China Financial News

global equity markets saw a relief rally following the Bank of Japan's assurance that it will not increase interest rates when the markets are unstable. NSE's Nifty rose 304.95 points, or 1.27%, to close at 24,297, whereas BSE's Sensex rose 874.94 points, or 1.11%, to end at 79,468.

Paris Olympics 2024 has just a few days left now, and will close with a grand closing ceremony scheduled for August 11. Meanwhile, there is some intense sporting action remaining on August 8, which is the 13th day of the Paris Olympics 2024.

₹52,300 per tonne in July, the lowest since December 2020, according to data from market research and consulting firm BigMint. The prices continue to fall and are trading at around ₹51,000 per tonne currently, the analysts said. “A significant slowdown in China's economy has led to a correction in global steel prices, with Chinese export prices hitting a four-year low," according to Dhruv Goel, the chief executive of BigMint.

Mint explores the potential impact of regional instability on not just India’s trade but also internal security. Let’s begin with the political crisis and civil unrest in Bangladesh, with which India shares a 4,096 km border, its longest with any of its neighbours. Although Bangladesh has announced an interim government headed by Nobel Laureate Muhammad Yunus, the riots haven’t abated.

military drills near a territory in the South China Sea near Philippines. The Southern Theatre Command of China's Peoples Army said on Wednesday that it had carried out air and sea combat patrols near Scarborough Shoal to test «strike capabilities», Al Jazeera reported. The exercises came on the same day that the United States, Australia, Canada and the Philippines conducted military manoeuvres within Manila's exclusive economic zone (EEZ), which includes the West Philippine Sea.

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

India has been significantly increasing its renewable energy capacity in recent years, but when demand for electricity surges, it still goes back to its most trusted source of power

Stocks that traded heavily or had substantial price changes on Tuesday: CSX, Caterpillar rise; ZoomInfo, Teradata fall

Japanese automaker Nissan says it has developed a «cool paint” that can keep people inside cars cooler

India have plunged to the lowest level in more than three years due to higher imports and subdued exports, according to data from commodities consultancy BigMint. Local prices of hot rolled coils used in the manufacturing sector averaged 52,267 rupees ($622.62) per tonne in July, it said. India, the world's second-biggest crude steel producer, turned a net importer in the fiscal year ended March 31, 2024. The trend continued with finished steel imports scaling a five-year high in April-May, according to provisional government data.

China has reported its exports rose 7% in July from a year earlier, below economists' forecasts for growth closer to 10%

Honda has reported an 8.7% increase in its fiscal first quarter profit as strong sales of hybrid vehicles in Japan and the U.S., and motorcycles in India and Brazil, boosted the Japanese automaker’s earnings

Tesla is recalling more than 1.6 million cars in China for a remote software upgrade to ensure that they warn the driver when the trunk is not locked shut

Authorities in Nepal all five people on board a helicopter were killed when it crashed in the mountains just north of the capital

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

online portal to fast-track visas for Production Linked Incentive (PLI) schemes has been kick-started by the Ministry of Home Affairs, a government official told ANI. The official mentioned that the online portal to fast-track PLI visas has been operational for about a week. The aim of this special initiative is to ensure smoother approvals of visas for technicians, mostly from China. «We have set up an online portal to fast-track visas for technicians in PLI sectors, including for Chinese vendors,» said the official. According to a government source, a meeting was also held with stakeholders to sensitize them on the workings of the online portal to fast-track PLI visas. The objective is to shorten the visa processing time from the current 4-5 months to within 30 days, according to sources familiar with the discussions.

₹34,999. The two devices Vivo V40 and Vivo V40 Pro comes with a 1.5K AMOLED display, IP68 water and dust resistance rating, Android 14 based on Funtouch OS and a massive 5,500 mAh battery.Vivo V40 is priced at ₹34,999 for the 8GB RAM/128GB storage model, ₹36,999 for the 8GB RAM/256GB storage variant and ₹41,999 for the top end 12GB RAM/512GB model.Vivo V40 Pro starts at ₹49,999 for the 8GB/256GB storage model and ₹55,999 for the 12GB RAM/512GB storage variant. Moreover, the price Vivo V40 features a 6.78-inch AMOLED display with a resolution of 2800 x 1260 pixels, 120Hz refresh rate, HDR 10+ certification and a peak brightness of 4500 nits.

Hong Kong-based Mox, a Standard-Charted backed virtual bank, said Wednesday that it expanded its investment options to include cryptocurrency exchange-traded funds (ETFs). This move positions Mox as the first virtual bank in Hong Kong to offer crypto-related investment products.

Vinesh Phogat on Wednesday was disqualified from Paris Olympics' 50 Kg wrestling category for being overwieght by 100 grams. A statement released by the Indian Olympic contingent revealed that 29-year-old Phogat's disqualification was triggered by a slight uptick in the body weight. «It is with regret that the Indian contingent shares news of the disqualification of Vinesh Phogat from the Women's Wrestling 50 kg class. Despite the best efforts by the team through the night, she weighed in a few grams over 50 kg this morning. No further comments will be made by the contingent at this time. The Indian team requests you respect Vinesh's privacy. It would like to focus on the competitions on hand,» the Indian Olympics contingent said.

It’s not just Simone Biles — a number of gymnasts and coaches are speaking out about the “weird and awkward” atmosphere during the individual balance beam final at the Paris 2024 Olympics on Monday.

Indian expats, including those at the CXO level ,looking to relocate to India primarily from the US, UK and Canada over the last year, recruitment agency Randstad India told ET. However, Randstand did not quantify the size of the surge of Indian expat applicants. The manufacturing industry is expected to double in size over the next five years from employing around 2.5 to 3 million people to around 5 million by around 2030, Yeshab Giri, Chief Commercial Officer, Operational Talent Solutions at Randstad India, told ET. Government emphasis with big ticket incentives in addition to benefiting from the China plus one strategy has seen the electronics manufacturing sector in particular opening up more opportunities for these expats. The government boosters are seen aiding local manufacturing to get stronger.