China Financial News

Gold prices fell on Wednesday after hitting a two-week highs in the last session, as traders await the U.S. Federal Reserve's policy decision for an updated outlook on the economy and monetary tightening path. FUNDAMENTALS * Spot gold eased 0.1% to $1,928.79 per ounce by 0111 GMT, after hitting its highest since Sept.

China's economic slowdown has rippled through Asia. Tourists aren't flocking to Thai beaches or Singaporean malls in the numbers anticipated. Factories are struggling, and there are questions about whether Beijing can bankroll public works in the manner to which the neighborhood has become accustomed. One glaring omission from the list of spillovers: interest-rate cuts. Despite the country's heft, China's travails aren't translating into easing in its backyard.

Pakistan Prime Minister said that India reached the moon and successfully hosted the G20 Summit while Pakistan was begging other countries for money to stay afloat. Addressing the party meeting in Lahore virtually, prior to his return to Pakistan, Sharif said, «Today, Pakistan's Prime Minister is going from one country to another to beg for funds while India is setting foot on the moon and hosting world leaders at the G20 summit. Why couldn't Pakistan achieve similar feats? Who is responsible for our shambolic state?» The former PM added that the poor were struggling for food in Pakistan.

Indian stock market indices, Sensex and Nifty are expected to open lower on Wednesday tracking weakness in global peers. Asian markets traded lower, while the US stock market indices ended in the red overnight. Indian markets were shut for a holiday on Tuesday.

WASHINGTON (Reuters) — U.S. President Joe Biden will host a second summit with leaders of the Pacific Islands Forum at the White House on Monday, part of his efforts to step up engagement with a region where the U.S. is in a battle for influence with China.

In the world of trading, if you're good enough, your employer will do whatever it takes to keep you. Sometimes 'whatever it takes' is funding one of the most expensive hobbies someone in finance is likely to have, Formula 4 racing. This is the case with Vivian Siu of UBS, who has tackled two male dominated industries with mixed levels of success.

Pakistan is reportedly courting the United States to seek financial support to boost its sagging economic fortunes while sidestepping commitments made to China on the China Pakistan Economic Corridor (CPEC), the flagship initiative under China’s Belt and Road Initiative (BRI). The Pakistani leadership that came to power after Imran Khan was paying lip service to China on the CPEC while engaging the US for a bailout, said people aware of the matter. Work on the CPEC has been delayed by several months and the India-Middle East Europe Corridor is expected to rival the BRI, they said. The current caretaker government in Pakistan is reportedly seeking the help of the West for a bailout instead of approaching its all-weather ally China despite the latter’s attempts at various international fora to back Pakistan.

Oil surged to a 10-month high — extending a powerful rally that may rekindle inflation — as supply cuts from OPEC+ tightened the market and Saudi Arabia's energy minister shied away from any change in course. Global benchmark Brent topped $95 a barrel for the first time since November. The tighter market has ignited a flurry of predictions that $100 oil could return in a roster than runs from industry heavyweights such as Chevron Corp.

Investing.com — Sit and wait: That’s what the gold trading community seems to have decided ahead of Wednesday’s monetary policy update from the Federal Reserve and other central bank rate decisions due this week.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since Monday: initiation at Underperform at Arm Holdings, and downgrades for Starbucks, Lazard, PayPal, Dropbox, and Arm Holdings.

NEW DELHI : The diplomatic row over the killing of a Sikh leader in British Columbia will not affect the flow of Canadian investments into India, a senior finance ministry official said on Tuesday. “Firstly, Western nations have invested in markets they have found promising irrespective of political or diplomatic differences. One example is China.

G7 countries putting constant pressure on the Indian diamond trade on the origin of rough diamonds that the country cuts and polishes, exporters are now seeking to step up sales to China, which has slowed down its diamond purchases in the past eight months. Cut and polished diamonds are a major foreign exchange earner for India. India's diamond exporters are expecting demand from Chinese buyers for the country's cut and polished diamonds at the Hong Kong Jewellery & Gem Fair, which is being held from September 20-24.

Asian Games football competition here on Tuesday.Giao Tianyi (17th min), Dai Weijun (51st min), Tao Qianglong (72nd and 75th minute) and Hao Fang (90+2) scored for the hosts, while Rahul KP's (45+1 minute) equaliser from an acute angle was possibly the best strike of the match. It was heartening to see a third-string team holding the title contenders on an even keel during the first 45 minutes, which saw Indian custodian Gurmeet Singh Chahal valiantly save a spot-kick taken by rival captain Zhu Chenjie. India now need to beat Bangladesh and Myanmar in their remaining two games to qualify for the second round. Myanmar beat Bangladesh 4-2 in another game in this group. Having reached the Games Village late on Monday evening, the third-string Indian team, with not even four specialist defenders in their ranks, didn't have enough co-ordination amongst themselves. They looked jet-lagged, not rested enough and there was no way that there could have been a miracle.

Hopes were always high for Christopher Nolan’s “Oppenheimer.”

New Delhi: German plumbing materials and sanitary fittings manufacturer Hansgrohe, known for its premium faucets and showers, is set to expand its presence in the Indian bathroom solutions market with the launch of new ceramics line. In an exclusive interview, the German brand’s India managing director, Gaurav Malhotra talked about the company’s plans to introduce 64 new ceramics designs to the Indian market by 2023-end, as a part of its strategy to provide a full range of bathroom solutions to Indian consumers. While faucets and showers constitute the bulk of its business, Hansgrohe sees opportunity to leverage its brand reputation for luxury fixtures catering to aspirational consumers.

airport across Asia-Pacific and the Middle East in offering direct connectivity to foreign destinations, followed by the Doha and Incheon airports. In fact, the Middle East registered a 26% growth in total connectivity in 2022 compared to 2019, with direct connectivity to airports in North America, Africa and Asia-Pacific.

Microsoft Corp. is narrowing the gap with Apple Inc.

foreign degree and career, spike in candidates from Tier 2/3 cities, and foreign institutes stepping up focus on the country with enhanced financial aid/scholarships, leading study abroad consultants told ET. The record Indian surge comes amid a decline in student applicants from China. For study abroad platform Leverage Edu too, the fall intake has been the largest ever.

China's Foreign Ministry has asked all foreign consulates in Hong Kong to provide the personal details of their locally employed staff, as Beijing tightens its control over the semi-autonomous city. The Commissioner's Office of the Foreign Ministry, in a letter seen by The Associated Press, asked the consulates to provide staffers' names, job titles, residential addresses, identity card numbers and travel document numbers «in line with the Vienna Convention on Consular Relations and general international practice.» The letter, dated Monday and addressed to all consulate posts and the Office of the European Union, stated that they should comply with the request by Oct. 18, and that the details of staffers who are employed in the future should be furnished within 15 days. It wasn't clear whether China furnishes details of its staff in foreign missions to other countries. The request comes as Beijing has tightened control over Hong Kong in recent years following its imposition of a sweeping national security law aimed at stamping out dissent. Governments in the West have criticized the law as a dismantling of Hong Kong's political freedoms and civil society.

Swift is in the process of working with central banks and financial institutions on beta tests of an experimental method for interlinking CBDCs with existing fiat infrastructures. The cooperative’s Nick Kerigan argued that interoperability should be front of mind early on in the CBDC development process in order to avoid some of the issues that have been seen with national payment systems. David Ballaschk from the Deutsche Bundesbank and Hariram Chakraborthy Janakiraman from ANZ agreed that we will not see a standard CBDC, and that interoperability is the best that can be hoped for.

Check out the companies making headlines in midday trading.