China Financial News

09.08 / 16:53

COST Waves Extreme Southern Allstate Swiss Severe storms lead to unprecedented $34 billion in US insured losses so far this year, Swiss Re says

Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time as climate change contributes to the frequency and severity of violent me...

09.08 / 16:53

UPS Tesla Honda social Profit at Japan's Honda doubles on healthy global auto and motorcycle sales

Honda says its April-June profit more than doubled on healthy sales of its motorcycles and cars, as the Japanese company also received a perk from favorable exchange rates

09.08 / 16:43

BLOCK Manufacturing Fallout show country Sputtering Trade Fuels Fears for a Connected World

The downturn in world trade, exemplified by slumping Chinese exports and a decline in U.S. imports, mainly reflects a phase of weak global economic growth. It also raises questions about whether deeper changes are under way, with decades of deepening global economic integration giving way to a new era in which the West and China do more business with their political friends and less with each other.

09.08 / 16:43

UPS Manufacturing Action Mobile country The global impact of policy calls may affect our rupee ambitions

forex reserves. Today, the US has a debt-to-GDP ratio of around 130%, Japan 260%, UK nearly 100% and the eurozone 90%. The ratio for India is around 90%.

09.08 / 16:35

Ethereum Stablecoin Adoption Binance Tether Usd Coin Bitcoin reserves Binance drops majority of USD Coin reserves — Latest USDC news

In the most recent episode of The Market Report, analyst and writer Marcel Pechman delves into the topic of crypto exchange Binance’s proof-of-reserves. This report reveals a significant decline in USD Coin (USDC) balances, plummeting from $3.4 billion on March 1 to a mere $23.9 million by May 1.

09.08 / 15:53

UPS show country Brent crude hits highest price since April as tighter supply offsets China demand concern

Top exporter Saudi Arabia last week extended its voluntary production cut of 1 million barrels per day for another month to include September, and Russia said it would cut oil exports by 300,000 bpd in September. «The latest recovery is mainly driven by the pledge of major producers, like Saudi Arabia and Russia, to keep supply subdued for another month,» said Charalampos Pissouros, senior investment analyst at broker XM. Brent crude was up $1.00, or 1.2%, at $87.17 by 1110 GMT, having touched $87.24, the highest price since April 13.

09.08 / 15:41

Cooper Career Celebrity show country In farewell speech, PM Sharif accuses Imran Khan's govt of damaging Pakistan's ties with friendly countries

Shehbaz Sharif said on Wednesday that his government had to bear the burden of the past regime's negligence and failures during its 16-month rule as he accused Imran Khan's government of badly damaging Pakistan's relations with friendly countries. The prime minister, who led a 13-party coalition, a first in the government, termed his 16-month-long tenure as the «most difficult test of my life».

09.08 / 15:31

Blockchain defi fantom Multichain Another Fantom project winds down citing Multichain exposure

SpiritSwap, a decentralized exchange (DEX) built on smart contract platform Fantom, will wind down operations from Sept. 1, citing exposure to troubled Chinese cross-chain protocol Multichain.

09.08 / 13:35

Target Manufacturing Gap concert electronic India's imports from China across at least 25 major commodity groups rise on year

India's imports from China across at least 25 major commodity groups such as consumer electronics, auto components, and iron and steel products rose in fiscal 2023, the government told parliament on Wednesday. The statement, which listed Chinese imports in a total of 31 commodity groups, comes amid New Delhi's concerted efforts to reduce its trade deficit with China since border tensions flared in 2020.

09.08 / 13:23

UPS Manufacturing BMW Mercedes-Benz Audi 2024 Li Auto looks to surpass rivals in China by 2024

Li Auto (NASDAQ:LI) announced Tuesday evening its intention to surpass the sales of BMW (ETR:BMWG), Mercedes-Benz (ETR:MBGn), and Audi (ETR:VOWG_p) in China by 2024. This ambitious goal comes as the emerging Chinese automaker accelerates the introduction of new vehicle models and ramps up its manufacturing efforts.

09.08 / 13:23

UPS MET Nikkei country 2024 Indonesia says Mitsubishi Motors plans to invest $375 million in 2024

JAKARTA (Reuters) — Indonesia's industry ministry said on Wednesday Japanese carmaker Mitsubishi Motors (OTC:MMTOF) was planning to invest 5.7 trillion rupiah ($375.25 million) in 2024 to expand its production capacity in the country.

