China Financial News
03.08 / 14:33
VISA
Swiss
reports
NOT
Schengen Visa application NOT suspended for Indians, Swiss Embassy refutes reports
Indian tourists, but also tourists from China. tour operators in India had also been disappointed by the news considering Schengen Visa and Switzerland tour form their most profitable ventures.
03.08 / 14:03
03.08 / 13:59
Manufacturing
Platform
country
social
‘Is this just a coincidence?’, netizens ask as govt imposes import sanction on laptops days after JioBook launch
import restrictions on laptops, tablets, and certain types of computers, citing security concerns and the desire to boost domestic manufacturing. This measure will not only limit the influx of these products from countries like China and Korea but also require importers to obtain government permission or licenses for inbound shipments. As per a government notification, the import of restricted items will be allowed only against a valid license.
03.08 / 13:49
UPS
Progressive
Manufacturing
Mobile
cover
electronic
Cabinet secretary reviews progress of PLI scheme in certain sectors; another meeting likely soon
Cabinet secretary Rajiv Gauba on Thursday reviewed the progress of the production-linked incentive scheme (PLI) for sectors that are «generally doing very well» like pharma and electronics, a senior official said. Another such review is expected for the remaining sectors, the official said. The scheme was announced in 2021 for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore.
03.08 / 13:29
business
Meta
open
Alibaba releases two open-sourced AI models to rival Meta’s Llama 2
Alibaba Group, the Chinese tech and e-commerce giant, announced the release of two open-sourced artificial intelligence (AI) models from its cloud computing department on Aug. 3, according to a press release.
03.08 / 12:39
Extreme
Indian
Why Morgan Stanley Upgraded Indian Equities & Downgraded The Chinese | Details
Morgan Stanley has upgraded its rating for Indian ... moreMorgan Stanley has upgraded its rating for Indian stocks.
03.08 / 12:31
COST
UPS
Manufacturing
Action
Cummins
cover
Costs
Cummins misses profit expectations on high manufacturing costs
(Reuters) — Engine maker Cummins (NYSE:CMI) reported a second-quarter profit on Thursday that missed analysts' estimates, hurt by high manufacturing costs.
03.08 / 11:53
Blockchain
Citi
Provident
Digital
Platform
HashKey
services
Crypto Platform HashKey Becomes First Licensed Exchange in Hong Kong to Offer Retail Services
Crypto exchange HashKey has become the first digital asset entity to receive a license under Hong Kong’s new crypto licensing regime.
03.08 / 11:35
ETF
Compilation
Strategy
Exodus
Invesco
track
cover
Commodity ETFs gain as traders bet recession will be avoided
Traders have piled into exchange-traded funds covering oil to metals and grains as investors wager that the global economy is set to avoid a painful recession, despite the prospect of higher interest rates.
03.08 / 11:17
03.08 / 11:13
business
Investments
NVIDIA
Samsung
Intel
AI chip developer gets $100 million from Samsung and Hyundai
The artificial intelligence (AI) chip developer Tenstorrent, announced the closing of a $100 million funding round on Aug. 3 which was led by major manufacturing companies Samsung and Hyundai, among others.
03.08 / 10:39
COST
UPS
Citi
Provident
Updates
Typhoon Khanun predicted to make U-turn and return to Japan, providing relief to China. Top updates
Typhoon Khanun would cause severe damage to China which is reeling from rain from an earlier typhoon that caused deadly flooding and damage in Beijing, reported AP. If the forecast from the Japan weather agency proves true, oit would largely spare China from a double whammy. Khanun, which means jackfruit in Thai, had sustained surface winds of 162 kph (100 mph) with higher gusts Thursday morning.
03.08 / 10:01
COST
Provident
VISA
country
electronic
H1B visa: US completes second round lottery; successful candidates informed. All you need to know
Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. "We now have randomly selected, from the remaining FY 2024 registrations properly submitted, a sufficient number of registrations projected as needed to reach the cap," US Citizenship and Immigration Services (USCIS) said on Tuesday.
03.08 / 09:35
Reuters
stage
testing
China's Tencent says it is internally testing its 'Hunyuan' AI model
Tencent Holdings said that its self-developed artificial intelligence (AI) model has entered the internal testing stage and is now integrated with multiple internal services and products.
03.08 / 08:57
Citi
Beijing floods: Typhoon Doksuri turns streets into canals; filthy floodwater submerges city| In pics
Beijing, the capital city of China experiences hea... moreBeijing, the capital city of China experiences heaviest-ever rainfall in140 years, leaving swathes of northern China submerged in filthy floodwater.
03.08 / 06:49
Facebook
Action
Racing
performer
country
Watch: Somalia athlete in no hurry to finish 100m race, netizens react
In a recent sports event that garnered attention in Somalia, officials faced criticism for their selection of a novice 100-metre sprinter, Nasra Abubakar Ali, to represent the country at the World University Games in China. The young athlete, lacking any prior experience in top-level competitions, took nearly twice the time of the eventual winner to complete the race, finishing in 21.81 seconds. The sports minister, Mohamed Barre Mohamud, issued an apology for the embarrassment caused by the selection, acknowledging that it was not a true representation of the Somali people.
03.08 / 06:49
Manufacturing
COMPOSITE
show
services
India's services PMI growth at 13-year high of 62.3 in July
Also Read: Morgan Stanley upgrades India to Overweight citing ‘less extreme’ valuations; downgrades China to Equal-weight "The resilience of the service sector underscores its vital role in fuelling India's economy, with the PMI results for July so far pointing to a notable contribution from the sector to overall GDP for the second fiscal quarter," noted Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. Meanwhile, the manufacturing sector PMI dipped to 57.7 in July, data released on Monday showed.
03.08 / 06:47
UPS
Manufacturing
CEO
Parke
Tesla
country
Leases
Ft
Tesla leases 5,850 sq ft office space in Pune amidst rising scrutiny of Chinese EV makers
Tesla headed by Elon Musk, is on its way to India and has been making significant strides toward establishing a manufacturing facility. Following a meeting between Prime Minister Narendra Modi and the Tesla CEO during Modi's recent visit to the US, the EV maker has gone ahead with its plans for the manufacturing facility by signing a five-year lease for a 5,850 sq ft office space in Pune.
03.08 / 06:31
UPS
Booking
Chase
show
country
gone
India will outperform and here are 3 sectors where weightage has gone up: Devina Mehra
Devina Mehra, Chairperson & MD, First Global, says “in March end, I had said this is the time to get in, when the index was sub 17,000. It has obviously run up from there. There might be a pause, there might be some correction here and there, but the broad trend still remains.
03.08 / 04:53
Man claiming to be a missionary accused of blowing $40M in Bible donations
The U.S. Department of Justice (DOJ) has issued an arrest warrant for a Georgia man who is accused of “misdirecting” US$30 million (about C$39.9 million) in donations to send Bibles to China.
03.08 / 04:43
PwC
China rules the $94-trillion global infrastructure market. India wants a share of the pie
The world would need $94 trillion between 2017 and 2040 to create infrastructure that can improve lives, according to Oxford Economics. PwC estimates the requirement at $3.9 trillion annually.
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