China Financial News

28.06 / 05:03

UPS Target Mobile country electronic Schools Cyber Indonesia arrests over 100 Taiwanese for alleged cyber fraud

Taiwanese at a villa in Bali over alleged cyber fraud, authorities said Friday. The proliferation of cyber fraud groups in Southeast Asia has become a growing concern in recent years, and authorities in countries including China, Indonesia and Malaysia have stepped up efforts to stop them.

28.06 / 05:03

UPS IPO Platform show performer Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return

GMP), initial public offerings are driving FOMO (fear of missing out) like never before on Dalal Street. So far in the six months of the calendar year 2024, SME IPOs have skyrocketed over 1,500%. Out of the 110 SME IPOs that have listed in the first half of 2024, a vast majority of 87 have given positive returns while 43 of them have at least doubled money from their offer price, shows data pulled from the records of PRIME Database.

28.06 / 04:35

Citizens Progressive Election President travelers guidelines Taiwan urges citizens to avoid travel to China, Hong Kong Macao following Beijing threats

Taiwan has urged its citizens to avoid travel to China and the semi-autonomous Chinese territories of Hong Kong and Macao following threats from Beijing to execute supporters of the self-governing island democracy's independence. Spokesperson and deputy head of the Mainland Affairs Council Liang Wen-chieh issued the advisory at a news conference Thursday. That came amid growing threats from China, which claims Taiwan as its own territory to be annexed by force if necessary.

28.06 / 01:53

markets UPS Election Trade President stage Asian shares eye five-month winning streak; yen buckles under dollar strength

inflation in the United States would allow the Federal Reserve to ease rates later this year. Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.

27.06 / 23:43

UPS Manufacturing Trade country social Latin consequences US automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border

Mexican border using the rules framed under the US-Mexico-Canada Trade Agreement. The average price of an EV vehicle manufactured in the US is $55,000 and the Chinese vehicles are priced at half this rate. The US has many options to tackle what may be termed as an “unfair trade practice”. There are several economic and social consequences, the US will need to deal with. The primary concern is related to job loss. The American automobile industry is threatened by this.

27.06 / 19:19

COST country reports Arsenal Increasing cost of nuclear weapons; amount spent in 5 years can feed 45 million people suffering due to famines

nuclear arsenal has emerged as a concern for many stakeholders and has threatened global peace. There is also an increasing cost associated with building, maintaining and expanding this weaponry. A report published by the International Campaign to Abolish Nuclear Weapons (ICAR) noted that countries spent £72.2 billion on their nuclear arsenal in 2023. This indicated a rise in spending to the tune of £18.1 billion or an increase of 34% as compared to 2022. This amount indicates that around £ 198 million was spent every day, £ 8.2 million a hour, £137,000 a minute and £2288 a second.

27.06 / 16:47

markets UPS Fox CEO President show Mortgage rates fall slightly to 6.86%

Former Federal Reserve Bank of St. Louis President and CEO James Bullard looks ahead to the next rate decision, unpacks jobs data and reacts to Yellens housing development.

27.06 / 15:39

Cooper security country rock information gatherings prevention China calls on scientists of all nations to study lunar samples, except the US

China’s space officials said Thursday they welcomed scientists from across the world to apply to study the lunar rock samples the Chang’e 6 probe brought back to Earth in a historic mission, but noted there were limits to that cooperation, specifically...

27.06 / 15:19

deepfake Crypto Crime Deepfake Crypto Scams to Double, Surpassing $25B in 2024

Crypto losses due to deepfake crypto scams are set to exceed $25 billion in 2024, more than doubling last year’s losses, according to Bitget.

27.06 / 12:49

markets UPS economy Enterprise MSCI track As Chinese stocks struggle, owning boring ones has paid dividends

It has been hard to make money in Chinese stocks. Unlike the U.S. market, even the country’s tech giants have disappointed investors in the past few years.

27.06 / 12:49

markets UPS Digital security economy Experts All Nifty Metal stocks in the green in 2024 so far, Hindustan Zinc gave multibagger returns; what lies ahead?

Hindustan Zinc has given multibagger returns, surging almost 105 percent. It was followed by Vedanta, which jumped over 68 percent and Jindal Stainless, up over 40 percent. Meanwhile, JSPL, NALCO, and Tata Steel also advanced between 20 and 40 percent.

27.06 / 12:23

COST CEO Software wellness Experts performer ET Explains: All about vRAN and what it means for Vi

Vodafone Idea (Vi), which is set to embark on a mega expansion plan for 4G network and roll out 5G services, has completed trials using Samsung's virtualised RAN (vRAN) technology. Experts say the technology is expected to bring substantial cost savings to the telco as compared to legacy hardware infrastructure. ET explains what vRAN is, the type of network optimisation it can bring and what it means for Vi's vendor ecosystem. What is vRAN?

