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27/04/2025
Insiders say that European Central Bank chiefs believe that the likelihood of a rate cut in June has increased.
Latest
4 m ago
Bank of America warns that the US stock market's rebound is only temporary.
7 m ago
Market news: The International Monetary Fund has temporarily suspended Colombia's Flexible Credit Line due to financial issues.
18 m ago
The Hong Kong financial system remains sound - Interview with Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority.
22 m ago
The number of individuals on the credit default list has decreased for the first time in 10 years - credit repair supports the development of business entities.
24 m ago
Under the continuous advancement of the "Belt and Road" initiative, China's economic and trade cooperation with co-construction countries has continuously reached new heights. Recently, it was learned from the People's Bank of China that in the first quarter of this year, the amount of RMB payments between China and Malaysia amounted to 102 billion yuan, an increase of 27% year-on-year; the amount of RMB payments between China and Cambodia amounted to 5 billion yuan, an increase of 45% year-on-year, with cross-border RMB payments for goods trade amounting to 1.3 billion yuan, an increase of 23% year-on-year. "Since the pilot program began in 2009, China's cross-border RMB settlement business has developed rapidly." Wen Bin, chief economist of China Minsheng Bank, said that Chinese enterprises using RMB pricing settlement in foreign economic and trade transactions can not only avoid exchange rate risks but also reduce the cost of converting third-party currencies, reducing the financial costs of enterprises. (Economic Daily)
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