China Financial News

In recent years, koi have become hugely popular in Asia, with exports doubling over the past decade

U.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between Presiden...

US Treasury Secretary Janet Yellen will visit China again next year at her counterpart’s invitation, as officials in the world’s two biggest economies seek to boost contact further and improve tense relations.

Radhika Gupta, the chief executive officer and managing director of Edelweiss Mutual Funds, stirred a discussion on social media by comparing the holiday period during Diwali with the festive breaks seen in the West during Christmas and New Year. Instead of a couple of days of holiday at present, the need may be of a longer break, stretching up to a week, she suggested. “In all my years living in the West, holiday season was long and extended.

China have created a game of «catch me if you can» with US chip giant Nvidia and other companies, which affect the interests of both countries and will accelerate Chinese innovation, the Global Times newspaper said on Saturday. The chip industry newsletter SemiAnalysisas reported earlier that Nvidia plans to release new artificial intelligence chips aimed at the Chinese market less than a month after the US tightened rules on selling high-end AI chips to China.

Dhiraj Bommadevara clinched India's first Paris Olympics quota in archery when bagged a silver at the Asian Continental Qualification Tournament here on Saturday. After his senior colleague Tarundeep Rai's last-eight exit, Bommadevara was the lone Indian in fray and the 22-year-old did not disappoint, cruising into the final with two straight-set wins.

EA YONG, Vietnam—In the verdant highlands of central Vietnam, warehouses the size of airplane hangars dominate small farming towns, bristling with mounds of tropical fruit. The bounty is destined for a colossal market: China. Farmers are felling coffee trees traditionally grown in this cool hilly region to plant spiky durians, pungent fruits that have become wildly popular in China.

India and the United States pledged to strengthen their strategic alliance by enhancing defence and security collaborations and expanding cooperation in the Indo-Pacific region in response to China's growing military assertiveness on Friday. Additionally, they unveiled intentions to collaborate on the joint production of an armoured infantry vehicle.

Defense Secretary, Lloyd Austin, announced on Friday that India and the US are set to collaborate on co-producing infantry combat vehicles, marking a crucial step in their defense industrial cooperation. This announcement comes in the backdrop of both nations intensifying their strategic ties in response to China's growing military assertiveness. During the '2+2' ministerial dialogue, Austin highlighted ongoing efforts to expedite the delivery of MQ-9B drones to India from the US.

China continues to battle its property demons while it is Italy's turn to be in the eye of the ratings agencies. Here is your week-ahead primer from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Danilo Masoni in Milan and Alun John and Dhara Ranasinghe in London. 1/ INFLATION WATCH A slew of Federal Reserve policymakers including boss Jerome Powell say they are still not sure that rates are high enough to finish the battle with inflation. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. The October consumer price index is expected to have climbed 0.1% on a monthly basis, according to a Reuters poll. September's CPI rose 0.4% on a surprise surge in rental costs, but also showed a moderation in underlying inflation pressures. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. A federal government shutdown meanwhile looms if lawmakers in Washington are unable to pass a measure to at least temporarily fund operations before a Nov.

Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Exactly, the major positive for silver is rise in the industrial demand. The use in 5G technology, green energy and Electric Vehicles (EV) is likely to drive the market up. Nonetheless, China is clearly struggling with an economic downturn, we expect the recovery in the manufacturing activity somewhere in H2 of next year.

NEW YORK (Reuters) — Industrial and Commercial Bank of China (ICBC) injected significant capital into its U.S. unit to help settle trades after it was hacked this week and has hired a third party to make sure its systems are safe, three sources familiar with the matter said.

A number of altcoins bankrolled by recently convicted FTX founder, Sam Bankman-Fried, appropriately dubbed “Sam coins,” have continued to rally this week ahead of his potential March trial.

NEW YORK (Reuters) -Industrial and Commercial Bank of China's hack left its U.S. unit temporarily owing Bank of New York Mellon (NYSE:BK) $9 billion as a result of unsettled trades, prompting the parent to inject capital into the unit to settle the trades, sources familiar with the matter said.

By Ann Saphir and David Lawder

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.

By David Lawder and Ann Saphir

By David Lawder and Ann Saphir

The Chinese government has released a statement declaring that anyone caught stealing digital collections, which include digital collectibles such as NFTs, will be subject to criminal penalties.

SAIC-GM, a joint venture between SAIC Motor and General Motors (NYSE:GM), announced its plans to join forces with Tesla (NASDAQ:TSLA) for access to the EV automaker’s Supercharger Network by the close of 2023.

A consortium of 47 countries, including the US, the UK, and Australia, have adopted a new framework for the automatic exchange of information between tax authorities.