China Financial News

Caroline Ellison, former Alameda Research CEO and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, stunned the jury today in Manhattan Federal Court when she revealed startling claims involving Alameda Research’s ties to international government officials.

NEW DELHI : The People’s Bank of China (PBoC) continues to own shares worth at least ₹25,000 crore across 20 major Indian companies, including Tata Consultancy Services (TCS) Ltd, Infosys Ltd, Hindustan Unilever Ltd and Vedanta Ltd, despite escalating geopolitical tensions between the two nations over the past three years, company filings showed. Infosys and ICICI Bank are PBoC’s biggest portfolio holdings in India. The Chinese central bank owns 0.8% of Infosys, worth ₹4,678 crore, and 0.7% of ICICI Bank, worth ₹4,583 crore at current prices.

In a characteristic rant on CNBC’s Squawk on the Street show on Tuesday, famous financial pundit Jim Cramer proclaimed that he can’t be invested in Bitcoin (BTC) “Mr Bitcoin is about to go down big”.

Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities.

Army chief Gen Manoj Pande on Wednesday felicitated Olympian Neeraj Chopra and several other sportspersons for their remarkable accomplishments at the Asian Games in China, and said the army will continue to support and nurture sporting talent. India bagged its highest-ever total of 107 medals at the Asian Games in Hangzhou. In his address at the felicitation ceremony held at Manekshaw Centre here, Gen Pande said the Indian Army also made a significant contribution of 20 medals — three Gold, seven Silver, and 10 Bronze — to the country's tally.

Automotive technology firm Pricol Ltd on Wednesday announced a partnership with China-based Heilongjiang Tianyouwei Electronics for Driver Information System (DIS), including e-cockpit, heads up display, for vehicle segments. The company said it has entered into a co-operation agreement for technology and supply of parts and systems with the overseas firm, which will support it exclusively on the projects identified for such collaboration.

India and China exchanged views in an open and constructive manner for an early and mutually acceptable resolution of the remaining issues along the Line of Actual Control in eastern Ladakh, the Ministry of External Affairs said on Wednesday, a day after the two sides concluded two days of military talks. It said the two sides agreed to maintain the momentum of dialogue and negotiations through the relevant military and diplomatic mechanisms.

advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can be used for artificial intelligence are coming soon. Reuters exclusively reported last week that U.S. officials had warned China to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Texas Instruments, Silk Road Medical, HubSpot, 89bio, and Arista Networks.

Iran on Tuesday claimed that it played no role in the attack launched by Hamas last Saturday that took Israelis by surprise but there is no denying the fact that Tehran over the years has increased its support and appeal across the Arab world that is dominated by people who profess Sunni sect of Islam. The world's biggest non-Sunni country has become a key factor in the West Asian fault lines creating its proxy groups in Lebanon and Yemen and backing Hamas to take on Israel over the last few decades. It is no secret that Tehran has exploited sentiments and presence of the Shia population in some Gulf states. While the USA and Israel have not yet directly blamed Iran for the October 7 carnage, Tehran came out openly in support of Hamas for carrying out the attacks against Israel.

agrochemicals sector is likely to witness 3 per cent decline in revenue in this financial year due to falling prices, tepid demand and lower reservoir levels, a Crisil report said on Wednesday. For the first time in a decade, agrochemical makers will see a 3 per cent drop in revenue in 2023-24 due to falling prices globally following a supply deluge from China, muted demand for exports (53 per cent of revenues) owing to destocking by global manufacturers and the impact of lower reservoir levels on rabi sowing, the report said.

The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board while European markets had a mixed day. While South Korea's bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.

₹98,374 in 2022-23. This is equivalent to around $1,183. The economy is on the path to hit the $5 trillion mark in 2027, aided by financial sector development and strong demographic advantage, Reserve Bank of India (RBI) Deputy Governor Michael D Patra said last month.

Hardeep Singh Puri has said. As the world transitions to renewable energy, the demand for critical minerals has risen, with debates raging around the control of supply chains. China has emerged as the dominant force with immense control over the global value chain, primarily due to the large processing capacity of minerals it has developed over the years. “I wouldn't worry too much about these things. You're often told…it can't be done because country X has already bought the next 20 years, 30 years of stock. It doesn't work like that,” Puri said at an industry event in response to a query on his thinking over supply chain dominance by some countries.

The London Stock Exchange remained dominant on the European market throughout both 2023 and Q3

Sean Taylor, incoming CIO of Matthews

LONDON (Reuters) — Global economic losses could reach $5 trillion under a «plausible increase» in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd's of London said on Wednesday.

Indian Ocean region to effectively address the development challenges as it warned them to be clear of the dangers of «hidden agendas» in unviable projects or unsustainable debt, in an apparent reference to China which is accused by the West of «debt trap» diplomacy. Speaking at the 23rd Council of Ministers Meeting of the Indian Ocean Rim Association (IORA) in Sri Lanka, External Affairs Minister S Jaishankar said that it is important to maintain the Indian Ocean as a free, open and inclusive space based on the UN Convention on the Law of the Seas (UNCLOS), as the Constitution of the Seas.

By Jorgelina do Rosario

League of Legends esports, is back in South Korea for the 2023 edition. After hosting the final stages of the 2014 competition and the entire 2018 event, South Korea welcomes the world's best teams once again, following the 2022 competition held in Mexico and the United States. With Worlds 2023 now underway, Team BDS secured their spot through the Qualifying Series, leaving an indelible mark with a decisive 3-0 victory over the Golden Guardians. This victory surprised many, considering the initial favoritism towards North America's representative. Here's everything you need to know about the 2023 World Championship: Worlds 2023: Streaming The tournament will be available for streaming on Riot Games' official Twitch channel. Additionally, viewers can choose from over 50 official co-streams, featuring notable personalities like Marc 'Caedrel' Lamont, Yiliang 'Doublelift' Peng, Ibai 'Ibai' Llanos, and Kamel 'Kameto' Kebir. Worlds 2023: Dates, Format, and Venues To accommodate LoL Esports pro players participating in the Asian Games in Hangzhou, China, Worlds 2023 will run from October 10 to November 19 at four different venues in South Korea. The tournament's schedule is as follows:

inflation print to come near 5.5 per cent in September against 7.44 per cent in July and 6.83 per cent in August. Moreover, reports emerged that China was planning to announce stimulus to help its economy. This also underpinned market sentiment.