China Financial News

Investing.com-- Most Asian stocks retreated on Wednesday, tracking overnight weakness in Wall Street as risk sentiment wavered ahead of more cues from the Federal Reserve and key earnings from artificial intelligence giant NVIDIA Corporation (NASDAQ:NVDA). 

ceasefire in Gaza amid the Israel-Hamas conflict, Reuters reported. The resolution, put forward by Algeria, sought an immediate humanitarian ceasefire, while the US has pressed for a temporary ceasefire tied to the release of hostages held by Hamas.

China's stock exchanges on Tuesday said major quant fund Lingjun Investment had broken rules on orderly trading and barred it from buying and selling for three days, as part of wider regulatory efforts to revive market confidence. Orders from Lingjun to dump stocks in early trade on Monday coincided with rapid declines in the benchmark indexes, the Shenzhen and Shanghai stock exchanges said, adding they would restrict the hedge fund's trading until Feb. 22.

edtech platforms move towards deploying artificial intelligence tools to enhance offerings, a clear divide has emerged within various segments of the industry. While higher education and upskilling startups are anticipating greater benefits from the technology, those servicing schools and students on a large scale may run into some headwinds, founders and executives at edtech companies told ET.

Against a backdrop of continuing demand for financial planning advice around the world, the global community of certified financial planning professionals set a new record last year, according to the FPSB.

By Jamie McGeever

Once upon a time, Japanese cars were seen as exotic vehicles that could never take on the might of Ford and General Motors. Right now, Chinese EVs are in a similar place. “Corolla, New Economy Car, Is Shown Here by Toyota," the New York Times yawned in a 1968 headline, introducing history’s best-selling automobile to the US market.

Siemens, one of the world’s biggest wind turbine makers, points out that “energy bills will have to keep rising to pay for the green transition." (bit.ly/48qpYmx) A recent Bloomberg article (bloom.bg/3T60wyq) noted, “Affordable power is a key precondition for industrial competitiveness, and even before the end of Russian gas supplies, Germany had some of the highest electricity costs in Europe. Failure to stabilize the situation could transform a trickle of manufacturers heading elsewhere into a stampede." The article goes on to cite the OECD that “no major industrialized economy has ever had the very basis of its competitiveness and resilience so systematically challenged by changing social, environmental and regulatory pressures." In surveys, energy security and costs are cited as the major reasons for German businesses to move abroad. It is often claimed that the shift to renewables makes countries more energy secure, but most clean energy supply chains are dominated by China (tinyurl.com/y59rke62), leaving future green energy heavily dependent on one supplier.

XX% of Hindalco’s consolidated revenue and XX% of its profits. It is the largest producer of aluminium sheets for beverage cans in the world outside of China, and has a significant share of the aerospace and specialty products market, thanks to its acquisition of Aleris.

China's central bank has cut its five-year loan prime rate while leaving its one-year rate unchanged

UK prosecutors are challenging the claims of a British-Chinese national who says she had “no idea” she was part of a $6.3 billion Bitcoin money laundering plot.

In an exclusive, gaming-focused interview with Cryptonews, the BLOCKLORDS game CEO David Johansson talked about the indestructible link between crypto and gaming.

₹10,000 crore and create 35,000 jobs, something that failed to materialize as owners chose to continue to sell old vehicles in rural areas instead. “The reason for the failure of this scheme is lack of incentives," said a government official, one of the two people cited above. "So, the plan is that both the government and automobile manufacturers offer incentives to the consumers—government incentives may come in the form of taxes, and auto manufacturers incentive could come in the form of discounts on the price of the vehicle," the official added.

Tata Motors faltered due to what insiders describe as Volkswagen’s “slow pace" and a reluctance to relinquish operational control, leading to a loss of interest from the Indian players. The company’s India operations are helmed by the Skoda brand in the Skoda Auto Volkswagen India Group, which will soon announce the next phase of its India strategy. “India’s automotive landscape is characterized by a dominance of the top five OEMs, with a highly fragmented tail end of the market.

U.S. lawmakers are raising alarms about what they see as America’s failure to compete with China in biotechnology

Stocks are off to a weak start at the beginning of a holiday-shortened week

The Singapore Airshow – Asia's largest – kicks off Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner

Vedanta, National Mineral Development Corporation (NMDC), Tata Steel traded lower on Tuesday, February 20 after data suggested that iron ore slumped to a three-month low as investors fretted that steel demand wouldn’t stage a strong recovery in China after the Lunar New Year break. Futures sank more than five per cent in Singapore to hit the lowest intraday price since early November, following a drop in the week’s opening session.

NEW DELHI : India’s economy is performing well, with risks evenly balanced, to achieve 7% growth in FY25, but geopolitical tensions and geo-economic fragmentation pose risks to the country’s growth, the finance ministry said in its latest monthly economic review. In its economic review for January, the ministry said risks to global trade, including a spike in commodity prices due to the Houthi militant group’s attacks on important trade routes in the Red Sea region, have resulted in supply chain disruptions.

Last week, major US stock indexes experienced a slight decline, marking only the second negative week in the past 16.

India will not support further continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), meeting in Abu Dhabi next week, an official said Tuesday, as besides loss of revenue for developing countries, it also constrains their policy space. New Delhi is of the view that e-commerce needs to be looked at from a development dimension and not from the “eyes of big tech companies”.