China Financial News

iQOO Neo 9 Pro has been confirmed to launch in India on the 22nd of February, and many of the specifications of the upcoming smartphone have already been officially revealed by the company. The smartphone is coming to the Indian market after making its debut in the Chinese market in December. According to a leak by tipster Mukul Sharma, citing a screengrab of the iQOO Neo 9 Pro product page, the smartphone will be priced at ₹37,999 for the 8GB RAM/256GB storage variant and with a ₹3,000 bank discount, the price of the smartphone comes down to ₹34,999.

Vikas Pershad, Fund Manager, M&G Investments, says “one has to think about not just China plus one, but also one plus India. If you are selling into a country, add India; if you are making in another country, you have to think about India now, which I have come around to, I was not a believer in a big way just a couple of years ago.” Markets always follow a style. There is a time when dividend investing will do well. There is a time when growth does well. There is a time when value does well. In the last 18 months, growth has done well in India whether it is some of the defence, cyclicals or infrastructure names and value has made a comeback which is PSU. It is a rarity. Why is that we are seeing a rising tide phenomenon? Vikas Pershad: Before we look abroad, you look internally and look at the retail interest, how the financialisation of savings is happening here in India. Retail investors are now taking money from other sources and putting it into the market and I think that is driving it. You have a lot of people focussed on this market. You have China, on one hand, that has gone from being a specialist market to a generalist market and it is back to being now a specialist market.

China is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday, as banks' improving net interest margins give authorities some leeway to use monetary stimulus to shore up faltering economy growth. The loan prime rate (LPR) normally charged to banks' best clients is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC).

South Korean shares rose more than 1% on Monday to their highest level since May 2022, as chipmakers jumped and foreign buying continued on optimism around the government's corporate reform plan. ** The benchmark KOSPI closed up 31.50 points, or 1.19%, at 2,680.26 — its highest level since May 31, 2022.

Oil prices edged down on Monday morning as markets digested comments from U.S. Federal Reserve officials pointing to a more patient stance regarding potential interest rate cuts, in thin early trade on what is a public holiday in the United States. Brent crude futures were down 58 cents, or 0.69%, at $82.89 a barrel. U.S. West Texas Intermediate crude was 35 cents, or 0.44%, lower at $78.84 at 0138 GMT.

Sensex surged 376.26 points, or 0.52%, to end at 72,426.64, while the Nifty 50 settled 129.95 points, or 0.59%, higher at 22,040.70. “Indian markets showed resilience despite volatility. Q3 earning season has ended on a buoyant note with Nifty delivering a strong beat with a 17% YoY PAT growth versus estimates of +11%.

New Delhi: India and Sri Lanka may conclude their long-awaited economic and technology cooperation agreement (ETCA) in FY25, two people aware of the matter said. The ETCA, which builds on an earlier free trade agreement (FTA) implemented in 2000, will enhance bilateral trade between the neighbours. India and Sri Lanka re-launched talks on the ETCA in November 2023 after about a five-year hiatus as both sides are keen to deepen the economic relationship between them.

private sector is ready, and has been shipped for launch on a SpaceX rocket. Work is also in progress on a ground station that will control the asset and process sub-metre resolution imagery from it. ET has learnt that the satellite built by Tata Advanced Systems (TASL) was completed last week and is being sent to Florida for an expected launch by April.

Forbes Media chairman Steve Forbes breaks down the administrations inflationary agenda on Kudlow.

Volkswagen is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new international scrutiny of forced labor by predominantly Muslim ethnic groups. Volkswagen said last week that it was in discussions with one of its main joint venture partners in China, the state-owned Shanghai Automotive Industry Corp., in the wake of allegations of human rights violations at their joint venture in Xinjiang.

print media industry is poised to record robust growth in 2024, with advertising revenues projected to return to pre-pandemic levels and profit margins improving amid softening of newsprint prices. According to the Pitch Madison Advertising Report 2024, print advertising revenue is anticipated to rise by 7%, reaching ₹20,613 crore this year, surpassing pre-Covid figures in 2019. The report predicted a 12% increase in total advertising expenditure to ₹1.11 lakh crore. It also noted a consistent increase in print advertising revenue, from ₹16,595 crore in 2021 to ₹18,470 crore in 2022 and ₹19,250 crore in 2023. Newsprint prices, a significant factor in direct variable costs for print media companies, have decreased from over ₹80,000 per metric tonne post-Covid to about ₹50,000 per metric tonne.

