China Financial News

16.08 / 05:59

UPS Citi FIVE Booking Parke MCD G20 summit in Delhi: From 35 hotels booked to cleanliness drive from today; preparation begins for 9-10 Sept meet

News18 has reported citing local sources. The five star hotels which is reportedly to host the top dignitaries of the world include Taj Mahal, Taj Palace, Maurya Sheraton, Le Meridien, Shangri-La, Imperial, Oberoi, Leela, sources told the daily. Speaking about where the top leaders will be staying, top sources told News18 that US president Joe Biden is likely to stay at ITC Maurya whereas Chinese President Xi Jinping at Taj Palace.

16.08 / 05:31

UPS Provident Aware Manufacturing Platform Thyssenkrupp country Deal Indian Germany, Spain join Mazagon Dock Shipbuilders in contest for $4.8 billion Indian submarine deal

defense manufacturing giants are seeking to win a Rs Rs 40,000 crore ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private.

16.08 / 04:13

UPS Aviat Waters Action ETN Rust exclusive Major restructure sees China's PLA air force take over naval aircraft

China Sea, and in the recent transfer of naval aviation assets into the hands of the PLA Air Force. On 5 August, forces of the PLA Navy (PLAN), China Coast Guard (CCG) and People's Armed Forces Maritime Militia combined to prevent Philippine Coast Guard vessels from resupplying a dozen marines aboard BRP Sierra Madre, a rusting vessel that forms a Philippine military outpost at Second Thomas Shoal in the Spratly Islands.

16.08 / 04:13

UPS country Myanmar eyes surge in rice exports after India curbs supply

Myanmar expects rice exports to surge in coming months as curbs on Indian sales and a spike in Thai and Vietnamese prices force buyers to hunt for other origins. The tightening in global supply should help revive the Southeast Asian nation’s rice shipments, which slumped 56% in the first four months of the fiscal year, and bring it closer to its annual goal of earning $1 billion from exports of the grain, Ye Min Aung, president of the Myanmar Rice Federation, said in an interview last week.

16.08 / 04:13

UPS Citi Yellow DXY voice Indian Gold Prices Gold Rate Today: Gold prices loose sheen amid dollar strength. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

yellow metal which is now trading in an oversold zone. The DXY was trading at 103.19, albeit with a negative bias. The MCX October gold futures were trading with losses at Rs 58,812 per 10 grams on the MCX in the opening trade, down Rs 162 or 0.27%.

16.08 / 04:09

UPS Manufacturing Intel country electronic Intel to walk away from $5.4 billion acquisition of Tower Semiconductor

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said.

16.08 / 02:33

country Updates Chandrayaan-3 LIVE Updates: ISRO's lunar mission goes on, orbit circularisation phase completed

Check all the LIVE updates on Chandrayaan 3 mission here. Chandrayaan 3 Live: With the launch of Chandrayaan-3, the Indian Space Research Organisation (ISRO) is embarking to achieve a successful soft landing on the Moon.

16.08 / 01:55

UPS Waves Lowe's show country Rate Cut President Xi under pressure to take bold steps as China's economy slows after surprise rate cut

People’s Bank of China on Tuesday lowered the rate on its one-year loans — or medium-term lending facility — by 15 basis points to 2.5%, the steepest cut in three years. The move came shortly before the release of July data that showed weak consumer spending growth, sliding investment and rising unemployment.

16.08 / 01:39

UPS Williams UBS Fitch show Time Global wealth drops for first time since 2008

Rep. Roger Williams, R-Texas, discusses the U.S. economy, COVID fraud and the border crisis on ‘Mornings with Maria.’

15.08 / 23:49

Digital Career CEO Platform CBS Inside CBS News names Ingrid Ciprian-Matthews as president after Khemlani resigns

(Reuters) — CBS News said on Monday Ingrid Ciprian-Matthews, award-winning journalist and veteran news executive, has been named president, after Neeraj Khemlani stepped down from the position on Sunday.

15.08 / 23:19

IPO FIVE Reuters Racing country Heeding Beijing's call, law firms tone down China risks in IPO applications

HONG KONG (Reuters) -Law firms in China are scrambling to comply with Beijing's new guidance to tone down the language used to describe China-related business risks in companies' offshore listing documents, five people familiar with the matter said.

15.08 / 23:19

UPS Provident FIVE Booking show track country Hedge funds dump Chinese stocks aggressively as growth outlook dims

By Carolina Mandl

15.08 / 22:47

UPS NASDAQ DOW show Stock market today: Wall Street drops as faltering Chinese economy sets off global slide

A sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy

15.08 / 22:27

NASDAQ DOW Action CME Stock Market Today: Dow lower as Treasury yields rise after retail sales surprise

Investing.com — The Dow ended lower Tuesday, as an ongoing stumble in China's economy raised fears about global growth just as Treasury yields after stronger-than-expected consumer spending dented hopes that the Federal Reserve won't resume rate hikes later this year.

15.08 / 22:13

Citi CEO American industrial icon US Steel is on the verge of being absorbed as industry consolidates further

United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings

15.08 / 22:13

UPS NASDAQ DOW show How major US stock indexes fared Tuesday, 8/15/2023

Stocks closed broadly lower on Wall Street, capping a day of declines worldwide, after discouraging data on China raised worries about the global economy

15.08 / 19:49

regulation coinbase Voting Elections lawmaker Features Coinbase political initiative features US lawmaker who admitted to ethics violations

United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations.

15.08 / 19:21

BLOCK Progressive Manufacturing Mobile Positive signals from India-China border talks ahead of BRICS summit to be attended by Modi, Xi

India and China held positive and constructive talks to resolve the border dispute, a statement issued by the Indian Army said on Tuesday. During the corps commander level talks on Sunday and Monday, both sides agreed that a resolution to the disputes on the Line of Actual Control should be expedited. The 19th round of India-China corps commander level meeting was held on the Indian side of the Chushul-Moldo border meeting point.

15.08 / 18:57

COST folk Mega-run planning

Narendra Modi laid out a 1,000-year vision for India’s development, offered as a project of liberation in contrast with the millennium gone by. Our neighbours have had their own versions.

15.08 / 18:29

COST Lowe's Tesla show Tesla rolls out new base Model S and X at lower prices

Tesla added new lower-range iterations of the Model S sedan and Model X sport utility vehicle to its lineup that cost $US10,000 ($15,460) less than their previous base prices.

15.08 / 18:17

NASDAQ DOW COMPOSITE show economic data Stock market today: Wall Street falls with markets worldwide after weak economic data from China

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

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