China Financial News

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Teradyne, XPO Logistics, Tractor Supply, and Brinker International, and a downgrade for Nike.

NEW DELHI : A top government panel has recommended that Bharat Biotech Ltd conduct phase-3 trials of its Japanese encephalitis vaccine for people aged 65 and above, as the disease emerges as a key concern in India. The Hyderabad-based company had asked the Drugs Controller General of India (DCGI) for permission to conduct phase-3 trials in children up to a year old, as was done in phase 1 and 2 trials. However, the expert panel of DCGI said the company may conduct it for older individuals as well, minutes of its meeting showed.

Asian Games 2023: Avinash Sable successfully became the first Indian man to win gold medal for the country in the 3000m steeplechase event at the Asian Games 2023 in Hangzhou, China. Avinash Sable broke the previous Asian Games record as he completed the race in 8:19.50 seconds. Iran's Hossein Keyhani held the previous record of 8:22.79 seconds which he completed in Asian Games 2018.

Syrah Resources, the ASX-listed graphite producer, is set for a moment in the sun with demand for the key battery material expected to send spot prices up by more than 50 per cent, according to brokers at UBS.

Avinash Sable on Sunday became the first Indian man to win a gold medal in 3000m steeplechase at the Asian Games. The 29-year-old national record holder thus earned India its first gold medal in athletics at the ongoing Games, completing the race in 8:19.50 seconds. Sable rewrote the previous Asian Games record of 8:22.79 held in the name of Iran's Hossein Keyhani set at the 2018 Jakarta Games.

SHANGHAI (Reuters) — U.S. automaker Tesla (NASDAQ:TSLA) on Sunday released an updated version of its Model Y in China, with minor changes to the vehicle's exterior and interior.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Nio denies reports of fundraising effort; and Tesla finds itself subject to EU probe.

Asian Games 2023: India defeat Pakistan 10-2 in men's hockey Muhammad Khan (38th) and Abdul Rana (45th) were the only scorers from Pakistan which somehow saved the team from drawing a blank against the mighty Indians. This is Pakistan's biggest defeat against India in 180 matches played by both nations.

(Exciting news! Mint is now on WhatsApp Channel. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Muizzu, 45, helms a party that presided over an influx of Chinese loans when it last held power in the atoll nation, better known for its luxury beach resorts and celebrity tourists. He won 54.06 percent of the vote in the run-off contest, prompting incumbent Ibrahim Mohamed Solih to concede defeat shortly before midnight.

Fountain, a provider of hiring automation software for frontline workforces, considers India as one of the «big hubs» in this space, a top company official said. The company is present in the US, Western Europe — UK, France, Germany as well as in South Africa, India, New Zealand and a few other countries. «The big hubs are India, UK and France,» Founder and CEO of the company Sean Behr told PTI.

Afghanistan in the Russian city of Kazan that saw participation from India and representatives of the Taliban called for an inclusive government in Kabul, ensuring rights of women and preventing the Afghan territory from being used for spreading terror. India was represented at Friday’s meeting by its Moscow-based envoy Pawan Kapoor. ET was the first to report that India will participate in the Moscow format meet in Kazan on September 29. The fifth meeting of the Moscow format on Afghanistan also witnessed the participation of special representatives and senior officials from Russia, China, Pakistan, Iran, Kazakhstan, Kyrgyzstan, Turkmenistan and Uzbekistan. Representatives of Qatar, the UAE, Saudi Arabia and Turkiye also attended the meeting as invited parties.

credit ratio amidst a global slowdown, CareEdge Rating has said. The ratings company upgraded 217 companies and downgraded 130 companies in six months ended September. The credit ratio — that is, the ratio of upgrade to downgrade — decreased sequentially to 1.67 in the first half of FY24 from 2.72 in the second half of FY23. The credit ratio, though, is slightly higher than its 10-year average of 1.54 and is expected to remain range bound, CareEdge said.

Mohamed Muiz won the Maldives presidential runoff on Saturday, securing more than 53 per cent of the vote, local media reported. The election has turned into a virtual referendum on which regional power — India or China — will have the biggest influence in the Indian Ocean archipelago nation. Mihaaru News reported that incumbent President Ibrahim Mohamed Solih had received 46% of the vote and that Muiz had won by more than 18,000 votes.

So, what is the trend I am all set to set according to My Lucky Birthday Book? Being not first in line, but last, when it comes to buying technological products and services. Take the iPhone 15. Experts expect a jump in sales for the latest line this year from last year's iPhone 14 range, especially with models now being assembled/made (choose your verb depending on whether you're a Raghuram Rajaane jaan or not) in India.

BEIJING (Reuters) — China's lottery ticket sales in August soared to their highest for any month so far this year, amid public concern about the economy following months of mostly gloomy data including youth unemployment.

BEIJING (Reuters) — The United States is the true «empire of lies», the Chinese foreign ministry said on Saturday, lashing out at a U.S. State Department report that accused Beijing of ploughing billions of dollars annually into information manipulation efforts.

Sela Tunnel, which will enable «all-weather» connectivity to Tawang in Arunachal Pradesh, is complete and it is likely to be inaugurated by the year-end, BRO officials said on Saturday. Final touches are being provided to the tunnel, along with installation of safety measures inside it, they added. The Sela Tunnel has been excavated below the 4,200-metre (13,800 ft) Sela Pass, which is often closed due to snowfall and landslides.

China plans to make it easier for foreign tourists to book tickets, register at hotels and use their overseas bank cards in an effort to boost stubbornly low visitation figures. The State Council released the list of measures, though stopped short of outlining specific strategies to hit its targets, in a statement on Friday that underscored tourism’s important role in spurring economic growth. The release coincides with the first day of of the eight-day National Day and Golden Week holiday period, which is typically a boon for travel and consumption. China’s three-year pursuit of Covid Zero essentially sealed the country off from the world and, despite its reopening earlier this year, few foreign tourists are visiting. A top concern for many is safety, but visa hassles, lack of flights and idiosyncratic payment systems also make the idea of a holiday in China daunting for many potential visitors. Payments and the use of digital platforms that are unique to the country represent a practical hurdle for many tourists. It’s often difficult to use cash, though China’s central bank has repeatedly said that rejecting it is illegal. And most vendors — from street stalls to large department stores — only accept local payment systems such as WeChat Pay and Alipay.

By Philip Pullella

Bopanna stayed solid with his big serves as India came back from a set down to win the tennis mixed doubles gold at the Asian Games, here Saturday. The second-seeded Indian team rallied to win the title clash 2-6 6-3 10-4 against Chinese Taipei's combo of Tsung-hao Huang and En-shuo Liang.

PTI, in his address during an event held here, he also said "Chinese belligerence is evident in its continuing propensity to project power outside its region", in turn presenting a "threat to the rules-based international order". General Pande's speech highlighted the recent hosting of the Indo-Pacific Army Chiefs Conclave by the Indian Army, with participation from leaders or delegations of 30 countries bordering the Indo-Pacific region.