China Financial News

Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS, believes that BJP not winning 400 seats will not be negative for the market at all. A stable and predictable political regime is most important right now. Therefore, irrespective of the outcome, it won't significantly affect the market, he explained.

China is the runaway leader in supplying the world with the hardware to gather solar power

President Joe Biden and Donald Trump agree on essentially nothing, from taxes and climate change to immigration and regulation

Hong Kong’s leader says his government will keep monitoring for any non-compliance with a court order that bans a popular protest song

Stocks that traded heavily or had substantial price changes on Tuesday: Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise

Indian Navy must remain combat ready at all times to safeguard national maritime interests, Navy Chief Admiral Dinesh K Tripathi has said amid China's increasing forays into the Indian Ocean and volatile situation in the Red Sea. In an address to officers posted at the naval headquarters here, he delved into the current security environment in the strategic waters and consequent actions required by the Navy. He emphasised that as the primary manifestation of India's maritime power, the «raison d'etre of Indian Navy is to remain combat ready at all times to safeguard national maritime interests anytime, anywhere, anyhow». In his remarks to the officers on Tuesday, the Navy chief reiterated the unwavering commitment of the Indian Navy towards the government's Aatma Nirbharta (self-reliance) initiative.

Realme GT 6T livestream will be available on the company's official YouTube channel from 12 noon today. However, to save you the trouble, we have also included a link to the live stream of the launch event below. The Realme GT 6T is likely to be a rebranded version of the Realme GT Neo 6 SE, which was launched in China last month.

United States is on track to establish a domestic rare earths supply chain to meet its defence needs by 2027, a senior defence official said on Wednesday. The U.S has been driving the build out of a global supply chain for rare earths, metals used in magnets for green energy industries and defence, beyond dominant producer China since COVID upended global supply chains early this decade. «We are on track to meet our goal of a sustainable mine to magnet supply chain capable of supporting U.S. defence requirements by 2027,» Assistant Secretary of Defense for Industrial Base Policy Laura Taylor-Kale said at a mining conference in Perth.

Gold prices were steady on Wednesday and hovered above key $2,400 level touched earlier this week, supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve later this year. FUNDAMENTALS

China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market.

MUMBAI : With silver trading at higher than ₹90,000 a kg on commodity bourse MCX, market stakeholders warn that any increase toward the psychological ₹1 lakh level could result in a profit-booking spree. The white metal has risen 26% from ₹73,501 a kg to a record ₹92,475 in the year-to-date, MCX’s spot price index shows.

Alphabet had announced in October last year that it will make Google Pixel smartphones in India. It's the only large global smartphone brand that was missing from the make-in-India drive in smartphones. Dixon's Pixel capacity will be 100,000 units per month with 25-30% to be exported as it makes a fresh attempt to gain market share in India, the world's second largest smartphone market. The Pixel 8 model accounts for almost 80% of all Pixels sold in India, executives said.

The latest ETF survey from Brown Brothers Harriman reveals significant growth and evolving trends in the ETF market, with active strategies and thematic allocations taking center stage.

Hong Kong police arrested on Tuesday three individuals linked  to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) through fake virtual investment talk tickets.

Amazon prime day sale 2024 in USA is all set to take place in a few months. Amazon has announced that Prime Day 2024 will start in the US. Apart from the US, Amazon prime day sale 2024 will take place in Canada, the UK, Australia, Brazil, China. Amazon prime day typically means 48-hour non-stop sales event. Amazon has been holding the event since 2015.

commodity prices, the 15 constituent Nifty Metal index crossed the 10,000 mark for the first time ever in Tuesday’s session, before closing nearly 4% higher at 9,981. The Nifty Metal index has been on a rising spree, making new highs since the second half of 2023. The index also made new all-time highs in 5 consecutive trading sessions.

Geely Auto which was then known for making knock-offs of Western cars models. Today, Geely has a global footprint and is known for innovation just as other bigger Chinese car makers such as BYD Co. are gearing to outcompete Western companies. A new chapter in this success story is of Xiaomi Corp., once known for making cheap smartphones. It has evolved into an electric-vehicle maker and aims to compete with Tesla. Just when Xiaomi announced its entry into the car market, Apple, the tech giant of the West, took a step back: it cancelled its EV project. The two happenings might show how Chinese companies are getting more aggressive while the US companies falter on technological evolution.

Alibaba's cloud division announced substantial price cuts, slashing costs by up to 97 percent on various Tongyi Qwen LLMs. For example, the Qwen-Long model's price dropped to just 0.0005 yuan per 1,000 tokens, a significant reduction from the previous rate of 0.02 yuan per 1,000 tokens. Baidu quickly followed suit, declaring that its Ernie Speed and Ernie Lite models would be available at no cost for all business users, just hours after Alibaba's announcement.

PeepalCo’s latest offering Lemonn has launched Mutual Fund investment service on the app to help new investors diversify their investments. This marks a significant step towards the company’s goal of evolving into a comprehensive wealth-tech player.

“This is 1938," historian Timothy Snyder said at a weekend conference in Estonia. He warned that a Ukrainian defeat would shift the calendar to 1939. Many Americans still don’t fully grasp how serious the international situation has become.

human trafficking racket busted here recently, Andhra Pradesh police on Tuesday said 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 said. Visakhapatnam Police Commissioner A Ravi Shankar noted that these trafficked Indians caused large scale riots in Jinbei and Compound, Sihanoukvile in Cambodia, which is allegedly a hub for cyber crime. «Many people called up Visakha city police whatsapp numbers and sent videos. Yesterday (Monday), around 300 Indians 'revolted' in a large scale against their handlers in Cambodia,» said Shankar in a release.