China Financial News

₹6,462 per bbl, having swung between ₹6,427 and ₹6,525 per bbl during the session, against a previous close of ₹6,459 per barrel. Also Read: Explained | Why did OPEC+ members extend oil output cuts to mid-2024 -China's imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were also weaker than the preceding months, data showed on Thursday, continuing a trend of softening purchases by the world's biggest buyer. -On the supply side, OPEC members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output levels.

Communist Party of India (CPI) general secretary D Raja on Saturday said a leader of Rahul Gandhi's stature should contest the upcoming Lok Sabha polls from a seat where he can directly challenge the ruling BJP, even as he said it is a political party's prerogative to decide who would it field from a seat. The remarks came a day after the Congress announced that Gandhi will contest the parliamentary polls, likely to be held in April-May, from Wayanad in Kerala, the seat he currently represents in the Lok Sabha. CPI's Annie Raja, wife of D Raja, has been fielded as the Left Democratic Front (LDF) candidate from Wayanad. Asked about the Congress's decision to field Gandhi from Wayanad, Raja said, «Within the LDF, the CPI has got four seats to contest and Wayanad is one of those, so we have announced our candidate. Secondly, it is the prerogative of any political party to choose its candidate from a constituency. In this case, it is the prerogative of the Congress.»

Narendra Modi on Saturday inaugurated the strategically significant Sela Tunnel in Arunachal Pradesh providing an all-weather connectivity to Tawang bordering China. The inauguration comes a day after China's stern reply to India amid the diplomatic standoff between the two nations. According to a Bloomberg report, India has freed up thousands of soldiers to strengthen its disputed border with China, adding a potential irritant to its already sour relations with Beijing. As a response, China has said that deploying more troops at the border would not ease tensions. It said that it is committed to upholding peace and tranquility in the border areas.

Congress on Saturday took a potshot at Prime Minister Narendra Modi's visit to Assam's Kaziranga National Park stating that the iconic national park owes much to the «great interest shown both by Jawaharlal Nehru and Indira Gandhi.» «We're glad that the Prime Minister has found time amidst his various travels to spend today morning in Kaziranga, an iconic national park, which owes much to the great interest shown both by Jawaharlal Nehru and Indira Gandhi. However, beyond Kaziranga, here are four questions for him on the increasingly disturbed situation in different parts of the northeast of India,» Congress leader Jairam Ramesh wrote on social media platform X today. The questions to the PM ranged from the India-China border situation, the Manipur crisis, the situation in eastern Nagaland and the «re-emergence of separatist groups» in Assam.

Narendra Modi on Saturday unveiled projects worth Rs 55,600 crore in the Northeast, including the strategic Sela tunnel which will provide all-weather connectivity to Tawang in Arunachal Pradesh. The PM unveiled the projects spread across Manipur, Meghalaya, Nagaland, Sikkim, Tripura and Arunachal Pradesh at a programme in Itanagar. The Sela tunnel, constructed at a cost of about Rs 825 crore, is an engineering marvel. It will provide all-weather connectivity to Tawang across Sela pass on the Balipara-Chariduar-Tawang Road in Arunachal Pradesh, a statement said. The project, the foundation stone of which was laid by PM Modi in February 2019, will not only provide a faster and more efficient transport route in the region but is of strategic importance to the country as it is located near the frontier with China.

Joe Biden said on Friday he would sign legislation that gives China's ByteDance about six months to divest the popular TikTok short video app as his rival Trump raised concerns about a ban of the service used by 170 million Americans. The U.S. House of Representatives plans to vote on Tuesday or Wednesday of next week on the TikTok crackdown bill after a committee on Thursday unanimously approved the measure. The House will vote on the proposal under rules requiring two-thirds of members to vote «yes» to win approval.

China's consumer prices rose for the first time in six months, providing some reprieve for the world's second-biggest economy, which faces sluggish demand, a property slump and high local government debt, although producer prices dropped. The consumer price index (CPI) rose 0.7% year-on-year in February, after the steepest fall of 0.8% in over 14 years in January, data from the National Bureau of Statistics (NBS) showed on Saturday.

