China Financial News
03.11 / 10:55
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Biden wants to improve U.S.-Africa trade pact, not just renew it - Blinken
By Joe Bavier, Nellie Peyton and Bhargav Acharya
03.11 / 10:17
Manufacturing
Action
Apple
MacRumors
consequences
reports
Apple plans to assemble iPhone 17 in India: Ming-Chi Kuo
Analyst Ming-Chi Kuo, as reported by MacRumors, suggests that Apple may initiate the assembling of the iPhone 17 in India, marking the first instance where the company will undertake iPhone development outside of China. The New Product Introduction (NPI) is a comprehensive process spanning from product conception to mass market production. Apple has traditionally entrusted this process solely to its Chinese manufacturing plants, but this may be changing.
03.11 / 09:53
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Reuters
Nov
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Q3
BMW reports higher margin in Q3, sticks to annual forecast
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03.11 / 09:53
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Global Sector review – Japan finally tightens monetary policy
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03.11 / 09:53
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Parke
Nov
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Sunak, Musk and AI: what we learned from the Bletchley Park summit
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03.11 / 09:03
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India tops in workplace burnout survey with 59% reporting symptoms
Narayana Murthy’s 70-hour work week remark: 7 ways to design a “rich" life on your terms The survey, conducted on 30,000 employees in 30 countries around the world, reported positive overall holistic health at workplaces. While Japan stood at the bottom in a global ranking of employees’ well-being, measured by assessing physical, mental, social, and spiritual health at 25%, Turkey was highest at 78%, followed by 76% for India and 75% for China.
03.11 / 09:03
Provident
reports
Bhutan King Wangchuck lands in India for 8-day visit amidst boundary dispute with China
Narendra Modi and External Affairs Minister S Jaishankar. He will also visit Assam and Maharashtra, the ministry said as quoted by PTI. “The King of Bhutan Jigme Khesar Namgyel Wangchuck, accompanied by senior officials of the Royal Government of Bhutan, will be on an official visit to India from November 3 to 10," it said.
03.11 / 08:55
Asia
Abrdn
Investment trusts
Annual results
Asia Dragon NAV drops 16.7% in annual results as merger approaches
The trust has seen a permanently wide discount rate in recent years, hovering around 10%, but this has since begun to widen further, sitting at 16.2% in its annual results.
03.11 / 08:47
03.11 / 08:23
03.11 / 08:23
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US imposes sweeping new sanctions targeting Russia over war in Ukraine
By Daphne Psaledakis and Timothy Gardner
03.11 / 07:43
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Q3
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Gold prices to get support as central banks maintain historic buying in Q3: World Gold Council
Also Read: Gold price today: MCX Gold trades lacklustre; how to trade in bullion today? Q3 investment demand of 157 tonnes, although 56% higher YoY, was weak relative to its five-year average of 315 tonnes. Bar and coin investment declined 14% YoY to 296 tonnes, largely due to sharp falls in Europe, the report showed.
03.11 / 06:25
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Asian stocks
Asian stocks rally tracking Wall St strength, easing Fed fears
Investing.com-- Most Asian stocks rose sharply on Friday, encouraged by strength on Wall Street and increased bets that the Federal Reserve was done with its run of interest rate hikes, although focus still remained on key U.S. payrolls data due later in the day.
03.11 / 06:25
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Asia FX firms as dollar extends losses before nonfarm payrolls
Investing.com-- Most Asian currencies advanced on Friday, while the dollar eased further as traders bet that the Federal Reserve was done with its interest rate hikes, although anticipation of key nonfarm payrolls data kept gains in check.
03.11 / 05:33
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India’s steel expansion plans threatened by scrap metal export restrictions
scrap metal shipments from the European Union as it seeks to reduce industrial emissions may make it harder for India to grow its steel sector. Countries are recycling more scrap domestically to reduce the use of pollutive feedstocks like iron ore in the steel-making process. For India, which is scrap deficient due to a relatively small consumer base, imports are key to its target of doubling steel production capacity to 300 million tons by the end of the decade. Producers are following policy developments such as the EU’s update of its waste shipment rules, which came after China tightened scrap metal exports.
03.11 / 05:01
economy
Tesla
TikTok
gatherings
It’s US vs. China in an Increasingly Divided World Economy
TikTok and fast-fashion giant Shein are also building large businesses in the U.S., though they face political pressure that could constrain their growth. While U.S.
03.11 / 05:01
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share price
Tata Motors share price rallies over 4% after in-line Q2 results; brokerages remain bullish on stock
Tata Motors share price rallied over 4% in early trade on Friday after the company reported September quarter earnings in line with Street estimates. Tata Motors shares jumped as much as 4.49% to ₹665.45 apiece on the BSE. Auto major Tata Motors on Thursday reported a consolidated net profit of ₹3,783 crore for the second quarter of FY24, driven by robust performance by Jaguar Land Rover.
03.11 / 05:01
Citi
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Hot Stocks: Brokerages view on Tata Steel and Dabur India
Tata Steel and Dabur India who declared their quarterly earnings this week. US brokerage Citi downgraded Tata Steel and slashed the price target on concerns over Europe operations coupled with domestic steel prices. Meanwhile, Jefferies has recommended a ‘Hold’ rating on the FMCG play Dabur India while CLSA has an outperform stance on the counter.
03.11 / 04:49
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Reuters
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Apple
Qualcomm
gatherings
China iPhone sales strong, Apple tells investors as Huawei threat looms
By Yuvraj Malik and Stephen Nellis
03.11 / 04:49
03.11 / 03:43
Manufacturing
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Oil prices steady after wild swings, but set for second week of losses
Investing.com-- Oil prices steadied in Asian trade on Friday after a weakened dollar and easing concerns over the Israel-Hamas war spurred wild swings over the prior sessions, although they were still set to close lower for a second straight week.
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In China, the spotlight is on local government initiatives that affect the region’s daily life.
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