China Financial News
18.03 / 02:49
markets
UPS
Citi
CEO
NVIDIA
wellness
NHL
Nvidia showcases AI chips as it shrugs off DeepSeek
Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China's DeepSeek disrupting the market. Huang's keynote presentation at Nvidia's annual developers conference should pack the SAP Center in the Silicon Valley city of San Jose, where the Sharks NHL hockey team plays. Industry watchers expect Huang to spotlight Nvidia's latest Blackwell line of graphics processing units (GPUs), including new updates in the works.
18.03 / 02:09
markets
UPS
Sustainability
Trade
President
War
Oil prices muted as slowdown worries offset China data, Mideast risks
Oil prices were little changed in early trading on Tuesday as global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks offset increased instability in the Middle East that could impact supply. Brent futures ticked up 10 cents, or 0.14%, to $71.17 a barrel by 0135 GMT, while U.S. West Texas Intermediate crude futures rose 7 cents, or 0.1%, to $67.65 a barrel.
18.03 / 00:47
markets
COST
CEO
Enterprise
Cycling
innovations
NTT CEO on China’s AI shift, India expansion, and future of data centers
inferencing hardware, said Abhijit Dubey, global CEO of the Japanese data centre giant NTT DATA. “I think it (impact) is far more fundamental. It demonstrated that the unit cost economics are significantly lower from a training and inferencing standpoint. Number two, it demonstrated that open source is viable. And number three, that there's a lot more value in inferencing than just pure training.” However, despite the Chinese disruption, NTT has not recalibrated capex plans for data centres and the industry is undergoing a boom cycle, he said. Globally, NTT has committed to invest 8 trillion Yen ($59 billion) between FY2023 to FY2027 in data centres and AI.
18.03 / 00:39
markets
economy
President
War
country
rights
Interviews
‘Worst recession of my lifetime’: Jim Rogers issues stark warning on US economy
The recent stock market slump in the US has raised concerns about President Donald Trump's economic policies such as tariffs, immigration crackdowns and federal budget cuts. Will these policies eventually benefit the market and investors?
17.03 / 19:47
markets
Citi
Manufacturing
Volkswagen
economy
Audi
country
Audi announces massive job cuts, sends big message to luxury car industry
Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing «immense challenges» as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi's global workforce — were aimed at boosting «productivity, speed and flexibility» at its factories in its home market, the manufacturer said. «The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,» Audi, a subsidiary of Volkswagen, said in a statement. It is the latest bad news from the ailing auto sector in Europe's biggest economy, which has been hit hard by a stuttering shift to electric cars, fierce competition in key market China from local rivals and weak demand. Audi, headquartered in the Bavarian city of Ingolstadt, said the cuts would be in areas like administration and development and be carried out in a «socially responsible» manner, meaning there would be no compulsory redundancies.
17.03 / 19:47
UPS
pandemic
Trade
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electronic
February trade deficit at 3.5-year low, exports continue fall
The ministry has also estimated a $4.43 billion trade surplus in goods and services in February, the first surplus after the Covid-19 pandemic. In February, India’s gold imports slipped to $2.3 billion from the past month’s $2.68 billion. Meanwhile, crude oil imports dropped to $11.8 billion from $13.4 billion in January, data showed. Sequentially, goods exports were up 1.31% from January 2025. “This was a difficult year for us for trade. We are positively moving in the direction of above $800 billion exports,” said commerce secretary Sunil Barthwal, adding that services exports are growing above 14%. Live Events E
17.03 / 12:47
markets
UPS
Action
reports
International
S&P 500 falls behind for the first time in years: Donald Trump’s policies backfire as foreign stocks surge while S&P 500 slumps 6%; Europe and China now outpace U.S.
The S&P 500 down 6% since his inauguration as investors are withdrawing funds from the US and investing them in stocks abroad, reported New York Times.
