China Financial News

11.09 / 19:59
Lowe's Southern country NOT September rains may not save sugarcane, pulses crops
soya bean, sugarcane, moong and urad to overcome the damage caused by scanty rains in August, experts said, warning of poor yield, price increases, and food inflation. «Inadequate rainfall for more than a month now is adding to uncertainty for crop yields,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics of Barclays.
11.09 / 18:17
UPS Provident Digital Aware show country Power DPIs could be part of India’s soft power projection: ex-CEO of NHA
NEW DELHI : The global proliferation of digital public infrastructures (DPIs) can be part of India’s soft power projection, in turn helping “increase our influence" around the world, said Ram Sewak Sharma, former chief executive of the Centre’s National Health Authority (NHA). In an interview on the sidelines of the first Digital Public Dialogues, a government-backed discussion forum in Delhi on Monday, Sharma underlined the importance of DPIs, which were a part of India’s agenda during its G20 presidency that concluded on 10 September. “China has a huge amount of money, which can be used to influence global stakeholders.
11.09 / 17:25
Gold investors scan Fed for cues
₹58,952 per 10 grams, and have risen by 8% so far in 2023. In comparison, international gold prices have risen by 5.56%.
11.09 / 17:25
UPS Citi FIVE Manufacturing Metro Highways country India Spends Big on What It Needs Most to Catch Up to China
MUMBAI—The financial capital of India has become a colossal construction site. The barriers that try to keep daily life on track in the metropolis on the country’s west coast proclaim: “Mumbai is upgrading." A new road being built along the Arabian Sea is aimed at easing congestion in a city where three-lane roads are frequently occupied by five lanes of honking traffic. A rapid-transit metro system is being extended to ease pressure on suburban trains overflowing with people.
11.09 / 17:25
BTC ETF SEC coinbase Bitcoin Bitcoin Forms 'Death Cross': Can Bulls Hold Their Ground?
This week holds significant importance for Bitcoin, with both global developments and technical aspects coming into play.
11.09 / 16:53
Cooper Gap country China says it welcomes India-Middle East-Europe Economic Corridor so long it doesn't become a geopolitical tool
China said on Monday that it welcomes the India-Middle East-Europe Economic Corridor announced on the sidelines of the G20 summit so long it doesn't become a «geopolitical tool», even as it downplayed Italy's plan to pull out of its Belt and Road Initiative (BRI). China welcomes all initiatives that truly help developing countries build infrastructure and sincere efforts to promote connectivity and common development, the Chinese Foreign Ministry said. «At the same time, we advocate that various connectivity initiatives should be open, inclusive, and form synergy, and should not become geopolitical tools,» the ministry said in a written response to PTI to a question on China's reaction to the new corridor. On Saturday, Prime Minister Narendra Modi announced plans to launch the India-Middle East-Europe Economic Corridor which includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US. «Today we all have reached an important and historic partnership. In the coming times, it will be a major medium of economic integration between India, West Asia and Europe,» Modi said.
11.09 / 15:59
country BJP says Jawaharlal Nehru 'gave away' UNSC seat to China ‘on platter’
leadership of PM Modi is shaping the world, and the world is backing the country's bid for a permanent UNSC seat, which Nehru gave away to China on a platter...The unpatriotic deeds of the Gandhi family haunt our history, to date." Making a fresh pitch for expansion of the UN Security Council and reforms in other global institutions, Prime Minister Modi had on Sunday said in order to take the world towards a better future, it is necessary that the global systems are according to the present realities. "Today, the United Nations Security Council is also an example of this. When the UN was established, the world was completely different from what it is today.
11.09 / 15:59
UPS Strategy country voice social India has a major role in shaping a new world order
BRICS Summit held in South Africa and the G20 Summit that just concluded in India, have intrigued the world with their agenda to declare themselves as true representative voices of the Global South, which refers to developing countries. Such representation suggests political and ideological opposition to a Western dominated world order, aimed at others claiming their rightful place as equal players in world affairs.
11.09 / 15:59
UPS Art Cooper SUN country A thick alphabet soup of global entities has been getting thicker
G20 meeting in New Delhi. Xi has not missed a single G20 since he came to power in 2012. Whether Xi’s absence is a snub aimed at India or whether China is turning against the construct of the G20 itself, only time will tell.
