the united states, one of the largest banks in china, bank of china, stops working with russian bankssk of secondary us sanctions. business news marina piminova. marin, how do you make payments now? this can only be done through intermediaries. and this naturally brings additional risks. bank of china, a subsidiary of a chinese bank , will stop processing payments in yuan from russian banks that are in such trouble as of june 24 called sdn leaf. these are the toughest american sanctions. the kommersant newspaper writes about this, citing sources. in the russian market, bank of china ranks second in terms of assets among the subsidiaries of chinese banks. the newspaper's interlocutors believe that the decision is due to fears of secondary sanctions. one of the financiers notes: now there will be additional constraints on the time and cost of processing payments. well, the main problem, he continues, is that payments go beyond the banking sector and the state will have less control over them and there are risks of fraud. the merchant’s sources continue: recently , payment traffic has in

on the russian market bank of china ranks second in terms of assets among the subsidiaries of chinesewspapers' interlocutors believe that the bank of china's decision is due to the fact that it fears secondary american sanctions. the newspaper's sources note that now there will be additional costs in terms of time and cost. friendly chinese banks, and another confirmation of these problems is that in the last month or two the ruble has strengthened noticeably, which, as analysts noted, was caused , among other things, by a drop in demand for foreign currency. thank you, denis talalaev, s economic review, ntv viewers in the capital are looking forward to the release of the program today in moscow, and we will continue broadcasting for other regions of the central part of the country. patients received the world's first medicine for ankylosing spondylitis, created in our country. a targeted drug, it specifically destroys cells and causes disease without suppressing the immune system. among those who accept it is one of its creators, sergei lukyanov. he himself suffers from an illness. d

in the russian market, bank of china ranks second in terms of assets among the subsidiaries of chineses interlocutors believe that the bank of china's decision is due to the fact that it is simply afraid of secondary american sanctions. the newspaper's sources say there will now be additional costs in terms of time and payment processing costs. in addition, payments go beyond the banking sector, which means the state will have less. towards intermediaries, except for a commission of 3-5%, with such there are also currency risks in the schemes; if the money is stuck, they will of course be returned in rubles, but at what rate it is not clear. all this confirms the message that russian importers have recently had more and more problems with payments through seemingly friendly chinese banks. and another confirmation of these problems is that in the last month... the 2 ruble has noticeably strengthened, which, as analysts noted, was caused, among other things, by a fall in demand for currency from importers. the council of the european union approved the fourteenth package of sanctions aga

bank of japan famously hikes rates for the first time in... since 2005, just recently. and expected to gently tighten policy as the year progresses. although it's not certain. of course we have the bank of chinaalready. while they have done certain measures to try to support the housing market and support the economy generally, dave done less than some people and hope for for that it's quite a different outlook in asia depending on which country you are looking at. in the coming hours, we'll also get a rate decision from india's central bank. it's widely expected to keep the cost of borrowing on hold. the announcement comes against the backdrop of narendra modi's bjp—led alliance securing a narrower—than—expected election victory, which may slow economic reforms. archana shukla has more from mumbai. higherfood prices, a robust economic growth, and a new coalition government still under formation. there's reasons aplenty why economists feel india's central bank will leave the interest rates unchanged for eight consecutive time and cuts pushed to much later in the year. now, while inflation has eased, it was still 4.83% in april, mostly driven by stubbornly high prices of cereals, spices and ve

like to note , that from the point of view of setting the foreign exchange rate, for example, the bank of china bank of china, together with systemically important banks, themselves set rates based on consumer parity abilities of the established history, that is, we need to take this experience in the current conditions of sanctions policy, including based on the chinese economy, because there is a fairly large market segment there, well, from the point of view of victory... over imperialism and the construction of a multipolar world, everything depends on us. good news has come that we are building another batch of sevmash submarines, nuclear submarines, strengthening our defense capabilities, but 30 nuclear submarines is still not that many, for example, in the soviet union was 186 times, therefore, in order to ensure security and economic development, sovereignization is necessary in all areas, which i have spoken about more than once, well, they will gather, but i think that with... which really is at least somehow was able to stabilize her and her party’s position in the parliamentary elec

talked to the chamber of commerce throughout the eight countiesesthrough the authorization of the exim bank, china authorize the export by the government of china and advanced enthis is something i am personally very keenly aware of. we have had to compete with clone chinese products built with poorly paid labor for some period of time now and am proud that our compcceeded i no longer own a company. when i became congressman i] in order to avoid conflicts w does exim bank order review of projects meant to counter china's efforts and what other factors are considered in the banks agenda in this area ? >> congressman, these projects are highlycongress gave us a mandate in those particular areas and we are being very aggressiveteam, with an rc tap team and with our small businesses and large and medium-sized businesses. we have, i believe, broken down a lot of those silos to make sure we are operating as a ople don't realize about us also is in the small business agreement for the last 21, 22, three, over 85% of our transactions have been in the small business arena. >> one of the things that makes y

