China Financial News

27.07 / 06:43

Facebook Man Action love country social Friend Anju case rerun. Now, a Chinese girl comes to Pakistan to meet her Snapchat friend

Anju case, a Chinese girl has come to Pakistan to meet her Snapchat friend. According to a report published on Pakistan's ARY News website, a Chinese girl named Gao Fang has come to Pakistan to meet her friend Javed Hashmi in Lower Dir. A police official told the media outlet that Gao Fang and Javed Hashmi were in contact with each other on the social media app Snapchat for three years.

27.07 / 06:11

Manufacturing show UK car output rises for fifth straight month in June - SMMT

(Corrects day in paragraph 1 to «Thursday» from «Friday», and dateline to July 27)

27.07 / 06:11

CBDC Digital Citizens country social Ruble Russian Regions Welcome Digital Ruble Developments – But When Will CBDC Debut?

Russian regions are welcoming news that the nation’s digital ruble pilot is set to officially launch on August 1, but banks and officials claim that a full CBDC rollout may not come until 2027.

27.07 / 06:11

Manufacturing Samsung KOSPI performer electronic surges Asian stocks Asian stocks rise, tech surges as Fed offers no surprises

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

27.07 / 06:11

UPS Lowe's Gap show performer Fed rate hike Asia FX rises as dollar sinks after Fed rate hike

Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year.

27.07 / 05:23

COST Compilation Pool country The harsh truth: We're using more oil than ever

demand? Not yet. Maybe one day, perhaps even soon, around 2030. For now, however, the global economy still runs on oil.

27.07 / 05:23

UPS Citi Southern band Shuts Down Schools Taiwan shuts down schools and offices as Typhoon Doksuri scrapes the island's coast

Taiwan's largest cities have shut down schools and offices Thursday as Typhoon Doksuri brought heavy rains and winds to the island's eastern and southern coast. Doksuri weakened further on Thursday, with sustained winds of 155 kph (96 mph) and gusts of up to 190 kph (118 mph), according to Taiwan's Central Weather Bureau.

27.07 / 04:47

Lowe's FIVE Maxim Racing Fallout Drag Low China VC slump is set to drag Asia-Pacific fundraising down to a decade low

BEIJING — China-focused venture capital and other private investment funds have had a slow start to the year and are set to drag down Asia-Pacific fundraising to the lowest in 10 years.

27.07 / 04:39

Target Citizens IOTA country Deal Pakistan's focus on IMF deal amid rising terrorism in its Khyber Pakhtunkhwa province

bailout package to cash-strapped Pakistan for its economic stability. In addition, Saudi Arabia, UAE, and China also extended a lifeline of USD 2 billion, USD 1 billion, and USD 700 million respectively to the South Asian country. Despite financial help from other countries and the IMF deal, Pakistan is still under the woods and tweaking its tough financial policies on demands led by the Washington-based financial body, making it difficult for common people to survive in the crisis-hit country.

27.07 / 04:23

Citi Provident MET BLOCK Cooper country Russia and North Korea forge closer ties amid shared isolation

Russia's defence minister was photographed this week viewing banned North Korean ballistic missiles with leader Kim Jong Un at a military expo in Pyongyang, signalling deeper ties between the two countries as they face off with the United States. As Russia's isolation over its war in Ukraine has grown, it has seen increasing value in North Korea. For North Korea's part, relations with Russia haven't always been as warm as they were during the heady days of the Soviet Union, but now the country is reaping clear benefits from Moscow's need for friends.

27.07 / 04:07

COST UPS Provident Target FIVE RIO Fortescue aims for fifth consecutive export record

Fortescue Metals expects to set a fifthconsecutive iron-ore export record in the year ahead, after beating analysts’ estimates and delivering to the top end of its target for the year to June 30.

27.07 / 03:29

business Law FTX Court Fried Sam Sam Bankman-Fried to have campaign donation charge dropped: Prosecutors

United States prosecutors have signaled they will drop a charge against FTX co-founder Sam Bankman-Fried, which had alleged he conspired to make unlawful campaign contributions.

27.07 / 03:25

SUN Celebrity boost North Korean leader Kim Jong Un meets Russian defence minister Sergei Shoigu, both sides pledge to boost ties

Also read: UN Command engages in talks with North Korea regarding detained US soldier: Report During a banquet in Pyongyang, Shoigu praised the North Korean military as the "most powerful" in the world. This statement was made during his meeting with his North Korean counterpart, Kang Sun Nam, as reported by news agency Yonhap, citing the Korean Central Broadcasting Station (KCBS).

27.07 / 03:07

Facebook UPS Target NASDAQ Platform Asian shares climb after Fed hikes as expected; eyes on Europe, Japan

Asian shares advanced and the dollar fell on Thursday after a well-flagged U.S. rate rise delivered no major surprises, although policymakers in Europe and Japan could pose risks for markets with their own interest rate decisions. S&P 500 futures rose 0.2% while Nasdaq futures gained 0.5%, helped by a 6.8% jump in Meta Platforms in after-hours trading.

27.07 / 03:07

UPS ANZ show rate hikes Oil up as supply tightness view offsets concerns from rate hikes

Oil prices rose on Thursday as investors focused on expectations of tighter supplies from top oil producers, helping reverse earlier losses that were driven by worries that the hike in interest rates by the U.S. will hurt demand. The promise of economic stimulus in China, the world's second-biggest oil consumer, also lent support to the market.

27.07 / 02:09

UPS Manufacturing cover fall China industrial profits fall in H1

BEIJING (Reuters) — China's industrial profits extended this year's double-digit pace of declines into a sixth month as waning demand took a toll on companies' profit margins, bolstering the case for additional policy support measures.

27.07 / 02:01

MET Cooper Fighting Celebrity show country Cooperation North Korean leader Kim Jong Un meets with Russian defense minister on military cooperation

Kim Jong Un met with Russian Defense Minister Sergei Shoigu to discuss military issues and the regional security environment, state media said Thursday as the country celebrated the 70th anniversary of an armistice that halted fighting in the 1950-53 Korean War. The North's official Korean Central News Agency said Kim and Shoigu talked Wednesday in the capital, Pyongyang, and reached a consensus on unspecified «matters of mutual concern in the field of national defense and security and on the regional and international security environment.» The report did not specify what was discussed.

26.07 / 23:01

COST Coca-Cola CEO ICE country Unseasonal rains unfavorably impact Coca-Cola’s India business

New Delhi: Unseasonal rains in the June quarter unfavorably impacted The Coca-Cola Company’s business in India but the beverage major kept its growth outlook for the market “intact". “India business was unfavorably impacted by unseasonable rain and cooler temperatures in the quarter. However, the growth outlook remains intact," James Quincey, Chairman and CEO of The Coca-Cola Company said during the company’s post earnings call on Wednesday.

26.07 / 18:57

COST UPS Manufacturing Intel electronic Elusive quest for semiconductor self-sufficiency

Semiconductors are the life blood of modern electronics, and their demand is increasing exponentially. India, a large consumer of electronics, is importing almost all its semiconductor needs to the tune of $24 billion a year (demand is expected to touch $110 billion by 2030). Massive supply disruption during the pandemic and emergence of virulent geopolitical tensions across the world, is forcing nations to seek self-reliance for accessing this precious commodity.

26.07 / 18:37

CBDC Adoption Investments Survey Indian Support Chinese, Indian investment professionals show strong support for CBDC in new survey

The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine the demand-side outlook on the financial technology.

26.07 / 18:25

UPS Lowe's Manufacturing Platform Tesla country Inside Low Tesla eyes Asian mkts with upcoming low-cost model

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

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