China Financial News

24.01 / 21:47

COST UPS Tesla Trade reports Tesla warns of slower volume growth in 2024 after margin falls; shares down 5%

(Reuters) — Tesla (NASDAQ:TSLA) on Wednesday reported a fall in fourth-quarter gross margin from a year earlier as it cut prices and offered incentives to boost demand for its electric vehicles.

24.01 / 20:15

markets Target Action economy Align Experts PBOC's Bold Move: RRR Cut to Inject $139 Billion in Liquidity

Quiver Quantitative — In response to economic challenges and a significant stock market decline, China has announced a strategic reduction in its reserve requirement ratio (RRR) for banks. Set for implementation on February 5, this move aims to inject 1 trillion yuan ($139 billion) of long-term liquidity into the market. This proactive step, unusually announced in advance by the People's Bank of China (PBOC), is part of broader measures to stabilize the economy and financial markets. These efforts include enhanced support for the property sector and deepening financial collaboration with Hong Kong.

24.01 / 20:14

markets UPS economy wellness country Oil prices rise as US crude oil stocks slump, China stimulus boosts demand hopes

Investing.com — Oil prices settled higher Wednesday, as sentiment was boosted by a much larger than expected decline in U.S. weekly crude stockpiles and hopes that fresh stimulus measures to boost China's economy will shore up the oil demand outlook.

24.01 / 19:15

Extreme Action security President War reports Red Sea attacks could trigger WW3, warns UNGA president

New Delhi: UN General Assembly president Dennis Francis warned that the Red Sea conflict could trigger another World War, and buttressed the need to reform the Security Council. Francis told reporters in New Delhi on Wednesday the possibility of escalation and regionalization of the conflict in the Red Sea had created a dangerous situation. “That is an extremely disturbing situation.

24.01 / 19:15

UPS Provident country exclusive folk India to push full EEZ access for poor fisher folk at WTO meet

New Delhi: India has taken a strong stance on the issue of subsidies provided to poor and marginal fishermen. The country is planning to push its demand for the extension of subsidies to poor fishermen up to 200 nautical miles (nm) at the WTO Ministerial Conference (MC13), to be held from 26 February to 29 February in Abu Dhabi, a senior official said on Wednesday.

24.01 / 19:15

Target Manufacturing wellness performer reports Tata Steel posts profit in Q3 even as Europe ops bleed

₹522 crore during the quarter compared to a loss of ₹2,502 crore in the corresponding quarter last year and ₹6,511 crore in the preceding quarter. The recovery was primarily led by the domestic unit of Tata Steel, which reported a pre-tax, depreciation and interest profit of ₹8,257 crore compared to ₹5,335 crore last year. Meanwhile, Europe reported a loss of ₹2,872 crore before tax, depreciation, interest and exceptional items.

24.01 / 17:19

Abrdn funds Quilter Three abrdn funds lose FE fundinfo 5-Crown rating

19 funds gained FE fundinfo's 5-Crown rating, bringing the total number of 5-Crown rated funds to 261.

24.01 / 16:53

UPS security show country social hospital reports At least 39 dead in central China fire

«At 3:24 pm (0724 GMT) on January 24, a fire broke out on the below-ground level at a store… in Xinyu, Jiangxi,» the country's state broadcaster CCTV reported.

24.01 / 16:11

Reuters CEO Platform Tesla information reports Tesla plans affordable mass-market EV in mid-2025

Tesla (NASDAQ:TSLA) has informed its suppliers of plans to commence production of a new mass-market electric vehicle, codenamed «Redwood,» by mid-2025, as reported by Reuters on Wednesday, citing four individuals familiar with the matter, with two sources describing the model as a compact crossover.

24.01 / 16:11

Target Apple wellness AAPL Updates Apple earnings to serve as a clearing event - Morgan Stanley

Ahead of Apple's (NASDAQ:AAPL) earnings release at the beginning of February, analysts at Morgan Stanley said they expect the release «to serve as a clearing event.»

24.01 / 15:47

markets UPS WhatsApp Trade love 2020 Morning Coffee: Trader laments his missing mojo in tragic investor letter. Barclays lost M&A bankers are finding some love

Global macro investing is a tough business. Your position sizes are big, and they’re often leveraged. And “relative value” trades have the nasty property that sometimes the “cheap” side gets cheaper while the “expensive” side gets more so, leaving you with a “hedge” position that’s losing money at double the speed.

24.01 / 15:02

Kucoin Apple Bitget Animoca Brands and HashKey Sign Strategic Partnership Deal + More Crypto News

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

24.01 / 13:29

markets UPS Manufacturing economy Trade performer reports Stocks climb on positive tech earnings, China rescue report

By Tom Wilson

24.01 / 13:29

markets Reuters Manufacturing Netflix Tesla information reports Netflix, Tesla and ASML rise premarket; AT&T, DuPont fall

Investing.com — U.S. futures rose Wednesday, boosted by generally positive corporate results as the quarterly earnings season kicks into top gear.

24.01 / 13:01

Provident Fighting Election Congress made unreasonable demands, delayed seat-sharing discussions: TMC sources

Mamata Banerjee announced her party will go it alone in the Lok Sabha polls in the state, TMC sources on Wednesday claimed the Congress delayed the talks and made unreasonable demands on seat-sharing without acknowledging the ground reality. The Trinamool Congress (TMC) is open to «courtesy back-channel» talks but there is hardly any hope left for reaching a pact, they said. Maintaining that TMC had offered two Lok Sabha seats to the Congress in West Bengal, a senior party leader said it is open to discussing a third seat, provided Congress agrees to give the TMC seats in Meghalaya and Assam.

24.01 / 12:51

COST UPS Sustainability War General Dynamics revenue beats on defense demand; supply woes persist

(Reuters) -General Dynamics beat Wall Street expectations for fourth-quarter revenue on Wednesday, as a tense global political climate sustained demand for its military equipment even as supply-chain pressures drove up costs.

24.01 / 12:51

Provident Analysis wellness trends performer DuPont stock drops 12% on preliminary results, soft guidance

DuPont de Nemours (NYSE:DD) provided today a preliminary outlook for the first quarter, which sent shares lower by nearly 12%.

24.01 / 12:35

Cooper Aware Research President track country reports Mint Explainer: Why India’s antsy about a Chinese ship heading to the Maldives

Mint breaks down why India is unhappy with the Chinese vessel making its way through the Indian Ocean to the Maldives. On Monday, news surfaced that a Chinese research vessel, Xiang Yang Hong 3, will be visiting the Maldives in the coming weeks. The vessel had earlier requested permission to visit Sri Lanka but this was denied.

24.01 / 12:35

Extreme Action security President War NOT Third World War not beyond realm of possibility: UN General Assembly President

NEW DELHI : UN General Assembly president Dennis Francis warned that the ongoing conflict in the Red Sea posed an extremely disturbing situation that could trigger another mass war on a global level. Speaking at a press briefing in New Delhi on Wednesday, Francis said the possibility of escalation and regionalization of the conflict in the Red Sea had created a dangerous situation. “That is an extremely disturbing situation.

24.01 / 12:35

markets UPS economy Trade country reports play A Smarter Way to Play ‘China Bailout Roulette’

Will Beijing bring out its big bazooka to rescue China’s battered stock market? That is the billion-dollar question as investors try to time the bottom for Chinese stocks. But they might be wise to also look at some easier bets. Chinese stocks are off to a bad start in 2024, after doing poorly over the last couple of years.

24.01 / 11:55

markets UPS Provident Manufacturing economy inclusion Destinations Why HSBC sees $100B foreign inflows for Indian bonds

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.

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