China Financial News
13.11 / 01:21
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Asian stocks
Asian stocks fall ahead of key US inflation data
inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Stock benchmarks in Tokyo and Sydney retreated after the S&P 500 slipped following its biggest five-day advance in a year. The Bloomberg Dollar Spot Index extended its post-election rally, while the yen closed in on the closely watched level of 155.
13.11 / 01:21
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Rupee falls to fresh low of 84.41 against US dollar
The rupee closed at 84.3925 per dollar, unchanged from Monday's closing level.
13.11 / 01:05
FIVE
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Justice
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Code to court: Can you expect a fair trial from AI, GenAI lawyers and judges?
Subscribe to enjoy similar stories. Five years ago, Estonia’s ministry of justice assigned chief data officer Ott Velsberg to develop an artificial intelligence (AI)-powered “robot judge" to address a backlog of small claims while ensuring that human judges could review and revise the AI judge's decisions. Complex cases in Estonia, though, continue to be tackled by human lawyers and judges.
12.11 / 23:33
12.11 / 20:15
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Traffic
Colleges
Thousands of college bikers put the Xi Jinping government on the edge in China; here's what happened on Friday night
Zhengzhou to Kaifeng in China have eventually surged in popularity among college students while it was initially encouraged by local authorities to promote tourism. According to CNN, the trend has eventually now spiraled out of control and has led to significant traffic disruptions and safety concerns as tens of thousands of cyclists clogged highways and overwhelmed the city of Kaifeng which is pretty famous for its soup dumplings. CNN reported that in response the Chinese officials have now implemented strict measures which even include closing bike lanes and deploying police to manage the situation. Also Read: Bad Sisters Season 2: When will new episodes air? Release date & plot
12.11 / 20:15
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Donald Trump to order US banks mergers soon?
Donald Trump's return to the White House could usher in a wave of bank mergers and acquisitions as the administration appoints regulators who are more open to approving larger deals, financial executives and analysts said on Tuesday, as per a report. The banking industry is expected to win big if Republican regulators ease capital rules and merger approvals when they replace the aggressive financial regulators of the Biden era, Reuters reported. «I have to believe we are entering a moment where bigger deals can be done,» Mitchell Eitel, managing partner at law firm Sullivan & Cromwell, told a banking conference in New York.
12.11 / 19:33
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Trump has promised to 'save TikTok'. What happens next is less clear
After a tumultuous year filled with anxiety and a legal fight about its future in the U.S., TikTok may have just been thrown a lifeline by the man who was once its biggest foe
12.11 / 18:15
markets
Citi
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economy
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China jitters, earnings drag Europe's STOXX 600 down 2% to three-month low
Europe's main index plunged 2% to a near three-month low on Tuesday, as concerns over the fate of U.S.-China relations cast a shadow over stocks with significant exposure to the world's No. 2 economy, while some downbeat earnings also weighed. The STOXX 600 also notched its steepest one-day decline since early August after Monday's 1% jump.
12.11 / 15:33
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RAI
AVP
India, China to patrol once every week in Demchok and Depsang, complete one round of patrol each
The two sides had started coordinated patrols in the first week of the month after completing disengagement in both Demchok and Depsang in the last week of October. The two sides have agreed to carry out one patrol each by both sides every week in Depsang and Demchok. In each area, one patrol would be carried out by Indian troops and one patrol would be done by the Chinese troops, defence sources told ANI.
12.11 / 15:17
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What the wealthy do to get richer? 360 One Wealth and CRISIL's Wealth Index report reveals secrets
360 ONE Wealth and CRISIL on Tuesday released the Wealth Index report. It is a detailed research and analysis on the investment behaviours, preferences, and wealth management trends of India’s ultra-high-net-worth individuals (UHNIs) and high-net-worth individuals (HNIs). The survey has been conducted on 388 UHNIs and HNIs. The index offers a detailed understanding of the investment strategies and priorities of India’s wealthy. India is an emerging global wealth, with the country now host to 334 billionaires as of 2024. Mumbai has solidified its status as Asia’s billionaire capital and ranks third globally. It has raced based some of the cities in US and China. This economic momentum is expected to further fuel wealth creation across sectors like fintech, e-commerce, space, and defence.
12.11 / 14:17
markets
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ETF
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War
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Gold Prices
Gold prices may face near-term retracement due to stronger dollar, yields
gold prices, according to the monthly gold market report released by the World Gold Council today. The start of November saw gold pressured by higher opportunity costs and a Republican clean sweep. The first week of November saw gold move lower after hitting a new all-time high on the first of the month.
12.11 / 14:17
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India beat South Korea 3-2 in women's Asian Champions Trophy hockey
Asian Champions Trophy hockey here on Tuesday. India raced to a 2-0 lead in the first half through goals from Sangita Kumari (3rd minute) and Deepika (20th) before Korea mounted a strong comeback in the third quarter and drew parity with goals from Yuri Lee (34th) and skipper Eunbi Cheon (38th). But the match was far from over as Deepika scored from the spot in the 57th minute to eke out a close win for India.
12.11 / 14:17
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Department
India imposes anti-dumping duty on chemical imported from China, Korea, Thailand
China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical — Epichlorohydrin — was exported to India from these countries at below-normal prices. «The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...,» the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).
12.11 / 14:03
UPS
Provident
Mobile
ByteDance
electronic
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Japan's SoftBank returns to profit after gains at Vision Fund and other investments
Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments
12.11 / 14:03
security
Election
President
rights
Philippine defense secretary doesn't expect Trump will demand payment for protection
Philippine Defense Secretary Gilberto Teodoro says he doesn't expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because both allies face the shared threat of China
12.11 / 14:03
COST
UPS
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EU top diplomat nominee strongly backs Ukraine and underlines China's links to the war
The nominee for the European Union's next top diplomat says the bloc must commit to Ukraine for the long-haul even as the war's costs mount
12.11 / 14:03
markets
Provident
Platform
wellness
Pinduoduo
social
reports
Chinese e-commerce firms report growth in sales, shoppers for Singles' Day shopping festival
China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed
12.11 / 13:43
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China displays new stealth fighter in race to match US
Subscribe to enjoy similar stories. China’s air force showcased a suite of new armaments this week, including a new stealth fighter and an attack drone, demonstrating its advancing ability to challenge the U.S. military presence in the Asia Pacific.
12.11 / 10:55
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International
China's Alibaba releases AI search tool for small businesses in Europe and the Americas
BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.
12.11 / 10:25
markets
COST
UPS
Citi
Digital
China plans to slash homebuying taxes in fiscal stimulus
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter. Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as low as 1% from a current level of as much as 3%, the people said, requesting not to be identified because the matter is private. City governments have leeway to tweak the rules, the people added. The plan, hinted at on Friday by Finance Minister Lan Fo’an, underscores Beijing’s increased willingness to use fiscal tools to shore up the sluggish economy along with monetary easing. Lan pledged to carry out “more forceful” fiscal policies next year after unveiling a 10 trillion yuan ($1.4 trillion) debt swap for local governments, signaling bolder steps could come after US President-elect Donald Trump takes office.
12.11 / 09:45
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