China Financial News

BRICS summit, I was granted rare access to the president's movement — something very few journalists experience.

The US Fed cut its benchmark lending rate by 25 bps to 4.5%, in line with expectations and in an attempt to support economic growth, China’s National People's Congress (NPC) approved $839 billion refinancing of local government debt. This would help reduce interest payments by 600 billion yuan over five years.

ToxicPanda, a new dangerous Android banking malware, has infected over 1,500 Android devices and is spreading globally, putting bank accounts of users at high risk. ToxicPanda, a Chinese hacker is targeting Android devices in Europe and Latin America with a banking trojan able to steal money from victim’s accounts.

Foreign institutional investors (FIIs), who had sold Indian stocks worth about Rs 94,017 crore last month, continued to hit the sell button in November where the outflow was around Rs 23,398 crore in the first six trading sessions of the month. Till Thursday, FIIs were net sellers to the tune of Rs 19,994 crore, according to NSDL data. Friday's session saw foreigners offloading another Rs 3,404 crore.

Finance Minister announced the establishment of E-Commerce Export Hubs (ECEHs) in this year’s budget to enhance merchandise exports through cross-border e-commerce. This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations such as China and Japan, disruptions caused by the Russia-Ukraine conflict, and other macroeconomic issues. In addition to geopolitical challenges, the fragmented and predominantly B2B-focused Indian regulations that govern e-commerce exports today, impose significant compliance burden on the small businesses. To address these challenges, the proposed ECEH model aims to consolidate various stakeholders within a unified regulatory and logistical framework to streamline and facilitate e-commerce exports.

Traders were also awaiting the end of a week-long meeting of key Chinese officials who have been hammering out a major stimulus package for the world's number two economy with an eye on the US election result.

Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump.

Global efforts to fight climate change stumbled but survived the last time Donald Trump was elected president

Subscribe to enjoy similar stories. Companies are weighing possible price increases in response to any new tariffs proposed under the incoming Trump administration, a step that some finance chiefs say they’re wary of taking as customers feel the strain of inflation. President-elect Donald Trump has talked about a tariff of 60% or more on goods from China and an overall tariff of 10% to 20% on imported goods.

Subscribe to enjoy similar stories. ECONOMIST SOMETIMES say that China suffers from the three Ds: debt, deflation and poor demographics. America’s presidential election added a fourth: Donald Trump, who has threatened to slap high tariffs on Chinese exports when he returns to the White House.

Donald Trump will no doubt have wide-ranging implications for the global economy, interest rates and how currencies respond to the U.S. dollar as he assumes control.

Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for the return of President-elect Donald Trump who has pledged to slap steep tariffs across the board on imports from other countries

Germany's main opposition leader Friedrich Merz criticised Chancellor Olaf Scholz on Friday as «irresponsible» for delaying early elections, as an opinion poll also showed voters in favour of an early vote to pull the country out of political crisis.

Experts say Donald Trump’s election victory could shift interest rate policy in the U.S. as his promised policies risk higher inflation, which could ultimately have implications for Canadian rates and the loonie.

2028 Los Angeles Games remains on her radar.

Donald Trump will inherit a raft of national security challenges, including major wars in Ukraine and the Middle East.

Donald Trump was elected president and withdrew the United States from an international climate agreement. Other countries, states, cities and businesses picked up some of the slack.

Subscribe to enjoy similar stories. TEL AVIV—Israeli Prime Minister Benjamin Netanyahu and his allies celebrated Donald Trump’s win, assuming the former president’s return to the White House will bring it with the kind of support for Netanyahu’s policies that characterized Trump’s first term in office. But this time around, things are different.