China Financial News
23.11 / 08:41
Provident
Reuters
film
Experts
show
stage
prevention
Astronomy camera captures North Korean rocket stage exploding after satellite launch
satellite launch rocket exploded after separation on Tuesday, video captured by an South Korean astronomy observatory showed, in what some analysts said may have been deliberate destruction to prevent recovery. North Korea launched its first spy satellite into orbit on Tuesday, after two previous attempts this year ended with the rockets crashing during flight. The video was filmed by a camera South Korea's Yonsei University uses for watching meteors. Analysts said it shows the Chollima-1 rocket crossing the sky, and a stage separating.
23.11 / 06:37
23.11 / 05:37
Citi
Provident
Digital
Enterprise
Bill
China Debuts Solar Power Industry Digital Yuan Smart Contracts
A Chinese power provider says it has completed the first digital yuan smart contract transaction in the solar power industry.
23.11 / 04:52
country
outbreak
information
reports
infection
pneumonia
Mysterious pneumonia outbreak in China: Hospitals overwhelmed as cases surge, WHO issues advisory | All you need to know
World Health Organization (WHO) on Wednesday called on individuals in China to adhere to measures aimed at lowering the risk of respiratory illness. Additionally, the organization requested further information from authorities regarding a documented increase in cases among children.
23.11 / 04:39
economy
Pool
Enterprise
show
cover
reports
China’s troubled shadow bank Zhongzhi warns of insolvency
One of China’s largest shadow banks warned it’s “severely insolvent”, with a debt pile more than two times higher than assets, according to a letter seen by Bloomberg News.
23.11 / 03:43
Corning
film
Celebrity
band
hospital
travelers
volunteers
Learning from Thanksgiving: 4 money lessons for savvy investors
e-commerce sites you frequent as well as from real estate, automobiles and more inviting you to take advantage of the big Black Friday sales? That’s why we are going to learn about the American festival of Thanksgiving. A federal holiday in the United States, Thanksgiving is celebrated on the fourth Thursday in November every year.
23.11 / 03:43
Extreme
Action
Puzzle
rock
peace
Gaza war: A pause is welcome but sustainable peace is a must
About a month-and-a-half after the Israel-Hamas war started, there is at last hope of the bloodshed ending, even if only for a bit. Israel has agreed to pause its military action in Gaza for four days in exchange for the release in batches of 50 hostages held by Hamas. For every additional 10 released, Israel has promised to extend the pause by a day.
23.11 / 03:43
Reuters
WhatsApp
NVIDIA
reports
share price
Nvidia share price falls on downbeat China sales outlook
Also Read: OpenAI researchers sent letter warning of AI threat ahead of Sam Altman's ouster Nvidia forecast adjusted gross margins of 75.5% for the fourth quarter, above analyst estimates of 72.64%. Nvidia forecast current-quarter revenue of $20 billion, plus or minus 2%.
22.11 / 21:29
Google
NVIDIA
Nov
Occidental
Nordstrom
country
reports
US stocks rise as tech sidesteps Nvidia slip
Investing.com — U.S. stocks climbed Wednesday as tech stocks advance, shrugging off a slip in Nvidia (NASDAQ:NVDA) following chipmaker's cautious outlook on China.
22.11 / 20:37
22.11 / 19:46
CEO
economy
country
reports
Lenders facing known and unknown challenges, need agile responses: Bank chiefs
State Bank of India (SBI) chairman Dinesh Khara said it is clear that the climate risk is going to be much more pronounced and significant in the years ahead, but banks are facing challenges in funding green projects. «Multilateral agencies are unable to honour their commitments in green financing due to the situation they are facing in their home countries. In this situation, banks will have to step in.
22.11 / 19:39
business
NVIDIA
generative AI
Nvidia posts record $18B Q3 revenue, cites generative AI as primary driver
Nvidia announced third-quarter revenue for 2023 of $18.12 billion, a company record, with the firm’s market cap now reaching $1.22 trillion.
