China Financial News

07.08 / 11:13

Target Career Platform Software concert Neville Roy Singham: Who's he and how this real-life Singham spread 'Chinese propaganda' in India

Neville Roy Singham, an American businessman and former chairman of IT consulting firm ThoughtWorks, has come under scrutiny for allegedly financing groups that propagate Chinese state media propaganda, including Indian website NewsClick. Born in the US in 1954, Singham pursued economics at Howard University before embarking on a career as a software engineer.

07.08 / 10:57

Waters Manufacturing awards Waaree Energies raises Rs 1,000 crore in equity funding

manufacturer of solar panels, has raised Rs 1,000 crore in a funding round led by investment firm ValueQuest. The latest funds raised will be used for a 6 GW capacity expansion, adding to the existing capacity of 12 GW, the company said today. The additional capacity is intended for the manufacturing of solar ingots and wafers, cells and modules.

07.08 / 10:27

UPS Citi Provident Manufacturing Boeing show country An unlikely tech cluster exemplifies China’s economic vision

semiconductors. These so-called strategic, emerging industries now account for over 56% of Hefei’s industrial output, compared with less than 27% in 2013. Whatever local officials have been doing, it appears to be “the right mix of industrial policy and private-sector mojo," says Robin Xing, an economist at Morgan Stanley and a Hefei local.

07.08 / 10:27

UPS NIFTY TCS SENSEX Market Wrap: Sensex, Nifty extend gains into second straight session; investors earn over a lakh crore in a day

RBI MPC may maintain the status quo on August 10; comment on inflation, growth trajectory to be in focus Also, the inflation numbers of the US and China, expected this week, will be crucial factors that will dictate the mood of the market. Sensex opened 90 points higher at 65,811.40 against the previous close of 65,721.25 and rose 347 points in intraday trade to the level of 66,067.90.

07.08 / 09:29

UPS Airlines UBS Beyond the tech hype, how healthy is American business?

investors a fillip. This year the S&P 500 index of big American firms is up by nearly a fifth. Markets are especially bullish about a handful of tech firms and carmakers.

07.08 / 09:29

UPS Progressive McDonald's CEO Chalice questions critical minerals tie with Indonesia

Kalgoorlie | The Tim Goyder-backed Chalice Mining was surprised by the Albanese government’s move to work with Indonesia on critical minerals supply chains given the South-East Asia nation competes with Australian nickel producers and has an inferior record of environmental oversight.

07.08 / 09:27

UPS Reuters Browser MSCI Nikkei show Asia shares on guard for US, China inflation risk

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07.08 / 08:51

Manufacturing country Global Trade Import licensing a pragmatic step amidst new realities of global trade

semiconductors, from this month. Trade tensions between China and the US don’t look like easing any time soon despite the Biden administration’s overtures to Beijing, including visits to China by top US officials such as Yellen. This has inescapable consequences for global trade.

07.08 / 08:29

UPS Twitter Digital ETF CEO Bitcoin show boost 2024 Bitcoin Price Prediction: Adam Back's Bet on 2024 Halving & Whales' Confidence Boost Amid Market Turbulence

Bitcoin, the renowned cryptocurrency, has been facing resistance around the $29,000 mark, but it has recently managed to break above this level.

07.08 / 08:05

Progressive Waters Manufacturing awards Waaree Energies raises ₹1,000 crore in funding led by ValueQuest

₹1,000 crore in a funding round led by investment firm ValueQuest, known for its strategic focus on sustainable and progressive ventures. In an earlier round, Waaree Energies had raised around ₹1,040 crore from a clutch of investors including family offices and high net-worth individuals (HNIs), the company said in a statement. The latest funds raised will be used for a 6 GW capacity expansion, adding to the existing capacity of 12 GW.

07.08 / 07:43

UPS Provident FIVE country Who is keeping coal alive?

consign coal to history". As recently as 2020 the iea believed consumption had peaked a decade ago. Yet King Coal looks brawnier than ever.

