Notizie

Russia and Iran have settled $214 billion in Chinese yuan in March, marking a significant move in the BRICS nations' efforts to reduce reliance on the US dollar for trade. According to NS3.AI, this development is part of a broader strategy to diversify currency usage in international trade. Iran has subsequently allowed the passage through the Strait of Hormuz for China, Russia, and India, with transactions conducted in yuan. Ding Shuang of Standard Chartered noted that the ongoing Middle East conflict has served as a catalyst for this shift, while Russia has largely halted US dollar payments since February 2022.

China's Ministry of Commerce spokesperson, He Yongqian, announced on May 14 that Chinese and U.S. trade representatives held discussions in South Korea. According to Odaily, the talks took place on May 13, led by Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Bessent. The discussions were guided by the consensus reached by the two countries' leaders, focusing on mutual respect, peaceful coexistence, and cooperation for mutual benefit. Both sides engaged in open, in-depth, and constructive exchanges on resolving trade issues and expanding practical cooperation. Moving forward, China is willing to work with the U.S. based on principles of equality, respect, and reciprocity to extend the list of cooperative efforts and reduce the list of issues, aiming for a healthy, stable, and sustainable development of China-U.S. trade relations.

South Korea's KOSPI index increased by 1.75%, achieving a new all-time closing high. According to NS3.AI, Samsung Electronics contributed significantly to this rise, gaining 4.23% and also setting a record closing high.

Iranian Foreign Minister Araghchi has stated that there is no military solution concerning Iran's current situation. According to NS3.AI, Araghchi emphasized that Iranians will not succumb to threats or pressure. He affirmed Iran's readiness to defend its freedom and territory while maintaining a commitment to diplomatic efforts.

India is grappling with the task of uniting the BRICS bloc as members remain divided over the ongoing conflict in Iran. Bloomberg posted on X, highlighting the complexities India faces in fostering consensus among the diverse group of nations. The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, has been struggling to present a unified stance on the geopolitical tensions involving Iran. The divisions within the group are reflective of the broader challenges in aligning the varied political and economic interests of its member countries. As India seeks to play a pivotal role in mediating these differences, the outcome could significantly impact the bloc's influence on the global stage.

The UK's construction output for March increased by 1.5%, surpassing expectations of a 0.5% decline. According to Jin10, the previous month's figure was revised from 1.00% to 0.5%.

The United Kingdom reported a seasonally adjusted goods trade deficit of £27.218 billion in March, marking the largest deficit on record. According to Jin10, the country's GDP grew by 0.6% month-on-month in March, the highest increase since March 2025. Additionally, the annual GDP growth rate reached 1.2%, the fastest pace since July 2025.

Chinese President Xi Jinping emphasized the importance of partnership over rivalry with the United States during a summit in Beijing. Bloomberg posted on X, highlighting Xi's remarks directed at U.S. President Donald Trump, who was present at the event. Trump praised his relationship with Xi, describing it as 'fantastic,' and noted that U.S. business leaders were in Beijing to show their respect for Xi and China.

PANews posted on X (formerly Twitter). Elon Musk and Jensen Huang accompanied U.S. President Donald Trump on his visit to Beijing. Musk described the talks as progressing 'very well' and mentioned that 'many good things' are happening. Jensen Huang noted that the meetings were successful, praising the leaders as 'incredible.' Meanwhile, Tim Cook expressed his approval with a thumbs-up gesture.

Samsung workers have threatened to initiate an 18-day strike starting May 21, potentially affecting approximately 3% of global memory chip production. According to BlockBeats On-chain Detection, the news has quickly spread, leading to a positive impact on competitors like Micron Technology, whose shares rose by 4.8%, reaching a market capitalization of $900 billion for the first time at closing.

The strong market response has also led to increased trading activity on-chain. The Hyperliquid platform saw its MU contract trading volume surge to $140 million, with open interest rising to $152 million, placing it among the top ten in platform trading volume and the largest contract among U.S. stock targets, excluding the three major indices.

The largest MU long position on-chain was taken by a whale using 3x leverage to long 22,188 MU contracts, with a position valued at approximately $17.7 million. After two weeks of building this position, the whale has achieved a floating profit of $4.9 million, marking a 62% increase.

