China Financial News

13.01 / 05:15

BLOCK Platform Election trends show social Schools China's Weibo blocks trending Taiwan election hashtag

China's Weibo social media platform blocked a hashtag on Taiwan's election Saturday after it became one of the site's top-trending topics following polls opening on the self-ruled island. «In accordance with relevant laws, regulations and policies, the content of this topic is not displayed,» a notice on the website showed when the hashtag "Taiwan election" was searched for at around 9:45 am local time (0145 GMT).

13.01 / 05:15

COST UPS Manufacturing wellness electronic Retailers can manage Red Sea shipping delays for now

Suez Canal. Supply chain struggles are now back on the agenda. Container ships are being forced to avoid the Red Sea and Suez Canal, the main route for shipments from Asia to Europe and an important one for deliveries to the US East Coast, after Iran-backed Houthi rebels started attacking ships as part of a campaign against Israel.

13.01 / 04:41

BLOCK Election trends show stage reports China's Weibo blocks trending hashtag on ‘Taiwan election’ amid voting

Taiwan presidential election after it became one of the site's top-trending topics following polls opening on the self-ruled island, AFP reported. When the hashtag ‘Taiwan election’ was searched for at around 9.45 am local time, a notice on the website showed, "In accordance with relevant laws, regulations, and policies, the content of this topic is not displayed," a notice on the website showed when the hashtag." Millions of Taiwanese are voting in a presidential election following threats from China that choosing the wrong leader could set the stage for war on the self-ruled island.

13.01 / 04:41

FIVE economy wellness performer country Equality International India could be the third-largest economy soon, but what about GDP per head?

India will become the third largest economy in FY28, finance minister Nirmala Sitharaman said at the recent Vibrant Gujarat summit. This is the view of the International Monetary Fund as well, and is a good thing, but it won’t by itself bring major improvements to the quality of life of the average Indian. Unless India can achieve double-digit growth for a decade or more, GDP per capita will remain low, not just relative to that of larger economies, but to those of middle-income countries as well.

13.01 / 03:57

economy Election President testing Department rights peace Blinken discusses human rights, Taiwan Strait with Chinese official

U.S. Secretary of State Antony Blinken on Friday raised concerns over China's human rights issues in a meeting with senior Chinese official Liu Jianchao in Washington, the State Department said, adding they also discussed «maintaining peace and stability» in the Taiwan Strait. WHY IT IS IMPORTANT

13.01 / 03:57

markets UPS economy Matthews performer reports week Wall Street Week Ahead: Red Sea tensions put focus on struggling U.S. energy stocks

struggling group. The energy sector has slumped nearly 3% since late October, a period during which the S&P 500 has surged 16%. The benchmark index rose 24% for all of 2023, while energy fell 4.8%, the second-largest drop last year among S&P 500 sectors. The sector's struggles have continued even as other economically sensitive groups such as banks and small-cap stocks have benefited from investors' growing belief that the economy will be able to navigate a «soft landing» where growth remains stable while inflation subsides. One key reason for the sector's underperformance has been a sharp downturn in oil prices.

13.01 / 03:57

markets UPS information reports Commentary NOT IT's not so bad: Dalal Street indices soar to fresh highs

information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren't as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to $80 a barrel, and a hotter US consumer inflation report in December. The BSE Sensex gained 847.27 points, or 1.2%, to close at 72,568.45, off the record high of 72,720.96.

13.01 / 03:35

markets UPS Booking security Analysis rights Why Europe’s sovereign bonds are on fire right now

Europe’s governments rushed to borrow money this week, drawing record demand from global investors keen to secure bonds with solid yields while they still can.

13.01 / 03:21

IPO BLOCK SEC security country reports rights Exclusive-Shein seeks China's permission for US IPO -sources

By Julie Zhu and Anirban Sen

13.01 / 03:05

Progressive economy Election President War peace 2024 stake Taiwan Elections 2024: Who's contesting, what's at stake, and what China says? Explained

Taiwan, with over nineteen million people, of which one million are first-time voters, registered to cast their ballots across almost 18,000 polling stations in the island country. The voters will receive three ballots -- a presidential ballot, a regional or aboriginal legislator ballot, and a ballot for a political party that will determine legislator-at-large seats. Taiwanese voters will be choosing a successor to Tsai Ing-wen, the nation's first female president, who cannot seek re-election due to term limits after winning in 2016 and 2020.