17.03 / 11:57
markets
COST
UPS
Manufacturing
economy
President
stage
Trump tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects
Trump administration's tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential construction and home remodeling projects. The tariffs are projected to raise the costs that go into building a single-family home in the US by USD 7,500 to USD 10,000, according to the National Association of Home Builders. Such costs are typically passed along to the homebuyer in the form of higher prices, which could hurt demand at a time when the US housing market remains in a slump and many builders are having to offer buyers costly incentives to drum up sales. We Buy Houses in San Francisco, which purchases foreclosed homes and then typically renovates and sells them, is increasing prices on its refurbished properties between 7 per cent and 12 per cent. That's even after saving USD 52,000 in costs by stockpiling 62 per cent more Canadian lumber than usual. «The uncertainty of how long these tariffs will continue has been the most challenging aspect of our planning,» said CEO Mamta Saini.
17.03 / 11:57
BLOCK
Cooper
Racing
security
War
inclusion
International
‘Two-front war no longer a possibility—It’s a reality’: Army chief Upendra Dwivedi fires warning shot
Global South is being hindered by China’s growing economic and strategic clout, Army Chief General Upendra Dwivedi said on Sunday. Delivering the fourth General Bipin Rawat Memorial Lecture in Delhi, he highlighted the increasing complexity China’s rise brings to global geopolitics. “The rise of China as a dominant economic and strategic force adds complexity, creates competition, and hampers India's effort to be the natural leader for the Global South,” General Dwivedi stated. He urged India to look towards Africa as a future power centre, recognising its potential role in the shifting global order. Despite its demographic and geographic advantages, India remains at a relatively lower global standing, he observed. “With the democratic shift and resource control race, we need to look at possibilities of Africa as a future power centre… India’s position will remain pivotal due to its geography, demography, democracy, prosperity, soft power, and inclusive approach,” he said.
17.03 / 10:19
UPS
Provident
Waters
Trade
War
cover
How China is doubling down on trade-ins to boost sluggish consumption
China pledged on Sunday to «vigorously boost consumption» and «expand domestic demand in all directions» as they seek to cushion the impact of weak external demand amid an escalating global trade war. While they did not release detailed plans and budgets for most of the measures, one exception was a consumer trade-in scheme — a Chinese version of a «cash for clunkers» programme, with officials announcing a considerable expansion of subsidies and the categories of products covered. WHAT PRODUCTS ARE COVERED BY TRADE-INS? Initially, China's government announced subsidies for eight household products — refrigerators, washing machines, televisions, air conditioners, computers, water heaters, domestic stoves and hoods for range cookers. Purchasers of these products are eligible for subsidies equivalent to 15%-20% of their sales price, capped at 2,000 yuan ($276) for each item.
17.03 / 10:09
Action
President
War
performer
track
country
rights
Trump's approval rating soars to new high, Americans say US is on right track than any time in 20 years: poll
Donald Trump's approval rating has reached 47%, equaling his best-ever mark as president, according to the latest NBC News poll. However, a 51% majority still disapproves of his performance. Three months after he returned to the Oval Office, Trump hit the highest approval rating he's ever had as commander-in chief. More Americans say the country is on the right track than at any point since 2004, according to a new poll. That’s the good news, according to an NBC News Poll released Sunday. ALSO READ: 'Hell will rain down': Trump launches large-scale strikes on Yemen's Houthis, issues blistering war threat
17.03 / 08:43
Russia using cryptocurrency for oil trade with India, China to beat sanctions: Sources
Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources with direct knowledge of the matter. While Russia has publicly encouraged the use of crypto and last summer passed a law to allow digital currency payments in international trade, its use in the country's oil trade has not previously been reported.
17.03 / 08:15
Manufacturing
WhatsApp
President
country
Bangladesh's Chief Adviser Muhammad Yunus to visit China, will meet President Xi Jinping
Issues related to bilateral interest will be discussed in the meeting between Yunus and Xi, Alam said. Dhaka wants to take its relations with Beijing to a new height aiming to turn Bangladesh into a manufacturing hub, he said. «They (China) think that this would be the most important visit by the Bangladeshi leader,» Alam added. «On March 27, Yunus will address the Boao Forum for Asia (BFA) conference focusing on the changing role of Asia in the world,» he said.
