China Financial News

On Wednesday, Bitcoin faced a modest decline of nearly 0.50%, with its trading price settling at $27,412. However, this slight dip belies the cryptocurrency's resilient performance over the past week, witnessing an impressive surge of nearly 4%. 

oil trading at $100-a-barrel next year? Because a triple-digit price tag wouldn’t just mean elevated energy prices — it would also turbocharge the dollar. The combination of expensive barrels and a rampaging greenback could make crude a wrecking ball in 2024 that keeps inflation high enough to destroy growth around the world. The more oil soars, the pricier the dollar is likely to be, creating a pernicious feedback loop.

Westpac will maintain a presence in the South Pacific after the federal government indicated it wants to see Australian companies playing a role in the region.

Singapore’s Temasek has hired investment bank Goldman Sachs to find a buyer for its 40 per cent of gas and electricity distribution giant Jemena.

Sanjiv Bhasin, Director, IIFL Securities, says PB Fintech will be my stock for this Diwali to next Diwali. Paisa Bazaar, the Policy Bazaar, are raring to go. They will scramble extremely well along with Paytm. We cannot look at these stocks from their lows. We have to look from the highs because they have stabilized their businesses, particularly Paytm, you cannot do without it. The QR business which they are talking of, we are doing five times more digital transactions than China. Where have the railway, defence and shipbuilder stocks moved? From the recent 52-week high, have they started reversing? Now, one is absolute change and second is a move from the recent high. From Rs 190 plus, RVNL has become Rs 170 in one month but they are still in the green. For Cochin Shipyard, even for smaller PSU banks, the skim from the top is evident. Is the best of the gains over? If you own them, do not sell them, but don’t buy them now. Well, take it with a little bit of caution and try to do a SIP rather than go wholeheartedly because they have run up far in excess of what actually should be the case.

Asian Games here on Wednesday. Ram Baboo came in fourth, while Manju finished sixth to win the third prize.

Sensex declined 316 points to end at 65,512, while the Nifty 50 fell 110 points to 19,529 on Tuesday. “Given the global concerns of more US rate hikes along with 16-year high US 10-year bond yield and 7-month high Dollar Index, the sentiments remain dented and thus is resulting in profit booking. In the near term, we expect this weakness to persist with stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl.

By David Lawder and Kanishka Singh

MUMBAI : Consumer-focused private equity fund L Catterton, backed by French Luxury brand LVMH, is looking to accelerate investments in India over the next 12-24 months, a top company official said. The PE firm, which raised a $1.4 billion Asia fund in 2019 to deploy in China, Japan and India, is scouting for opportunities across consumer sub-segments, Anjana Sasidharan, partner and head of India at L Catterton said in an interview. Founded in 1989, L Catterton manages around $33 billion of equity capital across private equity, credit and real estate.

Russian oil by a quarter in September over the previous month, helping boost India’s imports from Russia by nearly a tenth and providing further evidence that the G7 price cap wasn’t proving much of a hindrance in oil imports. Russia supplied 1.57 million barrels per day (mbd) in September, up from 1.44 mbd in August, and increased its share in Indian crude imports to 38% from 33% a month earlier, according to energy cargo tracker Vortexa. This is, however, lower than the 1.9 mbd that Russia supplied in July, which gave it a 42% share in Indian imports.

NewsClick, Maharashtra Deputy Chief Minister Devendra Fadnavis said the portal was working at the behest of China to create ‘anarchy’ and ‘derail’ India’s progress. “There are powers which want anarchy in the country. I don’t need to say who these powers are.

Delhi Police personnel conducting raids and confiscating laptops and mobile phones of journalists associated with a news portal, relax. Instead of worrying about First World things like 'media freedom' when pertaining to suspected links of media organisations with 'Chinese sources', thank the good lord that we are not in China itself.

A recent report from Chainalysis suggests that Hong Kong could play a significant role in reviving crypto activity in the East Asian region, which has faced challenges due to a China-wide ban on crypto trading activities since 2019.

NewsClick in connection with its probe into a case filed under the anti-terror law UAPA following allegations that it received money for pro-China propaganda. The news media house has been under investigation for allegedly receiving funds from China.

₹3 lakh crore, with this year alone accounting for a spending of ₹41,180 crore, Chaudhari said The IAF chief said the situation along the Line of Actual Control (LAC) with China was the same as last year and hence the Air Force will remain deployed along the disputed frontier till complete disengagement took place.

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Currently China’s quota is less than Japan’s, despite its larger share of global gross domestic product.

FTSE 100 dividend payments for 2023 are now forecast to come in significantly below expectations.

Georg Schubiger (left) and Christel Rendu de Lint (right) will take on their role as co-CEOs on 1 January 2024.

Federal Reserve Bank of Cleveland President Loretta Mester said the central bank will likely need to raise rates once more this year and then hold them at higher levels for some time to get inflation back to its 2% target.