China will appoint financial veteran Liu Guiping as chairman of Bank of China , the nation's fourth largest state-owned bank, two sources with knowledge of the matter said.

A researcher from UII stated that countries around the world are engaging in a movement towards de-dollarization in response ...

U.S. markets edged lower in trading before the opening bell as the last few major companies report earnings amid a dearth of ...

The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%.

BEIJING (Reuters) -Five of China's biggest state-owned banks cut deposit interest rates on Tuesday, part of an expected move ...

The plan follows the Trump administration’s recent move to tighten curbs on China’s access to Nvidia’s high-end AI chips.

An influential Chinese macro hedge fund is dumping stocks of the nation’s banks on expectations a build up in bad loans will ...

On the economic data front, investors will focus on U.S. Initial Jobless Claims data, which is set to be released in a couple of hours. Economists expect this figure to be 231K, compared to last ...

LONDON (AP) — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff ...

Beijing’s central bank governor and other top financial officials outlined plans to cut interest rates and reduce bank reserve requirements to help free up more funding for lending. They also ...

The 2025 Shanghai Shopping Festival ... Additionally, online payment providers like Alipay and banks acting as tax refund agencies will offer special discounts, coupons and gifts to overseas ...