China Financial News

[email protected] Investors in PI Industries Ltd stock are treading carefully. The management’s cautious view on near-term outlook could be one reason. Shares of the company are lower by about 1% in the past two trading days even though June quarter (Q1FY24) results were better-than-expected.

Ukraine crisis, visiting US Congressman Shri Thanedar said here on Sunday. Thanedar told PTI in an interview that there is a general view in the US Congress that Washington's relationship with New Delhi is very important for the national security of the US. The Indian-origin Congressman is part of a bipartisan group of US lawmakers who are in India to take part in several events including Prime Minister Narendra Modi's address at the historic Red Fort on August 15.

COVID pandemic has slow down due to weak export demand from key trade partners and ongoing turmoil in its property market.

Lok Sabha Elections draw close, so does the hitting at, taking a jibe between the two camps , INDIA and BJP-led NDA, intensify. Both camps have left no stones unturned to oppose policies, moves within and without the parliament ahead of the biggest democratic festival India witnesses. Latest in the jibe fest was Congress President Mallikarjun Kharge, who hit out at Prime Minister Narendra Modi and took a swipe at the Bharatiya Janata Party (BJP) saying that they have a habit of twisting the work done by Congress.

The 30-share BSE Sensex fell by 365.53 points or 0.56 per cent to settle at 65,322.65. During the day, it tanked 413.57 points or 0.62 per cent to 65,274.61. The NSE Nifty declined by 114.80 points or 0.59 per cent to end at 19,428.30.

Ashok Leyland and JCB. Sondhi added, "It is imperative for India to not only strengthen the national battery raw materials and manufacturing set-up but also to become a globally trusted supplier of high-quality, innovative battery materials to counter the Chinese supremacy in the domain." The CII report recommended development of domestic mines as several raw minerals such as cobalt, nickel, and copper have a negligible reserve, production, and refining capacity in the country.

Pova 5 and Pova 5 Pro models, will launch in India on August 14. Both feature a 6.78-inch full-HD+ display with 120Hz refresh rate, dual rear cameras, and Android 13-based HiOS skin. Pova 5 Pro has an Arc interface with LED lights, powered by MediaTek Dimensity 6080 SoC, while Pova 5 runs on MediaTek Helio G99 SoC.

Associated Press reported on Sunday. The report said that Pakistan security agencies have confirmed an attack on a convoy carrying Chinese engineers, but there was no confirmation from the officials in the Pakistan government. "BLA Majeed Brigade today targeted a convoy of Chinese engineers in Gwadar.

Gold prices declined for the second consecutive week as both the dollar index and US benchmark treasury yields rose. Concerns about the US banking sector's health and weak Chinese economic data led to a haven shift towards the dollar. Moody's Investors Service downgraded several American lenders, signalling potential concerns for a handful of larger firms.

Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday for Independence Day.

inflation continued along a path of moderation that is bolstering prospects for an economic soft landing, while across the globe in China, consumer and producer prices fell in tandem. The US core consumer price index, a closely watched measure of underlying inflation, posted the smallest back-to-back advances since early 2021 and suggested central bankers will hold off raising interest rates next month. Meantime, deflation in China is a worrisome sign for global economic growth. Lending by Chinese banks last month was the weakest in more than a decade, further evidence of weak demand. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Reuters that China could use the transit visit as an excuse to launch military drills near Taiwan next week. It also wants to use the stopovers as a pretext for intimidating voters ahead of elections in January next year.

Niger’s military officer and chief of presidential guard General Abdourahamane Tchiani carried out a coup and ousted President Mohamed Bazoum from power just a few days after China’s Ambassador to the West African country Jiang Feng met him to discuss building of an industrial park in the capital Niamey in what is a lesser-known fact. The proposed industrial park, it is said, will have a significant impact on sectors like food, manufacturing, mining, and real estate of Niger.

FIT Hon Teng's (Foxconn) board approved a $400-million investment in Telangana, Foxconn India representative V Lee said in a LinkedIn post. This is in addition to an earlier commitment of $150 million Foxconn had made in the state. «FIT Singapore intends to inject a capital sum of $400,000,000 into Chang Yi Interconnect Technology (India) Pvt Ltd, in which FIT Singapore holds 99.99% of the capital stock,» FIT Hon Teng said in a filing to the Hong Kong Stock Exchange on Friday that was posted by Lee.

Taiwan Vice President William Lai arrived in New York on Saturday at the start of a sensitive U.S. stopover, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president next week.

Indian Air Force has inducted its latest Heron Mark 2 drones, which have strike capability and can carry out surveillance along the borders with both China and Pakistan in a single sortie itself. The four new Heron Mark-2 drones, which can be equipped with long-range missiles and other weapons systems, have been deployed at a forward air base in the northern sector, where Team witnessed their operations. The drones with satellite communication capability have given a long desired capability to the Indian Air Force, as its drones can operate at very long distances for close to 36 hours at a stretch and can also laser illuminate enemy targets from very long ranges to help fighter aircraft destroy them using their long-range weapons.

Also Read: India deploys upgraded MiG-29 fighter jets squadron at Srinagar to tackle threats from Pakistan, China "Both the countries should come clean on Kashmir. We have been fed up with duplicity and double standards. Unless both countries don't sit across the table with sincerity and integrity, it is a Tamasha (show-off)," he said.

Severe floods in China’s northern province of Hebei brought by the remnants of Typhoon Doksuri this month killed at least 29 people and caused tens of billions in economic losses

Taiwan Vice President William Lai left on Saturday for a sensitive trip to the United States, which China has condemned and Taiwanese officials fear could prompt more Chinese military activity around the democratically governed island. Lai, the front-runner to become Taiwan's president in elections in January, is officially making only transit stops in the United States on his way to and from Paraguay for the swearing in of its president. Taipei and Washington say such stopovers are routine and no cause for China to take «provocative» actions, but Beijing has reacted with anger at what it sees as a further sign of U.S. support for Taiwan, which it claims as sovereign Chinese territory. China is likely to launch military drills next week near Taiwan, using Lai's stopovers in the United States as a pretext to intimidate voters ahead of a next year's election and make them «fear war», Taiwanese officials say. Lai, speaking to reporters at Taiwan's main international airport at Taoyuan, made only fleeting mention of the U.S. part of his trip, simply noting he was going to New York first.

Pakistan prime minister Imran Khan was not completely off the mark when he publicly accused the United States of ensuring his removal as prime minister through a no-confidence motion with the help of the army in April last year. He had waved a paper at every public rally claiming the same to be a diplomatic cable from Asad Majeed Khan, Pakistan's Ambassador to the US, dated March 7, 2022, in which the US had used threatening language against him.

Lauren James has been banned for two matches in the 2023 FIFA Women’s World Cup after she was sent off for stamping Nigeria’s Michelle Elozie on her back during last-16 match.