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Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
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HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
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China Retains Central Bank Governor In Unexpected Move
China retained its central bank chief Sunday in a surprise move, as the country focuses on fighting economic headwinds. Yi Gang was confirmed as governor of the People's Bank of China, against expectations that retirement-age Yi would step down.
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Cryptocurrency Crackdown in China: What’s New in Latest Ban on Transactions?
China's most powerful regulators have intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining.
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All Crypto-Related Transactions Are Illegal, Says China
China's central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
-
Cryptocurrency Trading Faces Strict Crackdown in China as Beijing Doubles Down on Rooting Out Digital Coins
China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
-
Bitcoin Steadies in Asia Trading After Monday's Plunge Following China Crackdown
Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
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What To Make Of China Bank’s Stake In HDFC
Perhaps China believes that the Modi government will give a big stimulus to the economy and the RBI will cut interest rates even more, not only to revive consumption demand but also induce India's middle class to begin buying homes again. There's no indication, yet, on whether a stimulus package is coming or not. But investing in equities is always...
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China Plans To Launch Its Own Digital Currency: Report
China plans to launch its own digital currency to stay ahead of the global competition with its central bank approving proposals to conduct trials in some cities, official media reported today.
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China Should Take More Powerful Steps To Support Economy: State Media
China should prepare "more powerful" policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.
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China Slashes Banks' Reserve Requirements As Trade War Hits Growth
China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
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Macau ATMs Need Face Time Before Payout To Help Follow The Money
Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.
-
China Launches New 'Harder to Fake' 100 Yuan Note
China today put into circulation a new version of its 100-yuan banknote the highest denomination available in the world's second-largest economy with added golden touches that the government said was harder to forge.
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China Leaders Meet for 5-Year Plan Amid Calls for Reform
China's Communist leaders gathered today to plan the country's course for the next five years, official media reported, confronting an economic malaise that has investors worried and intractable problems such as pollution souring the public mood.
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China Injects Nearly $100 Billion Into Banks for Economy Lift
China has injected nearly $100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country's sluggish economy, state media reported.
-
Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
-
HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report
The Hong Kong Monetary Authority (HKMA) is reportedly urging lenders including HSBC and Standard Chartered to onboard cryptocurrency exchanges as clients. This move comes at a time when countries such as the US are doubling down on crypto exchanges.
-
China Retains Central Bank Governor In Unexpected Move
China retained its central bank chief Sunday in a surprise move, as the country focuses on fighting economic headwinds. Yi Gang was confirmed as governor of the People's Bank of China, against expectations that retirement-age Yi would step down.
-
Cryptocurrency Crackdown in China: What’s New in Latest Ban on Transactions?
China's most powerful regulators have intensified the country's crackdown on cryptocurrencies with a blanket ban on all crypto transactions and crypto mining.
-
All Crypto-Related Transactions Are Illegal, Says China
China's central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
-
Cryptocurrency Trading Faces Strict Crackdown in China as Beijing Doubles Down on Rooting Out Digital Coins
China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
-
Bitcoin Steadies in Asia Trading After Monday's Plunge Following China Crackdown
Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
-
What To Make Of China Bank’s Stake In HDFC
Perhaps China believes that the Modi government will give a big stimulus to the economy and the RBI will cut interest rates even more, not only to revive consumption demand but also induce India's middle class to begin buying homes again. There's no indication, yet, on whether a stimulus package is coming or not. But investing in equities is always...
-
China Plans To Launch Its Own Digital Currency: Report
China plans to launch its own digital currency to stay ahead of the global competition with its central bank approving proposals to conduct trials in some cities, official media reported today.
-
China Should Take More Powerful Steps To Support Economy: State Media
China should prepare "more powerful" policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.
-
China Slashes Banks' Reserve Requirements As Trade War Hits Growth
China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
-
Macau ATMs Need Face Time Before Payout To Help Follow The Money
Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions.
-
China Launches New 'Harder to Fake' 100 Yuan Note
China today put into circulation a new version of its 100-yuan banknote the highest denomination available in the world's second-largest economy with added golden touches that the government said was harder to forge.
-
China Leaders Meet for 5-Year Plan Amid Calls for Reform
China's Communist leaders gathered today to plan the country's course for the next five years, official media reported, confronting an economic malaise that has investors worried and intractable problems such as pollution souring the public mood.
-
China Injects Nearly $100 Billion Into Banks for Economy Lift
China has injected nearly $100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country's sluggish economy, state media reported.
