China Financial News

Also Read: Oil prices rise amid attacks on Russian energy facilities, brent crude at $86/bbl On Monday Iraq announced its intention to reduce crude exports in the coming months by over 100,000 barrels per day compared to the previous month, aiming to counter any increase above its OPEC+ quota recorded in January and February. Iraq remains committed to the voluntary cuts established with the OPEC+ coalition, which have been extended into the second quarter. On the other hand, ongoing Ukrainian drone attacks targeting Russian oil refineries are exacerbating concerns about supply stability.

ok Sabha elections 2024, urges an article published in the Chinese state run-Global Times. Any attempt to exacerbate anti-China sentiment will ultimately cause more trouble for the bilateral relationship and bring more instability to India, reads the opinion piece published on March 17, a day after Election Commission of India announced the schedule for seven-phase Indian general elections beginning April 19. The results will be declared on June 4, the poll panel said.

democracy, as some officials attending a global summit accused Russia and China of conducting malicious propaganda campaigns. Speaking at the opening of the Summit for Democracy in Seoul, Yoon said countries had a duty to share experiences and wisdom so that artificial intelligence and technology could be employed to promote democracy.

SINGAPORE (Reuters) -Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed's decision on U.S. interest rates.

Investing.com-- Most Asian stocks fell on Tuesday amid persistent anxiety over an upcoming Federal Reserve meeting, while Japan's Nikkei 225 pared early losses after the Bank of Japan hiked interest rates but maintained a dovish stance.

graphite. Graphjet Technology said it can turn palm kernels into graphite — an essential component in EV battery anodes — from its facility in Malaysia, one of the world’s top producers of palm oil. The company, which started trading on Nasdaq Friday, expects to begin producing the ingredient in the second quarter, targeting an annual capacity of 3,000 tons, according to Chief Executive Officer Aiden Lee. Synthetic graphite, which accounts for most of global production, is typically made from petroleum coke, in an expensive and carbon-intensive process. Graphjet says its process cuts the carbon footprint by 83% while reducing costs by 80%.

Gurmeet Chadha, Managing Partner, Complete Circle Consultants, says “you can do some bit of bottom fishing in the mid and smallcaps space in railway, defence stocks and some of the auto ancillary stocks. There have been very good corrections there but be a little more patient. It may not just come up the way you are used to seeing it last year.” Let us talk about chemicals. Do you think now these chemical stocks, the sector as a whole, could see a turnaround coming in in a slow and steady way? Gurmeet Chadha: Business performance wise, you probably will have another quarter or two. I think most of the inventory destocking has happened. It is a very cyclical sector for most chemicals except for a few certain chemistries and there is the factor of China dumping. I think in a few spaces you will find government intervention as well. But I also think that the bad news is in the price in most such names. We saw Aarti moving up when post earnings came in last month in February. One has to be selective here. You can also look at agrochemicals with now election season coming. So, we are looking at something like Tata Chemicals.

SHANGHAI (Reuters) — A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China's financial system is low on confidence and overflowing with cash and bank deposits.

By Selena Li and Xie Yu

Investing.com-- Oil prices hovered near a 4-½ month high in Asian trade on Tuesday as softer exports from Iraq and Saudi Arabia furthered the notion of tighter markets this year, although sentiment remained on edge before a Federal Reserve meeting. 

Investing.com-- North American investors still have more room to invest in Japanese stock markets, BOFA analysts said in a recent note, with a bulk of investors on the cusp of allocating more capital after a stellar rally over the past year. 

Investing.com-- Most Asian stocks fell on Tuesday, with Japanese markets losing ground before a potentially historical policy shift from the Bank of Japan, while anticipation of a Federal Reserve meeting kept sentiment subdued. 

By Jamie McGeever

Chinese handset brands operating in India are facing a tough balancing act amid continued geopolitical tensions between New Delhi and Beijing. While the Indian government is nudging these brands to add local executives in top decision-making leadership roles, many are apprehensive to come on board due to the limelight and scrutiny that comes along with the job in a Chinese company. Officials aware of the details told ET that the government is hopeful that Chinese brands will soon hire local talent for key leadership roles in their Indian operations, like what they did for distribution and marketing.

S Jaishankar. It is important to note that the India-Ukraine inter-governmental commission—established in April 1994—oversees all aspects of the bilateral relationship including trade, economic, scientific, technological, industrial and cultural cooperation. The Ukrainian foreign minister’s India visit has yet not been officially announced by either of the countries, though he is expected to be in New Delhi around March 28, the report said.

ALSO READ: Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision Tesla jumped 2.8 per cent after the electric carmaker announced that it would raise the price of its Model Y EVs in Europe. Nvidia advanced 3.8 per cent as the chipmaker kicked off its annual developer conference on Monday. Micron Technology and Intel rose 2.3 per cent and 1.1 per cent, respectively.

India’s information technology (IT) capital, Bengaluru, a city once lauded for its greenery, grapples with the formidable challenge of both urban flooding and water scarcity. The paradox of a city inundated yet thirsty is stark. Its water ordeal is a tale of many years of ecological neglect and urban mismanagement.

After climbing 4% last week, crude oil will be looking to extend those gains as we start a busy week.

Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, ended Monday's trading session on a positive note with modest gains led by metal stocks on the back drop of robust China data, news about Tata Steel block deals, and copper prices that were at a record high globally. The 30-share BSE Sensex ended higher by 104.99 points or 0.14% at 72,748.42 level while the Nifty 50 closed at 22,055.70 level, up 32.35 points or 0.15%.

₹4,001 per share, amounting to approximately ₹9,300 crore, according to a report by Bloomberg. Tata Sons holds a majority stake of 72.38% in TCS, whose shares have surged by 30% over the past year.

Tata Steel, JSW steel, Jindal Steel and power Ltd( JSPL) , Steel Authority of India Ltd (SAIL) saw their share prices rise up to 5.1%. The same helped gain for the Nifty metal index that ended the day with gains of 2.49%. The strong Industrial growth numbers in China lifted the sentiments for steel stocks and metals and mining pack as a whole.