China Financial News

NEW DELHI : Leaders from across the world will congregate in the picturesque Swiss town for the 54th annual meeting of the World Economic Forum (WEF) against a backdrop of rising geopolitical tensions, high inflation and tepid global growth. Mint explains the agenda this year: “Rebuilding Trust" is the theme, to resurrect globalization after global supply chains were disrupted due to the pandemic and the wars in Ukraine and Gaza. With other problems such as climate change, business leaders are expected to brainstorm on long-term solutions and the role of cutting edge technologies such as artificial intelligence (AI).

Investing.com — Retail sales data and bank earnings will be the highlight of a holiday shortened week as markets await more insights on the health of U.S. consumers. Global leaders gather in Davos, China is to release full year GDP figures and oil prices look set to remain volatile. Here’s what you need to know to start your week.

After 100 days, Israel’s war with Hamas is turning into a protracted conflict with no clear end, threatening to spread across the Middle East, disrupt global trade and bog down the U.S. One of the biggest geopolitical events this century, the war has swung from a Hamas attack on Oct. 7 that Israel says killed 1,200 people to the Israeli military’s ferocious retaliation against the militant group in Gaza.

SunOnline newspaper. Ibrahim Khaleel, the Minister at the President's Office for Strategic Communications, told SunOnline newspaper that both the countries had agreed to set up a high-level core group during the meeting between President Muizzu and Prime Minister Narendra Modi on the sidelines of the COP28 in Dubai in December. Khaleel said besides the withdrawal of Indian military personnel, the group also discussed expediting India-backed development projects in the island nation.

China’s gross domestic product expanded 5.2% for the entirety of last year, even as the economy probably lost some steam in the fourth quarter. Retail sales and industrial output are also seen growing in December from a year earlier against a low base of comparison — in late 2022, the country was dealing with a massive Covid-19 outbreak. The start of the year has brought mixed news.

By Yimou Lee, Sarah Wu and James Pomfret

By Steve Holland, Nandita Bose and Trevor Hunnicutt

(Reuters) — Chinese electric car-maker BYD (SZ:002594) has held talks with Brazil's Sigma Lithium (TSXV:SGML) over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday.

Vice President Lai Ching-te won the presidency on Saturday, the third consecutive term for his ruling Democratic Progressive Party (DPP), but the party lost its parliamentary majority, complicating Lai's spending plans and any intent to take an aggressive stance on China. China, which claims Taiwan as its territory, had called Lai a separatist and «troublemaker through and through», but took a gentler tone after the election, not mentioning him by name and saying the results revealed the DPP «cannot represent the mainstream public opinion» on Taiwan. Analysts expect Taiwan's stock market to take a hit this week as the spectre of policy paralysis fuels selling in a market that is up 25% in little more than a year. Yet the outcome is also a relief for investors who had feared the hawkish Lai would push for Taiwan's formal independence, something he has denied. Investors have worried about a hostile reaction from China and a chain reaction of sanctions that could cripple the global semiconductor industry. «I would imagine the reaction is negative.

RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 where inflation comes down and growth remains robust. «The Indian economy has withstood all these shocks (Russia-Ukraine war, Israel-Hamas war, rising oil prices, Houthi attacks) in the last couple of years, and I do not believe that the geopolitical situation will be significantly worse in coming months than what we experienced in the recent past,» he told PTI in an interview.

PTI. In addition to this, Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. "The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results.

Sugarcane features prominently in Pongal and other Indian festivals at the start of the year. My early memories of Pongal in Chennai are mostly about waiting for the two tall stalks my grandmother tied outside the front door to be chopped up, so we could chew it for the juice.

Apple Inc. is shutting a 121-person team related to artificial intelligence operations in San Diego, leaving many employees at risk of termination, according to people familiar with the matter. The group, known as Data Operations Annotations, was told Wednesday that they would be relocating to Austin to merge with the Texas portion of the same team, said the people, who asked not to be identified because the plans haven’t been announced.

Indian vs Chinese tourists in Maldives: The rise and fall in last 10 years As per the local paper Adhadhu, Azim was the former CEO of the Maldives Transport and Contracting Company (MTCC) during the last government. He started his career as an internal auditor at Coopers & Lybrand and apart from running his own business, held several government positions, ANI reported.

While the overall trajectory for markets remains positive in the coming week, there are several factors that will decide the sustainability of gains. “The Q3FY24 earnings season will be the biggest factor in driving the market movement,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. Some of the major companies like HDFC Bank and Reliance Industries are scheduled to release their earnings in the week ahead. Besides earnings, global markets, corporate actions, and fund flows will also decide the course of action for Dalal Street.

South Africa says more than 50 countries have expressed support for its case at the United Nations' top court accusing Israel of genocide against Palestinians in the war in Gaza. Others, including the United States, have strongly rejected South Africa's allegation that Israel is violating the U.N. Convention on the Prevention and Punishment of the Crime of Genocide. Many more have remained silent.

China which has repeatedly denounced him as a dangerous separatist. 1. The Chinese Foreign Ministry reaffirmed its claim to the breakaway territory as part of its own in its first official response to the presidential elections in neighbouring Taiwan.

MSCI China gauge already down more than 4% so far this year. It capped a third straight annual decline in 2023. “The bigger picture is that the weak demand is leading to a deflationary environment, which particularly bodes ill for businesses that cannot achieve higher volumes with lower prices," said Daisy Li, a fund manager at EFG Asset Management HK Ltd.

Maldives said Saturday that his country's small size doesn't give anyone the license to bully it, in a sign of defiance toward India, the archipelago state's giant neighbor. President Mohamed Muizzu, speaking to the media on his return from India's regional rival China, said the Maldives is not in any country's backyard and that the Indian Ocean does not belong to a single country — a reference to a recent tiff between the Maldives and India.

OnePlus has already confirmed that its flagship OnePlus 12 series will make its way to India and global markets on January 23. However, ahead of the launch of the much-anticipated smartphones, a new leak has shed some light on the pricing of the OnePlus 12. According to a post by tipster Ishan Agarwal on X (formerly Twitter), citing an Amazon listing, the OnePlus 12 12GB RAM/256GB storage variant could be priced at ₹69,999.

Lai Ching-te was quoted as saying by CNN. While speaking to the media persons ahead of his victory speech on Saturday night, Lai added, "In the future, we hope that China will recognize the new situation, and understand that only peace benefits both sides of the strait." "We are telling the international community that between democracy and authoritarianism, we still stand on the side of democracy," the President-elect said further. While addressing thousands of supporters at a rally after coasting to a win in the Presidential elections, Lai said Taiwan managed to stay on the world map through the conduct of the polls.