China Financial News

15.08 / 18:01

UPS Citi Provident show country China Turns to Well-Honed Playbook: Cut Rates, Hide Data

consumer spending, industrial production and public and private investment in China missed expectations by a wide margin in July, data showed Tuesday, adding to a drumbeat of bad news on the economy. At the same time, China’s statistics bureau announced it would suspend publication of data on youth unemployment in China, citing plans to revisit the methodology.

15.08 / 18:01

UPS cover China Evergrande’s EV Unit to Get Cash Injection From Dubai Automaker

market capitalization, which topped the equivalent of $80 billion in April 2021, was $2.4 billion as of Tuesday’s close of trading in Hong Kong. Its shares surged at the market’s open after the company disclosed the new investment but closed just 1.8% up for the day.

15.08 / 18:01

UPS Manufacturing Strategy performer country electronic Why the White House Went to Wall Street to Revive the U.S. Chips Industry

investment bankers, private-equity investors and management consultants. “Markets don’t always work perfectly," said Todd Fisher, a former executive at private-equity firm KKR who leads the investment team of the Chips Program Office. “We are trying to correct a dislocation," Fisher said, because “other countries put their thumb on the scale." Presidents have long gone to Wall Street to fill top jobs, with Federal Reserve chairman Jay Powell and former Treasury Secretary Steven Mnuchin among the recent examples.

15.08 / 18:01

COST UPS Ford Tesla performer Tesla Launches Cheaper, Lower-Range Model S and Model X

SUV has a range of about 269 miles on one charge, less than the 348-mile range on the regular version. Tesla has cut prices for its U.S. vehicles multiple times this year in a bid to stoke demand in a competitive market.

15.08 / 17:39

COST UPS Aware Manufacturing awards country Railways plans PLI scheme for train parts

production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said. The contours of the PLI scheme will be worked out with the help of a consultancy firm, which will be selected through a bidding process this month, officials told ET. The consultant will prepare a list of components that are largely imported and used in making engines and coaches, also called rolling stock.

15.08 / 17:39

UPS Citizens Remark country Financial Why this company's financial crisis threatens China's economy

The privately owned developer, founded by a farmer three decades ago, is inching closer to default. In China's housing market, there are plenty of deadbeat developers no longer paying their bills. The possible collapse of Country Garden is one to pay attention to.

15.08 / 16:57

India, China agree to resolve border issues in an expeditious manner after 2-day meet

leadership, they exchanged views in an open and forward looking manner," the ministry of external affairs stated in a statement “They agreed to resolve the remaining issues in an expeditious manner and maintain the momentum of dialogue and negotiations through military and diplomatic channels. In the interim, the two sides agreed to maintain the peace and tranquility on the ground in the border areas," the statement further said.

15.08 / 16:57

AXY NIFTY Indian FPIs turn wary on Indian stocks, become net sellers of futures

MUMBAI : Amid expectations of heightened market turbulence in the wake of India’s surging retail price inflation and slowing merchandise exports, which impacts the rupee, FPIs have turned net sellers of Indian stock futures of a significant quantity in just four days, a rare occurrence, according to market experts, who see this as a move to hedge their profits against a falling market. From being cumulatively net long 19,130 stock futures contracts on 9 August, they turned net sellers of 83,366 contracts on 14 August, during which period the Nifty shed a percent or 198 points through Monday’s closing of 19435.55.

15.08 / 16:39

UPS Cooper Waters Remark country China damming Brahmaputra river may prove disastrous for Bangladesh

China, an upper riparian nation, has built roughly eight hydroelectric power projects (HPPs) on the lower levels of the Brahmaputra; some of them are currently operational, others are being built, and one mega-dam is being considered, according to the Daily Mirror. According to Beijing's 14th Five-Year Plan (2021-25), the 9th projected 60 GW HPP could be constructed at the Great Bend in Motuo County of Linzhi Prefecture, Tibet.

