China Financial News

13.03 / 20:39

MET Waters President Fishing country reports International The treated discharge from Japan's ruined Fukushima nuclear plant is safe, IAEA chief says on visit

The head of the U.N. atomic agency has observed firsthand the Fukushima Daiichi nuclear power plant’s ongoing radioactive wastewater discharges for the first time since the contentious program began six months ago

13.03 / 20:39

markets UPS Food Patrick country Zimbabwe predicts a sharp decline in tobacco crop as El Niño takes toll, a year after record harvest

Zimbabwe, Africa's largest tobacco producer, has begun its annual tobacco-selling season with officials and farmers projecting a sharp decline in harvests and quality because of a drought blamed on climate change and worsened by the El Niño weather phe...

13.03 / 20:39

UPS economy 2020 reports Interviews Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy

Some investors in a troubled Chinese trust fund are facing financial ruin under a government plan to return a fraction of their money back

13.03 / 18:51

markets CEO Platform wellness Trade reports rights Dollar Tree to shut nearly 1,000 stores as it misses holiday earnings estimates

Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business.

13.03 / 18:07

markets UPS Manufacturing Trade pop rights Success in solar energy may be a curse for Chinese panel manufacturers

Ever since photovoltaic cells started popping up on pocket calculators and building roofs a few decades ago, solar power has faced a key drawback: It’s a nice technology, but there’s simply not enough of it to make a difference. Right now, it’s facing the opposite difficulty. A tidal wave of investment in solar-power panels has swelled to the point that it threatens to overwhelm the global industry.

13.03 / 15:27

security ByteDance TikTok Bill President country Schools US House overwhelmingly passes TikTok ban bill

US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned from the United States. The lawmakers voted 352 in favor of the proposed law and 65 against, in a rare moment of bipartisan unity in politically divided Washington.

13.03 / 15:11

COST FIL abrdn China enters voluntary wind-up after shareholders approve Fidelity merger

At an extraordinary general meeting today (13 March), abrdn China's investors voted 99.99% in favour of the move, representing over 27.4 million votes. The merger was initially agreed back in November, which the trust suggested was in a bid to cut costs and increase the liquidity of the portfolios. abrdn Asian Income cuts management fees by 17% The combined trust will have net assets of around £1.2bn, with FIL Investment Management (Hong Kong), and current FCSS manager Dale Nicholls overseeing the newly merged vehicle. abrdn has been contacted about the future of managers Nichol...

13.03 / 14:48

markets Trade OMC stocks plunge 4-6% as markets crash 1%; brokerage suggests ‘sell’ on IOC, HPCL: Why are prices discounting?

Hindustan Petroleum Corp Ltd (HPCL) faced selling pressure today amid a broader stock market crash driven by small- and mid-cap indexes that logged their worst session in over two years. Domestic brokerage firm JM Financials has maintained a ‘sell’ rating on IOC and HPCL and a ‘hold’ on BPCL amid the current discounting of prices.

13.03 / 14:15

Provident FIVE Reuters Apple Research Trade Apple stock buyback: Here's what this analyst thinks will happen

It’s been a disappointing year for Apple (NASDAQ:AAPL) investors so far, with the stock down over 7% for the year-to-date, despite the slight pullback over the last few trading sessions. Apple stock hit a 2024 intraday low of $168.49 on Thursday last week before rising to above the $173 per share mark in yesterday’s session (Tuesday, March 12).

13.03 / 14:15

markets Strategy Remark War MCD International Why McDonald's stock fell today

McDonald's (NYSE:MCD) stock fell on Wednesday after the company’s management hinted while speaking at a UBS conference that they expect slightly lower international business sales in Q1 compared to Q4.

13.03 / 13:41

Election Death Monarchy peace Nepal PM Pushpa Kamal Dahal wins vote of confidence, third in over a year

Dahal, a former Maoist guerrilla leader in the Himalayan nation sandwiched between China and India, formed a coalition cabinet including the Nepali Congress party and other smaller groups last year. He changed allies this month saying he was not given a free hand. ALSO READ: Historic Nepal elections significant for India, amid China’s overtures The new cabinet is dominated by the liberal Nepal Communist Party (UML) and includes several other smaller groups.

13.03 / 12:13

Provident WhatsApp wellness trends reports travelers Destinations Visa application volume from Mumbai sees 30% YoY growth in 2023, recovers to 90% of pre-pandemic level

Visa application volumes from Mumbai in 2023 registered a 30 per cent year-on-year growth, according to a report by VFS Global, closing in further to the pre-pandemic levels. When compared to the pre-pandemic numbers, visa application volumes from Mumbai reached 90 per cent of the 2019 levels. The demand pattern in Mumbai was in line with the overall growth trend registered in India, which saw a 16 per cent year-on-year in visa applications in 2023. In comparison to the pre-pandemic numbers, visa application volumes from India reached 93 per cent of the 2019 levels.

