China Financial News

29.08 / 05:35

COST Williams CEO Strategy performer Lark banks on luxury drinkers to get it out of the red

The new chief executive of Tasmanian whisky company Lark Distilling Co expects high-end drinkers to keep spending in tougher economic times in Australia, as he banks on an expansion into Asia to reverse a tumble into the red.

29.08 / 05:13

UPS CEO Platform Oracle ByteDance TikTok TikTok's US future still in limbo as commerce secretary visits China

Gina Raimondo's visit to China is putting a spotlight on the future of TikTok in the United States, where criticism of the app and its ties to Beijing reached a fever pitch this year. Despite the intense pressure on the popular short-form video app, which is owned by Chinese technology company ByteDance, efforts to ban or regulate it in Washington have not borne fruit. And even with all that scrutiny, Raimondo is not planning to discuss TikTok while in China, a glaring omission that reflects the impasse at which it has left the Biden administration. The administration has been stymied by how to deal with TikTok even as intelligence officials have warned that it poses a national security threat.

29.08 / 05:07

COST Lowe's Target FIVE Manufacturing electronic Current market offers a great accumulation opportunity; concerns over IT sector overblown, says Karan Doshi of LIC MF

Given the longer-term growth story of Indian markets and current reasonable valuation levels, investors have an opportunity to accumulate quality stocks at the current juncture, said Karan Doshi, Fund Manager and Senior Equity Research Analyst of LIC Mutual Fund, in an interview with Mint. He underscored one should invest in companies with good corporate governance, a healthy balance sheet, strong growth potential over the next three to five years and valuations at reasonable levels. Edited excerpts: Indian economy is at an inflexion point that marks the start of a new virtuous growth cycle.

29.08 / 04:55

ETF AXY performer Lost 9 sectoral/thematic schemes that lost the most in 2023

These nine schemes were from the international fund category. The schemes lost around 8% in this year till date. The schemes that lost the most were Edelweiss Greater China Equity Off-Shore Fund and Mahindra Manulife Asia Pacific REITs FOF. Both schemes lost around 7.78%. Edelweiss Greater China Equity Off-Shore Fund, on a yearly return basis, has given negative returns in 2015, 2018, 2021, and 2022 in the 10 year horizon. In 2020, the scheme delivered 57.36% returns. Mahindra Manulife Asia Pacific REITs FOF was launched in October 2021. Based on yearly returns, the scheme has offered negative returns in 2021 and 2022.

29.08 / 04:55

UPS Citi Fighting Strategy country Post-pandemic, world facing gloomy stew of debt, trade wars and poor productivity

That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. It explored issues like the outlook for technological innovation, public debt, and the state of international trade at a time when the Russian invasion of Ukraine and conflict between the U.S.

29.08 / 04:53

UPS Reuters Mobile Tesla show China's BYD H1 profit triples as deliveries break record

BEIJING (Reuters) — China's BYD Co (SZ:002594) Ltd on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand.

29.08 / 04:17

COST Provident Strategy country foreign tax breaks China extends tax breaks for foreign workers until 2027

BEIJING (Reuters) — China will extend preferential tax policies for foreign nationals working in the country through to the end of 2027, the finance ministry said on Tuesday, in a boon to foreign firms struggling to attract talent post-COVID.

29.08 / 04:17

UPS Lowe's COMPOSITE country Asian stocks Asian stocks rise as China shares push higher on stimulus hopes

Investing.com-- Most Asian stocks rose slightly on Tuesday as markets awaited a barrage of key economic readings this week, while a rally in Chinese shares extended into a second session amid speculation over more stimulus measures.

29.08 / 04:17

Provident Lowe's Gap country Asia FX creeps higher as dollar weakens ahead of U.S. data deluge

Investing.com-- Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week.

29.08 / 04:09

UPS Target Citizens CLAM country Japan asks China to urge citizens to halt harassment after start of Fukushima wastewater release

Japanese Prime Minister Fumio Kishida has asked China to urge its citizens to halt acts of harassment, including crank calls and stone throwing at Japanese diplomatic facilities and schools, in response to Japan's release of treated radioactive wastewa...

29.08 / 02:53

Strategy BAY RBC show tenor Asian stocks economic data Asian stocks climb with economic data in focus

Asian stocks broadly rose after US equities moved higher, with traders awaiting a raft of economic figures over the next few days for clues on the outlook for global central bank policy. An Asian equity gauge climbed 0.5%, supported by gains in Hong Kong, Japan and Australia. Shares in mainland China fell at the open, before heading into positive territory.

29.08 / 02:25

Reuters Action Intel Micron country lawmaker US lawmaker speaks with Chinese minister on concerns about tech giants Intel, Micron

semiconductors, a critical component in modern technology. One of the pivotal subjects discussed was the United States' firm stance against China's de facto embargo on purchasing Micron Technology memory chips.

29.08 / 02:03

country After G20 Summit in Delhi, Joe Biden to visit Vietnam for bilateral ties

G20 Summit in New Delhi, US President Joe Biden will commence his one-day visit to Vietnam on September 10. He will travel to Hanoi, the Vietnamese capital, to meet with General Secretary Nguyen Phu Trong and other leaders.

29.08 / 02:03

UPS Strategy NIFTY SENSEX Nikkei KOSPI US stocks 5 things that changed for market overnight: Gift Nifty, US stocks, Japan's jobless rate to global cues for Sensex today

Indian stock market is expected to open on a strong footing Tuesday led by positive global cues as Asian markets traded higher, while the US stocks also gained overnight. Investors await the release of key economic data this week that will guide the market going ahead. On Monday, the domestic benchmark equity indices Sensex and Nifty ended higher, snapping two-day losing streak, amid largely positive global cues after China announced steps to give a boost to its market.

29.08 / 02:03

Platform Align country Joe Biden and Lula to urge for enhanced worker protections at UN meeting

Bloomberg News that the leaders “will launch a kind of manifesto calling attention to the need to improve labor relations," that would touch on work environments and pay. Scheduled for September 19, the meeting will follow the addresses of both presidents to the General Assembly.

29.08 / 01:43

open China Evergrande shares set to open down 14.3%

HONG KONG (Reuters) — Shares of China Evergrande (HK:3333) Group are set to open down 14.3% on Tuesday, exending losses from the previous day when the embattled developer lost $2.2 billion, or 79% of its market value.

29.08 / 01:33

Extreme country Oil prices dip with econ data, storm-driven supply risks in focus

Investing.com-- Oil prices fell slightly in early Asian trade on Tuesday as traders awaited a slew of economic readings from major oil importers this week, while focus also remained on potential supply disruptions from Tropical Storm Idalia.

29.08 / 01:17

COST IPO Siemens Manufacturing electronic Rishabh Instruments holds promise in energy efficiency

Rishabh Instruments, a maker of a wide range of electrical measurement instruments and process optimisation equipment, plans to raise ₹491 crore from an initial public offer. It comprises a fresh issue of ₹75 crore that would be used for capacity expansion at its Nashik facility and an offer of sale of ₹415 crore from promoters and investors. The promoter holding would drop to 70.6% post-IPO from 80.67%.

29.08 / 01:09

show Oil steady as supply concerns offset worries over demand

By Arathy Somasekhar

29.08 / 00:11

UPS Provident country Latin CAF offers $600 million in counter-guarantees for Brazilian exports to Argentina -ministers

BRASILIA (Reuters) — Latin America development bank CAF has offered $600 million in assistance to counter-guarantee payments for Brazilian exports to Argentina to secure trade flows, ministers from both countries said on Monday.

28.08 / 23:47