>> there is other reasons to like gold in the fact that the people's bank of china is continuing to diversifyg reason on top of that the india story continues to see 8% plus growth in their economy and that's generating tremendous retail demand and a lot of this is not just about inflation but it's also about flows of funds in the central banks as we know have very deep pockets. jack: we appreciate you coming on. >> take care everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. jack: three titans of wall street are coming near the end of the rain who's going to fill the big

>> there is other reasons to like gold in the fact that the people's bank of china is continuing to diversifyical reasons is a very big reason on top of that the india story continues to see 8% plus growth in their economy and that's generating tremendous retail demand and a lot of this is not just about inflation but it's also about flows of funds in the central banks as we know have very deep pockets. jack: we appreciate you coming on. >> take care (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager) then how do you make money? (fisher investments) we have a simple management fee, structured so we do better when our clients do better. (other money manager) your clients really come first then, huh? (fisher investments) yes. we make them a top priority, by getting to know their finances, family, health, lifestyle and more. (other money ma

>> there is other reasons to like gold in the fact that the people's bank of china is continuing to diversifyasons is a very big reason on top of that the india story continues to see 8% plus growth in their economy and that's generating tremendous retail demand and a lot of this is not just about inflation but it's also about flows of funds in the central banks as we know have very deep pockets. jack: we appreciate you coming on. >> take care everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. what tractor supply customers experience is personalized service. made possible by t-mobile for business. with t-mobile's reliable 5g business internet. employees get the information they need instantly. this is how business goes further with t-mobile for business. ♪ [suspenseful music] trains. [whoosh] ♪ trains that sense what isn't on the schedule. ♪ trains that use the power of dell ai and intel. ♪ to see

>> there is other reasons to like gold in the fact that the people's bank of china is continuing to diversifyason on top of that the india story continues to see 8% plus growth in their economy and that's generating tremendous retail demand and a lot of this is not just about inflation but it's also about flows of funds in the central banks as we know have very deep pockets. jack: we appreciate you coming on. >> take care. >> a pair of investment ideas and andrew tells us about three titans of wall street that may step down soon and you can take the place, stay right there. ♪ nexium 24hr prevents heartburn acid before it begins. get all-day and all-night heartburn acid prevention with just one pill a day. choose acid prevention. choose nexium. our daughter just bought her first house. all by herself. so we went to go see it. she knew exactly how she wanted everything. but then he pointed out the gutters. you think you've raised them right and then— she didn't know. you have to call leaffilter. leaffilter's patented filter technology keeps debris out of your gutters for good. parenthood is suc

in 2019, through the authorization of the exim bank, china authorize the export program which aims to counter subsidies in finance provided by the government of china and advanced competitiveness in key industries around the world and this is something i am personally very keenly aware of. we have had to compete with clone chinese products built with poorly paid labor for some period of time now and am proud that our company mainly succeeded but i should clarify, i no longer own a company. when i became congressman i [ inaudible ] in order to avoid conflicts of interest. how does exim bank order review of projects meant to counter china's efforts and what other factors are considered in the banks agenda in this area ? >> congressman, these projects are highly privatized. when we were reauthorized, as you said, congress gave us a mandate in those particular areas and we are being very aggressive within our global business development team, with an rc tap team and with our small businesses and large and medium-sized businesses. we have, i believe, broken down a lot of those silos to mak

operation, for chinese products, which is paid in yuan, you need an individual people's license bank of china there are actually quite big complications associated with these transactions, the dollar absolutely, but, i understand correctly, that in this case it becomes absolutely clear why china... supported russia's war against ukraine, because, well this yuanization, which began and is being carried out in russia, is beneficial for chinese manufacturers and in general for chinese, the chinese national currency and in general for all of china, well, look, first of all, it is beneficial because russia has a much lower level of freedom, connected with his foreign economic activity, well , let's... let's recall a very interesting fact that according to the first, first visit, the russian president, formally the dictator, in reality, mr. putin, actually visited china, where a very interesting thing happened behind the scenes, the chinese demanded from of the russian federation to sell gas to china at domestic russian prices, which, by the way , are approximately three to four times higher. well