13.03 / 12:13

BLOCK Fighting wellness President DAL Setback for opposition block in Assam; CPI(M) names candidate for seat having Congress nominee

MLA Manoranjan Talukdar will contest from the Barpeta Lok Sabha seat, for which the grand old party has announced its candidate. Addressing a press conference here, CPI(M) Assam State Secretary Suprakash Talukdar said the party has decided to field its veteran leader and legislator Talukdar from the Barpeta seat. The MLA currently represents the Sorbhog assembly constituency, which falls under the Barpeta Lok Sabha seat. «For the greater interest of the people, we appeal to Congress to withdraw its candidate from Barpeta. We appeal to everyone to vote for the strongest anti-BJP candidate and make him win», the CPI(M) state secretary said.

13.03 / 11:49

Citizens security Experts country cover US lawmakers to propose legislation seeking more scrutiny of Chinese real estate purchases

By David Shepardson

13.03 / 11:41

UPS Manufacturing security Strategy Camden War To build more missiles, the US looks to an ally 10,000 miles away

ORCHARD HILLS, Australia—At an Australian military base here on the outskirts of Sydney, an unassuming shed-like structure known as Building 215 is set to play an important role in Washington’s strategy for confronting rivals such as China and Russia. Inside, officials plan to establish the first factory outside the U.S. to help make a type of missile that’s been pivotal in the Ukraine war: Lockheed Martin’s Guided Multiple Launch Rocket System, or GMLRS.

13.03 / 10:23

WhatsApp country Nepal PM Prachanda wins vote of confidence in Parliament

Pushpa Kamal Dahal ‘Prachanda' on Wednesday won a vote of confidence in Parliament, as the country struggled to maintain political stability. Prachanda, 69, a former guerilla leader from the Communist Party of Nepal (Maoist Centre) — the third largest party in the House of Representatives (HoR) — received 157 votes in the 275-member House of Representatives.

13.03 / 07:09

FIVE security reports testing International Nepal's Prime Minister Prachanda to seek vote of confidence today

Prachanda', is set to seek a vote of confidence in Parliament today — March 13, PTI reported. This move comes after Prachanda parted ways with the Nepali Congress and formed a new alliance with the Communist Party of Nepal (Unified Marxist-Leninist) (CPN-UML). Prachanda, a former guerrilla leader from the Communist Party of Nepal (Maoist Centre), which is the third largest party in the House of Representatives (HoR), officially broke ties with the Nepali Congress by sending a letter to the Parliament Secretariat.

13.03 / 07:09

markets UPS Google security economy BURST Frothy U.S. Stock Market Just Isn’t Crazy Enough to Be a Bubble

When everybody’s talking about a bubble in the stock market, should we worry or relax? The answer from past bubbles seems to be a bit of both—with one big caveat about today’s market. The caveat comes first. While it might feel like everyone in the markets is talking about whether there is a bubble, mentions in the media and searches on Google aren’t especially elevated.

13.03 / 05:37

markets UPS FIVE security wellness rights Want to create a lot of wealth? Look at these 5 PSU gems for next 6 months: Sanjiv Bhasin

Sanjiv Bhasin, Director, IIFL Securities, says “very bullish on Hindustan Copper. We think numbers and the outlook will be very bullish and if China is back, which is evident from the type of government stimulus, then non-ferrous is going to do very well. Hindustan Copper is our top pick there. We are also bullish on HPCL. We like ONGC which is our top pick over there. To sum it up, IRCTC and Concor as well. If you have these five gems, you will create a lot of wealth. ” Bhasin further says they have trimmed exposure in PSU banks and some of the railway stocks.

13.03 / 04:17

Citi country rock hospital reports China explosion news: Blast at restaurant rocks Hebei province, 1 dead, 22 injured

Bengaluru's Rameshwaram Cafe set to open from March 9 as probe continues As per the AFP report, explosions are common in China due to lax safety standards and poor enforcement. Last month, at least 15 people were killed and 44 injured in a fire at a residential building in the eastern city of Nanjing.

13.03 / 01:45

markets UPS Trade show reports shock Oil prices rise on signs of big US inventory draw, OPEC demand outlook

Investing.com-- Oil prices rose in Asian trade on Wednesday, buoyed by industry data showing an unexpected draw in U.S. inventories, while the OPEC also stuck to its forecast of strong demand growth in the coming years.

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