China Financial News

Subscribe to enjoy similar stories. The Interglobe Aviation Ltd stock (IndiGo) soared to a 52-week high of ₹5,190 on Thursday, reacting to the management’s upbeat commentary and growth plans at its analyst day. Among the key highlights was that the air travel boom led by the Mahakumbh gathering and an extended wedding season could give a big boost to its profit in the March quarter (Q4FY25).

Canada's Foreign Minister Melanie Joly told reporters in Ottawa on Wednesday that China had executed four Canadian citizens in recent weeks, defying pleas from Ottawa for leniency. «We strongly condemn the executions that did happen against Canadians in China,» Joly said. She said she was unable to discuss details of the case due to privacy requests from the affected families. However, Beijing suggested on Thursday the Canadians had been convicted over narcotics offences, saying "… combating drug crimes is the common responsibility of all countries".

The Trump administration appears to be breaking from that order, with foreign and economic policies that have challenged U.S. allies, undercut some multilateral institutions and used tactics such as tariffs. While it is unclear what will eventually emerge, interviews this month with more than a dozen senior bankers, investors and officials based in Asia showed that they are not waiting to find out. They are looking for an 'America plus 1' strategy, which reduces their reliance on the United States going forward.

Nitin Gadkari, Minister for Road Transport & Highways emphasized the nation's commitment to reducing logistics costs from the current 14-16 per cent to single digits, positioning India to compete effectively with global economic powerhouses like China and the US, at 32nd Convergence India & 10th Smart Cities India Expo. This year's expo features advancements in 5G & 6G, Artificial Intelligence (AI), Big Data, IoT, Cybersecurity, Augmented & Virtual Reality (AR/VR), Embedded Tech, Fintech, Urban Mobility, and Smart City Solutions. Attendees will also have access to the latest developments in Digital Gaming, Mobile Devices & Accessories, OTT Platforms, Security & Surveillance, E-commerce, Mobile Apps, Drone Technology, and more.

Xiaomi Technology India is held up as of December-end as local authorities have attached a few of its bank accounts, its Chinese parent said, underlining that the smartphone maker is open to enter into settlement negotiations. The wholly owned unit of Xiaomi Corp has been facing investigations and notifications by multiple authorities since December 2021. These include the income tax department, Directorate of Revenue Intelligence, and Directorate of Enforcement. These are in relation to compliance of income tax, Customs duties and foreign exchange regulations. Xiaomi Corp in its 2024 earnings report said the cases in India are currently in the hearing stages and not yet concluded, adding that it can receive judgments or enter into settlements that may adversely affect operating results or cash flows.

Subscribe to enjoy similar stories. The Trump administration is crafting plans to reorganize the U.S. Agency for International Development, which had been dismantled by Elon Musk’s Department of Government Efficiency, according to a memo detailing the plans.

Trump last month ordered the US Commerce Department to investigate US imports of copper as a likely precursor to imposing duties. Since then, US prices have spiked and traders have scrambled to send metal to America ahead of any tariffs, in turn reducing supply in the rest of the world.

Subscribe to enjoy similar stories. Thailand-based Minor International Plc, which runs Minor Hotels and brands like Anantara Hotels Resorts & Spas, Avani Hotels & Resorts, NH Hotels, and NH Collection is looking to have a strong presence in India in the next decade with a target of 50 hotels by 2035. The company's group CEO, Dillip Rajakarier who is visiting India and spoke exclusively to Mint said the company has now established its presence in India with the recent launch of its 150-room Anantara Jewel Bagh hotel in Jaipur.

Subscribe to enjoy similar stories. Mumbai: Global private equity firm TPG Capital and Singapore government’s sovereign wealth fund GIC have entered the race to acquire up to 49% stake in the Indian operations of Chinese consumer durables maker Haier, four people aware of the development said. While TPG has teamed up with the Burman family, GIC is bidding along with the Goenka family of the Welspun Group, these people said.

Inside Season 2 is now available on Netflix. Unlike many Netflix shows, this season will release episodes over a week instead of all at once. Fans can watch the episodes at different times depending on their time zone.

