Taiwanese President Lai Ching-te canceled his United States visit to New York City and Dallas after U.S. President Donald Trump’s administration urged him to avoid a stopover in the Big Apple, …
Tagged By banking
Beijing officials warm to the idea of a yuan stablecoin, driven by the ‘fear of missing out’
Some Chinese officials worry that the U.S.’s decision to embrace stablecoins through the Genius Act might reverse the trend of de-dollarization.
Apple revenues surge on strong iPhone sales and rebound in China
Apple’s sales in China have also suffered from competition from local handset makers such as Huawei and Xiaomi. However, revenue from China increased 4 per cent in the quarter from a year ago, hitting …
US-China Tariff Pause Set to Expire in August
This pause provided breathing room for negotiators and businesses affected by the trade tensions. The trade conflict between the U.S. and China escalated significantly in 2018 when the United States …
20 million families to get $1,500 each as China begs parents to give birth to more children
China introduced its first national child subsidy, offering families ¥3,600 (£375; $500) annually per child under three, to counter falling birth ratesEligible parents may receive up to ¥10,800 …
China Summons Nvidia Over H20 Chip Security Days After US Talks
Chinese authorities summoned Nvidia Corp. to discuss alleged security risks related to its H20 chips, casting doubt over the domestic business of the world’s most valuable company weeks after …
China’s yuan bounces from two-month low on stronger central bank guidance
SHANGHAI/SINGAPORE: China’s yuan rebounded from a near two-month low against the dollar on Thursday, bolstered …
Asian shares are mostly higher after China-US talks end without a trade deal
BANGKOK (AP) — Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their latest round of trade talks without a deal. U.S, futures edged higher while oil prices slipped.
US-China trade war could push ECB to continue easing: Mike Dolan
The impact of U.S. tariffs on world trade flows will reverberate in numerous ways for years to come, but a potential re-routing of Chinese exports to Europe could slow inflation there and heap …
Tariff impact on China’s economy to be apparent from August onwards if there isn’t a US-China deal
Qin Yong of Sumitomo Mitsui Banking Corporation (China) says there could be a significant slowdown of China’s GDP growth in the second half of 2025, and that there could be some “very worrying” …
China Galaxy, CICC plan over $1 billion investment funds in Southeast Asia
SINGAPORE (Reuters) – State-backed investment banks China International Capital Corp and China Galaxy Securities plan to launch funds worth a total of more than $1 billion in Southeast Asia, seeking …
China’s central bank set a stronger-than-expected yuan reference rate
China’s central bank stepped in on Thursday, July 31, to stop the yuan from sliding further after the currency dropped to its weakest point in two months against the U.S. dollar. The People’s Bank of…
China Banking Corp. posts record P13B net income
The SY family-led China Banking Corp. (Chinabank) posted a record net income of P13 billion in the first half of 2025, marking a 14 percent increase from P11.4 billion in the same period last year,…
