China Financial News

In a letter to investors seen by Investment Week, the firm said the CRUX China fund would close on 30 April after it became too small to be economically viable. According to the latest factsheet, the fund had dwindled to an AUM of £0.8m.  Meanwhile, the closure of the CRUX Asia ex-Japan fund followed a period of underperformance, which led to a reduction of AUM, making the fund no longer commercially viable. According to the latest factsheet, the fund AUM had shrunk to £49.4m. Lansdowne Partners buys CRUX Asset Management The factsheet also revealed the fund is down 2.8% year-to...

Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts have turned to stablecoins.

Russia and Uzbekistan have signed an accord for Moscow to build a small nuclear power plant in the Central Asian country

Japanese automaker Toyota introduced plans to cast a futuristic spin on the traditional internal combustion engine

₹35,000 crore in May so far. This move is attributed to multiple factors, including high valuations in the Indian market, a shift in investment focus towards China and Hong Kong due to their comparatively lower valuations, delays in anticipated interest rate cuts by the US Federal Reserve, rising US bond yields, heightened tensions in the Middle East, and the strength of the US dollar.Despite these significant outflows, the Indian stock market has displayed remarkable strength and resilience.

Gulzar Natarajan and I wrote that nations may be ill-advised to rely on private capital for the investments they need to make to deal with climate change. However, Brett Christophers takes this argument further in his book, The Price is Wrong: Why Capitalism Won’t Save the Planet. He delves into why private capital, despite its potential, will not invest enough in renewable-energy generation capacity for the planet to achieve its goal of limiting temperature increase to 1.5° Celsius above pre-industrial levels.

Shares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday

Nigeria’s government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country’s lithium, a critical mineral used in batteries for electric vehicles, smartphones and power systems

A prosecutor told jurors at a fraud trial's start that a self-exiled wealthy Chinese businessman became an internet sensation and conned thousands of people worldwide out of $1 billion

The U.S. State Department has set up an eight-person team known as “the firm” to provide help to countries cut off from Chinese trade

₹4 crore.As part of the transaction, Honasa will acquire, apart from formulation expertise, the R&D labs as well as CosmoGenesis’ nano-manufacturing facility. “This is something that further strengthens our ability to innovate and bring the right kind of products to the consumers. Rohini Manoj (founder) will be joining us as vice president of research and development.

Inflation in the US saw a slower-than-expected rise in April, with the consumer price index (CPI) increasing by 3.4% year-over-year, according to the latest data. The core CPI, which strips out the volatile food and energy sectors, softened for the first time in six months.

NALCO, a PSU firm engaged in alumina and aluminum manufacturing and sales, soared 6.1% to reach a historic peak of ₹206.30 apiece in early morning trading today, driven by the company's robust performance for Q4 and the full fiscal year (FY24).On Monday, the company reported a 101% YoY surge in its consolidated profit to ₹996.74 crore for the March quarter, propelled by a significant drop in expenses, which declined by 14% YoY to ₹2,720 crore in Q4. This starkly contrasts with the net profit of ₹495 crore reported in the corresponding period last year.Also Read: How does the BSE 500 index offer exposure to a wide basket of stocks?For FY24, it reported a PAT of ₹1,988 crore, a 38.63% improvement compared to the previous fiscal year's PAT of ₹1,434 crore.

death of Iran’s president and the escalating war in Gaza, prices of Brent crude, the global benchmark, have stayed within $2 of $82 a barrel since the start of May. Part of the reason why OPEC is failing to keep prices high is because its members are failing to keep to their output targets. In March the group’s leaders and Russia extended production cuts, vowing a reduction of 2.2m barrels a day (b/d), or 2% of global supply, until the end of June, on top of 3.7m b/d of previously agreed cuts for 2024.

A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption.

Hong Kong: During President Vladimir Putin's visit to China in mid-May, he said Russia and China are «jointly committed to promoting the establishment of a more democratic multipolar world order». To countries that do consider themselves democratic, Putin's notion was laughable, for both China and Russia are ruled tightly by autocratic rulers who have no intention of losing their grip on power. In fact, Professor Steve Tsang, Director of the SOAS China Institute at SOAS University of London, told ANI, «The biggest challenge China faces in governance terms is the concentration of power in Xi's hands.»

Gold prices were steady on Tuesday, as investors maintained a cautious stance ahead of key U.S. inflation data, which could provide more insight into the Federal Reserve's policy trajectory. FUNDAMENTALS

With the Joe Biden administration imposing massive new tariffs on Chinese-made electric vehicles, some experts argue that a American-style tariff may not make sense for Canada.

China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth. The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.

RJD leader Tejashwi Yadav on Monday said Bihar Chief Minister Nitish Kumar's goof-up in wishing another «CM term» for Prime Minister Narendra Modi showed a «sense of imminent defeat» in the NDA camp. Yadav was referring to the JD (U) supremo's gaffe at an election rally in Patliputra Lok Sabha seat on Sunday, when he wished Modi, who was at the helm of Gujarat before becoming the PM, to become 'mukhya mantri' (chief minister) once again. Other leaders present on the stage realised the gaffe, following which he corrected his statement. «Dil ki baat zubaan pe aa jaati hai (what was in his mind slipped out of his mouth). What the CM said is correct… Modi ji is not going to become the PM again,» Yadav said while addressing a rally in Jagdishpur with Congress leader Rahul Gandhi sharing the stage. «We know that our respected chacha ji (Nitish) wants from his heart that BJP is removed from power at the Centre so that Bihar develops without any bias. We are taking forward his campaign. Nitish ji used to say earlier that those who have come in fourteen (2014) will go in twenty-four (2024)… Modi-led NDA will be completely routed,» Yadav said.

PTI, "And what does Modi do? Play the tabla?"Rabri Devi, RJD's founding president and Lalu Prasad Yadav wife, stated that citing defeat in the Lok Sabha polls, the BJP-led NDA had ‘gone crazy and taken to blabbering’.ALSO READ: Modi says INDIA bloc performing 'mujra' for vote bank; Priyanka Gandhi quips 'no PM ever used such words'On being asked to comment by PM Modi who alleged the INDIA bloc was receiving support from 'jihadis' sponsored by Pakistan, She said, "If it is indeed so, what are the intelligence agencies doing? And before indulging in the dog whistle over Pakistan, they should remember one of their tallest leaders Lal Krishna Advani, who went on to become the deputy prime minister, was born in that country."Slamming the PM from making such comments, All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi said the PM was doing disco dance with China when the latter's troops reportedly captured around 2,000 square kilometres of the Indian territory.He took to X and wrote, "@narendramodi Ji, you talked about Mujra, so Asaduddin Owaisi wants to ask you that for the last 3 years, China has occupied 2 thousand square kilometers of Indian land, Modi ji, you are not removing China, so were you doing Disco Dancing with China?"ALSO READ: Tejashwi Yadav, TMC, other opposition leaders condemn PM Modi's 'mujra' remarks: 'Take him to the doctor'"Is this the type of language the prime minister should use? Does Modi think we do not have mouth to speak? (humaare munh mein zabaan nahin hai kya)," Owaisi said.