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Hong Kong Monetary Authority and Bank Indonesia signed a memorandum of cooperation to deepen collaboration on cross-border QR-code payments.
2026-09-24
Hong Kong Monetary Authority and Bank Indonesia signed a memorandum of cooperation to deepen collaboration on cross-border QR-code payments.
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2026-09-24
PBOC MPC met Sept. 19 (Q3, 114th meeting) and directed large banks to serve as the main providers of credit to the real economy, urging small banks to focus on core businesses and called for stronger bank capital. The committee said authorities will
PBOC MPC met Sept. 19 (Q3, 114th meeting) and directed large banks to serve as the main providers of credit to the real economy, urging small banks to focus on core businesses and called for stronger bank capital. The committee said authorities will deploy and refine structural monetary-policy tools, intensify targeted financial support for expanding domestic demand, technological innovation, small and micro enterprises and construction of six major networks, and continue support for private-sector growth. It also stressed maintenance financial-market stability and advancing high-level two-way financial opening while improving risk-management and macroprudential capacity under greater openness.
2026-09-24
Politico, citing five sources, reports the Trump administration is drafting a 90-day diesel export pause intended to lower domestic diesel prices ahead of the midterms. The plan has provoked splits inside government and the oil sector; Energy Secreta
Politico, citing five sources, reports the Trump administration is drafting a 90-day diesel export pause intended to lower domestic diesel prices ahead of the midterms. The plan has provoked splits inside government and the oil sector; Energy Secretary Wright, Treasury Secretary Bessent and Interior Secretary Burgum opposes a full ban. Wright warned a simple export prohibition could force refiners to cut runs — because diesel is co-produced with gasoline and jet fuel — and raise other fuel prices. Recent US strikes on Iran and an attack on a Russian refinery have pushed diesel prices higher. Farm-state Republican pressure, including public support from Senator Chuck Grassley, has pushed the proposal; Trump is said to be inclined to announce measures before the weekend, but the decision remains subject to change.
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