China Financial News

Wall Street on Wednesday witnessed range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the most recent meeting of the Federal Reserve, which cemented expectations for a September rate cut.

The war, largely a grinding artillery and drone battle across the fields, forests and villages of eastern Ukraine, escalated on Aug. 6 when Ukraine sent thousands of soldiers over the border into Russia's western Kursk region. For months, Ukraine has also fought an increasingly damaging drone war against the refineries and airfields of Russia, the world's second largest oil exporter, though major drone attacks on the Moscow region — with a population of over 21 million — have been rarer.

inter-ministerial panel has cleared five-six investment proposals in the electronics manufacturing sector, which include some pure-play Chinese companies and others with connections to the neighbouring country, people familiar with the matter said. The development is significant as these are among the first such approvals in recent times given border tensions and the scrutiny that investments from China have been attracting in India. Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake. Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there.

state machinery but also among many within civil society. 'Police', in the context of protests, has a similar effect, with notions of 'needful' acts of aggression jostling with those of 'needless' rampage.

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

The leaders of India and Malaysia say they will seek to expand economic ties and strengthen cooperation on defense and security

Online fast-fashion giant Shein is suing its competitor Temu once again, accusing the China-founded shopping platform of stealing its designs, product images and engaging in other types of fraud

Approvals for new coal-fired power plants have dropped sharply in China after a flurry of permits in the previous two years raised concern about the government’s commitment to limiting climate change

Brookfield Asset Management Inc. is asking banks to line up about €9.5 billion (US$10.6 billion) of debt for its potential take-private deal for Spanish pharmaceutical producer Grifols SA, according to people with knowledge of the matter.

BP’s chief economist Spencer Dale has said. “Most of the consensus for next year is that oil demand will continue to grow. But many also point to strong growth in non-OPEC supply, with many of those scenarios suggesting the growth in non-OPEC supply will largely meet the growth in overall demand,” said Dale. “And that means the scope for OPEC to bring back production is likely to be relatively limited.” OPEC+, a grouping of nearly two dozen countries led by Saudi Arabia and Russia, has kept its production artificially low, keeping a record 5.8 million barrels per day of supply off the market. It plans to return these supplies to the market, starting October.

capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday. However, silver prices declined Rs 150 to Rs 87,000 per kilogram against Rs 87,150 per kg in the previous close.

MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing cash. Of course, the overhangs on the pricing part continue to be there, the possibility or not possibility of some interventions. Pure EV play may take some more time and the hybrid may be more common in the near future to come and that augurs well for the OMCs. How do you see the outlook for oil marketing companies? On the one hand, Brent is continuously under check, under $80 now and on the other hand, these OMCs are transforming beyond just being distributors of traditional fuel as well. MK Surana: The stage looks good as of today because the crude is below the psychological mark of $80. The global demand weakness as per many of the agencies who forecast is getting moderated from all the three agencies who have been doing IEA, EIA, or OPEC. The Indian demand is good on the overall while the global demand is lower. People have started recognising the weaknesses in China's demand growing in the current phase.

China is seriously concerned about a report that said the United Stated approved a nuclear strategic plan to focus on China's rapid expansion in its nuclear arsenal, the Chinese foreign ministry said on Wednesday. «The U.S. is peddling the China nuclear threat narrative, finding excuses to seek strategic advantage,» a Chinese foreign ministry spokesperson said. According to a report by the New York Times, U.S. President Joe Biden approved in March a highly classified nuclear strategic plan that focused on China's quickly growing arsenal, but also seeks to prepare the U.S for possible coordinated nuclear challenges from China, Russia and North Korea.

SINGAPORE—China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba Group and Tencent leading the charge. Since 2023, investors—including the country’s biggest tech companies—have valued at least six China-based startups developing large language models at more than $1 billion each.

TOKYO : Japan’s balance of trade fell back into the red in July, with the yen’s recent appreciation dimming the outlook for the nation’s exports. Japan posted a trade deficit of 621.8 billion yen for July, equivalent to $4.28 billion. That followed a 224 billion yen surplus in June, Ministry of Finance data showed Wednesday, and compared with the 359.1 billion yen deficit expected by economists polled by data provider Quick.

BEIJING — China's latest export controls has rattled insiders of the critical minerals industry, and some are concerned that Beijing will leverage its global supply chain dominance in unprecedented ways.

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okada, and boda boda. They are transforming mobility in Africa. Behind the rise is a story of supply and demand.

Azerbaijan has formally applied to join the BRICS group of developing economies, a day after Russian leader Vladimir Putin’s visit to the oil-rich South Caucasus country to shore up regional ties and secure Moscow’s under-pressure trade routes

Kenya’s new finance minister says some of the proposed taxes that led to weeks of deadly protests earlier this year will be reintroduced through a tax amendment bill as the country struggles to find revenue to pay off debts

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