China Financial News

Frank McCourt, a real estate mogul with ambitions to improve the web, on Wednesday said he plans to build a consortium to bid for short-form video platform TikTok's US business. McCourt, a former owner of the Los Angeles Dodgers and executive chairman of investment firm McCourt Global, is an unlikely contender for the ByteDance Ltd-owned app. TikTok's US assets were valued at $35 billion to $40 billion by Bloomberg Intelligence analysts.

Vladimir Putin says the Kremlin is prepared to negotiate over the conflict in Ukraine, in an interview with Chinese media on the eve of visit to partner Beijing that has backed Moscow in its full-scale invasion of its neighbour. «We are open to a dialogue on Ukraine, but such negotiations must take into account the interests of all countries involved in the conflict, including ours,» Putin was quoted as saying by Xinhua news agency on Wednesday.

Chinese police in Sichuan province apprehended some suspects of an underground banking scheme on May 15 for allegedly facilitating illicit foreign exchange transactions involving about $2 billion worth of Tether’s USDT.

Nord 4 is poised to harness the power of the Qualcomm Snapdragon 7+ Gen 3 chipset, while its counterpart, the Nord CE 4 Lite, is slated to operate on the Qualcomm Snapdragon 6 Gen 1 SoC. Notably, whispers hint at an OLED display for the Nord CE 4 Lite, adding allure to its anticipated features. Although official confirmation remains elusive, a flurry of certification listings, including sightings on Singapore's IMDA website and India's BIS certification site, hint at an impending launch for the Nord CE 4 Lite.

Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China’s second-largest market for auto exports. Warren Buffett-backed BYD, the world’s biggest maker of electric vehicles, said Tuesday that it would sell the midsize Shark at prices starting at 899,980 Mexico pesos ($53,407) for its GL model and MXN969,800 for its upscale GS version. BYD didn’t specify when deliveries would begin or say whether it had begun taking orders.

₹15 lakhs and where that 2 crore employment opportunities are. What kind of guarantee was that? Chinese..." Earlier today, Shah, told news agency ANI, "I called it 'Chinese guarantee' on the basis of their durability...Those guarantees hold no meaning. They say that during elections and then forget about it." “I called it 'Chinese guarantee' on the basis of their durability...I was in Telangana recently.

hot and dry season to a rainy season. As the monsoon progresses northward, relief from scorching summer temperatures is experienced over the areas," the Indian Meteorological Department said in a release on Saturday.

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cyber activities originating from China. These activities, primarily carried out by Chinese threat actors, have expanded beyond targeting regional adversaries to encompassing global powers, notably including the United States and India. This escalation is indicative of a strategic shift, showcasing China's increasing involvement in cyber operations and influence campaigns on a global scale. Microsoft's Identification of Chinese Cyber Espionage Groups

Japan and the United States are planning to develop interceptors to shoot down hypersonic missiles by the 2030s under a contract signed by the two countries on Wednesday. The plan, which will reportedly cost more than $3 billion, was first announced in August when the nations' leaders met at a summit with South Korea in Camp David outside Washington. «In recent years, around Japan, missile-related technologies such as hypersonic weapons have improved dramatically,» the defence ministry said in a statement about the agreement to jointly develop the so-called Glide Phase Interceptor (GPI).

China will allow visa-free entry for foreign tour groups that come to the country via cruise ships in a further bid to attract international visitors and boost its sluggish inbound travel market. Overseas tour groups on cruise boats will be able to enter and stay in China without a visa for up to 15 days, according to the National Immigration Administration. The new policy will be effective from May 15. Tour groups can enter China from 13 ports including Shanghai, Qingdao, Dalian and Haikou, Mao Xu, a senior official with the immigration administration, said at a press conference in Beijing on Wednesday. Qualifying tour groups need to be received and handled by domestic travel agencies and will be allowed to travel to coastal provinces as well as the capital, Beijing, while they are in China, Mao said.

Aarti Industriesshare price declined more than 5% in intraday trades on Wednesday while Gujarat Fluorochemicals share price declined more than 2%. Share prices of PI Industries and Navin Fluorine International also saw intraday corrections of more than 1% hile global concerns persist, positive is that UBS Research has initiated coverage on these chemical companies with a positive view on the sector. While they remain Bullish on PI Industries Ltd and Navin Fluorine International Limited, though they have sell ratings of Aarti industries and Gujarat Fluorochemicals.

₹996.65 apiece on Wednesday. Earlier this week, the company reported a 14% quarter-on-quarter drop in its consolidated Ebitda (earnings before interest, tax, depreciation, and amortization) to ₹2,444 crore during the three months ended March (Q4FY24). A decline in steel prices and an increase in some cost items weighed on profitability despite higher volumes.

Joe Biden on Tuesday implemented 100% tariffs on various Chinese products, including electric vehicles, advanced batteries, solar cells, steel, aluminum, and medical equipment. Throughout this decision, Biden criticised Donald Trump's previous approaches and argued that Chinese government subsidies give their companies an unfair advantage in global trade by allowing them to operate without the need for profitability. Also Read: China warns new US tariffs to ‘severely’ impact relations: Report However, an old tweet from 2019 by President Joe Biden, criticizing then-President Donald Trump's imposition of tariffs on $300 billion worth of Chinese imports, is resurfacing amid Biden's recent decision to implement significant tariffs on various Chinese products.

India-Maldives Relations: India has dismissed claims made by Maldivian Defence Minister Ghassan Maumoon, who alleged that Indian military helicopter pilots in the Maldives conducted an unauthorised operation in 2019. In a post on the social media site X (formerly known as Twitter), the High Commission of India in the Maldives issued a statement asserting that Indian aviation platforms in the Maldives have always operated according to “agreed procedures and with due authorisation." “Indian aviation platforms in the Maldives have always operated as per agreed procedures and with due authorization from MNDF.

dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.

Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

BEIJING — As China's economy moves into the second quarter of the year, a few indicators are pointing to sluggish growth ahead if things don't turn around, raising expectations for monetary policy easing.

ArcelorMittal Nippon Steel (AM/NS) India, a prominent steel manufacturer with an integrated steel plant at Hazira in Gujarat. “The apprehension is that other mills from FTA countries and China may also get a renewal of their licences for exporting to India," analysts at market intelligence & consulting firm BigMint said, adding that this was a worrisome factor for Indian mills. AM/NS’s Dhar added that with India now available as an option, Vietnamese steelmakers will see the country as a lucrative avenue to dump excess production.

content is taking centre stage on over-the-top (OTT) platforms in India as streamers look to ape the traditional TV model of offering diverse content slate that caters to different age groups and demographics, amid the summer vacation for schools and colleges. With a fan base of 180 million and growing, India is poised to become one of the most significant markets for anime content in the world after China even as the global popularity of anime, which has its roots in Japan, is on the rise. Anime market in India is projected to grow at a compounded annual growth rate (CAGR) of 13% from 2024 to 2030, driven by factors such as Japanese pop culture, global media exposure, and demand from millennials and Gen Zs, as per the US-based Grand View Research.

Brookfield Asset Management Ltd. and Qatar’s sovereign wealth fund continue to explore investment opportunities in China even as some other investors pull back from the world’s second-largest economy.