China Financial News

25.07 / 07:35

UPS Lowe's Reuters show country Yuan jumps as Beijing vows to bolster economy

By Rae Wee

25.07 / 07:35

UPS Lowe's Target show Asia FX rises, dollar stumbles as Fed meeting approaches

Investing.com — Most Asian currencies firmed on Tuesday, aided by a mix of dollar weakness and promises of more Chinese stimulus aided sentiment, with focus now turning to an upcoming Federal Reserve meeting.

25.07 / 07:25

Blockchain Provident Digital Platform Software Pool Enterprise INX to Tokenize and List Casper Labs Equity on Regulated ATS Platform

Accordint to Blockchain.News, INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF), a US-regulated broker-dealer, ATS, and transfer agent, announced on July 19, 2023, that it will tokenize and list the equity of Casper Labs, a leading enterprise blockchain software provider.

25.07 / 05:49

MET Career country nsa India-China ties: NSA Ajit Doval discusses bilateral ties with top Chinese diplomat Wang

BRICS meeting in South Africa on Monday, according to a statement issued by the Ministry of External Affairs. During the meeting, NSA conveyed that the situation along the LAC in the Western Sector of the India-China boundary since 2020 has eroded strategic trust and the public and political basis of the relationship, the statement read.

25.07 / 05:41

UPS COMPOSITE MSCI Nikkei Asia shares rebound sharply on China policy pledges

By Ankur Banerjee

25.07 / 05:25

Reuters Man MER country symptoms What is the new MERS Coronavirus detected in Abu Dhabi? Symptoms developed without any contact history

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

25.07 / 05:01

performer country private credit India’s Piramal plans to raise $1.5bn for private credit

Piramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer. The unit of Piramal Group, which is controlled by billionaire Ajay Piramal, has four existing private credit funds that together have raised $4 billion, said Kalpesh Kikani, managing director and chief executive officer at Piramal Alternatives.

25.07 / 04:45

UPS HSBC performer country China state banks seen selling US dollars to prop up yuan -sources

SHANGHAI/BEIJING (Reuters) -China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge of the matter said, moves aimed at supporting the Chinese currency.

25.07 / 04:43

UPS Target Manufacturing Japan's export curbs on chip equipment to China take effect

China from creating high-end semiconductors suitable for military applications, Japan's curbs on the export of advanced chip-making equipment went into effect on Sunday, Kyodo news reported. Japan included 23 goods used in chip fabrication that need authorisation for export with the modification of a trade ministry ordinance under the foreign currency law.

25.07 / 04:43

UPS Target performer Disappointed with ITC demerger, avoiding metal stocks: Pankaj Pandey

Pankaj Pandey, Head Research, ICICIdirect.com, says the ITC demerger was a bit of a disappointment largely because a vertical split would have been a lot better from an investor perspective. “I do not think we will be raising our target prices because of that bit of a let-down in terms of expectation.”What are you making of the ITC demerger? Are you disappointed by the complicated structure or the fact that the news is finally out and that is something to watch out for?This demerger is a bit of a disappointment largely because a vertical split would have been a lot better from an investor perspective. But from a per share perspective, the hotel business was contributing over Rs 25.

25.07 / 04:25

UPS Reuters Manufacturing COMPOSITE track Rupee opens 11 paise higher at 81.71 against the US dollar

US Federal Reserve meeting, due on Wednesday. S&P Global said its flash US Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 52 in July from 53.2 in June. The data reinforced expectations that the near-certain rate hike by the US central bank this week would be the last of the current cycle, Reuters reported.

25.07 / 04:25

UPS FIVE Compilation show Latin Brazil is pushing the US out of world’s biggest soybean market

soybean market is dominated by one major buyer: China. For years, Brazil has taken an increasingly bigger share of that trade away from the US. Now, South America’s shippers are even starting to dominate during the typical season lull.

25.07 / 04:25

MET Cooper Career track country nsa NSA Doval meets top Chinese diplomat Wang Yi in Johannesburg, discusses bilateral ties

Doval has met top Chinese diplomat Wang Yi and discussed bilateral ties with him. The meeting took place on the sidelines of the Friends of BRICS meeting here in South Africa on Monday. The meeting came days after External Affairs Minister S Jaishankar met Wang, director of the Office of the Foreign Affairs Commission of the Communist Party of China Central Committee, in the Indonesian capital Jakarta, and discussed outstanding issues relating to peace and tranquillity in border areas.

25.07 / 04:13

Target Reuters Manufacturing country electronic Vietnam aims to raise annual raw rare earths output to 2 million t/yr by 2030

By Khanh Vu

25.07 / 03:23

UPS Lowe's COMPOSITE MSCI Nikkei Support Asian shares rally after China pledges economic support steps

Asian shares jumped on Tuesday as China's pledge to step up policy support for its stuttering economy soothed sentiment and lifted beaten down Hong Kong and Chinese stocks, while the dollar eased ahead of the Federal Reserve meeting this week. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.2% higher and on course to snap a six-day losing streak.

25.07 / 03:23

UPS Lowe's Reuters Manufacturing show Euro staggers as traders wary of hawkish ECB; dollar gains

euro hit a two-week low on Tuesday as a worsening downturn in euro zone business muddied the bloc's rate outlook against a still-hawkish European Central Bank (ECB), while the dollar rose ahead of this week's trio of major central bank meetings. The offshore yuan strengthened in early Asia trade, following comments from China's top leaders on Monday pledging to step up policy support for its flailing economy. The euro was shaky at $1.1063, up just 0.02% having slumped to a two-week low of $1.1059 earlier in the session, after a survey on Monday showed euro zone business activity shrank much more than expected in July, reigniting recession fears.

25.07 / 03:13

Schools Schools Bandh: Telangana, Andhra Pradesh schools closed today as students’ union calls strike. 10 point

Several schools across Telangana and Andhra Pradesh are likely to remain closed on Tuesday as All India Students’ Federation (AISF) and the Communist Party of India (CPI) to protest against the various irregularities prevalent in the education sector.

25.07 / 03:01

Lowe's COMPOSITE KOSPI performer country Asian stocks Asian stocks muted as Fed looms, China rallies on stimulus talk

Investing.com-- Most Asian stocks kept to a tight range on Tuesday as markets awaited more cues from a Federal Reserve meeting this week, while Chinese markets rose sharply after top officials promised more policies to support growth.

25.07 / 03:01

UPS Extreme show country Oil prices Oil prices rise as tight supply, China stimulus offsets Fed jitters

Investing.com-- Oil prices rose slightly in Asian trade on Tuesday, sticking to three-month highs as signs of tighter supply and expectations of more Chinese stimulus helped offset uncertainty over an upcoming Federal Reserve meeting.

25.07 / 03:01

COST UPS Target Yellow show copper Gold retreats further on eve of Fed decision, copper rises

Investing.com-- Gold prices edged lower on Tuesday, extending losses into a fourth straight session as markets hunkered down before a Federal Reserve meeting this week, while copper saw some strength as focus remained on Chinese stimulus measures.

25.07 / 02:17

UPS Lowe's Booking Gap NIFTY Support Nifty predictions July 25: Immediate support for Nifty seen at 10-DEMA of 19,650

Nifty indicate a gap up opening for the Indian benchmark index. The Gift Nifty was trading flat at around 19,713 level as compared to Nifty’s previous close of 19,672.35. The Nifty index witnessed a bout of profit booking in the previous session after mixed Q1 results from some companies and fell for the second consecutive session.

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