China Financial News

Cosmopolitan reported that Full Moon is in Aries this time which us actually known for its primal energy and confidence while it pushes every individual to act properly in their life rather than dwelling on fears or uncertainties. Reports claim that during this time it is extremely essential to trust the intuition which serves as a collection of messages from past experiences. Also Read: Kamala Harris' ally sharing resources with China Communist Party? Here's what report reveals

Leaders and top officials from an international group founded to counter Western alliances have met in Pakistan’s capital, with Moscow and Beijing announcing they will boost cooperation

The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges but there’ll also be an excess of planet-warming fossil fuels, a report released Wednesday by the International Energy Agen...

Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene

Subscribe to enjoy similar stories. Louis Vuitton’s owner seems surprised at how quickly Chinese consumers have closed their wallets and abandoned its brands. It has no obvious place to turn to next for growth.

According to the Bank of America's October Global Fund Manager survey, nearly half (47%) of investors had pointed to EM equities as the biggest winner from Beijing's stimulus announcement, followed by commodities (41%). Meanwhile, government bonds (41%) and Japanese equities (33%) are seen as the biggest losers on the back of the plans, according to the survey.  Chinese equities surge on the back of biggest stimulus package in years The People's Bank of China unveiled a set of monetary stimulus measures in late September designed to inject confidence in the country's struggling eco...

Subscribe to enjoy similar stories. The stimulus unleashed by the People’s Bank of China (PBoC) last month was a tough act to follow. When it was the turn of the finance ministry to describe its role in boosting China’s subpar expansion, investors fretted about the absence of fireworks and demanded something more.

«If you look at OPEC and their announcements in terms of usage, they continue to revise the fact that consumption is actually going down over time. And we do hear that coming from them,» says Jonathan Barratt, CIO, Probis Securities. I think that we have seen this volatile move in crude oil prices ever since we saw Iran launching that ballistic missile against Israel. We saw that spike in crude oil prices. And ever since then, we have been monitoring the movement quite closely. How are you looking at all of these developments and where it is likely to take crude oil prices from here on? Jonathan Barratt: Look, obviously a lot of volatility, crude prices under a lot of pressure. I guess there is a sense of relief that we get that Israel has decided, based on what the US has maybe just told Israel, that they would not attack any of Iran's oil facilities and we get a sense of relief that. And part of that geopolitical risk has sort of come off. But we have also got other influences there in oil prices, which are making it come down at the moment and that is also, of course, China and some of the weak data we are getting out of there. So, there are some major things at the moment and at the moment, they are causing the price of oil to come lower.

Subscribe to enjoy similar stories. Alibaba and search-engine giant Baidu are investing in a nearly $700 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving. Horizon Robotics, which is planning to raise as much as 5.41 billion Hong Kong dollars through an initial public offering, equivalent to $696.6 million, will begin taking orders from institutional investors starting Wednesday, it said in a filing.

Subscribe to enjoy similar stories. I am going to get hammered for this. But then, I don’t care.

mutual funds have topped the return chart and offered an average return of around 6.01% in the last one month. Around 65 international funds or global funds have completed one month of existence in the market. Among these 65 funds, nine offered double-digit returns. The top three funds were from the Chinese economy. Mirae Asset Hang Seng TECH ETF FoF gave the highest return of around 48.86% in the last one month, followed by Edelweiss Gr China Equity Off-Shore Fund which gave 23.61% return in the same time period. Axis Greater China Equity FoF gave 21.74% return in the last one month.

fleet of drones breached restricted military airspace for 17 straight days last December.A new report, first detailed by the Wall Street Journal, says military personnel reported witnessing the mysterious fleet over a stretch of land at Langley Air Force Base along Virginia’s shore. The drones would appear in the sky about 45 minutes to an hour after sunset each night.Former air force general Mark Kelly was first made aware of the drone sightings in December 2023, the outlet reports.

electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a report released Wednesday by the International Energy Agency. In recent years, China has accounted for most of the growth in oil demand and planet-heating emissions, but electric vehicles now make up 40% of new sales of cars there, and 20% of sales globally, putting major oil and gas producers «in a bind.» The IEA World Energy Outlook 2024 outlines a future where EV adoption continues to gain momentum, potentially displacing up to 6 million barrels per day of oil demand by 2030. The agency said based on current trends and policies and the availability of materials, EV will reach 50% of global car sales in 2030. China already accounts for half the world's electric cars on the road. By 2030, it's projected that 70% of new car sales in China will be electric. With its massive additions of new wind and solar power, China is aligned with its target for addressing climate change, seeing emissions peak and begin to decline by the end of the decade.

Pakistan and China reaffirmed their «unwavering commitment» to combating terrorism in all its forms, embracing a zero-tolerance policy during the Shanghai Cooperation Organisation (SCO) Summit, according to a report by Geo News. The two nations also expressed readiness to collaborate with the international community to bolster multilateral counter-terrorism cooperation within established organisations such as the United Nations and the SCO. During the summit, Pakistan strongly condemned recent terrorist attacks targeting Chinese personnel in Pakistan, including the March 26, 2024 attack on the Dasu Hydropower Project and the October 6, 2024 attack on the Port Qasim Power Plant convoy. It pledged to uncover the truth behind these incidents and bringing the perpetrators to justice.

BEIJING — Chinese e-commerce giant Alibaba's international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products offered by Google, DeepL and ChatGPT.

Elisabeth Finch, the former Grey’s Anatomy writer who had fabricated significant portions of her medical history and personal history is being investigated in the recent docuseries Anatomy of Lies which is premiering on Peacock, reported People. Elisabeth Finch, who was actually celebrated primarily for her powerful essay about surviving chondrosarcoma which is a rare bone cancer, was allegedly using her fake experiences to secure a role on the show while influencing its storylines. According to People, Elisabeth Finch’s web of lies and deceit came to light in the year 2022 when her estranged wife, Jennifer Beyer confronted her with regard to inconsistencies present in her claim which included false narratives about her kidney transplant and her presence during the infamous Tree of Life Synagogue shooting. Also Read: Like Japan, will China risk losing its own decade? CEO of alcohol giant warns

Donald Trump has refused to say whether he's spoken with Russian President Vladimir Putin since leaving office, as reported in journalist Bob Woodward's latest book. But if the two did speak, Trump said, it would be “a smart thing” for the United States. Trump, the Republican presidential nominee, was pressed on his communication with the Russian president during a wide-ranging — and sometimes contentious — interview with Bloomberg editor-in-chief John Micklethwait at the Economic Club of Chicago. Woodward reports in his book “War” that Trump has had as many as seven private phone calls with Putin since leaving the White House and secretly sent the Russian president COVID-19 test machines during the height of the pandemic. A Trump campaign spokesperson previously denied the report. During Tuesday's interview, Micklethwait posed the question to Trump directly: «Can you say yes or no whether you have talked to Vladimir Putin since you stopped being president?

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

World shares are mixed, with Hong Kong's benchmark down more than 3%, after Wall Street rolled to more records

Subscribe to enjoy similar stories. Reliance Industries Ltd’s (RIL's) shares hit an all-time high of ₹3,217.6 on 8 July but have fallen almost 16% since then. One problem has been weakness in the oil-to-chemicals (O2C) business, where Ebitda fell 19% year-on-year in the first half of FY25 and 24% year-on-year in the September quarter.