China Financial News

Indian rupee closed weaker on Thursday as importer and interbank dollar bids outweighed cues from a rise in most Asian currencies, ahead of closely watched remarks from Federal Reserve Chair Jerome Powell. The rupee closed at 83.6425 against the U.S. dollar, down from its close at 83.5925 in the previous session.

World shares have surged following reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks and provide other fiscal support for the economy

BEIJING — China aims to stop the property slump, top leaders said Thursday in a readout of a high-level meeting published by state media.

Subscribe to enjoy similar stories. Two decades of climate policy have delivered shockingly little impact—a negligible reduction in global emissions. A new study paints a bleaker picture: only 4% of policies—63 out of 1,500—made any substantial difference.

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...

Subscribe to enjoy similar stories. China’s over $100 billion push to bolster its stock markets has stirred optimism, but begs the question of whether investors and businesses will take the bait amid lingering doubts about the economy’s underlying weakness.

A Hong Kong court is set to sentence two former Stand News editors in a landmark sedition case that is widely seen as an indicator of media freedom in a city once known as a beacon of press freedom in Asia

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55 a barrel, while U.S. West Texas Intermediate crude rose 4 cents, or 0.06%, to $69.73 per barrel as of 0058 GMT.

The three main indexes were positioned for monthly gains after the Federal Reserve's rate cut on Sept. 18 bolstered hopes for a soft landing. However, a weak consumer sentiment report on Tuesday raised concerns about the health of the labor market.

Russia-Ukraine conflict, the Russian Foreign Minister Sergey Lavrov met with his Chinese counterpart Wang Yi on the sidelines of the 79th United Nations General Assembly on Wednesday and discussed the ongoing Ukraine conflict. During their discussion, both leaders reiterated the sanctions imposed by the Western countries' violated UN Security Council resolutions and undermined global economic stability. «Sergey Lavrov and Wang Yi mentioned that Western countries' illegitimate sanctions imposed in circumvention of UN Security Council resolutions are unacceptable as they undermine the stability of the global economy and universal forms of trade and economic cooperation,» the Russian Ministry of Foreign Affairs said in a statement.

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...

A zoo in Finland has agreed with Chinese authorities to return two loaned giant pandas to China eight years ahead of schedule because they have become too expensive for the facility to maintain amid declining visitors

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

Cambodia has broken ground to build a $1.7 billion, China-funded canal to eventually link its capital Phnom Penh to the Gulf of Thailand

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

U.S. stocks edged back from their records as financial markets around the world take a pause following big recent moves

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Chinese economy is already on the brink of a major crisis, with major recession fears building up towards the end of the year. Moreover, it was real estate till now, that was a major recession indicator, with housing or property loan drastically dropping down from the bank's assets, but this time the nation's baking sector is also in a big fix, and needs a resolve at the earliest or else there is no saying how badly it could impact the country's economy.

According to Associated Press, a three judge panel of 11th US Circuit Court of Appeals found some legal errors in Julie Chrisley’s sentence and sent her case to a lower court for resentencing. Following which, Julie Chrisley has been resentenced to a facility in Lexington which is in Kentucky until the year of 2032. Also Read: After real estate, another big crisis is looming in the Chinese economy — banking sector

China's elite has disappeared after criticizing Xi Jinping. The Wall Street Journal reports that Zhu Hengpeng disappeared after criticizing Xi Jinping. Zhu is thought to have questioned the Chinese economy and Xi's leadership in a secret WeChat group. Zhu's last known public appearance occurred in late April, according to the website. A renowned economist has joined the expanding list of Chinese elite who have disappeared from public life after criticizing President Xi Jinping. Zhu Hengpeng was the deputy director of the Institute of Economics of the Chinese Academy of Social Sciences (CASS) for over a decade.

King Charles leads a lavish life full of luxury and indulgence. He was labeled as a pampered prince, which is a rumor before he conquered the throne. Now his life has changed totally based on food habits.