China Financial News

25.07 / 01:33

UPS DOW Action NIFTY Nikkei Indian US stocks Gift Nifty, Asian markets, Chinese economic stimulus to US stocks rally - key triggers for Indian stock market today

equity market remained weak amid mixed corporate results for the June quarter. “We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

25.07 / 01:23

CBDC Digital Citizens RBC country lawmaker Top Lawmaker Suggests China and Russia’s CBDCs Are ‘Compatible’

A leading Russian lawmaker says China and Russia’s CBDCs may be “compatible” and could be used to make international payments between the nations.

25.07 / 01:09

UPS MET Aware Manufacturing Tesla electronic Top Tesla executives likely to meet Union Minister Goyal soon, talk manufacturing plans

Tesla Inc executives are likely to meet Union commerce and industry minister Piyush Goyal soon, to discuss the US electric vehicle maker's plans to set up car and battery manufacturing facilities in India. The development follows a virtual meeting between Goyal and Tesla chief executive Elon Musk earlier this month, people aware of the details told ET. Stakeholder ministries — the ministry of commerce and industry as well as the ministry of electronics and information technology (MeitY) — have been discussing the electric carmaker's plans since Musk met Prime Minister Narendra Modi in the US during his state visit last month, said the people cited.

25.07 / 00:57

Cooper Progressive country After China, US climate envoy John Kerry on 5-day India visit. Here's what's on agenda

renewable energy and storage solutions, support the deployment of zero-emission buses, and diversify clean energy supply chains. "In Chennai, Secretary Kerry will attend the G20 Environment and Climate Sustainability Ministers Meeting," the statement read. Notably, the G-20's environment and climate sustainability ministers will meet on July 28 in Chennai.

25.07 / 00:53

UPS Lowe's show country Oil prices Oil prices edge higher on tighter supply, China hopes

By Stephanie Kelly

24.07 / 23:15

Siemens Porsche Mercedes-Benz Samsung BASF Panasonic UK battery startup Nexeon to supply Panasonic with advanced material

By Paul Lienert

24.07 / 22:51

UPS FIVE Manufacturing Strategy reports fall Pilbara Minerals reports 33pc fall in lithium prices

Pilbara Minerals expects to settle on a new partner in downstream lithium processing within the next five months as it continues to boost production at its Pilgangoora mine in Western Australia.

24.07 / 20:07

UPS country Govt rejects Chinese BYD-Megha Engineering's $1 billion proposal to set up EV plant

₹8,200 crore). Sources said that the proposal was submitted to the commerce and industry ministry which was circulated for necessary scrutiny and approval from the ministry of heavy industries, the ministry of external affairs and the home ministry. It was discussed and decided not to approve the proposal, they said.

24.07 / 20:05

Target Strategy China’s Politburo signals easing property policies, debt risk plan

China's top leaders signaled they will ease property policies and adopt a plan to resolve local debt risks to help boost the economy as the recovery falters. The Communist Party's 24-member Politburo its top decision-making body led by President Xi Jinping vowed at a key economic policy meeting to optimize and adjust policies for the property sector.

24.07 / 19:41

COST FIVE CEO Hennessy stage beautiful Deal LVMH strikes Paris Olympic Games sponsorship deal

PARIS (Reuters) — Luxury giant LVMH unveiled on Monday a deal to sponsor next year's Olympic Games in Paris with top fashion brands Louis Vuitton and Dior, Moet Hennessy champagne and spirits labels and jeweller Chaumet, which will design medals for the event.

24.07 / 19:01

UPS Citi Mobile Celebrity country cover India rejects $1B BYD proposal amidst 'security concerns'

The Economic Times reported over the weekend that India has rejected Chinese automaker BYD's (OTC:BYDDY) proposal to set up a $1 billion factory in the country through a partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd.

24.07 / 18:49

COST UPS Lowe's Progressive Manufacturing Low ‘Lower input cost to offset impact of low steel prices’

Edited excerpts: What’s your view on JSW Steel’s Q1 performance amid challenges posed by declining steel prices and rising coal costs? In Q1, JSW Steel did fairly well. Higher coal costs seen in February-March came into cost structure during Q1. Coking coal prices rose by $11 a tonne over Q4, and we were able to mitigate that through a better blend.

24.07 / 18:49

Provident Manufacturing Action Enterprise show Govt initiates review of CVD imposition on stainless steel

NEW DELHI : The Prime Minister’s Office (PMO) has initiated discussions on the potential imposition of countervailing duty (CVD) on stainless steel, raising hopes within the industry that such an action will curb cheap imports from China and support small and medium producers in India, two people familiar with the development said. The PMO has started talks with the industry and the ministries of steel and commerce, the people said, requesting anonymity. “The PMO has sought details on the impact of not implementing CVD on local producers," one of the two people said.

24.07 / 18:39

UPS Provident Airlines awards HC tells MD of SpiceJet to appear in person

₹75 crore to Kal Airways within three months towards its interest liability under an arbitral award, but the amount remains unpaid even after the airline asked for an additional two-month extension. According to Singh, the Supreme Court, in its order on 7 July, observed that SpiceJet’s application was just a delaying tactic not to pay money even when there were court orders directing the same.

24.07 / 18:33

country social nsa Deal Cyber NSA Ajit Doval calls for joint efforts by Brics, 'friends' to deal with cyber risks

NSA Ajit Doval on Monday participated in the 'Friends of BRICS' meeting in Johannesburg on the sidelines of the Brics NSA meet and called for collective efforts to deal with cyber risks involving terrorists and radicals. At the meeting, the issue of cybersecurity was discussed at length, ET has learnt. In addition to Brics, the following 'Friends of Brics' countries participated — Belarus, Burundi, Iran, UAE, Saudi Arabia, Egypt, Kazakhstan and Cuba.

24.07 / 17:55

UPS MET Cooper Gap Align country ASEAN This month saw a change of wind that brings ASEAN closer to the Indo-Pacific

China, with Russia in tow, found themselves endorsing a document that embraces the Indo-Pacific as a viable regional construct. This goes against the grain of Chinese opposition to Quad.

24.07 / 17:47

Citi Provident Strategy Tesla Toyota Southern Joint Venture Toyota joint venture cuts 1000 jobs in China

Toyota Motor Corporation (NYSE:TM) revealed Monday that its joint venture with China’s state-owned Guangzhou, the Guangzhou Toyota Motor Co, has terminated early contracts of about 1,000 dispatch workers. The decision comes amidst mounting pressure from a price war in the world's largest auto market.

24.07 / 17:13

country ISRO arm’s second commercial mission for Singapore

NEW DELHI : New Space India Ltd (NSIL), the commercial space missions arm of the Indian Space Research Organisation (Isro), on Monday, announced the second consecutive commercial space mission, scheduled to take-off aboard Isro’s trusted rocket Polar Satellite Launch Vehicle (PSLV) on 31 July. The mission, numbered PSLV-C56, will deploy one primary and six additional satellites as part of the mission’s entire payload.

24.07 / 15:59

Citi Manufacturing Assurant Mobile Boeing Solomonic Australia to buy 20 C-130 Hercules aircraft from the US for $6.6 billion

Australia says it will buy 20 new C-130 Hercules planes from the United States in a $6.6 billion deal that will increase by two-thirds the number of the Australian air force’s second-largest heavy transport aircraft

24.07 / 15:59

UPS IPO CEO Platform Mobile Buyback Ant NOT Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

24.07 / 15:59

BLOCK Cooper Manufacturing NOT China urges Japan not to disrupt chip industry after technology curbs take effect

China’s government has appealed to Japan not to disrupt the semiconductor industry after Japanese curbs on exports of chip-making technology took effect, adding to technology restrictions Washington and its allies on security grounds have imposed on Be...

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