Both China and India have their alternative to SWIFT – the Cross-Border Interbank Payment System (CIPS) and the Structured ...

The People's Bank of China (PBOC) announced that the broad money supply (M2) balance in China at the end of October amounted to RMB309.71 trillion, notching a YoY rise of 7.5%, more than the expected ...

The 2024 BRICS Summit made steady progress on cross-border payments and a new tier of international partners, signaling a ...

Trump’s return may reshape the dollar, global trade, and US foreign relations. De-dollarization may bring penalizing tariffs ...

The global economy is a tangled disaster right now. At the center of it all is de-dollarization, Russia, and the very real ...

The 16th BRICS Summit in Kazan emphasises multilateralism, financial innovation, and alternative payment systems. Leaders ...

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Project mBridge is a blockchain-based payments ledger, which is designed to support real-time, cross-border payments and ...

In the latest Money Metals Midweek Memo podcast, host Mike Maharrey analyzed recent developments in global currency and trade ...

CIPS stands for Cross-Border Interbank Payment System, China's version of SWIFT, the global financial messaging system. This alternative payment system facilitates clearing and settlement services ...

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth ...