China Financial News

According to the OECD, Canada was the third largest recipient of foreign direct investment (FDI) inflows in the first three quarters of 2023 (at US$42 billion), behind only the United States and Brazil. Does that mean Canada is doing well attracting capital, as the federal government has argued? Not really. Not if you consider outflows, too.

Shares have risen in China after Beijing ousted its top stock market regulator and announced more funding for hard-strapped property developers

BEIJING — Chinese stocks will likely climb by at least 10% in coming days as authorities signal concerted support efforts, said Marko Papic, partner and chief strategist at Clocktower Group.

Nissan has reported its profit sank in October-December to about half of what it earned in the same period the year before

Bitcoin (BTC) rose above $46,000 on Friday, hitting its highest level in a month.

Ethiopia is growing popular for Bitcoin mining after China ejected the industry from its borders in 2021.

China has ramped up its digital yuan work over the last year, while the ECB is now in the preparation phase for a digital euro and India is seeing a million transactions per day processed by commercial banks throughout the country for the digital rupee. Yet in the US, the Federal Reserve has been cautious about pushing ahead with pilots and several governors have expressed scepticism about the need for a CBDC. This month, Donald Trump vowed to prevent the creation of a digital dollar if he wins the US presidential election, calling a CBDC a "dangerous threat to freedom". Josh Lipsky and Ananya Kumar from the Atlantic Council’s GeoEconomics Centre warn that technological payments innovation at the Fed is lagging behind its peers and competitors.

₹50 crore. It is this investment in the company that is under scrutiny, said the official cited above.

Since returning from this year’s World Economic Forum (WEF) meeting in Davos, I have been asked repeatedly for my biggest takeaways. Among the most widely discussed issues this year was artificial intelligence (AI), especially generative AI (GenAI).

The flow of money moving across borders is rebounding from a record low as investors prepare for interest-rate cuts globally, according to the world’s largest custodian bank.

Some influential dealers are pressing General Motors to introduce hybrid models, worried they risk losing customers who aren’t ready to make the switch to fully electric cars. Dealers who serve on advisory committees to the automaker have urged executives in several recent meetings to add hybrids to GM’s lineup, according to people involved in the discussions. GM has focused on fully electric cars in recent years and largely bypassed hybrids, which pair an internal combustion engine with a small battery and electric motor to boost fuel efficiency.

Considering Apple's compliance with the EU regulation, should competition authorities in India also mandate the company to accept the installation of alternate app stores and non-Apple payment gateways? Probably not. A more sensible approach would be to accept Apple’s App Store and Google’s Play Store as natural monopolies in their spheres and regulate the tariff, without compromising the security and integrity of these platforms.

As the White House ponders its response to the attack on Tower 22, the U.S. military outpost in Jordan, the news from the Middle East could hardly be worse. From Gaza to the Red Sea and from Jordan to Iraq, a stream of unprovoked attacks by Iran and its proxies are driving President Biden into the greatest crisis of his presidency.

ALSO READ: Wall Street week ahead: Investors’ major focus on Fed rate decision, big tech earnings The US central bank is widely expected to keep interest rates unchanged, but investors and traders will look for signals from the Fed meeting outcome and chairman Jerome Powell’s press conference whether the central bank will start cutting interest rates at its next monetary policy meet in March. On Friday, the S&P 500 slipped 3.19 points, or 0.1 per cent, to 4,890.97. The Dow Jones Industrial Average rose 60.30, or 0.2 per cent, to 38,109.43.

foreign interference program.The Immigration and Refugee Board ruled that Jing Zhang had worked for the Overseas Chinese Affairs Office (OCAO), which it said conducts espionage in Canada.While immigration officials did not argue that Zhang committed espionage, the Refugee Board found that as an 11-year OCAO employee, she had contributed to its efforts to pressure the Chinese diaspora.According to the 32-page decision, the Peoples Republic of China (PRC) uses the OCAO to silence dissent overseas.The organization “was and remains involved in espionage against the PRC‘s targeted individuals and groups in Canada,” the IRB added.“The OCAO conducting espionage, surveillance or covert monitoring of Chinese and ethnic Chinese dissidents or minorities in Canada is against Canada, and contrary to its security interests.”The decision to deport Zhang for security reasons was handed down on Aug.

ALSO READ: Maldives news: Opposition MPs engage in fight during parliamentary proceedings, video goes viral Analysis of the data show that in the last one month, China took over India in terms of the number of tourist arrivals in the Maldives around January 21. Before this, China was trailing India in chart showing 'Top 10 Markets 2024' of the Maldives tourism. As of December 31, India bagged the top spot in the Maldives tourism market share (11.1 percent), followed by Russia and China (10 percent).

Delhi court on Monday extended the judicial custody of NewsClick founder and editor-in-chief Prabir Purkayastha and HR department head Amit Chakravarty in a case lodged under anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda. While Purkayastha is an accused in the case, former co-accused Chakravarty recently turned approver in the matter. Additional Sessions Judge Hardeep Kaur on Monday extended their judicial custody till February 17, 2024.

United States Presidential candidate Robert F Kennedy Jr said a Central Bank Digital Currency (CBDC) would lead to government control over personal finances and vowed to end all efforts towards its development.

Markets opened the week on a cautious note as investors readied for central bank updates on the outlook for interest rates and braced for a deluge of earnings. Oil prices rose amid escalated Middle East tensions. 

UBS Group strategists are forecasting a challenging period ahead for global equities, which are currently trading near all-time highs.

Gautam Adani's sprawling conglomerate is core to India's ambitions to become the world's third-largest economy by 2030, as it plays a key role across the infrastructure sector, US-based Cantor Fitzgerald & Co said in a note. Adani Enterprises Ltd, the group's flagship company, can deliver a gain of more than 50 per cent, analysts Brett Knoblauch and Thomas Shinske wrote in a note dated January 28, initiating coverage of the company. «India is now the most populous country in the world and has ambitions to be the world's third-largest economy by 2030. To get there, India needs to invest in both digital and physical infrastructure, in addition to increasing its energy production, as energy consumption will be meaningfully higher,» the US-based broker said.