China Financial News

Karnataka government on Monday banned the use of artificial colours, including Rhodamine-B, in foods like Gobi Machurian and cotton candy, after reports of health concerns due to the poor quality. The state’s move follows a similar ban imposed by Goa, Tamil Nadu and Puducherry last month, all of whom came down heavily on the popular Indo-Chinese dish. Karnataka Health minister Dinesh Gundu Rao said that such artificial colours were of poor quality and posed harms to public health, and warned of serious action against anyone who continues to use them in food production. Taking to social media platform X on Monday, he said violation of this ban may result in imprisonment for up to seven years and a fine of up to Rs 10 lakh. According to the food safety and quality department, samples of 'Gobi Manchurian' and 'Cotton Candy' being sold across the state were collected and analysed in laboratories. “Out of 171 samples collected from Gobi Manchurian, artificial colours were detected in 107 samples. Similarly, out of 25 cotton candy samples collected, artificial colours were found in 15 samples,” a statement from the department said.

Deutsche Bank analysts expect Tesla's (NASDAQ:TSLA) first-quarter deliveries and earnings to miss current Street expectations by a wide margin, the bank said in a note Monday.

Silver may finally break its multi-year consolidation, potentially catching up with gold's recent all-time highs and possibly targeting $50 in the long term.

BEIJING — China's weeklong annual parliamentary meetings ended on Monday and for the first time in decades, the Chinese premier did not host a press conference.

diplomatic protest with India over Prime Minister Narendra Modi's visit to Arunachal Pradesh last week, reiterating its claim over the area by saying India's moves will «only complicate» the boundary question. Prime Minister Modi on Saturday dedicated to the nation the Sela Tunnel built at an altitude of 13,000 feet in Arunachal Pradesh that will provide all-weather connectivity to strategically located Tawang and is expected to ensure better movement of troops along the frontier region. The Rs 825 crore tunnel, constructed on the road connecting Assam's Tezpur to West Kameng district of Arunachal Pradesh, is being billed as the longest bi-lane road tunnel in the world at such an altitude. The Sela Tunnel will provide for better movement of troops and weaponry to various forward locations along the Line of Actual Control (LAC) with China, according to military officials.

China’s Shandong Province has introduced a digital yuan loan program for entrepreneurs, a step towards integrating digital currency in regional business practices.

Shortly after Israel launched its sweeping military operation in Gaza in response to Hamas’s Oct. 7 assault, Jake Sullivan, President Biden’s national security adviser, sat down for an hour-long private meeting at the White House with a group of Muslim and Arab-American leaders. They implored the administration to do more to protect Palestinian civilians in the Gaza, as well as the West Bank, where settler violence was escalating.

LONDON (Reuters) -U.S. investor Elliott Advisors does not intend to make an offer for Currys, saying the board of the British electricals retailer would not engage with it.

By Francesco Guarascio

(Reuters) -Bitcoin is back in the headlines, having roared to a new record high, just as many of the world's major central banks are starting to pave the way towards cutting interest rates, but only if inflation behaves.

BEIJING — China's struggling real estate developers won't be getting a major bailout, Chinese authorities have indicated, warning that those who «harm the interests of the masses» will be punished.

Pranay Karkale is spending years of savings and $60,000 in student loans to pursue a master’s degree in the United States, yet he considers himself lucky. At home in India, it’s common to hear about families selling off their land to send children to universities overseas. Karkale was willing to do whatever it took once he got into Johns Hopkins University. A degree from a prestigious U.S. college, he believed, would open doors to a better job and higher pay than he would find in India.

Investing.com-- Hong Kong shares of Dongfeng Group (HK:0489) fell sharply on Monday after the Chinese carmaker warned investors that it was likely to clock a loss for 2023 amid weakening vehicle sales and competition from electric vehicles. 

HONG KONG/SHANGHAI/BEIJING (Reuters) -Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.

Investing.com-- Oil prices fell in Asian trade on Monday, extending losses from the prior week as markets remained on edge over slowing demand while largely looking past a tighter supply outlook for 2024. 

Investing.com-- Most Asian stocks fell on Monday, tracking a weak lead-in from Wall Street as anticipation of key U.S. inflation data kept markets on edge, while Japanese shares fell sharply amid growing conviction that the Bank of Japan will raise interest rates soon.

By Yuka Obayashi

Sensex gained 33.40 points to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Nifty 50 formed a small negative candle on the daily chart with a minor lower shadow. Also Read: Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, Japan’s GDP to China inflation “Technically, this pattern indicates breather type formation post sharp upside breakout of Wednesday.

Sensex gained 33.40 points, or 0.05%, to close at 74,119.39, while the Nifty 50 settled 19.50 points, or 0.09%, higher at 22,493.55. Market participants will now look out for several stock market triggers as the focus will shift to crucial economic data, such as inflation data releases from both India and the US, electoral announcements ahead of General Elections 2024, foreign capital inflow and other global cues. Read here: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week “Investors will take cues from the outcome of the ECB interest rate meeting and US Non-Farm Payroll data.

By Wayne Cole

By Jamie McGeever