>> there is other reasons to like gold in the fact that the people's bank of china is continuing to diversify of that the india story continues to see 8% plus growth in their economy and that's generating tremendous retail demand and a lot of this is not just about inflation but it's also about flows of funds in the central banks as we know have very deep pockets. jack: we appreciate you coming on. >> take care i bought the team! kevin...? i bought the team! i put it on my chase freedom unlimited card. and i'm gonna' cashback on a few other things too... starting with the sound system! curry from deep. that's caaaaaaaaash. i prefer the old intro! this is much better! i don't think so! steph, one more thing... the team owner gets five minutes a game. cash bros? woo! i like it. i'll break it to klay. cashback like a pro with chase freedom unlimited. how do you cashback? chase, make more of what's yours. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experien

banks that can be sanctioned that allows them the ability to let a bank fall and not be affected by some of the biggest banks in chinar incredibly active in russia, agricultural bank of china which is the number four bank and china and china construction bank the number two bank in china i think those are the two targets and i would be most interested as very good researchers have pointed out there digging in a rush at this picture from the beginning, i think we go after the big four state owned banks that are essentially tied to prudence dilatory in the rest of the state owned assets and supervision you have 97 corporations, 5 trillion revenue, 30 trillion in assets all of that is the bulk of the chinese state worldwide in china inc. and that is the strike zone that's were we have to be targeting, were not acting big on that stuff but there is a huge beautiful target set that i think we should be very busy on and get our allies in. if it takes these medians to get people to understand the problem the next move has to be action. maria: that's a very good point. by the way the major banks who want to operate in china

operation, for chinese products, which is paid in yuan, an individual license from the people's bank of china is needed, so there are actually quite big difficulties associated with these operations, the dollar, mr. alezh, i am right understand that in this case it becomes absolutely clear why china supported the war. against ukraine, because this yuanization, which began and is being carried out in russia, is beneficial for chinese manufacturers, and in general for the chinese, the chinese national currency and in general for all of china? well, look, first of all, it is beneficial because russia has a much lower level of freedom related to its external economic activities. well, let us recall a very interesting one. the fact that according to the first, first visits, the russian president formally dictator, in reality, mr. putin, actually visited china, where a very interesting thing happened behind the scenes, the chinese demanded from the russian federation to sell gas to china at domestic russian prices, which, until things, approximately, three to four times, well, there are cheaper rat

settlements between the russian federation and china, and for every export transaction on chinese products, which is paid in yuan, an individual license of the people's bankthere are actually quite big complications related to these transactions, the dollar, that is , mr. oleg, i understand correctly that in this case it becomes absolutely clear why china supported the war.

china is pondering on a long time. the thought i'd station strategy, given the that the security is always one pop up the agenda of the chinese leaders . the people, it's bank of china has added gold to his research for 166 months, adding over 300 tons of gold seems a resumed reporting. go purchase in october of 2020 to the chinese stock piling gold because it is a research s as that carries no town to a party based at all. all right, we have to leave you here. now. benjamin chow, senior fellow of this sense of what time on globalization, we appreciate you inside here. thank you. moving on now, bosco's told london needs continuing ministry support for your grade. he's only prolonged in the country suffering. it comes as fears, flashes in the hop cover you didn't have resulted in the loss of at least a $190.00 trade in. so this, in just one day, in a sweeping advance, moscow's troops are now vying for control of a critical town of old. chances are daisy goes, donovan was among the 1st to survey the frontline positions. this is about john's a border town in the heart of region where both moscow and key key beefing up the garrisons. and now russia has someone

the russia has not been in by did at its main bank of china is now coming either in south africa. so run a post that has been re elected as president of the his body struck a deal to form a coalition. it's the 1st couple days and governments ends up content in that 30 years ago. and fathers, a major election up.

