China Financial News

04.01 / 18:25

markets UPS Manufacturing Gap Tesla Research Trade China's BYD is rivaling Tesla in size. Can it also match its global reach?

A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer

04.01 / 17:19

UPS FIVE Continental Healthcare show week European shares bounce back from three-week lows on banks, utilities boost

By Shashwat Chauhan and Ankika Biswas

04.01 / 17:13

wellness country 2020 Relationships peace NOT Relationship with China not normal: MEA

India on Thursday once again said that its relationship with China is «not normal» and that both sides are engaged in diplomatic and military talks to resolve the pending issues in eastern Ladakh. The Indian and Chinese troops are locked in an over three-and-half-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks. «Our position on China is very well known.

04.01 / 16:38

Digital Trade President International Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold

The Bank of China has marked a significant milestone in the realm of digital currency with the completion of the world's first cross-border Central Bank Digital Currency (CBDC)-powered precious metals deal. On December 20, 2023, the Bank of China's Shanghai branch successfully conducted a 100 million yuan ($14 million) e-CNY CBDC settlement received overseas for gold via the Shanghai Financial Exchange International Board. This historic transaction underlines the growing acceptance and utility of digital currencies in international trade, especially in the precious metals sector.

04.01 / 16:26

Target Apple wellness country strain 2024 Apple suffers second rating downgrade in tough start to 2024

(Reuters) — Apple (NASDAQ:AAPL) fell further on Thursday, losing about $176 billion since the start of the year, after Piper Sandler became the second brokerage this week to downgrade the stock on worries of tepid demand for its products, including the iPhone.

04.01 / 16:16

markets IPO JPMorgan security performer reports Initial public offering Wilson tennis racket maker Amer Sports files for U.S. initial public offering

Investing.com -- Athletic apparel retailer Amer Sports has said it has filed for an initial public offering on the New York Stock Exchange.

04.01 / 14:59

Manufacturing Mobile country electronic reports Courts rights Nokia Nokia's patent dispute persists in China despite deal with one smartphone maker

telecom equipment maker Nokia said on Thursday it had signed a 5G patent agreement with one of China's leading smartphone makers Honor, but its legal battles with other Chinese companies over patents continue. Nokia, once the world's number one mobile phone maker, holds a significant patent portfolio of some key technologies needed in phone manufacturing and the resulting licensing revenue represented 39% of operating profit in 2022.

04.01 / 14:42

Action economy Forbes Browser innovations Podcasts China Stress-Tests Global Economy At Moment Of Maximum Anxiety

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04.01 / 14:42

markets UPS Reuters Browser Research recommendations Podcasts Marketmind: No let up in sombre New Year market mood

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04.01 / 13:27

Platform Compilation Apple NVIDIA 2020 recommendations week Apple hit with second downgrade this week as iPhone sales worries grow

Apple Inc. was already the least-loved big tech stock on Wall Street. Growing concerns over iPhone sales have now triggered a second downgrade this week, cementing analysts’ cautious approach.

04.01 / 13:27

Target FIVE Career Southern Trade country innovations Canada's high tax rates are driving talented workers to leave the country

Canada’s personal tax rates are too high, as many of us realize. There are numerous data sources that consistently put this country’s personal tax rates amongst the highest on Earth. Yes, there are countries with higher marginal personal rates, but there are many more that are lower. Most Canadians, however, are more often concerned about our largest and most important neighbour — the United States.

04.01 / 12:03

CBDC RBI India’s Digital Rupee Hit 1 Million Daily Transactions in December: Report

India’s digital rupee hit 1 million daily transactions in December, aligning with the Reserve Bank of India’s targeted goal for daily transactions by the end of 2023, Reuters reported.

04.01 / 11:59

Target Apple Trade show week Apple stock selloff extends on second rating downgrade this week

Apple (NASDAQ:AAPL) shares are down 4.3% in the first trading week of 2024 after Barclays cut the tech giant's rating, citing weak demand for iPhone 15.

04.01 / 11:39

UPS Compilation Analysis Tesla Trade track Why has Cathie Wood changed direction on Tesla?

Cathie Wood has started buying Tesla Inc. shares after selling them for most of last year. Her purchases come at a time when Wall Street’s outlook on the electric-vehicle maker is darkening rapidly.

04.01 / 11:38

UPS Citi JPMorgan show country reports Stocks, bonds steady with jobs data awaited

Stocks and bonds steadied after a bruising two-day selloff to start 2024. Oil advanced as conflict in the Middle East added to supply concerns.

04.01 / 10:31

COST UPS Gap War reports testing India may soon have its own desi portable air defence missiles

man-portable air defence missile system, designed to eliminate hostile aircraft, drones, and helicopters at very short ranges. This development comes as the armed forces are currently inducting a limited number of Russian systems to address operational gaps in the ongoing military standoff with China in eastern Ladakh, a TOI report stated. The indigenous very short-range air defence system (VSHORADS), developed by DRDO to neutralize low-altitude aerial threats within a 6-km range, is expected to undergo user trials by April-May, according to a senior defense official.

04.01 / 09:30

UPS Provident security Actor country reports Centre G20 summit faced cyberattack attempts, about 16 lakh a minute, reveals Centre

I4C wing established by the Home Minister aims to provide a framework and eco-system for Law Enforcement Agencies (LEAs) to deal with cybercrime in a coordinated and comprehensive manner. While responding to a query, Kumar said that per minute, 16 lakh attacks were noted on the G20 account during the summit, adding, that the attacks started soon after the website was up and peaked during the summit. He revealed that I4C along was able to stop these attempts and maintain the security of website with the assistance of several Indian authorities.

04.01 / 08:18

UPS Man Aware students love recommendations Updates Cyber Chinese student falls prey to cyber kidnapping in US | What is it? How to protect yourself

Samsung users alert! Govt. notifies against THIS critical risk: How to stay safe Meanwhile, his family had received a ransom note and photograph of the student that made it appear that he'd been abducted and was in danger.

04.01 / 05:47

UPS Provident FIVE economy show reports Rate Cut Asian stocks rate cut bets Asian stocks waver as traders ponder rate cut bets

By Ankur Banerjee

04.01 / 05:46

UPS Provident Manufacturing economy Trade show performer week Asia FX muted, dollar at 3-week high as rate-cut uncertainty persists

Investing.com-- Most Asian currencies kept to a flat-to-low range on Thursday, while uncertainty over the Federal Reserve’s plans for interest rate cuts in 2024 saw the dollar rebound to a three-week high.

04.01 / 05:46

Manufacturing Fitch Moodys Nikkei show performer Updates Asian stocks Asian stocks extend new year rout; China walloped by Fitch downgrades

Updated at 23:27 ET (04:27 GMT) with more details on China.

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In China, the spotlight is on local government initiatives that affect the region’s daily life.

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