China Financial News

U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority

The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks

Wireless and fixed-network equipment maker Nokia has reported a fall in second quarter profit as clients especially in North America postponed investments due to a slowdown in economic growth and rising financing costs

WTI crude was 35 cents, or 0.5 per cent, higher at $75.64.  Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a August 21 expiry, were last trading lower by 0.05 per cent at ₹6,203 per bbl, having swung between ₹6,126 and ₹6,254  per bbl during the session so far, compared to their previous close of ₹6,206 per bbl. Brent crude prices have broken through to a higher range this month, after being stuck at $72-$78 in May and June, according to Citi analysts, after Saudi output cuts and geopolitical risks supported demand.  -Oil prices fell in the previous session after data showed US inventories fell less than analysts expected.

By Dr Aparaajita Pandey

BRICS Expert Forum on Nuclear Medicine was recently held in Moscow. The Forum brought together over 200 representatives from Russia, Brazil, India, China and South Africa.

By Doyinsola Oladipo

P0x, the development firm behind the privacy-preserving Polkadot-based protocol Manta Network, has reached a valuation of $500 million after concluding a recent funding round.

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe, who arrives in New Delhi today. This is Wickremesinghe’s first visit to India since taking office after his predecessor, Gotabaya Rajapaksa, was swept from power after mass protests in 2022. The visit comes even as Sri Lanka continues to grapple with a protracted economic crisis.

Zhe Constance Wang, a former associate of the embattled FTX CEO Sam Bankman-Fried has joined Sino Global Capital, a digital asset fund as its head of gaming. 

Netflix will soon roll out a docuseries narrating the journey of U.S. Women’s National Team or the USWNT to the 2023 FIFA Women’s World Cup. It will be the fifth world cup if they win. Win or lose, Netflix will capture their journey and excitement to cater to the world, particularly to the U.S. audience. The U.S.A. is not known for football and its men’s national team ranks much below on the table. But the USWNT is the current holder of the FIFA Women’s World Cup. It has evolved over the years since 1991 when the FFA Women’s World Cup was launched in China. Netflix series will certainly try to depict this scenario. The docuseries is yet to be named. Netflix will co-produce the series in association with TIME Studios, Words + Pictures, and Togethxr. The official date of release too has not been announced, but it will be released most likely in the Fall of this year. But, if the USWNT win the world cup, the series may be released before it. The 2023 FIFA Women’s World Cup kicked off July 20 in Auckland, New Zealand. The inaugural match was played between co-hots New Zealand and Norway. Norway won the match 1-0. The final will be held on August 20 in the Australian city of Sydney. Most of the experts have predicted that the USWNT will reach the final and they are most likely to win the world cup.

primary education and healthcare, and the inclusion of women as equal participants in the nation’s growth. Today, the work participation rate for Chinese women is 60%, about three times India’s figure. Some would add to the socialist achievements the restoration of dignity to manual labour and the building of rural physical infrastructure through communal labour of a kind that market-based cost-benefit calculus would not have justified.

Long Big Tech was the most crowded trade in July (59%).

A slide in tech behemoths soured the mood Thursday, while the escalating conflict over Ukrainian grain exports prompted traders to temper relief over easing inflation.

extended-range artillery and infantry vehicles to meet its operational requirements along its border with China and address its «coercion and harassment», a top Pentagon official said on Thursday. The Indian and Chinese troops are locked in an over-three-year confrontation in certain friction points in eastern Ladakh.

Chicken production boomed during the second world war. In the 1940s the us Department of Agriculture launched the “Chicken of Tomorrow", a contest to develop fatter and faster-growing birds. Production became more industrialised and efficient.

Over the past decade, Fang Fang, a retiree living in Shanghai, has grown acquainted with Hollywood’s biggest exports: James Bond. Tom Cruise. The Fast & Furious crew.

The 2022 climate law unleashed a torrent of government subsidies to help the U.S. build clean-energy industries. The biggest beneficiaries so far are foreign companies.

Exporting fighter aircraft is not just business: it, of course, brings a lot of money to the exporting country, being a big-ticket item, but it also prepares the ground for developing strategic ties with the buyer countries. Big defence deals are often part of overall strategic ties.

Robert Habeck on Thursday said India and Germany want to further strengthen bilateral cooperation and increase investments and collaboration among companies. He arrived on a three-day visit to India on Thursday. Talking to reporters on the sidelines of the Indo-German Business Forum in New Delhi, Habeck also said China is Germany's biggest trading partner and a lot of German and European companies have invested in that country.

The policy call follows the country's Q2 GDP results, which reported 0.8% growth for the period, a drop from the 2.2% increase in Q1.