09.08 / 13:05

Cooper Fighting testing Pentagon eyes missile testing role for Australia

Australia could be a testing ground for US hypersonic and other long-range precision weapons under the AUKUS pact, a top Pentagon official told AFP on Wednesday. US Secretary of the Army Christine Wormuth said Australia's contribution to the three-way AUKUS agreement, which includes Britain, «doesn't always have to be dollars».

09.08 / 12:43

G20 economics Deflation Time fall China moves into deflation as prices fall for first time since early 2021

Average CPI over the year so far has been 0.5%, severely lagging the government’s target average inflation rate of 3%.

09.08 / 12:37

UPS Reuters Amazon Disney Moodys Futures edge higher, Disney to report - what's moving markets

Investing.com — U.S. stock futures inch up Wednesday, as investors digest a Moody's downgrade of several midsized banks that hit shares on Wall Street in the previous session. Elsewhere, Disney gears up to unveil its latest results as its ESPN division signs a partnership with gambler Penn Entertainment. Meanwhile, inflation in China contracts in July, further exacerbating concerns over the country's post-COVID recovery.

09.08 / 12:03

UPS Target Toyota Nissan Honda country Japanese Carmakers See Next Few Years as Fight for Survival in China

hybrid cars ahead of schedule in China, Uchida said. The competitiveness of this new lineup “will be the determinant of our survival," he said, adding that 2024 is the year Nissan will be carefully monitoring. Honda Motor’s finance head, Masaharu Hirose, said on Wednesday that competition in the Chinese electrified-vehicle market was making it more difficult for Honda to achieve its previously announced goal of selling 1.4 million vehicles in the country this year.

09.08 / 11:35

UPS Target show country world economy Warning China Slips Into Deflation in Warning Sign for World Economy

Covid-19 pandemic curbs late last year, China is suffering an unusual bout of falling prices for a range of goods, from commodities such as steel and coal to daily essentials and consumer products such as vegetables and home appliances. China’s economic predicament stands in contrast to that of the U.S. and other developed Western economies, where soaring inflation after the lifting of Covid restrictions sent central banks, including the Federal Reserve, on an aggressive path of interest-rate increases aimed at cooling the economy without triggering a recession.

09.08 / 11:35

UPS FIVE Manufacturing Surge in travel helping India’s luggage industry, says Crisil

₹700 crore this fiscal, Rushabh Borkar, associate director at Crisil Ratings said. “While this will increase their debt levels, overall capital structure and coverage metrics will not be materially impacted because of improved cash accruals. Gearing and interest coverage of our sample set will remain comfortable at 0.6 time and 11.5 times, respectively." Crisil analysed luggage makers that account for 90% of the organised sector’s revenue.

09.08 / 11:13

Lowe's Target BlackRock Micron cover exclusive U.S. to Ban Some Investments in China

technology companies under an executive order the Biden administration will release Wednesday, escalating Washington’s efforts to prevent Beijing from developing cutting-edge technology for its military. The executive order is expected to cover direct investments in three technology sectors: semiconductors, quantum computing and artificial intelligence. It would prohibit investments in some forms of those technologies, while requiring Americans doing business in China to inform the U.S.

09.08 / 11:13

UPS Lowe's NIFTY SENSEX Top gainers, losers today: JSW Steel, M&M, Maruti Suzuki, Bajaj Finance; check full list

Nifty ended higher on August 9, on late-session buying activity just one day before the monetary policy outcome. The three-day meeting of the six members of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) started on August 8 will conclude on Thursday (August 10). Economists believe the RBI will maintain a status quo on rates and stance.

09.08 / 11:13

UPS Merit Align shootings country GST@6: Forward looking thought

Export rule liberalization – 78% respondents cited this as the most needed. To illustrate, while the Central Board of Indirect Taxes and Customs issued a defining circular in September 2021 clarifying doubts on the scope of intermediary services, the benefit is yet to be fully witnessed with certain categories of exporters in the IT/ITeS and data hosting services sector still being continually questioned, resulting in prolonged litigation and the delay in refund resulting in working capital blockages.

09.08 / 11:11

Adoption regulation Investing International Hong Kong Aims to Thrive as an International Crypto Hub Despite Global Scrutiny

The first licenses in Hong Kong have been issued to crypto companies under a new regulatory regime, as the city continues its plans to become an international crypto hub. But vital hurdles remain.

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