China Financial News

Subscribe to enjoy similar stories. There are two silver linings to the current stock slump for bullish investors. When the stock market drops, investors may feel like the sky is falling.

Subscribe to enjoy similar stories. As the U.S. market downturn continues, the natural question is whether it is a good time to start buying.

Subscribe to enjoy similar stories. The outlook for the U.S. economy this year isn’t so rosy anymore.

Oil prices edged up early on Wednesday, helped by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains. Brent futures rose 27 cents, or 0.39%, to $69.83 a barrel at 0110 GMT, while U.S. West Texas Intermediate crude futures gained 29 cents, or 0.44%, to $66.54 a barrel.

Subscribe to enjoy similar stories. AI agents aren’t yet trusted by enterprises for high-stakes tasks like financial transactions or hiring new workers. OpenAI hopes that will start to change as its AI—especially its so-called reasoning models—improve.

Donald Trump has asked his former chief strategist, Steve Bannon, to stop his public assaults on billionaire Elon Musk and broker a private meeting between the two, as per a report.

Steel companies may hold back investments to expand capacity as increasing imports shrink profit margins and eat into their market share, said analysts. India aims to achieve the target of 300 mt crude steel capacity by 2030 under its National Steel Policy. «Steel capacity expansions may slow down in case domestic steel prices are adversely impacted due to increasing imports,» said Amit Bhargava, partner and national head-metals and mining, KPMG in India.

Bitcoin's price dropped to $76,889, its lowest point since November while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023, according to data compiled by Bloomberg. Both tokens later erased those declines.

Trump is obsessed with winning the Nobel Peace Prize, which is one reason why he’s pushing Ukraine and Russia so hard toward cease-fire negotiations. The way the US president is going about it won’t earn him any favor in Oslo, though, because so far he mainly seems to be coercing Ukraine to capitulate.

Sensex and Nifty, traded lower on Tuesday, following a widespread sell-off in Asian markets after Wall Street dropped overnight due to recession concerns in the US. The rupee is likely to stay under pressure on Tuesday, as concerns over a potential recession sapped risk appetite across financial markets, driving most Asian currencies lower.

India's cotton imports in 2024/25 are likely to double from a year ago as production is set to fall below consumption because of a decline in acreage planted and adverse weather, a leading trade body said on Tuesday. Higher imports by the world's second-largest producer of the fibre could support global prices, which fell to their lowest in more than four years after top consumer China levied duties on imports from the United States. India could import 3 million bales in the current marketing year ending on September 30, up from 1.52 million bales imported a year ago, the Cotton Association of India (CAI) said in a statement. During the period from October to February, 2.2 million bales of overseas cotton landed at Indian ports, according to CAI estimates. India's cotton production in the current year is likely to fall by 10% from a year ago, to 29.53 million bales, even as demand is estimated to rise marginally to 31.5 million bales, it said.

Justin Trudeau was seen leaving the House of Commons in Ottawa carrying a chair, with his tongue sticking out. The humorous scene quickly gained traction across social media platforms, sparking widespread attention. On Monday, Justin Trudeau met with Liberal leader and prime minister-designate Mark Carney to start the transition of power after Carney's landslide win at the Sunday party election.

Elon Musk has spilled beans on why his team targeted the United States Agency for International Development (USAID). In an interview with Fox Business, Musk said the strategy was to «follow the money» and challenge what he saw as significant financial waste and corruption. Musk previously claimed that the aid agency is «a criminal organization» and that Trump has agreed to «shut it down». Trump had posted on his Truth Social page on Friday that USAID's spending «IS TOTALLY UNEXPLAINABLE… CLOSE IT DOWN!»

Ben Powell, Chief Middle East and APAC Investment Strategist, BlackRock Investment Institute, says we at BlackRock are still very much on board with the India bull story, while being respectful of the short-term sell-off which clearly has fed on itself. India is on a journey to exist as a standalone investment destination and that is going to become more and more the case in the quarters and years ahead. We have discussed the US. We have discussed China. Where is India? Did I miss it? Ben Powell: India is doing very well. I am here in the UAE. We had a huge cricket event over the weekend. India was triumphant. India, I still think is in this temporarily tricky spot of risk slightly feeding on itself. You have had a market which perhaps got a little bit ahead of itself several months ago and that was ripe, it turns out, for a little bit of a downdraft and that is now feeding on itself to some degree.

Subscribe to enjoy similar stories. The 15th edition of Aero India, a biennial air show and aviation exhibition, concluded earlier this month. Conducted across 42,000 sq m, with more than 900 exhibitors including 150 foreign companies, it was the biggest Aero India to date.

Subscribe to enjoy similar stories. At the first cabinet meeting of his second term in office, US President Donald Trump declared his intention to impose a sweeping 25% tariff on all imports from the European Union.

EB-1, EB-2, and EB-3 categories will see moderate advancements for India, while EB-4 will remain unavailable for all countries until the end of fiscal year 2025, as the annual limit has been reached. Meanwhile, US Citizenship and Immigration Services (USCIS) has confirmed that it will accept employment-based adjustment of status applications based on the Visa Bulletin's Final Action Dates chart in April 2025. This allows applicants to file if their priority date is earlier than the listed cutoff date for their category and country.

pet cloning after spending 160,000 yuan (approximately US$22,000 or over Rs 19 lakh) to clone her deceased Doberman. According to The Star magazine, while pet cloning is legal in China, it must be carried out by certified companies following strict ethical guidelines. The woman, identified by her surname Xu, resides in Hangzhou, eastern China. She recounted her experience to the mainland media outlet Personage, revealing that she first adopted her Doberman, named Joker, in 2011. Over the years, Joker became more than just a pet—he was a steadfast companion, offering Xu an invaluable sense of security, particularly during the years she lived alone. Joker’s health began to deteriorate as he aged. At nine years old, he was diagnosed with a malignant sarcoma in his neck. Given the risks associated with anesthesia, he underwent surgery without sedation, exhibiting remarkable composure and trust. Xu was deeply moved by his resilience, stating that he endured the pain bravely.

Subscribe to enjoy similar stories. Tibet’s exiled spiritual leader, the Dalai Lama, writes in a new book that he intends to be reincarnated outside China and called on the Tibetan people to reject any successor chosen by Beijing.

BEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.

Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, declined on Monday as concerns over the U.S. economy and global trade tensions weighed on investor sentiment. A run of soft U.S. economic data continued on Friday after monthly figures showed the labour market created fewer jobs than expected last month, in the first payrolls report capturing former U.S. President Donald Trump’s policies.