China’s central bank governor reiterated a pledge to keep the yuan stable and vowed to insulate the nation’s financial markets from volatility spurred by the war in the Middle East. “We will continue to keep the yuan basically stable and strengthen guidance for foreign exchange market expectations,” Pan Gongsheng , the Governor of the People’s Bank of China, said at a press briefing during the Nat...
China’s central bank governor reiterated a pledge to keep the yuan stable and vowed to insulate the nation’s financial markets from volatility spurred by the war in the Middle East. “We will continue to keep the yuan basically stable and strengthen guidance for foreign exchange market expectations,” Pan Gongsheng , the Governor of the People’s Bank of China, said at a press briefing during the National People’s Congress on Friday. The US-Israel strike on Iran has triggered risk aversion in international markets and has led to large fluctuations in the dollar index and other currencies, Pan said at the briefing. He noted that policy uncertainty among major economies and external volatility could spill over into China, adding that the PBOC will strive to insulate the domestic market from contagion. The PBOC has sought to steady investor nerves in the forex market this week by strengthening the yuan’s daily reference rate. This marks an abrupt reversal from its move just days earlier to slow the currency’s gains, as it now seeks to limit the fallout from escalating tensions in the Middle East. China’s Abrupt Yuan Reversal Reveals Anxiety Over War, Oil Shock The yuan’s exchange rate has remained within a “medium range” in recent years, Pan said. Its rise this year is backed by dollar weakness, economic fundamentals and foreign-exchange conversion by corporates, he said. Meanwhile, Pan expects increased corporate use of foreign exchange hedging and yuan-denominated settlements to provide a buffer for Chinese trade. Approximately 60% of China’s imports and exports are now less susceptible to exchange rate fluctuations thanks to these tools, Pan said, adding that this figure is expected to rise further this year. He reiterated that China will not seek to gain an edge in trade by depreciating the yuan. Pan also said that, under certain circumstances, the PBOC will follow international rules and employ macroprudential tools to correct ‘herd behavior’ in the forex market. Thi...
(RTTNews) - YIT Oyj (YITYY, YIT.HE), a Finnish construction and property development company, on Friday said the Finnish Transport Infrastructure Agency selected the company to carry out Area Contract 4 of the Espoo Urban Railway Project, covering the section between Espoo Center and Kauklahti, with a contract of about 73 million euros. The company said that the preparatory works will begin in Mar...
(RTTNews) - YIT Oyj (YITYY, YIT.HE), a Finnish construction and property development company, on Friday said the Finnish Transport Infrastructure Agency selected the company to carry out Area Contract 4 of the Espoo Urban Railway Project, covering the section between Espoo Center and Kauklahti, with a contract of about 73 million euros. The company said that the preparatory works will begin in March, and the project is expected to be completed in 2029. The contract will be recorded in YIT's order book for the first quarter of 2026. The company said the project includes construction of a new railway bridge over the Espoonjoki River, new Vadetinportti underpasses, widening of the Vantinportti underpass bridge, and development works around Kauklahti Station, including a new underpass and a southern side platform. On Thursday, YIT Oyj closed trading 1.73% lesser at EUR 2.7220 on the Helsinki Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
财联社3月6日讯（记者 付静） 日前，谷歌终结和Epic Games近5年全球纠纷，Android生态迎来重大开放。 当地时间3月4日，谷歌Android生态系统总裁Sameer Samat在Android开发者博客发表题为《A New Era for Choice and Openness（选择与开放的新纪元）》的公告，宣布第二大移动应用商店Google Play将在全球开放降税，将与Epic ...
