China Financial News

S Jaishankar met with his Maldivian counterpart Moosa Zameer on the sidelines of NAM Summit and held a “frank conversation” on India-Maldives ties. Withdrawal of Indian military personnel from Maldives and India’s solution to address situation was among the key talking points.

Sensex jumped 496.37 points, or 0.70%, to end at 71,683.23, while the Nifty 50 settled 160.15 points, or 0.75%, higher at 21,622.40. “Next week the result season will pick up pace with a host of key large and mid-cap companies releasing their numbers. Overall we expect domestic equities to trade in a broader range with positive bias," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

China's Henan province, the official Xinhua news agency reported Saturday. The blaze at the Yingcai School in Henan's Yanshanpu village was reported to the local fire department at 11 p.m. (1500 GMT) Friday night, Xinhua said.

oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S.

₹2,500 crore, or ₹500 crore per year, two persons close to the development told Mint. For the same rights, the company had earlier paid ₹350 crore per year. The Board of Control for Cricket in India (BCCI), which is the organiser for the event, had invited bids in December to seek title sponsors for the event.

Amidst the ongoing fourth-quarter earnings season, S&P 500 companies are delivering subdued results and cautious forward guidance, as per insights from JPMorgan equity strategists.

An estimated 320 journalists around the world were imprisoned because of their work toward the end of 2023

first nuclear warhead in four decades in response to the Russian invasion of Ukraine. According to 'The Mirror', Thomas Mason, Director of the Los Alamos National Laboratory in New Mexico, has said that the US is adding a new weapon of mass destruction to its arsenal to keep up with the threat of nuclear war from countries such as Russia and China.

Mint had earlier reported that this cooperation will now extend to the Pacific Islands as well. The Philippines, a key political and security ally of the US, has recently increased its defence procurement from India, including the BrahMos missile, amid strained relations with China over maritime disputes. Manila has accused China of using aggressive tactics and condemned the actions.

An emerging-market money manager who is outperforming 99% of his peers says equity investors can make money in 2024 whether the Federal Reserve cuts interest rates or not, by focusing on countries undergoing economic transformations.

In recent weeks, Apple (NASDAQ:AAPL) stock has faced challenges, which has yielded a 2% year-to-date underperformance compared to the S&P500's 0.2% decline. Concerns surrounding China demand, watch bans, and regulatory risks have contributed to this dip.

By Joe Cash

ZURICH (Reuters) — Swiss engineering group ABB (ST:ABB)'s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and risks posed by Beijing, documents showed on Friday.

(Reuters) — China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy.

By Summer Zhen and Samuel Shen

Realme has confirmed that its Realme 12 Pro series will launch in India on January 29. While it was earlier expected that Realme 12 Pro and Realme Pro+ models were earlier expected to debut on the launch date, a listing on the Flipkart website revealed the specifications and expected pricing for the upcoming device. The Flipkart listing was spotted by 91mobiles which gave a glimpse at the details of the upcoming mid-range smartphone.

Union Budget 2024: India is making strides on global platforms ranging from local production boost to attracting foreign companies to shifting supply chains from rival China as it harbors dreams of becoming the third largest economy. The women of modern India have largely breached the patriarchal walls and are joining the workforce at a moment when Bharat is also seeing a paradigm developmental shift. Read our full Budget 2024 coverage here In today’s Narendra Modi-government-led India, the Nehruvian philosophy of asserting the condition of a nation by looking at the status of its women is still true and perhaps it will forever be valid. World Bank data shows India’s female labour force participation rate was 19.2% in 2021, contributing 17% of the country’s gross domestic product (GDP), which is relatively low for a nation dreaming of becoming a $5 trillion economy by 2025. The International Monetary Fund (IMF) stated that achieving gender equality in India, meaning equal participation of women in the labor force as men, could potentially elevate India's GDP by 27%. According to the World Bank, Indian women contribute to the economy at 17% of GDP, which is less than half of the global average. If approximately 50% of women could join the workforce, India might increase its growth by 1.5 percentage points, reaching 9% annually.

Rahul Jain, President and Head of Nuvama Wealth believes that reviving the rural economy, which has slowed down due to deficient monsoon, will be the government's focus in the Interim Budget 2024. He also expects more sectors to fall in the ambit of PLI. In an interview with Mint, Jain also shared his views on markets and the sectors he is positive about.

Mr. Bhatura – a restaurant chain in Noida and Ghaziabad has promised to offer a free plate of 'Chole Bhature' if its restaurant customers show proof of cancelled tickets to the Maldives. India-Maldives: EAM holds 'frank conversation' with Zameer on troops withdrawal "Through this, we want to promote tourism in Lakshadweep.

₹450-500 per tonne increase in domestic iron ore prices has led to spot steel spreads contracting by $75-80 per tonne. Also Read: IndusInd Bank share price falls over 2% after Q3 results; Time to buy the stock? Here’s what analysts say It forecasts coking coal prices to average $270 per tonne, however it expects prices to decline materially only in H2CY24, thus, cost pressures are likely for the H1CY24.

The projected cost of replacing the aging nuclear missiles buried in silos across the Great Plains has soared by more than a third to $107 billion, the Pentagon said, a development that comes as China pushes ahead with an expansion of its arsenal. The problems at one of its priority programs put more pressure on the Pentagon’s funding for other programs as it wrestles with the prospect of cuts over the next several years unless Congress can agree on a broader budget deal.