China Financial News

BEIJING (Reuters) — The China-U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said.

supply chains on China. The Niti Aayog has been tasked with drawing up the strategy, which will focus on bridging the country's trade deficit with its neighbour over time and suggest measures to secure supply chains from risks stemming from geopolitical developments. Near-shoring, friend-shoring and localisation have gained traction globally post-Covid, with many countries looking to de-risk supply chains and reduce sourcing ties with China. The Aayog will firm up its action plan recommending policy interventions needed in the form of tariff and non-tariff barriers as well as changes to the regulatory framework, said a senior government official with knowledge of the matter. Focused Intervention As part of the exercise, the Niti Aayog will rope in a consultancy firm to review India-China trade, with its report expected in six months.

Also Read: US chip curbs give Huawei a chance to fill the Nvidia void in China Nvidia shares closed up 3.84%, and Intel shares ended down 3.06% after the Reuters report on Nvidia's plans. Arm's shares were up 4.89% at close. Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment.

By Yuka Obayashi

Foreign control in the Canadian economy has been steadily declining over the last decade, government data shows.

By Nick Carey and Paul Lienert

(Reuters) — Cadence Design (NASDAQ:CDNS) Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip design software provider.

steel ministry's nod mandatory for imports which have not been cleared by the Bureau of Indian Standards (BIS), a move aimed at a crackdown on substandard goods. The decision comes after the BIS issued a quality control order for a variety of steel products and importers were mandated by the Centre to seek prior quality approval of import consignments which were meant for sale locally. Domestic steel importers said this may reduce imports of steel products which had surged in recent months. India's iron and steel imports stood at 7.68 million tonnes (mt) between April and August, up 59.45% from 4.82 mt a year ago. Under the existing policy, BIS certification is issued to eligible overseas steel mills.

Rajnath Singh arrived on a two-day visit to Assam and Arunachal Pradesh on Monday. During his visit, he will interact with the security personnel deployed in the Tawang sector in Arunachal Pradesh on Dussehra. Taking to 'X', (formerly Twitter), Singh wrote, «Today, 23rd October, I shall be reaching Tezpur on a 2 day visit to Assam & Arunachal Pradesh. During my visit, I will interact with Armed Forces personnel deployed in the region and also visit forward areas». «Looking forward to celebrating Dussehra with the soldiers in Tawang», he added. Singh had visited the Tawang sector early this year as well. On December 9 last year, the Chinese troops transgressed the Line of Actual Control (LAC) in Tawang sector.

PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China's central bank digital currency (CBDC), the Digital Yuan. The transaction was reported by China Daily, a media outlet owned by the Chinese Communist Party. 

The shift is on. Battery electric vehicles accounted for 8 per cent of all new car sales in September, and total sales for the year to date have surged threefold on 2022.

₹300 crore then) in TBO Tek. “Multi-bagger exits in private equity are rare. When that happens it can be due to investors taking a contrarian bet, a company’s disruptive product offerings, exceptional management execution or due to strong market tailwinds.

NEW DELHI : India-backed Global Biofuels Alliance (GBA) is looking for more countries to join it from South-east Asia and Africa after the Philippines and Tanzania became the latest entrants. The move is strategically significant as it is expected to give India an upper hand over China which has interests in both South East Asian and Africa and has been opposed to joining the alliance. The alliance launched on 9 September on the sidelines of the G20 Leadership Summit was initially conceptualized with a view to getting all G20 members on board.

fentanyl-related deaths from 3% in January that year to 11% in June 2022. Last month the White House announced a plan to stop its spread. How worrying is tranq dope? Tranq dope combines fentanyl, a synthetic opioid drug, with xylazine or “tranq", a strong non-opioid tranquiliser used to sedate horses, deer and other large animals.

Bitmain, the leading manufacturer of Bitcoin (BTC) mining machines, has announced plans to launch miners designed for Aleo, a privacy-focused blockchain platform that utilizes zero-knowledge proofs (ZKP).

Investing.com — U.S. futures fell Monday, pressured by rising bond yields ahead of quarterly earnings from a number of tech giants this week.

(Reuters) — China is set to approve slightly more than 1 trillion yuan ($137 billion) in additional sovereign debt issuance on Tuesday as Beijing steps up its efforts to spur infrastructure spending and encourage economic growth, three sources told Reuters.

Chevron Corp, the U.S.-based petroleum refining giant, has unveiled a colossal $53 billion all-stock deal to acquire its smaller rival, Hess Corp. The acquisition, announced on October 23, 2023, not only signals a strategic shift but also takes Chevron's rivalry with Exxon Mobil to the next level.

(Reuters) -Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil (NYSE:XOM) bid $60 billion for Pioneer Natural Resources (NYSE:PXD) earlier this month.

Elections are shining a spotlight on struggling emerging markets, with the prospect of fresh leadership unlocking opportunities in the asset class.

Arun Misra, CEO, Hindustan Zinc, says the annual general meeting is over and there is no chance of taking that decision which was taken in the board to make it effective. So if at all it has to happen, it has to come as a fresh proposal and a fresh decision. Right now, there is no such proposal for consideration of the board. Sequentially, Hindustan Zinc revenues have seen a dip and this is primarily due to the fall in the zinc prices. How has the demand been in the zinc market both domestically as well as globally? At the end of Q1, you said you had expected the zinc prices to rise by the end of the year. Given the volatility in prices, do you still believe zinc prices are poised to go higher? Let us start with global first.