China Financial News

By Aditya Soni

By Abhirup Roy

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

Tesla (NASDAQ:TSLA)'s CEO Elon Musk issued a warning on Wednesday, suggesting that Chinese automakers would “destroy” global competitors if trade barriers are eliminated.

By Noah Browning

Investing.com — U.S. futures traded in a muted fashion Thursday as investors digested a deluge of quarterly corporate earnings ahead of the release of key economic growth data.

Investing.com-- Most Asian stocks rose on Thursday, with Chinese markets extending a rebound after the government announced more monetary stimulus measures, while Japanese shares lagged as mixed cues from the Bank of Japan spurred more profit-taking.

In the final quarter of 2023, Apple's (NASDAQ:AAPL) smartphone shipments in China declined by 2.1%, as per data from research firm IDC, citing increased competition from local rivals led by Huawei.

The S&P 500 has hit four new all-time highs in as many days. Wednesday’s rally ran into a bit of trouble late in the day, which saw the major indexes give back all or most of their earlier gains.

BENGALURU : Tesla tumbled more than 8% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world's most valuable automaker. Musk said growth would be "notably lower" as Tesla focuses on a cheaper, next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries. But his remarks fell flat with investors, with Tesla set to lose more than $50 billion in market value, if premarket loss hold.

In the face of China’s economic downturn and a sluggish stock market, Chinese investors are turning to the crypto market as a safer alternative to traditional investments, despite the government’s crypto ban.

Indian bonds are likely to attract about $100 billion of foreign inflows in the coming years, lured by the global bond index inclusion, according to HSBC Asset Management.

Emerging-market stocks gained Tuesday as shares in Hong Kong rebounded from a 14-month low on speculation of a new stimulus package in China, while currencies pared earlier losses.

Stocks gained as an onslaught of positive earnings from technology companies reinforced the picture of a broadly robust corporate sector.   

This could be another setback to India-Canada ties which deteriorated after Canadian Prime Minister Justin Trudeau accused India for the murder of Khalistani terrorist and a Canadian citizen Hardeep Nijjar in Vancouver last year, Many see targeting India as a meddler in elections as a ploy by the Trudeau government to deflect attention from the rampant Chinese interference which has been in favour of Trudeau's Liberal Party. China is known to infiltrate parliaments in many developed countries.

Indian industry, including exporters on Thursday, asked the government to provide tax incentives for research and more funds for marketing activities in the Budget to boost manufacturing and the country's outbound shipments. They also urged the government to consider developing a global shipping line in partnership with the private sector. India's outward remittance on transport services is increasing with rising exports. «We remitted over USD 80 billion as transport service charge in 2021. As the country moves towards the goal of USD 1 trillion, this will touch USD 200 billion by 2030,» Federation of Indian Export Organisations (FIEO) said, adding that the private sector may be engaged to develop the shipping lines. This will also reduce arm-twisting by foreign shipping lines, particularly of our MSMEs, the organisation said.

There is no denying the fact that raising small loans on a lending app is a cakewalk.  However, some of these apps are not credible and can abuse your financial data and privacy to dupe you. So, it is imperative to be confident of the app’s credibility before jumping the gun.

India topped the chart for the 10th straight month with the best PMI reading, top-notch stock market performance, and strong exports growth. China climbed two spots to reach No.

Mohamed Muizzu asking India to withdraw troops from the island nation, India's Navy Chief R Hari Kumar has said that Prime Minister Narendra Modi's government has not told its defence personnel to pull out from Maldives. India and Maldives are reportedly in talks over the removal of troops from Maldives.

In a market teeming with activity, Bitcoin’s latest surge to $40,000, marking a nearly 1% increase on Thursday, has investors and analysts revisiting their Bitcoin price predictions. This uptick comes amidst a flurry of significant developments: Chinese investors, spurred by stock market dynamics, are increasingly engaging with Bitcoin despite its prohibited status in the country.

BEIJING — Expectations for more support from China to boost its economy and stock markets are rising— especially after the central bank's easing announcements on Wednesday.