Global funds bought $5.8 billion worth of Chinese bonds, following added economic support from Beijing and a drop in US Treasury yields.
BUSINESS
Xi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’
President Xi Jinping said China wants to be friends with the US and said his nation won’t fight a war with anyone, one of his clearest remarks yet proclaiming a desire for peaceful ties between…
FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto
Authorities said the men enlisted foreign nationals from China and Taiwan to open U.S. bank accounts that … Read More: FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using …
China Pushes Itself Into a Deflationary Corner
An apparent drop in exports has supposedly compounded China’s economic woes lately. In fact Beijing is selling as much as ever, if not more, volume-wise. It’s the price of exports that’s dropping—8% …
China pushes back on Biden calling Xi a ‘dictator’
China’s Foreign Ministry is pushing back on President Biden calling Chinese President Xi Jinping a “dictator,” telling reporters Thursday it “strongly opposes” the comments, without mentioning Biden …
Why is the crypto market up? Bitcoin nears $38,000
Bitcoin has shown its solid resistance amid the inflation and interest rates that have already affected other financial assets, including the US stock market. The crypto market however is facing a …
Alibaba Beats But Cloud IPO Pulled
Hong Kong was hit with profit-taking, led lower by growth stocks/sectors as neither the Biden-Xi summit nor strong/better-than-expected results from Tencent and JD.com inspired buyers. Hong Kong’s …
Ramaswamy’s Crypto Policy Calls for Deregulation and Gutting the SEC
Most Read from Bloomberg Hamas Chief Who Deceived Israel Is Target No. 1 Deep Underground Biden, Xi Declare Progress After Concluding Four-Hour Summit Xi Says China Seeks to Be Friends … the first …
Crypto Firm CoinShares Looks to Buy ETFs From Rival Valkyrie
CoinShares, one of Europe’s largest cryptocurrency asset managers, has secured the option to acquire exchange-traded funds from competitor Valkyrie, which is preparing a spot Bitcoin fund that’s …
With Alibaba Cautious Over Deals, China’s Equity Capital Markets Remain Weak
Alibaba Group delayed the listing of its Freshippo grocery unit and shelved the spinoff of its cloud business—the latest sign that Chinese equity capital markets remain underwater. Alibaba has said it …
Developing a Successful Business Strategy in China
China is more important than ever in the global economy, which means that many companies have to develop a strategy for doing business there. But that’s hard to do, because in the aftermath of the…
Bear with us: China’s Xi suggests pandas may return to California
Pandas might soon be returning to California, Chinese President Xi Jinping suggested Wednesday at a dinner attended by hundreds of U.S. business leaders.
Crypto custody licence granted to Commerzbank
Commerzbank AG has been handed a cryptocurrency custody licence in Germany to launch a “broad range of digital asset services”.