07.08 / 06:59

UPS Provident Digital Platform JD.com China Minsheng Bank, JD.com Unveil Digital Yuan Collaboration

China’s Minsheng Bank has announced it is teaming up with the CBDC-keen e-commerce giant JD.com to launch a digital CNY-powered payment service.

07.08 / 06:31

Manufacturing China hits back against Western sanctions | Mint Primer | Mint

As the US-China trade war intensifies, China wield... moreAs the US-China trade war intensifies, China wields its control over rare earth minerals as a potent tool against American pressure.

07.08 / 06:09

UPS IPO Booking CEO Pool social TINA factor: Sunil Subramaniam explains why India is a long-term destination for even FIIs

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “almost more than a quarter of the FII flows are long-term flows. Over the last three years, that flow to India has already more than doubled and it will go even more as focus shifts from China to India. That pool of capital is going to look at India as a long-term bet and from a long-term perspective, it is always the TINA (There Is No Alternative) factor because I don't see liquidity drying up in the global arena.” Subramaniam further says that “there is no cause to be concerned for a medium-term investor in India whether that is an FII or a domestic investor.

07.08 / 06:09

COST Target FIVE Ford awards Liontown snares Western alliance solution to funding shortfall

Kalgoorlie | Liontown Resources has won backing from a coalition of government finance agencies in Australia, South Korea and the US to bridge a $300 million funding shortfall for its flagship lithium project in Western Australia.

07.08 / 05:21

UPS Twitter Microsoft PayPal Platform Apple The rise of the super-app

Elon Musk bored of the town square already? A month after completing his acquisition of Twitter, his iconoclastic gaze appears to be trained on the entire city. Mr Musk wants to build a super-app. Whether called “Twitter 2.0", “The everything app" or “X", his plans are still super-vague.

07.08 / 05:15

Provident Remark stage England vs Nigeria, Australia vs Denmark: Women’s World Cup matches today; when and how to watch

There are two matches to be played on August 7. Let’s have a look at both of them. England are coming to the Round of 16 with a spotless record in the group stages.

07.08 / 05:01

business Tether Celsius Worldcoin Weekend Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more

The former chief executive of crypto lending platform Celsius Network, Alex Mashinsky is back on track to face a civil fraud lawsuit after a Supreme Court judge denied his motion to dismiss the case.

07.08 / 05:01

country Modi government significantly enhancing border infrastructure: EAM Jaishankar

Modi government has significantly enhanced border infrastructure in the last nine years, including along the frontier with China, External Affairs Minister S Jaishankar said on Monday. In an interaction with a group of journalists, he said infrastructure push along the Northern border is going to determine India's response to national security challenges.

07.08 / 05:01

UPS BLOCK Booking CEO Merit Deal Rahul Jain on how VSS AntFin deal will prove to be good for Paytm

Rahul Jain, VP Research, Dolat Capital, says it takes away the risk of hostile transaction possibilities in case AntFin stake is purchased by one single entity as they own close to 25% at that point of time. With this deal, AntFin, an affiliate of China’s Ant Group Co, will cease to be the largest shareholder in Paytm. Also, Paytm’s payment services license was pending for approval for more than six months now and the constraint was related to Chinese ownership.Paytm CEO Vijay Shekhar Sharma will purchase 10.30% stake from AntFin Holding. Do you think this is just technically a book entry where the ownership from the right-hand moves to the left-hand?I would say this helps in multiple ways.

07.08 / 04:39

Lowe's ETF AXY Fitch Gold Prices Gold prices recover on cooling US labour market. Should you buy?

Gold rate today: Amid US dollar hitting three-week low and Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting scheduled to begin from tomorrow, gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,550 per 10 gm and continue to remained sideway around its two week higher levels that it had achieved during Friday deals last week. In international market gold prices shed around 0.20 per cent during early morning session at various Asian stock markets.

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