Tag Archives: China

China Banking Body to Develop Multi-Use Blockchain Platform With Major Banks

China’s self-regulatory bank organization the China Banking Association (CBA) will launch a blockchain-based platform to improve efficiency across the sector, participants confirmed in a statement Dec. 29. The project, formally dubbed the ‘China Trade Finance Inter-bank Trading Blockchain Platform,’ aims to use blockchain to target trade finance, transactions and other financial services. Multiple guinea pigs have signed up… Read More »

Dow Surges 385 Points After Opening Bell; Apple Not Out of the Woods Yet

U.S. stocks staged a large relief rally after the open on Friday, as technology shares regained their poise following Thursday’s meltdown. The strong start mirrors upbeat an upbeat pre-market that saw the Dow Jones futures contract gain nearly 300 points. US Stock Market Bounces Back Equity markets rose across the board after the U.S. government reported a much… Read More »

Dow Plots 290 Point Rally Despite US Government Shutdown Standoff

The Dow Jones Industrial Average and other US stock market indices appear poised to snatch back a portion of yesterday’s massive losses, even as Congress and President Donald Trump continue to dig in their heels on the proposed border wall funding that has prevented the federal government from ending the partial government shutdown. Dow, Nasdaq, S&P 500 Eye… Read More »

Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance. The platform was announced last week while the organization is in the process of rolling it out for live usage after several pilot programs aimed at improving the efficiency and security of trade finance transactions. Over 10 major… Read More »

Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee

Fundstrat’s Tom Lee says the stock market sell-off doesn’t indicate a recession is nigh, but the earnings season looks “ugly” and the U.S Federal Reserve is to blame. Speaking today on CNBC’s Fast Money, the analyst, who appears lately to be receiving more and more criticism for his predictions, spared the numbers but doesn’t hold The post Dow… Read More »

Stock Market Plunges With Apple at its Front: Bitcoin&Crypto Reflecting Wider Influence

Within the start of 2019, the trade war between China-US spread a shiver among stock traders as the market deep-dived heavily in the red on Thursday. The leading company – Apple took a quick but steep path from $157.00 to $142.00 counting almost 10.0% losses. “If you look at our results, our shortfall is over 100% from iPhone,… Read More »

China’s Easing Up On Game Approval Ban, So Why Are Tencent Shares Still in the Red?

Chinese regulators have, after a near-year-long freeze, began to approve new videogames to earn valuable sales revenue in the country. The regulators didn’t, however, approve Tencent’s Fortnite and PlayerUnknown’s Battlegrounds and Tencent’s share price might be suffering because of this. New game approvals paused in China in March 2018 during a government reshuffle. Previously regulators had granted licenses… Read More »

US Real Estate to Fall in Value in 2019 Amidst Sell-Off From Chinese Investors

In the third quarter of 2018, more than $1 billion worth of real estate properties were sold by Chinese investors in the U.S. amidst tightening regulations on capital outflows by China. According to the Wall Street Journal, the European real estate market experienced a similar sell-off of properties, as investors from China liquidated over $233 million worth of… Read More »