Category Finance

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The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called…

Guidelines were jointly issued by China’s National Financial Regulatory Administration (NFRA), Ministry of Science and Technology and the National Development and Reform Commission to align financial services with national innovation goals: Targeted financial support: Emphasis on early-stage, long-term, and smaller-scale investments in core and advanced technologies, especially for…

Bank of Japan Governor Ueda Depending on size of U.S. tariff hikes, it could have big impact on each country’s trade activity U.S. tariffs likely to push up U.S. inflation near-term, but could weigh on U.S. prices longer-term by cooling U.S. economic growth Another big question is how…

So far, crypto markets haven’t behaved as expected under the Trump Administration. Investors hoped that regulatory reform and policies like a Bitcoin Strategic Reserve would drive prices appreciably higher. But it’s been the opposite. Bitcoin has fallen from highs well above $100,000 at the beginning of the year…