China Financial News
18.09 / 17:25
COST
UPS
Platform
Boeing
Oil at mid-$90s ahead of Fed inflation verdict, other rate decisions
Investing.com — Oil bulls pressed ahead Monday with the momentum they had gained in the past three weeks, closing in on the Saudi wish for triple-digit pricing, as markets awaited the Federal Reserve’s verdict on U.S. inflation creeping again from high energy costs.
18.09 / 15:45
IPO
Booking
NIFTY
SENSEX
FIIs dump ₹1,237 crore after Sensex breaks 11-day gain streak; DIIs invest ₹553 crore
Indian stock market ended on a muted note, Foreign Institutional Investors (FIIs) dumped a total of ₹1,236.51 crore in Indian equities on Monday. However, the domestic institutional investors (DIIs) continued to be net buyers and infused ₹552.55 in the Indian stock market today. Also Read: Market Wrap: Sensex snaps 11-day winning streak; PSU banks buck the trend India's benchmark indices ended on a lower note on Monday.
18.09 / 14:49
Digital
Cross-border
China, EU hold 'in-depth' talks on AI, cross-border data flow: report
China's Vice Premier Zhang Guoqing and the European Commission Vice President Vera Jourova held in-depth talks on Monday on topics including artificial intelligence and cross-border data flow in Beijing, China's state media reported. Both sides agreed to promote an open, fair and non-discriminatory environment for the development of the digital economy, the official Xinhua news agency said.
18.09 / 14:29
18.09 / 14:29
UPS
Platform
Boeing
week
Commodities Week Ahead: Oil Clings to $90 Ahead of Fed, BoE, BoJ, PBoC Decisions
As the Federal Reserve and central banks of England, China, and Japan ready for rate decisions this week, oil longs seem to have only concern: Keeping a barrel above $90 and adding to the gains thus far for September.
18.09 / 14:25
UPS
Waves
Target
Man
Fighting
Hypersonic Missiles Are Game-Changers, and America Doesn’t Have Them
The weapon Beijing launched over the South China Sea traveled at speeds of more than 15,000 miles an hour as it circled the globe. Flying at least 20 times the speed of sound, it could reach anywhere on earth in less than an hour. The summer 2021 test flight ended with the missile striking near a target in China, but it sent shock waves through Washington.
18.09 / 13:49
UPS
IPO
Lowe's
Strategy
performer
country
pension
Why Canada's pension plan is standing by its $52-billion bet on China while other investors flee
In 2011, three years after opening an office in Hong Kong, the Canada Pension Plan fund invested in a fast-growing e-commerce company in the city of Hangzhou, China, that would have been unfamiliar to most Canadian pensioners at the time.
18.09 / 12:59
18.09 / 12:59
MET
JPMorgan
HSBC
Tesla
show
foreign
China central bank, FX regulator meet foreign firms in capital drive
BEIJING (Reuters) — China's central bank and forex regulator met with foreign financial institutions and companies on Monday, as Beijing strives to attract overseas investment to support its recovery.
18.09 / 12:23
Lowe's
Manufacturing
CEO
COMPOSITE
performer
foreign
Can a gloomy Chinese market outlook spur foreign investor interest in India? Experts weigh in
emerging markets (EMs), including India, experts believe. The public debt of the world's second-largest economy has been mounting, its property market is in deep distress, its exports are slowing and it has to deal with geopolitical issues too. China's economic outlook is bleak.
18.09 / 12:23
FIVE
Fighting
Strategy
Celebrity
stage
Cracks in INDIA bloc? CPI(M) refrains from seat sharing in Kerala, Bengal: Report
Indian National Developmental Inclusive Alliance (INDIA) headed for a similar fate if and when it comes to power following the 2024 Lok Sabha Elections. INDIA's ‘Mission 2024’ has projected a united front against the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA) for the biggest democratic festival India celebrates every five years.
18.09 / 12:21
Ant
Ant Group Reportedly Plans Withdrawal from $100 Million Crypto Venture A&T Capital
The Chinese fintech giant Ant Group is in the process of withdrawing its investment from the $100 million A&T Capital fund that was set up to invest in offshore crypto projects, Bloomberg reported today.
