China Financial News

Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite.

Lava International mobile company and a Chinese national, to three-day Enforcement Directorate custody in a money-laundering case against Chinese smartphone-maker Vivo. Additional Sessions Judge Devender Kumar Jangala passed the order on an application moved by the ED, who arrested the four earlier in the day.

'Easing prematurely would squander the gains achieved in the past 18 months,' the IMF said.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Corning, Qorvo, Skyworks Solutions, and Juniper Networks.

By Harry Robertson and Tom Westbrook

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

Competition Commission of India (CCI) will soon come out with regulations around the proposed leniency-plus regime, which will encourage companies under investigation for cartelisation to report other cartels and get their own penalties reduced, chairperson Ravneet Kaur said on Tuesday. The leniency-plus regime was proposed in the Competition (Amendment) Act 2023. It is aimed at creating a structure that will incentivise companies under scrutiny for spilling secrets of other cartels. The regulator will soon seek stakeholder comments for the regulations and finalise them, Kaur said in her first press conference after taking over as the head of the CCI in May. Kaur said competition authorities of the BRICS grouping will meet this week to deliberate on existing and emerging anti-trust issues, with India hosting the conference after a gap of 10 years.

India recently became the world’s second-biggest e... moreIndia recently became the world’s second-biggest exporter of smartphones after China.

NewsClick founder Prabir Purkayastha, and Human Resource department head Amit Chakravarty were produced in court on Tuesday by Delhi Police. During the hearing Prabir Purkayasta's counsel asked the judge if reporting critically of (India’s) Covid policy, farmers protest be termed ‘terrorism’.

Investing.com -- The International Monetary Fund has maintained its global growth forecast for 2023, but slashed its projection for next year, predicting a «slow and uneven» recovery for the world economy from the COVID-19 pandemic and the outbreak of the war in Ukraine.

Chinese property developer Country Garden has warned it cannot meet deadlines to repay its loans as the company struggles to restructure its debts

World shares are higher after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer

Investing.com -- U.S. stock futures inched higher, with investors closely monitoring policy commentary from Federal Reserve officials and ongoing developments in the conflict in the Middle East. Traders hunt for safety in U.S. Treasuries as bond markets return from the Columbus Day holiday, while Country Garden shares slump after the cash-strapped Chinese developer misses an international debt payment.

China is touting its 10-year-old Belt and Road Initiative as an alternative model for economic growth as it seeks to win friends and strengthen its leadership of the developing world

The outbreak of conflict in the Middle East is adding to a long list of concerns that has investors dumping developing-nation assets for the safety of the dollar. 

The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress.

European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict. 

₹10 lakhs. According to the ED a whopping ₹62,476 crore was "illegally" transferred by Vivo to China in order to avoid payment of taxes in India.

The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused artificial intelligence (AI) system. 

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Radhika Gupta, MD & CEO, Edelweiss AMC, says “I do not think the portfolio for a future India can only be a largecap centric portfolio which is what they used to be. The portfolio is going to be a lot more balanced. It cannot be a fully mid and smallcap portfolio, perhaps. But it probably will be an equal weight portfolio of large, mid and small caps. The Indian opportunity is truly multi-sectoral and multi-cap in nature.” You have come out with a very interesting note and research. What are those factors which are coming together to make this decade a potentially good decade for corporate India, for macros and which will be getting reflected in markets as well? Finally markets are an outcome of corporate profitability and of what the economy is going to deliver and as people, we spend a lot of time talking about short-term markets but really what we are investing in when we are investing in funds is investing in India and India's decade.