lockdowns in China are smothering Europe’s postpandemic recovery.
06.05 / 12:45
Citi
Fighting
Strategy
China's Xi urges officials to 'resolutely fight' those who question zero-Covid policy
BEIJING — Chinese President Xi Jinping headed a meeting of top leaders on Thursday that emphasized the country should stick to its «dynamic zero-Covid» policy, and warned that economic consequences would follow if it doesn't, according to state media.
05.05 / 15:05
05.05 / 10:15
Health
France's left-wing parties on the verge of historic alliance
France's left-wing parties are on the verge of joining forces ahead of the upcoming legislative elections in an effort to counter newly re-elected President Emmanuel Macron.
05.05 / 05:17
05.05 / 04:09
Government
Law
Electricity
Power
Consumption
Crypto miners
Kazakhstan ramps up power consumption reporting requirements for crypto miners
The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry's energy usage affects the local power grid.
05.05 / 02:57
Kenneth Rogoff: The odds of a global recession are rising by the day
Kenneth Rogoff, professor of economics and public policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in Financial Economics, was the chief economist of the International Monetary Fund from 2001 to 2003. He is co-author of This Time is Different: Eight Centuries of Financial Folly (Princeton University Press, 2011) and author of The Curse of Cash (Princeton University Press, 2016)
04.05 / 22:33
NFT
censorship
Hundreds of NFTs listed on OpenSea from Shanghai residents during COVID lockdown
The city of Shanghai has been in a month-long mandated quarantine, which confines its 25 million residents to their homes. Initially, the latest COVID-19 outbreak began in March of this year and developed into the worst infection zone since the beginning of the pandemic.
04.05 / 21:17
Ethereum
economics
Bitcoin
Fed Targets Inflation With Expected Half Point Hike, Will Reduce Assets
The US Federal Reserve (Fed) raised interest rates by 0.5 percentage points, to 0.75%-1%, in line with what analysts expected and what Fed Chair Jerome Powell has previously communicated. (This is a developing story and is being updated.)
04.05 / 21:15
business
Federal Reserve
Central Bank
Bitcoin Price
Fed hikes interest rates by 50 basis points in effort to combat inflation
The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the second of an expected seven rate adjustments this year. In March, the Federal Reserve raised its benchmark rate by 25 basis points, or 0.25%, marking the first upward adjustment since 2018.
04.05 / 14:57
Blockchain
cryptocurrency
Citi
cryptocurrency news
Shanghai Residents Turn To Blockchain To Record Lockdown Memories
Shanghai residents are turning to NFTs to record their memories during lockdown
04.05 / 07:31
Ethereum
Investments
CoinShares
Bitcoin
week
Bitcoin funds saw largest single week of outflows since June 2021
Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last year.
04.05 / 00:33
CBDC
regulation
Federal Reserve
Digital Dollar
Lost
Ex-Fed vice-chair Quarles has lost none of his fervor in opposing US CBDC
Former United States Federal Reserve vice-chair for supervision Randal Quarles discussed central bank digital currencies (CBDC) and the chances of the U.S. adopting such technology in an interview on the "Banking With Interest" podcast Tuesday. Quarles, who is known for his opposition to a CBDC, expressed his skepticism about the so-called digital dollar and predicted the U.S. will not introduce it.
03.05 / 09:25
UPS
HSBC
HSBC’s top shareholder Ping An urges bank break up
HONG KONG — China's Ping An Insurance has quietly taken up the role of shareholder activist, putting pressure on HSBC to consider a shake-up that could reshape one of the world's biggest financial institutions.
03.05 / 07:17
02.05 / 23:39
markets
Trading
Federal Reserve
Bitcoin
Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K
The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption.
02.05 / 14:51
Target
HSBC
Moderna
Moodys
Activision
Stocks making the biggest moves in the premarket: Activision Blizzard, Bilibili, Moody's and more
Take a look at some of the biggest movers in the premarket:
02.05 / 13:03
European Union
Russian gas: EU crisis talks seek unity over Putin's demand for payments in roubles
European Union energy ministers hold emergency talks on Monday, as the bloc strives for a united response to Moscow's demand that European buyers pay for Russian gas in roubles or face their supply being cut off.
02.05 / 09:15
01.05 / 20:23
World War II
restrictions
COVID restrictions
Italy and Greece relax some COVID restrictions ahead of tourist season
Italy and Greece eased some COVID-19 restrictions ahead of Europe's peak tourism season.
01.05 / 14:41
cryptocurrency
Platform
cryptocurrency news
Digital Banking Platform Revolut Eyeing Cryptocurrency Wallet Sector
Digital banking platform Revolut is expanding into decentralised cryptocurrency wallets
what's happening in China
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