Banks do not usually build space assets, but in China, lenders are increasingly leasing satellites, funding rocket firms and even launching spacecraft of their own. While banks elsewhere typically use...
In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....
Frontier research lab MiroMind, a subsidiary of the China-founded multinational firm Shanda Group, has asked some of its staff in Shanghai to relocate to Singapore, according to people with knowledge ...
China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strengt...
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
Energy abundance, open-source models and manufacturing strengths will push Beijing into first place...
S&P 500 on course for worst day since mid-December as tech shares also hit...
The rules allow banks to combine token activity with payments and financial services under central bank and tech park oversight....
The president previously said the Biden administration was primarily to blame for banks dropping him as a client, not bank executives themselves....
In 2024, the Bank for International Settlements stepped back from mBridge, seeking to distance itself from sanctions-related speculation surrounding the platform....
Banks and crypto firms are converging fast, as yield-bearing stablecoins, ETF filings and tokenized markets test the boundaries of financial regulation....
Donald Trump's second term in the White House has tested China's tit-for-tat approach in response to the the US president's trade war. While stiff competition remains moving forward, there are signs o...
For decades, German cars symbolized engineering perfection and economic power. Now, sales are down as China, a key market, goes electric. India could fill some of that gap for German carmakers. But wi...
Chinese leader Xi Jinping and his ruling party have pushed to stimulate China's economy. Xie Huanchi/Xinhua via Getty Images Hedge funds betting big on China generated strong returns last year. Manage...
Kazakhstan’s President Kassym-Jomart Tokayev signed new laws creating licensed crypto exchanges and giving the central bank authority to approve tradable coins....
Binance Australia has reopened direct dollar deposits and withdrawals after more than two years of disrupted banking access....
Retail crypto access will initially cover Bitcoin, Ether, Litecoin and Cardano through participating cooperative banks....
JPMorgan chief financial officer Jeremy Barnum told investors in an earnings call that stablecoin yields are a “dangerous and undesirable thing.”...
With American tech continuing to dominate developing the frontier of artificial intelligence, China is holding its own with globally popular cheaper models and plans for building an AI-powered economy...
Donald Trump's moves against two key suppliers have revived debate over China’s fragile oil balance. With domestic output flat and oil fields aging, how much capacity — if any — exists to raise produc...