China Financial News

BRICS bloc and its five countries comprising the grouping are deeply connected in terms of values, India's culture minister Meenakshi Lekhi has said. Lekhi, the Minister of State for External Affairs and Culture, met culture ministers of BRICS countries in the Mpumalanga province of South Africa on Friday ahead of the BRICS Summit in Johannesburg next month.

Tata Steel, India's largest steelmaker, is scheduled to announce its first-quarter results for FY2024 in this week. Analysts are expecting the company to report strong earnings growth, driven by robust sales and margin expansion. Tata Steel is expected to report strong earnings growth in the first quarter of FY2024, driven by robust sales and margin expansion.

FRANKFURT (Reuters) — Mercedes-Benz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche.

By Louis Juricic and Sarina Isaacs

BEIJING (Reuters) — China's Alibaba (NYSE:BABA) Group said on Sunday it had decided not to participate in affiliate Ant Group's proposed repurchase of shares, but would maintain its shareholding in the company.

(Reuters) -Elon Musk said on Sunday he was looking to change Twitter's logo, tweeting: «And soon we shall bid adieu to the twitter brand and, gradually, all the birds».

Even as Indian goods exports to the rest of the world are slowing, engineering goods exports to Russia and other CIS countries have registered a sharp uptick, jumping nearly three times from June last year, exporters said. The Russia-Ukraine war, which entered its 18th month, has caused food and fuel prices to spike while creating a slump in demand for goods and services in the West. Indian goods exports have now declined for six consecutive months.

Hua Hong Semiconductor said on Sunday it aims to raise up to 21.2 billion yuan ($2.95 billion)in a listing on the Shanghai stock exchange. The country's second-largest chip foundry will sell 407.75 million shares priced at 52 yuan per share, it said in a statement to the exchange.

Chinese nationals have been arrested in Bihar by immigration officials who noted that they had sneaked into the Indian territory, through Nepal, for the second time in less than a month. They were arrested on Saturday night at the Raxaul border outpost falling in East Champaran district, Assistant Foreigner Regional Registration Officer SK Singh said.

India’s engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said. The country’s shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, however, showed positive growth during the same period, the Engineering Exports Promotion Council of India (EEPC) said.

Elon Musk said on Sunday he was looking to change Twitter’s logo, tweeting: “And soon we shall bid adieu to the twitter brand and, gradually, all the birds”. In a post on the site at 12:06 a.m. ET (0406 GMT), the social media platform’s billionaire owner added: “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.”

Astra Air’ to air missile on the combat aircraft. The move, if implemented could prove to be a big step for the ‘Make in India’ initiative, wherein indigenously made weapons would be integrated into the globally popular fighter jet.  The French made Rafale Fighter jets are used by many countries including India, France, Egypt, Qatar and many others along with Greece, Croatia, UAE and Indonesia, have placed orders for these planes.

India's engineering exports to major markets like the United States, the European Union (EU) and China continued to decline in June 2023, reflecting a challenging global trade environment, EEPC India said. The country's shipments to West Asia and North Africa (WANA), North East Asia, and CIS countries, however, showed positive growth during the same period, the Engineering Exports Promotion Council of India (EEPC) said. India's engineering exports declined for the third straight month in June 2023, falling 11 per cent year-on-year to USD 8.53 billion.

We had positive consideration for a few sectors and optimism for India’s long-term economic progress. However, we recognised the near-term risk of India underperforming the rest of the world, being the most expensive market in the world. We were 100% and 40% overvalued compared to China and EMs at that time.

BRICS summit, NSA Doval will also bilateral meeting with Yang Jiechi. The meeting between Indian NSA and Chinese diplomat is prominent, especially given the Chinese aggression in East Ladakh in May 2020.  While China has been disengagement of troops in Galwan, Gogra-Hot Springs and Pangong Tso lake spurs areas, Chinese troops are yet to disengage from the Line of Actual Control (LAC) in East Ladakh. PLA has also increased its deployment in the Daulet Beg Oldi sector and is not allowing the Indian Army to patrol the Depsang Bulge areas and Chading Ninglung Nullah junction in Demchok.

₹12 lakh in purchasing-power-parity (PPP) rupees – a tad less than the entry price of a full sedan from Maruti or Honda in India (not the sub-four-metre ‘compact’ sedan that’s unique to India). Instead, a Mercedes C300 in India starts at over ₹65 lakh. The reason? Taxes.

natural gas prices shed more than 70 per cent in the last 12 months, influenced by a complex interplay of supply and demand dynamics shaped by geopolitical events, weather patterns, technological advancements, and global economic conditions. In the key US NYMEX futures platform, prices have been struck at $2-3 mmbtu levels since the start of the year. Similarly, after hitting an all-time high of Rs 801 in domestic MCX futures, prices plummeted sharply, trading below Rs 250 levels throughout the period.

Will textile companies which came into focus post Covid be able to take the full advantage of the PLI scheme and stay on path of consistent and above-average profitability or it will be just another phase, analysts are more positive than they have been in the past. Some of the initial outperformers in the stock market rally which started after covid outbreak, were from the textile sector.

Covid-19 infection that originated in China about three years ago.  The report stated that many terrifying diseases like Ebola, Zika, HIV AIDS, and others originated from animals which are called zoonotic diseases, according to a report published by USAToday.  Researchers found that a contagious virus could easily jump from animals to people in the United States, sparking a deadly outbreak.  Ann Linder, one of the report’s lead authors said, “There really is this false sense of security and unfounded belief that zoonotic disease is something that happens elsewhere. In fact, I think we're more vulnerable than ever in many ways." The report also highlighted the possible areas of transmission including close contact of livestock with each other in commercial farms, wild animal trade, fur trade, etc.

maritime interests, contribute to regional security, and foster peace and stability," said Admiral Hari Kumar. India has steadily bolstered its defence partnership with Vietnam in recent years.

Gross domestic product grew at a slower-than-expected pace of 6.3% from a year earlier, when dozens of Chinese cities were in lockdown. Compared with the first quarter, GDP rose less than 1%.