China Financial News

India Today. Vikrant said he will also travel to China for the film's promotion. “After a long time, something like this happened.

Defence Secretary Lloyd Austin and and his Chinese counterpart Dong Jun held talks in nearly 18 months and discussed US-China defence relations and regional and global security issues, the Pentagon said. In the meeting held via videoconference on Tuesday, Austin stressed the importance of keeping military-to-military communication lines between the US and China open, it said. It is the first time since November 2022 that Austin has held talks with his Chinese counterpart when he spoke with the then defence minister of China Wei Fenghe in Cambodia. Dong was appointed China's Defence minister in December. China then named General Li Shangfu as its defence minister.

Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in the region mainly due to a slump in China markets. The layoffs affect around 13% of the Wall Street bank's Asia investment banking workforce of 400 in the region, according to one of the sources.

Raghuram Rajan said, adding that it is important for the country to enhance its human capital and skillsets, PTI reported. Speaking at a conference titled "Making India an Advanced Economy by 2047: What Will it Take" at George Washington University in the United States, Rajan expressed concern over India's current growth rate. "I think we are in the midst of it (demographic dividend), but the problem is we are not reaping the benefits," he stated.

UN's Office of the High Commissioner for Human Rights (OHCHR) has submitted evidence alleging that China is attempting to reshape the international order by influencing multilateral institutions like the UN. The evidence suggests that Beijing is using its influence to silence discussions on sensitive topics and manipulate reports to align with its priorities, including downplaying issues related to human rights and democracy. The UK Parliament's Foreign Affairs Committee is investigating these allegations as part of its inquiry into international relations in the multilateral system. China is aiming to reshape the rules-based international order to reflect its own priorities by taking over multilateral institutions such as the UN, evidence submitted by a UN whistleblower claims. The evidence presented claims Beijing was influencing votes at the UN to squelch discussions on topics sensitive to it and that it even bribed two General Assembly presidents.

Australia will boost defence spending by A$50.3 billion ($32 billion) over the next decade and reshuffle its weapons programs to emphasise missiles, drones and warships as it looks to the possibility of a Pacific conflict between China and the U.S. The bulk of the new spending, part of a A$330 billion decade-long budget, will only kick in after five years, and ultimately take defence spending to 2.4% of GDP by 2034 from just over 2% today. Announced by Defence Minister Richard Marles on Wednesday, the new funding reflects new priorities, such as long-range missiles, that Australia believes are necessary in a world where a potential conflict between China and the United States could upend the region.

Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers' defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China's growing influence but also wants to maintain lines of communication with Beijing to prevent tensions from spiraling out of control. «The two officials discussed US-PRC defense relations and regional and global security issues,» the Pentagon said in a statement, referring to the People's Republic of China.

Gold prices held steady on Wednesday as safe-haven demand for bullion amid the Middle East conflict partially offset pressure from higher U.S. Treasury yields. FUNDAMENTALS

Asian shares were mixed on Wednesday as the world's most powerful central banker had a change of heart on U.S. rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady at 154.62 per dollar as the risk of government intervention loomed, although so far there has been no action from Tokyo apart from verbal warnings.

₹64.3 crore while in 2021 it was over ₹1,000 crore. Recovery of such fines has only been 0.4% over the past five years. The current framework for fine imposition and recovery must be made more enforcement-oriented.

₹70 crore from Z3Partners as part of an extended Series D round, the company said on Tuesday. In January, Wow! Momo had secured ₹410 crore in Series D funding, led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and existing investor OAKS Asset Management, at a post-money valuation of nearly ₹2,460 crore. “This investment, which marks a continuation of the last round, is a primary investment by Z3Partners, an early-growth tech and digital investor," Wow! Momo said in a statement.

Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub

India may strike a deal with Nvidia to source graphics processing units (GPUs) from the US manufacturer, and offer them to local startups, researchers, academic institutions and other users at a subsidised rate under its ₹10,000 crore Artificial Intelligence Mission, people in the know of the matter said. The plan is at a «very early stage» and a decision is likely to be made after the elections, an official said.

It hasn't been an easy start to the year for investors in the K-pop sector as lower fourth-quarter sales and profits, as well as dating scandals, hit stock prices.

Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser

Also Read: Explained | Why are crude oil prices elevated after OPEC+ policy decision and how will it impact India? Primorsk on the Baltic handled 10 tankers in three of the past four weeks, possibly reflecting a diversion to exports of crude that would have been processed at refineries hit by Ukrainian drones. The port hasn’t handled more than 11 tankers in a week in data back to the start of 2022. Refining rates are languishing near an 11-month low as repairs continue.

Requisite sanction has been procured to prosecute NewsClick founder and Editor-in-Chief Prabir Purkayastha under anti-terror law UAPA in a case where the news portal has been accused of having received money to spread pro-China propaganda, Delhi police told a court here on Tuesday. The prosecution told Additional Sessions Judge Hardeep Kaur that the sanction documents have been filed as a part of a supplementary charge sheet in the case. The judge posted the matter for further hearing on April 30. Under the Unlawful Activities (Prevention) Act, an independent authority makes a recommendation to the competent authority (central or state government) about prosecuting an accused after reviewing the evidence gathered by the investigating agency. It is for the competent authority to decide whether or not to grant sanction.

Paytm Payment Services arm in part due to concerns about a Chinese shareholding in the parent company, according to three government officials and a document seen by Reuters. One 97 Communications, popularly known as Paytm, is already under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments bank in January. The sources indicated this was another reason for the deferral.

UN Security Council to make it legitimate, representative, responsive and effective is through the expansion of the its membership in both the permanent and non-permanent categories. India has been at the forefront, especially leading the Global South, demanding reforms in the United Nations and seeking a place as a permanent member of the 15-member UN Security Council. «India is in favour of the expansion of UN Security Council membership in both the permanent and non-permanent categories, as this is the only way to achieve genuine reform of the Security Council and make it legitimate, representative, responsive and effective,» Ambassador Ruchira Kamboj, India's permanent representative at the UN, said in her remarks in the General Assembly at the sixth round of the Intergovernmental Negotiations (IGN) on Security Council reform late on Monday. «In a nutshell, we need a reformed Security Council that better reflects the geographical and developmental diversity of the United Nations today. A Security Council where voices of developing countries and unrepresented regions, including Africa, Latin America and the vast majority of Asia and Pacific, also find their due place at the horseshoe table,» she said.

The benchmark index for emerging-market equities erased its 2024 advance and the gauge for currencies posted a new low for the year amid signals that global monetary easing will be delayed and China’s economic recovery remains weak.

Shares have skidded in Europe and Asia following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected