China Financial News

Russian President Vladimir Putin has told a senior Chinese military official that Moscow and Beijing should expand their cooperation on military satellites and other prospective defense technologies

The German government’s panel of independent economic advisers is forecasting that the country's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year

Asian share markets rallied on Thursday and the dollar was weaker after most U.S stocks edged higher and the S&P 500 recorded its longest winning streak in two years, with investors on high alert for signs that global interest rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, although up 4.6% so far this month. The yield on benchmark 10-year Treasury notes reached 4.5059% compared with a U.S.

US Federal Reserve officials and softer labor data led to growing expectations the central bank had reached the end of its rate-hike cycle. On Wednesday, the domestic equity markets closed with nominal gains amid mixed global cues. The Sensex ended 33.21 points, or 0.05%, higher at 64,975.61, while the Nifty 50 gained 36.80 points, or 0.19%, to settle at 19,443.50.

Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers. Brent crude futures rose 62 cents, or 0.8%, to $80.16 a barrel by 0145 GMT. U.S.

China is revamping the Belt and Road Initiative, which has pumped billions of dollars in grants and loans into developing countries over the last ten years. This comes as the country attempts to rein in the risks that plagued its earlier investments, according to a new report released on Monday, The Hill reported. China has shifted its attention to reducing the risk of not being repaid, its exposure to environmental, social, or governance (ESG) factors, and potential damage to its reputation in the developing world, the report from AidData, a research lab at William & Mary, found. The report said: "Beijing has launched a far-reaching effort to de-risk the (Belt and Road Initiative) by refocusing its time, money, and attention on distressed borrowers, troubled projects, and sources of public backlash in the Global South." «It is learning from its mistakes and becoming an increasingly adept international crisis manager,» it added. With more than half of its loans now in repayment, China is facing the fallout from the lack of guardrails in place at the outset of its Belt and Road Initiative.

Investing.com — Saudi Arabia and other oil producers can talk all they want about the so-called “demand” for oil. But the market isn’t buying it, sending global crude benchmark below $80 a barrel — the first time since July.

BEIJING (Reuters) — Tesla (NASDAQ:TSLA) Inc on Thursday said it raised prices on its refreshed Model 3 and Model Y long-range vehicles in China, starting Nov. 9.

Pizza Hut has started selling snake pizza. The popular American outlet has collaborated with a long-established restaurant in Hong Kong to put a contemporary twist on a traditional delicacy, featuring snake as a key ingredient on their pizza. This novel creation incorporates shredded snake meat, black mushrooms, and Chinese dried ham, all of which are essential components of an authentic snake stew. The introduction of this unique pizza is part of the marketing strategy of the Hong Kong franchise to generate online buzz and intrigue. These ingredients closely mirror those found in a traditional snake stew, a dish highly popular in Hong Kong and southern China, particularly during the colder months. Snake meat is often associated with potential skin benefits and the promotion of improved blood circulation. This unique dish is available for purchase in Hong Kong until November 22, offering a limited-time experience for curious food enthusiasts. Earlier in November, Sapphire Foods India, a Yum Brands franchisee, reported a 20 per cent decline in quarterly same-store sales at its Pizza Hut India restaurants on sluggish demand and said it is «cautious» about opening more outlets. Demand for pizzas has been slowing over the last few quarters, with restaurant operators pushing up prices in line with higher ingredient costs and as people have been shunning pizzas for fried chicken and burgers. Sapphire blamed the same-store sales decline at its Pizza Hut India restaurants, which make up roughly a quarter of its revenue, on «tough macro conditions and specifically high competitive intensity in the pizza category.» The decline has also forced Sapphire to rethink its plans to open additional Pizza Hut restaurants.

₹6,324 per bbl, having swung between ₹6,306 and ₹6,481 per bbl during the session so far, against a previous close of ₹6,507 per barrel. Also Read: India's oil demand up 4% in October, jet fuel consumption hits 43-month high: S&P Global -The EIA now expects total US petroleum consumption to fall by 300,000 barrels per day (bpd) this year, reversing its previous forecast of a 100,000 bpd increase. US crude oil stocks rose by almost 12 million barrels last week, market sources said late on Tuesday, according to American Petroleum Institute figures.

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Central banks have a responsibility to keep pace with the digital age and lead innovation, Agustín Carstens, general manager of the Bank for International Settlements (BIS), believes.

NEW DELHI/WASHINGTON : US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will hold talks with India this week that officials say will focus on security challenges in the Indo-Pacific and concerns over China, rather than the wars in Gaza and Ukraine. The talks in New Delhi on Friday with India's foreign minister Subrahmanyam Jaishankar and defence minister Rajnath Singh are part of the so-called "2 2 Dialogue", launched in 2018 to boost defence cooperation and align policy objectives in the Indo-Pacific region.

China to become the most represented country in the QS World University Rankings: Asia 2024 for the first time ever, reflecting the rising prominence of the South Asian country’s higher education system amid steps taken towards increasing the research output, academic recognition and internationalisation. As many as 148 Indian institutions feature on the sixteenth annual list comprising 856 universities from 25 Asian countries released by global higher education analyst Quacquarelli Symonds, ahead of Mainland China (133) and Japan (96). Last year, 118 Indian universities had made it to the list. Indian Institute of Technology-Bombay (IIT-B) is at the top of the India table, at the 40th spot regionally, followed by IIT-Delhi (46) and IIT-Madras (53).

alleged cash-for-query case, Bharatiya Janata Party (BJP) MP Nishikant Dubey said on November 8. “Lokpal has today, on the basis of my complaint, ordered a CBI inquiry against accused Mahua Moitra for allegedly indulging in corruption that compromised national security," Dubey said on social media platform X. An official statement from the anti-graft panel was awaited by the time the preliminary reports emerged.

Mihir Vora, Chief Investment Officer, TRUST Mutual Fund. In an interview with Mint, Vora shared his views on markets and the sectors he is positive about. Edited excerpts: We’ve had a dream run in the markets over the past eight years.

(This is breaking news. The story will be updated soon)Milestone Alert!Livemint tops charts as the fastest growing news website in the world

The U.S. plans to launch a $553 million project to build a deep-water shipping container terminal in Sri Lanka as it competes with China in development financing

A Chinese industry association has reported that sales of passenger cars rose 10.2% in October over a year earlier as makers ramped up promotions and customers opted for electric and hybrid vehicles

The Treasury Department has imposed sanctions on 13 members of Mexico’s powerful Sinaloa cartel and four Mexico-based firms accused of trafficking fentanyl into the United States

Global shares are mostly lower in muted trading ahead of a speech by U.S. Federal Reserve Chair Jerome Powell that might point the way for future interest rate policy