China Financial News

Reuters reported. Vietnam's President Vo Van Thuong invited Putin to “soon" visit the country and “Putin happily accepted the invitation," Vietnam News Agency, the state's official newswire, reported late on Tuesday. Also Read: BRI Summit: Putin advocates Russia's northern sea route; hails 'dear Friend' Xi Jinping Like China and Kyrgyzstan, Vietnam is not a member of the ICC.

«Actually, I do think that while obviously smallcaps tend to be volatile on a two-three-year basis, that is where the big return will be made,» says Manish Gunwani, Head-Equities, Bandhan AMC. So, where do we start with — your great call on Tata Group, hotel stocks and hospital stocks, or we should simply talk about the big picture first? No, so I think the new themes we are more positive on which are basically things related to power capex or revival in rural consumption, pharma, so these are the new set. The ones you said are a bit old right now.

President-elect of the Maldives, Mohamed Muizzu, has said that he is determined to fulfill his promise of removing Indian military personnel from the archipelago. However, he plans to do so through diplomatic channels. As per a TOI report, Muizzu, who will assume the presidency next month, expressed his hope of seeing the Indian troops leave during the first week of his term.

ABB matched forecasts with its third-quarter operating profit on Wednesday and dampened expectations for the fourth quarter while reporting continued decline in orders from China. The maker of industrial drives and motors posted a 13% increase in its operational earnings before interest, tax and amortisation (EBITA) to $1.4 billion during the three months to Sept. 30, in line with a company-gathered consensus of forecasts. Revenues at the company, which competes with Germany's Siemens and France's Schneider Electric rose 8% on a comparable basis to $8 billion, slightly below analysts' forecast for $8.1 billion. ABB reported net income of $882 million, below the $919 million consensus forecast. ABB, a big supplier to industry, is seen as a bellwether for the broader global economy, with its products being used in ships, ports, factories and transport systems. The group said its order intake fell 2% during the quarter with double-digit growth in the United States, its biggest market, partially helping to offset a decline in China, ABB's second-largest market. «Orders in China declined at a low single-digit comparable growth rate particularly hampered by weakness in robotics and construction demand,» Chief Executive Bjorn Rosengren said in a statement. ABB said it anticipated low- to mid-single digit comparable revenue growth in the fourth quarter.

The U.S. Department of Defense on Tuesday released declassified photos and videos showing what it called a series of “coercive and risky” intercepts of American military aircraft by Chinese jets over the past two years, which officials say have spiked dramatically.

By Tom Westbrook

UN Security Council scheduled a Wednesday vote on a resolution that initially condemned «the heinous terrorist attacks by Hamas» on Israel as well as all violence against civilians, while calling for «humanitarian pauses» to deliver desperately needed aid to millions in Gaza. Negotiations on wording of the draft resolution sponsored by Brazil continued throughout Tuesday, and the final version to be voted on had not been released by late Tuesday. The vote follows the council's rejection Monday evening of a Russian-drafted resolution that condemned violence and terrorism against civilians and called for a «humanitarian cease-fire» but made no mention of Hamas.

Also Read: Nepal engulfed in China's debt trap over Pokhara airport deal: Report Putin, a participant in previous Belt and Road Initiative (BRI) summits, led a prominent delegation from Moscow to the event. He emphasized the potential for enhancing trade between the East and West.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Analysts expect the rupee to stay in a narrow range as traders may take cues from retail sales and industrial production data from the US. Data on the US crude weekly inventory, China's GDP, industrial production, UK and European region inflation are also awaited.

Investing.com-- Most Asian stocks moved in a tight range on Wednesday as growing concerns over a spillover in the Israel-Hamas war dented risk appetite, largely offsetting positive data that showed China’s economy grew more than expected. 

Investing.com-- Shares of Chinese electric vehicle maker BYD surged on Wednesday after it said it expects its third-quarter net profit to potentially double on robust vehicle sales and improved margins.

(Reuters) — China's economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed on Wednesday, suggesting the recent recovery may carry enough steam to reach Beijing's full-year growth target.

Investing.com-- Most Asian currencies firmed slightly on Wednesday tracking a stronger-than-expected reading on Chinese economic growth, although fears of an escalation in the Israel-Hamas war limited any major gains.

Fiji's prime minister says his government is “more comfortable dealing with traditional friends” such as Australia as China pursues closer security ties in the Asia-Pacific region

Chinese President Xi Jinping is promising greater access to China’s market for international firms and new financing exceeding $100 billion for other developing economies

Ukraine war and an escalating conflict in the Middle East. Xi is hosting Putin along with dozens of global leaders at the Belt and Road Initiative (BRI) Summit to celebrate 10 years since the Chinese President launched the infrastructure project aimed at strengthening alliances with Asian, African, and Latin American nations. During the meeting, the two leaders are expected to focus on their remarks about the Israel-Hamas war as US President Joe Biden is visiting Israel today.

Chinese developers who have defaulted, would deepen the crisis roiling the property sector, which makes up about a quarter of the world's second-largest economy. Country Garden will be deemed in default on its overseas debt if it does not make a $15 million payment for a September 2025 bond by midnight in New York (0400 GMT). The repayments had not been made by early Wednesday, Reuters reported.

China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector

By Scott Murdoch

«Overall, given the resilient domestic economy and strong earnings outlook, the positive trend remains intact. Lot of stock-specific action is likely to be seen as we progress into the results season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 17.5 points, or 0.09 per cent, at 19794, signaling that Dalal Street was headed for negative start on Wednesday.

By Wayne Cole