China Financial News

03.01 / 03:46

Citi Manufacturing economy pandemic show country reports China's manufacturing activity slows in December in sign the economy is struggling

A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish

03.01 / 03:44

Target Waters Software Matthews Bill country reports States and Congress wrestle with cybersecurity at water utilities

The hacking of a municipal water authority in a small Pennsylvania town is prompting new warnings from U.S. security officials as states and the federal government are wrestling with how to harden water utilities against hackers

03.01 / 03:43

FIVE Manufacturing Apple economy NVIDIA show reports 2024 Stock market today: Wall Street slumps to start 2024 and gives back some of last year's big gains

Wall Street started 2024 with a slump, giving back some of its powerful gains from the year before

03.01 / 03:42

Citizens Coronavirus pandemic country travelers Thai prime minister says visa-free policy for Chinese visitors to be made permanent in March

Thailand's Prime Minister Srettha Thavisin says his country and China will soon implement visa-free entry for each other’s citizens

03.01 / 03:42

Provident Target CEO Tesla reports Price cuts boost Tesla 4Q sales, beating estimates as EV growth rate slows

Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20% as EV sales growth slowed across the industry

03.01 / 02:49

Provident Reuters Manufacturing President Experts show track Oil prices rise on disruption fears after latest Red Sea attack

Oil prices rose in the first session of the new year, boosted by potential disruption to Middle Eastern supply after the latest attack on a container ship in the Red Sea, and by Chinese demand hopes. Brent crude was up 49 cents, or 0.6%, to $77.53 a barrel at 1432 GMT. U.S.

03.01 / 02:44

reports Taiwan says three Chinese balloons flew across the island

Chinese balloons flew across Taiwan island on Tuesday, the Taiwanese defence ministry said, the first time it has reported them crossing the island since reporting a spate of such balloons flying over the Taiwan Strait starting last month. The potential for China to use balloons for spying became a global issue in February 2023 when the United States shot down what it said was a Chinese surveillance balloon. China said the balloon was a civilian craft that accidentally drifted astray. Taiwan is on high alert for Chinese activities, both military and political, ahead of Jan.

03.01 / 00:08

Booking Manufacturing economy President Bitcoin open New Year, same old concerns as markets open

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares.

02.01 / 23:10

Manufacturing CEO Strategy Remark Tesla reports Tesla Sets Quarterly Record but Loses Top EV Spot to BYD in 2023

Quiver Quantitative — Tesla (NASDAQ:TSLA) wrapped up 2023 with a record-setting fourth quarter, delivering 494,989 electric vehicles, yet it couldn't retain its position as the leading EV manufacturer, surpassed by China's BYD (SZ:002594). Despite achieving a remarkable annual production of 1.85 million units, Tesla fell short of CEO Elon Musk's goal of 2 million. In comparison, BYD, bolstered by Warren Buffett's backing, surpassed Tesla with 526,409 deliveries in the fourth quarter, reflecting a consumer shift towards more affordable EV options in an economy burdened by high interest rates.

02.01 / 22:12

Target FIVE Apple Sony performer recommendations Low week Apple hits seven-week low after Barclays downgrade on demand concerns

By Aditya Soni and Medha Singh

02.01 / 21:44

Target Digital Apple Align Apple stock opens 3% lower after Barclays cut to sell on 'lackluster' iPhone sales

Barclays analysts downgraded the rating on Apple (AAPL) stock from Equal Weight to Underweight, expressing concerns about a prolonged period of weak results and the potential for multiple expansion not being sustainable.

02.01 / 21:43

Cooper Fighting economy show country shock IMF's Georgieva says Americans should 'cheer up' about falling inflation -CNN

By David Lawder

02.01 / 19:26

Citi Aware Platform Metro Healthcare country Omron expects sales of BP monitors to rise in India

Omron Healthcare, the world's largest maker of home blood pressure monitoring (BPM) devices, is betting big on India where the number of people suffering from hypertension is on rise as the population ages and lifestyles change. In an interview to ET, Tetsuya Yamada, managing director of Omron Healthcare India, said the device maker plans to expand its footprint in India and go beyond metro cities, roll out new products, strengthen online distribution, and partner local pharmaceutical companies and startups to raise awareness. «India has just 2% penetration of home BPM; when compared to BRICS it is very low.

02.01 / 19:16

Provident Manufacturing economy Enterprise rapper information Capital allocation that reaches deserving MSMEs will result in inclusive growth

The numbers represent both an opportunity and a challenge: India has 63 million micro, small and medium enterprises (MSMEs), contributing almost a third of the country’s GDP and half of its exports, with an equal spread between rural and urban areas, that are mostly short of credit. Given the tailwinds behind India’s economy, the MSME sector will keep growing in size, especially as it is formalized. However, for the sector to reach its true potential, qualitative growth is important.

02.01 / 17:28

Target Reuters Fox Tesla Experts reports end Tesla beats the odds with year-end deliveries push

Auto expert Mike Caudill argues Elon Musk's design of the Tesla Cybertruck will push potential buyers away on 'Cavuto: Coast to Coast.'

02.01 / 17:28

FIVE Reuters Manufacturing Healthcare reports valuation InvAscent looks to exit Aizant Drug at $350-400 mn valuation

₹190.6 crore from ₹168.8 crore in the previous financial year, India Ratings said in a report in June based on the company’s provisional financials. Aizant broadly operates four segments–clinical research, formulations, internal products, and contract manufacturing operations (CMO), which includes services from drug development to manufacturing.

02.01 / 17:25

Progressive Manufacturing Gap economy pandemic country 2024 How people can keep their investments less vulnerable to events in 2024

The elections year: 2024 is going to be the year of elections. An estimated number of over 4.1 billion people out of the total global population of over 8 billion are living in countries that will go to polls in 2024. According to Bloomberg, countries that contribute 80% of the world market cap and 60% of global GDP will be voting.

02.01 / 17:23

Provident Reuters Manufacturing Experts show track Oil prices up $2 on supply disruption fears after latest Red Sea attack; Brent over $77/bbl

₹5,942 per bbl, having swung between ₹5,935 and ₹6,148 per bbl during the session, against a previous close of ₹6,027 per barrel. Also Read: India increases oil imports from Saudi as Russian purchases fall to 11-month low in December -A Reuters survey of economists and analysts predicted that Brent crude would average $82.56 a barrel this year, up slightly from the 2023 average of $82.17, with weak global growth expected to cap demand. Geopolitical tensions, however, could provide price support.

02.01 / 16:32

Manufacturing Tesla reports BYD overtakes Tesla as world's top EV maker

Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday. The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles in the fourth quarter of 2023, said a company filing — up more than 11 percent from the previous quarter. But this increase was not enough to maintain Tesla's crown as the world's top battery electric vehicle producer and seller, as Chinese rival BYD reported sales on Monday of 526,409 for the same period. These figures underscore the challenges Tesla will likely face this year, from competitors keen to capitalize on the growing demand for EVs.

02.01 / 16:09

Align show reports China EV brands report 4Q delivery surge

Chinese electric vehicle brands reported 4Q delivery results this week.

02.01 / 13:03

Provident MSCI EON blues reports European stocks retreat, oil jumps

By Elizabeth Howcroft