News list for "banks"
Global central banks have good reason to continue buying gold, with about 80 tonnes reported to be stockpiled each month, but most purchases are kept under wraps. Click to view...
Anthony Scaramucci, founder of SkyBridge Capital, said at the Solana Accelerate 2025 conference that Solana will become the backbone of global finance and will replace banks in the capital markets. Scaramucci pointed out that the world spends nearly $7 trillion a year on transaction verification, and Solana's high-speed, low-cost infrastructure can slash those costs significantly. He predicts that Solana will become one of the main financial tracks for the tokenization of real-world assets, from...
On May 8, Nick Timiraos, the Federal Reserve's mouthpiece, said that Powell played down any speculation that the Federal Reserve was seeking to ease economic weakness caused by Trump's tariffs by cutting interest rates. Powell mentioned the word "wait" 22 times during the press conference to emphasize that the Federal Reserve is not in a hurry to...
On April 17, 2025 (Thursday), the prices of major banks/brands of gold bars rose more and fell less, among which the prices of Caibai Jewelry, Chow Tai Fook, Lao Fengxiang and other gold bars rose, and Caibai Jewelry rose the most, up 35 yuan/gram from yesterday.
On April 9th, from April 8th, the 3-year interest rate of a deposit product of Ping An Bank was reduced by 40BP. The reporter learned from the wealth management manager of Ping An Bank that the 3-year deposit interest rate of this product was reduced from 2.05% to 1.65%. Ping An Bank is not alone in banks' move to lower deposit interest rates. The reporter noticed that with the end of the "good start" activity, since April, many small and medium-sized banks have also adjusted deposit interest ra...
Next week's important macro events and data forecasts are as follows (all in Beijing time): In terms of macroeconomic data: Monday at 20:30, the monthly rate of retail sales in the United States in February and the New York Federal Reserve Manufacturing Index in March. On Tuesday, the Bank of Japan will announce its interest rate decision. At 14:30, Bank of Japan Governor Kazuo Ueda will hold a monetary policy press conference. Wednesday at 18:00, Eurozone CPI data for February. On Thursday at 1...
On March 14, 2025 (Friday), the prices of major banks/brands of gold bars rose sharply, with many rising by more than 10 yuan/gram compared with yesterday.
Arthur Hayes, co-founder of BitMEX, wrote, "Here's the plan: be patient, don't rush. Bitcoin is likely to bottom around $70,000, and a 36% drop from an all-time high of $110,000 is a normal bull market correction. Then we need to see the stock market, especially the SPX (S & P 500) and NDX (Nasdaq 100) fall sharply. Then, the "...
Many central banks appear to have strategically taken advantage of the temporary drop in prices to buy gold, according to the World Gold Council's senior head of research for Asia Pacific. Click to view...
On February 19, the General Office of the State Council issued a notice on forwarding the "2025 Action Plan for Stabilizing Foreign Investment" of the Ministry of Commerce and the National Development and Reform Commission. The "Plan" proposes to promote the implementation of major and key foreign investment projects. Support the inclusion of more foreign investment projects in the list of major foreign investment projects and key foreign investment projects, increase policy support and service ...
Standard Chartered analyst Geoff Kendrick has previously said he expects bitcoin prices to exceed $500,000 by the time Donald Trump leaves office. He said in a report Tuesday morning that the forecast remains valid, looking back at BTC's weak short-term price action, supported by a recent series of 13F filings on institutional ownership of spot bitcoin ETFs. Kendrick said the buyer type has evolved from retail investors to hedge funds, and now...
Australia's four largest banks all forecast the Reserve Bank of Australia will cut interest rates by 25 basis points today, but they are divided on the bank's move after the rate cut. Australia's two largest banks, Commonwealth Bank of Australia and Westpac, believe the RBA will cut interest rates a total of four times by the end of the year, which will bring the cash rate down to 3.35% by December. Of the big four banks, National Australia Bank was the last to join the consensus that interest r...
February 17 news, according to Jin Ten reports, BNP Paribas Markets 360 analysts expect that the Federal Reserve may not cut interest rates until mid-2026. They have held this view since the beginning of December last year. Their forecast is based in part on expectations of tariffs, but recent news suggests that they may have to raise their preliminary estimate of tariffs. This makes analysts more confident in their inflation expectations, which are already higher than the market consensus. Mone...
The National Bank of Canada has recently shown a bearish attitude towards Bitcoin. On February 12, the bank filed with the Securities Exchange Commission (SEC) showing that it has applied to exercise a put option to sell its position in the BlackRock iShares Bitcoin Trust ETF worth more than $1.30 million.
