Cryptocurrencies surged on Monday and are stable on Tuesday amid growing Wall Street chatter about peak inflation/Fed hawkishness.
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Chinese state media signals tighter crypto regulations in Terra aftermath
The Chinese state-owned media outlet the Economic Daily published an article signaling China may impose further regulations on stablecoins after UST collapsed earlier in May.
China Gains from Russia-Ukraine War – Increases Aluminium Exports to Europe
Known for shrewd diplomatic moves, China is exploiting the Russia-Ukraine situation and increasing its aluminium exports which outstrips its imports manifold and these new dynamics have spurred …
Oil surges to 2-month high of $123 after EU agrees to ban most Russian crude imports and China eases COVID rules
After weeks of wrangling, EU leaders have agreed a deal to slash oil imports from Russia by as much as 90% by the end of the year.
China Takes Advantage of Russia-Ukraine War, Increases Aluminium Exports to Europe
Known for shrewd diplomatic moves, China is exploiting the Russia-Ukraine situation and increasing its aluminium exports which outstrips its imports man …
China’s manufacturing activity contracted again in May
China’s official manufacturing purchasing managers index rose to 49.6 in May, the National Bureau of Statistics said Tuesday, picking up from 47.4 in April .
China’s service trade up 21.9 pct in Jan.-April
China’s service trade rose 21.9 percent year on year to reach 1.9 trillion yuan (about 286.4 billion U.S. dollars) in the first four months of the year, data from the Ministry of Commerce showed on…
China state media signals tighter crypto regulations in Terra aftermath
The Chinese state-owned media outlet the Economic Daily published an article signaling China may impose further regulations on stablecoins after the price of the algorithmic stablecoin TerraUSD …
Hong Kong tycoon Richard Li’s FWD delays $1bn IPO on market volatility
Insurance group FWD has delayed its $1bn Hong Kong initial public offering due to volatile market conditions, according to people familiar with the matter, the latest in a string of listings setbacks …
China plans to airdrop digital Yuan to improve its economy
China plans to airdrop digital Yuan worth around $30 million to improve its economy and increase public spending.
Bitcoin rallies above $30 000 as China eases Covid curbs
The largest cryptocurrency was up 5.2% to $30 687 at 2:21 p.m. in New York, its biggest increase since May 15.
Powell to meet Biden
USD rises amid Fed speak, higher UST yields and German inflation data; Month-end also in focus; Powell to meet Biden. General trend – US markets return from ho …
Airbnb Is Closing Its Domestic Business in China. Rival Apps Are Very Popular.
China’s splintered and chaotic homestay sector features numerous local players who understand the market better than outsiders.
