China Financial News

10.11 / 10:29

regulation Taxes OECD 47 countries pledge to authorize the crypto-asset reporting framework by 2027

Just under 50 national governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international standard on automatic exchange of information between tax authorities, into their domestic law systems. The statement was published on Nov. 10.

10.11 / 09:17

China is winning Africa’s “white-gold” rush for lithium

10.11 / 09:17

Target Reuters Assurant economy Fitch Experts show Retail Inflation preview: India's CPI expected to be around 4.6-4.9% in October

Bank of India (RBI) with a sense of assurance, enabling them to maintain interest rates at a stable level over the coming months, as suggested by experts. According to a Mint poll of 17 economists, India’s retail inflation likely cooled to 4.8 per cent in October from 5 per cent in September. However, economists warned that vegetable prices still pose an upside risk to their forecasts.

10.11 / 09:15

Digital Platform economy Nov Caseys show Price wars during Chinese shopping fest expose consumer woes

By Sophie Yu and Casey Hall

10.11 / 09:07

Manufacturing NVIDIA President performer country reports Department Nvidia will reportedly sell new chips to China that still meet U.S. rules

BEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. rules aimed at curbing China's access to the tech.

10.11 / 08:33

Target Progressive Discover Experts 2020 reports China's biggest lender's US arm hit by ransomware attack

ransomware attack that disrupted trades in the US Treasury market on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year. ICBC Financial Services, the US unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems, and making progress toward recovering from it.

10.11 / 07:59

Waters Mobile economy stage country hospital reports Taiwan is looking to hire as many as 100,000 Indian workers

Taiwan with a plan to send tens of thousands of workers to the island as early as next month, according to senior officials familiar with the matter, potentially angering neighbor China. Taiwan could hire as many as 100,000 Indians to work at factories, farms and hospitals, the officials said, asking not to be identified as the discussions are private. The two sides are expected to sign an employment mobility agreement by as early as December, the people said. Taiwan’s aging society means it needs more workers, while in India, the economy isn’t growing fast enough to create enough jobs for the millions of young people who enter the labor market every year.

10.11 / 07:43

Provident Manufacturing economy pandemic country innovations Raghuram Rajan says India's current growth isn't enough to create ample jobs

Reserve Bank of India Governor Raghuram Rajan said. “We should be going at 8%-8.5% given the needs of the population and the need for jobs,” Rajan said via video link at an event in Beijing on Friday. Economic growth at 6%-6.5% is strong compared with other countries, “but relative to our need for jobs I think it’s still somewhat slow because we have a lot of young people who need to be employed.” While India’s expansion has outpaced that of other major economies, the country isn’t creating enough jobs for the millions of people joining the workforce every year.

10.11 / 07:15

Provident Target Manufacturing Strategy MinRes to dig for lithium in gold mine

Mineral Resources has made another lithiumacquisition less than a week out from the company’s annual general meeting, where billionaire founder Chris Ellison is expected to shed some light on the strategy behind a spate of recent deals.

10.11 / 05:47

business Adoption regulation Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital.

10.11 / 05:05

Twitter BLOCK Platform WSJ Instagram exclusive reports Meta strikes deal with Tencent to sell VR headset in China - WSJ

(Reuters) -Meta Platforms has struck a deal with Tencent Holdings (OTC:TCEHY) to sell a new, low-cost virtual-reality (VR) headset in China, as it tries to return to a market where Facebook (NASDAQ:META) and Instagram remain blocked, the Wall Street Journal reported on Thursday.

10.11 / 05:05

Gap economy Asia FX muted, dollar strong as Powell downplays rate pause bets

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes.

10.11 / 05:05

Manufacturing economy China's Gotion High Tech: US IRA unlikely to deter firms from going abroad

SHANGHAI (Reuters) — Measures such as the U.S. Inflation Reduction Act are unlikely to stop firms from going abroad, as companies thrive through competition and not through regulation or subsidies, the chairman of Chinese battery maker Gotion High Tech said.

10.11 / 05:05

economy Nikkei show performer track country electronic Asian stocks Asian stocks slide as Fed fears resurface, tech hit by weak earnings

Investing.com-- Most Asian stocks fell on Friday tracking hawkish signals on U.S. interest rates, while weak earnings from industry majors including Softbank and SMIC weighed on broader technology stocks.

10.11 / 05:05

Manufacturing Apple show track electronic testing Asian chipmakers slide tracking 80% profit slump in China’s SMIC

Investing.com-- Major Asian chipmaking stocks sank on Friday, tracking a steep decline in Semiconductor Manufacturing International Corp (HK:0981) after China’s biggest chipmaker logged a 80% slide in its quarterly profit amid worsening demand.

10.11 / 05:05

Manufacturing Apple awards AirPods country Apple supplier Luxshare to invest $330 million more in northern Vietnam

HANOI (Reuters) — Apple (NASDAQ:AAPL) supplier Luxshare Precision Industry Co has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the total investment to $504 million, provincial authorities said.

10.11 / 04:57

Provident Reuters Platform country reports testing Chinese business database Qichacha passes Beijing's security test for resuming overseas operations

BEIJING — Chinese business database Qichacha said Friday it passed a data export security assessment that allows the company to resume overseas operations.

10.11 / 04:37

Meta strikes deal to return to China after 14 years

Write to Raffaele Huang at [email protected], Liza Lin at [email protected] and Salvador Rodriguez at [email protected]

10.11 / 04:25

Provident Digital Manufacturing Platform awards country innovations Jewellery Over 35 lakh weddings in coming months promise strong season for jewellery retailers: Vipul Shah, GJEPC

Vipul Shah, Chairman, Gem & Jewellery Exports Promotion Council (GJEPC). In an interaction with ET Digital, Shah says he is upbeat about the prospects of the gems & jewellery sector as the industry expects the ongoing festive month to give a sharp surge in demand.

10.11 / 03:19

Citi Experts show country Weekly Oil set for third weekly decline as Middle East conflict concerns ebb

Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $75.67, down 7 cents. Brent futures are down 5.7% this week while WTI has declined 5.9% since last week.

10.11 / 03:01

Cooper Citizens President country 2020 reports strain US Secretary of State Anthony Blinken in India: China, Israel, 2+2 Ministerial Dialogue... Top 5 things you need to know

US Secretary of Defense Lloyd Austin will join Blinken in talks with India's foreign minister S Jaishankar and defence minister Rajnath Singh. The annual dialogue is expected to focus on "defence and security cooperation", the report added. Overall, the discussions are expected to cover a range of issues, including the ongoing border dispute with China, Russia's invasion of Ukraine, and the challenge posed by the conflict in Gaza to key trade and transport routes linking Europe, the Middle East, and India.

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