China Financial News

Bolivia’s president says the Andean country's total lithium resources have increased 2 million tons to a total of 23 million tons

BYD Motors' proposal to set up a $1 billion four-wheeler manufacturing facility in India in partnership with Hyderabad-based Megha Engineering and Infrastructures Ltd. The two companies had in their application to the Department for Promotion of Industry and Internal Trade (DPIIT) proposed to set up an electric vehicle plant in Hyderabad. The DPIIT had sought opinions from other departments on the investment proposal.

G20 Energy Transition Working Group is facing challenges in reaching a consensus on the joint communique with clean hydrogen and the Russia-Ukraine war being the key sticking points. About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people aware of the development said. The communique entails a paragraph that states to deplore the aggression by Russia against Ukraine, which is being opposed by Russia and China, sources said.

Royal Canadian Mounted Police, has been charged in connection with alleged foreign interference activities “to benefit” China following a two-year investigation, the national police force says.The 60-year-old from Hong Kong appeared in a Quebec court virtually on Friday to face charges laid under the Security of Information Act.He is charged with one count of preparatory acts for the benefit of a foreign entity, and one count of conspiracy.“According to the investigation, Mr.

Prophet Muhammad was a trader who was forced to become a raider. It happened fourteen hundred years ago, in Arabia. He was so good a trader that the richest woman in Mecca, a widow, decided to marry him.

NEW DELHI : Reliance Industries Ltd said quarterly profit declined 5.9% from a year earlier, missing analysts’ estimates, due to the weak performance of its chemicals and refining business. Net profit fell to ₹18,258 crore in the three months ended 30 June from ₹19,405 crore in the year-ago quarter. Profit missed the average ₹18,302 crore estimated by a Bloomberg survey of analysts.

Tesla (NASDAQ:TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

India a window of between three and five years to cash in on the opportunity will be well received in policy circles. India has been preparing for this eventuality for a while now. It has, over the past decade, cleaned up bad debts in the banking system, lowered corporate tax rates to internationally acceptable levels, diverted increasing chunks of the government budgets at building physical and digital infrastructure, and has rolled out incentives for local manufacturing and exports in select industries.

By David Shepardson and Doina Chiacu

McDonald's Hong Kong has picked The Sandbox to build its first Web3 experience, the McNuggets Land, a virtual world dedicated to celebrating Chicken McNuggets' 40th anniversary. 

dividend of ₹9 per fully paid-up equity share of ₹10 each for the financial year ended March 31, 2023. Read more: Reliance Q1 Results: Net profit declines 10% to ₹16,011 crore on weaker O2C biz, revenue down 4%; dividend declared Here are six key highlights from Reliance Industries' Q1FY24 scorecard: Overall, RIL's revenue and profit declined, mainly because of the weak performance of the O2C business. RIL's consolidated gross revenue declined 4.7 per cent YoY to ₹2,31,132 crore.

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Fabrizio Campelli, the friendly face of Deutsche Bank's corporate and investment bank, has contributed to his cuddly quotient with further elaboration on all the bankers he's hired so far and all the bankers he plans to hire still. 

(Reuters) — Global equity funds witnessed their first weekly outflow in four weeks in the week to July 19, reflecting concerns over slower growth in China and caution ahead of the Federal Reserve's policy meeting next week.

China’s leadership is lavishing the country’s beleaguered private sector with a sweeping show of support as a nascent economic recovery falters. But grand declarations and rhetoric alone won’t suffice, say economists and investors.

For more clues about how extreme weather might fuel food inflation, watch the price of goods made with olives and other commodities following this month’s heat waves. This summer is shaping up to be one of the hottest on record. In Phoenix, temperatures reached an all-time high of 118 degrees Fahrenheit in recent days.

The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot.

Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. «It does make sense to sacrifice margins in favor of making more vehicles,» Musk said on Wednesday, noting that Tesla was facing «turbulent times.» Tesla shares fell nearly 10% on Thursday as investors worried that the automaker's margins, which have been in steady retreat for the past year, face further headwinds. But whether Tesla offers additional discounts or not, the tax credits for battery manufacturing give it a competitive edge over rivals that make fewer batteries, Reuters' analysis of the company's second-quarter results shows.

Elon Musk, the carmaker’s boss since 2008, has not achieved that goal. His company, a rare insurgent in an industry with formidable barriers to entry, has grown at neck-snapping speed. In the first quarter of 2023 Tesla’s Model Y mini-SUV was the world’s bestselling car.

Explore the precarious financial situation in Chin... moreExplore the precarious financial situation in China as we delve into the country's extensive debt crisis, focusing on the growing concern surrounding local government financing vehicles (LGFVs).

Canada Immigration policy also offers study or work permits for applicant's family members. The Canadian government's decision to allow 10,000 H-1B visa holders in the US to come and work in the country is expected to benefit Indian professionals.