China Financial News
15.11 / 13:43
economy
US federal pension funds exclude Hong Kong
The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, from its $68 billion international fund, amid rising tensions between the world’s two largest economies.
15.11 / 13:43
Action
US-China agreement on climate change is a breakthrough
The US and China, the world’s biggest polluters, vowed to step up joint action to tackle climate change in a revival of collaboration that’s likely to offer crucial momentum for UN talks in Dubai opening later this month.
15.11 / 12:15
IPO
Target
Manufacturing
Software
Tesla
Nov
Bill
Renault’s EV Maker Ampere Sets $11 Bln Revenue Target as It Gears Up for IPO
Ampere, Renault’s electric-vehicle and software company preparing for a public listing, said it is targeting revenue of more than 10 billion euros ($10.88 billion) in 2025 while it readies to compete with less expensive cars from China and Tesla. The French car maker, which was officially carved out form its parent company on Nov. 1, said on Wednesday that it is aiming to sell around 300,000 vehicles that year.
15.11 / 12:15
Manufacturing
CEO
Apple
Tesla
President
country
reports
elon
Elon Musk and Jane Fraser are just some of the CEOs hoping to woo China's Xi
Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.
15.11 / 12:12
Blockchain
NFT
Dairy Queen opens NFT pop-up store in China
Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.
15.11 / 12:09
15.11 / 12:09
Manufacturing
economy
pandemic
President
show
reports
travelers
China's economy shows sparks of life, despite persisting weakness in troubled real estate sector
China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish
15.11 / 12:09
Waters
economy
Mercantile
Nikkei
show
electronic
reports
Stock market today: Global shares get a lift from encouraging US inflation report
Global shares are mostly higher, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation
15.11 / 12:09
Cooper
Progressive
pandemic
President
reports
travelers
Department
Biden aims for improved military relations with China when he meets with Xi
President Joe Biden and Chinese President Xi Jinping are expected to agree to restore some military-to-military communications between their armed forces
15.11 / 12:09
Target
economy
show
country
reports
prevention
Asian economies must ramp up wind and solar power to keep global warming under 1.5C, report says
A German thinktank has reported that to prevent global warming from surpassing the critical threshold of 1.5 Celsius, major Asian economies must ensure they can get half of their total electricity from renewables by 2030
15.11 / 11:33
15.11 / 11:26
IPO
Target
Reuters
Nov
Browser
information
recommendations
Renault sets out targets for EV unit, says won't sell it cheap
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15.11 / 10:59
Provident
Target
economy
show
electronic
reports
Department
Futures inch higher, Target to report - what's moving markets
Investing.com -- U.S. stock futures inch up on Wednesday, after the main indices on Wall Street soared in the prior session on optimism that slower-than-projected inflation data may lead the Federal Reserve to end its long-standing policy tightening campaign. Meanwhile, Target (NYSE:TGT) gears up to release its latest quarterly results and industrial activity in China grows at a faster than expected pace in October.
15.11 / 10:59
15.11 / 10:59
Manufacturing
reports
Infineon reports better-than-expected 2023 revenue on semiconductor demand
BERLIN (Reuters) -German chip manufacturer Infineon (OTC:IFNNY) reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and renewable energy sectors, remains unabated.
15.11 / 10:59
Target
Bill
President
show
reports
prevention
Futures signal more gains on Wall Street; eyes on data, Biden-Xi meeting
(Reuters) — U.S. stock index futures rose on Wednesday, paving the way for fresh gains on Wall Street, as an encouraging inflation report fueled hopes U.S. interest rates have peaked.
15.11 / 09:53
Platform
stage
country
Tencent posts strong revenue growth as games sales recover
Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country's tech sector. Sales for the world's largest video game company and operator of the WeChat messaging platform came in at 154.6 billion yuan ($21.4 billion) for the three months to end September, its third straight quarter of revenue growth.
15.11 / 09:53
Citi
CEO
social
reports
Baidu CEO warns China's rush to develop AI models risks wasting resources
Baidu, warned on Wednesday that the fervor rushing to develop large language models in China could lead to a waste of resources, saying firms needed to focus their efforts on developing practical applications. Robin Li made his comments at an industry forum in Shenzhen amid mounting market worries over a potential industry shakeout as companies developing large language models have yet to find viable business models.
15.11 / 09:53
Cooper
Action
Assurant
economy
President
show
country
Biden, Xi meeting is aimed at getting relationship back on better footing, but tough issues loom
Joe Biden and Xi Jinping head into their big meeting at a country estate on Wednesday hoping to stabilise US-China relations after a period of tumult, but the US president also is prepared to confront his counterpart on difficult issues such as trade, Beijing's burgeoning relationship with Iran and human rights concerns. The two leaders, who will meet on the sidelines of a summit of Asian-Pacific leaders, last spoke a year ago. Since then, already fraught ties between the two economic superpowers have been further strained by the U.S.
15.11 / 09:53
Target
Action
Experts
European Commission
reports
EU reaches deal to reduce highly polluting methane gas emissions from energy sector
methane gas emissions from the energy sector across the 27-nation bloc. According to experts, one of the biggest causes of climate change is methane gas emissions — second only to carbon dioxide. The gas also causes serious health problems.
15.11 / 07:22
Provident
CEO
Platform
Celebrity
performer
reports
Aussie brands still rule China’s downsized Single’s Day
China’s 15th Single’s Day shopping event may have ended with a sputter, but Australian products from vitamins to infant formula are still hot sellers with shoppers, taking out the top spot in several health and wellness categories.
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