China Financial News

Chip stocks like NVIDIA (NASDAQ:NVDA), AMD (NASDAQ:AMD), and Intel (NASDAQ:INTC) fell in early trading Tuesday after new rules from the Biden administration will make it harder for China to buy AI and other advanced U.S. chips.

Congress MP Rahul Gandhi has moved the Bombay High Court seeking to quash a defamation complaint filed against him over his remarks allegedly linking the Rashtriya Swayamsevak Sangh (RSS) with the 2017 murder of journalist Gauri Lankesh. The case against him can not be clubbed with that filed against Communist Party of India (Marxist) leader Sitaram Yechury as they made the statements in question on different occasions and belong to two different parties with distinct or even opposite ideologies, Gandhi's petition said.

In Switzerland, for instance, a stablecoin tied to the Swiss franc provides investors with a reassuring sense of stability, as its value closely mirrors that of the national currency.

Attitudes toward crypto in Hong Kong have taken a hit, as a new survey reveals a growing aversion to virtual assets in the aftermath of the JPEX scandal. 

smartphone market has at long last bottomed out and will recover this year, thanks to strong demand in India and other parts of Southeast Asia, according to mobile industry bellwether Murata Manufacturing Co. Low-priced smartphones are driving sales and the overall market will likely grow by a single-digit percentage on a unit basis both this fiscal year through March and the next, President Norio Nakajima said in an interview Tuesday. Kyoto-based Murata, the world’s biggest maker of multilayer ceramic capacitors, supplies an array of smartphone components used by Apple Inc., Samsung Electronics Co. and Chinese manufacturers, and is seen as a leading indicator of gadget sales. Nakajima’s optimism follows reports of continued lackluster demand in China, the world’s largest smartphone market, that have dented expectations.

Inflation, the Fed, interest rates, Russia/Ukraine war, Israeli/Hamas/Hezbollah war, Iran, China, North Korea, housing, earnings, oil, politics, bank instability, unemployment, US Dollar, etc.

Global fund managers are turning bearish again and increasing allocations to cash in preparation for weaker economic growth over the next 12 months, according to a survey conducted by Bank of America.

BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing's efforts to reduce debt risks in a faltering economy.

By Girish Linganna

Israel-Hamas war LIVE updates: Heavy Israeli airstrikes pound Southern Gaza Apart from the ongoing Israel-Hamas war, inflation, interest rates trajectory and quarterly earnings remain important triggers for the market. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) While the persisting risks of global economic slowdown, higher interest rates and sticky inflation keep the markets worried, fresh geopolitical concerns have added to the worries.

India’s appeal as alternative to China rises: Citi’s Khullar The enthusiasm of Indian business leaders, coupled with the 'China plus one' strategy, makes India an attractive market for global investors, he said. Citi sees it as one of the best opportunities for both Indian and international clients, it reported.

export-control regime. American sanctions’ global pretensions depend on the co-operation of allies. In principle, democratic governments in Asia and Europe are similarly wary of China, and devising their own export controls.

Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $228 million in the week ended Oct. 13, compared with losses of $3.1 billion in the previous week, according to data compiled by Bloomberg.

More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.

India should bid to host the 2036 Olympic Games. It would boost urban and sports infrastructure and enhance India’s collective interest in athletic excellence, besides giving a boost to economic activity and tourism in particular. The key to making the Olympics a financial and economic success is detailed planning on where to hold the games, how to integrate the residences, offices and sports facilities built for the event into India’s infrastructure, and how to finance the games without adding much to the government’s spending.

Write to Brian Spegele at [email protected] and James T. Areddy at [email protected]"Exciting news! Mint is now on WhatsApp Channels

Filipino officials say Canada will help the Philippines detect illegal fishing with its satellite surveillance system under a new agreement

Commercial operations have begun at Cambodia’s newest and biggest airport, designed to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap

Japan has criticized Russia’s announcement that it’s joining China in banning the imports of Japanese seafood in response to the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant

China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns

Russian President Vladimir Putin has arrived in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine as well as Russian backing for China’s bid to expand its economic and diplomatic influence abroad through its decad...