China Financial News

BRICS countries, which was held in South Africa, received unprecedented international attention. Some commentators even invoked the Bandung conference of 1955, where leaders of India, China, Indonesia, Egypt and Yugoslavia launched the non-aligned movement (NAM). It seemed as though another generation of leaders, this time from Brazil, Russia, India, China and South Africa, were building an alternative to the US-dominated global order.

Indian government has appointed Geetika Srivastava, joint secretary (Indo-Pacific) in the external affairs ministry, to head the post of chargé d’affaires in the Indian high commission in Islamabad, said a report by Hindustantimes.com citing people familiar with the matter. She will be the first woman diplomat to hold this post in the Indian high commission in Islamabad.

Here's how analysts read the market pulse: «The highly anticipated Jackson Hole meeting didn’t bring much surprise. The Fed chair expressed satisfaction with the progress of policy measures and reiterated its commitment to managing inflation within target bounds.

Russia and China, a paragraph on the war in Ukraine was classified as 'Chair Summary', while remaining 16 paragraphs became part of the 'Outcome Document' that was unanimously adopted by all the member countries, said an official release. Chief science advisers and the nominated equivalents from G20 members and guest countries met during the day at Mahatma Mandir here for the second meeting of the G20-Chief Science Advisers' Roundtable under India's G20 presidency. «We are very hopeful and convinced that the next presidency of Brazil will take it forward. In this roundtable, the focus was on three themes — One Health for better disease prevention, control, and pandemic preparedness, efforts to expand access to scholarly scientific knowledge and ensuring diversity, equity, inclusion, and accessibility in science and technology ecosystem» Ajay Kumar Sood, Principal Scientific Adviser to the government, said at a press conference. All the member countries collectively deliberated on these issues and expressed commitment towards fulfilling these common priorities, Sood added. «We recognise that interdependent health threats to human, animal, plant and environmental health should be addressed collectively through the One Health approach.

By Howard Schneider

Chandrayaan 3 near the south pole, a bizarre video has surfaced in which a purported student of a madrassa in Pakistan asserts that the moon and sun revolve around the earth. In the video, which has now gone viral on social networks, a reporter asks the'student' if science and English are taught in the madrassas. She then asks the student if the earth is round or flat, and the teenager says neither.

China took steps to bolster its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen demand. China halved stamp duty on stock trading in its latest attempt to boost struggling markets. The market is also keeping an eye on Tropical Storm Idalia and any risk it poses to oil and gas output in the U.S.

Bitcoin (BTC) recovered its weekly close losses on Aug. 28 as risk assets rose on China tax cuts.

Tiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform Zomato by selling its entire stake via bulk deals on Monday. Under the transaction, the US hedge fund has offloaded 12.3 crore shares or 1.47% stake in the company on BSE at Rs 91.01 apiece, earning about Rs 1,123 crore. Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction. Meanwhile, another Russia-based fund Apoletto Asia has sold 3.19 crore shares in a separate deal on NSE, according to exchange data. Earlier, it was reported that Japanese tech giant SoftBank was likely to offload Zomato shares as the lock-in for the post-Blinkit deal ended on Friday. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year.

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Investing.com — China slashes a levy on stock trading in a bid to reinvigorate capital markets and boost investor confidence. Shares in the country rise following the announcement, although ailing property group Evergrande's shares slide sharply after they start trading for the first time since March 2022. Meanwhile, 3M's stock climbs in premarket trading on reports that the industrial conglomerate has reached a settlement over personal injury claims related to earplugs it has sold to the U.S. military.

(Reuters) — U.S. stock index futures edged higher on Monday, with investor focus on key inflation data and employment readings that are due later this week for further clues on the Federal Reserve's interest rate trajectory.

BEIJING (Reuters) — The United States and China agreed to launch an export control enforcement information exchange and a new working group on commercial issues, the U.S. Commerce Department said on Monday, giving Beijing a potential forum to express concerns.

Hedge funds’ bullish bets in emerging-market equity futures have risen to the highest since the gauge’s pandemic low three years ago, signaling budding optimism for the asset class.

European stocks started the week on a positive note, tracking Friday’s gains on Wall Street following cautious comments from central bankers at Jackson Hole. China’s support measures for its equities market helped lift sentiment.

Nifty snapped their two-day losing run on Monday on gains in select heavyweights, including HDFC Bank, Larsen & Toubro and Mahindra & Mahindra amid largely positive global cues after China announced steps to give a boost to its market. China cut the stamp duty on stock trading by fifty per cent, starting Monday. Besides, it also said it will slow the pace of initial public offerings (IPOs).

China is set to lift the requirement for incoming travelers to provide a negative COVID-19 test result starting Wednesday. This move marks a significant milestone in the country's efforts to ease the stringent virus-related restrictions that have been in place since early 2020. The announcement was made by Foreign Ministry spokesperson Wang Wenbin during a briefing on Monday.

free trade in the belief that it would liberalize China. But Biden maintained much of his predecessor’s tough policies toward Beijing. Tariffs remained in place.

Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.

Falling prices for steel-making coal has forced Bowen Coking Coal to rethink the future of a mine it bought only two years ago.

«I think institutions have been selling the stocks since a while. Like if you see in cash market, there are sellers and derivatives also,» says Aditya Arora, Adlytick.Is it just a matter of time that we fall below that level or will it not be as easy as bears are thinking to pull the market towards 18900 or there about?I think institutions have been selling the stocks since a while. Like if you see in cash market, there are sellers and derivatives also.