China Financial News

15.03 / 03:39

Apple country electronic Apple supplier Foxconn rallies on strong Q4 earnings, AI-fueled outlook

Investing.com-- Shares of contract electronics maker Foxconn, formally known as Hon Hai Precision Industry Co (TW:2317), rallied on Friday after it clocked strong fourth quarter earnings and said it expected increased demand from the artificial intelligence industry.

15.03 / 01:33

UPS Citi Provident Aviat Airlines Traffic International Adani Group's $2.1 billion Navi Mumbai Airport to boost India's aviation ambitions

Adani Group-helmed $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its Prime Minister Narendra Modi seeks to outrun China. For Gautam Adani, it’s a test of whether he can put India on the global aviation map. The airport, with a lotus-shaped design mimicking India’s national flower as well as the election symbol for Modi’s party, should start operations in March next year with a capacity for 20 million passengers a year.

14.03 / 23:03

Action security ByteDance TikTok Bill rights Videos NOT US Senate not moving to fast-track House bill for TikTok divestiture

By David Shepardson

14.03 / 22:45

markets IPO Action security Southern travelers Courts Chinese ride-hailing company Didi Global must face US investor lawsuit over IPO

By Jonathan Stempel

14.03 / 21:09

Chainalysis Bitcoin Crypto Adoption Crypto Gains Surpassed $37.6 Billion in 2023: Chainalysis

Global crypto gains reached $37.6 billion in 2023 following severe losses in 2022, blockchain intelligence firm Chainalysis reveals in a new report released Thursday.

14.03 / 20:43

markets Provident Apple Diversity performer innovations Pro Research: Wall Street dives into Apple's diverse prospects

Apple Inc (NASDAQ:AAPL)., the tech giant with a reputation for innovation and premium consumer electronics, remains a dominant player in the technology sector. Its extensive product range, including smartphones, computers, wearables, and a suite of online services, continues to have a significant global impact. Despite facing challenges such as competitive pressures and a dynamic macroeconomic landscape, Apple upholds its position as an industry leader.

14.03 / 20:15

markets Progressive economy Trade War inequality International Free trade has two faces and the one offering harmony must prevail

Few terms in economics are as ideologically loaded as ‘free trade.’ Advocate it nowadays, and you are likely to be regarded as an apologist for plutocrats, financiers and footloose corporations. Defend open economic borders, and you will be labelled naive or, worse, a stooge of the Communist Party of China who cares little about human rights or the fate of ordinary workers at home. As with all caricatures, there is a grain of truth in the anti-trade stance.

14.03 / 17:23

WhatsApp ByteDance TikTok Bill Videos Former Treasury Secretary Steve Mnuchin says he's going to put together investor group to buy TikTok

Former Treasury Secretary Steve Mnuchin says he's going to put together investor group to buy TikTok. Former Treasury Secretary Steven Mnuchin says he's going to put together an investor group to buy TikTok, a day after the House of Representatives passed a bill that would ban the popular video app in the US if its China-based owner doesn't sell its stake. Speaking on CNBC's «Squawk Box,» Mnuchin said on Thursday that he believes TikTok should be sold.

14.03 / 13:57

EBAY Platform trends AMZN MoffettNathanson looks at Temu problem for AMZN, ETSY, EBAY

Analysts at MoffettNathanson have observed in a Thursday note that China-based e-commerce companies are increasingly venturing into Western markets, undercutting prices on domestic e-commerce platforms.

14.03 / 13:57

markets COST Action Trade Traffic Dollar General sees upbeat 2024 sales as cheaper groceries in demand

By Anuja Bharat Mistry and Granth Vanaik

14.03 / 13:57

markets Target Tesla wellness Why does Tesla stock keep dropping?

Several Wall Street analysts lowered their target for Tesla (NASDAQ:TSLA) stock recently. Today, UBS analysts cut their numbers due to concerns over potential earnings downside risk. This decision comes amidst a series of challenges faced by the electric vehicle (EV) giant, including demand and production concerns.

14.03 / 11:25

markets SPY wellness trends track reports S&P 500 Eyes New Highs: Industrial, Energy Stocks to Fuel Gains Amid Tech Wobble?

Despite a slightly weaker close on Wednesday, the SPY, tracking the S&P 500, may surge to a new record high today.

14.03 / 11:25

UPS Reuters Action economy country reports China probes exposure of HK units of banks, insurers to local government debt, sources say

By Selena Li and Summer Zhen

14.03 / 10:09

markets Booking Trade 2020 reports International Australian Exclusive-Chinese buyers cancel, postpone Australian wheat buys amid global surplus

By Naveen Thukral

14.03 / 10:05

CBDC Digital central bank digital currency show stage country Global Surge in CBDC Exploration Leaves US Playing Catch-Up: Study

An Atlantic Council study published Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020.

14.03 / 09:23

UPS Provident Extreme pandemic trends reports International IEA sees economic headwinds putting damper on demand growth

LONDON (Reuters) — The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions provide a short-term boost.

14.03 / 09:23

markets MET Cooper Platform Nikkei reports Nissan could seek partnership on EVs with Honda, Japanese media say

TOKYO (Reuters) -Nissan Motor is considering seeking a business partnership with Honda (NYSE:HMC) Motor, TV Tokyo reported on Wednesday, while the Nikkei business daily said they could collaborate on electric vehicles.

14.03 / 09:13

Citi Election Moodys trends reports Department Moody's departs from Canary Wharf offices - reports

According to reports in the FT, Moody's is not planning to renew its lease at One Canada Square and will instead move to 10 Gresham Street, near St Paul's Cathedral, once its current tenancy runs out in 2026. Moody's downgrades China sovereign credit outlook to negative Moody's has been based in Canary Wharf for 15 years, and its relocation forms part of a longer-term trend the City has seen of companies electing to relocate. Last year, HSBC said it would leave the docklands area for a new office in the City. The bank's headquarters have been located in a 42-storey tower since 2002...

14.03 / 08:57

markets Trade reports Gold Prices Gold prices consolidate before more rate cues, copper rally cools

Investing.com-- Gold prices fell slightly in Asian trade, but kept recent record highs in sight as markets awaited more cues on U.S. interest rates from upcoming producer price index and retail sales data.

14.03 / 08:55

economy 2020 reports India’s relations with Pakistan to ‘remain strained’; elevated ‘risk of armed confrontation’ with China: US intel

Pakistan has a long history of supporting anti-India militant groups, and under the leadership of Prime Minister Narendra Modi, India is more likely than in the past to respond with military force to perceived or real Pakistani provocations," the report says. “Each side’s perception of heightened tensions raises the risk of conflict, with violent unrest in Kashmir or a militant attack in India being potential flashpoints," it adds.

14.03 / 08:55

economy Sustainability Research Trade stage country reports Indo-Pacific Economic Framework deal in final stage, signing likely soon

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

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