Following the move, shares of major steel companies climbed up on the bourses, with state-owned SAIL ending the day 3.99% up on the BSE, while Tata Steel gained 2.52%, JSW Steel 1.35% and Jindal Steel & Power 0.25%. The proposal came following an investigation on a complaint from Indian Steel Association into the sudden surge in imports of non-alloy and alloy steel flat products.

Canada’s economy may have ended 2024 on a high note, but that could all be undone as world trade is upended by Donald Trump’s tariff war, according to a new report by the Organization for Economic Co-operation and Development (OECD).

Indian stocks. Foreign investors have briefly reversed outflows against a much longer trend of dumping overpriced Indian equities. India has been the outlier for quite some time in emerging Asian markets, where inflows are gaining strength.

Donald Trump's reciprocal tariffs against other countries come into effect may not be as menacing as it seems because there is little clarity on how the tariffs will be imposed and Treasury Secretary Scott Bessent has put a twist in Trump's policy. It seems the policy is a work in progress, and nobody is yet sure how it will take effect. Reciprocal tariffs roughly mean hiking rates on imports to match the level that other countries apply to US products.

Subscribe to enjoy similar stories. SYDNEY : Fitch Ratings has added its name to a slew of prominent forecasters downgrading the outlook for world economic growth and push up its expectations for U.S. inflation, highlighting rising concerns about the erratic nature of U.S.

Malaysia Airlines Flight MH370 has resumed, marking another effort to solve one of aviation's greatest mysteries. Malaysia has agreed to terms and conditions of an agreement with Ocean Infinity to resume the search for the wreckage of the missing Malaysia Airlines flight MH370, its transport minister said on Wednesday. The decision will enable commencement of seabed search operations in a new location estimated to cover 15,000 square km in the southern Indian Ocean, based on a «no find, no fee» principle, minister Loke Siew Fook said in a statement. The firm will receive $70 million if the wreckage is successfully located, he said. The aircraft vanished on 8 March 2014 while flying from Kuala Lumpur to Beijing with 239 people on board. Now, nearly 11 years later, Ocean Infinity has launched a fresh search in the Indian Ocean, 1,500 km off the coast of Perth, Australia.

BEIJING — Among the top five priorities China has laid out for boosting consumption is child care subsidies.

Ed Yardeni of Yardeni Research, says the US stock market has weakened since the middle of February as the Magnificent Seven have declined by about 15% since the beginning of the year. But other stock markets have actually done well. Germany, China. India seems to be stabilising. Money already has been going global. It has left the United States and that may continue to be the case. It is as though the stock markets are saying that the tariff situation is going to be worse for the US than for the rest of the world. But the markets are also saying that the US has been expensive What is your expectation from the Fed this time, a status quo? Ed Yardeni: Status quo. Nothing different from everybody else. The Fed has communicated that they are in no hurry to ease. I view that as a fundamentally dovish stance because the alternative would have been to say there is no hurry to do anything. In which case, the message would be rates could be here for a long time, not going up, not going down. But they have been saying over and over again that they are in no hurry to ease, so they are clearly thinking about lowering interest rates and depending on how this tariff turmoil turns out there may be a weak enough economy out there that they will ease. The problem is they may also get some inflation out of tariffs. So, they could really be boxed in and really be in no hurry to do anything for a while.

renewable energy (RE) sector may soon face regulatory pressures taking cues from Europe and China to combat emerging challenges such as grid disturbances, subsidy-driven incentives, and negative energy prices, according to a report by JM Financial. The report refers to the situations arising in Western countries, including China, which is a major player in international renewable energy. «As the share of RE in the supply mix in India increases, we expect domestic policies to be influenced by global experiences in the next 3-4 years,» the report added.

JSW Steel and SAIL among others are likely to gain attention on Wednesday, March 19, after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on the import of certain steel products. Due to this update, the shares of other steel companies like Tata Steel, Jindal Steel and Power, NMDC Steel, and Jindal Stainless may also attract investor attention.

trade for investors while China is a tactical trade. However, to maintain this investor confidence and accelerate its economic trajectory, it may be argued that India needs to undertake key reforms rather than rely on external factors.