财联社3月6日讯（记者 付静） 日前，谷歌终结和Epic Games近5年全球纠纷，Android生态迎来重大开放。 当地时间3月4日，谷歌Android生态系统总裁Sameer Samat在Android开发者博客发表题为《A New Era for Choice and Openness（选择与开放的新纪元）》的公告，宣布第二大移动应用商店Google Play将在全球开放降税，将与Epic Games就全球范围内的法律纠纷达成和解。 谷歌此次宣布的核心举措包括：将官方计费系统（注：类似苹果IAP）与佣金分别定价，允许开发者使用替代计费系统以及引导用户前往外部自有渠道交易，大幅下调佣金费率，推出"注册应用商店"计划简化第三方商店侧载流程。以最低组合计算，订阅类应用开发者在使用谷歌官方计费系统的情况下，综合费率可低至15%（5%计费费+10%佣金），相较此前标准的30%抽成近乎腰斩；如不使用谷歌官方计费系统，则仅需向谷歌缴纳10%的佣金。 财联社记者多方采访获悉，谷歌的开放策略将在全球范围内对苹果形成强大的法律与市场压力，而作为全球最大的移动应用市场，中国开发者的利润空间与苹果的封闭政策之间存在不可调和的矛盾。安卓生态的巨变或将迫使苹果在中国等核心市场面临更严峻的挑战。 全球移动生态“震级”事件，苹果或将承压 “这一变革是全球移动生态的‘震级’事件，不仅打破了长期以来的佣金僵局，更将全球开发者与平台的关系推向了新的博弈点。谷歌的开放将置苹果于前所未有的舆论与监管风暴中心。”北京市社会科学院副研究员王鹏对财联社记者表示。 王鹏分析，一方面是中国市场的博弈将加剧。苹果在中国市场维持的“高佣金+强制IAP”政策已成为众矢之的。谷歌在中国的跟进将形成强烈的“政策落差”，这会直接倒逼中国开发者联合通过法律或行业协会发起更高频的反垄断呼吁，要求苹果平权。 另一方面是全球连锁反应。Epic Epic Games与谷歌和解后，其法律资源将全力“锁死”苹果。随着欧盟《数字市场法案》（DMA）的先例效应，以及谷歌在全球范围内的“主动示好”，苹果在日、韩、印度乃至中国面临类似法律挑战已成必然。 上海市海华永泰律师事务所高级合伙人孙宇昊律师在接受财联社记者采访时也表示，随着Epic与谷歌达成和解后全力转战对抗苹果，且在美国第九巡回上诉法院及澳大利亚联邦法院等地相继取得或推进有利裁决，苹果...
The last uniformed man standing on China’s top military body has called for further “ political rectification ” of the armed forces, following a wave of high-profile corruption investigations At a panel discussion in Beijing on Thursday as part of the country’s annual “two sessions” , Zhang Shengmin, vice-chairman of the Central Military Commission (CMC) , said this year was “crucial for fulfillin...
The last uniformed man standing on China’s top military body has called for further “ political rectification ” of the armed forces, following a wave of high-profile corruption investigations At a panel discussion in Beijing on Thursday as part of the country’s annual “two sessions” , Zhang Shengmin, vice-chairman of the Central Military Commission (CMC) , said this year was “crucial for fulfilling the goal for the centenary” of the People’s Liberation Army. “We must deepen political rectification, improve Communist Party conduct, fight corruption, and strengthen loyalty to the party’s core and resolute obedience to the command of President Xi Jinping,” said Zhang, the PLA’s top anti-corruption officer. Advertisement Zhang is the only person on the CMC apart from President Xi Jinping and is part of a much smaller delegation to the annual legislative session. According to the official PLA Daily , Zhang also called for more efforts to improve combat-oriented training and preparedness to safeguard national sovereignty, security and development interests. Advertisement “It is also necessary to push for high-quality development, step up building integrated combat capabilities, strengthen the development and application of combat capabilities in new domains and of new qualities, and enhance military governance,” Zhang was quoted as saying.
Middle Eastern benchmark crude oil prices have surged this week, as an Iran-war driven rule change affecting a key pricing window resulted in market dislocations that have drawn complaints from traders. At the start of the week, S&P Global Energy, or Platts as it’s better known, stopped accepting bids and offers in its daily trading window for crude varieties that need to transit the Strait of Hor...
Middle Eastern benchmark crude oil prices have surged this week, as an Iran-war driven rule change affecting a key pricing window resulted in market dislocations that have drawn complaints from traders. At the start of the week, S&P Global Energy, or Platts as it’s better known, stopped accepting bids and offers in its daily trading window for crude varieties that need to transit the Strait of Hormuz. This has meant only Oman and Murban crude, which load outside the strait, can be bought and sold in the so-called market-on-close trading window, which is used to set the price of Dubai oil. Lots trading on the Platts Dubai trading window were being sold for about a $23 a barrel premium to the underlying over-the-counter financial derivative on Friday, traders who monitor the platform said. That compares with premiums of $1 a week ago. The Dubai benchmark is now being set by a smaller amount of crude that isn’t reflecting the full extent of the risks around the Iran war, said traders and refinery executives familiar with the matter. They asked not to be named as they’re not allowed to speak to the media. The fact that less-risky oil — likely to face more demand — is now setting the benchmark is pushing prices higher, according to the traders. Read More: Bulk Carrier Claims to Be Chinese as it Passes Through Hormuz “Platts methodology for Dubai includes alternative delivery mechanisms precisely because no single crude stream on its own can ensure continuity of liquidity,” S&P Global Energy said in a statement on Friday. “The fact that Platts Dubai continues to serve the market effectively through the potential delivery of more than 2 million barrels a day of oil demonstrates its resilience during even in these most extraordinary of times. Platts is actively seeking feedback from the market while monitoring the situation closely.”
