A US bank regulator has been asked to look into a 2020 wire transfer that has roped the Republican party’s favorite lender and JPMorgan into a long-running dispute.
Tagged By finance
China’s Unprecedented Dump of $53 Billion in US Treasuries Rattles US Economy
China’s decision to cut ties with a record number of US treasuries and agency debt bonds, totaling $53.3 billion, is a bold move that underscores the escalating tensions between the world’s two …
The diamond industry is in trouble as it loses its sparkle in China
Diamond prices have sunk by about 30% since 2022. China’s declining marriage rates and embrace of lab-grown diamonds are partly to blame.
China’s Space Pioneer raises $207 million to fund rocket development
Beijing-based rocket developer Space Pioneer said on Thursday that it had completed more than 1.5 billion yuan ($207 million) round of fundraising that will go towards financing the development of its …
China’s Economic Evolution: Navigating Crises and New Horizons
China’s economic response to current crises will have substantial global impacts. Amid domestic real estate challenges, debt pressures, and low foreign investment, companies are diversifying away from …
Govt’s reforms measures started yielding results: PM tells China EXIM Bank chief
The prime minister, talking to Chairman of China Export-Import Bank (EXIM) Dr. Wu Fulin here, highlighted his government’s reform agenda focused on …
PwC’s China woes: Merchants Group unit latest to jump ship as auditor comes under scrutiny
China Merchants Shekou Holdings, the property arm of the state-owned group, said it will hire KPMG, reversing its decision to appoint scandal-plagued PwC.
PwC Evergrande hit will ricochet around China Inc
China’s “teeth and thorns” are coming for PricewaterhouseCoopers. Those are the words President Xi Jinping has used to outline how he wants regulations enforced in the People’s Republic. That could …
China’s expanding travel curbs are cutting off more state workers from the rest of the world
Matthew, then a junior official in one of China’s most powerful finance ministries, treated himself and his bride to a two-week honeymoon at the resort destination of Maui, in the Hawaiian islands.
Saudi Arabia joins BIS- and China-led central bank digital currency project
Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world’s oil trade being done in U.S. dollars. The move, …
China’s Historic Dump of $53 Billion US Treasuries is Unprecedented Blow to US Economy
Why did China take this drastic step, and what does it mean for the United States and the global economy?
China’s green finance: From ‘zero’ to ‘hero’
a leading expert said that China has grown its green loan and green bond markets into the world’s largest in a few years, representing a shift from “zero” to “hero.” Behind the rapid growth is…
China’s top market regulator Wu Qing to speak at Lujiazui forum as investors look for clues on CSRC policy support
Wu will speak on how ‘high-quality financial development drives global growth’ at the two-day event, which starts on June 19 in Shanghai Investors have high hopes for further policy support after …
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