City Shanghai Financial News

01.07 / 03:39

COST Provident FIVE Progressive Gap Mobile external debt Pakistan’s flawed external debt policy

Pakistan on policies to be supported by a Stand-By Arrangement (SBA) in providing USD 3 billion, the last minute rescue package for Islamabad’s acute balance of payment crisis. According to major global credit rating agencies Islamabad would be compelled to default on external borrowings without the IMF assistance. Surprisingly, Pak forex reserves are now below USD 3.5 billion, hardly sufficient for less than a month’s requirement for even essential imports.

30.06 / 15:07

COST UPS Lowe's CEO Airlines recovery India's recovery has been sharper than the rest of the world, says British Airways CEO

British Airways (BA), the national carrier of the UK is one of the largest airlines in the world. Sean Doyle who has been with BA for 20 years took over as CEO in Oct-2020. In this interview with Arindam Majumder, Doyle speaks on the recovery from pandemic and its growth plans in India.

30.06 / 14:11

Cooper Action Cooperation PM Modi and Putin discuss armed mutiny, Ukraine crisis, bilateral cooperation on phone call: Kremlin

Narendra Modi and Russian President Vladimir Putin had a phone conversation on Friday, where they discussed the situation around Ukraine and how Moscow successfully dealt with a rebellion by armed mercenaries, the Kremlin reported.PM Modi expressed his backing for what the Kremlin called the Russian leadership's decisive actions in handling the mutiny by the Wagner mercenary group last Saturday, as stated by the Kremlin. «On Friday, at the initiative of the Indian side, Russian president Vladimir Putin had a telephone conversation with PM Modi.

28.06 / 21:31

Blockchain Ethereum Staking Staked ETH surpasses 23 million in June — Nansen

The volume of Ether staked keeps reaching new heights since the Shapella upgrade in April, crossing 23 million Ether locked in June.

26.06 / 11:39

ETF regulation HSBC Banks Bitcoin services HSBC rolls out cryptocurrency services in Hong Kong: Report

Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.

16.06 / 04:49

Dogecoin Blockchain UPS Ethereum ETH Waves Platform network Has the Shanghai Update Helped Ethereum’s Price? Collateral Network Could See 35X Gains in 2023

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12.06 / 01:23

UPS Lowe's UBS Nikkei recovery Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows

China's lackluster economic recovery since emerging from strict «zero-Covid» lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors.

06.06 / 20:49

Ethereum Staking Celsius network Celsius Network's $800 Million Ether Staking Strategy Change Stretches Ethereum Validator Queue – Here's What You Need to Know

Now-defunct crypto lender Celsius Network has caused a stir with changes in its ETH staking strategy, exacerbating the already elongated queue to activate new validators on the Ethereum network.

06.06 / 20:09

BRICS The Rise of Cryptocurrencies in Arab Countries: Understanding Saudi Arabia's Latest Move

With cryptocurrencies increasingly gaining a foothold across the Arab world, some industry analysts are examining how Saudi Arabia’s plan to join China’s New Development Bank, also known as the BRICS bank, could impact on diversifying the kingdom’s financial environment.

06.06 / 18:54

regulation How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5

The lively discussion around artificial intelligence (AI) continues. Last week, dozens of AI experts — including the CEOs of OpenAI, Google DeepMind and Anthropic — signed an open statement with a single sentence: “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”

06.06 / 16:55

Blockchain Ethereum ETH Provident Aware Action The Ethereum Shanghai upgrade: Everything you need to know

Ethereum has just had its first major upgrade, or “hard fork,” since transitioning to a proof-of-stake system. The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network.

05.06 / 11:35

Blockchain UPS Ethereum Platform coinbase Staking Marinade (MNDE) Price Pumps 160%, LBR Trends On Liquid Staking Derivatives Influx

Solana-based liquidity staking derivative (LSD) coin Marinade ($MNDE) is up 160% in a continuing weekend pump as general interest in the LSD complex grows.

03.06 / 01:17

UPS Citi Digital Metro Winter Olympics China CBDC More China CBDC Public Transport Options Unveiled – Digital Yuan Readies Asian Games Debut

Digital yuan payment adoption is stepping up in China ahead of the Asian Games, with venue cities rolling out a range of central bank digital currency (CBDC) transport options.

02.06 / 12:11

Ethereum Proof-of-stake Staking US debt ceiling, declining trust in banks send ETH staking to record highs

The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, or approximately 2.46% of the total ETH supply.

01.06 / 22:03

CBDC Adoption retail Standard Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

British multinational bank Standard Chartered and PwC China have teamed up to produce a white paper on applications for central bank digital currency (CBDC) in the so-called Greater Bay Area of China – Guangdong Province, Hong Kong and Macao. Programmability will make all the difference, they concluded.

31.05 / 22:17

business Blockchain Liquidity Fraud Multichain Gate.io denies liquidity problems after Multichain CEO goes missing

Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as rumored.” The statement comes after numerous Twitter channels had alleged that the exchange was experiencing insolvency due to an alleged connection between it and the cross-chain router protocol Multichain (MULTI).

31.05 / 14:15

Arrest Reserve Trust Reserve Stablecoin Team Detained in China: PANews

A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews.

31.05 / 10:03

Stablecoin regulation Altcoin Police investigation CNHC stablecoin issuer detained by Chinese police: Report

The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer.

31.05 / 01:55

COST UPS VISA Gap Airlines end Very few U.S.-China flights are back despite the end of Covid

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.

30.05 / 17:03

UPS Reuters coinbase Tesla NVIDIA Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

Check out the companies making headlines in midday trading.

30.05 / 12:51

Target Reuters Ford coinbase Tesla NVIDIA Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more

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