22.11 / 17:53
BLOCK
Career
Software
President
stage
Department
symptoms
Larry Summers jumps to center of AI stage With OpenAI board seat
OpenAI announced the return of Sam Altman, its ousted chief executive officer, along with a revamped board that included one name not often associated with Silicon Valley: Larry Summers. The economist and former Treasury Secretary joined Bret Taylor, a former co-CEO of Salesforce Inc., and existing board member Adam D’Angelo in forming what the company called an “initial board." OpenAI’s prior directors fired Altman suddenly on Friday, setting off a dramatic saga that cast doubt on the future of the most closely-watched startup and technology. OpenAI said it was still working to “figure out the details" of its new management in a post online.
22.11 / 17:39
Manufacturing
JPMorgan
Clorox
NVIDIA
Autodesk
country
reports
fall
Nvidia, Clorox rise premarket; Deere, HP and Urban Outfitters fall
Investing.com — U.S. futures edged higher Wednesday, rebounding after the previous session’s weakness in the wake of minutes from the Federal Reserve’s last meeting which suggested interest rates could stay elevated for longer.
22.11 / 14:32
Binance
CEO
NVIDIA
Nov
country
social
reports
Warning
Altman to return as OpenAI CEO, Nvidia's China warning - what's moving markets
Investing.com -- Sam Altman is set to be brought back as chief executive of OpenAI under the supervision of a new board following days of tension and turmoil at the high-profile AI start-up. Elsewhere, Nvidia (NASDAQ:NVDA) warns of a decline in sales in China during its current quarter in the wake of more stringent U.S. export controls, while Binance CEO Changpeng Zhao resigns as part of $4.3 billion settlement that brings an end to a multi-year probe by U.S. authorities into the cryptocurrency exchange giant.
22.11 / 14:32
22.11 / 13:28
economy
Nikkei
In the land of the rising stocks, clouds may be arriving
After decades as some of the world’s most disappointing stocks, Japanese equities are suddenly lighting it up once again
22.11 / 13:21
Waters
economy
country
Indian economy better poised than China to handle global headwinds, says Axis Bank’s chief Economist
Axis Banks' chief Economist Neelkanth Mishra, who is also the part-time chairman of UIDAI. Speaking at a lecture in Bengaluru, the part time member of the Economic Advisory Council said India is in a better position to handle global headwinds than its Asian rival China. Mishra credited this growth to an increase in export of modern services, higher investment in infrastructure and better penetration of basic amenities through the country.
22.11 / 12:13
Reuters
Nov
Browser
MSCI
information
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Asia stocks slip as dovish Fed cheer fades
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22.11 / 12:05
Provident
Bill
Plan B
Lenders come up with Plan B for GenesisCare US sale process
Failed cancer care provider GenesisCare, which entered Chapter 11 in June, says its lender group has extended up to $US68 million ($104 million) in new financing to help keep the business running as it aims to emerge from bankruptcy protection in January.
22.11 / 11:39
Highways
stage
2020
Trade unions demand govt expedite rescue operations at Silkyara Tunnel
Silkyara tunnel be expedited to save the workers and called for a detailed probe into the incident while reiterating its demand to withdraw the Code on Occupational Safety, Health and Working Conditions, 2020. “There should be a thorough probe into the laxity at any level, right from tendering to various other stages of work of the tunnel,” the trade unions said in a joint letter. The 10 unions include Congress-backed INTUC, AITUC of the Communist Party, HMS, CITU, AIUTUC, TUCC, Sewa, Aicctu, LPF and UTUC along with independent sectoral federations and associations. “We demand the Occupational Safety and Health Code, based on the premise of ‘ease of doing business’, be withdrawn forthwith, which weakens whatever safety measures exist at present, rather pushes the workers out of the safety net,” it said. The trade unions demanded that the government ratify the ILO conventions about health and safety, which have been brought under Fundamental Principles of Rights at Work by ILO in its session in 2022. “We demand that all the four codes, including the Code on OSH, be withdrawn and the Indian Labour Conference should be held at the earliest to address the workers’ concerns on codification of laws,” it said in a statement. The road transport and highways secretary Anurag Jain said on Tuesday that the government hopes to rescue the trapped workers in 72 hours if the horizontal drilling of the tunnel, resumed on Tuesday, is successful. 41 workers got trapped after a portion of the tunnel under construction between Silkyara and Dandalgaon on the Brahmakhal-Yamunotri national highway collapsed on November 12. As part of the Chardham Mahamarg Pariyojana, the road transport and highway ministry has taken up the construction
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