for chinese products, which are paid in yuan, you need an individual license from the people's bank of chinareality there great difficulties are connected with these operations, the dollar, that is, mr. oleg, i understand correctly that in this case it becomes absolutely clear why china supported russia's war against ukraine, because this yuenization, which began and is being carried out in russia, is profitable for chinese manufacturers and... in general chinese chinese national currency and in general for all of china? well, look, first of all, it is beneficial because russia has a much lower level of freedom related to its external economic activities. well, let us recall a very interesting fact that according to the first visits, the first visits of the russian president, formally, dictator, in reality. mr. putin actually had a visit to china, where a very interesting thing happened behind the scenes: the chinese demanded that the russian federation sell gas to china at domestic russian prices, which, by the way, are approximately three to four times cheaper than foreign trade prices, wh

the bank's most ntught realignment of the bank's priorities stored strategic competition with china.ansformational exports program as has been discussed i strategic value in countering chinese export financing, i am concerned that ctap has not scaled fast enough. ted no less than 20% of the banks hundred and $35 billion statutory lending authority for financing through ctap. that means you're supp to horit for ■ ctap but she stated that the banks total ctap transactions amounted only to around 3.6 million. could you explai detail why this is the case. >> thank you for the question. e ofthese things is that some of these exports are not really conducive to debt financing. some of them are in nascent industries. what we've seen in the last year and definitely th and some of the not specialty, but transformational areas around medical efficiency, wireless and waesand we continue to not only drill down in those areas but to look more broadly at the transformation areas up tools toassist u.s. businesses to compete, and when. >> so, you mentioned earlier, a strong pipeline of projects but

i think that sanctions against russian banks in china are something prohibitive, because the us cannot influence chinese legislation on the internal operations ofan banks that operate in china. i think that china, taking into account the high level of political relations between our countries, will not follow american sanctions, even large ones. there will be no consequences from these sanctions. additionally introduced restrictions provide new opportunities. experts note at least four ways to trade with the rest of the world under new sanctions without regard to the united states. the first is external trade economic relations in national currencies, that is, not in dollars or euros. and russia has been doing this for a long time, a fairly significant part of our trade is already carried out in national currencies. second, it is used. cryptocurrencies are even broader for external trading operations, because one of its advantages, as well as disadvantages, is that it is not traceable and it is completely unclear who owns it. third, this is a slightly exotic method, but probably in some cases you can pay, for example, monetary gold. well, the f

to hold on. what 's next, some of the things that are important, accordingly, china, china, apparently, has deployed a network in order to avoid sanctions, they opened banksumes of transfer, but taking into account the fact that our yuan has recovered to the required levels, accordingly making in addition, it says that sales, apparently, have worked out and the situation has worked out, the most important thing is that even large banks, the bank of china, have begun to accept payments, well, this is still done in a clever way, the most important thing is that there are a hundred will decide, excuse me, even iran today introduced a digital currency, and i say again that digital currencies are the future, that’s the most important thing, it must be the past for us, the present and the future in order for settlements for... leads to costs only in economic terms of 100 billion dollars, 100 million dollars, billions, billions, this is already not bad, this is 1/6 of the military budget, well , the eighth, i promised to forget everything, let’s start, the premiere on rtr, you shouldn’t trust artyom so unconditionally, i ’m worried about you, no, you control me

china's bond market has been one of the best performing. the money has flooded into chinese debt. that's much more a story about deflation and expectations that the central bankelled to cut. bloomberg economics warns that that won't happen and to get more clarity to the position of the fed. the fed looming large in this equation as well. china's bond market has just had a stormy year as money has moved in. not necessarily an indication of health of the chinese economy. more expectations they will be compelled to cut. we flipped the board and what's happening with the u.k.. i don't know if you've been told this. bank of england day. not expected to change the rate. headline coming in at 2% yesterday. under the hood, services at 5.7%. markets readjusting. gilt yields selling at the front end. markets readjusted. now pricing in a very small chance of a cut in august. not fully priced until september or november when it comes to the boe pricing in one or two cuts this year. we will see how the statement today adjusts if et al. -- at all that pricing. we will get the u.k. business secretary and shadow business secretary going head-to-head for a live televised the

i think sanctions against russian banks in china are something prohibitive, because the united states cannot influence chinese legislation on the internal operations ofks that operate in china. i think that china, given the high level of political relations between our countries , will not follow american sanctions and any major political consequences. will not be affected by these sanctions, additionally introduced restrictions also provide new opportunities, experts note at least four ways to trade under the new sanctions with the rest of the world without regard to the united states. the first is trade in foreign economic relations in national currencies, that is, not in dollars or euros, and russia has been doing this for a long time, and already quite a significant part of our trade is in national currencies, the second is using... or something like an impulse already to implementation, both in russia and in international markets, the digital yuan , too, as we understand, shows itself effectively in the use of financial transactions, these are precisely the very solutions that absolutely... now, as polite people, you should send your gift in ret

