China Financial News

While it will likely be a relatively quieter week so far as macro data is concerned, North American markets re-open today after a long weekend, and with China also back this week, markets should turn a bit livelier after a quiet period.

Russia has never hurt India’s interests and everyone conducts a relationship based on their past experiences, was External Affairs Minister S Jaishankar’s straight reply to German economic daily, Handelsblatt. “…The relations of powers like Europe, the US, China or Japan with Russia, they have all seen ups and downs. We have had a stable and always very friendly relationship with Russia. And our relationship with Russia today is based on this experience. For others, things were different, and conflicts may have shaped the relationship. We, on the other hand, had a politically and militarily much more difficult relationship with China, for example,” Jaishankar said, adding,” My point is: just as I do not expect Europe to have a view of China that is identical to mine, Europe should understand that I cannot have a view of Russia that is identical to the European one. Let us accept that there are natural differences in relationships.” The interview was conducted during Jaishankar’s recent visit to Munich.

exports to achieve a 10% growth rate for the economy, said Arvind Panagariya, chairman of the Sixteenth Finance Commission. “I’ve looked at successful countries such as Hong Kong, Singapore, Taiwan, South Korea, China, and India – these are the six high-growth examples. My conclusion is very clear – countries that have been open are the ones that have grown rapidly,” Panagariya said. The former vice chairman of Niti Aayog further highlighted that the country needed to follow China’s strategy to increase its per-capita income and wean away from idea of import substitution.

rupee ended slightly higher on Tuesday as dollar demand from importers capped gains that came on the back of likely inflows, traders said. The rupee ended at 82.9625 against the U.S. dollar, higher by 0.06% compared to its close at 83.0150 in the previous session.

The Chinese city of Shenzhen has implemented digital yuan smart contracts for car pre-payments, a collaboration with the Agricultural Bank of China.

By Paul Carsten

By David Shepardson

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors digested a bigger-than-expected cut in China’s benchmark lending rate amid persistent concerns of slowing growth, while Barclays soared after announcing a strategic overhaul. 

(Reuters) -Singapore Airlines Ltd (SIA) reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets.

Investing.com-- The People’s Bank of China cut its five-year benchmark loan prime rate by a bigger-than-expected margin on Tuesday, loosening monetary conditions further in a bid to support a slowing economic recovery in the country. 

Investing.com-- Most Asian stocks retreated on Tuesday, extending recent losses as persistent concerns over slowing economic growth and high U.S. interest rates largely offset a bigger-than-expected cut in China’s benchmark lending rate.

US dollar's 2024 uptrend has shown signs of slowing down recently despite the US CPI and PPI data coming in higher-than-expected last week.

Pakistan's debt situation, describing it as a "raging fire" that has become unsustainable, as per a Bloomberg report. This assessment is more severe than that of the International Monetary Fund (IMF), which had previously deemed the country's dues as "borderline" manageable, according to a 68-page report by Tabadlab.

telecom towers along the Line of Control (LoC) in Pakistan-occupied Kashmir (PoK). These towers are believed to assist terrorists and their associates in infiltration activities, as reported by news agency PTI. Use of Encrypted YSMS Services by Terrorists

Arunachal Pradesh keep prospering for years to come," he said. Arunachal Pradesh attained full statehood on February 20, 1987, with the Fifty-Third Amendment of the Indian Constitution, 1986, becoming the 25th state of the Indian Union. Since then, February 20 has been celebrated as Statehood Day of the Himalayan state.

cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast. “The problem with cocoa is that’s a poor man’s crop,” explained my dining companion, a government official-turned-businessman. “Do you see any commercial plantation around here? No,” he said. “And do you know why? Because prices aren’t high enough.” Only because millions of West African farmers saw cocoa as their only way to escape abject poverty, the world had plentiful supply and low prices. As a result, you and I have been enjoying the pleasures of chocolate on the cheap for decades.

If investing is about pouncing at the point of maximum pessimism, lithium stocks must be worth a fresh look. The metal used to make electric-vehicle batteries has given investors whiplash. Prices rose rapidly in 2021 and 2022 before falling even faster in 2023.

Read the full story here.)The domestic equity market indices, Sensex and Nifty 50, are expected to open on a flat note on Tuesday tracking mixed global market cues.Asian markets traded mixed as China’s central bank cut the benchmark five-year loan prime rate for the first time since June. The US stock futures were muted amid lack of fresh triggers.Meanwhile, investors now eye the minutes from the US Federal Reserve’s January policy meeting due on Wednesday for more clues on its interest rate cut timing.

Russia’s Sokol crude — meant for delivery to India — are sitting on tankers idling off the coasts of Malaysia and South Korea. They show little sign of moving. Twelve tankers are anchored, holding the key Russian crude grade. Most haven’t moved far for more than a month, vessel tracking data compiled by Bloomberg show. The build-up started when ships carrying the crude to ports around the Indian coast came to a halt late last year and then turned back towards the South China Sea as December drew to a close. Since then, the stranded shipments have been added to at a rate of about two new cargoes a week.

Sensex gained 281.52 points, or 0.39%, to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. “Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth.

interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures. China's five-year loan prime rate was lowered by 25 basis points to 3.90%, bigger than the five to 15 bp cuts forecast by economists. The Shanghai Composite, however, fell 0.7% in early trade and blue chips fell 0.6%.