China Financial News

«The escalation of US bond yields is expected to limit the influx of foreign investments into the Indian market, further impacting market dynamics,» said Vinod Nair, Head of Research at Geojit Financial Services. «The market has been witnessing pressure on account of weak global cues especially because of the faltering of the Chinese economy and Fitch's warning to downgrade US mid sized banks. We expect this weakness to persist in the market in the near term in the absence of any positive trigger,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19700 zones while an immediate trading range was in between 19200 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 16.5 points, or 0.09 per cent, higher at 19,299.50, signaling that Dalal Street was headed for positive start on Friday.

Investing.com-- Japanese consumer inflation grew slightly more than expected in July as renewed weakness in the yen drove up import costs, with the reading now pointing to more pressure on the Bank of Japan to tighten policy.

Investing.com-- Oil prices were muted in Asian trade on Friday, but were set to snap a seven-week winning streak as fears of a Chinese economic slowdown and rising U.S. interest rates clouded the outlook for demand. 

By Devayani Sathyan

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

BEIJING — Corporate earnings releases are picking up on a few bright spots for China's consumer in a competitive market where people are less willing to open their wallets.

After a market-wide crash that saw Bitcoin hit as low as the $24,000 region on derivatives exchanges - in the largest liquidation event since the FTX collapse - surprise news hit.

rupee closed at an all-time low versus the dollar Thursday as the likelihood of a prolonged phase of higher US interest rates and deepening concerns over the Chinese economy prompted global investors to reduce exposure to emerging market currencies. The rupee closed at 83.15 per US dollar on Thursday versus 82.95 per dollar at previous close. The previous record closing low for the Indian currency was 83.02 per dollar on October 19, 2022.

By Andrew Hayley

By Jonathan Stempel, Dietrich Knauth and Manya Saini

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said the West’s pursuit of material wealth led to “spiritual poverty.”

(Reuters) -Semiconductor equipment maker Applied Materials (NASDAQ:AMAT) on Thursday forecast fourth-quarter results above market estimates on strong demand from chipmakers setting up new plants.

Little League World Series, a significant event for young baseball players worldwide, is set to take place from August 16 to 27 in Williamsport, Pennsylvania. It will feature 10 U.S. regional champions and 10 international regional winners, totaling 20 teams. The series consists of 38 games scheduled over a 12-day period, concluding with the championship game on August 27. Viewers can watch the games live on ESPN, ESPN2, or ABC. The tournament will run every day from August 16 to 27, except August 25, which is a designated off-day for the teams. Streaming options include Sling TV via subscription and FuboTV with a free trial. Additionally, games can be accessed on ESPN+ but require a cable login.

(Reuters) — Pfizer Inc (NYSE:PFE) said on Thursday its updated COVID-19 shot, which is being tested against emerging variants, showed neutralizing activity against the «Eris» subvariant in a study conducted on mice.

long period average (LPA), rainfall has gone down to 6% below LPA in the last two weeks of August in India. While soil moisture and reservoir levels have risen during July and sowing is almost over, agricultural experts are concerned about the yield of some crops such as pulses and spices in case a prolonged dry spell adds to inflationary pressures.

UBS report released on Thursday. While the report noted that no single country can replicate China's success in manufacturing, it said India could benefit from supply chain shifts and reforms, which could also result in job creation. «Growth could rise to 6.25-6.75% YoY by 2030 under an optimistic scenario and 6.75-7.25% YoY under a blue-sky scenario, leading to job creation,» Tanvee Gupta Jain, chief India economist, UBS, said.

On August 16, Bitcoin (BTC) closed below $29,000 for the first time in 56 days. Analysts quickly pointed to this week’s FOMC minutes, which expressed concerns about inflation and the need to increase interest rates, as the likely cause.

diamond industry is in the middle of a major upheaval. Many people have lost their jobs and some have taken their lives. Mint looks at the issue that is plaguing India’s diamond city and the reasons behind this crisis.

Apple's production in India of the iPhone 15, slated for launch next month, sends out a strong message of intent about its desire to diversify out of China. Near-simultaneous release opens up scope for iPhone shipments from India. By closing the delay in production in the two countries, Apple's contract manufacturers are demonstrating capability to retool supply chains.

Piyush Goyal on Thursday said that there are security concerns involved in the decision to restrict import of laptops. The minister said that there will be no disruption in the availability or the price and the government will be ready to engage with industry and look at other options also. «Here is an issue, which is a serious security matter.

Samsonite has grown close to 40 per cent in the first half of 2023 and it aims to touch Rs 3,600 crore sales by December, a top company official has said. Samsonite, having 35 per cent share in the Rs 15,000-crore domestic organised luggage market, leads the premium segment with its various products labelled with the original name as well as under the brand of American Tourister.