China Financial News
14.08 / 17:45
MET
India emphasises early disengagement in remaining friction points in military talks with China
Lt Gen Rashim Bali, the Commander of the Leh-headquartered 14 Corps, while the Chinese team was led by the commander of the South Xinjiang military district. On April 23 talks too, the Indian side had emphasised for disengagement at Depsang and Demchok.
14.08 / 17:17
MET
country
India presses for early disengagement in remaining friction points in eastern Ladakh in military talks with China
India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said. The Indian delegation at the 19th round of Corps Commander-level talks especially called for the resolution of issues in Depsang Plains and Demchok, they said. The talks took place at the Chushul-Moldo border point on the Indian side of the Line of Actual Control (LAC) in the region.
14.08 / 17:13
Manufacturing
show
country
electronic
Goods exports dip to lowest in 9 mths as demand slumps
NEW DELHI : Indian goods exports remained under pressure in July as demand from key markets such as the US, Europe and China remained subdued amid high inflation driven by persistent geopolitical tensions. While services exports continued to report healthy growth, merchandise or goods exports declined to their lowest in nine months, falling 16% to $32.25 billion in July from $38.34 billion in the year earlier, data released by the commerce and industry ministry on Monday showed. Imports during the month also declined by 17% to $52.92 billion from $63.77 billion in the year-ago period, narrowing the trade deficit to $20.67 billion.
14.08 / 17:13
UPS
Citi
Fallout
Enterprise
country
China’s Deepening Housing Problems Spook Investors
retail sales. Problems are also cropping up in other financial-asset classes in China. Three publicly listed companies said in recent days that they didn’t receive payments they were promised on wealth-management products sold by Zhongrong International Trust, which is part of Zhongzhi Enterprise Group, a large domestic Chinese conglomerate.
14.08 / 16:31
14.08 / 16:29
Provident
Action
Remark
country
Our armed forces will give befitting reply to anyone trying to cast an evil eye on India: Rajnath Singh
India has always been a peace-loving nation, but will not spare those with «ill intention or hostility», Defence Minister Rajnath Singh said on Monday, amid the lingering border row with China in eastern Ladakh and Pakistan's support to cross-border terrorism. On the eve of the 77th Independence Day, he also said the government is making all efforts to equip the armed forces with the latest weapons and training to meet future challenges. «We not only seek peace but also express our commitment to peace through our actions.
14.08 / 16:29
Target
Manufacturing
Mobile
Nano
Simulation
stage
track
Army signs contracts for emergency procurements; seeks 'quantum jump' in capabilities
drones to individual protective equipment, sources said. Sources in the military establishment also said the present global scenario «necessitates a flexible and adaptive approach» to tackle defence and national security challenges. Sixty-eight schemes worth Rs 6,600 crore were signed in the first three tranches of emergency procurements (EPs). «As part of the fourth tranche, 49 schemes worth Rs 7,600 crore have been contracted catering for capabilities ranging from mobility solutions to communication systems, energy solutions, individual protective equipment, armament and simulators, drones and counter-drones,» a source in the defence establishment said. The army is observing 2023 as the 'Year of Transformation', and is working on several projects to reshape and remodel the functional processes to bring in a «quantum jump in its capabilities». It is spearheading the realisation of the vision of 'Atmanirbharta' with the intent of boosting manufacturing in India and creating a vibrant defence ecosystem, the sources said.
14.08 / 15:09
business
Blockchain
Tether
Prison
Chinese man sentenced to 9 months in prison for buying 13K in USDT
An individual, identified only as Mr. Chen, has been convicted by the Fuzhou Mawei People's Procuratorate on charges of "offense of concealment and concealment of crime" for purchasing 94,988 ($13,067) Chinese Yuan worth of Tether (USDT) for an acquaintance.
14.08 / 15:09
Mining
ASIC
Mining Pools
Bitcoin
USBTC
TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger
Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards since increasing its mining capacity in the first half of 2023.
14.08 / 13:25
UPS
CEO
Nestle
Flushing
Verleni 1947: Special blend of limited-edition tea to be available from midnight of August 14
independent India, is all set to brew in your teapot. Makaibari — the heritage tea estate nestled in the misty mountains of the Himalayas, has a special collector's item for you to commemorate India's 77th year of independence — Verleni 1947. This special blend of limited-edition tea — to be available from midnight of August 14 comes from some of the oldest tea bushes in the Makaibari gardens that were actually planted in 1947 — the year India finally became independent from British rule.
14.08 / 12:23
ETFs
Global
reports
Speculation
Surge of inflows into China ETFs fuel state buying speculation - reports
The largest ETF, Huatai-PineBridge CSI 300 ETF, has now surpassed $13.8bn or CNY 100bn, making it the first non-money market ETF in the region to do so.
14.08 / 12:21
Manufacturing
Entertainment
Software
Tesla
Okta
Inside
fall
Tesla, Nikola and AMC fall premarket; Okta, U.S. Steel rise
Investing.com — U.S. futures traded higher Monday, with investors awaiting more earnings, this time from the crucial retail sector.
14.08 / 12:21
country
Lula says wants US investments in Brazil to drive energy transition
SAO PAULO (Reuters) — Brazilian President Luiz Inacio Lula da Silva said on Monday he hopes for the United States to want to invest in Brazil so the two countries can work to «drive the energy transition forward.»
14.08 / 12:13
14.08 / 11:39
UPS
Lowe's
Enterprise
country
stocks and bonds
Stocks and bonds gain as China acts on debt
Stocks and bonds rose as China moved to address a worsening property slump, shoring up confidence in global markets.
14.08 / 11:28
COST
U.S. Steel shares jump after unsolicited bid from Cleveland-Cliffs
(Reuters) — Shares of U.S. Steel jumped 29% in premarket trading on Monday, after the more-than-a-century old steelmaker rejected a $7.3 bln buyout offer from Cleveland-Cliffs (NYSE:CLF) and said it would review its options following «multiple unsolicited proposals».
14.08 / 11:02
14.08 / 11:01
14.08 / 10:55
Lowe's
NIFTY
SENSEX
Deloitte
show
Low
end
Sensex rebounds 580 pts from days low to end 79 points higher on gains in RIL, Infosys
India's wholesale inflation had contracted 4.12% in June, data showed on Monday. On a month-on-month basis, the index stood at 1.95%. The 30-share BSE benchmark Sensex recovered 580 pts from day's low and ended 79 points or 0.12% higher at 65,401.
14.08 / 10:39
COST
UPS
NIFTY
SENSEX
performer
Reliance Industries
Top gainers, losers today: Infosys, Reliance Industries, JSW Steel, State Bank of India; check full list here
Nifty ended flat on Monday, August 14 as investors await India's consumer price inflation (CPI) - retail inflation data for July which is expected to see an uptick because of the recent rise in vegetables, pulses and cereals prices. High inflation numbers may weigh on market sentiment as both indices are already about two per cent down in August so far.
14.08 / 10:39
Lowe's
Reuters
NIFTY
SENSEX
country
end
inflation data
Market Wrap: Sensex, Nifty end flat ahead of retail inflation data; mid, smallcaps underperform
Nifty ended flat on Monday as investors awaited India's consumer price inflation (CPI), or retail inflation, prints for the month of July which is expected to see an uptick because of the recent rise in vegetables, pulses and cereals prices. A sharp uptick in inflation may weigh on market sentiment which already appears to be in a consolidation phase. Sensex and Nifty are about two per cent down in August so far.
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