China Financial News

31.07 / 18:00

security Election Death voice peace Job done, stop Israel from over-overkill

Hamas political chief Ismail Haniyeh in Tehran and Hezbollah commander Fuad Shukr in Beirut within hours of each other on Tuesday-Wednesday, Israel has successfully conducted what it had purportedly set out to do: take out what lay at the core of the Hamas October 7, 2023, attacks on Israel that led to more than 1,000 deaths and over 250 people taken hostage by the Palestinian terrorist group. In the process, Tel Aviv has pushed the region further to wider conflict. Predictably, Iran has vowed vengeance. It is now the job of Israel's allies, especially the US, to ensure that Tel Aviv doesn't go for an over-overkill. Further escalation must be nipped in the bud.

31.07 / 18:00

markets UPS economy wellness country prevention politician Arrey brother, why bother? The economy’s doing too well to make attempting radical change worthwhile

Indian economy looked so good to global analysts. Yet, complaints galore have followed the budget presentation. Why has it not combated weak consumption? Or weak private sector investment? Or weak employment?

31.07 / 16:28

Citi security rock reports gatherings fencing Massive protests rock Balochistan over alleged attempts to turn China-backed Gwadar Port into military zone

Balochistan province over the administration’s decision to turn the area around the China-built Gwadar port into a military installation zone.

31.07 / 13:13

markets COST pandemic Inside testing Interviews Etsy plans to test its first-ever loyalty program as it aims to boost sales

Etsy says it will begin testing its first-ever loyalty program in September

31.07 / 09:27

markets COST Manufacturing Trade War country reports Made-in-India fights a battle of tags on American, European shelves

supply chains after the pandemic and due to geopolitical reasons has given India a chance to make in India for the world. It's not just China. Other Asian countries such as Vietnam and Bangladesh are also formidable incumbents. Traditionally, other Asian countries have had an edge over India due to various reasons such as cheaper labour, less rigid labour market and free trade agreements. But now India too is becoming an attractive source of goods for Western countries.

31.07 / 07:08

markets Target FIVE BAY trends Trade performer DAM Capital initiates coverage on Hindalco with buy rating, sees 37% upside

DAM Capital initiated coverage on Hindalco with a 'Buy' rating and target price of Rs 905, which indicates an upside potential of 37% from the previous day's closing price of Rs 660 apiece. In its coverage initiation, DAM Capital emphasized the opportunities within the aluminium sector, expressing optimism about future aluminium prices and predicting deficits ahead. Meanwhile, the brokerage highlighted Hindalco's strengths, noting, «Hindalco's India aluminium business is strong, with stable copper operations.»

31.07 / 05:00

markets Manufacturing economy China's manufacturing activity contracted in July, the monthly Purchasing Managers' Index says

A closely watched measure of Chinese manufacturing activity remained negative in July as concern persists about the state of the world’s second largest economy

31.07 / 03:10

UPS FIVE track country Oil claws back some losses after Israel retaliates against Hezbollah

Oil futures clawed back some losses on Wednesday, recovering from 7-week lows as geopolitical tensions rose after Israel retaliated against an attack by Hezbollah, although prices remained under pressure from concerns about demand in China. Brent crude futures climbed 39 cents, or 0.5%, to $79.02 a barrel by 0020 GMT ahead of expiry on Wednesday, while the more active October contract was at $78.54, up 47 cents.

31.07 / 02:18

Manufacturing WhatsApp Updates China July non-manufacturing activity expands at slower pace

31.07 / 01:56

UPS Manufacturing Trade recommendations Mint Quick Edit | Chinese investment could suit India

Advocacy of Chinese foreign direct investment into India by the Economic Survey notwithstanding, a change in India’s position seems unlikely. “There is no rethinking at present to support Chinese investments in the country," commerce and industry minister Piyush Goyal said on Tuesday, noting that the survey’s recommendations are not binding.

31.07 / 01:55

MET Trade President country Relationships ‘I think India wants to play a responsible role globally,’ US Diplomat says as he expects more engagement with Ukraine

Ukraine. I'm grateful for that.

31.07 / 01:31

Bill Trade country reports International Russian Lawmakers Pass Bill Allowing Select Businesses to Use Crypto in International Trade

Russian lawmakers passed a bill on Tuesday, July 30 allowing businesses to use cryptocurrencies in international trade, a move aimed at circumventing Western sanctions imposed following Russia’s invasion of Ukraine.

31.07 / 01:10

markets economy Allianz Trade stage track reports Yen braces for BOJ decision with risk events aplenty

yen hovered near a 2-1/2-month high on Wednesday ahead of a key Bank of Japan (BOJ) policy decision where the central bank is set to detail plans to taper its huge bond buying and a rate hike is on the cards. Wednesday looked set to be a busy day for markets, with China's official purchasing managers' index (PMI) data and Australian consumer price figures also due during the Asian session.

31.07 / 00:13

markets Citi CEO Landmark 2020 reports International Stellantis ships to Europe first fully electric cars produced in venture with China's Leapmotor

Carmaker Stellantis has shipped the first electric vehicles produced under a joint venture with China’s Leapmotor to Europe, with the first models to go on sale next month

31.07 / 00:02

markets CEO McDonald’s Food stage reports Traffic Starbucks quarterly revenue falls on weak traffic in US and China

Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China

30.07 / 22:12

markets UPS Provident security BOS country Canadian miner moves to UAE as Ottawa raises bar for foreign investment

A Canadian graphite miner has moved its headquarters outside the country to attract new investment as the federal government raises the bar for certain foreign companies to buy into Canada’s critical minerals sector.

30.07 / 20:45

Fox economy Bill President War reports Russia will use cryptocurrency to handle backlogged payments to allies amid Western sanctions: reports

Fox News senior strategic analyst Gen. Jack Keane discusses the U.S. interception of a Russian and Chinese aircraft, a report that Ukraine is urging China to help end the war, and France's rail networks hit by arson attacks.

30.07 / 20:21

markets UPS Action Election prevention US Presidential Election 2024: Will China and Russia succeed in scanning election infrastructure, manipulating voters?

US Presidential Election 2016 to help Republican candidate Donald Trump. Eight years afterward, the apprehension of interruption by foreign forces has surfaced. The U.S. intelligence agencies have observed that foreign adversaries have scanned election infrastructure ahead of the November 5 election. It has raised concerns that hostile powers are probing US defenses for any vulnerability and the US Presidential Election 2024 may again be under threat.

30.07 / 15:37

COST UPS economy reports China pledges steps to shore up flagging economy

HONG KONG : Chinese leaders said they would take more aggressive steps to boost consumer spending and head off a worsening set of economic challenges, signaling rising concern about flagging momentum in the world’s second-largest economy. The Communist Party’s top policymaking body, the 24-member Politburo, pledged more measures to boost household income and reduce funding costs for companies, though the report from the state-run Xinhua News Agency offered few specifics on what it is planning.

30.07 / 12:13

UPS Reuters Manufacturing economy Election show reports Oil steadies near lowest since early June as China concerns weigh

Oil steadied on Tuesday near its lowest levels since early June as worries about demand in China were balanced by a government pledge of policy measures for the economy and the prospect of lower U.S. crude and product inventories. A raft of disappointing economic news from China, the world's largest crude importer, has been weighing on commodity prices. China's manufacturing activity likely shrank for a third month in July, a Reuters poll showed on Monday.

30.07 / 11:56

Cooper Manufacturing Action economy Remark Trade War Italy and China sign a 3-year action plan as Italian leader Meloni tries to reset relations

Meloni hopes to implement past agreements and try new forms of cooperation.

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