China Financial News

30.04 / 17:16

markets COST security Tesla information reports Department Tesla to cut hundreds more jobs in Musk cost push

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be «absolutely hard core about headcount and cost reduction.»

30.04 / 16:51

Coca-Cola Volkswagen economy McDonald’s Trade electronic reports Equities on hold as traders await Fed decision

Stocks paused their gains amid a flurry of corporate news and earnings with traders adopting a cautious stance before the Federal Reserve’s policy decision on Wednesday.

30.04 / 16:29

Provident Southern community Photos War patient Winner of $1.3 billion Powerball jackpot is an immigrant from Laos who has cancer

One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week

30.04 / 13:15

COST FIVE Booking Netflix Experts Universities reports '3 Body Problem' Season 2:Work begins, everything you may like to know

3 Body Problem' dominated the streaming industry in March and remained the number one series for two weeks, its second season was planned and work was started though Netflix has not announced it officially. '3 Body Problem' Season 2 will have a new plot, characters, cast members, and turns and twists that will make the series interesting and viewers will remain spellbound.

30.04 / 10:55

markets UPS Career CEO Strategy Department International HSBC chief unexpectedly quits

HSBC Holdings Plc’s Chief Executive Officer Noel Quinn is stepping down, an unexpected move that comes as Europe’s largest lender tries to navigate the deterioration of ties between China and the US.

30.04 / 10:33

markets UPS Provident Target security economy Fed to signal it has stomach to keep rates high for longer

An ancient Chinese proverb that counsels “do nothing, and everything will be done" could sum up the Federal Reserve’s latest approach to interest-rate policy. Fed officials will hold their benchmark federal-funds rate steady at its highest level in more than two decades, around 5.3%, at their two-day policy meeting that begins Tuesday. Firmer-than-anticipated inflation in the first three months of the year has likely postponed rate cuts for the foreseeable future.

30.04 / 08:53

spot bitcoin bitcoin etfs Asia's first spot bitcoin, ether ETFs start trading in Hong Kong

Hong Kong on Tuesday launched trading of Asia's first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city's race to become a regional virtual asset investment hub. The debut comes three months after the United States gave the greenlight to ETFs pegged to bitcoin's spot price, making it easier for mainstream investors to add the unit to their portfolio.

30.04 / 08:51

markets Trade country reports Crude oil prices set to end April flat amid easing Middle East tensions

Also Read: Oil prices decline amid Israel-Hamas peace negotiations, Fed rate cut hopes As of now, Brent crude futures have seen a modest increase of 0.26% in April, while WTI crude futures have experienced a slight decline of 0.55%. Crude prices surged sharply in mid-April, reaching their highest level since October, driven by Iran's unprecedented attack on Israel in retaliation. This was seen as a response to a suspected Israeli strike on the Iranian Consulate in Damascus, Syria, earlier in the month.

30.04 / 08:51

markets Provident economy awards country International Political risk insurance:Expand its coverage to help Indian businesses go global

International news in India at the beginning of 2024 was dominated by a publicized phase of diplomatic tension between India and the Maldives following Prime Minister Narendra Modi’s visit to the Union territory of Lakshadweep. This was followed by an order by the government of Maldives asking Indian troops to leave the archipelago nation. However, this wasn’t the first time the relationship between the Maldives and India has been disturbed.

30.04 / 08:07

Citi ETF BlackRock HANS Bitcoin Spot ETFs Hong Kong ETF Issuers Anticipate $300 Million First-Day Inflows: Bloomberg

Issuers are expecting approximately $300 million in combined first-day inflows for the six new Hong Kong spot-crypto ETFs, with a preference for Bitcoin funds.

30.04 / 07:53

Bitcoin Etf ethereum etf Hong Kong Launches Asia’s First Spot Bitcoin and Ethereum ETFs

The Hong Kong Stock Exchange today announced the launch of new spot Bitcoin and Ethereum exchange-traded funds (ETFs).

