China Financial News

Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region. 

Seurat Technologies, a 3D metal-printing startup, on Monday hinted at potentially going public in the medium term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's venture capital arm. With the latest series C funding round, the company's valuation will approach $350 million, said a source who asked not to be named.

Nifty 50 today: Key equity indices the Sensex and the Nifty 50 closed in the positive territory for the second consecutive session on Monday, October 30, on gains led by select heavyweights including Reliance Industries, HDFC Bank and ICICI Bank, amid positive global cues. Major European markets, including the UK's FTSE, France's CAC 40 and Germany's DAX were up over half a per cent each when the Sensex closed as investors shifted focus on key central bank meetings this week.

recent third-quarter earnings report, HSBC revealed an expectation of $1.1 billion in credit loss charges. Approximately $500 million of these charges are associated with the commercial real estate sector in mainland China. This year, HSBC has already set aside a total of $800 million to cover potential losses in its China property portfolio, the report added.

(Reuters) — Prime Minister Mikhail Mishustin said on Monday that Russia would create a simplified procedure for citizens and companies from «friendly» countries to invest there.

Investing.com — European stock markets traded with small gains Monday as investors digested regional inflation data, ahead of several central bank meetings, including a crucial gathering by the U.S. Federal Reserve.

Investing.com-- Most Asian stocks fell on Monday as investors hunkered down for a data-heavy week headlined by the Federal Reserve, while uncertainty before a Bank of Japan meeting weighed heavily on the Nikkei. 

Zhaojin Mining has called up Standard Chartered and law firm Herbert Smith Freehills as it makes a play for tightly held West African gold miner Tietto Minerals.

Greenbushes, Australia’s largest hard rock lithium mine, may be forced to reduce productionas prices for the key battery metal collapse on lower Chinese electric vehicle sales.

witness a slight decrease in growth from 4.1 percent in 2022 to 4 percent in both 2023 and 2024. The report highlights that global inflation is expected to gradually decrease, declining from 8.7 percent in 2022, to 6.9 percent in 2023, and 5.8 percent in 2024. Tighter monetary policies and lower international commodity prices contribute to this decline.

Narendra Modi is embracing a liberalization and globalization growth model. While investors are aware of India’s ambitious targets for growth, exports and consumption, they may be less aware of the commitment to innovation and liberalization required to achieve these targets, it stated. These, as per the report, include: 1.

The trade ministers of the Group of Seven nations pledged to build a wider network with developing nations to ensure supply chains are resilient for key items including critical minerals, semiconductors and batteries, according to the group’s joint statement released Sunday at the conclusion of their two-day gathering in Osaka, Japan. “We deplore actions to weaponise economic dependencies and commit to build on free, fair, and mutually beneficial economic and trade relationships, and accelerate such collaboration with the wider international community,” the group said in its joint statement.

Rahul Gandhi's «silence» over Kerala's serial blasts, Union Minister Anurag Thakur said, «Who are these people who want to create chaos here from outside.» «I condemn the bomb blast incident in Kerala...,» Thakur told reporters in Himachal Pradesh's Bilaspur on late Sunday evening. «The silence of Rahul Gandhi who is an MP (Wayanad) from the state, clearly shows that Congress is silently supporting them...After all, who are these people who want to create chaos here from outside?.. Congress and the Communist Party are silently supporting them (people behind the blasts) and are not taking action against them...,» he added. On Sunday evening, Rahul Gandhi in a post on X condemned the incident and termed it «deeply disturbing». He also expressed condolences to the bereaved family and said, «I hope for a quick recovery for those injured». «There is no place for hatred and violence in a civilised society.

Standard Chartered’s Q3 results – which came out yesterday — revealed the numbers behind something many have seen going on for a while: two cities are subsiding the entire rest of the bank.

Indian diamond houses, which cut and polish nine out of 10 stones, told banks last week that the next four months would be crucial. The trade that suffered a 30% drop in prices of natural stones and dealt with over 50% slide in lab-grown diamond (LGD) prices in the past one year, is in touch with global mining giants like DeBeers for marketing assistance after putting a temporary ban on imports. With China, the second-largest market refusing to pick up, the trade is betting on Diwali, US Thanksgiving (November 23), Christmas and finally Valentine’s Day to push out the unsold gems. A lurking concern among the traditional diamantaires is that while the supply of mined diamonds has slowed following the import ban, there is no control over LGD prices as anyone having the money can set up LGD factories. But LGD players say the prices have stabilised with 2 out of 11 players globally going bankrupt. “We met senior bankers on Friday.

Infosys co-founder NR Narayana Murthy's suggestion to India's youth to work more hours has stirred a controversy in a country that has among the world's longest working weeks, yet trails in labour productivity by international standards. The obvious analogies to rebuilding post-war Germany and Japan may be misleading, because those countries faced labour shortages. India has a problem with unemployment and underemployment that pulls down its labour productivity.

Narendra Modi unveiled this ambitious project on 9 September during the G-20 summit in New Delhi. It has the potential to change face of Asia and Europe through the building of transport and communication links via rail, road, and the sea. Along with the US, Saudi Arabia, UAE, the EU, Italy, France, and Germany have signed a Memorandum of Understanding for this project.

₹250 crore fund-raising led by the investment arm of brokerage firm Motilal Oswal on 7 September for the third time after infusing ₹350 crore in April, and ₹250 crore in January 2020. While Bansal did not divulge the names of firms it is in talks with for smartphone manufacturing, he said its phone assembly business may begin with existing clients from other product categories. Its global expansion is driven by the need to meet regulations across geographies, and to reduce shipping times to global markets.

Mint explains: Up until early August, only Cruise autonomous cars with a “safety driver" (human) could charge cab fares for rides in California at night. Cruise driverless cars could take passengers without humans but not charge any fare. Alphabet-owned Waymo, another fully autonomous car, couldn’t charge without a human driver either.

Tether, the preeminent stablecoin firm globally, has once again exemplified its resolve against illicit financial activities by freezing 32 cryptocurrency addresses, implicated in terrorism and warfare funding within Israel and Ukraine. The move showcases the intensifying collaboration between cryptocurrency establishments and global law enforcement to counteract the rising tide of digital-financed crime.

Wang Yi said the path to a meeting between President Xi Jinping and Joe Biden was «not smooth», state media reported as the top diplomat wrapped up a rare visit to Washington. Wang met with Biden and other senior US officials this week, with both sides agreeing on Friday to set up a meeting between the leaders next month. Biden has invited Xi to San Francisco in November for the Asia-Pacific Economic Cooperation (APEC) summit at a time of tense relations between the two powers.