China Financial News

Shashi Tharoor on Wednesday said he doesn't think the China border is fortified the way the national capital is, adding that it's a democratic right of the farmers to protest and to be heard in the national capital. The member of Parliament for Thiruvananthapuram was reacting over the ongoing farmers' protest near different borders of the national capital demanding a legal guarantee for the Minimum Support Price (MSP) for all crops, a complete waiver of farmer debts, pensions for farmers, and the implementation of the Swaminathan Commission's recommendations. “It's a democratic right of the farmers to protest and come and be heard in the National capital.

Indiamart Intermesh, an online B2B marketplace, with a 'buy' tag, setting a target price of ₹3,400 apiece, which implies a 26% upside from the stock's current trading price. Additionally, in a bull case scenario, the brokerage sets an even higher target price of ₹3,820 for the stock. The brokerage's bullish outlook stems from the company's strong position in the online B2B classified segment, potential revenue growth driven by the rise in digital penetration among SMEs, and reasonable valuations.

Indian steel-makers, with leverage for the sector weakening to 2021 levels if input prices remain at the current levels, said S&P Global Ratings. «We no longer think India's leading steel companies will shed debt in the coming fiscal year,» said Anshuman Bharati of S&P said in a note on Wednesday. «Instead, debt should remain at the same level, due to narrower steel spreads that will feed into cash flows.» The firm sees the consolidated debt of major steel makers in the country — which account for three-fifth of the country’s production — at 2.1 trillion rupees as on March 2025, up 150 billion rupees from what was previously estimated.

Chinese ‘Dragon Mart’ facility. It will serve as a warehousing facility for Indian MSMEs to trade in Dubai and work as a unified platform for Indian exporters to showcase their products in the Gulf nation. Like Dragon Mart, India's Bharat Mart is still in the conceptual stages and will be visually launched.

The proportion of investors expecting a weaker economy in the next 12 months decreased to a net 25%, from January’s 40%, the survey found.

Read here: MSCI Rejig: PNB, BHEL, NMDC, among five additions to India Standard Index; 27 stocks added to Small Cap index Overall, Nuvama Alternative & Quantitative Research expects India to witness upwards of $1.2 billion FII passive inflow after these adjustments, which will take place on February 29. Currently, India holds approximately 17.9% representation in the MSCI Emerging Market Index. Following the February rejig, the weight will increase to over 18.2%, marking a historic high.

Nilesh Shah, MD of Kotak Mahindra AMC says there are mixed signals in the market for various segments. While there is a green signal for large caps, there are red signals for micro, mini-caps and SMEs. In an interview with Mint, Shah recommends investors should maintain a neutral allocation to equity with a long-term view while keeping some cash to increase exposure when valuation is cheaper.

P V Sindhu made a winning return from a lengthy injury lay-off as India stunned formidable China 3-2 in the women's competition of the Badminton Asia Team Championships here on Wednesday. With just two teams in Group W, India were assured of a knock-out round berth even before their opening match but the team made its mark in style with the shock win over the top-seeded Chinese team. Sindhu, who was missing in action since October last year due to a knee injury at the French Open, led the way as she beat higher-ranked Han Yue 21-17 21-15 in 40 minutes to give India 1-0 lead in the tie. The 28-year-old, who won a silver in the 2016 Olympics followed by a bronze in the Tokyo Games, is currently ranked 11th while Yue is world number eight.

defence ministry said it detected 14 Chinese air force planes operating around Taiwan and carrying out "joint combat readiness patrols" with Chinese warships on Wednesday. China, which views Taiwan as its own territory, has over the past four years regularly sent warplanes and warships into the skies and waters around the island as it seeks to assert sovereignty claims that the Taipei government rejects. Taiwan's defence ministry said that starting around 1 p.m. (0500 GMT) on Wednesday it had detected 14 Chinese aircraft including J-16 fighters and drones operating off northern and southwestern Taiwan.

the semiconductors that power the digital economy have proven trickier to master. That has been the source of much anxiety among its political and business elites in recent years. America’s decision in 2022 to halt exports to the country of its whizziest chips and chipmaking tools brought into stark relief the chokehold of China’s geopolitical rivals over the industry.

Also Read: US consumer inflation reduces to 3.1% in January Currently, the Federal Reserve is maintaining interest rates at their highest level in over two decades, aiming to gradually restore inflation to the targeted 2% rate over the long term. Since March 2022, the US central bank has increased its policy rate by 525 basis points to the current range of 5.25% to 5.50%. As concerns over potential Federal Reserve interest rate cuts heightened due to the significant inflation figures, major equity markets globally concluded Tuesday's session in the red.

Gold languished near a two-month low on Wednesday, trading below the key $2,000 per-ounce level, after a stronger-than-expected U.S. inflation report dampened expectations for more than three quarter-point rate cuts from the Federal Reserve. FUNDAMENTALS

shares on Dalal Street over those in Shanghai. Since January 2021, India's weight in the MSCI Standard Index has more than doubled from 8.9% to 18.2%, whereas China's weight has declined from 40.1% to 25.4% during the same period. This is the shortest-ever gap between the weights of stocks of the two countries. Analysts expect this gap to shrink further with the likelihood of higher flows into India as economic uncertainty in China is driving overseas fund managers out of the country.

Steven Nerayoff, a key figure previously advising Ethereum, leveled allegations at Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC) on Tuesday, hinting at Gensler’s undisclosed deep ties with Ethereum and potential influence by external political forces.

Restaurant Brands International beat Wall Street estimates for quarterly results on Tuesday, lifted by signs of a turnaround at its Burger King business and robust demand at coffee chain Tim Hortons.

At first glance, India looks like a digital star, with inexpensive bandwidth, rising enthusiasm for e-commerce, and a fast-growing cluster of innovative companies. Our public digital infrastructure is getting broader and deeper by the day, and the number of internet users is fast approaching 900 million, more than double the figure of 2016. And yet, we still have a lot of catching up to do.

(Reuters) — China's BYD Co (SZ:002594) Ltd is planning to set up a new manufacturing plant in Mexico, Nikkei reported on Wednesday, citing the company's Mexico head, as the electric vehicle maker aims to establish an export hub to the United States.

BYD (BYDDF (OTC:BYDDF)), China's EV manufacturing giant and the archrival of Tesla (NASDAQ:TSLA) in the country, is considering building a factory in Mexico, according to a report by Nikkei.

(Reuters) — The Financial Crimes Enforcement Network (FinCEN), a unit of the U.S. Treasury, proposed new regulations on Tuesday that would require investment advisers to help prevent money laundering and the financing of terrorism.

In the most bullish sentiment seen in two years, the latest Bank of America’s Fund Manager Survey (FMS) shows a significant shift in investor behavior and market outlook.

By Hyunjoo Jin and Abhirup Roy