30.04 / 07:13

markets UPS Ethereum ETF CEO Trade Bitcoin Bitcoin rises over $63.3k amid Hong Kong ETF launch; Altcoins witness volatility

These debuts mark the first launch of spot cryptocurrency ETFs in Asia, coming just three months after the U.S. introduced its first ETFs to track spot bitcoin.

30.04 / 05:23

UPS ICE Trade performer Updates mountaineering Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say

Also Read | India's crude oil consumption up 4.6% in FY24, output rises marginally at 0.6%, imports steady: PPAC Shell will perform ship-to-ship transfers to move about four 500,000-barrel cargoes of Access Western Blend (AWB) onto a Very Large Crude Carrier and ship the oil to the Sikka port, the sources said, where Reliance operates the world's biggest refining complex. Also Read | OPEC cuts and geopolitical tensions propel Brent crude up by over 13% in 2024; central banks face inflation challenge One of the sources said the deal was done at $6 a barrel discount to September ICE Brent on delivered basis.

30.04 / 05:23

COST UPS Provident Citizens Sustainability rights Relationships AI hogs energy and its regulation must take its climate impact into account

India is undoubtedly a leading country in the deployment of artificial intelligence (AI) systems. A recent survey on cloud complexity by NetApp, a data infrastructure company, revealed that 70% of firms in India have AI projects up and running, as against 53% in the US, and that 91% of the companies in India plan to use their data to train AI models, as against a global average of 62%.

30.04 / 03:51

markets economy McDonald’s trends country reports International McDonald’s supersizes China bet as corporate America pulls back

HONG KONG—Some U.S. consumer brands in China are struggling with tepid consumer demand and a trend toward nationalist buying. McDonald’s is leaning in.

30.04 / 03:33

Best Crypto top crypto gainers today dexscreener Top Crypto Gainers Today on DEXScreener – THREE, $SWIPES, AMERICA

As Bitcoin (BTC) pushes back to the north of $64,000 on anticipation that the imminent launch of spot Bitcoin and Ether (ETH) ETFs in Hong Kong might inject fresh bullish impetus into the crypto market, on-chain markets are heating up and attracting traders in droves as they hunt for top crypto gainers today.

30.04 / 03:05

markets UPS security Research trends Trade recommendations Nifty 50, Sensex today: What to expect from Indian stock market in trade on April 30

Sensex surged 941.12 points, or 1.28%, to close at 74,671.28, while the Nifty 50 settled 223.45 points, or 1%, higher at 22,643.40. Nifty 50 formed a long bull candle on the daily chart, beside the long negative candle of Friday. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, rally in Tesla shares to China PMI “Technically, this pattern indicates a counterattack of bulls and a negation of previous bearish pattern of dark cloud cover of Friday.

30.04 / 03:05

markets security Tesla Trade information Updates Stock market today: Biocon, Vodafone Idea stocks under F&O ban list on April 30

F&O ban list: A total of two stocks have been banned for trade on Tuesday, April 30, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

30.04 / 01:27

COST UPS Waters Strategy President reports Videos Will Maldives Islands sink by 2100? Mohamed Muizzu's govt pins hope on 'creating new land' but at a cost

Nature cited scientists as predicting that the islands in the Maldives could be completely submerged by 2100. “The Maldives is also one of the countries most vulnerable to sea-level rise," the article read. It added that 80 percent of its islands are less than one metre above sea level, and less than one percent of the area in the island nation is actually land.

29.04 / 22:21

Provident Southern Photos War patient Schools Winner of $1.3 billion Powerball jackpot is an immigrant from Laos who has cancer

$1.3 billion Powerball jackpot last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie" Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them.

29.04 / 21:45

MET CEO Software Tesla show reports Tesla's stock leaps on reports of Chinese approval for the company's driving software

Shares of Tesla stock have rallied after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software

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