China-Hungary Relations: A "Golden Voyage" Has Begun
Chinese leader Xi Jinping described the relationship between China and Hungary as embarking on a "golden voyage" following a meeting in Budapest with Hungarian Prime Minister Viktor Orbán
The US dollar is under strong sales pressure after the Bloomberg agency said the Chinese authorities would reduce or even stop buying US Treasuries, said the BNR.
Bloomberg quoted unnamed sources close to the topic that official Chinese authorities overseeing the country's foreign exchange reserves have recommended a delay or even a suspension of US Treasury purchases. In their view, US government bonds have become less attractive than other financial assets. China's existing trade strain with the US may also be a reason for slowing or stopping US debt purchases, they say.
Though unsubstantiated, the news provokes aggressive dollar sales on foreign exchange markets, although at the same time yields of 10-year US bonds jumped to a ten-month high of 2.588 percent, the National Radio adds.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro
Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness
The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations
A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria
Artificial intelligence is changing the world’s economic and political landscapes, pushing every country to increase their AI investments.
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU