China Financial News
09.08 / 10:41
Provident
Progressive
Manufacturing
Landmark
awards
country
electronic
reports
US reports big interest in $52 billion semiconductor chips funding
semiconductor subsidy funding in a bid to boost the country's competitiveness with China's science and technology efforts. The White House is marking the one-year anniversary on Wednesday of President Joe Biden's signing of the landmark «Chips for America» legislation providing $52.7 billion in subsidies for US semiconductor production, research and workforce development.
09.08 / 10:31
COST
Extreme
country
electronic
Global law firm retreats from China ahead of data crackdown
Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations in one of the more significant withdrawals by a Western company as Beijing intensifies a campaign to curb leakages of valuable information.
09.08 / 09:49
UPS
Reuters
Amazon
Disney
Moodys
Moody's downgrades midsized banks, 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 / 09:33
COST
Provident
Target
Platform
Parke
Opera
audience
Explainer
Centre
Mint Explainer: What makes ITPO, India’s new convention centre, special?
₹2,700 crore. Mint details the features of the new convention centre, which is one of the largest in the world. • The Pragati Maidan Ccomplex with a campus area of approximately 123 acres is India’s largest MICE (meetings, incentives, conferences, and exhibitions) destination.
09.08 / 08:23
UPS
show
European shares rebound as Italy eases stance on bank levy
(Reuters) — European shares rose on Wednesday, with Italian lenders rebounding from sharp losses in the previous session after the government eased its stance on a new banking levy.
09.08 / 08:23
09.08 / 08:23
COST
UPS
Citi
Rust
More Chinese graduates return to hometowns in depressed economy - state media
BEIJING (Reuters) — Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47% from 43% in 2018 amid a sagging job market.
09.08 / 08:23
Lowe's
show
track
Dollar edges lower as risk sentiment improves
Investing.com — The U.S. dollar edged lower in early European trade Wednesday, as improved risk sentiment weighed on the safe haven despite fresh signs of Chinese economic weakness.
09.08 / 07:39
COST
Airlines
Strategy
Moodys
Nikkei
Tokyo stocks close lower on banking concerns, China data
Tokyo stocks closed lower Wednesday on concerns over the banking sector and weak China trade data, while investors await US inflation figures for clues on Fed strategy. The benchmark Nikkei 225 index slipped 0.53 percent, or 172.96 points, to 32,204.33, while the broader Topix index trimmed 0.40 percent, or 9.16 points, to 2,282.57.
09.08 / 07:27
Dogecoin
UPS
BTC
XRP
CEO
Bitcoin
bitcoin rises
inflation data
Crypto Price Today: Bitcoin rises above $29,700 ahead of US inflation data; Shiba Inu, Solana surge up to 7%
BTC volume stood at approximately $18.1 billion, rising 34.35% in the last 24 hours. «Bitcoin’s price breached the $30000 mark in the early hours of today but consolidated to trading above the $29500 level. This movement could be because of the fall in Chinese trade numbers for July and the U.S. 10-year Treasury yield descending lower by 11 basis points to 3.98%,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens, BNB, XRP, Dogecoin, Solana, Polygon, and Polkadot were also trading higher on Wednesday.
09.08 / 06:49
Disney
Entertainment
DAX
EON
country
inflation data
European stock futures higher; Chinese inflation data, banking sector in focus
Investing.com — European stock markets are expected to open higher Wednesday, as investors attempt to recoup recent losses while digesting more quarterly corporate earnings.
09.08 / 06:23
COST
Provident
Waves
Manufacturing
Strategy
Rare earths junior says sell to China or ‘twiddle your thumbs’
Former Fortescue Metals executive Russell Scrimshaw says his rare earths company will get into production several years sooner because of Wednesday’s decision to partner with China’s biggest rare earths importer.
09.08 / 05:57
UPS
Provident
Amazon
Browser
exclusive
Deal
Amazon announces Prime Big Deal Days: Exclusive shopping extravaganza for Prime members
Prime Big Deal Days will occur include Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the U.S., and the UK. “We’ll share more details soon as we get closer to the event. We can’t wait to give our Prime members access to exclusive early savings this season," says Amazon in its blog post.
09.08 / 05:53
UPS
SoftBank
Nikkei
country
Asian stocks
Asian stocks slip on weak Chinese inflation, disappointing earnings
Investing.com — Most Asian stocks fell slightly on Wednesday as weak Chinese inflation data drummed up concerns over the region’s biggest economy, while a batch of weak earnings also weighed.
09.08 / 05:53
UPS
Gap
show
performer
country
Asia FX edges higher, yuan volatile as Chinese inflation shrinks
Investing.com — Most Asian currencies rose slightly on Wednesday, recovering a measure of recent losses as worsening risk appetite favored the dollar, while the Chinese yuan rose in volatile trade after weak inflation data.
09.08 / 05:53
09.08 / 05:53
09.08 / 05:53
UPS
Manufacturing
show
Chinese CPI inflation contracts in July, PPI falls more than expected
Investing.com — Chinese consumer inflation shrank in July, indicating that local liquidity and spending remained weak amid slowing business activity, while a decline in factory gate inflation also continued through the month.
09.08 / 05:53
UPS
Provident
Target
electronic
Chinese healthcare stocks hit by stepped up anti-graft crackdown
SHANGHAI (Reuters) — A year-long slump in China's healthcare stocks has accelerated this week as an anti-corruption campaign gathers pace, threatening the sales of some drug makers and medical equipment producers.
09.08 / 05:25
Manufacturing
Strategy
Mobile
Apple
country
electronic
4 Stocks to Watch Out for as India Restricts Computer & Laptop Imports
laptops, tablets, and personal computers. According to the notice, from 1 November 2023, the import of these restricted items would now require a valid license. The new law implies that laptop and computer giants like Apple, Dell, Lenovo etc., cannot simply manufacture their products elsewhere and sell them in India.
09.08 / 05:01
COST
UPS
Provident
FIVE
Manufacturing
country
How America is failing to break up with China
Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once beloved by Western companies are firmly out of fashion.
breaking news about China
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