China Financial News
26.10 / 07:17
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Videos
Sai Pallavi's controversial comments about Indian Army goes viral. Check the video
Sai Pallavi has landed herself in a bit of hot water. An old video of the ‘Premam’ actress has resurfaced and has gone viral for the wrong reasons. In the clip, she is seen describing the Indian Army as a “terrorist group” in Pakistan and advocating ant-violence. «People in Pakistan think our army is a terrorist group. But for us, it is them. So, the perspective changes. I don't understand violence.» The video is dated back to 2022.
26.10 / 04:25
markets
UPS
Manufacturing
Election
Trade
President
country
For Mexico’s Sheinbaum, the race is on to harness nearshoring
Mexico to take off as a manufacturing mecca. US-China tensions have opened the door for an export surge. Companies are lining up for power permits in once-barren areas. Bidding wars are breaking out for industrial space. The country, however, is still waiting for a cascade of foreign investment to bolster its economy. Even as Mexico surpassed China to become the top exporter of goods to the US last year, the country’s economic growth is slowing — and the promise of so-called nearshoring has yet to be fully fulfilled. Some of that stems from companies awaiting the outcome of the presidential election to the north and its effect on trade policy. But it also reflects long-running challenges that have held back the Latin American nation from becoming a bigger force, from electricity shortages to political turbulence.
26.10 / 04:25
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European shares end week in the red as earnings disappoint
Mercedes-Benz and Valeo and appliances-maker Electrolux dented investor sentiment. The pan-European STOXX 600 closed flat for the second straight day and logged its first weekly loss in three, with real estate stocks among the worst-hit sectors for the week.
26.10 / 03:43
Booking
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beautiful
Courts
A note on the issue: Unwrapping a gift's meaning
Subscribe to enjoy similar stories. “The bigger the better"seemed to be Rajaraja Chola’s philosophy of gifting. A Tamil merchant he sent as an emissary to the Chinese court in the 11th century presented the rulers with 844kg of pearls, 60 elephant tusks, 38kg of frankincense and a robe and cap embroidered with pearls, going by author and self-trained public historian Anirudh Kanisetti’s tales of the Chola-era seafarers, the subject of his forthcoming book.
26.10 / 01:23
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Digital
Sustainability
country
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peace
Troops of India, China engaged in "relevant work" as per resolutions: Chinese Foreign Ministry
Chinese Foreign Ministry said on Friday. Addressing a press briefing on Friday, Chinese Foreign Ministry spokesperson Lin Jian stated that the work is underway «smoothly». Being asked whether India and China have started pulling back their troops from friction points, Li Jian said, «In accordance with the resolutions that China and India reached recently on issues concerning the border area, the Chinese and Indian frontier troops are engaged in relevant work, which is going smoothly at the moment.»
26.10 / 01:23
markets
Target
Digital
Election
information
reports
Investigations
Chinese hackers targeted phone data of Donald Trump, JD Vance: Report
Donald Trump and Vice Presidential nominee JD Vance as part of their cyber-espionage activity aimed at high-level US targets, CNN reported, citing two sources familiar with the matter. According to one of the sources, the Chinese hackers also targeted senior Biden administration officials. US officials this week informed the former president's campaign that Trump and Vance were among a group of people whose phones were targeted by the Chinese hackers, the report stated.
26.10 / 00:35
UPS
Provident
Strategy
Relationships
India-China border patrolling agreement: It’s too early to shed caution
Subscribe to enjoy similar stories. The agreement between India and China on patrolling arrangements along the Line of Actual Control looks like a breakthrough, strategically announced at the time of the BRICS summit. It not only opens up possibilities for disengagement and de-escalation of hostilities with China, but also for renewed economic cooperation and the space for diplomatic manoeuvring for India, specifically at BRICS, and more broadly with Russia and the US.
26.10 / 00:35
security
Research
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show
country
electronic
International
Centre weighs grand plan for critical mineral show
Subscribe to enjoy similar stories. New Delhi: India is putting in place an ambitious plan to secure access to critical minerals in foreign countries by buying majority stakes in overseas companies, two people aware of the development said.
25.10 / 22:21
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Provident
Tesla
SpaceX
President
reports
Has Donald Trump's key ally Elon Musk favored China after request from Russian President Vladimir Putin?
SpaceX and a key ally of Republican presidential nominee Donald Trump, has been in regular contact with Russian President Vladimir Putin for the last two years, The Wall Street Journal reported. A person familiar with the situation, who spoke on condition of anonymity to discuss the sensitive matter, confirmed to The Associated Press that Musk and Putin have had contact through calls. The person didn't provide additional details about the frequency of the calls, when they occurred or their content. Musk, the world's richest man who also owns Tesla and the social platform X, has emerged as a leading voice on the American right. He's poured millions of dollars into Trump's presidential bid and turned the platform once known as Twitter into a site popular with Trump supporters, as well as conspiracy theorists, extremists and Russian propagandists, as per AP report.
25.10 / 19:33
markets
Digital
Strategy
Food
PAM
reports
Elon Musk has repeatedly spoken to Putin in the last 2 years; this is what they talked about
Elon Musk is all over the headlines for his public endorsement and support towards Donald Trump and the Republican Party for the upcoming US elections in November. However, latest reports from the Wall Street Journal suggest that the Tesla owner has also been in close contact with Russian leader Vladimir Putin for the better part of two years. Their contact has ranged around a variety of topics, including business, personal matters and even geopolitical issues, claims the report. Also Read: Kim Kardashian hasn't cooked food for over 2 years; she orders food from around the country and then wastes it
25.10 / 18:21
markets
BLOCK
Digital
Strategy
Experts
PAM
2020
Patrolling at Depsang to resume by end of month
Patrolling, which had been blocked since April 2020, will resume on the Depsang plateau by the end of this month as the disengagement process with China in Eastern Ladakh will be completed by October 28-29, Army sources said, adding that the process has begun to dismantle temporary structures that had been created after the border flare-up. «Troops from both sides will fall back to positions they held pre April 2020 and will patrol to areas that were patrolled till April 2020. Regular ground commanders meetings will continue to be held,» sources said, explaining that the modalities of patrolling have been identified and a particular strength of patrol parties will be sent by each side.
