China Financial News

«One is the kind of impetus that the government has always placed on investment and therefore what is the kind of growth that you are expecting from the capital expenditure side vis-a-vis the revenue expenditure, so that is one number to watch out for,» says Shibani Sircar Kurian, Kotak Mahindra AMC. What is the market expecting from the budget, does not seem like there is going to be any tinkering on the capital gains taxes at least, but yes, the market is waiting and watching whether it is going to be the budget or it is going to be something from SEBI with regards to options trading for sure. Shibani Sircar Kurian: So, if you look at the budget, of course, the budget sets the policy tone for the rest of the year and also sets the agenda for the government during its term.

China on Monday surprised markets by cutting major short and long-term interest rates in its first such broad move since last August, signalling intent to boost growth in the world's second-largest economy.

security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies.

Wall Street as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of the tech earnings season. The MSCI Asia Pacific Index snapped a three-day decline, as shares from Japan to South Korea and Australia rose at the open. That followed a 1.1% jump in the S&P 500, ahead of earnings from Tesla Inc. and Alphabet Inc. due later Tuesday.

Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April. The Dow Jones Industrial Average was also back in positive territory, breaking a two-session skid since hitting an all-time closing high last Wednesday.

Union Budget, volatility is expected to remain high on Tuesday. «We thus maintain a cautious stance and recommend a hedged approach. Traders should seek buying opportunities in low-beta counters, especially in the defensive sectors, and remain selective in other areas,» said Ajit Mishra – SVP, Research, Religare Broking.

China’s central bank has cut key interest rates in a surprise move aimed at injecting pep into the economy, while the ruling Communist Party released a 50-page roadmap addressing long-term challenges

Russia has emerged as the biggest recipient of projects and loans as well as monetary assistance from China under the controversial Belt and Road Initiative. The Asian communist-ruled country has been shocking the world for more than twenty years with its economic strides and stupendous economic growth rate. Russia-China cooperation has soared to such a level that it has set the alarm bell ringing and the Western world, including the US and Europe, are scared. It has deepened global concern over what a partnership between these two powerhouses could cause. Western experts apprehend that China could be taking advantage of Russia's valuable natural resources.

Donald Trump made a pitch for votes from autoworkers in key swing states during his acceptance speech for the Republican presidential nomination

Nepal’s newly appointed prime minister has secured overwhelming support in parliament with more than two-thirds of members voting in his favor

President Ferdinand Marcos Jr. has ordered an immediate ban on widespread and mostly Chinese-run online gaming operations in the Philippines accusing them of venturing into crimes, including financial scams, human trafficking, torture, kidnapping and m...

Private sector investment has been improving after Covid-19 and it is expected to further pick up in the coming months, Chief Economic Advisor V Anantha Nageswaran said on Monday. Talking to PTI after tabling of the Economic Survey in Parliament, Nageswaran said private sector investment has been improving over the years after Covid-19.

Paris Olympics 2024 that is beginning on July 26 this year. United States have always been clear favorites at international-level basketball ever since the game was introduced at the Summer Games, back in 1936. As long as Olympic history goes back, USA have always secured a medal from this sport, except one particular year (1980), when they were boycotting the Olympics.

Gensol Engineering Ltd on Monday said it has won the bid for 116 megawatt of solar projects in Gujarat. These projects will be distributed across 27 locations, all under the purview of Paschim Gujarat Vij Co. Ltd. (PGVCL), the state electricity distribution company, Gensol Engineering Ltd said in a statement.

global IT outage for the last few days has turned out to be the biggest technological crisis in history. The outage has also revealed the excessive dependency on a single company, Microsoft, that has now come into question, after banks, airlines, and various other important administrative services took a major hit. Even police authorities were not able to man their 911 lines and operations in various countries in the West due to the IT outage, begging the question why Microsoft has become the epicenter of all administrative activities.

Barack Obama be nominated as the running mate of Kamala Harris? Does the US Constitution allow a twice-elected president to run for the office of the vice president? Or is he ineligible for any office including that of vice president? These questions have popped up after US President Joe Biden stepped aside and endorsed Vice President Kamala Harris. If media reports are to be believed, Barack Obama played a significant role in convincing Biden to pull out despite supporting him earlier. He even attended Biden's fundraising program and endorsed him. Now the former president has come out openly to back and endorse Kamala Harris. What next?

₹5 crore “with a guaranteed coverage of up to 85%" (Charts 3a, 3b). However, major shocks over the last decade such as the transition to the goods and services tax (GST), demonetisation and covid have seriously affected the sector. The survey calls for ensuring MSMEs are bankable, a focus on employment-intensive MSME sectors, a collaboration between government, industry and academia to increase skills in the labour force, and providing faster clearances to MSME.

insolvency ecosystem, which has helped bring NPAs to multi year low.

private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday. The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility.

Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman said that the pre-bugdet document highlighted the prevailing strengths of India's economy.

Bollywood superstar Akshay Kumar, known for his action-packed stunts and comedic timing, took a moment to embrace the realm of poetry, sharing a soulful shayari by renowned Urdu poet Bashir Badr on his Instagram handle. The post, captioned with a heartfelt appreciation for Badr's words, has sent ripples of admiration through his fanbase.