China Financial News

Asian shares are mostly declining after Wall Street broke its record-breaking run-up

Rahul Gandhi will file his nomination papers in Wayanad for the upcoming Lok Sabha elections 2024 today on April 3. The Congress leader will also hold a roadshow in the constituency that he won in 2019 Lok Sabha elections with a margin of over four lakh votes. Rahul will arrive by helicopter at Muppainad village, and will travel by road till Kalpetta, the Congress party said.

SRF is one of the leading multi-business chemicals conglomerates, engaged in the manufacturing of industrial and specialty intermediates. The chemicals business faced challenges in the last few quarters amid a seasonal dip in demand for refrigerants and inventory destocking in agrochemicals and order delays.

earthquake off the coast Taiwan with a magnitude of 7.2 rocked the entire island on Wednesday morning, collapsing buildings in a southern city and creating a tsunami that washed ashore on southern Japanese islands.Taiwan television stations showed footage of some collapsed buildings in the lightly populated eastern city of Hualien, near the quake’s epicentre, and media reported some people were trapped. A five-story building appeared heavily damaged, collapsing its first floor and leaving the rest leaning at a 45-degree angle.In the capital, Taipei, tiles fell from older buildings and within some newer office complexes.

Xiaomi on Thursday said it has received more than 100,000 orders for its first electric vehicle, the SU7, as it began deliveries. The first deliveries come from the first batch of 5,000 cars that the company has already produced. Xiaomi's SU7 — short for Speed Ultra 7 — enters a crowded China EV market with an attention-grabbing price tag — under $30,000 for the base model, cheaper than Tesla's Model 3 in China.

dollar was on the front foot on Wednesday, pinning the yen near its lowest its decades though the heightened threat of currency intervention by Tokyo capped further declines in the Japanese currency. The yuan was steady after a private-sector survey showed that China's services activity growth accelerated in March, in a sign sentiment was staging a tentative recovery in the world's second-largest economy.

Jawaharlal Nehru and claimed that past errors were responsible for contemporary issues such as the Pakistan Occupied Kashmir (POK) and China's occupation of certain Indian territories. During his address at the Gujarat Chamber of Commerce and Industry in Ahmedabad, Jaishankar referenced a historical instance when India was offered a permanent seat in the UN Security Council, highlighting Nehru's alleged statement of "India second, China first." Addressing the audience at the Gujarat Chamber of Commerce and Industry, Jaishankar responded to the query regarding whether India should accept the status quo of Pakistan Occupied Kashmir (POK) and territories occupied by China, or pursue efforts to reclaim them.

Read the full story here.)Sensex Today Live : Indian stock markets were likely to open on a negative note, tracking falls in global peers as markets digested the risk of a longer wait for rate cuts by the US Federal Reserve.The Gift Nifty futures, at 22,455, at 7:56 am, were below Tuesday's Nifty 50 close of 22,453.30, indicating a slow start for Indian benchmarks.Asian shares tracked Wall Street lower on Wednesday as U.S. yields held near four-month highs, while a powerful earthquake in the region raised concerns about possible disruptions to the vital chip-making industry.Markets are also pondering the risk of slower rate cuts ahead of U.S.

Biden raised concerns over China's support for Russia's defence industrial base and its impact on European and transatlantic security."He raised concerns over the PRC’s support for Russia’s defense industrial base and its impact on European and transatlantic security, and he emphasised the United States’ enduring commitment to the complete denuclearization of the Korean Peninsula," the White House reported. "If the United States insists on suppressing China's high-tech development and depriving China of its legitimate right to development, we will not sit idly by," Xi warned, according to Chinese state media. Biden also refused to back down on TikTok, the blockbuster Chinese-owned app that Congress is threatening to ban unless it changes hands, with Kirby saying Biden insisted he wanted to protect Americans' data security.

A Biden administration-appointed review board has issued a scathing indictment of Microsoft corporate security and transparency

TikTok and its ownership came up as a topic of conversation in the call between US President Joe Biden and his Chinese counterpart Xi Jinping on Tuesday, the White House said, adding Biden raised American concerns about the app's ownership. In March, the US House of Representatives overwhelmingly voted to pass a bill giving ByteDance, the Chinese company that owns TikTok, about six months to sell the US assets of the app or face a ban, citing national security concerns. Senators are still undecided on how to proceed.

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

Disney's Descendants franchise is expanding with the introduction of fresh faces in the upcoming installment, 'Descendants: The Rise of Red.' A teaser released on Tuesday offers a glimpse into the new characters, promising an exciting addition to the beloved series. The movie is set to premiere on Disney+ on July 12. Teaser

Dixon Technologies, India’s largest electronics contract manufacturer, is in initial talks to buy a majority stake in the local phone-making unit of China’s Transsion Holdings, people aware of the details told ET. Transsion’s India business is valued at about Rs 700 crore, they said. The talks come amid greater scrutiny of Chinese firms operating in the handset ecosystem. The Centre wants Indian companies and executives to have more sway over the country’s mobile phone industry, currently dominated by Chinese handset brands, as part of an informal mandate, according to people with knowledge of the matter.

Brent crude reached $89 per barrel on Tuesday, up from $77 at the end of 2023. Analysts expect a straightforward meeting, supporting the earlier decision to extend output cuts. The meeting is scheduled for 1 p.m.

jobs, and then sell what they produce to the rest of the world. The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced the most potent engine the world has ever known for generating economic growth. It has helped lift hundreds of millions of people out of poverty, create jobs and raise standards of living.

PTI. Though the minister said that it was 'inevitable', he called for heightened efforts to achieve the goal. Jaishankar pointed out that the international momentum is now favouring India's bid for a permanent seat. Addressing intellectuals in Rajkot, the external affairs minister said India needs diligent work to secure the coveted position in the world peace body.

hit record highs on Monday, April 1, led by metals stocks on strong industrial data from the top consumer China, before settling around 0.5 per cent higher. The BSE Sensex declined by 110.64 points or 0.15 per cent to settle at 73,903.91. The broader NSE Nifty dipped 8.70 points or 0.04 per cent to 22,453.30.

Tesla reported its first year-over-year decline in quarterly deliveries since 2020, missing Wall Street’s expectations and stoking further concern about the company’s growth prospects this year. Elon Musk's electric-vehicle maker delivered 386,810 vehicles globally in the first three months of 2024, down 8.5% from a year earlier. It was the company’s lowest quarterly performance since the third quarter of 2022.

Blackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business's founding Lorie family. IGI has most of its business in India and describes itself as the world's largest independent lab for testing and grading diamonds and other gemstones and jewelry.

run out of money. Some economists therefore think that the central government will need to set up a fund to take over unfinished projects or guarantee property prepayments, much as bank deposits are guaranteed. It is also unclear how much fiscal stimulus the central government is prepared to provide.