China Financial News

BEIJING — China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said.

Bitcoin, Solana, and Cardano leading the rise. The global cryptocurrency market cap edged up by 0.45% to $2.24 trillion over the last 24 hours. As of 12:27 PM IST, Bitcoin was trading 0.4% higher at Rs 63,824, while Ethereum dipped 0.9% to Rs 2,624. Earlier today, Bitcoin briefly touched Rs 64,800.

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy

Stocks in Asia are mostly higher, boosted by moves by China to rev up its economy

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Northvolt AB was supposed to power Europe’s response to the likes of Tesla Inc. and China’s fast-growing electric vehicle makers. Instead, the Swedish battery company is fighting to stay afloat. As it faces a crushing liquidity crunch, the company’s creditors will meet Friday to decide on freeing up funds critical to its survival. On Thursday, Harald Mix, Northvolt’s founder and owner of a 7.2% stake, said he plans to provide new capital to the company, pointing to the “important role” it plays in European competitiveness. Burning cash as it struggles to deliver the batteries it promised customers, Northvolt this week said it’s shedding a fifth of its global staff and suspending the expansion of its main factory in northern Sweden. With Europe’s battery boom turning to bust, more pain may be in the offing.

dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. Data on Thursday suggested the U.S. labour market remained fairly healthy, while other reports showed corporate profits increased at a more robust pace than initially thought in the second quarter, highlighting an upbeat economic outlook.

«There is some softening globally, but India is performing very well on the macros. The balance sheets are very clean for corporates. Banks have the ability to lend,» says Ajay Bagga, Market Expert. What do you make of the momentum of the market, there is no stopping it at all? Ajay Bagga: Yes, flows are very strong and we see that domestic flows are absorbing. Even the little FII selling that is still coming through, we are seeing that absorption happening.

Subscribe to enjoy similar stories. Mumbai: China's Tencent Holdings Ltd is set to sell its stake in Dream11 parent Sporta Technologies Ltd, two people familiar with the development said, as the gaming unicorn moves to comply with regulations on Chinese investments. Singapore-based Tiga Investment Pte Ltd will acquire Tencent's shares for over $150 million, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. MUMBAI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. A large number of traders lost their money in India’s futures & options (F&O) market, showed an analysis by the Securities and Exchange Board of India (Sebi).

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

China is redoubling its first-aid for the economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People's Republic

manufacturing hub is fuelling warehousing demand from manufacturing-related sectors with multinationals setting up factories in the country. Demand from these sectors climbed to 25% of total domestic warehousing demand in the first half of calendar 2024 from 15% in 2019 led by factors like adoption of the China plus one strategy by multinationals and supportive Indian government policies such as the production linked incentive (PLI) scheme, which currently covers 14 sectors. During H1 2024, total leasing of warehousing space from manufacturing-related sectors reached 4.1 million sq ft, according to CBRE South Asia, a real estate consulting firm.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

mountaineers naming a previously unnamed peak in Arunachal Pradesh after the 6th Dalai Lama, reiterating its territorial claims over the area. A team from the National Institute of Mountaineering and Adventure Sports (NIMAS) scaled an unnamed and unclimbed 20,942 ft high peak in Arunachal Pradesh and decided to name the summit after the 6th Dalai Lama Tsangyang Gyatso, who was born in 1682 in the region of Mon Tawang. NIMAS, located at Dirang in Arunachal Pradesh, functions under the Ministry of Defence.

Samsung's plant in Tamil Nadu is an isolated incident that can be resolved by intervention of the state government. GoI is ready to chip in to find a meeting ground between management and striking workers. MNCs that have manufacturing bases in India typically have cordial industrial relations with employees. This is partly due to the higher pay they offer, and employee benefits benchmarked to their international corporate strategy. Admittedly, attractiveness of local production is enhanced by wage cost arbitrage. But Indian workers have recourse to statutory protections. Occasional confrontations can be swiftly resolved through a combination of HR strategies and legal remedies.

Subscribe to enjoy similar stories. WASHINGTON : China’s newest nuclear-powered attack submarine sank in the spring, a major setback for one of the country’s priority weapons programs, U.S. officials said.

Pakistan's military said on Thursday that the country has signed a contract to sell JF-17 Block III fighter jets to Azerbaijan. The aircraft is co-produced by the Pakistan Aeronautical Complex and developed jointly with China, with whom Islamabad has grown increasingly close as ties with traditional military ally the United States have weakened over the last few years. The military did not provide the cost or quantity of jets agreed to, but said in a statement that the sale was part of Islamabad's efforts to enhance defence cooperation with friendly countries and bolster the air power capabilities of Azerbaijan.

Redmi Note 14 series starts competitively, with the base model, the Redmi Note 14 Pro, priced at CNY 1,399 (approximately $199) for the 8GB RAM and 128GB storage configuration. The 256GB variant of the same model is available for CNY 1,499 (around $213).

Set to report to David Parsons, head of the fixed income specialist team, Sullivan-Bissett joins M&G from Amundi, where he served as an investment specialist within the firm's global fixed income team, covering a plethora of credit strategies.  Prior to his nine months at Amundi, Sullivan-Bissett spent almost a decade at Insight Investment, first as a client service specialist and then as an investment specialist.  M&G unveils China-focused equity fund M&G's new hire will support investment and distribution teams across the UK and international landscape as the lead investment spec...

United Nations General Assembly, Kyiv said Thursday. Chinese Foreign Minister Wang Yi, who had earlier met Russia's top diplomat, told a Security Council session this week that diplomacy was the only solution to the war in Ukraine. Wang met Ukrainian counterpart Andriy Sybiga and the head of President Volodymyr Zelensky's office, Andriy Yermak, the Ukrainian foreign ministry said.