27.06 / 10:39

markets Waves Racing economy Food Experts country Developed economies lead the global race to ease monetary policy, for now

Expert view: RBI may implement shallow rate cut even if US Fed defers, says Rajani Sinha of CareEdge Among developed economies, the European Central Bank, Bank of Canada and the Swiss National Bank have started trimming interest rates. The usual trendsetter for global monetary policy decisions, the US Federal Reserve, is still in a wait-and-watch mode. As for emerging markets, key central banks such as the Reserve Bank of India (RBI), Bank of Korea, Bank of Indonesia and People’s Bank of China are maintaining the status quo on key lending rates.

27.06 / 10:39

Cooper rights Bad laws are bad for business: They must be reformed, not ignored

Also read: Improve R&D for exports, ease of doing business, review tariffs on Chinese goods, industry leaders tell the FM As government regulation improves, compliance and enforcement will follow. Bureaucrats will have more resources to enforce fewer laws, while businesses will have fewer incentives to break rules.

27.06 / 07:27

UPS Platform Analysis Research trends show China’s 618 shopping event brought in sales, but perhaps not profits

China’s second-biggest online shopping event of the year generated big sales, but not necessarily the windfall that retailers have come to expect, analysts say. E-commerce giants like Alibaba Group and JD.com have historically used the weekslong 618 shopping festival to get customers to open their wallets, offering promotions on everything from Coach handbags to iPads.

27.06 / 07:27

markets COST Provident wellness country electronic Lynas bets on new rare earths products, breaking China stranglehold

Lynas Rare Earths plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia, a step that could help to loosen China’s grip on markets for the critical materials. The Australia-listed company has designed a new process that will for the first time produce separated dysprosium and terbium at the plant, from which it ships rare-earth materials to customers in the U.S., Europe and East Asia. China essentially refines all the world’s heavy rare earths today.

27.06 / 07:13

BTC FIVE coinbase Bitcoin reports US Govt. Sends Seized 3,940 Bitcoin to Coinbase Prime Wallet: Arkham

The US government, on Wednesday, sent seized 3,940 Bitcoins to a Coinbase prime wallet, according to blockchain data firm Arkham Intelligence.

27.06 / 06:31

UPS WhatsApp Southern President country testing Seoul, Tokyo, Washington start new joint military drills

South Korea, the United States and Japan kicked off major new military exercises on Thursday, Seoul's Joint Chiefs of Staff said, as the allies seek to counter growing threats from Pyongyang. The drills, dubbed «Freedom Edge», will focus on ballistic missile and air defences, anti-submarine warfare and defensive cyber training, among other areas, the JCS said in a statement. The three countries' leaders held a summit last year and agreed to conduct drills every year to demonstrate unity in the face of North Korea's nuclear threats and China's rising regional influence.

27.06 / 05:11

Man Action President show Videos boating President Ferdinand Marcos says Philippines must 'do more' than protest China sea actions

Marcos said Thursday that the Philippines needs to do more than protest Beijing's «illegal actions» in the South China Sea. Chinese coast guard personnel wielding knives, sticks and an axe surrounded and boarded three Filipino navy boats last week, video showed, foiling what Manila said was a resupply mission to troops manning a grounded warship on Second Thomas Shoal. It was the latest and most serious incident in a series of escalating confrontations between Chinese and Philippine ships as Beijing steps up efforts to push its claims to nearly all of the strategically located waterway.

27.06 / 04:33

markets COST UPS Trade President Rs 32,000 crore-inflow in 12 days! 7 reasons why FIIs are chasing Indian stocks non-stop

Sensex and Nifty to fresh all-time peaks, foreign institutional investors (FIIs) have been buying Indian stocks non-stop with a cumulative inflow of Rs 32,000 crore on Dalal Street in 12 trading sessions. FIIs can be seen pouring money into India funds at the cost of China, Brazil, Taiwan and South Korea as consensus is gradually building on imminent rate cuts in the second half of 2024. This month's buying comes after FII outflows worth over Rs 34,000 crore in the last 2 months. For 12 consecutive trading sessions from June 7 till June 25, FIIs have been net buyers on Dalal Street, according to Sebi data.

27.06 / 04:11

markets FIVE economy Trade War band Who’s afraid of a falling yuan?

Now it’s the turn of the Chinese yuan. An important economic development of late has been the depreciation of Asian currencies relative to the dollar. China’s currency is in the spotlight again amid new speculation over whether Beijing is implementing a competitive devaluation of some sort, or will do so—and whether this will become the excuse for a trade war.

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