bank of the united states. intensifying competition with the 's republic of china.nts on a day-to-day basis about the economic challenges pose thprc actions. concerned about competition instrumental in the export programs. the mandate which is now a part we support u.s. manufacturers facing competition nces the leadership across ancongressionally mandated to support facilitating exports. through loan guarantees and insurance programs. where the private sector is unable or unwilling to do so a of quorum on the board of the directors had a devastating and morale. erations, stng when xm was precluded from authorizing transactions more th$10 ors like the prc stepped in to fill the void. teworked tirelessly , restore, rebuild the reputation as a lia in 2023 because of the dedication of the workforce, xm supported a .8 billion in authorizations 67% increase and supported the estimated of the 8.8 billion of total authorizations, 2.4 comported the mandate.val in 20 authorizations have jumped from 253 million to 24 4 billion. at this point, the ount is grea. you might ask, w

bank of the united states. intensifying competition with the people's republic of china. we hear from partners and clients on a day-to-day basis about the economic challenges posed by the prc actions. concerned about competition instrumental in the export programs. the mandate which is now a part of the 2019 reauthorization. we support u.s. manufacturers facing competition and advances the leadership across 10 transformational areas. it is congressionally mandated to support u.s. jobs by facilitating exports. through loan guarantees and insurance programs. where the private sector is unable or unwilling to do so. relapse in the charter, a lack of quorum on the board of the directors had a devastating impact on operations, staffing, and morale. when xm was precluded from authorizing transactions more than $10 million, competitors like the prc stepped in to fill the void. our team has worked tirelessly to revitalize, restore, and rebuild the reputation as a reliable partner. in 2023 because of the dedication of the workforce, xm supported a .8 billion in authorizations. a 6

washington. as well as the intricacies of the work of attack drone operators in the nwo zone, why the bank of china

republic of china, during the opening ceremony, noted the importance of the growth in trade turnover and the development of business cultural relations between the two countries. china's alpha banks beijing and shanghai will open. two enterprises and trust in the bank here is at the highest level. alfa bank - the first financial institution from russia to receive the highest credit rating in china. just today we received two prestigious awards from the hong kong private investment association, one for innovation in the digitalization of banking, the other for achievements in digital transformation, and these achievements are a high assessment, this is not only an assessment of our alfabank. last year, trade turnover between russia and china reached more than $240 billion, we have already achieved the goals set by the leaders of our countries in 2019 , and alfabank is the largest private bank russia, which plays an important role in the development of economic relations between russia and china. chinese business has been actively increasing its presence in russia for a long time; many skynr entrepreneurs are opening their own business with us. just some of the statements within th

discuss know the fundamental trigger of this this incident was the longstanding tensions between bank of chinathe pboc and china' largest company. so was end and was the company's spin off from alibaba five years eaier. and it has a very famous app called alipay kind of like a super app. it's used by over hundred million people in china, 80% of the chese population use this. and so it's successfully leverage this payment. the app into all sorts of financial the credit tech business tech busiss as an insurance tech business and the most successful business was the credit tap business in which they as an and as an intermediary conneing ordinary consumers, you and me, what the chinesstate owned bank, how other? 98% of those loans were extended by the state owned banks and it very little skin in the■j ge and that it means we raise a question about moral hazard right i mean because in the interview the reason we want to facilitate as many long transaction as possible but it wouldn't to worry about potential default or liabilities. now in addition to this moral has a problem. there is a big bubble i

beginning of this year, reports began to come in about problems with the so-called friendly banks of turkey, chinad the emirates, which are increasingly stricter towards russian clients, out of fear. secondary american sanctions, this month the european union, for example, imposed sanctions against the financial messaging system, this is a domestic analogue of the swift system, this also complicates payments between russia and the rest of the world. the russian stock market after lunch almost won back all of today's losses, although on the foreign exchange market the ruble is still swinging strongly from side to side. now on the interbank market it is sharply becoming more expensive, the dollar and the euro are becoming cheaper. 2.5 rubles each. obviously, all this is due to the fact that exporters are selling foreign currency because they are preparing for tomorrow’s peak in tax payments. the european union will reintroduce tomorrow import duties on ukrainian sugar and eggs, the financial times writes about this, citing sources. brussels canceled all import quotas for ukrainian food in june 22 as

