China Financial News
16.08 / 14:17
BLOCK
Aware
country
Explainer
Mint Explainer: What is the battle over BRICS common currency?
international trade and finance. – Some experts have speculated that a BRICS currency may grow to challenge the dollar’s eminence in the global economy.
16.08 / 13:21
inflation
Deflation
equity
emerging markets
reports
Chinese fund houses told to limit equity sales as economic slowdown worsens - reports
The instructions were reported to have been relayed to fund managers through investment executives at those firms, said a person familiar with the matter.
16.08 / 13:21
Europe
US
Bank of America
Tech
Recession
BofA: European recessionary fears remain as managers bet against global downturn
Earnings per share is widely expected to drop across the continent (89%), with those viewing European equities as overvalued rising to a three-year high at net 29%.
16.08 / 13:21
Asia
Bank of America
emerging markets
BofA: Investors lift economic expectations for Asia despite long-term concerns over China
Longer-term pessimism for China is still intact as 84% of BofA respondents brace for a structural de-rating.
16.08 / 12:55
UPS
FIVE
Progressive
NIFTY
Fitch
show
Indian
FIIs snap selling streak as markets settle marginally higher; DIIs invest ₹2,406 crore in Indian equities
₹2,406 crore during Wednesday's session. As per the NSE data, FIIs cumulatively bought ₹21,055.98 crore of Indian equities, while they sold ₹20,333.22 crore --- resulting in an inflow of ₹722.76 crore. Meanwhile, DIIs infused ₹7,967.77 crore and offloaded ₹5,571.48 crore, registering an inflow of ₹2,406.19 crore.
16.08 / 12:55
Manufacturing
Platform
Mobile
BMW
Apache
Celebrity
A decade of Triumph: TVS Motor Company and BMW Motorrad celebrates 10 years of strategic partnership
Started in 2013, TVS Motor Company and BMW Motorrad have commemorated a decade of their robust and strategic partnership within the realm of two-wheelers. Spanning over product development, design, technology, knowledge sharing, and developing common platforms for both their global customers, the strategic partnership between the two companies have achieved a series of milestones globally, said the company in a statement.
16.08 / 12:45
16.08 / 12:27
Mining
scam
Legal
Fraud
Court
Filecoin
Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
16.08 / 12:19
Racing
Tesla
CNY
performer
country
Time
Tesla cuts prices in China for second time in three days as price war fears mount
Investing.com — Tesla (NASDAQ:TSLA) has announced its second price cut in China in three days, further fueling worries of a potential price war in the country's lucrative electric vehicle (EV) market.
16.08 / 12:19
Provident
Target
DAX
Fitch
show
Drop
inflation data
European stocks edge higher, helped by sharp drop in U.K. inflation data
Investing.com — European stock markets stabilized Wednesday, with investors digesting better than expected U.K. inflation numbers, more corporate earnings as well as China’s deteriorating economic outlook.
16.08 / 12:19
16.08 / 12:19
UPS
Provident
Target
Manufacturing
coinbase
Tesla
fall
Target, Cava and Coinbase rise premarket; Tesla, Tower Semiconductor fall
Investing.com — U.S. futures traded just higher Wednesday, with investors wary ahead of the release of the minutes from the last Federal Reserve meeting, which could provide future monetary policy guidance.
16.08 / 12:19
UPS
Manufacturing
Volkswagen
Tesla
Continental
stage
Tesla Vs. VW: Which Is the Better Buy as Battle For European EV Market Heats Up?
In recent years, the popularity of electric cars has surged across China, the United States, and Europe. This surge is attributed to the green revolution, which is particularly emphasized in the old continent.
16.08 / 12:19
CEO
independence day
Band-Aid sales on Zomato-owned Blinkit doubled on Independence Day; here's what CEO Albinder Dhindsa said
Delhi government had instructed all concerned departments to ban the use of Chinese manjha in the national capital. (With inputs from ANI, PTI)
16.08 / 12:19
16.08 / 12:19
UPS
Target
UBS
China will strengthen policy coordination to meet growth target - state media
BEIJING (Reuters) — China will strengthen the coordination of various policies to boost growth and meet this year's economic target, according to a cabinet meeting cited by state media on Wednesday.
16.08 / 11:37
Citi
Target
Manufacturing
TikTok
show
beautiful
social
NOT
Estée Lauder’s Big Bet on China Is Looking Not So Pretty
TikTok phenomenon in the U.S. to respond faster to trends and keep rebalancing the distribution of its products to continue betting on its retail partnerships with Ulta Beauty, Target and Sephora-Kohl’s ventures, where mass beauty brands top sales. Indie brand e.l.f.
16.08 / 11:37
UPS
JPMorgan
Chase
MSCI
country
index
China markets set to erase gains seen since July politburo meet; MSCI China index drops over 1%: Report
banking system have been triggering the recent selloff in the Chinese markets. Worries surfaced over likely deflationary pressures threatening to undermine corporate profits and reduced potential returns.
16.08 / 11:37
COST
UPS
Tesla
Tesla announces second round of price cuts in China
Tesla Model S sedans and Tesla Model X sport utility vehicles in its inventory by up to 70,000 yuan ($9,600), bringing the costs down to 754,900 yuan and 836,000 yuan respectively. This adjustment was detailed in an announcement shared on its official WeChat account on Wednesday. This move follows closely after Tesla's reduction of prices for the Long Range and Performance versions of the Model Y SUV by 14,000 yuan, and an extension of insurance subsidies for the base variant of the Model 3 sedan until the end of the upcoming month.
16.08 / 11:35
UPS
Waters
show
country
Rice edges lower as key Asian buyers seek to build stockpiles
Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies. Thai white rice 5% broken — an Asian benchmark — slipped to $612 a ton on Wednesday, according to data from the Thai Rice Exporters Association. Prices are still up 20% this year after surging to the highest since 2008 last week.
16.08 / 11:23
Disney
Action
Adventure
love
Celebrity
social
Netflix unveils a captivating August lineup: Depp v. Heard, Guns & Gulaabs, and more
Netflix is gearing up for a dynamic month ahead with many new movies and web series set to captivate viewers. From explosive documentaries to animated adventures and captivating romances, here's a sneak peek into what's in store.
what's happening in China
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