15.08 / 16:33

AXY NIFTY Indian FPIs turn wary on Indian stocks

15.08 / 15:27

UPS Waves Target Reuters Action Fighting country ASX-listed Russian coal miner fights sanctions, taps China

A Russian coal miner listed on the ASX will keep digging and shipping coal from Siberia to China despite the Foreign Affairs Department advising they are “likely” to be in breach of Australian sanctions imposed following Vladimir Putin’s invasion of Ukraine.

15.08 / 15:21

Ethereum Binance ETF SEC Gaming Bitcoin spot bitcoin market value Today in Crypto: ETFs 'May Account for 10%' of BTC Market Value in 3 Years, Jacobi Lists Europe's 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC, Dasset Exchange Begins Liquidation

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

15.08 / 14:55

COST Strategy country Explainer Indian Mint Explainer: Why do non-tariff barriers hinder Indian exports?

Economic Advisory Council to the Prime Minister (EAC-PM), are regulations and restrictions that ensure quality of products and protect human, plant and animal health. These measures are largely used for agriculture or animal-origin products that are directly used for human consumption. The EAC-PM report further clarifies that there exists a thin line between non-tariff measures and non-tariff barriers and that all non-tariff measures cannot act as non-tariff barriers.

15.08 / 14:55

Provident peace India-China agree to resolve remaining issues in expeditious manner to maintain peace on the ground in border areas

Indian Army and the Chinese People’s Liberation Army (PLA) agreed to resolve the remaining issues in an expeditious manner and maintain the momentum of dialogue and negotiations through military and diplomatic channels, ministry of external affairs issued a statement on the outcome of the military talks on Tuesday, which were held on Monday. Moreover, in the interim, the two sides agreed to maintain peace and tranquility on the ground in the border areas, the ministry added.

15.08 / 14:55

UPS show country social folk Our millennial attitudes are in uneven transition

₹30,000 a month, so the sample represents more of India than an elite. What’s new this round are responses to India becoming the world’s most populous nation. Millennials are not convinced of this as an opportunity to drive economic growth.

15.08 / 14:55

Manufacturing Strategy Mobile performer country electronic Our curbs on computer imports constitute a bold strategic move

Narendra Modi government for India’s economic transformation has paved the way for world-class manufacturing. Production linked incentives (PLIs) have been instrumental in both boosting domestic manufacturing and curtailing a burgeoning trade-deficit in electronics and other manufacturing goods. With an outlay of over ₹2 trillion, the PLI scheme launched in March 2020 began with mobile phones and components, electrical components and medical devices, and was later extended to 14 sectors, including electronics and IT hardware, white goods, drones, telecom, pharmaceuticals, automobiles and auto-components.

15.08 / 14:39

companies FCA FCA approves AssetCo acquisition of Ocean Dial AM

Martin Gilbert, chair of AssetCo

15.08 / 14:39

NASDAQ US S&P 500 Global 500 'Big Short' Michael Burry bets against S&P 500 and Nasdaq

The Scion chief has become infamous for his warnings about market collapse, having posted a one-word tweet of ‘Sell’ in January of this year. Credit: Wiki Commons

15.08 / 14:19

Waves Lowe's Enterprise band show Ahead of Market: 10 things that will decide stock action on Wednesday

Here's how analysts read the market pulse: «Following weak performances in Asian markets, the domestic indices commenced the day with a negative bias, prompted by discouraging domestic industrial data along with concerns over demand from China. However, the indices managed to recover from their initial losses, ending the day on a relatively neutral note. India's wholesale inflation persisted in negative territory, albeit moderating to -1.36%, as the decline in fuel prices was counterbalanced by higher food costs.

15.08 / 14:19

JPMorgan Gap Chase Fitch country cover Fitch warns it may downgrade many US banks, including JPMorgan

Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday. In June, Fitch lowered the score of the U.S.

15.08 / 14:03

UPS BAY show country Crude oil retreats after weak China data; U.S. retail sales rise

Investing.com — Crude oil prices fell Tuesday as disappointing economic data raised further concerns about China’s economic recovery, even following Beijing’s unexpected interest rate cut.

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