China Financial News

BEIJING (Reuters) -Taiwanese companies should assume their social responsibilities and play a «positive role» in promoting the peaceful development of relations across the Taiwan Strait, China's government said on Wednesday, amid a probe into major Apple (NASDAQ:AAPL) supplier Foxconn.

Investing.com-- Most Asian stocks rose on Wednesday, tracking a positive overnight session on Wall Street, while Chinese stocks extended a recovery rally after the government announced plans for a massive bond issuance. 

CNN News. Acting on a tip-off by animal activists, the cops from Zhangjiagang bust an illicit trading practice that fraudulently sells feline meat as pork or mutton. The cops intercepted a vehicle used to collect and transport captured cats after the animal activists noticed a large number of nailed wooden boxes carrying cats near a cemetery.

By Heekyong Yang and Joyce Lee

By Tom Westbrook

Sensex slipped 825.74 points to end at 64,571.88, while the Nifty 50 plunged 260.90 points and closed at 19,281.75. Nifty 50 formed a long bear candle on the daily chart, which indicates sharp break down in the market. “Nifty has broken below the immediate supports of 19,480 and 19,330 levels in one session.

Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said.

Sensex tanked 825.74 points, or 1.26%, to settle at 64,571.88, while the Nifty plunged 260.90 points, or 1.34%, to 19,281.75. Tensions over regional conflict in the Middle East, worries over more rate hikes by the US Federal Reserve for an extended period and mixed corporate earnings so far spooked markets. “We expect the market to remain volatile amid rise in global uncertainties while the stock specific action is likely to continue in the market amid a busy results season.

In a historical first, PetroChina – a Chinese-state-owned oil and gas company – has officially completed its first international crude oil trade using the digital yuan (e-CNY).

Lynas Rare Earths has won a reprieve from Malaysia to operate its flagship refinery which produces key ingredients for wind turbines, electronics, and military applications.

Taliban government concede its demands for action against Tehrik-e-Taliban Pakistan (TTP) and Baloch separatists, the Pakistan government has decided to target Afghan refugees on its soil as a leverage to pressurise the Taliban regime. Pakistan realises that without improvement in its internal security situation, the country will not be able to come out of the economic morass in which it finds itself. In fact, Chinese President Xi Jinping categorically told Anwaar-ul-Haq Kakar, the caretaker prime minister of Pakistan, in Beijing on October 19, the need for ensuring safety and security of Chinese institutions and personnel for further enhancement of projects under the China Pakistan Economic Corridor.

Global bond markets rebounded, with the US 10-year yield sliding to 4.8%, amid growing speculation that the recent selloff was excessive. Nasdaq 100 index futures rose ahead of earnings from Microsoft Corp. and Alphabet Inc.

₹1,500 crore in 2022-23, is looking to cut its reliance on Chinese raw material, even as it expands to Latin American markets. In an interview, Bhavesh Shah, managing director of the Gujarat-based firm, shared his views on how erratic rains dampened kharif sales as well as the concerns arising out of the improper use of pesticides by farmers. Edited excerpts: Kharif was not good due to (erratic) rainfall.

By Kirsty Needham

NEW DELHI : India is moving away from its 2016 model bilateral investment treaty (BIT) approach in talks with the UK as the two countries look to cut the timeframe for settling investor-state disputes in a new treaty to be signed alongside a free trade pact next month, a person privy to the matter said. The tweak in stance is for “strategically important countries" with which India is seeking closer economic integration after exiting the Regional Comprehensive Economic Partnership (RCEP), a China-led mega trade deal among 15 Asian nations that came into force last year. “Most of the issues in BIT have been settled.

NEW DELHI : India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. The trades are routed through global financial centres like Singapore and Dubai. Russia’s trade with China hit a record after its invasion of Ukraine, and the Western sanctions that followed redirected much of its energy exports to Asia.

BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties.

For decades, Apple has navigated an escalating series of challenges in China, from fake stores and factory protests to tightening censorship and app rules. Now, the iPhone maker risks getting dragged into the most volatile issue in U.S.-China relations: the future of Taiwan. On Sunday, Taiwanese contract manufacturer Foxconn Technology—one of Apple’s largest suppliers—said it is cooperating with Chinese authorities after state media reported China had opened tax and land-use probes into the company.

What went wrong? Chinese funds were seeing a sharp recovery between November 2022 and January 2023 as mentioned earlier. The recovery was triggered as China eventually started to ease covid-related restrictions in November. But, since then, the performance of Chinese funds has been weak.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

China’s Foreign Minister Wang Yi will visit Washington on Thursday for high-level talks, the US state department has announced, as the two countries try to “responsibly manage” their fraught relations.