China Financial News

At a campaign rally in Pittsburgh, Pennsylvania, Trump said he would move quickly to crack down on drug trafficking along the southern U.S. border with Mexico and that he would use tariffs. «We will immediately stop the drugs pouring across our border,» he said.

Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S. West Texas Intermediate crude was at $71.33 a barrel, down 14 cents, or 0.2%.

U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped

Hinduja Group received the central bank's approval to acquire the financial services company, but the transaction cannot proceed until it is approved by the Department for Promotion of Industry and Internal Trade (DPIIT). The Hindujas need DPIIT's approval because IIHL (IndusInd International Holdings), the acquisition vehicle, has 600 shareholders from the UAE, Singapore, Hong Kong, and Mauritius, with 39 shareholders residing in Hong Kong, which is classified as a land-border country under PN3 due to its special administrative relationship with China, said a source. This has raised compliance questions under PN3, prompting deeper scrutiny by Indian regulators.

Subscribe to enjoy similar stories. Let’s face it, you’re online right now, refreshing apps and looking for news. If you’re scrolling anyway, maybe try fixing something in your life—in 15 minutes or less.

Subscribe to enjoy similar stories. Logistics operators with roots in China are taking on more warehouse space across the U.S. amid broad changes in sourcing, manufacturing and global trade flows.

BEIJING — Early indicators of China's biggest shopping event of the year reveal a pickup in select categories amid expectations of relatively modest growth in overall sales.

Shein and Temu have transformed the fashion landscape across Europe and the United States. In the U.S., Shein and Temu are challenging Amazon's dominance, while in Europe, they are reshaping the market by competing aggressively with established fashion retailers like Zara and H&M, reported The Times of India (TOI). The appeal lies in their ultra-low prices and vast product ranges, making long-standing retailers seem less competitive in comparison. Zara and H&M are feeling the pressure, as Temu and Shein are often able to undercut their prices and deliver faster, feeding a growing demand for ultra-fast fashion in Europe. Recently, however, Temu has come under scrutiny in Europe. The European Commission, the EU's executive arm, has reportedly launched an investigation into Temu, following suspicions that the company may not be effectively preventing the sale of illegal products. This probe, reported by the Associated Press, follows Temu's addition to the EU’s list of “very large online platforms,” which are subject to stringent oversight under the Digital Services Act (DSA).

«There are some global factors as well that what is the trajectory of China's stimulus, so that has been one of the key factors, which in the last year, when some of the FIIs might have thought about China also as an investment class. But after that, again, China has corrected as well,» says Shreyash Devalkar, Axis Mutual Fund. The Nifty is down more than 2000 points from its September highs. Do you expect more correction to come in or are the valuations now looking attractive? How are you reading into this fall in the markets? What could have been the reason? What could be the reason for the Nifty to consolidate at these levels? What are your views when it comes to the Indian markets? Shreyash Devalkar: So, yes, we have seen that Indian market correcting, especially in last month, multiple factors has started affecting it. First and foremost, obviously, the valuations we have observed has been high in India. And when we say high, it is in the context that in across sectors, it is at least almost 30% to 200% higher than pre-COVID level as far as valuations are concerned, barring probably private sector banks, everywhere else this was observed and so that is actually the one point which has led to this correction.

The United Arab Emirates has opened its annual oil-and-gas summit as it pledges to increase energy output even as global prices have fallen

Shares are mostly higher in Europe and Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy

Sensex has lost over 7,700 points in a matter of just 5 weeks or 25 trading sessions. After hitting a record high of 85,978 points on 27 September, Sensex fell for four consecutive weeks before consolidating in the Diwali week. Ahead of two key events — the US election and the Fed meeting — traders chose to opt for a risk-off mode on Monday when the Sensex fell nearly 1,500 points. Nifty fell about 2% to 23,800 — its lowest level since August 6.

Subscribe to enjoy similar stories. As the rich world ages and faces chronic labour shortages, even as productivity slows, the silver generation—those over the age of 50 years—can be a valuable demographic group. Not only to overcome these challenges, but also transform the way society functions.

Subscribe to enjoy similar stories. Stock market experts have cautioned investors that past performance is not a crystal ball for future gains. Given the Nifty 50 index’s hefty 26% return over the past year, investors may need to scale back their return expectations for equities.

Subscribe to enjoy similar stories. With scant detail on how Beijing aims to stimulate its way out of its economic downturn, some investors have speculated that the U.S. presidential election might prompt the big “bazooka" markets have hoped for.

Subscribe to enjoy similar stories. NEW DELHI : In China, some social media influencers are being taken by the police for questioning for spreading misinformation online. An Economist article recently cited how China’s police are taking online fibbing seriously.

Subscribe to enjoy similar stories. ON THE EVE of America’s presidential election, many people around the world are waiting on edge. Although non-Americans do not get a vote, the outcome of the election will have ramifications far beyond America’s borders on issues such as international trade, the credibility of Western defence alliances and the rise of China.

BSE 500 index has gained 34.5% during this period, partly riding on the continued strength exhibited by the domestic economy and a healthy earnings footprint of India Inc. The market has powered on amid intermittent hiccups, including rising geopolitical tensions, concerns over global recession and a slowdown in China. Mid and small caps, as well as PSU stocks, have put on a show, as Indian stocks have continued to outperform global peers. Stocks fund managers are betting on Domestic equity fund managers, leaning on wisdom gained from previous market cycles, have tempered their excitement. These market mavens have raised vigilance, pulling various risk levers to build portfolios capable of showing better resilience in preparation for tougher roads lying ahead. In this eleventh edition of Most Wanted Stocks, we have zeroed in on a basket of stocks that have been consistently favoured by mutual fund managers. These six stocks have seen a gradual rise in mutual fund holding for four consecutive quarters since September 2023.

stocks with a market cap of over Rs.100 crore, 80.6% (or 2,425 stocks) delivered negative returns in October. Moreover, 1,999 stocks, or 66.4%, saw a price fall of more than 5%. The returns are calculated for closing values between 30 September and 25 October. Strong FPI selling, driven by the Chinese stimulus, low Chinese stock valuations, Middle East tensions, and crude oil volatility have weighed on the equity markets.

BEIJING — The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts said.

oil output increase by one month, three sources from the producer group told Reuters on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market. The OPEC+ group, combining the Organization of the Petroleum Exporting Countries plus Russia and other allies, was scheduled to raise output by 180,000 barrels per day in December. It had already delayed the increase from October because of falling prices. However, weak demand and economic data raised concern in the group about adding more supply, sources told Reuters last week ahead of the decision to postpone the hike made on Sunday after consultations between ministers.