“There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
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Samsung lands $6.4bn in US Chips and Science Act fundingChina’s telcos are ordered to remove foreign chips EdgeConneX adds $1.9bn to its green funding
This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. I don’t know about you, but I only learned last week that there’s something connecting MSG and computer chips. Inside most laptop and data center chips today, there’s a tiny component called…
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...
Watch The Foreign Desk podcast host and editor-in-chief Lisa Daftari discussing Israel's retaliatory attacks on Iran's regime. What's… The post Lisa Daftari on Fox Business: Israel’s Retaliatory Attack on Iran’s Regime first appeared on The Foreign Desk | by Lisa Daftari.
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
China has forced Apple to ban WhatsApp, Threads, Signal, and Telegram in the country's App Store.
Apple’s (AAPL) 2024 has been rough so far. But despite the company’s headwinds ranging from antitrust suits to slowing iPhone sales, there’s one big bright spot for Apple: its Services business. In the first quarter, Services revenue jumped 11% year over year to $6.3 billion. And according to BofA Global Research’s Wamsi Mohan, Apple is
U.S. officials said Chinese materials are filing critical gaps in Russia's defense production cycle and helping Moscow undertake the expansion of its defence industrial base.
The Biden administration on Friday reassured the Philippines anew that the U.S. commitment to the country's defense is steadfast amid increasing concerns about provocative Chinese actions in disputed areas of the South China Sea. A day after President Joe Biden convened a trilateral summit involving himself, Japanese Prime Minister Fumio