China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve’s Jackson Hole symposium for any further…
Tag: China
China Proposes Its Social Credit System to Regulate the Metaverse
According to some experts, the idea of providing each person with a digital ID that also contains their social traits and other personal information is more akin to the Chinese social credit…
Chinese artist Yue Minjun’s NFTs: a parody or a response to market shift? – South China Morning Post
Chinese artist Yue Minjun’s NFTs: a parody or a response to market shift? South China Morning Post Source link
Chinese artist Yue Minjun’s NFTs: a parody or a response to market shift? – South China Morning Post
Chinese artist Yue Minjun’s NFTs: a parody or a response to market shift? South China Morning Post Source link
China Is Binance Exchange’s Dominant Market despite Crypto Ban
Binance’s influence is undeniable as the exchange boasts a staggering total of over 128 million users worldwide. Binance, the world’s largest crypto exchange, has defied all expectations by maintaining its position as…
Starbucks Rebounds in China as Its Q3 2023 Sales Miss Estimates
Starbucks’ operating margin benefited from improved productivity and higher menu prices; it rose to 17.3% from 15.9%. Starbucks on Tuesday, Agust 1, 2023, reported its financial results for its 13-week fiscal Q3…
Bank of China Launches Offline Payment Trial for Digital Yuan
For now, the e-CNY app has a limit of 500 yuan ($77) per transaction and 10,000 yuan ($1,540) per day for offline payments. The Bank of China is cooperating with China Telecom…
Circle CEO Advocates for Yuan-Backed Stablecoins Instead of CBDC in China
China has been at the forefront of CBDC development, with ongoing trials and pilot programs for the digital yuan. Jeremy Allaire, the co-founder and CEO of stablecoin issuer Circle Financial, has recently…
Nvidia (NVDA) Stock Plunges after Reports US Could Expand Restrictions on Chip Exports to China
Both Nvidia and AMD stock might continue to plunge if the US Commerce Department extends its restriction on shipping specific chips to China. Nvidia Corp (NASDAQ: NVDA) stock fell in after-hours trading following…
Saudi Aramco Expects Strong Oil Demand from China and India despite Economic Downturn
The state-owned Aramco believes that the oil demand forecast for the rest of 2023 is solid even though metrics point to a dwindling economy. Saudi-owned oil and gas firm Saudi Aramco has…