11.09 / 15:15
regulation Scams crimes Thai authorities arrest five in 3,200-victim, $27M crypto scam
Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.
11.09 / 15:13
UPS FIVE Volkswagen Mercedes-Benz Toyota show The Car Show Will Go On
“International" car shows have a more national flavor these days, but that doesn’t mean the format is dying. The North American International Auto Show launches this week in Detroit, hot on the heels of IAA Mobility in Germany last week. These were traditionally among the “big five" global car shows alongside those in Paris, Geneva and Tokyo, before the pandemic broke a tradition already under strain.
11.09 / 15:13
UPS IPO Progressive CEO ByteDance Huawei The Alibaba Spinoff Trade Loses More Steam
An unexpected twist to Alibaba’s changing of the guard—and a drip feed of other bad news—has undermined the bullish sentiment surrounding the Chinese e-commerce giant earlier this year. And given how China-adverse investors have become, it may be tough to reverse that without an all-clear for the economy more broadly—especially since Alibaba executives may be tempted to slow-walk restructuring plans as long as China’s stock markets remain in the doldrums. Alibaba’s Hong Kong-listed shares fell 3% Monday in the wake of two potentially significant developments: a report from Bloomberg, citing sources, that the firm would put on hold a potential IPO of its Freshippo grocery chain, and a surprise personnel change.
11.09 / 14:45
'Going to bed': Joe Biden jokes about rushing to nap between presser in Vietnam
As the US President's two-nation visit to India and Vietnam came to an end on Monday, Joe Biden, was caught jokingly replied to a media person and said, “I tell you what, I don’t know about you, but I’m going to go to bed." During the press conference, Joe Biden made the comment in response to a question on why he didn't speak to Chinese president Xi Jinping.
11.09 / 13:57
UPS show country Oil prices slip from near 10-month high, Brent holds $90
Investing.com-- Oil prices fell from a near 10-month high on Monday, seeing a measure of profit taking after a stellar rally over the past month, although bets on tightening supplies still kept Brent above key levels. 
11.09 / 13:45
UPS Manufacturing Action Apple Tesla Qualcomm Tesla, Apple, Hostess Brands, Qualcomm rise premarket; Alibaba falls
Investing.com — U.S. futures traded slightly higher Monday, ahead of the release this week of fresh inflation data which could give guidance of future Federal Reserve monetary action.
11.09 / 12:33
UPS FIVE COMPOSITE Remark Inside Chinese scientists successfully grow humanized kidney inside pig
Published in the scientific journal Cell Stem Cell, the study details the creation of human-pig chimeric embryos, consisting of both human and pig cells. These specially engineered embryos were then implanted in surrogate pig mothers and allowed to develop. After 28 days of growth, the resulting kidneys displayed a predominantly human cell composition, maintaining a normal structure. Remarkably, human cells made up approximately 60 to 70% of the total cells within these humanized kidneys.
11.09 / 11:43
UPS show ‘Not even a square inch’: Ladakh LG refutes China land occupying claim, says Army prepared to give 'bloody nose'
Rahul Gandhi, and satellite imagery. Rahul Gandhi who last month was on a six-day visit to Ladakh, said that the Prime Minister Narendra Modi led Indian government is lying about the situation with China along the Line of Actual Control (LAC). MP Gandhi also said that China is occupying a large chunk of land in Ladakh.
11.09 / 11:01
Reuters NIFTY band Rupee ends weaker despite yuan rally as oil companies, importers capture dollar dip
rupee ended weaker on Monday despite a rally in the Chinese yuan and a softer U.S. dollar as the domestic unit's strength was capped by dollar demand from oil companies and importers, traders said. The rupee ended at 83.03, compared with 82.9450 in the previous session.
11.09 / 10:51
UPS IPO Reuters DOW CEO SoftBank week inflation data Inflation data this week, Alibaba leadership shake-up - what's moving markets
Investing.com -- Key U.S. inflation data later this week looms large, with investors hoping that the figures will help clear up uncertainty around the Federal Reserve's interest rate path for the rest of 2023. Elsewhere, Alibaba announces an unexpected leadership shake-up ahead of a planned restructuring of the sprawling Chinese business, while Arm reportedly eyes pricing its highly-anticipated initial public offering at the top end of its indicated range — or above.

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