China Financial News

15.08 / 04:21

FIVE Manufacturing 2024 India to become Kohler’s 3rd largest market by 2024, says David Kohler

bathroom products company Kohler and is likely to become its third largest market by 2024, its chair and chief executive officer David Kohler told ET. Currently, India ranks among Kohler’s top five markets. “India has the fastest-growing GDP in the world among major economies.

15.08 / 03:53

UPS Reuters Tesla NVIDIA Micron Hawaiian Wall Street: US stock market ends high led by gains in tech stocks; Nvidia shares jump 7%

Catch Independence Day 2023 LIVE Updates here "NVIDIA remains our top pick, with a backdrop of the massive shift in spending towards AI, and a fairly exceptional supply-demand imbalance that should persist for the next several quarters," Morgan Stanley analysts said in a note on Monday, Reuters reported. The rally in Nvidia shares also boosted other megacap growth stocks and lifted the information technology index 1.85% higher.

15.08 / 03:31

UPS Citi Lowe's Nov country Dollar firm, yuan slides after China unexpectedly cuts rates

China's central bank unexpectedly cut key policy rates for a second time in three months on Tuesday to shore up the country's sputtering economy. The yuan weakened as far as 7.3115 per dollar for the first time since Nov. 4 in offshore trading, before bouncing back as major state-owned banks were seen selling dollars to support the local currency.

15.08 / 03:31

Provident Reuters show performer country Oil prices economic data Oil prices down ahead of key economic data in China

Oil prices fell in early trade on Tuesday ahead of a slew of economic data from China which should provide clues on the outlook for any recovery in demand in the world's top oil importer. U.S. West Texas Intermediate crude was down 11 cents, or 0.13%, at $82.40 a barrel.

15.08 / 03:31

UPS Lowe's Reuters show country Low Rupee breaches 83, touches a 10-month low

rupee closed at its weakest level against the US dollar in almost 10 months as a rise in the greenback globally exerted pressure on Asian currencies, although likely interventions by the Reserve Bank of India reined in the pace of depreciation in the local unit. The rupee closed at 82.95 per US dollar on Monday as against 82.84 per dollar at previous close. Monday's closing marks the weakest level for the rupee versus the US dollar since October 19, 2022, Bloomberg data showed.

15.08 / 03:31

UPS Lowe's NASDAQ NVIDIA country 500 end S&P 500, Nasdaq end up as Nvidia surge leads megacap higher

Nasdaq closed higher on Monday as shares of chipmaker Nvidia surged following a bullish note from Morgan Stanley, leading gains in other megacap growth stocks. Nvidia jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on a stellar revenue forecast pointed to the game-changing potential of artificial intelligence. The rally in the chipmaker's stock pushed the information technology index 1.85% higher, making it the strongest of 11 S&P 500 sector indexes.

15.08 / 02:59

Reuters Gap performer boost recovery Rate Cut China central bank cuts rates to boost economic recovery; a second rate cut in three months

banking system liquidity reasonably ample", the PBOC said in an online statement. The MLF rate serves as a guide to China’s lending benchmark loan prime rate (LPR) and markets mostly use the medium-term policy rate as a precursor to any changes to the lending benchmarks.

15.08 / 02:49

UPS Reuters Entertainment social Unemployment reports China reports big data miss in July, stops releasing youth unemployment numbers

BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include the unemployment figure for young people, which has soared to record highs in recent months.

15.08 / 02:01

FIVE Action show country independence day Independence Day 2023: Five key global and domestic macro developments over past year

1. India is the fifth largest economy: India is now the fifth largest economy in the world behind the US, China, Japan and Germany. As per the World Economic Outlook (WEO) database of the IMF, India’s gross domestic product (GDP) in 2022 was $3.39 trillion.

15.08 / 01:35

Citi Digital Enterprise CNY electronic ‘Green Finance’ Options Emerge for China’s Digital Yuan

More Chinese firms are using the digital yuan, the nation’s central bank digital currency (CBDC), to access funding for “green” business projects.

15.08 / 00:35

Target Platform ByteDance TikTok country social Risky China apps need India-style action: FCC Commissioner Brendan Carr

Federal Communications Commission (FCC) Commissioner Brendan Carr told ET. The US and other countries are still grappling with the alleged privacy risks associated with Chinese apps such as TikTok.

14.08 / 21:43

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite down more than 100 points, U.S. stock markets rise

Canada’s main stock index closed down more than 100 points Monday on broad-based weakness, while U.S. stock markets rose after a day of mixed trading.

14.08 / 20:45

Provident NASDAQ DOW NVIDIA Walmart Stock market today: Dow ends higher as Nvidia leads tech rally on dip-buying fever

Investing.com — The Dow closed higher Monday, as weakness in banks was offset by renewed demand for tech amid a surge in Nvidia (NASDAQ:NVDA) ahead of a slew of incoming economic data set to provide further insight on the consumer.

14.08 / 20:45

UPS Booking ETF NASDAQ show Hanesbrands Burry, famous for 'Big Short,' bought bearish options against S&P, Nasdaq 100

By David Randall and Saqib Iqbal Ahmed

14.08 / 19:37

COST Digital Aware Platform Tencent SoftBank New Irdai platform casts a shadow over PolicyBazaar

PB Fintech Ltd, backed by Info Edge and Japan’s SoftBank, got listed on the stock exchanges. Masayoshi Son’s SoftBank holds 4.39%, China’s Tencent 6.28% and Info Edge holds 17.5% in PB Fintech, while Claymore Investments (Mauritius) Pte. Ltd, a subsidiary of Singapore’s Temasek Holdings, own 5.43%.

14.08 / 19:37

Lowe's Action Tesla show performer Tesla reignites EV price war with new round of cuts in China

Tesla cut prices again in China, sending auto stocks tumbling on concerns the move will rekindle an international price war that had shown signs of abating.

14.08 / 19:05

Citi Provident BLOCK Cooper Celebrity Centre Checking migration from border villages focus of Centre's Vibrant Villages Programme

Checking migration from border villages, which lack opportunities in education, health and employment, is the focus of those in charge of implementing the Centre's Vibrant Villages Programme. «We have a primary school in our village, but the middle school is 32 km away. There are no medical facilities, roads or employment opportunities.

14.08 / 18:53

Provident NASDAQ DOW NVIDIA 500 S&P 500 climbs as Nvidia rally pushes tech higher

Investing.com — The S&P 500 rose Monday, as investors piled back into chip stocks including Nvidia (NASDAQ:NVDA) pushing tech higher following recent weakness ahead of a slew of incoming data set to provide further insight on the consumer.

14.08 / 18:29

UPS Lowe's Manufacturing show Oil dips on China worry ahead of U.S. retail sales, Fed minutes

Investing.com — The oil rally is beginning to feel heavy.

14.08 / 18:17

UPS Provident Baidu show country US hedge funds dumped shares in Chinese companies in Q2

By Carolina Mandl

14.08 / 18:09

UPS Citi Target Cooper Citizens Action country Friendship with Pak will always remain 'rock-firm', says China as it congratulates caretaker PM Kakar

China on Monday asserted that its «ironclad friendship» with Islamabad will always remain «rock-firm and unbreakable» irrespective of any changes in the international landscape and the domestic situation in Pakistan, as it congratulates Anwarul Haq Kakar on his appointment as caretaker prime minister. Earlier in the day in Islamabad, 52-year-old Kakar, an ethnic Pushtun leader who is considered close to the powerful military, was sworn in as Pakistan's caretaker prime minister to head a neutral political set-up to run the cash-strapped country and conduct the next general elections.

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