China Financial News

08.08 / 07:49

UPS Lowe's electronic rock Lynas seeking new mines, leaving nothing to waste

Kalgoorlie | Lynas Rare Earths is looking for acquisitions to capitalise on the needs of its customers, including the US Department of Defense, which are anxious to wean themselves off China products.

08.08 / 06:37

UPS Digital show country China's July exports tumble by double digits, adding to pressure to shore up flagging economy

China's exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump

08.08 / 06:37

UPS show Customs data show China's exports fell 14.5% in July from a year ago, adding to pressure to shore up flagging economy

Customs data show China's exports fell 14.5% in July from a year ago, adding to pressure to shore up flagging economy

08.08 / 06:37

UPS Provident Cooper Manufacturing Action show country Japan raises concerns over Iran's nuclear enrichment and drone supplies to Russia for Ukraine war

Japan has expressed concerns over Iran’s advancing uranium enrichment program and its suspected supplying of combat drones to Moscow for Russia’s war on Ukraine

08.08 / 06:37

COMPOSITE SENSEX Nikkei Viatris KOSPI show Stock market today: Asia mixed after Wall St rallies ahead of US inflation update

Asian stocks are mixed after Wall Street rallied and Japanese wages rose ahead of a U.S. inflation update that might influence Federal Reserve plans for possible interest rate hikes

08.08 / 06:19

Provident Target Action Remark love country 'Congress ka haath 'NewsClick' ke saath' Anurag Thakur seeks apology from Rahul Gandhi

Anurag Thakur on Tuesday sharpened his attack against the alleged Chinese funding to the Congress and Indian news portal NewsClick and targeted Congress leader Rahul Gandhi. «All I would like to say Congress ka haath 'NewsClick' ke saath, 'NewsClick' ke upar China ka haath. Rahul Gandhi should apologise to the nation and say how did Rajiv Gandhi Foundation take money from China and where did it use this,» Thakur told reporters before heading to the BJP Parliamentary Party meeting this morning.

08.08 / 06:11

Target Booking PwC analysts Deal stake Vijay Shekhar Sharma-Antfin deal: Chinese shareholder reducing stake in Paytm a fundamentally positive, say analysts

Paytm announced that Sharma entered into an agreement to purchase a 10.30% stake in the company from Antfin (Netherlands) Holding BV. Antfin will transfer 6.53 crore shares of Paytm to Resilient Asset Management B.V., an entity in which Sharma owns the complete 100% stake.

08.08 / 05:37

Provident show country Inside ‘Rahul Gandhi should apologise…,’ Anurag Thakur on Congress's alleged links to pro-China website NewsClick

‘Congress ka haath 'NewsClick' ke saath, 'NewsClick' ke upar China ka haath.’ He also demanded that Rahul Gandhi should apologise to nation. While speaking to news agency ANI, he said, “All I would like to say Congress ka haath 'NewsClick' ke saath, 'NewsClick' ke upar China ka haath.

08.08 / 05:33

Lowe's Target SENSEX band performer track share price Gland Pharma share price soars 20% to hit upper circuit on Q1 results; what should you do with the stock?

₹194 crore for Q1FY24. In the same quarter last year, the company's net profit was ₹229.2 crore. Gland Pharma's share price opened at ₹1,480 on BSE as compared to the previous close of ₹1,343.85.

08.08 / 04:29

COST UPS Siemens Manufacturing Racing Discover Wind 'Turbinegeddon' is a troubling climate omen

Siemens Energy AG’s woes stem chiefly from technical issues with a new generation of onshore wind turbines. Wind power is vital to cutting carbon emissions, and the industry has raced to launch bigger and more powerful machines. But the Siemens Gamesa wind business moved too fast and has now discovered abnormal vibrations arising from blades and bearings which may have to be replaced.

08.08 / 04:21

UPS Reuters Buyback Ant valuation Global investors skip Ant's buyback after valuation slumps 70%

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. Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter.

