Changpeng Zhao, the founder and CEO of Binance, made the announcement on Tuesday in the Seattle court. Zhao plans to resign and enter a guilty plea for breaking anti-money laundering regulations, reports the Wall Street Journal. According to The Wall Street Journal, which cites sources, Changpeng...

Financial markets undervalue the UK's ability to sustain high rates of inflation, Bank of England Governor Andrew Bailey stated in a legislature, according to the Finance Times. In addition to confirming intentions to keep a tight monetary policy in place for some time, he said that investors place...

Aiming to create jobs and maintain long-term development goals, Chinese government experts will suggest 4.5% to 5.5% economic growth targets for the upcoming year to an annual policymakers' conference.   Speaking with Reuters, five of the seven advisors expressed their preference for a...

The European Central Bank warned on Tuesday that the collapsing commercial real estate market in the euro zone would struggle for years, endangering the banks and investors that financed it.   An ECB report on risks to financial stability highlighted growing anxiety over a real estate bubble...

China's imports of Russian coal dropped to their lowest level since February in October, according to data cited by Reuters from the People's Republic of China's General Administration of Customs.China's imports of Russian coal dropped to their lowest level since February in October, according to...

European Central Bank (ECB) President Christine Lagarde stated that in order to draw enough money to the region's economy to address its difficulties, the European Union needs a version of the U.S. Securities and Exchange Commission (SEC) as well as a unified capital market. Lagarde claims that...

International businesses are swarming China's debt markets, where they are taking advantage of historically low yuan interest rates to offset rising funding costs by issuing record numbers of bonds denominated in yuan and borrowing large sums from mainland banks.   Panda and dim sum bonds,...

According to European Central Bank President Christine Lagarde, decarbonization, demographic shifts, and deglobalization are all impending and Europe is currently at a pivotal point in its history.   “There are increasing signs that the global economy is fragmenting into competing blocs,”...

According to the chief investment officer of UBS Wealth Management, growth in China may be lower but "of probably better quality" in 2024, while the US economy will slow down in 2024 but not to negative levels. Growth in Europe will also continue to be sluggish. UBS's baseline scenario for 2024...