China Financial News

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) In a bid to stabilise relations with China, the Biden administration decided to give heads up about the rules to China.

Chinese property giant Evergrande resumed trading on the Hong Kong Stock Exchange on Tuesday, according to a statement on the bourse's website. «Trading in the shares of China Evergrande Group will be resumed at 9:00 am today,» the statement said.

UK companies a 4 billion pound ( USD 4.9 bn) contract to design and manufacture a nuclear-powered attack submarine as part of the country's AUKUS programme with Australia and the United States, Al Jazeera reported. The first of the submarines will be delivered into service in the UK in the late 2030s and the first Australian ones will follow in the early 2040s. The SSN-AUKUS program aims to enhance the capabilities of the UK, Australia, and the US to counter regional security challenges, particularly from China in the Asia-Pacific region, Al Jazeera reported. UK's Defence Ministry in a statement on Sunday said that the contract with BAE Systems, Rolls-Royce and Babcock «represents a significant milestone for both the UK and the trilateral AUKUS programme as a whole». It said that the new submarines, known as SSN-AUKUS, «will be the largest, most advanced and most powerful attack submarines ever operated» by the Royal Navy and will «combine world-leading sensors, design and weaponry in one vessel». The plans for SSN-AUKUS were unveiled in March by the leaders of Australia, the UK and the US and came as the three countries ramped up their efforts to counter China in the Asia Pacific region. The nuclear-powered vessels — which have far greater stealth and range and mark the first time Washington has shared nuclear-propulsion technology with a country other than the UK — represent a significant upgrade to Australia's current diesel-powered fleet, as per Al Jazeera. Previously, Australian Defence Minister Richard Marles described the AUKUS deal as «the biggest step forward in our military capability that we've had since the end of World War II». Through the AUKUS, Washington intends to sell Canberra up to five of its

Pushpa Kamal Dahal ‘Prachanda’ said in Parliament on Sunday that during his recent meetings with Chinese leaders discussions were held on construction of a transmission line in the northern border region, installation of solar power plants along the border, construction of various roads and expansion of cooperation in the health and agriculture sectors. However, a number of Chinese projects in Nepal exist only on paper, in stark contrast to projects funded by India in the Himalayan country, where India’s grant assistance to Nepal totals around $63 billion, ET has learnt. Prachanda visited China late last month and reportedly got assurance of funding for 12 projects, even as there has been little progress on projects under China’s Belt and Road Initiative (BRI) projects in Nepal, according to people with knowledge of the matter. Nepal signed the BRI agreement with China in 2017. However, the country has yet to reap the benefits of the agreement, even as some Nepalese leaders sought Chinese funds to reduce dependence on India. China has raised the issue of delayed BRI projects with Nepalese leaders, but there is no clarity as to why the projects have been delayed, according to Nepal watchers.

As BHP’s auction for Daunia and Blackwater gets to the pointy end, owners of other coal assets in the M&A pipeline are starting to get their ducks in a row.

Ruturaj Gaikwad on Monday said he will lean on his own leadership style as he prepares to lead the Indian men's team in its maiden Asian Games cricket campaign. India will be favourites for another gold medal here after the women's team had clinched the ultimate prize a few days ago. Gaikwad and Co.

Despite United States Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres calling on the Securities and Exchange Commission (SEC) to immediately approve the listing of spot Bitcoin (BTC) exchange-traded funds (ETFs), the agency once again delayed its decision. 

Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China. Deliveries of the updated and higher-priced Model 3 compact sedan are expected to start in the fourth quarter, while a Cybertruck launch event is also planned later this year. The electric-vehicle maker, which will report quarterly results on Oct.

CNBC report. Other than falling trend of travelling in many countries, leisure travelling continues to be popular in countries like China, Mexico, Japan, and Brazil, reported CNBC citing Morning Consult’s “The State of Travel & Hospitality" study published in September. At the global level, the falling interest in travelling in most of the countries can be explained by the fading away of the phenomenon of ‘revenge travelling’.

NEW DELHI : Speaking in Washington, external affairs minister S. Jaishankar declared it’s difficult to put a limit on India’s relations with the US.

NEW DELHI : The European Union’s (EU’s) carbon tax—the Carbon Border Adjustment Mechanism (CBAM)—came into effect on 1 October, causing a wedge between developing and developed countries. Interestingly, it is facing resistance from even within Europe. Mint explains.

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The waiting room at Queensland-headquartered Cura Day Hospitals is thick with dealmakers from buyout firms and their comrades at core-plus infrastructure funds.

Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year.

Australian coal export sales will fall faster than expected because higher volumes over the next two years will not be enough to offset a 46 per cent collapse in shipment values, official forecasts show.

Parul Chaudhary and Priti secured silver and bronze medals respectively in the women's 3000m steeplechase but they were left chasing the shadow of Bahrain's Yavi Winfred Mutile, who set an Asian Games record on way to defending her title here on Monday. Parul clocked 9:27.63 seconds, which was more than nine seconds behind the Bahrain runner who took the top podium finish in 9:18.28, a new Games record.

Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell. The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter.

China Evergrande Group’s massive financial and legal challenges in Asia are casting a long, dark shadow over the Chateau Montebello, the iconic Quebec log cabin resort which the developer owns.Evergrande, a once fast-growing Chinese property company that became the country’s second-largest developer, acquired the 211-room Chateau Montebello hotel in 2014.The deal earned headlines because the Chateau Montebello is the largest log cabin ever built. It occupies a special place in the Canadian psyche and the nation’s history.

Pro-Beijing leader Mohamed Muizzu has won the Maldives presidential election, beating incumbent president Ibrahim Solih in the second-round of the contest. This shift may raise alarms in New Delhi, apprehensive of China's growing influence in the traditionally Indian-aligned Maldives. Mint delves into the implications.

Cointelegraph’s Hashing It Out podcast talks to Howie Jiang, Web3 chief solution architect at Tencent Cloud Europe, and Fakhul Miah from Elastos about how crypto can take advantage of cloud technology. The two firms recently announced a partnership to “accelerate the Web3 space.“

The Hong Kong and Macao police have nabbed four additional suspects in connection with the JPEX cryptocurrency platform scam.