Investing.com — In the holiday shortened week ahead investors will be looking to the latest Federal Reserve minutes for any new insights on the direction of monetary policy. Earnings from chipmaker Nvidia (NASDAQ:NVDA) will be a critical test of the artificial intelligence fever that has helped power gains for U.S. stocks in recent months. Walmart (NYSE:WMT) kicks off earnings from the biggest U.S. retailers, Chinese markets return, and PMI data will shed light on the strength of the global economy. Here’s what you need to know to start your week.

₹57,900 per tonne in September, fell to just over ₹54,000 in February, as per data from SteelMint. “Our retail sector sales dropped because of higher imports from China and FTA countries in the last quarter," Jayant Acharya, joint managing director of JSW Steel said in a recent interview. “Our imports rose by 16% and our exports fell by 16%, and that impacted basic sentiments and retail." The Ebitda margin of JSW Steel contracted nearly 57 basis points sequentially during the December quarter to 17.1% as per Mint’s analysis.

people of Indonesia on the successful Presidential elections and @prabowo on the lead. Look forward to working with the new Presidency to further strengthen Comprehensive Strategic Partnership between India and Indonesia," PM Modi said. Branded as the “reformed" general, Prabowo Subianto is a former officer of the special forces and previously served as the Defence Minister of Indonesia.

Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges for the nation as Beijing seeks more overseas investment to help its economy. China’s direct investment liabilities in its balance of payments rose by $33 billion last year, 82% down on 2022, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — slumped to the lowest level since 1993.

France on the top. India slipped one rank down from last year to 85th even as the countries with visa-free access to its citizens increased to 62 from 60 in 2023. The rank of crisis hit Pakistan stood the same as last year on 106 while Bangladesh's slipped from 101 in 2023 to 102 this year.

China's men's team were crowned winners of the Badminton Asia Team Championships after they dispatched Malaysia 3-0 in a one-sided final Sunday. India ousted Thailand 3-2 to claim the women's title. China came without their top superstars, such as Shi Yu Qi and Li Shi Feng, who are ranked among the world's top three men's singles and second-ranked men's doubles pair Liang Wei Keng-Wang Chang.

Jaishankar and his Chinese counterpart Wang Yi have met briefly in Germany on the sidelines of the Munich Security Conference, their first meeting in more than six months. Video footage from the Munich Security Conference showed Jaishankar and Wang having a brief chat on the sidelines of the prestigious event attended by US Secretary of State Antony Blinken and other top diplomats from across the world. However, there is no official word on the gist of their discussion from both capitals. This was the first meeting between the two leaders in over six months. The two last met in July in the Indonesian capital Jakarta at the ASEAN Regional Forum.

stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States. It's a perilous time for investors in China. Their main vehicle, so-called A shares of Chinese companies, fell more than 11% in 2023 and have continued their losses this year. Many investors have instead flocked to the exchange-traded funds that track foreign markets and that have been performing much better.

Russia conducted a series of secret military satellite launches around the time of its invasion of Ukraine in early 2022, U.S. intelligence officials began delving into the mystery of what, exactly, the Russians were doing. Later, spy agencies discovered Russia was working on a new kind of space-based weapon that could threaten the thousands of satellites that keep the world connected. In recent weeks, a new warning has circulated from U.S. spy agencies: Another launch may be in the works, and the question is whether Russia plans to use it to put a real nuclear weapon into space — a violation of a half-century-old treaty. The agencies are divided on the likelihood that President Vladimir Putin would go so far, but nonetheless the intelligence is an urgent concern to the Biden administration.

₹1,781, thanks to increased volume and higher realization, with a favourable product mix contributing to this rise. The company is poised for a strong final quarter, bolstered by a price increase of ₹600-650 per tonne in January, which would boost realization further. Moreover, NMDC is confident of achieving a production volume of 46-47 million tonnes in FY24, marking a 13% year-on-year increase in Q4 to meet the lower end of its guided range.