China Financial News

Companies that make up the S&P 500 produce just 3.4% of their revenue from clean-energy sources, which is roughly half what companies on the Shanghai Composite Index earn, according to BloombergNEF. With corporations struggling to make the transition to net-zero emissions, analysts at BNEF looked under the hood of more than 8,000 companies to determine how much of their revenue is attributable to clean energy. “Shifting business models toward greener activities is about more than being virtuous for the sake of the planet,” says BNEF’s Michael Daly. “There’s a huge financial opportunity for companies that help drive the energy transition.”Chinese companies such as solar leaders LONGi Green Energy Technology Co.

Financial Times. As per data analyzed for the FT by the Kyiv School of Economics, the four biggest banks in China have quadrupled their exposure to Russia's banking sector since the war in the Ukraine region, Bloomberg reported.

Sensex and Nifty, ended with healthy gains on Friday, boosted by all-around buying in light of broadly positive global cues ahead. “Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks," said Vinod Nair, Head of Research at Geojit Financial Services.

Narendra Modi are scheduled to engage in one-on-one discussions on Friday evening. Speaking about his visit to India and Vietnam, Biden said, "I want a little more ...

use of coal to generate electricity as an increase in renewables is struggling to keep pace with record power demand, according to Reuters reports. India's electricity demand typically peaks in May when people crank up air-conditioners to beat the heat. It is unusual for India's electricity use to spike in August when temperatures are lower due to the annual monsoon.

Day trading guide for today: On account of strong global market cues as China’s factory activity for August expanded and its central bank announced a cut in reserve requirements to boost the economy, Indian stock market finished higher on Friday. NSE Nifty went up 181 points and ended at 19,435 levels, BSE Sensex gained 555 points and closed at 65,387 mark while Bank Nifty index finished 446 points higher at 44,436 levels. Upstream oil companies were in the limelight as Brent crude surged to a 1-month high on the back of tighter US inventories and Russia signalled to curb oil export.

A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.

JF-17 Thunder, supplied to Myanmar by Pakistan were declared unfit and the military junta has sent a «stern message» to Islamabad to answer for the mess, Myanmar-based Narinjara News reported citing sources. Pakistan supplied many JF-17 Thunder combat aircraft to Myanmar between 2019 and 2021 and all have been declared «unfit for operations.» The delivered planes were part of a deal that the Burmese military junta signed in 2016 to purchase JF-17 produced jointly by Pakistan Aeronautical Complex and Chengdu Aircraft Industries Corporation of China. But soon after the delivery of the aircraft, the Burmese Air Force was forced to ground the planes as malfunctions and structural flaws were detected. The failure of JF-17 appears to be shimmering tensions between Islamabad and Naypyidaw and somehow compelled China to intervene. A recent visit by Myanmar's Chinese envoy to Naypyidaw is said to have carried a message from the CCP's top leadership to Gen Min Aung Hlaing, as per Narinjara News. According to sources, Pakistan is trying hard to renegotiate the deal with newer versions of the JF-17s.

Bitcoin has not been cancelled. After the FTX collapse, I had written that I was happy crypto had not been officially regulated in India. However, it’s clear that apart from the taxation-based measures, there won’t be a crypto ban in India, unlike, say, in China.

global financial crisis hit in 2008-09, it had already met most of its investment needs for its level of development, economists say. Since then, the economy quadrupled in nominal terms while overall debt expanded nine times. To keep growth high, China in the 2010s doubled down on infrastructure and property investment, at the expense of household consumption.

The UK government is investing £100 million in an effort to strengthen its foothold in the global AI chip market. This initiative is geared towards creating a robust AI infrastructure in the UK, akin to developments in the US and other nations. The allocated funds will be channeled towards purchasing essential components from top chip manufacturers, including Nvidia, AMD, and Intel.

Antonio Tajani travels to China this weekend, he'll be balancing two competing interests: laying the ground for Italy’s exit from a controversial investment pact with Beijing while also trying to avoid a rupture with the world's second-largest economy. During a three-day trip starting on Saturday, Prime Minister Giorgia Meloni’s deputy will meet with Chinese Foreign Minister Wang Yi and other officials to discuss the possibility of leaving the Belt and Road Initiative, an investment pact designed to deepen economic ties with allies. Just before boarding a plane to China, Tajani said that the 2019 agreement had fallen short of expectations. “Belt and Road was a decision made in the past,” Tajani told Francine Lacqua in a Bloomberg Television interview on Saturday at the Ambrosetti Forum in Cernobbio, Italy.

Russia's share in India's crude oil imports fell to 34% in August from 42% in July as state-run refiners sharply reduced imports from Russia. Supplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India's overall crude imports fell 5% to 4.35 mbd, according to energy cargo tracker Vortexa. Russia's seaborne crude exports to China, however, increased to 1.4 mbd in August from 1.3 mbd in July. Indian state refiners took 852,000 barrels per day of Russian oil in August, 30% less than in July while private sector refiners' intake of 617,000 barrels per day was 13% lower than in July. Imports from Russia fell due to the planned maintenance work at some refineries in India as well as a reduction in the availability of Russian supplies, analysts said.

Typhoon Haikui made landfall in Taiwan on Sunday, reported CNN. According to Taiwan's Central News Agency (CNA), the two people who were injured as a result of the Typhoon were travelling in a van, when a tree fell on the vehicle. They suffered injuries but were conscious and taken to hospital, it added. The storm made landfall in the southern coastal township of Donghe at about 3:40 p.m. local time, according to the weather bureau. According to Taipower, the state electricity provider, more than 9,300 households in Taitung and Hualien counties have lost power as of 2 p.m. local time on Sunday, reported CNN. Repairs are now underway. Taipei, Taiwan's capital, is currently receiving heavy rainfall.

Narendra Modi is expected to focus on safeguarding territorial integrity and freedom of navigation in the Indo-Pacific region during his September 6-7 Jakarta visit for the Asean Summit and East Asia Summit (EAS), in the backdrop of China's 'new standard map'. Besides India, several Southeast Asian nations, including Malaysia, Philippines, Vietnam and Indonesia, have protested China's new map which focuses on the South China Sea region, Arunachal Pradesh and Aksai Chin. India had lodged a strong protest with China. The PM is expected to send a message that territorial integrity of Indo-Pacific states must be safeguarded and pitch for inclusive nature of India's Indo-Pacific policy amid China's aggressive designs in the region, said people aware of the matter. India's steadfast commitment to freedom of navigation through the South China Sea region, where tensions have been building up, will also be in focus, said the people. The PM will also highlight India's agenda for the global south, with the Asean Summit taking place on the eve of G20 Summit in New Delhi. In June, the PM had addressed a gathering at the G20 development ministers' meeting in Varanasi and stated that «development is a core issue for the global south». «The countries of the global south were at the receiving end of the Covid pandemic.

NEW DELHI : Foreign portfolio investment inflows into the Indian markets slowed in August after robust flows from April to July due to worries about impending rate hikes in the US, resulting in higher bond yields and a stronger dollar. Inflows in August were the weakest since February. Fears about rate hikes have also triggered outflows from other emerging markets.

Commerce Secretary Gina Raimondo said on Sunday. «We are trying to choke their military capacity.

«It's in the US interest. It's in China's interest.

By Diane Bartz and Phil Stewart

G20 Summit in New Delhi on September 9 and 10. The arrangements will be a showcase for Prime Minister Narendra Modi and India's growing presence on the world stage. The two-day summit will have the most high-profile guest list India has ever welcomed, from US President Biden to British Prime Minister Rishi Sunak and Saudi Arabia's Mohammed Bin Salman.

By Kirsty Needham