13.01 / 02:17

markets UPS Apple pandemic Trade reports Microsoft edges out Apple as world's most valuable company

By Noel Randewich

13.01 / 02:07

Reuters Tesla Trade Experts Tesla shares drop on plant shutdown due to Red Sea attacks

Tesla shares dropped in trade after the carmaker said its lone European factory will be disrupted by attacks in the Red Sea. It also cut car prices in China. The company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicle by 2.8% to 258,900 yuan, according to its website. Hours earlier, Tesla told Reuters it will suspend most production at its Model Y plant near Berlin from Jan.

13.01 / 02:07

Racing economy Election President War peace stake What's at stake in Taiwan's elections? China says it could be a choice between peace and war

Taiwan is holding a presidential election on Saturday that neighboring China has warned could mean the difference between peace and war on the island, which Beijing claims as its territory even though Taiwan has governed itself for nearly three-quarters of a century. The election is believed to be a close race between the candidate of the incumbent party that Beijing has described as independence-minded and the candidate of the main opposition party, which is seen as standing for warmer ties with the mainland.

12.01 / 22:09

markets UPS economy Matthews performer reports Red Sea tensions put focus on struggling U.S. energy stocks

By Lewis Krauskopf

12.01 / 21:19

COST JPMorgan Airlines Boeing Tesla Bitcoin reports Midday movers: JPMorgan, Bank of America, Exxon, Tesla and more

(Updated — January 12, 2024 11:47 AM EST)

12.01 / 20:34

Target Election students show country politician Pierre Poilievre pledges to tie immigration levels to homebuilding

The Conservative politician who’s trying to take down Justin Trudeau said that if he’s elected, he would link Canada’s immigration levels to the number of homes being built.

12.01 / 19:13

markets UPS Platform Food Nestle wellness reports acquires Tata Consumer acquires Capital Foods, Organic India

₹5,100 crore for 100% stake in Capital Foods. While 75% of the equity shareholding will be acquired upfront, the remaining 25% will be acquired within the next three years, TCPL said in a filing to the exchanges on Friday evening. For a 100% stake in Organic India, TCPL will pay ₹1,900 crore, along with an additional earnout for the shareholders linked to FY26 audited financials of the company.

12.01 / 18:37

markets UPS Target Extreme Platform Food stake Tata Consumer buys 100% stake in Capital Foods for ₹5,100 crore; Details here

₹5,100 crore, will be an all-cash deal. "The Board of Directors approved the acquisition of 100 percent of the issued equity share capital of Capital Foods Private Limited. The Company, thereafter, has entered into Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) with the existing promoters and shareholders of the target company to acquire the entire issued equity share capital in a phased manner," said Tata Consumer in an exchange filing.

12.01 / 15:25

COST UPS Citi Booking Reddit social travelers Maldives row: With ₹55K cancellation fee, Reddit user in turmoil over honeymoon trip; What should they do?

₹55,000 to cancel a pre-booked honeymoon trip to the Maldives. "Pre-booked Maldives honeymoon trip. Costs 55k for Cancellation.

12.01 / 15:25

markets UPS Apple economy Sustainability performer country Microsoft Tops Apple as World's Largest Company: Is the Leadership Sustainable?

In a seismic shift in the tech industry, Microsoft (NASDAQ:MSFT) briefly dethroned Apple (NASDAQ:AAPL) as the world's most valuable company yesterday, boasting a market cap of $2.888 trillion against $2.887 trillion for the Cupertino, California-based behemoth.

12.01 / 14:55

COST UPS Provident Target students country International Trudeau botched immigration surge, Canada's top bank economists say

Canada’s current immigration policy — among the most open in the world — is now causing economic damage and needs to be reconsidered, according to the country’s top economists.

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