Key Points:Mainland China and Hong Kong launch cross-border payment system.Significant boost to trade and financial markets.Expected transaction cost reduction, faster settlements.
The People’s Bank of China and the Hong Kong Monetary…
China’s central bank Governor Pan Gongsheng said that he expects new currencies will emerge and challenge the global order of the USD. He indicated that a “multi-polar international monetary system”…
Russia and China agreed to a major BRICS deal on Wednesday to start mass production of spectrometers on femtosecond lasers. The partnership was announced by Aleksander Kuleshov, President of the…
The US is expected to have the strongest economy in 2025, with a robust GDP of $28 trillion, while China and India remain distantly behind. China’s GDP is at $19…
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BRICS member China is negotiating a new economic deal with 53 African countries that will eliminate all tariffs and give special market access. The latest development could significantly benefit all…
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Key Points:Stablecoin-concept stocks see price limits, with Chuangshi Technology leading.Institutional interest in stablecoins can further impact financial markets.Broader equity and crypto markets show signs of price sensitivity.
On June 17, several…
Marc Andreessen, co-founder of the Andreessen-Horowitz venture capital (VC) firm, said that the current race to establish dominance in the artificial intelligence sector is analogous to the Cold War between…
MetaQuotes will release an update to the MetaTrader 5 (MT5)
platform tomorrow (Friday). Accroding to the firm, it will introduce multiple
fixes and improvements for traders and developers. The release follows a
recent…