China Financial News

TikTok, the short-video platform owned by Chinese internet company ByteDance, is facing renewed political pressure in the U.S. from a draft bill that could lead to a ban of its popular video-sharing app. The bill, introduced in Congress on Tuesday, calls for Beijing-based ByteDance to divest itself of TikTok or face the platform being banned from app stores and web-hosting services in the U.S.

BEIJING — China's top securities regulator vowed to «strictly» crack down on market manipulators, while stating that protecting small investors was a «core task.»

BEIJING — China's central bank governor said there was room to further cut banks' reserve requirements, and pledged to utilize monetary policy to «mildly» prop up consumer prices.

By Maria Martinez

By Joe Cash, Ellen Zhang and Kevin Yao

India's textile industry, 26 February was a big day, marking a significant milestone with the inauguration of the Bharat Tex Expo at Bharat Mandapam (IECC) in the national capital by Prime Minister Narendra Modi. The expo, celebrated as the world's largest textile event, attracted over 3,000 exhibitors, 3,000 buyers, and 40,000 visitors from more than 100 countries.

Monterrey, Mexico Outside this city, 150 miles south of the Texas border and in the shadow of the Sierra de Santa Catarina, is a cactus-dotted field. If all goes well, this unassuming site will be home to Tesla’s Giga Mexico, which could become the world’s largest electric-vehicle factory. The project promises thousands of jobs and as much as $15 billion in investment from Tesla and its suppliers.

Investing.com-- Most Asian currencies moved little on Wednesday, while the dollar steadied from recent losses as markets hunkered down in anticipation of more key cues on U.S. monetary policy. 

income tax refund for FY 2020-21 (AY 2021-22). In an order dated March 1, 2024, the Central Board of Direct Taxes (CBDT) has said that these individuals can get their income tax refund by April 30, 2024. Hence these individuals, who wish to check the status of their refund, should check their email inbox or keep a close watch for any intimation notice email from the income tax department. This intimation notice will have the details of the tax refund, if any, payable to them. After an ITR is processed at the Centralised Processing Centre (CPC) within a specified period, the income-tax department would issue an intimation notice under section 143(1) of the Income-tax Act, 1961. If an individual has received an intimation notice for the same, it means that their filed ITR has been successfully processed. It is usually followed by the credit of refund amount, if any.

Investing.com-- Shares of Apple Inc's (NASDAQ:AAPL) Asian suppliers fell on Wednesday, tracking an overnight slump in the tech giant after media reports showed Chinese sales of its flagship iPhone tumbled in the beginning of 2024.

Investing.com-- Most Asian stocks fell on Wednesday with an underwhelming economic outlook from China providing little support, while overnight losses in Wall Street spilled over as markets grew skittish before more signals on U.S. rates. 

₹3,000 making it an even more appealing option under the ₹40,000 price bracket. The Chinese smartphone maker had launched OnePlus 11R last year at a price of ₹39,999 for the 8GB RAM/128GB storage variant and ₹44,999 for the 16GB RAM/256GB storage variant. The 8GB RAM variant of the OnePlus 11R has got a ₹2,000 price and is now available at a price of ₹37,999.

Ritesh Jain, Global Macro Trader, says India had leapfrogged manufacturing and directly went into services because of digital infra and English-speaking population. Data show services create 20% of the jobs created by manufacturing. That is why we have a jobless recovery and wealth concentrated in metros. Now, India is going back to the drawing board and manufacturing will start pulling its weight because of government focus, PLI schemes, China plus one, etc. This will lead to broad-based prosperity due to job creation and real estate prices in tier II, tier III cities will outpace those of metros. What kind of structural changes are you witnessing in the Indian economy right now? Ritesh Jain: I believe the structure of the Indian economy is changing.

Investing.com--Apple Inc's (NASDAQ:AAPL) recent stock rout presents a buying opportunity, Dan Ives, Managing Director at Wedbush Securities said in an interview with CNBC on Tuesday, citing upside potential from the iPhone maker’s eventual integration of artificial intelligence. 

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday amid persistent concerns over slowing demand this year, although steady production cuts by the OPEC+ and little de-escalation in the Israel-Hamas war heralded tighter supplies.

By Ankur Banerjee

Indian Navy is set to commission Naval Detachment Minicoy as INS Jatayu today – March 6. The move aims to bolster security infrastructure at the strategically crucial Lakshadweep Islands, officials told PTI. Established in the early 1980s, Naval Detachment Minicoy operates under the command of the Naval Officer-in-Charge (Lakshadweep).

Read the full story here.)Sensex Today Live : Gift Nifty Futures was trading marginally ahead of Nifty 50's Tuesday close, indicating a muted start for Indian benchmark indices. Sentiment for Indian markets would be marred further by the mixed performance of global peers that were weighed down by the cautious mood elsewhere.South Korean shares fell for a second straight session on Wednesday, dragged down by heavyweight chipmakers tracking losses in global peers.The benchmark KOSPI fell 5.42 points, or 0.20%, to 2,643.98 by 0110 GMT.

Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal's floor price has been set at ₹159.4 per share, indicating a 4% discount on Zomato's current market price, as per the report.

Sensex fell 195.16 points to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. Nifty 50 formed a small negative candle on the daily chart with a minor upper and lower shadow. Technically, this pattern indicates a minor downward correction in the market with high volatility.

Sensex fell 195.16 points, or 0.26%, to close at 73,677.13, while the Nifty 50 settled 49.30 points, or 0.22%, lower at 22,356.30. “Investors are awaiting Fed Chair Powell’s testimony to get some input on interest rates. Overall, markets are likely to consolidate in the near term with sectorial rotation amid key events lined up.