China Financial News

Asian stocks have surged, with Japan’s Nikkei 225 index leading gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates

Subscribe to enjoy similar stories. Agrochemical companies have had a rough time over the past year or so. But tough times don't last, and the corporate and analyst commentary has adopted a more optimistic tone of late, hinting at early signs of recovery.

China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, confounding market expectations that were primed for a move after the Federal Reserve delivered an outsized interest rate cut earlier this week. However, market watchers widely believe further stimulus will be rolled out to prop up an ailing economy, as the Fed's easing offers Beijing leeway to loosen monetary policy without unduly hurting the yuan. The one-year loan prime rate (LPR) was kept at 3.35%, while the five-year LPR was unchanged at 3.85%.

Apple Inc. is facing an unprecedented challenge: persuading customers to buy its latest iPhones without their biggest new feature. On Friday, Apple is launching the iPhone 16 lineup in almost 60 countries, including the US, China, India, Australia and South Korea. But the device won’t come installed with Apple Intelligence — the much-anticipated AI software that the company has been touting since June. That means users will have to download the software features over time as they become available during the coming weeks and months. That’s put Apple in a tricky spot. It’s already marketing the AI features heavily, but some consumers may hold off on buying the new phones if they can’t enjoy the benefits right away. The new iPhone hardware, meanwhile, has only modest upgrades from prior models. A touch-sensitive Camera Control button that makes it easier to take pictures and video is the most notable change.

«While the US Fed policy is out, investors will look for the other three central banks' outcomes, namely BOJ, BOE, and China. Overall we expect the market to stay in a range with positive bias,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Sharp is actively scouting for an Indian partner to set up a display fab under the India Semiconductor Mission's (ISM) scheme for display fabrication facilities, people aware of the developments told ET. Sharp is in talks with several Indian players and top executives from its display vertical have met with potential partners, one of the sources said. «They have received a positive response from some and are in advanced stages of discussion and should announce their partner by the end of the year,» the person said. «Sharp has engaged in setting up display fabs for partners in other countries like China, Korea and Taiwan. In India, too, they are looking at a similar strategy wherein they are looking to partner with a strong Indian player who will take the lead on the project and they will provide their technical expertise,» the person said.

logistics cost will come down to single-digit within the next five years as the country builds a network of world-class highways and expressways, road transport and highways minister Nitin Gadkari said on Thursday. Addressing the 'Deloitte Government Summit', Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost. «I am confident that within five years our logistics cost will be in single-digit,» he said. The reduction in logistics costs is crucial to enhance India's economic efficiency and global competitiveness.

Tamenglong district in multitudes next month, the district authority has rolled up sleeves to protect the raptors during their roosting stint with putting a slew of curbs, including a temporary ban on using air guns. District Magistrate (DM) of the Zeliangrong-Naga dominated district, L Angshim Dangshawa, in his order issued yesterday, asked the people to deposit the weapons to their respective village authorities’ offices. Dangshawa also banned hunting, catching, killing and selling of the falcons, whose size is a little bit smaller than pigeon, with immediate effect.

US Federal Reserve's half-a-point interest rate cut on Wednesday — the first cut in four years — in their stride on expectations that 'Fedhead' Jerome Powell is front-loading the downcycle. This is the less scary scenario over the US tipping into a recession, and investors seem quite comfortable with it. But the rate action may not have played through yet.

HEFEI, China — There's yet another Chinese electric car aiming to undercut Tesla, with a steeper discount.

John Chambers, who heads the India US Strategic Partnership Forum and is Chairman Emeritus of CISCO is highly optimistic about the future of the Indian economy, the current share market situation and the growth of innovation in the country. In an interview with ET, Chambers discusses the upcoming US elections, PM Modi’s third term and prospects of Indian and US companies working together in the coming years.

Indian investments and commodities in the Chinese market and also hopes that India will provide a «sound business environment» for Chinese firms in the country, Beijing's ambassador to India, Xu Feihong, said on Thursday. The comments signal a willingness from Beijing to forge deeper economic ties with New Delhi that have been strained since a deadly clash between their troops on a Himalayan frontier in 2020. India heightened scrutiny on Chinese investments after the clash and created new layers of red tape for Indian firms with Chinese stakeholders. But the Indian government is now looking to loosen some of these restrictions as its firms struggle to scale up manufacturing.

Taiwan says China’s ban on imports of its fruit, vegetables, seafood and other goods violate trade rules, in the latest ratcheting up of tensions between the self-governing island republic and its massive neighbor, which has vowed to annex Taiwan by force

Subscribe to enjoy similar stories. Olden days onwards, all the way into this Age of AI, symmetry has held us under an aesthetic spell. It’s mostly about beauty, what poets call truth, but it is also a concept in math.

Subscribe to enjoy similar stories. China’s Communist Party has an Astroturf problem. For a decade, the party has worked to revive grassroots networks that withered during the me-first, get-rich-quick years of the 1990s and 2000s.

Brokerage firms Morgan Stanley and BofA have initiated coverage on Brainbees Solutions with an overweight and buy rating respectively. Emkay Global has upgraded Tata Motors to a ‘buy’ from ‘add’ while Citi has maintained a buy rating on Exide while cutting the target price of the stock. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

China has announced sanctions on American companies selling arms to the self-ruled island of Taiwan, which Beijing claims as its own territory and threatens to annex by force

Chinese economy has the capacity to bring about long-drawn troubles for the entire world, looking at the amount of exports the nation carries for major countries across the globe. With big recession fears driving the Chinese economy at this point Bridgewater Associates founder Ray Dalio has broadly claimed that things in the country could be on the verge of an economic slowdown, something that has already happened during the pandemic period, and could happen yet again.

US Federal Reserve's interest rate decision today, Asian equities were mixed overnight on light volumes and a declining US dollar. For the Mid-Autumn Festival in Hong Kong and Chuseok, or Thanksgiving Day, in South Korea, there were closures. Banks, energy, insurance, and electric car companies led the stronger mainland mega capitalization equities. While BYD finished higher by +1.35%, CATL gained +1.58%. The consumer purchase subsidies gained by home appliance companies Midea, Haier, and Gree were +2.74%, +3.28%, and +3.26%, respectively. Based on above-average volumes, the National Team appeared active in their large and mega-cap equity ETFs, which contributed to the weakness of mid-and small-cap stocks. Also Read :Daylight saving time 2024: Date, rules, when is it ending?

China has reduced the rate of iPhone 16, a new series from Apple before its official release because the consumers in the largest smartphone market of the world was eagerly waiting for the Apple's first on-device artificial intelligence software.