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Archived image accompanying: PBOC Adds 500 Billion Yuan as It Keeps Banking Liquidity Ample

PBOC Adds 500 Billion Yuan as It Keeps Banking Liquidity Ample

China's central bank has supplied 500 billion yuan through a three-month outright reverse repo, extending its active management of banking-system liquidity. The operation supports funding conditions but stops short of a policy-rate change.

3 months ago

Archived image accompanying: Alibaba’s giant Qwen model raises stakes in China’s AI race

Alibaba’s giant Qwen model raises stakes in China’s AI race

Alibaba’s 2.4-trillion-parameter Qwen3.8-Max sent its shares higher and sharpened China’s frontier-model competition. Its long-horizon abilities and benchmark claims now face the test of independent scrutiny and real-world adoption.

3 months ago

Archived image accompanying: U.S.-Japan Yen Intervention Opens New Front Against Currency Slide

U.S.-Japan Yen Intervention Opens New Front Against Currency Slide

Japan and the United States jointly bought yen after its slide to 40-year lows, signaling readiness for more action. The intervention jolted markets but may not deliver a lasting recovery without supportive interest-rate policy.

3 months ago

Archived image accompanying: EA’s $55 Billion Saudi-Backed Buyout Clears Final EU Hurdle

EA’s $55 Billion Saudi-Backed Buyout Clears Final EU Hurdle

Electronic Arts says its $55 billion take-private deal has secured all required regulatory approvals and is expected to close August 4. The transaction will put Saudi Arabia’s PIF in control while shifting attention to debt, layoffs and creative independence.

3 months ago

Archived image accompanying: U.S. Makes Visa Bonds of Up to $20,000 Permanent for 50 Countries

U.S. Makes Visa Bonds of Up to $20,000 Permanent for 50 Countries

The State Department is making its visa bond program permanent, allowing refundable deposits of up to $20,000 for some business and tourist visa applicants from 50 countries. Officials cite lower overstay numbers, while critics point to an 83% fall in visa issuance and the burden on lower-income travelers.

3 months ago