China Financial News

Asian stocks dipped early Monday as traders reined in expectations of Federal Reserve interest rate cuts following fresh signs of US economic resilience. Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US futures gained, after the S&P 500 slid 1.3% on Friday to erase more than half of its gains following the US election.

The minister has often expressed his frustration and accused the Centre of using political influence to divert semiconductor investments away from Karnataka. «I'm not saying that other ecosystems don't deserve support, but who deserves it the most? It's not just about Karnataka; it's about the nation becoming a manufacturing hub. It's about India becoming an economic superpower and leading in technologies.» Kharge also said that it's disheartening that states like Karnataka, Tamil Nadu, and to some extent, even Maharashtra, are getting the raw deal.

Tata Electronics is signing a deal to own a majority stake in Taiwanese contract manufacturer Pegatron's plant in Tamil Nadu, people familiar with the development said, underlining its move to increase its capacity of assembling iPhones. The deal is likely to lead Tata Electronics having a 60% stake with Pegatron holding the balance in the JV to run the iPhone production facility. Industry executives said the Tata Group company could pay $150-200 million for the stake. The people said, with the joint capacities of both the Wistron and the Pegatron facilities, along with the expansion Tata is undertaking at its Hosur facility, the company's capacity may increase to be at par or almost at par with that of Taiwan's Foxconn, which currently makes the most number of iPhones in India.

Subscribe to enjoy similar stories. A road accident in Dehradun early on Tuesday last week killed six and left one critically injured. It is a stark reminder of Indian roads being the world’s deadliest, with the highest fatalities globally.

Subscribe to enjoy similar stories. India stands out as a compelling growth and transformation story, largely driven by infrastructure, with GDP growth projected at 6.5% or higher in 2024 and 2025—one of the highest growth rates of any peer economy in the world, said Stefan Hofer, managing director and chief investment strategist at LGT Bank Asia. “So, we want to buy that growth." Though, “the natural caution is the valuation," he warned.

Denzel Washington’s quest to bring the works of August Wilson to the screen have already produced several exceptional films, and performances, in “Fences” and “Ma Rainey’s Black Bottom.” In “The Piano Lesson” (on Netflix Friday, November 22), he hands the reins to his son, Malcolm Washington, who makes his directorial debut in a production starring John David Washington, Danielle Deadwyler, Samuel L. Jackson, Erykah Badu, Ray Fisher and Corey Hawkins. Following its first foray into feature film animation, 2022’s “Luck,” Skydance returns with another original animated tale in “Spellbound” (on Netflix Friday, November 22). The film, set in the magical world of Lumbria, is about a young girl (voiced by Rachel Zegler) who must save the rulers of Lumbria, her parents (Nicole Kidman, Javier Bardem), after they’re turned into monsters. “Spellbound,” produced by former Pixar boss John Lasseter, features original songs from Disney legend Alan Menken.

«If you look five years into the future, North America is stagnating in terms of industry, Europe is shrinking, South America is shrinking. Southeast Asia is totally dominated by China, and China is shrinking really, really fast,» Borgas told ET in an exclusive interaction. The only growing parts of the world are India and the Middle East," he said. Refractories are used in the production of steel, cement, glass, aluminium and copper. RHI, which supplies to every steel and copper plant in the world, 80% of cement plants, and half of aluminium plants globally, believes that growth in India could be between 6% and 13% on a compound annual basis over the next five years.

BAKU: As ministers take over at the climate talks in the Azerbaijani capital, all eyes are on Rio, where the leaders of the G20 are meeting. The first week of the UN climate summit closed with the scheduled assembly late on Saturday night that lasted a little over three hours, ending at around half hour past midnight. The divergences among countries on important issues, such as finance and the path forward on the outcomes of last year's global stock take, and the absence of trust became apparent as countries took the floor to air their views. On some issues such as loss and damage and adaptation, and mitigation work programme the absence of trust and compromise among countries was such that «Rule 16» was invoked. Rule 16 refers to a provision which is used when countries can't even agree to produce an outcome that puts on record the discussions and divergent views. As a result, countries will have to begin their discussions all over again when they meet in Bonn in the summer. The lack of trust most evident on the issue of how countries propose to address and implement the decisions on emission reduction and energy transition agreed to in Dubai and the lack of any real progress on making available climate finance to developing countries.

Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations. The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un, said the people, speaking on condition of anonymity to talk about private discussions. They stressed that such a move wasn’t imminent and that military support at that scale — if it occurred — would likely happen in batches with troops rotating over time rather than in a single deployment. Ukraine’s ambassador to South Korea made a similar assessment earlier this month. Dmytro Ponomarenko said in an interview with VOA that Kyiv expected up to 15,000 North Korean troops deployed to fight in Russia’s Kursk region – and possibly in occupied areas of eastern Ukraine – to rotate every few months.

Subscribe to enjoy similar stories. Nerf guns. Monopoly board games.

That makes the combined UAE market, which includes exchanges in Dubai and Abu Dhabi, bigger than Milan or Madrid. While dwarfed by the nearly $3 trillion Saudi Arabian bourse, the UAE is larger than most emerging markets, barring a few like India and China, according to data compiled by Bloomberg.

Subscribe to enjoy similar stories. Eight people were killed and 17 wounded in a knife attack Saturday at a college in eastern China, the latest in a string of grisly crimes to unsettle the country. Police in the city of Yixing said the attack at the Wuxi Vocational Institute of Arts and Technology was carried out by a student who hadn’t graduated after failing an exam.

RCEP) continues to be justified, according to a recent report by the Global Trade Research Initiative (GTRI). The study highlights that participation in the trade bloc could exacerbate India's trade deficits, particularly with China, and pose challenges to domestic industries, especially small and medium enterprises (MSMEs). India opted out of RCEP in 2019, citing concerns over trade imbalances and the potential harm to local industries. The RCEP, a comprehensive free trade agreement, includes the 10 ASEAN countries and six trade partners—China, Japan, South Korea, Australia, New Zealand, and India (which chose not to join). Together, these countries account for 30% of global GDP and nearly half the world’s population. Key Findings

The global consultancy firm said in the report that China's economic deceleration, changing consumer preferences and the return of international travel are making growth in the country highly challenging, leading international fashion brands to look to other Asian markets. The firm further added that the global fashion executives rank Asia growth markets as their top sourcing hotspots for the next five years, adding that the regulatory incentives in these countries fuel manufacturer capability building.

Kamala Harris lost the presidential election, but one of her campaign slogans was vindicated in defeat. «We're not going back!» the Democratic nominee insisted on the campaign trail, and she was unintentionally correct: Donald Trump's return to power is proof that we have lived through a real turning point in history, an irrevocable shift from one era to the next. In Trump's first term, he did not look like a historically transformative president. His victory was narrow. He lacked real majority support. He was swiftly unpopular and stymied and harassed. Even if his 2016 upset proved that discontent with the official consensus of the Western world ran unexpectedly deep, the way he governed made it easy to regard his presidency as accidental and aberrant — a break from a «normal» world of politics that some set of authority figures could successfully reimpose.

Xi Jinping told his U.S.

Donald Trump's imminent return to the US presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalisation. Xi's critique of protectionism at APEC offers a preview of how China will seek to position itself once Trump takes office in January. Trump has pledged to impose tariffs on Chinese imports in excess of 60% but Beijing and Chinese companies are hoping that his protectionist policies will also irk US allies in Europe and Asia — giving China an opening to increase its global influence and improve trade ties. In a speech read out to business executives by Chinese commerce minister Wang Wentao on Friday at the APEC CEO Summit, Xi said that economic globalisation was facing «countercurrents», without specifying any particular country or leader.

Joe Biden met with Chinese President Xi Jinping for the last time in Peru on Saturday, The Hill reported. Biden met with Xi on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru on Saturday. As per The Hill, during the meeting, Xi said that China is «ready to work» with the new Donald Trump administration and emphasised maintaining communication, expanding cooperation and managing differences.

Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House. «The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons,» the White House said in a statement. «The two leaders also stressed the need to consider carefully the potential risks and develop AI technology in the military field in a prudent and responsible manner.» An official Chinese government summary of the meeting echoed this point. The Chinese foreign ministry did not immediately respond to a request for comment.

After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of the region’s major economies, the Asia-Pacific Economic Cooperation forum wraps up with a spirit of detente that many fear the annual summit may n...

The 21-year-old suspect, surnamed Xu, was caught at the scene and he confessed to his crime, according to a statement released by the public security bureau of Yixing, the state-run Xinhua news agency reported. According to the police, Xu, a graduate of the school this year, returned to the school to vent his anger for not receiving his graduation certificate due to failing exams and for dissatisfaction with his internship pay.