China Financial News

The Maldives government has confirmed giving clearance to a Chinese ship to dock in its port, a move which could further irk India with whom the tiny archipelago nation is involved in a diplomatic spat

Competition Commission of India (CCI) on January 23 approved JSW Ventures Singapore's acquisition of up to 38 percent of MG Motor India, as per an order statement. "The Commission approved the acquisition by JSW Ventures Singapore Pte. Limited (Acquirer), for up to approximately 38% of the share capital of MG Motor India Private Limited (Target).

The Israel-Hamas war has halted progress on what’s known as the India-Middle East-Europe Economic Corridor (IMEC)— a project touted last year by Washington and key allies that envisages building new rail links across the Arabian peninsula. As Houthi attacks disrupt Red Sea shipping and turmoil spreads across the region, IMEC is effectively on ice.

Moto G54 5G gets a significant price cut in India. New price, specs, bank offers and more While the Chinese smartphone maker has not revealed an exact schedule for the rollout, a report by Gadgets 360 claims that stable updates will be rolled out in batches and it might take some time for the update to reach all eligible devices.

China created 12.44 million new urban jobs last year, meeting its target, but more efforts are needed to prop up employment amid uncertain economic conditions in 2024, the country's human resources ministry told a press conference on Wednesday. China set a goal to create around 12 million urban jobs in 2023. The job creation goal for this year is expected to be unveiled at the opening of the annual parliamentary meeting in March.

Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.

Want to take exposure to a sector which grows much faster than GDP

China's ambassador to the European Union called the EU's probe into Chinese electric vehicle manufacturers over state subsidies «unfair», Fu Cong told Bloomberg News in an interview. Cong told Bloomberg that China is cooperating with the EU's probe «because we do want to avoid a situation that the two sides will have to resort to trade measures against each other».

selloff that sent benchmark indices tumbling 1.5%, reflecting the impact of persistent stock sales by overseas funds amid hardening bond yields in the US, the world's biggest market for pricing both debt and risk assets alike.

Want to take exposure to a sector which grows much faster than GDP

India remains the top choice for Japanese manufacturing firms looking to invest abroad, Itagaki Shinichi of the state-owned Japan Bank for International Cooperation (JBIC) said in an interview. Itagaki, who directs JBIC’s strategic and geopolitical research, said political pressures and negative images had made China less attractive for Japanese firms, benefiting India. Itagaki said the proportion of Japanese companies with business plans in India has jumped from around 35% in 2021 to 45.8 in 2023, according to a JBIC survey of Japanese manufacturing enterprises conducted in 2023.

China's renowned entrepreneur, Jack Ma, co-founder of Alibaba (NYSE:BABA), has been actively purchasing shares in the tech giant, according to the New York Times.

market closure on Monday during a trading week already shortened by Republic Day has raised eyebrows over India's business-friendly credentials. India's market capitalisation has overtaken that of Hong Kong, where a slump in valuations is being fed by China's weak economic prospects. In contrast, India offers global investors steadier and higher growth rates over a longer horizon.

North Korea is developing artificial intelligence (AI) and machine learning for everything from how to respond to COVID-19 and safeguard nuclear reactors to wargaming simulations and government surveillance, according to a new study. International sanctions imposed over its nuclear weapons program may have hindered North Korea's attempts to secure AI hardware, but it appears to be pursuing the latest technology, wrote study author Hyuk Kim of the James Martin Center for Nonproliferation Studies (CNS) in California.

Riot Games, the developer of the popular “League of Legends” multiplayer battle game is joining other tech companies that have been cutting back with a layoff of 11% of its staff

Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact

A Filipino fishing boat captain is protesting the Chinese coast guard’s aggression in the disputed South China Sea where he asserts that Chinese officers forcibly drove him and his men away from a disputed shoal

Citigroup equity strategists noted that bullish Nasdaq 100 futures flows are becoming increasingly extended in terms of positioning and profits, raising concerns about potential profit-taking risks.

Moody's Analytics, an arm of the ratings agency, has identified seven indicators in companies that can indicate heightened risks in corporate structures potentially enabling evasion of government sanctions, money laundering, fraud, and other financial crimes. Abnormal directorships, mass registration of companies in a particular geography, jurisdictional risks, financial anomalies, dormancy, circular ownership, and unusual ages of directors are the seven indicators, according to a report by Moodys’. Risks through one or more of these indicators imply presence of a shell company that may mandate a targeted investigation. $1.6 trillion are estimated to have been laundered each year globally, calling for efforts to stay ahead of evolving risks.

Aryna Sabalenka, the defending champion has put a thrilling Australian Open semi-final against Coco Gauff, the American teenager after gaining control over Barbora Krejcikova in a direct victory. The 6-2 6-3 win of Sabalenka made a confirmation of a repetition of the exciting US Open final in September, where Gauff returned from a record for winning the first important title.

By Ananya Mariam Rajesh