China Financial News
07.09 / 03:13
UPS
Reuters
Strategy
show
performer
Latin
2024
Dollar to stay bright this year before fading in 2024 -analysts
dollar's strength will be difficult to overcome for most major currencies by year-end, according to a Reuters poll of forex strategists who said the risks to their greenback outlook were skewed to the upside. Backed by a strong economy and rising U.S. Treasury yields, some of the highest among developed economies, the dollar despite bouts of weakness has stayed resilient against most major currencies. Hitting a six-month peak as jitters over China and global growth weighed on risk appetite and expectations the U.S.
07.09 / 03:13
UPS
Lowe's
Reuters
Strategy
country
EM currencies face uphill battle as dollar's supremacy continues
safe-haven demand amid a slowing Chinese economy keeps the dollar ascendant, a Reuters poll of FX analysts found. A stampede into the greenback pushed the wider index of emerging market currencies to its lowest in two weeks on Monday as U.S. Treasury yields and the dollar advanced on expectations interest rates will remain high. The dollar index has surged more than 5.0% since its 15-month nadir in July.
07.09 / 03:13
Provident
Lowe's
NASDAQ
country
Asian stocks
Asian stocks under pressure, dollar extends gains
dollar strengthened further against major currencies as investors increased bets for further Federal Reserve policy tightening. The Bloomberg dollar index rose to a fresh six-month high as investors increased expectations for the Fed to hike again this year. Treasury yields drifted higher across the curve Thursday, extending Wednesday increases that pushed two-year yields above 5%.
07.09 / 03:13
UPS
Lowe's
Reuters
NIFTY
SENSEX
services
6 things that changed for market overnight: Gift Nifty, US Services PMI to global market cues for Sensex today
Indian stock market is expected to open lower on Thursday tracking weak global cues amid strength in US dollar and surging crude oil prices. Asian markets were mixed, while US stock market ended in the red as stronger economic data raised concerns that interest rates will remain elevated for longer. The domestic benchmark equity indices ended higher on Wednesday, their fourth consecutive session of gains.
07.09 / 02:09
UPS
CEO
Tencent
Baidu
social
businesses
Tencent releases AI model for businesses as competition in China heats up
Chinese tech giant Tencent is launching its artificial intelligence model «Hunyuan» for business use at an annual summit on Thursday, Dowson Tong, CEO of the cloud and smart industries group at Tencent, told CNBC in an exclusive interview ahead of the event.
07.09 / 01:07
UPS
FIVE
Manufacturing
Mobile
show
country
Chinese automaker SAIC looks at local co-drivers to navigate India market
SAIC Motor Corp is weighing multiple options to partner an Indian company for expanding its presence in the growing automobile market, said Chen Hong, chairman of China's largest automaker. The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India. Talks between SAIC, the parent of MG Motor India Pvt Ltd, and one of the potential Indian investors are likely to conclude in a few months, said another senior executive.
06.09 / 22:27
06.09 / 21:27
business
Blockchain
Ethereum
defi
Staking
Bitcoin
VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest
The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62 deals, compared to June 2022. However, the overall trend for the year shows a rise in venture capital deals. Cointelegraph’s VC roundup highlights the latest projects striving in this complex and competitive environment.
06.09 / 21:09
UPS
Progressive
NASDAQ
DOW
Apple
services
fall
Stocks fall, dollar and yields up after US services data
By Caroline Valetkevitch
06.09 / 21:03
CEO
Matthews
BlackRock
Morningstar
show
social
ETF shop that shorts Cramer has sights on anti-ESG
An ETF shop known for shorting Jim Cramer’s and Cathie Wood’s stock picks is preparing to bet against a different category: ESG.
06.09 / 20:13
06.09 / 20:13
COST
UPS
BLOCK
DOW
Airlines
Apple
Stock Market Today: Dow closes lower as Apple slump, fresh inflation fears bite
Investing.com — The Dow closed lower Wednesday as fresh inflation jitters renewed concerns about higher for longer interest rates, while a plunge in Apple (NASDAQ:AAPL) also dented sentiment on stocks.
06.09 / 20:09
UPS
Citi
Digital
Action
track
country
G20 Summit: India’s development pitch
G20 nations — which together contribute over 80% to global output — when they meet this weekend in New Delhi. ET looks at the finance track of the G20, which focuses on key economic issues the world is grappling with.Progress so far
06.09 / 19:45
COST
UPS
Provident
Target
SUN
Threat
Pentagon Plans Vast AI Fleet to Counter China Threat
WASHINGTON—The Pentagon is considering the development of a vast network of AI-powered technology, drones and autonomous systems within the next two years to counter threats from China and other adversaries. Kathleen Hicks, the deputy secretary of defense, will provide new details in a speech later Wednesday about the department’s plans to spend hundreds of millions of dollars to develop an array of thousands of air-, land- and sea-based artificial-intelligence systems that are intended to be “small, smart, cheap." The U.S.
06.09 / 18:53
COST
BRO to construct airfield at strategic Nyoma belt of eastern Ladakh
Border Roads Organisation will construct an airfield at an estimated cost of Rs 218 crore at the strategic Nyoma belt of eastern Ladakh.
06.09 / 18:25
Lowe's
Action
The rupee riddle
RBI) headache is the weakening of the rupee. On Wednesday, it closed at a new record low of 83.14 against the dollar, extending Tuesday’s fall to 83.04.
06.09 / 18:25
Provident
BLOCK
Digital
Action
country
crypto rules
G20 summit to develop roadmap for crypto rules
NEW DELHI : The G20 Leaders’ Summit in New Delhi later this week will discuss the building blocks for cryptocurrency regulations, while a paper authored by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) will offer nations a road map for regulating crypto assets, a person with direct knowledge of the matter said. India is seeking a consensus among G20 nations on crypto assets, the person said, adding that the government has prepared a presidential note on cryptocurrency, including a summary of the IMF and FSB reports.
06.09 / 17:37
exclusive
end
US extends tariff exclusions on some Chinese categories till end of 2023
WASHINGTON (Reuters) — The office of U.S. Trade Representative Katherine Tai on Wednesday announced a further extension of China «Section 301» tariff exclusions on 352 Chinese import and 77 COVID-19-related categories that were set to expire on Sept. 30.
06.09 / 17:17
06.09 / 16:53
Blockchain
Microsoft
Gaming
OTC
USDC
Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils 'Heavy-Metal Quartet' of AI Compilers
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
06.09 / 16:51
UPS
Digital
Aware
CEO
Celebrity
show
social
Weight-loss drugs may reduce the appeal of alcoholic drinks
alcohol industry has been thriving despite a streak of threats: the legalization of marijuana, a trade war with China that hampers US exports, the rise of the sober-curious movement. Now a new risk is here: weight loss drugs. Eli Lilly’s Mounjaro and Novo Nordisk’s Ozempic and Wegovy have gained popularity as a fast way to lose weight, thanks to celebrities such as Khloe Kardashian and Elon Musk.
breaking news about China
What is the current situation in China?
In China, the spotlight is on socially significant developments that affect the region’s daily life.
Where can I find reliable news about China?
We publish verified updates about the situation in China, based on information from trusted sources.
What shapes the media agenda in China?
The news landscape of China is shaped by major cultural and social events, reflecting its local way of life.
