China Financial News

11.06 / 16:27

COST Sustainability community country World Bank approves a $1 billion loan for Pakistan's key hydropower project

The World Bank has approved $1 billion for the construction of Pakistan’s biggest Dasu hydropower project, which is being built in the country’s northwest with China’s help

11.06 / 08:29

Anti-money laundering Chinese Criminal Gang Sentenced for Laundering Money with Digital Yuan

A criminal gang in China has been sentenced for money laundering using digital yuan in an international scheme.

11.06 / 08:11

UPS Manufacturing Election wellness country rowing Safeguarding India's border will remain topmost priority: Rajnath Singh

India's border will remain the topmost priority and efforts will continue to take defence manufacturing and exports to greater heights, Defence Minister Rajnath Singh said on Monday shortly after he was retained to helm the key responsibility in the new government. Singh was among the senior BJP leaders, including Amit Shah, Nitin Gadkari, Nirmala Sitharaman and S Jaishankar, who retained the ministries they handled in the previous government.

11.06 / 07:21

markets UPS Citi FIVE SUN International How Aditya Birla Sun Life MF, one of India's first global Gift City funds, works

Aditya Birla Sun Life Mutual Fund launched one of India’s first global funds from Gift City (registered with the International Financial Services Authority or IFSC) last year. It had its first close in September 2023, raising $33 million, mostly from resident Indians and institutions.

11.06 / 06:27

Altcoins Trading Exchange Crypto Exchange Listing and Delisting Announcements: June 10, 2024

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

11.06 / 06:27

FTC pig butchering US FTC Warns Consumers of Rise in Pig Butchering Crypto Scams

The U.S. Federal Trade Commission (FTC) is warning consumers of the rise in “pig butchering” scams or romance scams involving cryptocurrency investments.

11.06 / 05:21

markets security Strategy Research Experts recommendations International Gold price dips ahead of US Fed meeting. Opportunity to buy in this correction?

₹71,251 per 10 gm and touched an intraday low of ₹71,072 within a few minutes of the commodity market's opening bell. In the international market, the COMEX gold price oscillates around $2,320 per troy ounce, whereas the spot gold price is around $2,303.According to commodity market experts, gold prices today are under pressure after better-than-expected US job data, which dents the US Fed rate cut buzz.

10.06 / 18:55

WhatsApp President Latin travelers PM Modi likely to visit Italy for G7 Summit as invitee; may meet Xi Jinping in Kazakhstan

Narendra Modi's global outreach in his third term is expected to begin with a 24-hour trip to Italy for the G7 summit on June 14 where he is an invitee. In subsequent months, Modi may visit Kazakhstan for the SCO summit (July 3-4), followed by BIMSTEC meet in Thailand (September), BRICS summit in Russia (October), G20 summit in Brazil (November) and a probable trip to New York in September for the UN General Assembly and Summit of Future.

10.06 / 18:55

COST Citi stars reports travelers shock Where is ‘fake Venice’ situated? Why did ‘Venice of China’ fail to attract tourists? Details here

Venice but found it expensive? You could have traveled to the ‘Venice of China’, if not for the recent experience of a travel vlogger who found the city to be empty, with buildings still unused and empty canals which are full of sludges. This project which cost China GBP 507 million, now resembles a ‘ghost town’. The project hoped to inject some European architecture and culture prompting tourists to visit this ‘Chinese Venice’ instead of the town located on the Italian coast. This has been reported by the Daily Star.

10.06 / 18:49

Cooper security inclusion peace International India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining BRICS

India on Monday wholeheartedly welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining the BRICS as their representatives attended for the first time a key meeting of the grouping hosted by Russia. Senior diplomat Dammu Ravi led the Indian delegation at the BRICS Foreign Ministers' Meeting in Nizhny Novgorod, in western Russia.

10.06 / 18:49

markets Apple Software NVIDIA show Features Updates Apple shows off updated, mixed-reality headset at AI-focused event

Siri voice assistant and a possible tie-up with ChatGPT owner OpenAI.

