Business - My Global News: Voices of a New Era

BRICS Expansion: A New Era for Global Governance

My NewsOctober 21, 202402 mins

The BRICS bloc has expanded, launching the Greater BRICS to enhance its influence in global governance. The 16th Leaders’ Meeting in Kazan marks a new era of cooperation and inclusive partnership.

U.S. Budget Deficit Soars to $1.8T in Fiscal 2024

My NewsOctober 21, 202403 mins

The U.S. budget deficit hits $1.833 trillion in fiscal 2024, the highest since before the pandemic, driven by increased interest costs and rising outlays.

HKSAR to Enhance Integration with Mainland Capital Markets

My NewsOctober 21, 202402 mins

HKSAR is set to play a larger role in opening mainland China’s capital market by optimizing connectivity schemes, promoting RMB internationalization, and encouraging more companies to list in Hong Kong.

China Cuts Benchmark Lending Rates to Spur Economic Growth

My NewsOctober 21, 202402 mins

The Chinese mainland cuts key lending rates for the third time this year, aiming to reduce financing costs and boost economic growth, according to experts.

NDB Boosts Infrastructure and Sustainability in Emerging Markets

My NewsOctober 21, 202401 mins

The New Development Bank (NDB), founded by BRICS nations, mobilizes resources for infrastructure and sustainable development in emerging markets.

RMB Internationalization Boosts Hong Kong to Global Financial Hub Status

My NewsOctober 20, 202403 mins

Hong Kong is set to rival London and New York as a global financial hub, driven by the internationalization of the renminbi (RMB), according to Laurence Li at the 2024 Financial Street Forum.