Address: 0x577ae91c7b74f04ddb3a5b399ded8318e9895fd2

Chinese President Xi Jinping and U.S. President Donald Trump have wrapped up their summit in Beijing today. According to NS3.AI, Trump is currently in China for a state visit.

During a summit in Beijing, Chinese President Xi Jinping conveyed to U.S. President Donald Trump that historical experience demonstrates there are no victors in a trade war. According to NS3.AI, Xi highlighted that the economic and trade relationship between the United States and China is founded on mutual benefit. He emphasized that equal negotiation is the appropriate method for resolving disputes. Xi also noted that the economic and trade teams from both nations achieved broadly balanced and positive outcomes yesterday.

India's rupee is expected to remain under pressure near its historical low on Thursday due to persistent adverse factors related to oil prices. According to Jin10, the prolonged high oil prices have increasingly pressured the currency, prompting Indian Prime Minister to call for reduced non-essential overseas travel and gold imports to conserve foreign exchange reserves. Previously, India raised import duties on gold to curb the trade deficit. As oil import costs rise, the trade deficit may further widen, leading to a significant deterioration in the current account deficit. Nomura Securities reported that in the coming weeks and months, the Indian government might introduce additional policy measures, including restrictions on imports of electronic products, tightening regulations on the 'Liberalized Remittance Scheme' (which allows residents to remit up to $250,000 overseas annually), and possibly issuing bonds targeted at overseas Indian expatriates.

The UAE's Minister of Economy and Tourism, Ben Touq, conducted an inspection of the Dubai gold market to assess merchants' compliance with regulations related to the gold industry. According to Jin10, the focus was particularly on adherence to anti-money laundering and counter-terrorism financing (AML/CFT) as well as counter-proliferation financing (CPF) frameworks. Ben Touq emphasized that the UAE has made significant progress in establishing a comprehensive legislative and regulatory framework for gold trade.

Hong Kong's chip stocks experienced a downturn, with several companies seeing significant declines. According to Jin10, ASMPT (00522.HK) and Hua Hong Semiconductor (01347.HK) both dropped more than 5%. Additionally, Horizon Robotics (09660.HK), Chipone Holdings (02166.HK), and Biren Technology (06082.HK) fell over 4%.

Elon Musk announced on the X platform that he is traveling to Beijing aboard the U.S. presidential aircraft, Air Force One. According to Odaily, Musk responded to claims that the combined net worth of CEOs on the plane exceeded $20 trillion, clarifying that only he and NVIDIA CEO Jensen Huang are on board.

Hong Kong's robot concept stocks experienced a significant rise in early trading. According to Jin10, Hesai Technology (02525.HK) saw an increase of over 10%, while Alibaba (09988.HK) rose by more than 8%. Additionally, RoboSense (02498.HK) and Li Auto (02015.HK) both climbed over 4%, and Xiaomi Group (01810.HK) increased by more than 3%.

The U.S. Defense Department has canceled the deployment of an armored brigade to Europe as part of President Donald Trump's plan to reduce military presence overseas. According to the Wall Street Journal, this decision surprised some military officials who had anticipated a more gradual adjustment to the U.S. military's European deployment.

The United Arab Emirates (UAE) has denied reports of a visit by Israeli Prime Minister Benjamin Netanyahu or the reception of an Israeli military delegation, according to a statement from the UAE Ministry of Foreign Affairs on May 14. According to Odaily, the UAE emphasized that its relations with Israel are conducted transparently within the framework of the publicly announced Abraham Accords, and not based on any unofficial or opaque arrangements. The statement clarified that any claims of undisclosed visits or arrangements are unfounded unless officially announced by UAE authorities.

On the evening of May 13, the Israeli Prime Minister's Office released a statement claiming that Prime Minister Netanyahu had secretly visited the UAE during the "Roaring Lion" military operation and met with UAE President Mohammed. The statement described the visit as a historic breakthrough in relations between Israel and the UAE.

A court in Alberta has ruled against political activists seeking to initiate a petition for a vote on separating from Canada. Bloomberg posted on X that the decision was based on the government's failure to fulfill its obligation to consult with Indigenous communities. The ruling highlights the importance of engaging Indigenous groups in discussions that could significantly impact their rights and territories. This decision underscores the legal requirement for meaningful consultation with Indigenous peoples in matters of national and regional significance.