China Financial News

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Also read: Xiaomi reveals its first electric car SU7 Xiaomi is emerging from a years-long funk, when global demand for smartphone and other electronics cratered and rivals from Huawei Technologies Co. to Apple Inc. and Oppo encroached on its once-dominant position.

China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong.

OnePlus 12 is confirmed for the Chinese market, as confirmed by the company's head, Li Jie Louis, on Weibo. According to several media reports, the Chinese company has officially disclosed several specifications of the smartphone.

Rafale fighter aircraft to search for them. The sighting of the UFO over Imphal airport took place around 2.30 pm after which a few commercial flights were affected.

₹99 for a month for Android users and ₹135 per month for iOS users. Atrangii is an OTT platform owned by film, television and web content producer Vibhu Agarwal. The ‘super app’ will be available for ₹180 for three months for Android users and Rs.225 for iOS users while the annual Android and iOS plans will cost Rs.333 and ₹369 respectively.

Chhath Puja Sale: Following the Diwali festive week, the Chhath Puja festival has recorded trade worth more than Rs 8,000 crore for retailers, the traders’ body Confederation of All India Traders (CAIT) said. Celebrated in Bihar, Jharkhand, Eastern Uttar Pradesh, Delhi, Orissa, West Bengal, Maharashtra, Rajasthan, Chhattisgarh, Madhya Pradesh and other states, the festival is among the biggest celebrations of Indian folk culture starting from Nahay-Khay and ending at Paran.

rules of origin for the medical devices sector remains a sticking-point in the proposed free-trade agreement (FTA) between India and the UK and the talks are on to iron out the differences, an official said. Huge potential is there in the medical devices sector in India, as it imports about 80 per cent of its requirement, with the US, Germany, China, Singapore and Netherlands being top exporters of such devices to the country. «In the medical devices sector, a lot of issues related to rules of origin are still there. Demand for customs duty concessions is also there,» the official said, adding negotiations are going on between the two countries to resolve the differences in both goods and services sectors. The government has taken steps to promote domestic manufacturing of medical devices/equipment and attract large investment in the sector.

Indian Air Force (IAF), soon after receiving information about the sighting of unidentified flying objects near the Imphal airport on Sunday, scrambled its Rafale fighter aircraft to search for them. The sighting of the UFO over the Imphal airport happened around 2:30 pm after which a few commercial flights were affected yesterday.

The Australian arm of Allen & Overy says it will inform local clients of any impact to their data “as soon as we can”, after the global law firm suffered a cyberattack earlier this month.

Also Read- Tata Technologies IPO: GMP remains steady. Price, lot size, other details of upcoming IPO Q2 was a disappointing quarter all across the chemicals segment said Rohit Nagraj at Centrum Institutional Research. Severely impacted by weakness in exports markets coupled with pricing pressure, chemical companies reported their weakest performance in the past several quarters, said Nagraj.

By Rae Wee

Investing.com-- Most Asian stocks rose on Monday, tracking a rebound in Chinese markets on the promise of more government stimulus measures, while Japan’s Nikkei 225 briefly hit an over 30-year high. 

Investing.com-- Oil prices moved little in Asian trade on Monday as top importer China kept its benchmark interest rates unchanged, while an upcoming meeting of the Organization of Petroleum Exporting Countries was squarely in focus. 

SHANGHAI/SINGAPORE (Reuters) — China left benchmark lending rates unchanged at a monthly fixing on Monday, matching expectations, as a weaker yuan continued to limit further monetary easing and policymakers waited to see the effects of previous stimulus on credit demand.

Investing.com-- The People’s Bank of China kept its benchmark loan prime rate unchanged near record lows on Monday, as it continued to skirt the balance between fostering an economic recovery and preventing more weakness in the yuan. 

global market cues including US bond yields, crude oil prices, and performance in US markets. On Friday, the domestic equity benchmark indices ended lower. The Sensex ended 187.75 points, or 0.28%, lower at 65,794.73 while the Nifty 50 declined 33.40 points, or 0.17%, to settle at 19,731.80.

By Jamie McGeever

India along its eastern neighbourhood, China's state-owned petroleum company has acquired control of several petrol pump and diesel stations in close proximity to the Myanmar-India border in recent times. PetroChina has so far acquired 119 retail fuel stations in Myanmar and may acquire another 53, sources indicated. Over 50 of these fuel stations were earlier owned by a Singapore-based firm. Most of the pumps acquired by PetroChina are in proximity to the India-Myanmar border or along the Trilateral Asia Highway, ET has learnt. Ever since Myanmar faced western sanctions after the coup, China has come to its rescue, including in the oil and gas sector.

Argentina heads to vote on Sunday to choose from option to bring the Argentine economy out of an economic catastrophe. The contestants- Economy Minister Sergio Massa, from the ruling Peronist party, against libertarian outsider Javier Milei. Milei stands out for displacing a traditional center-right coalition in the first round of voting last month.

By Sarah Marsh and Andreas Rinke