China Financial News

Nio Inc (NYSE:NIO) shares rose about 3% in early Tuesday trade after the Chinese electric vehicle (EV) maker reported its financial results for the second quarter.

The top Chinese official in charge of economic relations with Washington has told Commerce Secretary Gina Raimondo he's ready to “make new positive efforts” to improve cooperation following an agreement to reduce trade tension

Nifty ended in the green for the second consecutive session on Tuesday, supported by gains in the shares of select heavyweights, including HDFC Bank, Larsen and Toubro and Tata Steel amid positive global cues. However, losses in shares of Reliance Industries (RIL), Bharti Airtel and ICICI Bank capped the gains of the key indices. Global cues were largely positive.

renewable energy capacity by 2030, India is also looking at becoming a manufacturing hub of solar modules and cater to both domestic and global demand. Although the government has come up with incentive schemes and domestic developers have grown up the reliance on China for upstream components continues. Here is a look at how India aims to become a solar PV manufacturing hub.

By Ben Blanchard and Yimou Lee

₹90,000 per kg by December 2023, analysts said. The gold-silver ratio was around 85 in the beginning of August, now has come down to around 79.1. The gold-silver ratio is a metric used to understand the relationship between the values of gold and silver.

Jason Soans, Lead Research Analyst, IDBI Capital Markets, says “earlier there was a lot of dumping and now this China dump has proved to be unsustainable and hence there is some support for soda ash prices. Also, capacities, utilisation and inventory levels have come under control. Hence, soda ash prices have found some support leading to an uptick in prices. Tata Chemicals and GHCL as the largest domestic producers of soda ash, have been benefiting from the uptick in prices.”Let us discuss the pricing of various chemicals because that seemed to be on an uptick. Let us start with soda ash itself because we are seeing the likes of GHCL as well as Tata Chemicals doing quite well. What has been your reading of how the prices are moving?Soda ash prices have risen from around $285 per tonne to around $373 per tonne, which is a good and a sharp up move.

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The federal government will pour billions of dollars into Western Australia’s north-west energy grid to spur a private sector transition to renewable power in the state’s mining heartland.

Lynas Rare Earths blames inflationary pressures, approval delays and deadlines imposed by Malaysian authorities for a big cost blowout on a downstream processing plant under construction in Western Australia.

By David Shepardson

By Tom Westbrook

TOKYO (Reuters) -Japan threatened on Tuesday to take China to the World Trade Organization to seek a reversal of Beijing's ban on all of its seafood imports after the release of treated radioactive water from the stricken Fukushima Daiichi nuclear power plant.

European shares opened higher on Tuesday, with mining stocks leading gains tracking strength in metal prices, while NN Group soared after reporting first-half results. By 0710 GMT, the pan-European STOXX 600 gained 0.6%, its highest in two weeks. European miners added 1.7% as copper prices rose on a softer dollar and policy support from top consumer China. China's finance ministry said in a brief statement on Sunday that it was reducing the 0.1% duty on stock trades. NN Group advanced 8.4% after the Dutch insurer said its capital position had improved in the first six months of 2023. Real-estate stocks jumped 1.7% in early trade. UK's FTSE 100 rose 1.3% as London investors returned after a public holiday on Monday.

BRICS countries to reach an understanding with China on the issue of cross-border terrorism, said the State Bank of India (SBI) in a new research report. The report stated that there is a need for India and China to increase cooperation on issues like river water (Brahmaputra) data sharing, entry of Indian pharmaceutical companies into China, etc.

Gender discrimination and traditional stereotypes of women caring for their children are still widespread throughout the country. Low consumer confidence and growing concerns over the health of China’s economy are also key factors cited by young Chinese for not wanting to get married and have children.

weaker than expected, and property developers are caught in an unprecedented wave of defaults and restructurings. China’s trusts, which channel funds from investors to infrastructure, property and other opportunities, are exposed to both developments. Although Xinhua’s bankruptcy has been relatively straightforward, a bigger blow-up may be on the way at Zhongrong, one of the country’s largest trusts, which missed payments to clients in mid-August.

Also Read: Current market offers a great accumulation opportunity; concerns over IT sector overblown, says Karan Doshi of LIC MF With improved supply conditions, coking coal prices are expected to moderate and drive EBITDA margin improvement for steel players. The brokerage believes JSW Steel, Jindal Steel & Power Ltd (JSPL) and Tata Steel are well placed to benefit from upcoming capacities. With the government’s increasing shift towards using stainless over carbon steel, usage has increased in India benefiting Jindal Steel.

Mineral Resources is in talks with car makers about joining forces in lithium after ditching battery chemicals giant Albemarle as a partner in processing as it tries to divert its mineral output away from China.

Indian rupee was little changed on Tuesday after surrendering its opening gains due to the dollar demand from corporates, traders said. The rupee was at 82.6325 to the U.S. dollar by 10:46 a.m.

Asian shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports