China Financial News

The fund's name has been changed to Redwheel Global Intrinsic Value, which captures its shift towards targeting global companies with a value tilt, the firm said. The changes follow Keeling's retirement, who set up the fund when she joined the firm in 2013. Her departure was publicly announced in July 2023, but clients were informed in March 2023. Robeco expands emerging markets equity range with ex-China strategy Keeling handed over her responsibilities to Benjamin Hall, who co-managed the fund alongside her. Hall then left the firm in December 2023 and has since joined Waverton I...

MacAulay joins as current chair Susan Platts-Martin is set to retire from the trust at the end of April, after a decade as a member of the board and seven years at the helm. It is currently unknown who will replace Platts-Martin as chair. «My fellow directors and I are delighted to welcome Sarah to the board. Her extensive investment trust board experience as well as her considerable Asian investment management expertise will be valuable to the board,» Platts-Martin said.  JPMorgan Multi-Asset Growth & Income merges with JGGI due to small size reducing appeal to investors MacAulay ...

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. It takes a lot of faith in chief executive Elon Musk’s promise of autonomy to rationalize the difference.

Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.

President Dr Mohamed Muizzu took office in November 2023. The announcement was made by the Maldives government, stating that the drinking water shipment has successfully reached the archipelago nation. This decision was a result of discussions during the official visit of China's Tibet Autonomous Region's Chairman, Yan Jinhai, to the Maldives, where he met with President Dr Mohamed Muizzu last November, as confirmed by the Ministry of Foreign Affairs.

Border Roads Organisation (BRO) has achieved a major milestone by establishing connectivity on the 298-km Nimmu-Padam-Darcha road in Ladakh. This road will become the third axis to the strategically-important region, complementing the existing Manali-Leh and Srinagar-Leh routes. Utilizing the frozen Zanskar river in January, the BRO efficiently moved equipment and personnel to establish additional attack points, expediting the progress of work. Lt-General Raghu Srinivasan, BRO chief, highlighted this achievement, stating that connectivity on this vital axis has been established. The construction of the Shinkun La tunnel, approved by the PM-led cabinet committee on security in February last year, will further enhance all-weather connectivity to Ladakh. The tunnel, costing Rs 1,681 crore and spanning 4.1 km, is set to be completed in about two years.

BEIJING — U.S. business leaders met with Chinese President Xi Jinping on Wednesday, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S.

The Canadian province of Quebec had big plans of becoming the “battery of the U.S. northeast" by feeding power generated from its dams and other hydro plants to millions of people in Vermont, Massachusetts and New York state. Now, dry conditions that have affected energy output worldwide are forcing one of the world’s largest hydropower producers to cut exports.

Mumbai: The Indian central bank likely sold U.S. dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters.

In its financial results for the year published today (27 March), the trust reported a net asset value total return of 2.5% — up from -3.6% in 2022 — outperforming the MSCI AC Asia Pacific ex Japan index, which returned 1.6% over the period. abrdn Property Income board backs CREI merger over 'uncertain' wind-down The trust attributed the positive performance to its «structural» underweight exposure to China. However, AAIF's discount went from 11.7% at the beginning of the year to 12.8% as of the end of 2023. It widened further in the first quarter of 2024, as the trust is curren...

The containership crash that downed a Baltimore bridge Tuesday stands to snarl shipping along the East Coast for months. Officials say the bridge collapse could affect port operations for a long time, forcing other ports in the region to take on extra shipments. Companies that transport cars and coal, two of the important categories of cargo that run through Baltimore, already are looking for alternative destinations.

ANI, "I think there seems to be a link between the Moscow terrorist attack and this Pakistani attack and more seems to be in the pipeline." He further blamed the proxies of Pakistan and said, "It will not stop until or unless Pakistanis are made accountable for their actions. And whatever is happening, it's through the proxies of Pakistan and the terrorists trained in the Pakistani training camp, especially the ISIS." Condemning the terrorist attack on the Chinese engineers, PTM member said, “I would like to condemn the terrorist attack on the Chinese engineers in district Shangla in Khyber Pakhtunkhwa, which resulted in the killing of five Chinese nationals and their Pakistani driver." He further alleged that Pakistan is double-gaming China as they did with the US.

SINGAPORE—Netflix’s newest high-powered sci-fi drama, “3 Body Problem," is one of the biggest cultural events to come out of China in years. After watching it, many in China say they wish the producers of the show had taken their country out of it entirely. “3 Body Problem" is the long-awaited adaptation of a critically acclaimed series of science-fiction novels by Chinese writer Liu Cixin.

Pashtun Tahaffuz Movement (PTM) member Fazal-ur-Rehman Afridi alleged that there seems to be a link between the Moscow terror attack and the recent attack in Khyber Pakhtunkhwa's Shangla district, which has killed five Chinese nationals. Stressing that not only Pakistan, but the whole world is in danger, Afridi said, «I think there seems to be a link between the Moscow terrorist attack and this Pakistattack and more seems to be in the pipeline.»

dollar steadied on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen closer to a test of levels that drew official market intervention back in 2022. The yen traded at 151.52 per dollar early in the Asia session, within a whisker of 151.94 where Japanese authorities stepped in during October 2022 to buy the currency.

India’s policy focus on making the country a hub for EV-making will have a side effect. As electric vehicles (EVs) roll off assembly lines, our dependence on Chinese imports will rise, even though we’ve been trying to reduce it. That’s because China, with a head-start of a decade or so, is the global leader of clean-tech in general and this segment of the auto industry in particular.

initial public offering for its Cainiao logistics arm, shelving a much-anticipated debut that could have raised more than $1 billion. China’s e-commerce pioneer decided to postpone the transaction because of poor market conditions, people familiar with the matter said. It lost its taste for the deal this year as stocks waned, the people said, asking to remain anonymous discussing a private matter.

Buy or sell stocks for today: On account of diverse messages from the US monetary policymakers and a tremble in the Chinese yuan, the Indian stock market snapped its three-day winning streak on Tuesday. The Nifty 50 index slipped 92 points and closed at the 22,004 level, the BSE Sensex shed 361 points and finished at the 72,470 mark whereas the Bank Nifty index ended 263 points lower at the 46,600 level.

There’s a comforting but erroneous explanation for why solar panels, home batteries and electric vehicles (EVs) are increasingly likely to be made in China. With an economy awash in easy money, its renewable manufacturers are undercutting rivals across the world; ergo, China’s comparative advantage isn’t scale, cost efficiency or innovative prowess, but cheap government subsidies. In the EV industry “everybody has an endless supply of loans and support from the local government," the Financial Times quoted Jörg Wuttke, former president of the European Union Chamber of Commerce in China, as saying in a recent article.

Arvind Kejriwal shared his second order from jail. Part of the Francis Scott Bridge in Baltimore collapsed after being hit by a cargo ship — sending cars and people plummeting into the river. Meanwhile, a suicide bomber killed six people in Pakistan after ramming his explosive-laden car into a vehicle.

Canada will tighten its scrutiny of foreign investments in artificial intelligence, quantum computing and space technology as the government expands its power to stall and block deals for national security reasons.