China Financial News

House Piyush Goyal alleged in the Rajya Sabha on Tuesday that the Opposition is conspiring against India with Chinese media and sought to know the relationship between Rahul Gandhi and the Communist Party of China, leading to 14 parties writing to the Chairman that this is a breach of privilege and action should be taken against him. The New York Times piece on news website allegedly getting funding from China through American businessman Neville Roy Singham was raked up by BJP member Sudhanshu Trivedi in the Rajya Sabha while the Treasury and the Opposition benches were engaged in the now routine tussle of which Rule should be invoked to discuss the Manipur situation. He alleged that there is an anti-India nexus where NewsClick's funding is coming to India via Shanghai-Chicago route.

Lok Sabha debate on the no-confidence motion against the government started on Tuesday with the Opposition speakers trying to focus their discourse mostly on the Manipur issue while the ruling side used the debate to showcase the performance of the Modi government and to question the viability of the Opposition INDIA grouping. As soon as Gaurav Gogoi (Congress) stood up to speak, parliamentary affairs minister Pralhad Joshi asked why Rahul Gandhi was not starting the debate despite communicating so to the Speaker's office. Gogoi asked how ministers knew and publicised what was happening in the Speaker's office.

India is on course to displace Taiwan as the second most-weighted emerging market in the MSCI EM Index. The export-oriented Chinese and Taiwanese economies are facing the effects of a global trade slowdown, which in India's case is cushioned by domestic consumption. This widens the funnel for foreign investment in Indian equities through higher allocations by passive funds.

maritime space and eyeing the same India is focusing on a larger role in Indo-Pacific. The recent developments in the region are hinting that India is seeking a big-brother role in the Indo-Pacific region, especially for countries affected by China's expansionist policies.

Taiwan Semiconductor Manufacturing Co. will build its first European chip factory with support from the German government, the latest move to make the continent less dependent on high-tech imports out of Asia. TSMC said it had approved a $3.8 billion investment in the factory in Germany, with total investments in the plant expected to exceed 10 billion euros, equivalent to $11 billion, including government support.

ChatGPT. Last year, it began regulating the algorithms that underpin popular apps and internet platforms including TikTok’s Chinese equivalent Douyin and the ubiquitous super app WeChat.

BJP's Haryana unit will visit Nuh on Wednesday and take stock of the situation in the district which witnessed communal clashes last week over an attempt to stop a Vishva Hindu Parishad procession. The opposition Aam Aadmi Party's Haryana unit chief Sushil Gupta said a delegation of his party will visit the «violence-affected people of Mewat area» the same day.

By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A

₹6,755 per bbl, having swung between ₹6,629 and ₹6,805 per bbl during the session so far, against a previous close of ₹6,806 per barrel. China's July oil imports were down 18.8 per cent from the previous month to the lowest daily rate since January, but still up 17 per cent from a year earlier.

By Gertrude Chavez-Dreyfuss and Samuel Indyk

Maheshwari Bandari, economic research analyst at GlobalData, said some indicators highlight economic green shoots in Europe, but economic recovery is uneven.

By Mark John

(Reuters) -A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday.

Traders have been sitting on their hands lately with the Bitcoin (BTC) price being stuck between $29,000 and $30,000. This rangebound price action can’t continue forever, though.

Investing.com — Crude oil prices fell Tuesday after weak trade data from China pointed to a sluggish post-COVID rebound for the world's largest oil importer.

₹537 crore during Thursday's session. As per the NSE data, FIIs cumulatively bought ₹10,721.75 crore of Indian equities, while they sold ₹11,433.09 crore --- resulting in an outflow of ₹711 crore. Meanwhile, DIIs infused ₹8,809.11 crore and offloaded ₹8,271.80 crore, registering an overall inflow of ₹537.31 crore.

Gold hit a four-week low on Tuesday as the dollar climbed after weaker-than-expected Chinese trade data, while caution in the run-up to U.S. inflation readings this week also kept appetite for zero-yield bullion subdued.Spot gold was down 0.4% to $1,928.61 per ounce by 1200 GMT after hitting its lowest since July 11. U.S.

Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries.

China's imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world's largest oil importer. Brent crude futures were down $1.33, or about 1.6%, at $84.01 a barrel at 1047 GMT. U.S.

One of the world’s most valuable industrial metals, silver, could lose more of its luster as the economy it heavily relies on slows by the day.

A look at the day ahead in U.S. and global markets by Alun John.