sanctions, and after that , messages began to arrive about problems with the so-called friendly banks of turkey, chinaat russian clients more and more strictly, sometimes refusing to process their payments. the risk of secondary sanctions has risen again this month. the united states has significantly expanded the interpretation of such a concept as the russian military-industrial complex, and it is for participation in transactions with it that banks from third countries may fall under american sanctions. and the european union this month imposed sanctions against the transmission system financial messages, this is a domestic replacement for the swift system, potentially also complicating payments between russia and the rest of the world. the european union has decided to unblock some money transfers from russia that were frozen due to sanctions. rbc drew attention to changes in the eu council regulations. previously, this document stated that eu financial institutions should block transfers that involve russians. sanctioned banks, and these are almost all major participants in the russian market, in

five-year, which influences mortgage rates, but a central bank newspaper also hinted that the people bank of chinato cut. in addition, the bank governor had repeated that the monetary policy was going to maintain an accommodative stance. this was at a financial forum on wednesday. now, investors here see two key takeaways from the governor's speech. one, that china is done with the whole credit boon thing. he told the industry players that that would be -- it would be difficult to maintain an overall credit growth of over 10% as seen in the past. now, this is exactly how the chinese government was able to stimulate during the 2008 financial crisis and one of the reasons people here see the rising debt, as well as the bloated property sector, it's as for the takeaway two, china is experimenting with different forums of monetary policy. he said that china would gradually "include purchase and sale of chinese government bonds on the secondary market in its tool kit." a lot of people think that that sounds like qe, but the governor actually mentioned that, saying that this does not mean kw quantitativ

will address several issues from china expanding its global take footprint to the evolution of artificial intelligence. a principal economist at the asian development banke us a sense of the highlights. china of the summer davos are significant for at least three reasons. first, it shows that china coming out of its covid restriction is fully open to the world again. second, it shows china's continuing commitment to be a global leader, davos summer is a forum where global leader gather to talk and shape the global agenda but above all, davos in dalian shows that china is open to business, especially foreign business and investment to some extent, this is to counter a growing perception that the chinese market is becoming more closed. what do you see has been the focus of the meeting? the focus of this summit will be artificial intelligence, especially generative artificial intelligence, the theme highlights the fact that china is not a follower but in fact, a global leader in artificial intelligence so, quite naturally, discussions will centre around how to maximise the potential productivity gains from ai while mitigating its disruptive effects especia

there is a declining amount of room on bank balance sheets to support a credit reflation cycle in chinaand as a result, what you will likely see if equity markets locally continue their solid starts of the year, you could see banks count equity markets to shore up solvency. that is kind of in the price. the risk/reward is broadly balanced when it comes to hong kong/china financials at this point in time. paul: in terms of support for equities keep, -- in terms of support for equities, i wonder what you think of the idea about the possibility of allowing bond trading on the secondary market. he's not calling it q. week, but to what extent do you see that providing stimulus for the economy and may be starting to prop up equity prices in china? >> the problem for the chinese economy is not really a cost of liquidity issue. it is really a demand for credit issue, and also an ability to supply additional credit for the banking sector. one of the potential policy measures that would really have a more profound effect would be effectively a transfer of spending power to households to the priva

address several issues, from china expanding its global tech footprint to the evolution of artificial intelligence. dhonghyun park is a principal economist at the asian development bankus a sense of the highlights. china's hosting of this event is highly significant for at least three reasons. first, it shows that china is coming out of its restrictions is fully open to the work again. second, it shows china's continuing commitment to be a global leader. diverse summer is a forum where global leaders gather to discuss and shape the global agenda, gather to discuss and shape the globalagenda, but gather to discuss and shape the global agenda, but of all, davos shows that china is open to business especially foreign business and investment. to some extent, this is the counter a growing perception that the chinese market is becoming more closed. what do ou see becoming more closed. what do you see being — becoming more closed. what do you see being the _ becoming more closed. what do you see being the focus - becoming more closed. what do you see being the focus of- becoming more closed. what do you see being the focus of the i you see being the focus of the meeting? yo