25.10 / 18:21
markets
COST
UPS
Digital
Volkswagen
Strategy
Mercedes to step up cost cuts after weak Q3 earnings, competition woes in China
Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday. The carmaker cut its full-year profit margin target twice during the third quarter, joining a growing number of European rivals blaming a weakening Chinese car market for falling profits and margins. Union Investment, which according to LSEG is among the 30 top investors in Mercedes, called on the management to amend its strategy as it sees no market for 2 million luxury cars any longer.
25.10 / 18:21
markets
Digital
Strategy
economy
Election
PAM
reports
Chinese leaders to meet during US poll amid stimulus hopes
China's top legislative body will hold a highly anticipated session in Beijing on November 4-8, the week of the US presidential election, as investors watch for any approval of fiscal stimulus to revive the slowing economy. The once-every-two-month gathering of the Standing Committee of National People's Congress will review a State Council report on financial work, along with a slew of draft laws on mineral resources, energy and anti-money laundering, the official Xinhua News Agency reported Friday. The published agenda doesn't specifically mention any plans for fiscal stimulus, although a previous decision to raise budget deficit mid-year in 2023 was disclosed only after lawmakers approved it.
25.10 / 18:21
WhatsApp
Foreign Secretary Vikarm Misri to brief parliamentary panel on Canada on November 6
Vikarm Misri is likely to brief the Shashi Tharoor-led parliamentary panel over the current situation in India-Canada relations and could also brief on recent developments regarding disengagement on LAC between India and China in the next meeting on November 6, sources said. Misri deposed before the parliamentary panel on external affairs on Friday to brief its members belonging from various political parties over the issue of Israel-Palestine conflict. He was accompanied by the senior officials of the External Affairs Ministry.
25.10 / 16:23
Provident
Manufacturing
economy
Football
President
Wildlife
2020
Nevada lithium mine wins final approval despite potential harm to endangered wildflower
For the first time under President Joe Biden, a federal permit for a new lithium mine in the U.S. has been approved
25.10 / 13:51
markets
Analysis
trends
Trade
Experts
reports
International
BPCL Q2 Results: Profit slumps 72% on weak refining margins
quarter on weak refining margins. Revenue from operations increased 1% to Rs 1,17,952 crore. Shares in BPCL fell nearly 5% to Rs 305.95 apiece on Friday when the benchmark BSE Sensex ended 0.8% lower.
25.10 / 12:25
markets
UPS
Analysis
Research
Trade
Experts
JSW Steel Q2 Results: Profit plunges 85% on weaker realisations, one-time loss
JSW Steel, the country’s largest producer of steel, saw its profit plunge 85% on year in the September quarter weighed down by weaker realisations, and a one-time loss. The steel-maker clocked in a consolidated net profit of Rs 404 crore in the Jul-Sep period as against Rs 2,773 crore a year ago. Revenue from operations were down by more than 11% on year at Rs 39,684 crore.
25.10 / 12:03
UPS
CEO
Election
Nov
President
reports
US tariffs
New US tariffs could prompt Signify to move operations out of China, CEO says
Signify is considering moving some of its production out of China if the company is confronted with a new round of U.S. tariffs, its chief executive said on Friday. Signify, the biggest maker of lights globally, is looking at production sites in India, Indonesia and changing existing operations in Mexico, CEO Eric Rondolat said on a call with analysts after the company reported third quarter earnings. Former U.S.
25.10 / 11:39
markets
Target
Reuters
Strategy
Experts
testing
International
Fearing China's hypersonic weapons, US Navy seeks to arm ships with Patriot missiles
hypersonic weapons to sink ships in the Pacific, the U.S. Navy is moving forward with a plan to arm some of its vessels with Patriot interceptor missiles, two senior defence officials said. One industry official said putting the highly agile Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, used primarily in the U.S. by the Army, aboard Navy ships anticipates advances in Chinese missile technology, including the use of highly manoeuvrable hypersonic weapons. Integrating the Lockheed Martin-made missiles with ships' air defences comes amid simmering tension in the Indo-Pacific region as China rapidly modernizes its military, and in the wake of successful missile defense efforts in Ukraine and the Middle East.
25.10 / 08:27
markets
Digital
Progressive
economy
Trade
Experts
PAM
Germany looks to strengthen defence, military ties with India
Olaf Scholz said on Friday he wanted to deepen defence ties with New Delhi and bring the two countries' militaries closer, in comments following a meeting with Indian Prime Minister Narendra Modi. Germany, which has not traditionally had close defence ties with India, is now pitching to join the latter's effort to wean its arms base from decades of dependence on Russia, at a time when the West seeks to counter China's growing influence. «Our overall message is clear, we need more co-operation, not less,» Scholz said.
25.10 / 05:27
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UPS
DOW
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Nikkei
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Asian stocks
Asian stocks are mostly higher, while Japan's Nikkei falls ahead of weekend election
Asian stocks are mostly higher aside from in Japan, where investors are awaiting the outcome of an election on Sunday
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