China Financial News

Boeing said on Tuesday it had delivered 29 airplanes in March, down more than half from the 64 delivered in the same month a year ago, as 737 MAX production slipped on increased quality checks and audits by regulators. Boeing has said it is producing fewer MAX single-aisle jets to improve manufacturing quality after the Jan. 5 mid-air blowout of a door plug on a 737 MAX 9 jet brought the U.S. planemaker under increased scrutiny from regulators.

Reuters as saying that Russian Foreign Minister Sergei Lavrov's visit to Beijing could be seen as preparation for "upcoming contacts at the highest level." ALSO READ: China Providing Geospatial Intelligence to Russia, US Warns "Indeed, such contacts are planned and there is an understanding of their expediency and necessity, given the high level of friendly relations between the Russian Federation and China," Peskov told reporters. ALSO READ: Yellen Threatens Sanctions for China Banks That Aid Russia War "But we still consider it premature to specify any time frames.

Bloomberg report, the Indian stock market is blooming thanks to the foreign funding and Centre's new trade deals. The youthful market of 143 crore Indians is attracting international manufacturing bigwigs, who once clustered around southern China. Aircraft makers such as the Boeing Inc are taking record orders from Indian arlines such as Air India and IndiGo, while the tech gaint Apple Inc is scaling up production of India-made iPhones.

Russia and China have pledged to deepen their growing alliance and shared opposition to what they describe as the U.S.’s attempts to dominate the world order, with Moscow again seeking to boost trade with Beijing as it looks for new ways to bypass the Western sanctions imposed for its war on Ukraine. Russia’s Foreign Minister Sergei Lavrov met with Chinese leader Xi Jinping in Beijing on Tuesday after the U.S.

Arunachal Pradesh east constituency on Tuesday, the Bharatiya Janata Party leader acknowledged that China changed names of 30 places in the state and said it will not change the ground reality. Asserting that Arunachal Pradesh is an integral part of India, the Defence Minister said that such activities of China are the reason the relation between the two countries will deteriorate. “I want to ask China if we change the names of various states of the neighbouring country, will those be parts of our territory? Atal Bihari Vajpayee used to say that friends change in life but neighbours do not change.

Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal. «The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),» Alok Sahay, secretary general of apex industry body Indian Steel Association (ISA) said. Looking at the situation, it is very important to arrest predatory imports, he said and demanded for a trade remedial action on an urgent basis to arrest the inbound shipments.

Rajnath Singh on Tuesday criticised China for renaming several places in Arunachal Pradesh, and wondered whether a similar attempt by India will result in those areas of the neighbouring country becoming «parts of our territory». Addressing an election rally at Namsai in Arunachal Pradesh East Constituency, Singh said China's move to change names of 30 places in the northeastern state will not change the ground reality. Arunachal Pradesh is an integral part of India, he asserted. «I want to ask China if we change the names of various states of the neighbouring country, will those be parts of our territory? Because of such activities, the relation between India and China will deteriorate,» Singh said.

Dixon Technologies has said it plans to buy a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings, to expand its business. Dixon will initially acquire 50.10% stake for Rs 238.36 crore in an all-cash deal while additional acquisition will be done in FY27 for an aggregate consideration, which shall be decided on the basis of a valuation of 20 times of profit after tax of Ismartu for FY26, Dixon said in a regulatory filing late Monday. Dixon added that upon successful acquisition of the second tranche of shares, it will hold an additional stake between 1.60% to 5.90% in Ismartu India.

A banner running down the side of the European Commission’s headquarters in Brussels depicts cartoon workers recladding its 13-floor façade with solar panels. The illustration might come across as a cruel joke to residents of the Belgian capital, for whose leaden skies the phrase “fifty shades of grey" could have been coined. But thanks to green edicts devised by the Euro-wallahs at the commission, the continent’s fields and rooftops are being paved with very real photovoltaic cells.

BSE Sensex achieved a record-breaking level of 75,124, and the Bank Nifty ascended to a new peak of 48,940. Meanwhile, analysts also noted that today's rally is broad-based, with the small-cap index nearing its all-time high and the mid-cap index reaching a new pinnacle at the 41,172 mark.

Tesla has decided not to pursue their Model 2, their low-end car because they don’t think they can compete with the low-end Chinese cars," Eberhard said in an interview with Bloomberg TV at the summit. “I think that’s a shame, they might want to rethink that.

Ever since she ate mushrooms that can have psychedelic effects in Beijing last July, Janet Yellen has united Americans and Chinese in wanting to know what she will eat next

Prime Minister Justin Trudeau received briefings about foreign interference allegations related to former Liberal MP Han Dong’s riding before the 2019 election, a new document shows.

Musk discussed various topics, including the constraints faced by AI due to electricity availability. During the interview with Nicolai Tangen, CEO of Norway's wealth fund, Musk shared insights into the progress of Grok, an AI chatbot developed by his xAI startup. He mentioned that the next version of Grok is anticipated to be trained by May but highlighted the challenges due to a shortage of advanced chips.

₹915.00. In the past 1 day, the Mentha oil rate on MCX has decline 0.6% from ₹925.70 to ₹915.00.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.

metals prices extended their gains on Tuesday with expectations of a worldwide manufacturing rebound, while Asian shares crept up a little more cautiously ahead of this week's U.S. inflation data and a crucial European Central Bank meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei rose 0.6%.

Gold prices edged up on Tuesday, hovering slightly below a record high as investors awaited the U.S. Federal Reserve's policy meeting minutes and key inflation data for cues on the timing and depth of interest rate cuts.

Gland Pharma, Axis Bank, Tata Motors, UCO Bank, Jana SFB among others will be in focus due to various news developments. Axis Bank Private equity firm Bain Capital is likely to sell 33.4 million shares of Axis Bank through a block deal on Tuesday, according to reports.

Panama Papers" money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.

US Federal Reserve are fueling a record-breaking rally in precious metals. The precious metal could gain by another 10-15% from current levels, said experts. Silver contracts, which have risen by more than a tenth in a week, touched a lifetime high of ₹82,109 per kilogram on the MCX on Monday. Both gold and silver trying to breach their multi-year highs indicates that a bull market is in force for precious metals, and historically, silver has outperformed gold in such situations, said Sahil Kapoor, market strategist at DSP Mutual Fund. «Conditions are favorable. A breakout is happening after many years, and if you have already allocated to silver, stay put, and if not, you should allocate and wait,» he said. While the precious metal typically moves in tandem with gold prices, it also takes cues from base metal prices because of its usage across several industries including electronics, batteries and semiconductors. Base metal prices have seen a recent rally following encouraging manufacturing data from China. «Middle East tensions and China's heavy buying drove silver's demand, pushing prices up. Meanwhile Fed's Powell last week hinted at cautious rate cuts, influencing silver's long-term bullish outlook,» said Naveen Mathur, director for commodities and currencies at Anand Rathi Shares and Stock Brokers. The demand for silver is expected to grow 1% globally to 1.2 billion ounces in 2024, while supply is seen rising 3% to 1.02 billion ounces, the Silver Institute said in a report earlier this year.

The global labour market is in the midst of a gradual but significant transformation. Driven by a dramatic collapse in birth rates, impeded globalization, changes in the capital intensity of growth, a preference shift towards fewer work hours, initial use cases of artificial intelligence (AI) and societal angst over immigration, labour market dislocations have already begun and are only about to go further out-of-whack with time. The manifestations and initial responses are different, country by country, but the meta phenomenon is a major upheaval in labour markets that will necessitate responses.