17.03 / 07:17
UPS
Digital
Google
economy
ByteDance
TikTok
Thailand approves $2.7 billion of investments in data centres and cloud services
The projects include data centres from China's Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company, GSA Data Center 02, it said. Beijing Haoyang's plan in Thailand includes a 300 megawatt data centre, valued at 72.7 billion baht, while the Thai firm has proposed a 13.5 billion baht investment for a 35 MW data centre.
17.03 / 07:17
FIVE
Gap
security
Stealth
reports
Features
India's 5th gen stealth fighter jet set to soar ahead of Pakistan as China preps for 6th gen aircrafts
The committee, led by Defence Secretary Rajesh Kumar Singh and comprising IAF Vice Chief Air Marshal S P Dharkar, Secretary (Defence Production) Sanjeev Kumar, and senior officials from DRDO and the Aeronautical Development Agency (ADA), is expected to submit its report next month. This move comes as Pakistan aims to acquire at least 40 J-35A fifth-generation stealth jets from China, which is already showcasing prototypes of its sixth-generation aircraft. Meanwhile, China has stationed its fifth-generation Chengdu J-20 jets at airfields along the Indian border, such as Hotan and Shigatse. Given this, alongside delays in the production of the fourth-generation Tejas jets by Hindustan Aeronautics Limited (HAL), a source told TOI that the committee's primary goal is to «devise how best to get AMCA from the drawing board into the air by shrinking timelines and improving efficiency, including a good workable production-cum-business model with much greater private sector participation.»
17.03 / 06:49
COST
UPS
country
reports
International
India will drive global oil consumption growth: Phillip Capital
«With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs,» said the report. As per the International Energy Agency (IEA) India's oil demand is projected to rise by 1.3 million barrels per day (mbpd) by 2030. The Organization of the Petroleum Exporting Countries (OPEC) estimates an even higher increase of 1.8 mbpd, bringing India's total oil consumption to 7.1 mbpd, up from 5.3 mbpd in 2023.
17.03 / 06:49
markets
ETF
Healthcare
Experts
performer
stars
recommendations
FY25 mutual fund stars: 36 schemes score big, Mirae Asset Hang Seng TECH ETF shines brightest
mutual funds have offered double-digit returns in the financial year ending on March 31, 2025. There were around 488 funds in the mentioned period. The top two performers were from Mirae Asset Mutual Fund. Mirae Asset Hang Seng TECH ETF FoF outshined in the mentioned period and offered 102.58% return in the financial year 2025 so far. Mirae Asset NYSE FANG+ETF FoF delivered 28.96% return in the mentioned period.
17.03 / 05:03
COST
UPS
Target
Manufacturing
Trade
President
country
Big retailers’ hardball tariff playbook: Haggle, diversify, raise prices
Subscribe to enjoy similar stories. America’s biggest retailers are deploying every weapon they have to navigate President Trump’s fast-escalating trade war, from leaning on suppliers for discounts to finding alternate product sources. In some cases, that includes price increases for consumers.
17.03 / 03:51
markets
UPS
Aware
Manufacturing
Apple
AirPods
Apple to export made-in-India AirPods to US, Europe from April
Apple will be exporting from India, with shipments of two models starting from April in small quantities, with a ramp up expected in the next 3-4 months, industry executives aware of the matter told ET. Apple’s contract manufacturer Foxconn is assembling AirPods at its new Hyderabad facility. Foxconn had announced an investment of $400 million to set up the factory in August 2023. “Apple is making small quantities of the base AirPods models — AirPods 4 and AirPods 4 (with Active Noise Cancellation) for exports to markets like the United States, Europe and others from the Foxconn facility at Hyderabad,” said an industry executive aware of the matter.
17.03 / 02:57
markets
Provident
Target
Reuters
economy
show
reports
China’s retail sales strengthen at the start of the year, industrial output tops expectations
China's economy showed a modest pickup for the first two months of the year, according to data published Monday by the National Bureau of Statistics, as Beijing reiterated its plan to bolster domestic consumption.
17.03 / 01:39
markets
UPS
ETF
Platform
economy
Trade
International
Investing in China: The how and why of it
Subscribe to enjoy similar stories. Even as Indian stock markets go through a rough patch, Chinese equities have rebounded after lagging for around a decade. Global investors are looking to ride this rally.
what's happening in 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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