China Financial News
31.08 / 15:53
Blockchain
Digital
Landmark
Strategy
Huawei
exclusive
HUAWEI CLOUD and COBO Announce Strategic Blockchain Partnership in Asia
HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a «Memorandum of Understanding (MoU)» with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event.
31.08 / 15:31
UPS
Strategy
country
The Taliban say they have signed mining contracts worth $6.5 billion in Afghanistan
The Taliban say they have signed mining contracts worth billions of dollars in Afghanistan
31.08 / 13:45
UPS
Progressive
Manufacturing
show
country
Oil prices rise on U.S. inventories draw, tight supply
Investing.com — Oil prices rose Thursday, boosted by a large drop in U.S. crude inventories and further signs of supply tightness, outweighing a slowdown in China's manufacturing activity.
31.08 / 13:27
regulation
us government
US officials extend export curbs on Nvidia AI chip to ‘some Middle Eastern countries’
Regulators in the United States have asked Nvidia to curb exports of artificial intelligence (AI) chips to “some Middle East countries,” according to its latest quarterly report.
31.08 / 12:55
Target
Polestar posts narrower loss as supply chain challenges ease
STOCKHOLM (Reuters) — Swedish electric vehicle maker Polestar's operating loss narrowed in its second quarter as the auto industry slowly recovers from pandemic-related supply chain bottlenecks.
31.08 / 12:45
Investment trusts
Nippon Active Value
'Consolidator' Nippon Active Value posts 6.7% rise to NAV total return for first half of 2023
The trust has become a 'consolidator' within the AIC Japan sector.
31.08 / 12:29
UPS
Target
CEO
performer
Polestar Automotive Misses 2Q EPS by 1c; expects strong performance in 2H
Polestar Automotive (NASDAQ:PSNY) reported 2Q EPS of ($0.14), $0.01 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $685.2 million versus the consensus estimate of $686.4M.
31.08 / 12:29
UPS
DOW
Manufacturing
Action
Software
UBS
country
guidance
jobless claims
Jobless claims and PCE ahead, Salesforce lifts guidance - what's moving markets
Investing.com -- Investors await a fresh slew of U.S. economic data on Thursday after figures earlier in the week bolstered predictions that the Federal Reserve may soon end an aggressive interest rate hiking campaign. Dow futures point into the green, aided by improved guidance from Salesforce (NYSE:CRM), which boosted shares in the software group in premarket trading. Elsewhere, activity in China's key manufacturing sector contracts, spurring on calls for Beijing to take stronger action to support the stuttering economy.
31.08 / 12:17
UPS
Ford
Manufacturing
Platform
country
JSW Group in talks with Chinese carmaker Leapmotor for EV tech: Report
NEW DELHI : India's steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor's platform - the structural underpinnings of a car on which it is built - to manufacture EVs in India under its own brand name, the sources said, in the company's second attempt to enter the growing business. JSW is likely to use a single platform on which it can build at least three mid-sized sport-utility vehicles (SUVs), one of the sources said, adding that Leapmotor will also engineer the cars for the Indian company.
31.08 / 12:17
COST
Waves
Lowe's
ANZ
ICBC
Chinese Banks Plan Deposit Rate Cuts to Cushion Pain From a Faltering Economy
personal loans to help stimulate the flagging economy. The People’s Bank of China has cut a key lending rate twice in the past year and commercial banks have trimmed loan benchmarks that are used to price mortgages and other debt. Those moves have come at a significant cost to lenders.
31.08 / 12:17
FIVE
Man
Action
Racing
performer
track
social
Explainer
2024
Mint Explainer: Who is Vivek Ramaswamy, the man disrupting the 2024 US prez race
pharmaceutical industry. His net worth is estimated at just under $1 billion. In recent years, Ramaswamy has become increasingly active in America’s culture wars.
31.08 / 12:07
31.08 / 12:07
Provident
Citizens
Mobile
Forrester
Tencent
country
Free Fire back in India as Hiranandani and Singapore's new citizen navigate through govt's China ban
Sea Ltd. is bringing back one of its top mobile games in India a year and a half after it was banned, a boon for the internet company’s effort to revive its growth. Now called Free Fire India, the game will be available Sept.
31.08 / 11:21
FIVE
Enterprise
NIFTY
SENSEX
track
Top gainers, losers today: Maruti Suzuki, Adani Enterprises, Tata Steel, Adani Ports; check full list
Nifty settled lower on the last day of August on Thursday, tracking weak global cues, while investors awaited India's gross domestic product (GDP) data for the April-June quarter of current fiscal (2023-2024) which is expected later today. India's GDP likely moved up to 7.7 per cent in the first quarter, recording the fastest annual pace in a year, supported by robust government capital expenditure and a strong services sector. However, some economists and rating agencies expect India's Q1 GDP print to beat the 8 per cent forecast of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC).
31.08 / 11:07
business
regulation
Baidu
ChatGPT
OpenAI
China’s Baidu and other tech companies release ChatGPT-like AI chatbots
Four China-based tech companies launched their own artificial intelligence (AI) chatbots on Aug. 30 for public use after receiving approval from the Chinese government.
31.08 / 11:01
Tether
Money laundering
Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto
Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million.
31.08 / 10:55
31.08 / 10:54
FIVE
Digital
Entertainment
Browser
country
The fundamental reason China will struggle to dethrone the dollar
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31.08 / 10:05
CEO
Govt appoints Jaya Verma Sinha as first woman CEO, chairperson of Railway Board
Indian Railway Management Services (IRMS), Member (Operations & Business Development), Railway Board to the post of Chairman and Chief Executive Officer (CEO), Railway Board in thn Apex scale [Pay Level -17 as per 7th CPC] for a period w.e.f. the date of assumption of charge on or after 01.09.2023 till the date of her superannuation and her re-employment on the post w.e.f.
31.08 / 09:49
Blockchain
Ethereum
Citi
Reuters
ETF
Strategy
Bitcoin
Hong Kong Crypto
'Altcoins' central to Hong Kong crypto firm Hashkey's first liquid fund
Hashkey Capital will invest a significant part of its assets in second-tier cryptocurrencies, with a goal of outperforming market leader Bitcoin, its portfolio manager said. The fund, run by the investment arm of Hong Kong crypto giant Hashkey Group, launches on Friday. It has already secured potential clients, mainly high-net-worth individuals and investment firms serving rich Asian families, Jupiter Zheng told Reuters. Less than 50% of its investments will be in Bitcoin and Ethereum, the two biggest crypto currencies.
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