China Financial News

NMDC Share Price Today: Shares of public-sector undertaking (PSU) NMDC were locked in at over four per cent upper circuit at ₹204.90 apiece to hit its 52-week high mark on Tuesday, December 26. The shares of the iron ore company rallied earlier today after iron ore futures hit an 18-year mark. Iron ore rallied to its highest since June 2022, showing Beijing’s efforts to stem the property market’s decline in recent months may be paying dividends.

The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. 

Investing.com-- Most Asian currencies moved in a tight range on Tuesday, while the dollar hovered near five-month lows as soft U.S. inflation data spurred increasing bets on interest rate cuts from the Federal Reserve in 2024. 

El Nino & Food Production The El Nino weather phenomenon, which brought dryness to large parts of Asia this year, is forecast to continue in the first half of 2024, putting at risk supplies of rice, wheat, palm oil and other farm products in some of the world's top agricultural exporters and importers. Traders and officials expect Asian rice production in the first half of 2024 to drop as dry planting conditions and shrinking reservoirs are likely to cut yields.

Chinese gaming companies have announced share buybacks — plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games. Last Friday, regulators published draft rules that would ban online games from giving players rewards if they log in every day, if they spend on a game for the first time or if they spend several times on a game consecutively. All are common incentive mechanisms in online games.

recession, particularly in the United States, the world's largest economy. However, against the odds, most major economies, with the exception of a few in Europe, successfully steered clear of a recession in the face of a global economic slowdown. As the world looks ahead to 2024, a measured sense of optimism permeates discussions about the upcoming year.

HFCL (Himachal Futuristic Communications Limited), a company with diverse operations in telecom infrastructure, has experienced a remarkable surge in its stock value this month. The shares have demonstrated the strongest monthly performance since June 2021, registering a notable gain of 26% thus far. The stellar performance has propelled the stock to a gain of 301% over the past three years.

Investing.com-- Oil prices kept to a tight range in holiday-thinned Asian trade on Tuesday, as markets weighed the prospect of continued supply disruptions in the Red Sea against fears of higher production in 2024. 

stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling U.S. inflation bolstered bets the Federal Reserve would cut interest rates soon. Investors were still digesting data released on Friday that showed U.S. prices fell in November for the first time in more than 3-1/2 years, underscoring the economy's durability.

Indian economy is likely to grow 6.7% in FY24, according to a median forecast of 11 economists, staying resilient despite external headwinds as domestic demand and improving investments provide support. Prospects have improved from a month ago, when an ET poll pegged the current fiscal year's expansion at 6.3%. However, the median is still short of the recent Reserve Bank of India (RBI) estimate.

Nostradamus has left an indelible mark on our collective imagination. Because he wrote in cryptic poems or quatrains, his words possess the quality of being perpetually open to reinterpretation to align with historical occurrences. Evaluating his 'accuracy' becomes a notoriously challenging task due to this characteristic.

ICIMOD) report, released earlier this year, warns that glaciers in Hindu Kush Himalayas are melting at unprecedented rates. They could lose up to 75% of their volume by the end of the century, leading to flooding and water shortages for the nearly 2 billion people who live downstream of the rivers. Such warnings mean that international monitoring of glaciers will be a crucial bulwark for safeguarding the region's future. But, last week, GoI rejected a parliamentary panel's recommendation for a data-sharing agreement on Himalayan glaciers with countries of the region, including not-best-of-pals China.

Chinese embassy and consulates in India will continue to provide consular protection and assistance to the individuals concerned in accordance with the law," Chinese foreign ministry spokesperson Mao Ning said. Mao Ning added that China expects a fair, just, transparent, and non-discriminatory business environment from India.

Japanese home projector app designed by Aladdin X, has become a sensational viral hit, capturing the hearts of gaming enthusiasts. The game's simple yet addictive mechanics propelled it to the top of Nintendo Switch downloads, creating a cultural buzz and unexpected success. Here's a closer look at the story behind Suika Game's meteoric rise.

PTI citing court sources. He moved an application before special judge Hardeep Kaur last week, seeking pardon in the case and claiming he had material information that he was willing to disclose to the Delhi Police, said the report. The matter has been posted before a magisterial court for recording Amit Chakravarty’s statement.

sugar and this makes the sector vulnerable to fluctuations in global prices and demand, a report by economic think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said these five products — basmati rice, non-basmati rice, sugar, spices, and oil meals — account for 51.5 per cent of India's total agriculture exports. Furthermore, India grapples with various domestic challenges including infrastructural deficits, quality control issues, and non-tariff barriers, all of which impede the growth and competitiveness of its agricultural sector, it said. «This makes them (agri exports) vulnerable to fluctuations in global prices and demand,» it said, adding these commodities also face frequent export bans in India. At present export of non-basmati rice is currently banned from India and India is also fighting at the WTO (World Trade Organisation) to protect subsidies to rice and wheat under a public stock holding programme. Besides, certain WTO member countries have taken India to disputes on sugar for providing subsidies to farmers.

Tata group won the bid for Air India in 2021 and took control of the airline in January 2022. It will soon be two years since the control moved to the Tatas. The airline has placed a large order, made changes to its offering, launched new routes, and operationalised its grounded planes as visible signs.

Vivo arrested by Indian authorities and urges India not to discriminate against Chinese companies, a foreign ministry spokesperson said on Monday. «We are closely following what you mentioned.

Chinese state media accused the Philippines on Monday of repeatedly infringing on China's territory in the South China Sea, spreading false information and colluding with extraterritorial forces to cause trouble. The Philippines has relied on U.S. support to continually provoke China, with such "extremely dangerous" behaviour seriously harming regional peace and stability, China's Communist Party mouthpiece, the People's Daily, wrote in a commentary on Monday.

BANGKOK (Reuters) — Major Japanese auto manufacturers will invest 150 billion baht ($4.34 billion) in Thailand over the next five years, a Thai government spokesperson said on Monday, supporting the Southeast Asian country's transition to making electric vehicles.

Ministry of Defence of Taiwan, has tracked four Chinese Naval vessels and two military aircraft around Taiwan. According to Taiwan News, the naval ships and aircraft were tracked around the nation between 6 a.m. on Sunday (Dec.