U.S. reliance on multilateral institutions like the World Bank to support major foreign policy goals has trade-offs that can undermine success.
Tagged By financials
Dow drops 1,000 points, and Japanese stocks suffer worst crash since 1987 as markets quake worldwide
The S&P 500 dropped 3 percent for its worst day in nearly two years. The Dow Jones Industrial Average reeled by 1,033 points, or 2.6 percent, while the Nasdaq composite slid 3.4 percent.
The Start Of De-Dollarization: China’s Move Away From The USD
The Chinese renminbi (RMB) is growing in popularity in payments both domestically and globally. In 2023 the Renmibi overtook the US Dollar in China’s cross-border payments and receipts. As of March …
HSBC hires former Blair adviser amid brewing China tensions
HSBC has hired a former senior adviser to Sir Tony Blair to help navigate the West’s growing diplomatic rift with China. David Quarrey, who has held a variety of UK government roles, is set to…
Stock selloff continues, as U.S. recession fears mount: Live Updates
The Dow, S&P 500 and Nasdaq sank Monday following a sharp selloff in global stocks as fears of a U.S. recession mount with bond yields hitting yearly lows. Apple added to the tech weakness after…
China’s AI-related companies total 1.67 million in first half of 2024 amid ChatGPT frenzy
Mainland China added more than 237,000 new companies involved in artificial intelligence (AI) during the first half of this year, according to corporate database platform Qichacha, taking the total to …
INTERNATIONAL VIEW – 1,300 kilometers of railroad vs. China: The West tries to push back Beijing’s influence in Africa with a $2.3 billion infrastructure project
The PGII has been in existence since 2022 and is intended to finance infrastructure projects in developing … The U.S. and Europe apparently want to beat China at its own game in Africa. Beijing has…
Sino Jet Wins Two Awards at the China Finance Summit 2024: Pioneer the New Era of Digital Intelligence in Business Aviation
HONG KONG, Aug. 6, 2024 /PRNewswire/ — The 13th China Finance Summit and the Amazing Innovative Entrepreneurs Festival 2024 have recently concluded in Beijing with great success. During this …
China’s central bank conducts reverse repos Tuesday
BEIJING, Aug. 6 (Xinhua) — China’s central bank conducted 620 million yuan (about 87 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Tuesday. The move aims to keep …
China central bank asks some institutions to report daily long-term bond holdings: sources
CHINA’S central bank asked some financial institutions to report daily changes in their long-term treasury bond positions and balances, four people familiar with the matter said on Monday (Aug 5), as …
China’s city dwellers will soon have more pets than toddlers, and there’s one way investors can cash in on the trend, Goldman Sachs says
China’s baby bust could see its urban pet population outnumbering the number of toddlers by 2030, investment bank Goldman Sachs wrote in a July 28 report. “We expect to see stronger momentum in pet …
China asks large state financial institutions to drop auditor PwC, say sources
BOC, China Life, PICC, China Taiping and China Cinda did not immediately respond to a request for comment. The MOF is the biggest shareholder in more than 20 large state financial institutions …
China’s Sweltering Heat Pushes Shanghai Power Demand to Record
(Bloomberg) — Punishing heat throughout southern China is stressing power networks and farmland as extreme weather continues to exact a deadly toll in the world’s second-biggest economy. Most Read …
