China Financial News

Gold rate today: The gold price today has been significantly influenced by the rise in US dollar rates, a key factor in the current market dynamics. This increase in US dollar rates was primarily driven by better-than-expected US job data, which has had a direct impact on the gold price.

Saudi Arabia has joined the mBridge project to enhance cross-border payments using central bank digital currencies (CBDCs).

Motilal Oswal Financial Services Ltd, suggests that the market will remain volatile but with an upward trend, fueled by revived hopes of a US Federal Reserve rate cut in September and the allocation of key cabinet portfolios in the new Indian government. (Read the full story here.)Sensex Today Live : Indian markets were likely to be weighed down by the muted sentiment flowing from global peers as hopes of a sooner rate cut by the US Federal Reserve faded on the back of better-than-expected labour market data in the US.Notwithstanding the boost in sentiment from the formation of a new Union government in India, Gift Nifty futures was trading at 23,310, marginally ahead of Friday's Nifty 50 close of 23,290, indicating a muted to positive opening for India on Monday.Asian stocks sank on Monday as traders heavily pared back on bets for Federal Reserve rate cuts this year given a still-tight U.S.

There's a lot of buzz around the US Fed meeting this week. What are your thoughts? We're still of the view that there won't be a cut till September. There will likely be two to three cuts this year and three to four cuts next year. But all of this is predicated on making progress on inflation, and inflation has been a little choppy for the first quarter. At this point, we're subscribing to a soft-landing outcome.

Asian stocks sank on Monday as traders heavily pared back on bets for Federal Reserve rate cuts this year given a still-tight U.S. labour market, while a snap election call in France sparked wider political concerns and weighed on the euro. Trading was thinned in Asia with Australia, China, Hong Kong and Taiwan out for public holidays, but MSCI's broadest index of Asia-Pacific shares outside Japan still slumped 0.46%.

Open access solar installations rose two-fold in India to 1.8 gigawatts during January-March this year supported by several factors, including reduced module cost, US-based Mercom Capital has said. Solar power through open access is an arrangement where a power producer establishes a solar power plant to supply green energy to consumers.

Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a crackdown on Beijing-subsidised imports, the Times reported on Saturday.

voters from Vilnius to Madrid were casting ballots Sunday on the final day of elections for the EU's parliament, with far-right parties eyeing gains at a pivotal time for the bloc.

Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions, according to two people familiar with the matter.

After a period of relative uniformity among major monetary authorities, it’s suddenly fashionable to talk of divergence in the path of interest rates. Unfortunately, this easy description papers over some important—and subtle—differences that have emerged over the past year. Such course corrections are healthy.

US Defence official Elbridge Colby stressed that an attack by China against Taiwan could happen with little warning as China has given up on «peaceful unification», reported Taiwan News.

Sri Lanka, Maldives, Mauritius and the Seychelles to the June 9 swearing in of the next Narendra Modi government reflects the focus on the western and southern Indian Ocean (IOR), where India has been security provider and first responder during crises for decades.

Prime Minister Narendra Modi on his election victory and said it would continue to make efforts for normalisation of the bilateral ties based on "mutual respect, mutual interest and mutual sensitivity". The comments by External Affairs Ministry spokesperson Randhir Jaiswal came as relations between India and China remained frosty in view of the lingering border row along the Line of Actual Control (LAC) in eastern Ladakh.

Chinese air force jets circled a Dutch frigate and approached a Dutch helicopter in the East China Sea in a way that «caused a potentially unsafe situation,» the Netherlands' Defense Ministry said on Saturday.

Elon Musk has congratulated caretaker Indian Prime Minister Narendra Modi for his party and alliance winning the 2024 Lok Sabha Elections in India,“Congratulations Narendra Modi on your victory in the world’s largest democratic elections!" Musk, the chief of Tesla and SpaceX, and owner of social media site X (formerly known as Twitter) wrote.He added that he looks forward to doing “exciting work" in the country, stating: “Looking forward to my companies doing exciting work in India."Track | Lok Sabha Election Results 2024 LIVE Updates hereAlso Read | Elon Musk puts off India visit to ‘later’, Internet says, ‘No rush! We’ll hold off on chai-samosa plans’Earlier in April this year, Musk had delayed his much anticipated visit to India due to “very heavy Tesla obligations". In an April 20 post on X, the billionaire wrote: “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year."At the time it was speculated that Musk was likely to announce nearly ₹3 billion worth of investment in the Indian market, primarily earmarked for the establishment of a new Tesla manufacturing facility in the country.Also Read | ‘Biggest loser’: US entrepreneur slams Elon Musk’s choice of China over India for Tesla manufacturing unitThe next week however, Musk was in China on April 28, Reuters reported.

CATL and Gotion High Tech should be added immediately to an import ban list, a group of Republican lawmakers said, alleging their supply chains use forced labour, the Wall Street Journal reported.

India ranked among the top five cross-border capital destinations globally for land and development site investments in the March quarter with foreign investors backing about 55% of the inflows, said real estate services firm Colliers. Notably, 73% of the fresh foreign investments were aimed at ready assets, according to Colliers' latest Asia Pacific Global Capital Flows report.

Soft side, amid rising mercury Results are out, but mediapersons still sweat hard because of the political temperature as well as rising mercury. To keep them hydrated, chilled water and soft drinks were served outside BJP chief JP Nadda's house. Though water was also provided in the past, soft drinks were a pleasant addition.

Nepal's abundant hydroelectric power is helping the Himalayan nation cut its oil imports and clean up its air, thanks to a boom in sales of electric vehicles

Asian stocks are mixed after a steady Thursday on Wall Street as markets anticipate the key U.S. jobs data that will be revealed later in the day

World stocks are mixed after a steady day on Wall Street as markets anticipate key U.S. jobs data to be revealed later in the day