China Financial News

By Yelin Mo and Brenda Goh

Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.

By Nell Mackenzie

Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year, according to Atlas Public Policy

Computer chip and software maker Broadcom says it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday

Shares are mixed in Europe and Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

Prime Minister Narendra Modi had laid the foundation stone of the project in 2016. The project, called Char Dham Mahamarg, will comprise nearly 900 km of highways, including several bridges and tunnels, and will cost Rs 12,000 crore. The project had courted controversy due to concerns raised over building of roads in ecoologically fragile areas.

respiratory infections among children particularly those from kindergarten and primary school. Symptoms range from that of influenza to pneumonia. Mycoplasma pneumoniae is a bacterium that can cause lung infection, leading to a condition known as atypical pneumonia. Understanding this bacterium, its manifestations, preventive measures, and available treatments is crucial for effective management.

An international, organized criminal network has been busted for gold smuggling and using the tether (USDT) stablecoin in its $16 million-worth illegal operations.

extraterrestrial space may not be as far away as we think. A group of researchers in China have seemingly created a miracle — a way to make oxygen on Mars. The team, based at the University of Science & Technology of China has come up with an AI-powered ‘robot chemist’ that might be able to extract oxygen from water on the red planet. According to a Nature.com report, the robot uses material found in the Mars soil to produce catalysts that break down water and release oxygen. “If you think about the challenge of going to Mars, you have to work with local materials,” TOLD Andy Cooper, a chemist at the University of Liverpool, UK in an interview with Nature. “So I can see the logic behind it.” The study was published in the Nature Synthesis journal and was led by Professor Jung Jiang. Jiang and his team used a mobile machine which was shaped like a refrigerator with a robotic limb to assess five meteorites that had originated on Mars or even if found on Earth, were believed to have resembled those on Mars. The team set out to discover if the machine could form catalysts from the material. The AI-powered tool used acid and alkali to dissolve the material and evaluate the compounds. This formed the basis for inventing a one-of-a-kind formula that could break down water and produce oxygen.

Paper imports into India surged by 43 per cent in volume terms in the first half of 2023-24, fueled by a more than two-fold jump in imports from ASEAN countries, according to official data. The Directorate General of Commercial Intelligence and Statistics (DGCIS) data showed that imports of paper and paperboard jumped to 959,000 tonnes in April-September 2023-24 from 672,000 tonnes in the first half of FY2022-23.

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pneumonia outbreak in northern China since mid-October is causing global concern, particularly in the aftermath of the Covid-19 pandemic. The World Health Organization (WHO) has taken note of the situation, requesting additional data from China on the respiratory illnesses spreading in the region.

banks weighed despite gains across most other Asian peers. The rupee ended at 83.3425 against the U.S. dollar, barely changed from its close at 83.32 in the previous session. Asian currencies were mostly higher, with the offshore Chinese yuan rising 0.3% to hover near its strongest level since July.

Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases. The number of Apple smartphones sold declined 4% year-on-year during the two-week sales from October 30 to November 12, the research consultancy said on Thursday. In comparison, the number of units sold by Huawei and Xiaomi grew 66% and 28%, respectively year-on-year over the same period.

China is witnessing another alarming outbreak. As per reports, several children in China have fallen prey to a mysterious influenza-like illness. Taiwanese news channel FTV News reported that innumerable hospitals in Beijing and Liaoning have been filled to the brim with sick children. Although the patients do not have symptoms such as whooping cough. However, they are suffering from fever and have exhibited swollen pulmonary nodules. The World Health Organization (WHO) has now asked Chinese authorities to provide more transparency into the outbreak with in-depth data. “WHO has made an official request to China for detailed information on an increase in respiratory illnesses and reported clusters of pneumonia in children," the UN body told in a statement.

NMDC Ltd share price gained up to 1.72% on Thursday during intraday trades on the BSE. The stock has seen a rise close to 40% since end August, is trading near 52 week highs. The rise in international iron-ore prices is boosting investor confidence towards country's largest iron-ore producer.

Axis Bank, catering to affluent and private banking clients, the company said in a statement. "Krishnamurthy's experience and knowledge of HNIs in India will enhance our firm's pursuit of delivering innovative services to this high-potential market segment. "With Krishnamurthy at the helm, and the existing team and fresh talent, we have confidence in our capacity to expand our digital-led wealth management business, effectively meet the requirements of the High Net Worth segment and ensure profitability in our endeavours," 360 One founder MD and CEO Karan Bhagat said.

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months. 

TikTok creator Manjita Manandhar was caught off guard when the Himalayan nation banned the popular social media platform last week for disturbing «social harmony and goodwill». «I was shocked as the decision came suddenly,» said Manandhar, who earns about $1,500 a month by making content for restaurants, hotels and brands, and posting them on the app.