The Latest Breaking News from PBOC

Amazon and OpenAI sign $38 billion deal, PBOC to explore cross-border payment solutions with digital yuan

Some Chinese officials worry that the U.S.'s decision to embrace stablecoins through the Genius Act might reverse the trend of de-dollarization.

China’s central bank has been quietly amassing gold reserves, a move that could have significant implications for the global economy, particularly the U.S. dollar.

The dollar index (DXY00 ) on Wednesday rose slightly by +0.03%. The dollar saw support from concern that US tariffs will boost inflation and prevent the Fed from cutting interest rates. Also, the minutes of the June 17-18 FOMC meeting were slightly hawkish and supportive of the dollar. Gains in...

CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.

The issuances would take place over three years as part of its latest fiscal stimulus measures, sources tell Caixin

Massive inflows to Bitcoin ETFs and China’s recent changes to economic policy.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up by +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.47%. Stocks on Tuesday settled higher, with the S&P 500 and Dow...

Nov WTI crude oil (CLX24 ) Tuesday closed up +1.19 (+1.69%), and Nov RBOB gasoline (RBX24 ) closed up +3.79 (+1.93%). Crude oil and gasoline prices Tuesday posted moderate gains, with crude climbing to a 3-week high. Dollar weakness Tuesday was supportive of energy prices. Also, Tuesday's action by China...

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.12%. Stocks today are slightly higher, with the Dow Jones Industrials posting...