China Financial News

Republican presidential candidate Donald Trump claimed without evidence on Thursday that immigrants from Africa, the Middle East and elsewhere were «building an army» to attack Americans «from within,» once again using inflammatory rhetoric about migrants in the U.S. illegally. During a rally in the mainly Hispanic and Black neighborhood of New York City's South Bronx, Trump sought to portray migrants from China, the Democratic Republic of the Congo and other countries as a violent threat, even as studies show immigrants are not more likely to engage in criminality.

Bloomberg reported on May 23, citing sources familiar with the situation.Also Read | West Indies vs South Africa Highlights: West Indies beat South Africa by 28 runsThis new valuation surpasses the $180 billion figure reached during SpaceX's previous tender offer. Also Read | Faked Biden Robocall Results in Charges for Democratic OperativeThe Bloomberg report suggested that the shares could be priced between $108 and $110 each.

human trafficking racket being busted in Andhra's Visakhapatnam recently. Andhra Pradesh police said on Tuesday that around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country."As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers," police were quoted by news agency PTI as saying.Meanwhile, Visakhapatnam Police Commissioner A Ravi Shankar said many people called up Visakha city police whatsapp numbers and sent videos.

Canada Pension Plan Investment Board’s exposure to investments in yuan has fallen by half in just two years, as the money manager pulls back in the world’s second-largest economy because of higher risks.

US Congress, a former top adviser to Dr. Anthony Fauci was found fumbling and providing excuses rather than answering questions directly posed by the committee. This hearing came amidst a series of leaked emails from Dr. David Morens who served as a top adviser to Dr. Anthony Fauci during the COVID pandemic. These emails date to the period during which the US was gripped by a pandemic that brought many cities including New York to a standstill. The US House of Representatives Committee on Oversight and Accountability has conducted the investigation.

Taipei's coast guard warned off Chinese vessels. Beijing commenced two days of war games, dubbed «Joint Sword-2024A», as a «strong punishment» for Taiwan's «separatist acts». They come after the island swore in President Lai Ching-te, who said in his inaugural speech on Monday that Taiwan «must demonstrate our resolution to defend our nation».

Chinese state media have reported that electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries

Dozens of warplanes, multiple destroyers and frigates" of the PLA were spotted encircling Taiwan and its outlying islands. The drills began Thursday morning."The drills are being conducted in the Taiwan Straits, the north, south and east of Taiwan island, as well as areas around the islands of Kinmen, Matsu, Wuqiu, and Dongyin," China state media Global Times reported.It also shared a picture showing the locations where the PLA conducted Joint Sword-2024A exercises on Thursday.This is not the first time China has conducted military drills around Taiwan.

Pixel 8 series appears to be accelerating. According to sources cited by the Economic Times, Dixon Technologies has started trial runs, setting the stage for the first batch of Indian-assembled Pixel 8 smartphones to be available by September potentially.Previously, the Google Pixel 8 series was produced in China and Vietnam.

Rupa Bayor and her being a path-breaking Taekwondo player is just one of the reasons. After all, the youngster from Arunachal Pradesh has spent a better part of her life punching back after being punched hard by life. The most recent demonstration of it was an unprecedented bronze medal in the 8th Asian Taekwondo Poomsae Championships in Danang, Vietnam earlier this month, less than a year after being forced to skip the Asian Games because of denial of visa by China. «I was always a very unyielding and combative person. I could get into a fight at the drop of a hat,» the 23-year-old told PTI in an interview as she talked about what drove her to Taekwondo given that Sippi village in Daporijo circle of Upper Subansiri district in Arunachal Pradesh isn't exactly the cradle of the sport.

growth in the last four months, India’s engineering exports declined in April 2024 by 3.2% to US$8.67 billion primarily due to lower shipments of metals, especially iron & steel and copper. Lower shipment of steel was mainly witnessed in Italy, Nepal, UAE, Netherlands, USA, China, and South Korea among others. Excluding the export of iron and steel, engineering exports recorded a growth of 2.61% during April 2024. A substantial 36.41% decline in exports of Iron and Steel therefore was the single most important reason behind the year-on-year decline in overall engineering exports during April 2024.

Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings

Responsive Industries, a leading manufacturer of PVC products with a 'buy' rating and a 24-month target price of ₹436 apiece, citing long-term growth opportunities in the vinyl tiles. The target price implies an upside of 44% from the stock's latest closing price of ₹302.

In the company's annual results for the year to 31 March 2024, SMT revealed it had parted ways with the Chinese mobile platform over concerns the country's ongoing political and regulatory developments could stifle growth. Scottish Mortgage returns to TSMC for the first time in a decade «The constraints that go with scale for Chinese businesses have increased substantially,» said lead manager Tom Slater. «As a result, it will be difficult for Tencent to meet our more demanding inclusion criteria over the coming years,» Slater said, parting ways with the firm despite having a «massi...

Chinese military drills in the straits of Taiwan in 2023 practiced manoeuvres key to an invasion of the island, although an actual attack was not imminent or inevitable, a senior US general in the region said on Thursday. In the exercises, the People's Liberation Army simulated a maritime and air blockade of Taiwan, amphibious assaults and counter-intervention operations, Deputy Commander of U.S. Indo-Pacific Command, Lieutenant General Stephen Sklenka, said in a speech in Canberra. Sklenka's comments come as Taiwan's military mobilised its forces on Thursday after China started two days of «punishment» drills around Taiwan in what it said was a response to «separatist acts».

Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. The trade, or variations of it, revolves around a bet that Indian stock indices will move within relatively small ranges, according to five participants familiar with the strategy, who asked not to be identified discussing private information. Significant amounts of capital are deployed to scale the derivatives bets in the world’s largest market by number of options contracts traded, the people said.

Lai Ching-te took over as the island’s new president.The drills on Thursday were intended to “serve as a strong punishment for the separatist acts of ‘Taiwan independence’ forces and a stern warning against the interference and provocation by external forces," the official Xinhua News Agency reported, citing a military spokesman.The “external references" line is likely a reference to the US, which is Taiwan’s main military backer. President Joe Biden has repeatedly said the US would defend the democracy of 23 million people if attacked, while China has pledged to bring Taiwan under its control, by force if necessary.The exercises ramp up pressure on Lai, who took office in the island that makes the bulk of the world’s most advanced chips on Monday.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they had to fund some of their moves into China. Once the bank sector starts to move, there is going to be a lot of short covering and there is a lot of buying to make up for some of the positions which have been lessened over the last month-and-a-half particularly by foreign investors. Do you think the quietness in the markets is a pre-election event? Andrew Holland: We seem to be in this range, which everyone has been talking about. But interestingly, I have noticed some of the defence stocks are starting to move and construction companies as well. There is a feeling that, once the elections are through, we are going to see a whole bunch of ordering over the three months afterwards, whether it is for defence contracts or construction contracts.

monetary easing amid sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.

artificial intelligence tools that can suggest perfumes or cosmetics to woo customers and score over rivals in the burgeoning Indian beauty sector.Tira, which was launched by billionaire Mukesh Ambani’s conglomerate in April last year, also uses electronic vending machines in its stores to dispense free samples of skincare products, according to Tejas Kapadia, head of marketing of the year-old startup that has 12 stores across India and a website.“Customers love that and they keep coming back for that," Kapadia said in Tira’s first interview since its launch. The idea is to give a “plethora of experiences" using “some form of AI," he added.

China is sending «lethal aid» to Russia for use in its war against Ukraine, Britain's defence minister Grant Shapps said on Wednesday. «Today I can reveal that we have evidence that Russia and China are collaborating on combat equipment for use in Ukraine,» he said in a speech at a London conference. Shapps warned that NATO needed to «wake up» and bolster defence spending across the alliance.