China Financial News

South China Morning Post (SCMP) reported that this unusual incident happened on May 17. The thief managed to get into the office, stealing a watch and a laptop. Before leaving, he wrote a note for the owner, advising them to upgrade their security system, according to Shanghai police. The police identified the thief as Sang. He climbed the building's wall to get in and stole a watch and an Apple MacBook. While inside, he gathered mobile phones and laptops, piled them on a desk, wrote a note, and left it under the pile of devices. «Dear boss, I took a wristwatch and a laptop. You should improve your anti-theft system. I didn't take all the phones and laptops, fearing it might hurt your business,» Sang wrote. At the end of the note, he added, «Contact me if you want your laptop and phone back,» and left his number.

arrest warrants for Russia's chief of the General Staff Valery Gerasimov, and former defence minister Sergei Shoigu. Warrants were issued for the alleged war crimes of directing attacks at civilian objects and causing excessive incidental harm to civilians, as well as the crime against humanity of «inhumane acts» in Ukraine, the ICC said in a statement. ICC judges said there were «reasonable grounds to believe that the two suspects bear responsibility for missile strikes carried out by the Russian armed forces against the Ukrainian electric infrastructure from at least 10 October 2022 until at least 9 March 2023.»

MUMBAI : A crucial and much-awaited trigger for battery maker Amara Raja Energy & Mobility Ltd has played out—a technology tie-up for lithium-ion. Its subsidiary Amara Raja Advanced Cell Technologies entered into a technical licensing agreement with GIB EnergyX Slovakia, a subsidiary of China-based Gotion High Tech Co. The partnership will help the battery maker get access to GIB’s LFP technology for lithium-ion cell manufacturing.

U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific.

DALIAN, China — Cisco is «very optimistic» about its growing business with Chinese electric car companies as they expand overseas, the company's Greater China head told CNBC on Tuesday.

Forensic and other experts are combing through the charred ruins of a factory building near South Korea’s capital to find the cause of a fire that killed 23 people, mostly Chinese migrant workers

China’s premier has defended open markets and the importance of green technologies for stabilizing global growth as he opened a forum with political and business elites in northeastern China

coffee and sit for six or more hours a day are at almost 60 percent higher risk of dying compared to coffee drinkers who sit for less than six hours daily, according to research published in BioMed Central (BMC) Public Health. Researchers from the Medical College of Soochow University's School of Public Health in China tracked over 10,000 adults in the US for up to 13 years. They found an increased risk of dying for sedentary non-coffee drinkers, a risk not observed among those who drink coffee.

duty structure wherever required. In a pre-budget meeting with Finance Minister Nirmala Sitharaman, FIEO president Ashwani Kumar made a case for an extension of the Interest Equalisation Scheme for the next five years. «We request the scheme which is valid till 30th June, 2024 may be extended for a period of 5 years. Looking into the rise in interest rates consequent to the increase in Repo rate from 4.4 per cent to 6.5 per cent in the last 2 years, the subvention rates may be restored back from 3 per cent to 5 per cent for manufacturers in MSMEs,» Kumar said. Kumar also urged for the establishment of an Indian shipping line of global repute to reduce foreign shipping line dependency and save foreign exchange.

The future of developing countries is in services. This may sound odd in view of the fact that industrialization has been the traditional road to growth and eventual prosperity, one travelled by all of today’s rich economies and by more recent successes such as South Korea, Taiwan and China. Manufacturing seems even more essential given that industrial policies to revive it are back in fashion in the US and Europe.

Vietnamese automaker VinFast has a big problem: It just can’t sell enough cars

«Speciality chemical is a very different ball game. I mean, it has been struggling and there are intermittent signs of it reviving, but still it is very difficult as China is dumping and the competition across the globe is huge,» says Samit Vartak, SageOne Investment Advisors. For a lot of sectors we are at the peak of optimism, they are baking in the best in terms of order inflows, etc. A couple of places where there is still sort of a lack of belief or a bit of disbelief are those like IT, FMCG, chemicals, etc. Are you saying that perhaps it is time to bet on the underperformers? Samit Vartak: I am looking at companies where I am expecting close to 25% kind of earnings growth. A lot of companies in the IT sector or FMCG will never give you that, even half of that, so they are never really part of my portfolio.

Air Chief Marshal VR Chaudhari on Tuesday emphasised the critical need for India to invest in the modernisation of its armed forces amidst evolving security challenges. He was addressing the Capstone Seminar organised jointly by the Indian Air Force, the College of Air Warfare, and the Centre for Air Power Studies. Air Chief Marshal Chaudhari also underscored India's strategic culture and its relevance in facing current security challenges.

silver July futures contracts opened at Rs 88,858/kg falling by Rs 141 or 0.16%. On Monday, gold and silver settled on a mixed note in the international as well as the domestic markets. On MCX, the gold August futures contract settled at Rs 71,791 per 10 grams with a gain of 0.29%, and the silver July futures contract settled at Rs 88,999 per kilogram with a loss of 0.16%.

A fire likely sparked by exploding lithium batteries has swept through a manufacturing factory near South Korea’s capital, killing 22 mostly Chinese migrant workers and injuring eight

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

Mint looks at how trade between the two Asian giants has evolved and why it is proving to be so difficult for India to decouple itself from its neighbour. In FY24, bilateral trade grew 4% to $118.4 billion from $113.8 billion in FY23. India-US trade in the same period declined by 8.6% to $118.3 billion.

Akhila Chaganti is an Associate in the Product Management team for Securities Services in the Corporate Bank at Deutsche Bank Singapore. She graduated from the National University of Singapore with a major in Economics in 2020 and joined Deutsche Bank’s Graduate Programme a few months later. This is what a typical day looks like for her.

Redmi Note 14 Series According to a report from XiaomiTime, the Redmi Note 14 series is projected to launch in September. Initially, the series will be unveiled in China before expanding to other global markets, including India.

commerce ministry's investigation arm DGTR has recommended the continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to guard domestic players. In a notification, the Directorate General of Trade Remedies (DGTR) has said that there is a likelihood of injury to the domestic industry in the event of cessation of present countervailing duty on the imports from these two nations. «The authority has reached a conclusion that the duty imposed on subject goods is required to be extended further...The authority recommends extension of countervailing duties on imports of the product under consideration,» the DGTR has said. The directorate has recommended a duty of up to 29.88 per cent on the product.

China is deeply concerning and has raised serious allegations of human rights abuses, including forced organ harvesting. In March, during a US congressional committee hearing, experts had claimed that Chinese authorities had gathered genetic information from the Muslim Uyghur minority, with the aim of supporting a forced organ transplant programme targeted at attracting Muslim medical tourists from Gulf states.