China Financial News

29.08 / 07:38

UPS Citi FIVE Research show reports India minting 1 billionaire every 5 days, total count crosses triple century

billionaire every five days in the last one year and took the total count of US dollar billionaires to cross the triple-century mark for the first time. The 2024 Hurun India Rich List shows that India now has 334 billionaires by adding 75 compared to the last year.

29.08 / 07:36

Citi WhatsApp Research country Mumbai surpasses Beijing to become the billionaire capital of Asia

Mumbai has become the 'billionaire capital' of Asia as it now comprises of more billionaire individuals than China's cpital city of Beijing, according to the Hurun India rich list 2024. «Home to 25% of the list – Mumbai is not only the billionaire capital of Asia, overtaking Beijing but also the preferred city for Hurun India Rich Listers, followed by New Delhi and Hyderabad,» the Hurun list data stated. Beyond this, Mumbai also registered a net increase of 58 billionaire individuals, adding to its growth momentum, the Hurun data revealed. This was followed by New Delhi, which added 18 new billionaires.

29.08 / 07:29

UPS Extreme Qualcomm performer strain Features Realme 13 Pro Extreme Edition launched with Snapdragon 7s Gen 2, 45W charging: Check price, features

Realme 13 Pro Extreme Edition in China, expanding its 13 Pro series lineup. This latest model features Qualcomm’s Snapdragon 7s Gen 2 chipset and comes with a substantial 12GB of RAM. It also boasts a 5,200mAh battery with 45W wired fast charging, ensuring robust performance and quick recharges.

29.08 / 06:55

markets BLOCK Opinion Experts reports recommendations PB Fintech shares jump over 3% after Rs 1,610 crore block deal

PB Fintech, the parent company of Policybazaar, on Thursday, jumped 3.5% on BSE to its day’s high of Rs 1,796.55 after the company witnessed a likely stake sale of 2.1% equity at an estimated price of Rs 1,610 crore via a block deal. Reportedly, the seller in the transaction is Chinese multinational technology conglomerate Tencent. However, the official parties to the transaction are not currently known yet.

29.08 / 04:37

markets security Tesla NVIDIA President reports Features China's electric car race is becoming more about chip prowess as companies focus on tech

BEIJING — Chinese electric car companies that are already engaged in an intense price war are turning up the heat on another front: Chip-powered tech features such as the driver-assist function.

29.08 / 04:36

Citi security wellness Freedom 2020 reports Courts Hong Kong court will deliver verdict Thursday for 2 journalists accused of sedition

A Hong Kong court will deliver its verdict in a sedition case against two former editors of a shuttered news outlet on Thursday

29.08 / 04:31

MET security economy President travelers International Biden and Xi to speak after rare U.S. security adviser trip to China

BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in «coming weeks,» the White House said Wednesday.

29.08 / 02:04

markets UPS Reuters Fighting show country Oil steady as smaller-than-expected US stock draw counters Libya supply disruption

Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or 0.1%, to $74.60.

29.08 / 01:27

Provident Target economy Research stage Department International India puts space station on priority eyeing geopolitical gains

New Delhi: The Bharatiya Antariksha Station (BAS), India’s own space station currently at its final approval and engineering stages, is now a top priority for the Department of Space (DoS), according to two senior officials. With a launch date of 2028 and operational target of 2035 set by the government, the space station can give India global leverage as the International Space Station seems set to be decommissioned by the end of 2030.

29.08 / 00:42

UPS BLOCK Aviat Trade reports International Stocks in news: RIL, IndiGo, PB Fintech, Vedanta, Tata Steel

Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday. In today's trade, shares of RIL, IndiGo, PB Fintech, Vedanta, Tata Steel among others will be in focus due to various news developments. IndiGo Rakesh Gangwal, co-founder of InterGlobe Aviation, is looking to sell up to $804 million in the company through a block deal, according to reports.