from today, the russian daughter of one of the largest banks in china. that now there will be additional costs in terms of time and the cost of processing payments. in addition, payments now go beyond the banking sector and the state will have less control over them, and risks of fraud arise. the merchant’s interlocutors continue that lately payment traffic has been increasingly shifting towards intermediaries, in addition to the 3.5% commission with such schemes, there are also currency risks, if the money is stuck, it will be returned in rubles, but at what rate. it’s clear that all this confirms the message that russian importers have recently had more and more problems with payments through seemingly friendly chinese banks, and another confirmation of these problems is that in recent months: the ruble has strengthened noticeably, to this, as analysts noted, this was also caused by a drop in demand for foreign currency from the same importers. ilya is all about economics. thank you, denis talolaev with his economic review. another sunburn theory turned

of element bank. it gave us a sense of the highlights. china ofthe sense of the highlights.f the summer _ sense of the highlights. china of the summer davos - sense of the highlights. china of the summer davos are - of the summer davos are significant for at least three reasons. first, it shows that china coming out of its covid restriction is fully open to the world again, second, it shows china's continuing commitment to be a global leader, summer davos is a global leader gather to talk and shape the global agenda but above all, davos shows that china is open to business, especially foreign business and investment to some extent, this is to counter a growing perception that the chinese market is becoming more closed. what do you see has been the focus of the meeting? the focus of this summit _ focus of the meeting? the focus of this summit will _ focus of the meeting? the focus of this summit will be _ of this summit will be artificial intelligence, especially generated artificial intelligence, the theme highlights the fact that china is not a follower but in fact, a globa

of the export bank. with competition with china. this year,xm celebrates 90 years of carrying out its mission to create economic opportunity for united states and workers. we are excited to hear from you. and sayi we can work together. thank you for that, mr. chair. full disclosurethe opportunity to not only know but work with madam chair and the president for some time. for those don't know, she comes to us as a scholar. from an american university, a lawyer, diplomat with years international experience in this area. we know by providing financial can export american services across the world. to help companies compete abroad. you can hear hands-on money to large i want to go on the record saying that in fact, 90% of the authorizations benefit ited states small bunesses. the purpose is to level the playing field to ensure that compete for global sales. that is exactly what the bank does in every single one of the congressional districts represented in this hearing today. mr. chairman, i would like to enter into the records, a chart

turnover between russia and china reached more than $240 billion, we have already fulfilled the goals set by the leaders of our countries in 2019, and alfabank is the largest private bank in russia, which plays an important role in the development of economic relations between russia and china. well, by the way, chinese business has been active for a long time. business program of the st. petersburg international economic forum, ahead a few more business days full of exciting events, colleagues, nika, thank you, i was in direct contact from st. petersburg. my colleague nika yankovaya. apply for a loan at sberbank and get a chance to win money to repay it. and also receive monthly cashback. sberbank mortgage for any type of housing, for a new building, secondary housing or building a house. what do we bring from our travels with avito? cashback bonuses for your next trip. the avito trip will go as planned, with cashback and bonuses. this have not happened before. russian cold. 150 g of unprecedented, rich taste in one. millions of russians choose the warmth and comfort of glass windows, try the real russian cold ice cream, great, incredible taste! rehau, well, to nature

of china. the first since 2017. act of the central bank policy action. projections for rate cuts this year from 3-1 in the dot plots. neil says fed policymakers need more evidence that provided -- that proves stubborn inflation as well on his way to that 2% target. forecasting rates. >> we are in a very good position enough to take our time, get more inflation data, get more data on the economy, on the labor market before we have to make any decisions. there's going to be one kite which is what the meeting indicated that would likely be toward the end of the year. >> for more let's bring in mark cranfield in singapore. there was no significant tickets time. that is upon context as well. he says that i can take its time. what does that mean in your view for the greenback? >> it must've been like deja vu for foreign exchange traders and bond traders as well. we particular had that soft dish cpi data that was taken very devilishly by the market. we are getting the fed speak is pushing back on the idea that the market has interpreted it in the great way. we

greatest risk, we are strongly developing our direction the bank is probably here first ranks, because we have a network of foreign banks in chinaa, vietnam, kazakhstan, which carry out these calculations, today we allow trade with our main... trading partner china to be 90% carried out in the yuan or ruble, so there are problems there will be, here we need to decide, probably, in two directions, something that was also talked about quite a lot, the first is to continue to pay in national currencies, having what we have today, the second, in general, to create a different settlement system, independent of dollar, independent of the euro, today the president also said this, the main thing, of course, is the dollar, which is already... the economic forum continues its work, we continue to follow all the interesting statements that are heard here at the forum and of course all the bright news . now a short advertisement and further in our issue. the growth of the russian economy between tax stability and human dignity. denis talalaev and marina pimenova about what happened tomorrow from ber and after it. together we can do a lot, t