18.09 / 12:15
18.09 / 11:41
UPS
ETF
Assurant
Yellow
show
Gold proving an excellent hedge against inflation and war, as always
Emerging Markets returns shows India is the only EM where returns from equities have exceeded the returns from gold between January 2000 and September 2023. While this neglects dividends, it is nevertheless an eye-opener. Even in India, gold has returned a handsome 10.9% compounded through this long period, while equities (ex-dividend) have returned 11.6% compounded.
18.09 / 11:05
UPS
Citi
BURST
Exodus
Southern
country
An Even Bigger Housing Crisis Threatens China’s Economy
China’s giant housing industry is lurching into a new crisis that threatens to be the country’s worst yet. Two years ago, the debt-laden developer China Evergrande Group spiraled into insolvency, bursting the country’s real-estate bubble and setting off a chain of developer defaults and business losses. The industry’s troubles have dragged down China’s economy.
18.09 / 10:29
NIFTY
TCS
SENSEX
Power
Top gainers, losers today: Power Grid, Titan, Hindalco, HDFC Bank, among most active stocks
Power Grid Corporation of India Ltd (up 3.12%), Titan Company Ltd (up 2.66%), HDFC Life Insurance Company Ltd (up 2.43%), Mahindra & Mahindra Ltd (up 2.26%), and Bharat Petroleum Corporation Ltd (up 2.26%)were among the top gainers of Nifty 50. Hindalco Industries Ltd (down 2.19%), HDFC Bank Ltd (down 1.93%), Adani Ports and Special Economic Zone Ltd (down 1.80%), and Dr Reddy's Laboratories Ltd (down 1.68%) were among the laggards today. Indian stock indices touched fresh highs on Friday, largely due to strong cues from US markets and consistent fund inflows by foreign portfolio investors.
18.09 / 10:15
UPS
awards
Southern
social
How China trains its journalists to report “correctly”
migrant workers. In 2008 candid reports about a devastating earthquake in the south-western province of Sichuan laid bare the failings of local officials. Some of this spirit lives on in commercially run publications such as Caixin, a magazine that focuses on business and economics (less politically sensitive topics).
18.09 / 10:15
Provident
Platform
Delhi's iconic Chandni Chowk market goes online; check details
To expand its consumer base and reach, Delhi's iconic market places including Chandni Chowk will now be available online for shopping at ‘Delhi Bazaar’. Delhi Bazaar is a virtual marketplace for Delhi's signature markets. It will provide them global exposure by bringing together their popular stores on a virtual platform.
18.09 / 10:15
Man
country
voice
Watch: Ray Dalio likens Modi to Chinese revolutionary Deng Xiaoping, says issues with Muslims won’t stop India's growth
Narendra Modi to Chinese revolutionary Deng Xiaoping, the leader often credited with revolutionising the country’s economy. Dalio, the founder of Bridgewater Associates, was speaking at the All-In Summit 2023 at Royce Hall on UCLA's campus in Los Angeles, USA. He emphasised that - just as Deng catalysed China's economic surge, Modi could be the driving force behind India's development.
18.09 / 10:11
Progressive
Remark
country
'Modi is Xiaoping': India is where China was in 1984, says founder of world's largest hedge fund
Ray Dalio, during his address at the All-In Summit 2023 held at Royce Hall on UCLA's campus in Los Angeles, has expressed his belief that India holds the highest potential for growth among the top 20 countries globally. Drawing parallels between India's Prime Minister, Narendra Modi, and China's legendary leader Deng Xiaoping, Dalio emphasized the significance of India's substantial reforms in translating into robust economic progress. «We have 10-year growth rate estimates for India and the top 20 countries of the world.
18.09 / 10:11
Digital
CEO
Remark
Tencent
stake
Naspers chairman Koos Bekker says company has no plans to sell Tencent stake
Naspers chairman Koos Bekker on Monday said that the company has no plans to dispose of its large stake in China's Tencent, held by Nasper's Prosus subsidiary. The 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies. Naspers and Prosus have been gradually selling shares to repurchase their own shares, which trade at a discount to the value of the Tencent stake.
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