China Financial News

17.08 / 07:37

UPS Citi Enterprise Forbes country China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

17.08 / 07:25

Provident evacuation National Indian Mumbai Indian Coast Guard carries out successful mid-sea medical evacuation of Chinese national off Mumbai

Maritime Rescue Coordination Centre in Mumbai received information that one of the crew, named Yin Weigyang, onboard the research vessel had suffered a cardiac attack and required urgent medical attention. Communication was established with the vessel which was en-route from China to the United Arab Emirates and provided necessary telemedicine advice.

17.08 / 07:25

Assurant performer country Cash-strapped Sri Lanka to receive help from China ahead of IMF bailout plan in September

Cash-strapped Sri Lanka is likely to get help from its largest bilateral creditor China ahead of IMF's bailout plan. According to the PTI agency report, China has assured the island nation it will address the debt challenges before it finalises the external and domestic debt restructuring of $41 billion by September before the International Monetary Fund (IMF). The IMF is set to conduct its first review of the $2.9 billion bailout granted to Sri Lanka in March this year from 11-19 September.

17.08 / 06:09

UPS Citizens Immunic country social China’s deepening property crisis threatens trouble

housing crisis turns three this month, if measured by the introduction of the government’s “three red lines" policy, which sought to limit leverage. Throughout, officials have struggled to manage confidence and expectations. At the start, few observers believed Evergrande could collapse, and that the government might fail to put a stop to the pain.

17.08 / 06:05

Target Action Shell Inside gone National Rs 1,400-crore gone in just 9 days: Chinese national dupes 1,200 in Gujarat through football betting scam

betting scam involving a Chinese national who collaborated with people in Gujarat to develop a football betting application. As per a TOI report, this app managed to ensnare around 1,200 victims from north Gujarat, leading to a staggering loss of approximately Rs 1,400 crore in just a span of nine days.

17.08 / 05:21

Provident Cooper Williams Racing Strategy Warning Chinese defence minister's warning: 'Playing with fire on Taiwan question...'

William Lai for making stopovers in the United States calling him a «troublemaker», China’s Defence Minister Li Shangfu on Tuesday cautioned against “playing with fire” when it comes to Taiwan, Chinese Defence Ministry reported. In an apparent attack at the US, Li cautioned any attempts to “use Taiwan to contain China,” and said it would “surely end in failure,” China's defence Ministry said in a statement and Xinhua news Agency quoted.

17.08 / 04:47

UPS Compilation electronic Lenovo Q1 revenue misses, hit by poor PC demand

HONG KONG (Reuters) — China's Lenovo Group (OTC:LNVGY) on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers.

17.08 / 04:47

UPS Lowe's FIVE Yellow show boost Low Gold Prices Gold prices hit 5-mth low as U.S. rate risks boost dollar, yields

Investing.com-- Gold prices steadied in Asian trade on Thursday, and were nursing three days of losses as hawkish signals from the Federal Reserve boosted the dollar and heralded more pain for the yellow metal.

17.08 / 04:47

Reuters Ripple Enterprise show asset manager Chinese asset manager Zhongzhi says it is in liquidity crisis -meeting video

SHANGHAI (Reuters) -Zhongzhi Enterprise Group on Thursday told investors it is facing a liquidity crisis and will conduct a debt restructuring, according to video footage of a meeting, as the Chinese asset manager grapples with a deepening property market downturn.

17.08 / 04:47

UPS Lowe's Reuters Gap show Support Chinese yuan Asia FX dips on Fed concerns, Chinese yuan sees intervention support

Investing.com-- Most Asian currencies fell on Thursday after the minutes of the Federal Reserve’s July meeting presented a hawkish outlook on interest rates, while the Chinese yuan rose amid reports of currency market intervention by the state.

17.08 / 04:47

Lowe's COMPOSITE Fitch KOSPI show country Asian stocks Asian stocks sink as Fed fears batter tech, China concerns grow

Investing.com-- Most Asian stocks fell on Thursday after hawkish signals from the Federal Reserve spurred deep losses in technology stocks, while weak economic readings fueled more concerns over a Chinese economic slowdown.

17.08 / 04:07

UPS Provident Target Extreme performer country boost What stimulus measures can we expect from China to boost economy? Arnab Das answers

«I agree things are not as great as had been hoped. I think gloom and doom is perhaps overdoing it quite a bit. There are clearly headwinds and challenges that most people in markets had not expected,» says Arnab Das, Global Market Strategist — EMEA, Invesco.A lot of gloom and doom over what is clearly a worrying trend on the Chinese economy. How much fear do you think investors need to harbour? How many red flags do you see, without any pun intended, but how much fear should investors factor in right now, looking at these macro trends that are emerging in China?Listen, I agree things are not as great as had been hoped.

17.08 / 03:47

UPS Provident Fallout Enterprise country cover audit KPMG tapped to audit $215b Chinese shadow banking giant

The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG to conduct an audit of its balance sheet, people familiar with the matter said.

17.08 / 03:35

CEO Walmart performer track star Sam International Walmart promotes CEO of Sam's Club to head International division as Judith McKenna retires

Walmart Inc on Wednesday promoted Kathryn McLay, CEO of its Sam's Club unit, to head its $100 billion international business at a time when high inflation is squeezing spending in many global markets and China's economy is slowing. McLay, a 49-year-old Australian considered a star within the U.S. company's ranks, will take over the division on Sept.

17.08 / 03:25

Progressive country Chandrayaan-3 mission nears final landing as Vikram lander set to begin separate journey today

ISRO's lunar spacecraft will break away from the propulsion module. Vikram will have to be put in the elliptical orbit and ISRo will carry out manoeuvres, helping to achieve this. According to a report by the Times of India, the manoeuvres will eventually put Vikram in an orbit where the Perilune (closest point to the Moon) is 30 km and Apolune (farthest point from Moon) is 100 km.

17.08 / 03:05

ANZ show Oil prices Oil prices down on weaker growth in China, US rate hike jitters

Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest rate hikes weakening fuel demand in the world's two biggest economies.

17.08 / 03:05

Williams Action Software ByteDance TikTok show social Close to half of Americans favor TikTok ban: Reuters-Ipsos poll

China. TikTok, owned by Chinese tech giant ByteDance and used by tens of millions of Americans, has faced calls from U.S. lawmakers for a nationwide ban over concerns about possible Chinese government influence.

17.08 / 03:05

Lowe's Target Nov MSCI show performer Asian stocks Asian stocks hit 9-month lows on worries over China economy, US rates

MSCI's broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov. 29. It was last down 1.14% at 497.11, with the index down 8% for August and set for its worst monthly performance since September.

17.08 / 02:53

UPS Target FIVE NIFTY SENSEX Day trading guide for today: Five stocks to buy or sell today — August 17

Day trading guide for today: For second day in a row, Indian stock market opened lower but witnessed sharp recovery ahead of the market close. Key benchmark indices Nifty and Sensex ended higher whereas Bank Nifty continue to bleed on fifth day in a row. NSE Nifty added 30 points and closed at 19,465 levels, BSE Sensex went up 137 points and ended at 65,539 mark.

17.08 / 02:35

UPS Provident Reuters show Time fall Japan exports fall for first time since 2021, stoking concerns about outlook

By Tetsushi Kajimoto

17.08 / 02:35

UPS Lowe's show country Oil prices Low week Oil prices hit two-week low on China fears, hawkish Fed outlook

Investing.com-- Oil prices fell to a two-week low in Asian trade on Thursday, extending recent losses as markets fretted over an economic slowdown in China, while strength in the dollar also weighed amid continued signs of a hawkish Federal Reserve.

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