10.06 / 17:51

markets FIVE Reuters Yellow 2020 reports testing Oil prices surge 2% to reach one-week high amid optimism for increased summer fuel demand; brent crude at $80.98/bbl

Gold prices dip on strong US dollar as China pauses buying yellow metalAccording to a report by Goldman Sachs, as quoted by Reuters, Brent is projected to increase to $86 per barrel in the third quarter. They attribute this rise to robust summer transport demand, which is anticipated to drive the oil market into a deficit of 1.3 million barrels per day (bpd) during that period."Oil price dynamics are also giving oil producers little encouragement.

10.06 / 15:42

Cooper Fighting President country 2020 peace Central African Republic government suspends Chinese mining company for alleged ties to armed groups

The government of the Central African Republic has suspended a Chinese mining company's operations in the country over alleged ties to armed militias

10.06 / 15:39

Cooper Action Food Experts Justice electronic Department FDA and DOJ pledge more cooperation on illegal e-cigarettes ahead of congressional hearing

Federal health regulators and law enforcement officials are vowing to work more closely to stop sales of illegal electronic cigarettes, including those from China

10.06 / 15:39

Target Man Mobile Cybercrime Department Courts Investigations 22 Chinese nationals sentenced to prison in Zambia for multinational cybercrimes

A Zambian court has sentenced 22 Chinese nationals to long prison terms for cybercrimes that included internet fraud and online scams targeting Zambians and people from Singapore, Peru and the United Arab Emirates

10.06 / 12:25

Election President Destiny Pak PM Shehbaz Sharif, his elder brother Nawaz wish Narendra Modi on taking oath as prime minister

Pakistan Prime Minister Shehbaz Sharif and his elder brother and the ruling party supremo Nawaz Sharif on Monday wished Narendra Modi for taking oath as the prime minister for the third consecutive term. In his message posted on X, Nawaz, the former prime minister and chief of the Pakistan Muslim League (PML-N), said that Modi's success in recent elections reflects the confidence of the people in his leadership and asked him to seize the opportunity to shape the destiny of the two billion people of South Asia.

10.06 / 11:59

economy WhatsApp show International Pakistan's central bank cuts key rate as expected to boost economy

Pakistan's central bank cut its key interest rate by 150 basis points on Monday in a widely expected move, marking its first rate reduction in nearly four years in its effort to boost growth amid a sharp decline in retail inflation.

10.06 / 10:27

Ethereum BTC Digital Bitcoin news Trade Bitcoin play Bitcoin Price Prediction as US-Saudi Petrodollar Deal Ends – Will BTC Play a Role?

The recent termination of the US-Saudi petrodollar agreement marks a turning point that could significantly influence Bitcoin’s financial trajectory. This development disrupts a decades-long economic standard and introduces the potential for increased currency diversification globally.

10.06 / 09:05

CBDC Banks HSBC China Rolls Out e-CNY Services for Corporates, Signalling Foreign Banks’ Dive into Digital Yuan

HSBC China is now offering e-CNY services to its corporate clientele. The development marks it as the first foreign bank within the nation to extend services associated with the central bank’s digital currency to both retail and corporate sectors.

10.06 / 08:01

markets CEO trends performer country social innovations Rapid growth in India's ad market, China's slowing: Mindshare Asia Pacific CEO

Mint at the annual advertising conference, GoaFest, McRae noted that advertising categories such as consumer-packaged goods, automobiles, QSR brands, and banking and financial services (BFSI) have been performing well in India's advertising sector. This positive trend is expected to continue in the latter half of the year, as indicated by data from Mindshare’s India arm.

10.06 / 08:01

markets UPS Manufacturing wellness Cycling Xiaomi electronic Xiaomi India eyes increased localization, Apple-like ecosystem

Apple-like ecosystem and increasing the localization of its supply chain. “Localisation of our manufacturing is created by a combination of supplies from abroad, as well as from India," Muralikrishnan B, presdent, Xiaomi India, told Mint. “Today, we continue to have conversations to figure out how more of our supply chain partners, based in China or elsewhere, come and set up shop in India.

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