China’s hacking industry, leaked internal documents reveal, is vast in size and scope but also suffers from shady business practices, disgruntlement over pay and work quality, and poor security protocols

Vivek Ramaswamy once again spoke against the TikTok ban saying that ‘bashing the China-based social media platform is easy. Understanding the actual issue is harder’. Coming in support of Donald Trump, he noted that ‘the former president was right in opposing a legislative ban’ and further criticised ‘other Republic candidates’ saying ‘many people in professional politics say what they are supposed to say without thinking about the why’.

₹10,000 crore worth UNNATI scheme. He will also inaugurate, dedicate and lay the foundation stone of multiple development projects worth about ₹55,600 crore in Manipur, Meghalaya, Nagaland, Sikkim, Tripura and Arunachal Pradesh. He will reach Jorhat at around 12:15 PM and unveil the magnificent statue of renowned Ahom general Lachit Borphukan and participate in a public programme in Jorhat, and inaugurate, dedicate and lay the foundation stone of multiple development projects worth more than ₹17,500 crore in Assam," the release said.

graphic processing units (GPUs) that are deemed essential for the creation of artificial intelligence-based applications and models is a “good starting point” as it strives to stay apace with global leaders in the rapidly evolving area of AI innovation, top investors and technologists said. The Rs 10,372-crore Artificial Intelligence (AI) Mission, announced on Thursday, will operate on a public-private partnership model. It will extend GPUs as a digital public infrastructure that can offer AI-as-a-service.

By David Shepardson

Phoebe Tonkin, follows Gwen on her eerie first night shift at a remote motel, uncovering its haunted past. Directed by Benjamin and Paul China, the film blends mystery, suspense and horror for a gripping experience.

The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report.

Jaishankar on Friday stressed the need for global stability, suggesting that the last thing that the world needs to see is «any kind of disturbance», a statement that came amid increasing tensions in the Taiwan Strait in the wake of growing Chinese aggression, Jaishankar's remarks came in response to a question during an interaction at the Nikkei Forum in Japan. He was in Tokyo on a three-day visit. Explaining India's response to a Taiwan contingency as a partner of Japan, Jaishankar said, «Today, the state of the world is very disturbed. We are seeing conflicts. We saw Covid. There are very big economic issues which are below the surface. The last thing that the world needs to see is any kind of disturbance, you know, at this moment. How to strengthen the stability and the growth and development of the world should be a common objective.»

A bill that could lead to the popular video-sharing app TikTok being unavailable in the United States is quickly gaining traction in the House

Ukrainian President Volodymyr Zelenskyy is in Istanbul for talks with Turkish President Recep Tayyip Erdogan

₹22,419 crore in Indian debt markets last month, extending the positive momentum picked up in 2023. The benchmark indexes Nifty 50 and BSE Sensex, which were little changed in January amid foreign outflows, gained more than one per cent last month on FPI buying and robust domestic inflows. FPI inflows are likely to increase further due to India's rising share in the MSCI Emerging Markets index, global brokerage firm CLSA said in a note.

Rahul Gandhi from Wayanad. Kerala's ruling party, CPI, had earlier announced senior leader Annie Raja as its candidate from the Wayanad Lok Sabha seat. Even though Communist Party of India (CPI) is a Congress ally in the Opposition INDIA bloc at the national level, the parties are rivals of the Congress in Kerala.

JPMorgan Chase & Co. will continue hiring in China for its asset management business as it targets growth in the world’s second-largest economy.

stocks at the fastest rate on record and continued to pour money into investment grade bonds and cash equivalents in the week to Wednesday, Bank of America said on Friday, citing data from EPFR. Tech stocks saw $4.4 billion of outflows in the latest week, their «largest outflow ever» and the first outflow in nine weeks, BofA said in its weekly roundup of fund flows in and out of world markets, without specifying how far back its figures went.