was closer to this year's peak with traders betting on higher for longer rates in the u.s., the bank of china'sr said there is more room to ease policy as policies. to cut rates this year. a tense week between angela netanyahu and the white house. he released a video criticizing the u.s. for withholding deliveries of weapons and ammunition. the white house reportedly canceled a meeting with israel scheduled for today where they were meant to discuss iran. the u.s. ambassador to israel told netanyahu that the weapons are in the process of being delivered to israel. and a cyberattack shut down thousands of dealerships across the u.s. over the juneteenth holiday, targeting tdk global, a provider that many dealers rely on for almost all business. the outage left some dealers unable to function at all and some had to switch to paper for routine services like oil changes. the firm says that some cdk functions were restored but the service is still not fully operational. that is your bloomberg brief. lisa: next, decision day for the bank of england. >> inflation is likely to pick back up, and, therefo

the answer, in this book, he said that this book was published in 1997, there if china by 2020 volume of the world bank trillion, twice, twice... this is not a threat to the united states. china will not become a competitor. in 1997, china's gdp was somewhere around 900.70 billion. 1 trillion. and in 920, 14, even more, trillion. seven times more. than her forecast, so it began to have an impact on china, no matter what the reason, threat or simply does not want to, it appeared, this is what appeared , another competitor appeared, this is sino -american relations, it is not that china is occupying behind the american politics, no china really wants to fix things. normal, mutually beneficial relationships, they just don’t respect us. immediately after the elections to the european parliament, the so-called peace conference on ukraine will be held in switzerland. there will be no gloss; prominent representatives of non-western countries could not be persuaded to discuss zelensky’s formula, although this was the idea. some propaganda effect occurs. issues that concern the global south were specifically le

today china occupies 50% of the russian market, and with the arrival of new brands this figure will only grow. russian banksre opening branches in china. russian regions are opening up on their own. arkhangelsk region, for example, offers transshipment of goods through a deep-sea port along the northern sea route, transportation time is reduced by almost three times compared to current routes. goods coming to us in containers from china always have their ships and containers loaded back. investments, multimillion-dollar contracts and new projects are still yet to be calculated, but one thing is already clear: the st. petersburg forum is coming to an end, which means 4 days of fruitful work. people's artist of russia sergei bezrukov, and the producer is film director alexey uchitel. by according to him, modern films often lack heroes to follow, fyodor plevaka is exactly like that. why did we take on this series, because yes, this is a man from the past, a famous lawyer, of the late nineteenth, early 20th centuries, but also his life, and his figure, so to speak, and the way he... a genius of jurisprudence, t

people from towns caught in record, flood waters after rivers versus their banks, also coming up ukraine's president accuses of china and russia of trying to disrupt an upcoming piece summit. full ottomans zalinski will present plans to end the war in ukraine, and is appealing to other nations to attend the . i'm michael local. welcome. here in germany, a state of emergency has been declared in parts of the south as heavy rains and flooding, batter the region. the danube river has burst its banks and in the south west. heavy rains triggered a landslide, the rail, the passenger train. the army has been mobilized, and residents are being forced from their homes for the labels of rising after them and the dying gave way during the heavy rains. well, sar, she's had age residents to evacuate. the icon water is coming from everywhere. i help my little brother get the last little things for the children. yeah, we could now go swimming so much for being a dramatic evacuations took place and fled. hit stuff in jim in a severe rain storm flashed large pucks of waste in the bay area. in some areas, the flood waters, sewage to

participants, according to auto experts, today china occupies 50% of the russian market, with the arrival of new brands, this figure will only increase. russian banksng branches in china, and russian regions are opening themselves. the arkhangelsk region, for example, offers cargo transshipment through a deep-water port. along the northern sea route, transportation time is reduced by almost three times compared to current routes. goods arriving to us in containers from china are always available. reloading of their ships and containers. investments, multimillion-dollar contracts and new projects - this is still to come count, but one thing is already clear, the st. petersburg forum is coming to an end, which means that 4 days of fruitful work can be completed by finally loosening your tie and taking time for yourself. alexey kripanov, victor khudi, sergey vorobyov, sergey preobrazhensky, pavel zelenkov and natalya vlasova, ntv. saint petersburg. also on the sidelines of the pmf , a multi-part film was presented, which was filmed with support. tv and will soon be broadcast on our channel. the plot is based on the public and secret life of the legend