China Financial News

26.07 / 10:05

UPS Reuters Nissan Patterson country Oil steadies ahead of Fed rate decision

By Natalie Grover

26.07 / 09:53

business Adoption WeChat ChatGPT Support Alibaba to support Meta’s AI model Llama - report

E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs.

26.07 / 09:35

business regulation Senate U.S. US Senate wants companies to report investments in Chinese technologies

On July 25, the United States Senate backed bipartisan legislation mandating U.S. companies to report any investments in Chinese technologies.

26.07 / 09:35

business Blockchain NASDAQ Ant Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

Ant Group, a company backed by billionaire Jack Ma, is reportedly planning to restructure and cut ties to some operations that are not core parts of its Chinese financial business. The move prepares the company for a potential initial public offering (IPO) in Hong Kong.

26.07 / 08:55

COST UPS Target Progressive Porsche Threat Porsche's EV sales target under threat from supply chain snags

By Victoria Waldersee

26.07 / 08:31

Manufacturing Strategy Barrett show Early votes at Bubs indicate spill at infant formula maker to fail

The long-running dispute between the current and former management of Bubs Australia is coming to an end with early voting indicating a proposal from dissident investors to spill the board of the infant formula manufacturer does not have the support of most shareholders.

26.07 / 08:21

Blockchain Cooper Waters Remark Actor country nsa ‘BRICS can work on listing terrorist outfits under UN counter-terrorism sanctions regime,’ says NSA Ajit Doval

BRICS group (Brazil, Russia, India, China, and South Africa) should collaborate in the effort to list terrorists and their proxies under the UN counter-terrorism sanctions regime. However, NSA emphasized the importance of conducting this process without any involvement of politics or biased standards. In essence, he urged for a fair and impartial approach to counter-terrorism measures within the BRICS nations.

26.07 / 08:05

Citi Provident Twitter MET Waters show information 'No information': Beijing bats away questions on Qin Gang removal

foreign ministry declined to comment on Wednesday on the abrupt sacking of senior diplomat Qin Gang, while scrubbing mentions of him from a government website. Qin, who has not been seen in public for more than a month, was removed from office by Beijing's top lawmaking body on Tuesday after just 207 days in the job. That followed weeks of speculation that the former Chinese ambassador to the United States and one-time confidant of President Xi Jinping had suddenly fallen out of favour.

26.07 / 07:59

UPS Matrix 7th Pay Commission DA to increase over 50% – Will there be 8th CPC? Modi Govt replies

8th Pay Commission News: The Dearness Allowance (DA) rate for Central Government Employees is expected to cross 50% or even more by January 2024. The rate of DA is currently decided by the recommendation of the 7th Pay Commission. The previous pay commission had also recommended that future pay revision should be done when DA/DR reaches 50% or more than the basic pay to neutralize the impact of inflation. In view of this, is the Government planning to constitute the 8th Pay Commission?

26.07 / 07:37

UPS Target Puma singer Puma highlights 'volatile' demand after rise in second-quarter sales

By Linda Pasquini and Helen Reid

26.07 / 07:13

UPS Citi Waters HANS Simulation stage Taiwan defends largest airport against simulated Chinese attack

Taiwan staged its first-ever military drill at Taoyuan International Airport on Wednesday, briefly halting commercial traffic as soldiers practised defending the facility against a simulated attack by Beijing. The exercise is part of Taiwan's week-long massive wargames — the annual «Han Kuang» (Han Glory) drills — which this year has included protecting civilian airports as Beijing ramps up military and political pressures on the island.

26.07 / 07:01

Citi Provident FIVE Digital Metro Shaoxing, China, Launches Asian Games-themed Digital Yuan Giveaway – CBDC Showcase Planned

The Chinese city of Shaoxing is planning an Asian Games-themed digital yuan giveaway, as the nation prepares for a major central bank digital currency (CBDC) showcase.

26.07 / 06:27

Citi Man Dreams film love covid19 star From waiting tables to becoming a popular TV star in China, this Uttarakhand man's tale of perseverance makes for classroom study

China and has found an honourable mention in Chinese school textbooks! The rags-to-riches story of Dev Raturi is no doubt, a tale for the ages. Hailing from Kemriya Saur, a little hamlet located at a remote corner in Uttarakhand’s Tehri Garhwal district, this die-hard Bruce Lee fan wanted to follow in the footsteps of his idol and make a name as a karate champion. However, money was short. After a failed audition for a role in a Hindi movie in 1998, Raturi decided to dedicate himself to karate. He did various menial jobs in Delhi for a decade, before saving enough to migrate to China. He eventually landed a job as a waiter in an Indian restaurant in Shenzhen in 2005.

26.07 / 06:27

Provident Manufacturing Huawei Vodafone stage country Chinese telco ZTE is on the hunt for new routes into India

ZTE is in talks for transfer of technology and designs and formation of a joint venture with Indian companies, TOI reported. The move comes as the company is looking to freeze on the business amid Indian government’s constant concerns towards security. Apart from ZTE, Huawei is also facing the heat from the Indian government amid border tensions between the two Asian nations.

26.07 / 06:25

Twitter CEO Tesla film show performer social Time elon ‘Every time Barbie says patriarchy’: Elon Musk slams Greta Gerwig's film

Elon Musk slammed Greta Gerwig's enchanting Barbie film and said that every time Barbie says the word ‘patriarchy’. In a tweet, the Tesla CEO wrote, "If you take a shot every time Barbie says the word ‘patriarchy’, you will pass out before the movie ends." Musk's tweet came in response to a Barbenheimer meme that compared Twitter to Barbie and his new X name for his social network to Oppenheimer. Barbie has performed remarkably well in its Top 10 markets, with North America leading the pack at $162 million.

26.07 / 06:05

UPS MET Reuters Action star foreign Returns A familiar face for the US as China's Wang returns as foreign minister

By Michael Martina and David Brunnstrom

26.07 / 06:05

Target show Oil creeps lower with Fed hike, U.S. inventories in focus

Investing.com — Oil prices fell slightly on Wednesday as investors hunkered down before a widely-expected rate hike by the Federal Reserve, while signs of a potential build in U.S. inventories also weighed.

26.07 / 06:05

UPS Lowe's Target show performer Asia FX slips as Fed hike approaches, Aussie slides on weak CPI

Investing.com — Most Asian currencies retreated on Wednesday, while the dollar steadied as investors hunkered down before a widely expected interest rate hike from the Federal Reserve.

26.07 / 06:05

COMPOSITE Samsung show country electronic Asian stocks Asian stocks dip before the Fed, Australia rallies on soft inflation

Investing.com — Most Asian stocks moved in a flat-to-low range on Wednesday before a widely expected interest rate hike by the Federal Reserve due later in the day, while Australian shares rallied on weaker-than-expected inflation data.

26.07 / 05:39

Facebook Provident Microsoft Google Platform Enterprise Alibaba's cloud unit brings Meta's AI model Llama to its clients

HONG KONG (Reuters) — Alibaba (NYSE:BABA)'s cloud computing division said it has become the first Chinese enterprise to support Meta's open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develop programs off the model.

26.07 / 05:13

UPS Fighting Strategy show country Analysis-Dollar’s decline throws spotlight on battered commodity currencies

By Saqib Iqbal Ahmed