China Financial News

Donald Trump’s second administration is filling up with some of his most loyal supporters and many of the people landing top jobs have been critical of Prime Minister Justin Trudeau and security at Canada’s border.

social media platform X (formerly Twitter) for using his newspapers’ content without proper payment. This legal battle involves Arnault's newspapers, Le Parisien and Les Echos, alongside French dailies Le Figaro and Le Monde, who claim X failed to negotiate content remuneration as mandated under European law. Here’s what you need to know:

Subscribe to enjoy similar stories. New Delhi/Chennai: In December 2021, over 400 women staying at a hostel at Puduchatram on the Chennai-Tirupati highway took ill. Some of them had severe symptoms of food poisoning and were admitted to hospitals.

Financial services hiring is perking up everywhere, but in Hong Kong it's looking particularly sprightly. Bloomberg reported yesterday that professionals licensed with the Hong Kong Securities and Futures Commission (SFC) increased at the fastest rate ever in the past four months.  One of those hires was at Goldman Sachs, which has just relocated a London-based MD from a rival bank who previously spent the bulk of his career in Hong Kong.

If things had gone differently last week, U.S. President Joe Biden could have arrived at the Asia-Pacific Economic Cooperation forum in Peru on Thursday projecting confidence and pledging his successor’s cooperation with eager Latin American partners

African leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships

Naoki Hyakuta is facing severe backlash after making a controversial comment suggesting that women might need to «remove their uteruses» after 30 and help reverse the declining birthrate in Japan. Naoki Hyakuta, Japan's Conservative Party leader made the bizarre claim in a YouTube video where he discussed measures to increase the country's birthrate as part of a broader discussion on the challenges Japan faces due to its ageing population. According to a report in the South China Morning Post, the leader of the Japanese Conservative Party also said the solution to the nation’s population crisis would be to ban women from getting married after the age of 25. He did not stop there.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, says he typically tries to buy stocks following the three-U philosophy. He buys the undervalued, under-owned and underperforming stocks. So, for him, the valuation of food valuation and q-comm stocks has been a big constraint as at these valuations, the margin for safety is quite low. So, even though growth will come, there is not that much margin of safety. What is happening in the market? Can a conclusion be drawn that it is the disappointment on the earnings front that is leading to such a downtick in the markets? Or do you think there are a lot of moving parts that one needs to watch out for? Jyotivardhan Jaipuria: I guess the starting point was valuation. The valuations have been expensive for some time. A lot of us have been expressing concerns about that. So, when valuations are expensive, you need one trigger. The earnings were a little disappointing, that was one trigger. Also, probably the fact that China did a stimulus and there was a revival in interest in China. So to that extent, people are taking money off the table in some of the other countries that have done well. So, those would be the two points to think about in this correction.

Subscribe to enjoy similar stories. The US won the Cold War when the Soviet Union fell in 1991. The history of ideological conflict also ended, according to the American political scientist Francis Fukuyama.

Under the terms of the tender, released via a stock exchange notice today (13 November), if BGCG's net asset value total return did not exceed the total return of its benchmark – the MSCI China All Shares index- in sterling terms between 29 November 2024 and 30 November 2028, the tender offer will be held «as soon as practicable thereafter», it said. The board noted that a tender offer in December 2028 will give both the trust and its manager, Baillie Gifford, «appropriate time to outperform against its benchmark», and if it is not able to do so, shareholders will be able to take advanta...

Dalal Street as Nifty is now 10% from its 52-week high of 26,277 while Sensex has lost over 8,000 points from its peak. While the headline indices will be treated in bear grip if they fall below 20% from the peak, retail investor portfolios are already reflecting signs of a bear market as more than 900 stocks above Rs 1,000 crore market capitalisation are down at least 20% from their 52-week high levels.

India, the world's second-biggest crude steel producer, had turned a net importer during 2023/24 and the trend has continued during April-October, the data showed. During April-September, China was the lead exporter of finished steel to India and this is widely expected to be the case during April-October. Details will be known later in the month.

Donald Trump has appointed world's richest man Elon Musk to lead the newly formed US Department of Government Efficiency (DoGE). Musk, one of the wealthiest individuals globally with a net worth exceeding $300 billion, had previously promised Trump a key role in his government, while ensuring Musk's companies such as Tesla, X, SpaceX, xAI, and Neuralink remain under his control.

Subscribe to enjoy similar stories. MUMBAI : India’s port sector is on the rise, and it’s a story worth paying attention to. With over 7,500 kilometres of coastline and over 200 ports, India is becoming a maritime powerhouse.

China deployed some of its newest strike aircraft, warships and missile forces. However, one of the most menacing weapons used in the drills: an updated version of a bomber that first flew in the early years of the Cold War. Like America, which still relies on upgraded versions of the B-52, a bomber from the same era, China has successfully modernized its jet-powered H-6 to carry on flying deep into the 21st Century. These bombers were shown on China's state-controlled media taking off for missions designed to intimidate Taiwan as part of the war-game drills. Dubbed Joint-Sword 2024B by China's military, the maneuvers were a «stern warning» to people on Taiwan seeking independence, the Chinese military said.

Subscribe to enjoy similar stories. Nothing has consumed more ‘little grey cells’ than discussions on the United States presidential election, the contenders and their impact on the fate of the global economy after this “mother of all US elections." Even with the election now out of the way, economic uncertainty and volatility are here to stay, given fractures in society (and thus the polity) across the developed world. The focus thus far has been on foreign portfolio flows, interest rates, the policy stance of central banks and at times their liquidity management.

tech industry met in Lisbon on Tuesday for the Web Summit, the sector's first big event since the US election, with Donald Trump's victory expected to be a key theme of their discussions. The tech industry is holding its breath to see what Trump's second term will bring when he takes over in January, especially as SpaceX and Tesla chief Elon Musk is expected to have a huge influence on the next US government. During Trump's last term from 2017 to 2021, big tech firms were often at odds with the president, particularly given his crackdown on immigration and ramping up the trade war with China.

gold and silver prices, however this time addition twist has happen to this theory,” says Santosh Pandey, President & Head, Nuvama Professional Clients Group. In an interview with ETMarkets, Pandey said: “Higher Yield has potential to derail equity rally globally including India, but strong dollar is good for certain sectors like IT/Pharma and Textile on Indian perspective” Edited excerpts:

Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. The digital asset is up about 32% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on data compiled by Bloomberg. It changed hands at $88,500 as of 9:13 a.m. Wednesday in Singapore.

Otis India aims to support this need and urbanisation of India in a way that is smart, sustainable and scalable, says Sebi Joseph, President of Otis India, in an interaction with ET Digital. He adds that Otis also understands the challenges associated with respect to tier-2 and tier-3 cities and creates tailored solutions at scale to meet customer expectations. Edited excerpts: The Economic Times (ET): How is India placed in terms of manufacturing, installation and servicing of elevators and escalators? How have things changed over the years? Sebi Joseph (SJ): It is an exciting time for the elevator and escalator industry in India.

Goa's tourism numbers being circulated on social media platforms is a cause of 'significant concern' among local communities and investors and stakeholders of Goa, and the state government has registered a formal complaint to take cognizance of the matter, said Rohan A Khaunte, minister for tourism, information technology, electronics and communications and printing and stationary for Goa, in an interview with ET. Khaunte said an influx of tourism in any destination brings with it a set of issues and concerns and the state is working with trade bodies to address issues around high rates in the year end season besides allaying concerns around public transportation. The state is also working on boosting connectivity from Southeast Asian markets and other European countries, he said.