China Financial News

13.06 / 05:49

markets Citi Target wellness Citi opens upside catalyst watch on BYD; sees strong exports, domestic markets

Investing.com-- Citibank analysts opened a 30-day upside catalyst watch on BYD Co's (SZ:002594) Hong Kong shares (HK:1211) on Wednesday, stating that lower-than-feared EU import tariffs and strong domestic demand presented tailwinds for the company.

13.06 / 03:45

markets COST UPS Manufacturing Tesla Trade European Commission Investigations Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The European Union is moving to hike tariffs on electric vehicles made in China

13.06 / 03:45

Cooper security Trade Celebrity country reports Relationships China's Premier Li is visiting New Zealand, where security fears vie with trade hopes on the agenda

China's Premier Li Qiang has arrived in New Zealand at the start of a weeklong tour that also includes Australia and Malaysia

13.06 / 03:45

markets Manufacturing Food Justice electronic Department recommendations Senators blast health and law enforcement officials over illegal e-cigarettes used by teens

Senators criticized top federal officials over the rise of illegal electronic cigarettes in the U.S., a multibillion-dollar business that has flourished in recent years

13.06 / 03:45

Target President War country reports gatherings US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

The United States has widened its sanctions against Russia as G7 leaders prepare to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down Russia’s war machine

12.06 / 22:48

OKX Sim Swap SlowMist OKX and SlowMist Investigate Multi-Million Dollar SIM Swap Exploit

OKX and its security partner SlowMist are investigating a major security breach that stole millions of dollars from two user accounts.

12.06 / 22:41

markets COST Trade country 2020 Relationships rowing Australia anticipates China will lift final obstacle for exports as they ease past 2020 row

Australia's top trade official is predicting China will lift a ban on Australian lobster imports after Chinese Premier Li Qiang visits the country

12.06 / 21:05

markets Manufacturing Platform Action Trade Department International New incentive scheme for toy manufacturing soon

The government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken over recent months to support the industry, including hike in import tariffs to curb inflow of cheaper products from abroad, and tightened quality norms for imports.

12.06 / 16:53

markets UPS Manufacturing Trade country Latin Can China’s export machine run without the West?

China’s exports are still going strong. That has created tension with the West and led to a new wave of tariffs on its eclectic vehicles. But it is also reshaping global trade.

12.06 / 16:53

UPS Research Trade President Commentary inflation data Gold rises ahead of US Fed announcement, soft inflation data; silver up by 3.2%

Gold and silver prices today on 12-06-2024: Check latest rates in your cityInvestors have flocked to the precious metal, driven by expectations of monetary easing, geopolitical tensions in Europe and the Middle East, and significant central bank purchases, particularly by China.Spot gold is currently trading around $2,300 per ounce after reaching a record high of $2,449.89 on May 20, marking a gain of more than 11 per cent so far this year.“Commodities are broadly stuck in a range and trading flat, as we look ahead to the U.S. CPI numbers and the Federal Reserve’s policy meeting outcome later in the day.

12.06 / 10:27

markets Manufacturing economy wellness country reports International India to lead world in fuel demand growth: IEA

global oil demand, the International Energy Agency (IEA) said Wednesday, forecasting rise in consumption by a massive 1.3 million barrels between 2023 and 2030. In its Oil 2024 Report, the Paris-based energy watchdog said India's oil demand is forecast to grow more than any country's other than China between 2023 and 2030.

12.06 / 10:19

markets UPS Tesla Trade European Commission Investigations EU threatens to hike tariffs on Chinese electric car imports, escalating trade spat

The European Union has threatened to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers

12.06 / 08:59

Bitcoin Trump Declares ‘Love’ and Understanding Of Crypto At Bitcoin Miners Meet

Several crypto miners gathered at Mar-a-Lago on Tuesday night to meet with presidential candidate Donald Trump, who promised to advocate for them internationally.

12.06 / 08:43

markets Cooper Manufacturing economy wellness Trade International China warns EU tariffs on EVs would 'harm' Europe's interests

China warned Wednesday that expected additional EU tariffs on imports of Chinese electric vehicles would «harm Europe's own interests» and condemned the bloc's «protectionism.»

12.06 / 07:29

markets IPO FIVE security Remark Enterprise information A case for bolstering SME IPOs for the wealthy investor

There is a life lesson to be had in the growth of Chinese bamboo. The tree takes about five years to sprout. But once it does, it has a growth spurt, rising to even 80 feet in just a few weeks. That is what has been happening with SME IPOs in the recent past.

12.06 / 02:39

markets UPS Williams economy show testing Updates Dollar calm ahead of inflation test, Fed decision

Federal Reserve's updated interest rate projections due later in the day. Ahead of those crucial events, markets got a fresh check on the state of China's economy.

12.06 / 02:39

markets UPS Reuters CEO Trade Gold rush grips Asia despite near-record prices

gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up the metal to hedge against geopolitical and economic uncertainty. Spot gold is trading a little over $2,300 per ounce, up about 12% year-to-date and only about 6% shy of the record high it hit last month.

12.06 / 02:39

markets UPS country information reports travelers Oil prices edge up on optimistic demand outlook

Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC. Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10.

11.06 / 17:27

markets UPS economy wellness country travelers Oil at 1-week high ahead of US Fed policy as OPEC maintains 2024 forecast; Brent over $82/bbl

₹6,535 per barrel on the multi-commodity exchange (MCX). The Organization of the Petroleum Exporting Countries (OPEC) maintained its 2024 forecast for relatively strong growth in global oil demand, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.OPEC and allies earlier this month agreed to extend most of its deep oil output cuts well into 2025."We're now at least considering the idea that maybe demand will pick up in the second half, and the market may actually need some additional OPEC supply," said Tim Evans, an independent energy analyst.Meanwhile, the World Bank on Tuesday said the U.S.

11.06 / 17:21

markets Election Trade President band show Rupee closes at record low vs dollar ahead of US Fed statement

rupee closed at a record low versus the US dollar on Tuesday, joining other regional currencies which weakened against the greenback, as caution ahead of the Federal Reserve’s policy statement led to a globally stronger American currency. On Tuesday, the rupee ended the day at 83.5650/$1 on Tuesday, an all-time closing low versus the US dollar. On Monday, the rupee had closed at 83.505/$1, LSEG data showed.

11.06 / 17:01

Election Trade track country reports rights Premier Li congratulates PM Modi on new term, says China willing to develop ties in 'right direction'

Premier Li Qiang on Tuesday congratulated Prime Minister Narendra Modi on his re-election for a third term, saying Beijing is willing to work with New Delhi to «push forward bilateral relations in the right direction». Li said in a message that the sound and steady development of China-India relations is not only conducive to the well-being of the two peoples but also injects stability and positive energy into the region and the world, state-run Xinhua news agency reported.

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