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On July 30th, the Information Office of the Fujian Provincial Peoples Government held a press conference on the financial operation of Fujian Province in the first half of 2026. The conference reported on the relevant situation of Fujians financial operation in the first half of 2026. In the first half of the year, the total social financing scale of Fujian Province increased by 580.04 billion yuan. At the end of June, the balance of various loans in local and foreign currencies of financial institutions in the province was 9.1 trillion yuan, a year-on-year increase of 2.9%. The balance of various deposits in local and foreign currencies was 9.6 trillion yuan, a year-on-year increase of 7.8%.1. Bailey: The Bank of England is not expected to adjust interest rates this year, and its assessment of quantitative tightening may be overshadowed by inflation guidance and voting disagreements. 2. ING: The Bank of England is expected to hold rates steady throughout the year, with the latest forecast showing inflation approaching 3% in the second half of the year to early next year. 3. BNY Mellon: The Bank of England is not expected to change its policy stance, with at most two dissenting voices. Bailey will continue to emphasize that wage growth is slowing. 4. Berenberg: The Bank of England is expected to keep interest rates at 3.75%, or threaten to tighten policy, but a rate cut seems more likely in the future. 5. UBS: The Bank of England is likely to keep interest rates unchanged at 3.75% by a 7-2 vote. The decision is unlikely to have a significant impact on the pound. 6. MFS Financial: The Bank of England is expected to keep interest rates unchanged, with a cautious stance likely to prevail, and it is likely to remain on hold for the next few months. 7. Reuters poll: The Bank of England is expected to keep interest rates unchanged this year, but the risk of inflation caused by the US-Iran conflict remains, and the slowdown is unlikely to be sustained. 8. InvestBank: Expects the Bank of England to not adjust interest rates this year; current policy is already in a restrictive zone, and there is no need for immediate action. 9. Bank of America: Expects the Bank of England to keep interest rates unchanged, but may leave the door open for future rate hikes. Pay attention to the assessment of quantitative tightening. 10. Commerzbank: The Bank of England will avoid raising interest rates; if the US-Iran conflict ends before the end of September and employment remains weak, the probability of a rate cut is greater than a rate hike. 11. Oxford Economics: Expects the meeting to emphasize the upside risks to inflation and hint at a willingness to raise the benchmark interest rate if a second round of effects occurs. 12. National Institute of Economic and Social Research: Although inflation is expected to rise sharply in the second half of the year, the Bank of England is expected to remain on hold until the end of 2027.July 30th - A World Gold Council report indicates that investment demand is expected to be the main driver of gold demand growth for the remainder of 2026, increasingly supported by over-the-counter (OTC) trading activity and Asian investment demand. Central banks will remain significant gold buyers. High gold prices will continue to suppress jewelry demand, but the response from gold mine production and recycled gold supply is expected to be relatively mild. Gold investment demand is projected to remain positive for the remainder of 2026. OTC trading activity and Asian investment demand are expected to play a greater role, while Western gold ETF flows may continue to be sensitive to US Treasury real yields, Federal Reserve monetary policy expectations, and the dollars performance. Although consumer spending remains relatively resilient, high gold prices will continue to suppress jewelry demand; demand for gold in the technology sector is expected to further benefit from artificial intelligence investment, although downside risks are accumulating.BMW CEO: We are reassessing what technologies, model variants, and powertrains we need for the future.On July 30th, Eckhard Schulte, Chairman of the Board of MainSky Asset Management, stated in a report that Federal Reserve Chairman Warshs avoidance of providing any form of forward guidance makes it extremely difficult for the market to form a coherent analysis of Fed policy. The market will have to adapt to this communication style; the resulting high level of uncertainty will drag down stocks, long-term bonds, and the dollar. Warsh clearly stated that the Fed is serious about its 2% inflation target and intends to achieve it. However, he did not provide a coherent explanation for why the Fed did not heed the opinions of three dissenting members who advocated for interest rate hikes.

Thai Energy Firm Gulf Concludes Investments in Binance.US and BNB

Cameron Murphy

Apr 20, 2022 09:43


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  • In Thailand, Gulf Energy Development and Binance have formed a joint venture.

  • Gulf has invested in Binance's US subsidiary and its flagship cryptocurrency, BNB.

  • In Thailand, the business will seek for a license to operate a digital asset exchange.


Gulf Energy Development PCL, owned by Thai billionaire Sarath Ratanavadi, has completed an investment in Binance's US branch and its hallmark cryptocurrency, BNB.


The move follows the announcement in January of a cooperation between the two companies to develop a digital asset market in Thailand. The partnership, according to Binance, is the "initial step" in investigating potential in Thailand. Despite this, the Thailand regulator has filed a criminal complaint against the exchange for operating without a license.

Investment To Deepen Crypto Market Involvement

Gulf disclosed its investment in Series Seed Preferred Stock issued by BAM Trading Services, which runs Binance, in a regulatory filing with the Thailand Stock Exchange on Monday. US.


"As a result, the Binance investment.


The United States not only allows the Company to participate in one of the world's quickest user scale-up exchanges, but it also offers the possibility of increased investment value after Binance.


IPO in the United States."


According to CEO Brian Shroder, Binance is planning an initial public offering (IPO) in two to three years. The cash will be used by Binance's US subsidiary to increase staff and product range, undertake ROI-based marketing campaigns, and make additional acquisitions ahead of its anticipated IPO, according to the filing.


Gulf also put money into Binance Coin (BNB), the native cryptocurrency that runs the BNB Chain ecosystem, for an unknown amount.


The business also announced a joint venture deal with Binance to establish a crypto exchange in Thailand, according to another regulatory filing.


"Following the formation of the joint venture, it will apply to appropriate authorities for a digital asset exchange license and other licenses."


Last week, Binance announced that it has gained primary permission from Abu Dhabi Global Market for its activities. Binance will be able to operate as a virtual assets broker-dealer as a result of the clearance, marking the company's third aggressive expansion in the Middle East after securing licenses in Bahrain and Dubai.


The joint venture, according to Gulf, would provide it greater opportunity to investigate the digital asset sector and expand the scope of its investments.

Thailand Crypto Tax

Thailand, however, prohibited cryptocurrency payments last month, citing price volatility, a lack of user safety, money laundering, and cyber-theft concerns as major factors in the decision.


Crypto firms would "not be authorized to promote or market crypto payments," according to the banking authority.


Following public criticism, the nation first planned a 15% tax on crypto assets, but eventually abandoned its proposals. However, when contrasted to India's 30% tax rate, this seems to be considerably less.

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