28.08 / 22:18

Citi BAY Food Nestle DISH show stars Pancakes, meet pandan. Asian American restaurants add their own spin to the weekend brunch

While “Asian brunch” may initially evoke images of traditional meals like Chinese dim sum, it’s become shorthand now for restaurants that offer Asian takes on American brunch

28.08 / 21:02

Action Fulton Olympics Features hockey HI announces 18-member India men's hockey squad for Asian Champions Trophy

Hockey India named an 18-member Indian men's hockey team for the prestigious Asian Champions Trophy scheduled to begin in Hulunbuir, Inner Mongolia in China from September 8 to September 17. The tournament will see Asia's top hockey-playing nations India, Korea, Malaysia, Pakistan, Japan and hosts China vie for honours. The defending Champions India will be led by ace drag-flicker Harmanpreet Singh and will be supported by experienced midfielder Vivek Sagar Prasad as the vice-captain.

28.08 / 14:44

COST Citi Provident Digital reports Schools diving HSBC China Rolls Out e-CNY Services for Corporates, Signalling Foreign Banks’ Dive into Digital Yuan

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

28.08 / 13:12

UPS Citi Manufacturing Apple country reports Operational expansion to 'Foxconn City': A look at Foxconn's India announcements

has offered about 2,000 acres of land to Taiwanese contract manufacturer Foxconn to set up a 'Foxconn City', similar to its facilities in its home country and China. Karnataka and Tamil Nadu are also aggressively courting the company to set up the industrial township. As India's place gets cemented into Foxconn's future plans, here's a look at major expansion announcements made by the company recently: Total investment: Foxconn has invested $1.4 billion in India till date. Chairman Young Liu, a Padma Bhushan awardee, said India is an integral partner for the company and its business here has grown to over $10 billion till 2024.

28.08 / 11:39

Target Man Citizens Platform Trade social Investigations Malaysian Police Bust Crypto Investment Fraud Call Center Targeting Japanese Citizens

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

28.08 / 10:26

markets security economy Enterprise Trade country rights China accuses Canada of protectionism over 100% tariffs on electric vehicles

China says said the tariffs would disrupt global industrial and supply chains.

28.08 / 10:20

UPS Progressive Racing Research reports Department U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up

BEIJING — U.S. government researchers recently visited a South Korean mine to assess progress towards boosting supply of a critical metal called tungsten from areas outside China, the mine operator said Wednesday.

28.08 / 08:49

FIVE Waters economy Sustainability abrdn calls time on Sterling Bond and China A Share Equity funds

Both funds closed on 8 August, and had become too small to be commercially viable, the firm told shareholders in two respective letters. Regarding the China A Share Equity fund, abrdn said the vehicle had experienced outflows and a «gradual decline» in its net asset value down to around £8.2m as of 29 February. This had fallen further to £5.7m as at 31 July, according to the fund's factsheet. Fidelity closes UK-domiciled Sustainable Water & Waste fund after less than five years «Small funds face a number of operating difficulties as they are unable to benefit from economies of ...

28.08 / 04:43

markets NVIDIA Research Nikkei Trade reports Asian benchmarks mostly decline as markets await Nvidia earnings

Asian shares are trading mostly lower, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia

28.08 / 04:40

markets Manufacturing Tesla wellness performer reports Features To address performance issues, Tata Motors to buy EV batteries from Chinese co: Report

Tata Motors will procure battery packs for its electric vehicles from a Chinese manufacturer, Live Mint has claimed citing sources. As per the business daily, Tata Motors will source batteries from Octillion Power Systems in China to address performance issues as well as to diversify its supply and technolgy base. The Indian car maker currently sources the batteries from Tata AutoComp systems. The leading electric car maker currently sells a range of EVs in India including the EV versions of Tiago, Tigor, Punch, Nexon, and the newly launched Curvv.ev. The car maker is expected to launch the EV version of Harrier as well.

28.08 / 04:33

Citi Target security Apple Freedom 2020 reports What's at stake as 2 Hong Kong journalists await a verdict in their sedition trial?

Two journalists who led a now-shuttered Hong Kong online news outlet will hear a verdict in their sedition case on Thursday, in a trial that’s seen as an indicator for press freedom in the semi-autonomous Chinese city

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