08.08 / 04:13

Citi Target Entertainment Subway country social China releases plans to restrict facial recognition technology

BEIJING — China is planning to restrict businesses' use of facial recognition technology in favor of non-biometric personal identification methods, according to draft rules from the Cyberspace Administration released Tuesday.

08.08 / 04:11

Progressive lawmakers US lawmakers independence day Independence Day 2023: US lawmakers to attend PM Modi's address at Red Fort

PTI, this notable group is being led by Indian-American Congressman Ro Khanna and Congressman Michael Waltz. Their leadership stems from their roles as co-chairs of the bipartisan Congressional Caucus on India and Indian Americans, as stated in an official announcement. The lawmakers will visit Red Fort where the Prime Minister will address the nation on August 15th, India’s Independence Day.

08.08 / 04:11

UPS Reuters NIFTY SENSEX Rupee opens 5 paise lower at 82.79 against the US dollar

US jobs data. Asian currencies were down between 0.2% and 0.6%, with the offshore Chinese yuan slipping to 7.2250 to the dollar, Reuters reported. On Monday, the rupee ended 10 paise higher at 82.84 a dollar.

08.08 / 04:11

country Drop 2020 China's exports fell by 14.5% YoY in July, biggest drop since 2020

As China's foreign market continues to lose its presence, the country continues to witness downfall in its exports for the third consecutive month in July. Its foreign market fell by 14.5 per cent YoY last month. Notably, it was the biggest ever drop in export of China since 2020, according to official figures released Tuesday, as the world's second-largest economy faces sluggish global demand and a domestic slowdown.

08.08 / 04:05

UPS Digital Fighting show country The Global South breaks away from the US-led world order

Global South, are quietly revising them. The Global South sees a chance to chart its own future. Nirupama Menon Rao, a former Indian foreign secretary, points to her country’s spreading of digital payments to developing nations.

08.08 / 04:05

COST UPS Reuters Manufacturing Platform Gap India bars makers of military drones from using Chinese parts

India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.

08.08 / 03:21

UPS Lowe's stage country Traffic ISRO's rocket launch delayed due to space traffic congestion: Opinion

NDTV, noted that as per a 2023 evaluation by the Indian Space Research Organization (ISRO), there are 27,000 recorded space entities, with a staggering 80 per cent of them being classified as space debris. "There are millions of space objects less than 10 cm in size that are uncatalogued and pose a very dangerous situation for space assets," says S Somanath, ISRO chairman. The piece further stated that the challenge posed by space debris is further compounded by the implications of anti-satellite tests, a capability limited to China, the US, India, and Russia.

08.08 / 03:05

Lowe's Reuters ANZ show country economic data Dollar creeps higher ahead of US, China economic data

China's exports are expected to fall 12.5% in July from a year earlier, based on a Reuters poll of economists, extending a drop of 12.4% in June and marking the worst reading since the early days of the pandemic in February 2020. The trade figures come a day ahead of the country's inflation reading, with markets on the lookout for further signs of deflation in the world's second-largest economy. Ahead of the data release, the offshore yuan was little changed at 7.2039 per dollar.

08.08 / 03:05

UPS Target MET country Oil prices Oil prices edge up as production cuts keep market supported

Oil prices rose in early trade on Tuesday as supply concerns arising from production cuts by Saudi Arabia and Russia supported the market. Brent crude futures rose 37 cents, or 0.4%, to $85.71 a barrel at 0010 GMT, while U.S.

08.08 / 03:05

BLOCK Progressive Platform ByteDance TikTok US tech groups back TikTok in challenge to Montana state ban

tech groups on Monday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it takes effect on Jan. 1. NetChoice, a national trade association that includes major tech platforms, and Chamber of Progress, a tech-industry coalition, said in a joint court filing that «Montana's effort to cut Montanans off from the global network of TikTok users ignores and undermines the structure, design, and purpose of the internet.» TikTok, which is owned by Chinese tech giant ByteDance, filed a suit in May seeking to block the first-of-its-kind U.S.

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