China Financial News

01.08 / 19:33

FIVE VISA CEO Landmark social exclusive Ethnic workers (including those on visas) describe their EY experience

EY Oceania personnel from non-Western ethnic backgrounds, along with those of Hindu, Islamic or Buddhist faith, are most likely to say they have experienced racism and discrimination at the big four consulting firm.

01.08 / 18:41

UPS country Russia crude imports up 5% in July

Private sector refiners helped boost India's imports of Russian oil in July after a decline in June amid reports of narrowing discounts. India imported 1.92 million barrels a day of Russian crude in July, almost reaching the record levels of May, according to energy cargo tracker Vortexa. Imports in July were 5% higher than in June and barely 6,000 barrels per day lower than in May.

01.08 / 17:59

Is that a human in costume? Chinese zoo insists its sun bear is real

A Malayan sun bear named Angela living in a Chinese zoo has been the subject of much chatter after a video of her circulating online led to viral speculation that she is actually a human wearing a bear costume.

01.08 / 17:53

UPS Action SpaceX stage country Caught Between China and Russia, Mongolia Seeks Closer U.S. Ties

BEIJING—Sparsely populated and sandwiched between two authoritarian powers, Mongolia is positioning itself as a resource-rich, democratic partner for the U.S. in Asia amid growing competition between Washington and Beijing over the minerals needed to pursue cleaner energy. That push will be at the heart of a visit by Mongolia’s prime minister to Washington this week, as his country attempts to draw itself closer to the West in a bid to diversify its economy without angering its powerful neighbors Russia and China.

01.08 / 17:23

business Binance Asia services Binance Japan begins launching trading services for residents

Major cryptocurrency exchange Binance has announced the launch of a Japan-based arm roughly two years after receiving a warning from the country’s financial regulator.

01.08 / 17:09

Apple Tesla country mars elon Elon Musk shares a photo of Testa Phone, boasts, 'can be used from Mars'

Tata Motors imports battery cells from China.

01.08 / 16:41

UPS Action country star FIFA Women’s World Cup 2023: Australia to clash with Denmark in round of 16 match. See details

Denmark in their first official knockout game of the FIFA Women's World Cup 2023 round of 16. It was practically obvious that Australia would face Denmark in this vital round of the competition after England's commanding victory over China in Adelaide.

01.08 / 14:46

UPS Reuters Apple Tesla country Indian Tesla needs to copy Apple in pairing Chinese, Indian suppliers, say officials: Report

Indian officials have advised Tesla—building a plant in India—to follow Apple in finding “local firms to partner with any Chinese suppliers involved" Reuters reported Tuesday citing government sources having direct knowledge of the matter. The company is in talks with New Delhi about setting up a factory in India but strained India-China ties—after 2020 border clashes—complicate Tesla's plans for bringing in Chinese suppliers crucial for components as India does not have local suppliers for the same.

01.08 / 14:03

UPS NASDAQ DOW Manufacturing MSCI global economy Gloomy data tempers optimism on global economy

By Lawrence Delevingne and Tom Wilson

01.08 / 13:25

Lowe's Manufacturing Enterprise show country Oil dips on weak manufacturing data, dollar strength

Investing.com — Crude oil prices retreated Tuesday, handing back some of last month’s strong gains on worries about slowing global growth, while strength in the dollar also weighed.

01.08 / 13:05

COST UPS Reuters show country Latin Brazil's industrial output surprises with small rise in June

SAO PAULO (Reuters) — Industrial production in Brazil surprised economists with a small increase in June, but the positive figures are unlikely to prevent the central bank from kicking off a monetary easing cycle later this week.

01.08 / 13:05

Reuters Manufacturing Action show Oil steadies near three-month high on tighter supplies

By Natalie Grover

01.08 / 13:05

Provident Reuters BlackRock MSCI WSJ show BlackRock, MSCI face probe for allegedly facilitating China investments - WSJ

(Reuters) — Asset manager BlackRock (NYSE:BLK) and index provider MSCI are being investigated by a congressional committee for allegedly facilitating China investments, Wall Street Journal reported on Tuesday, citing letters to the companies from the panel.

01.08 / 12:49

Platform Tencent ByteDance TikTok social lawmakers Australian Australian lawmakers recommend potential WeChat ban on government devices

WeChat on government devices. Tuesday's report contains 17 recommendations including new transparency rules enforceable by fines, expanding an existing TikTok ban on government devices to contractors and investigating a ban on WeChat on government devices.

01.08 / 12:39

UPS electronic Chip Imports From China Up 53% In 3 Years; Is India Too Dependent On China? | Details

According to data submitted by Minister of State f... moreAccording to data submitted by Minister of State for Electronics and Information Technology Rajeev Chandrasekhar in Rajya Sabha.

01.08 / 12:39

Citi Art country Inside reports stake Chinese tech titan Jack Ma turns to farming, invests 10% stake in agrotech startup: Reports

Business Insider on 1 August, quoting a report from South China Morning Post. Incorporated on 20 July in Hangzhou city, the agrotech startup is called '1.8 Meters Marine Technology (Zhejiang) Co', said the report, adding Ma's off of investment holdings companies, Hangzhou Dajingtou No. 22 Arts and Culture Co., invested a 10% stake in the startup.

01.08 / 12:37

COST UPS Apple Tesla country Indian India asks Tesla to copy Apple in pairing Chinese, Indian suppliers

Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter. Tesla has been in talks with India for weeks about setting up a factory which will potentially build a $24,000 car for local sales and exports, however strained India-China ties threaten to complicate Tesla's plans for bringing in Chinese suppliers.

01.08 / 12:27

Target CEO Gap Caterpillar Merck Pfizer Incyte Stocks making the biggest moves premarket: Uber, Gap, Caterpillar & more

Check out the companies making headlines before the bell on Tuesday.

01.08 / 11:39

COST beautiful The Allure of Beauty Stocks Is Fading

Beauty stocks are losing their glow. The cosmetics industry historically has been more resilient than other discretionary categories during inflationary periods because consumers are reluctant to alter their grooming habits. Yet companies are now grappling with challenges including changes in consumer tastes and spending patterns, a slower-than-expected rebound in demand from China and a rise in theft.

01.08 / 11:39

UPS Target FIVE Compilation BlackRock MSCI BlackRock, MSCI Face Congressional Probes for Facilitating China Investments

The world’s largest asset manager and a top stock-market-index compiler are being investigated by a congressional committee for facilitating American investment in Chinese companies the U.S. government has accused of bolstering China’s military and violating human rights. The House of Representatives’ Select Committee on the Chinese Communist Party notified BlackRock and MSCI on Monday of the probes into their activities, according to letters viewed by The Wall Street Journal.

01.08 / 11:15

UPS Target Manufacturing BMW performer Stocks down on mixed earnings, dollar up slightly

Markets kicked off August on a cautious note as investors responded to the latest corporate updates and news on the health of China’s economy. The dollar posted modest gains.

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