China Financial News

14.03 / 08:55

markets COST Manufacturing security country International Tata Steel, JSW, JSPL, SAIL share prices see impact of declining steel prices: Softer input costs to benefit over time.

JSW Steel, Jindal Steel and Power, Steel Authority of India share prices have declined 5-12% during last one week . While the market sentients remain weak, the correction in share prices also has been led by a regular decline in steel prices. Channel Checks by various Brokerages suggest Steel prices in the country have dipped to multi- month lows BNP Paribas Channel checks suggest that the domestic hot rolled coil (HRC) prices that have been falling since September 2023, reached ₹52,700 a tonne during the week ending March 6, 2024, down ₹900 a tonne week over week.

14.03 / 08:43

COST UPS Manufacturing Food trends show Wholesale inflation eases to a four-month low of 0.2% in February

Wholesale inflation eased to a four-month low of 0.2% in February compared with 0.27% in the previous month, despite an increase in food prices as input cost pressures remained benign, data released Thursday showed. “Overall, the wholesale price inflation trajectory is broadly reflective of benign input cost pressures. The easing in food prices has now faded, thus, the trajectory of cereal prices needs to be watched for signs of persistence,” said Rahul Bajoria, MD & Head of EM Asia (ex-China) Economics, Barclays. Economists indicate that correction in global commodity prices has kept inflation in check and the trend is likely to continue in the coming month as well.

14.03 / 08:37

wellness track country travelers Destinations Hyatt to open 8 new hotels, 1,200 new keys in 2024: Sunjae Sharma

Hotel chain Hyatt India will add eight new hotels in the South West Asian (SWA) region in this year that includes a foraying into Bangladesh with the opening of a new hotel in Dhaka.

14.03 / 07:55

ETF Extreme economy wellness Trade 2020 Why are gold and silver valuable additions to an investor's portfolio? Explained

Also Read: Gold and silver prices Today on 14-03-2024 : Check latest rates in your city Here is more on why gold and silver can be considered in an investors’ portfolios. Investing in commodities requires an understanding of what drives gold and silver prices over the long term. Gold: The yellow metal is used mainly as jewellery and gold bars, apart from being considered for investment purposes as well.

14.03 / 07:55

Cooper Landmark security Research country Department prevention U.S. and China Extend Landmark Bilateral Deal, Very Quietly

SINGAPORE—When a landmark science and technology agreement between the U.S. and China reached its expiration in late February without an extension, it plunged the academic community in both countries into uncertainty. Neither country confirmed an extension for nine days.

14.03 / 05:47

markets UPS Trade show country reports Oil prices steady near 4-mth high after Russia attacks, strong US fuel draws

Investing.com-- Oil prices rose slightly in Asian trade on Thursday, staying near four-month highs after a substantial draw in U.S. gasoline inventories and debilitating attacks on a key Russian fuel refinery pointed to tighter fuel supplies.

14.03 / 05:47

markets Target Nikkei wellness trends Trade Asian stocks Asian stocks muted before more rate cues; Japan weakness continues

Investing.com-- Most Asian stocks stuck to a tight range on Thursday in anticipation of more cues on U.S. inflation and interest rates, while losses in Japanese markets extended into a fourth straight session amid persistent jitters over the Bank of Japan.

14.03 / 05:47

Tesla wellness Trade show track reports Updates Chinese NEV stocks sink tracking Fisker bankruptcy report, Tesla downgrade

Updates to correct reference to Rivian (NASDAQ:RIVN) bankruptcy report to Fisker Inc (NYSE:FSR).

14.03 / 05:47

markets economy CME Nikkei Cycling show Morning Bid: Investors look to next round of US data

A look at the day ahead in European and global markets from Rae Wee

14.03 / 05:09

Manufacturing Trade Experts Cycling information reports International Hindustan Copper stock spikes 6% as copper prices hit 11-month high

Hindustan Copper, a state-owned company engaged in mining copper ore in India, saw its shares zoom 6% to ₹249 apiece in today's early trade, snapping a 5-day losing streak after copper prices rose sharply as investors bet on a drop in global supply. On Wednesday, copper prices surged to their highest level in 11 months, climbing by 3.1%, following a meeting in Beijing where officials from at least 15 Chinese plants discussed potential measures, including the possibility of production cuts.

14.03 / 04:19

Reuters Platform Strategy reports Alibaba plans to invest $1.1 billion in South Korea: report

Alibaba Group plans to invest $1.1 billion in South Korea over the next three years to build a logistics center and expand businesses, South Korean news agency Yonhap reported on Thursday, citing a business strategy document of the company. The Chinese ecommerce giant plans to spend $200 million this year on building the logistics center and $100 million to help small and mid-sized South Korean firms sell their products overseas, the report said.

14.03 / 04:01

UPS Target country testing The Agni-5 trial has strengthened India’s strategic deterrence

India’s Agni-5 test of a multiple-warhead ballistic missile places the country in a league of powers with only the US, UK, Russia, China and France as other members. Importantly, its success steps up India’s deterrence at a time China has openly begun to pursue a policy of power projection beyond its borders. Though not strictly an intercontinental ballistic missile (ICBM) of the order possessed by the Big Five that can hit targets as far as 15,000km, its 5,000km-plus range brings the farthest parts of China and even some of Europe within our strike radius.

14.03 / 04:01

pandemic Virus country 2020 reports infection Scientists warn of potential new pandemic with rising H5N1 bird flu cases

Antarctica sees first bird flu case, confirms scientists The professor said that H5N1 has spread in 26 countries since 2020 and mammals are falling victim to the virus. As many as 882 cases of bird flu were reported in humans across 23 countries in 2020, resulting in a worrying fatality rate of 52%, the report mentioned.

14.03 / 04:01

Platform security ByteDance TikTok Bill President 2020 TikTok Ban in US: House passes bill with majority, Senate vote next, TikTok contests move & more | Top 10 Updates

TikTok, which boasts millions of American users, citing national security worries linked to its Chinese parent company, ByteDance. As per the Bill, ByteDance would have to divest from TikTok within 165 days or leave America. Only if ByteDance opts to sell off its interests could the app continue its US operations.

13.03 / 22:33

UPS security Election community President War Biden looks to shore up support in Midwest after clinching Democratic nomination

By Andrea Shalal and Nandita Bose

13.03 / 22:33

markets COST security Trade President reports Department Yellen says US aims to ensure domestic EV maker success as China boosts exports

By David Lawder

13.03 / 22:33

markets CEO security Bill Trade innovations information Biotech trade association to split with China's WuXi AppTec

By Karen Freifeld

13.03 / 21:02

markets Digital Bitcoin news ETF Trade Bitcoin Bitcoin Price Prediction: Rally Towards $75,000 Amid Market Optimism & Key Events

Bitcoin‘s price went up by more than 2.50% on Wednesday to trade near $73,000. This uptick occurs as Asian stocks reach a seven-month apex, undeterred by the slightly higher U.S. inflation rates which have spurred investor bets against mid-year interest rate adjustments.

13.03 / 20:41

UPS security ByteDance TikTok Bill Universities 2020 US lawmakers say TikTok won't be banned if it finds a new owner. But that's easier said than done

U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running

13.03 / 20:39

Platform security ByteDance TikTok Bill President Videos House passes a bill that could lead to a TikTok ban if Chinese owner refuses to sell

A TikTok spokesman is criticizing Congress for being too secretive as it advances a proposal that could lead to a nationwide ban of the popular video app

13.03 / 20:39

markets UPS Trade show reports Chinese stocks slide as investors maintain caution after US inflation report

China stocks slide after the overnight United States inflation report

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