There are very few assets capable of delivering exponential returns during an extended period of time. Bitcoin (BTC 2.89%) appears to be one of them. In April 2013, Bitcoin crossed the $100 price level for the first time. At the end of 2024, it crossed the $100,000 price level. That's a head-spinning 1,000-fold gain in a little more than a decade. Does Bitcoin still have 10x upside? Given what has...
There are very few assets capable of delivering exponential returns during an extended period of time. Bitcoin (BTC 2.89%) appears to be one of them. In April 2013, Bitcoin crossed the $100 price level for the first time. At the end of 2024, it crossed the $100,000 price level. That's a head-spinning 1,000-fold gain in a little more than a decade. Does Bitcoin still have 10x upside? Given what has happened during the past five months, it's no surprise that investors are having second thoughts about Bitcoin. After all, Bitcoin is now down more than 40% from its all-time high of $126,000 in October 2025. For the past year, Bitcoin is down a dismal 18%. Nevertheless, there are plenty of high-profile investors who think that Bitcoin still has 10-fold upside. Heading into 2025, the assumption was that Bitcoin would skyrocket to a price of $1 million by the year 2030. That's the type of gain that we're looking for, given that Bitcoin was trading near the $100,000 price point at the time. Although some investors have scaled back their price assumptions for Bitcoin, they still hold out hope that Bitcoin can hit $1 million within the next five years. Cathie Wood of Ark Invest, for example, recently downgraded her price target from $1.5 million to $1.2 million. That's why I'm willing to ignore Bitcoin's abysmal performance during the past few months. Bitcoin has always been a boom-or-bust asset, and this is just yet more proof. Every four years, just like clockwork, Bitcoin suffers a major price collapse. It happened in 2014, 2018, and 2022. Now it appears to be happening in 2025-2026. A new catalyst for Bitcoin The big question, of course, is whether Bitcoin has any new catalysts to drive it higher during the next five to 10 years. The introduction of new spot Bitcoin exchangee-traded funds (ETFs) in January 2024, for example, resulted in a tsunami of new money from institutional investors flowing into Bitcoin. That's the type of catalyst required for a 10-fold return. Expan...
Riska/iStock via Getty Images The feasibility and efficacy of President Donald Trump's plan to backstop marine insurers covering shipping in the Persian Gulf is being questioned as the war between the US and Israel and Iran continues. Trump announced on his Truth Social platform on March 3 that he had ordered the US International Development Finance Corporation (DFC), the international investment ...
Riska/iStock via Getty Images The feasibility and efficacy of President Donald Trump's plan to backstop marine insurers covering shipping in the Persian Gulf is being questioned as the war between the US and Israel and Iran continues. Trump announced on his Truth Social platform on March 3 that he had ordered the US International Development Finance Corporation (DFC), the international investment arm of the US government, to extend political risk insurance and guarantees "at a very reasonable price" to secure maritime trade on its transit through the Gulf. The president also said the US Navy would begin escorting tankers through the Strait of Hormuz, a key shipping lane for seabound energy that has been obstructed since the war began. The DFC has also issued a statement on the plan . The move follows news that insurers have been restricting coverage and raising prices for some marine war insurance for journeys through the Gulf and the Strait of Hormuz in particular since the war started on Feb. 28. Iran has responded to US and Israeli airstrikes with widespread missile and drone attacks across the Gulf region. "While it's welcome news in theory, and no doubt based in good intentions, there's nothing beyond the post that we've seen and no details as to how this will work in practice," David Smith, head of marine at insurance broker McGill and Partners, said in an emailed comment. Putting together a plan to protect and insure vessels in the Gulf would be "very difficult," he added. "Until there is any further clarity as to how this will be applied, no one is adapting their plans at this stage." The DFC said in an email it had no additional details about the initiative. Unanswered questions If the DFC plan offers marine war cover at pre-conflict rates, "they would be effectively setting a market cap that private insurers will be forced to acknowledge," which should result in cheaper war insurance prices, Jon Werner, partner at Montgomery McCracken Walker & Rhoads, said...
Key Points Bitcoin has grown at an exponential rate, rising in price from $0.10 in 2010 to $100,000 today. Bitcoin still has 10x future upside, thanks to an expanding rate of institutional adoption. Investors thinking of adding Bitcoin to a broader investment portfolio should give careful attention to asset allocation. 10 stocks we like better than Bitcoin › Investing in ultra-high-upside cryptocu...
Key Points Bitcoin has grown at an exponential rate, rising in price from $0.10 in 2010 to $100,000 today. Bitcoin still has 10x future upside, thanks to an expanding rate of institutional adoption. Investors thinking of adding Bitcoin to a broader investment portfolio should give careful attention to asset allocation. 10 stocks we like better than Bitcoin › Investing in ultra-high-upside cryptocurrencies could be one way to maximize the value of your overall investment portfolio. Several top cryptocurrencies are now up more than 1,000% since launch, making them a potential way to 10x your net worth. The best of these, of course, is Bitcoin (CRYPTO: BTC). Even with its recent pullback, it's still up 146,000,000% since launch. Even if its eye-popping rate of growth eventually cools, it could still help you to generate life-changing wealth. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Bitcoin's exponential rate of growth Bitcoin has been growing at an exponential rate over the past 15 years. In seven of the past 13 years, Bitcoin has more than doubled in value. That includes one monster year (2013) when Bitcoin delivered returns of 5,428% to investors. The real magic happens when this doubling in value is allowed to compound over time. For example, Bitcoin soared by 157% in 2023 before skyrocketing in value by 125% in 2024. That's a doubling on top of a doubling. At the start of 2025, the common assumption was that Bitcoin would once again double in value, fueled by all the pro-Bitcoin and pro-crypto rhetoric coming out of the new Trump administration. Due to this exponential growth, Bitcoin has exploded in price, from $0.10 to $100,000, in a remarkably short period of time. It took Bitcoin just a few months to increase in price from $0.10 to $1, and approximately two years to increase from $1 to $10. In 2013, Bitcoin absolutely exploded in pric...
Translate webpages in Chrome: On your computer, open Chrome. Go to a webpage written in another language. At the top, click Translate. Chrome will translate the webpage one time. If you haven't installed Google Chrome. Please download and install it. Down
Translate webpages in Chrome: On your computer, open Chrome. Go to a webpage written in another language. At the top, click Translate. Chrome will translate the webpage one time. If you haven't installed Google Chrome. Please download and install it. Down
STORY: From war-fuelled oil prices to consumer-friendly Macbook prices... This is the Week in Numbers. :: The Week in Numbers :: 16% Over 16% was the amount Brent crude surged by as oil prices headed for their largest weekly gain since Russia's invasion of Ukraine. The gains followed the start of the U.S. and Israel's war with Iran. The conflict has halted tankers moving through the Strait of Horm...
STORY: From war-fuelled oil prices to consumer-friendly Macbook prices... This is the Week in Numbers. :: The Week in Numbers :: 16% Over 16% was the amount Brent crude surged by as oil prices headed for their largest weekly gain since Russia's invasion of Ukraine. The gains followed the start of the U.S. and Israel's war with Iran. The conflict has halted tankers moving through the Strait of Hormuz, which typically carries roughly one-fifth of the world's daily oil supply. ::12% 12% was how much South Korean shares fell on Wednesday... posting the biggest one-day drop in the index's 46-year history. Half a trillion dollars in value was wiped out amid fears the surging oil price could cripple Asia's fourth-largest economy. But shares then recovered most of their losses the next day in a week of wild volatility. :: $100 billion Over $100 billion is Broadcom's prediction for its AI chip sales next year. That signaled rapid share gains in the market dominated by Nvidia. Parnassus Investments' Todd Ahlsten says the firm looks well placed: "Clearly with Hock Tan, their CEO talking about $100 billion in sales for custom silicon, fantastic opportunities there and really a big driver of Broadcom and we think this is quite durable." Broadcom stock rose around 5 percent on the news. :: $79 billion $79 billion will be the combined debt after the Paramount Skydance-Warner Bros Discovery merger... ruling out any plan to divest or spin off the cable assets. The companies will fold their streaming services, including Paramount+ and HBO Max, into a single platform. Paramount CEO David Ellison gave the update on a call with analysts. :: $599 And $599 is the price of Apple's new MacBook Neo, unveiled this week. The lower-priced laptop marks one of the tech giant's most aggressive entry points into the price-sensitive PC market in years. And could help Apple broaden its reach among students and first-time buyers. The Neo will compete with Google-powered Chromebooks and lower-end Windo...
Translate webpages in Chrome: On your computer, open Chrome. Go to a webpage written in another language. At the top, click Translate. Chrome will translate the webpage one time. If you haven't installed Google Chrome. Please download and install it. Down
Translate webpages in Chrome: On your computer, open Chrome. Go to a webpage written in another language. At the top, click Translate. Chrome will translate the webpage one time. If you haven't installed Google Chrome. Please download and install it. Down