China Financial News

HONG KONG (Reuters) -Chinese e-retailer Temu said on Wednesday it has been the target of rival Shein's «unlawful exclusionary tactics» since Temu's U.S. launch in 2022, ramping up a feud between the fast-fashion competitors days after a lawsuit was filed.

Investing.com-- Oil prices moved little in Asian trade on Wednesday after strong gains in the prior session, as traders awaited more signals on stimulus spending in major importer China, while official data on U.S. inventories was also due later in the day.

Investing.com-- Most Asian stocks rose on Wednesday after data released overnight spurred increased bets that the Federal Reserve was close to ending its current rate hike cycle, while Chinese markets continued to lag on a worsening economic outlook.

Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower.

Reliance Industries, HCL Technologies, and Asian Paints,  continued to contribute to the gains in the Sensex and Nifty index. Sensex had some volatility during the session as profit booking occurred occasionally at higher levels. In the medium to long term, experts are optimistic about the market, although they anticipate some consolidation in the near future due to the market's high valuation.

Russian president is invited. He was responding to a petition by South Africa’s largest opposition political party, the Democratic Alliance, that asked a court in Pretoria to force the government to arrest Putin if he attended the summit. Putin is the subject of an arrest warrant as per the International Criminal Court (ICC) if he leaves Russian soil.

Indian stock market is expected to extend gains and open higher on Wednesday amid positive global cues. Asian markets were trading mostly higher following a rally on Wall Street boosted by gains in technology and banking shares amid better than expected quarterly results from key banks. Trends on Gift Nifty also indicate a positive start for the Indian benchmark indices.

ANI citing Greek City Times, these mass resignations have been reported since July 1 of this year.  As per the report, People's reaction across the globe has taken the CCP authorities aback with Xi Jinping in the recent SCO Summit stating that he is opposed to any country's instigation of "colour revolutions" and "interference in internal matters" for any reason, according to the report. Greek City Times reported that at the SCO summit, Xi said that SCO member states said that they should be wary of the "external forces" creating a scenario for the new cold war and creating confrontational camps.

«We expect the gradual up move in the market to continue given the positive macro and micro factors. We suggest investors to look for a buy on dips strategy as the Q1 earning season is expected to be healthy,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a shift trading range in between 19400 to 20000 zones while an immediate trading range in between 19550 to 19900 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded 6 points, or 0.03 per cent, lower at 19,797.50, signaling that Dalal Street was headed for muted start on Wednesday.

A lawyer representing Chinese citizens in Florida has told a federal judge that a new law banning them and some other foreign nationals from purchasing property in large swaths of the state violates federal housing discrimination laws

By Katya Golubkova

retail sales rose less than expected in June on a fall in building materials and service station receipts. A separate report showed production at domestic factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output increased.  The yield on 10-year treasuries declined three basis points to 3.77%. The US dollar rose to 138.85 Japanese yen from 138.67.

A meeting in India of finance chiefs and central bank governors of the Group of 20 leading economies has ended without consensus because of differences over the war in Ukraine

South Africa’s president says that arresting Russian President Vladimir Putin — should he show up at an economic summit next month in Johannesburg — would amount to a “declaration of war” by his country

China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the end of last year

Investing.com — The longs in crude might not be killing it but the “vol-players” certainly are.

Countries of the G20 grouping could not agree on a joint statement at the end of a meeting of their finance ministers and central bank governors, as the grinding war in Ukraine continued to polarize the bloc, which counts Russia, China, and the US as members. “China stated that the G20 FMCBG (Finance Ministers and Central Bank Governors) meeting is not the right forum to discuss geopolitical issues," said the third G20 FMCBG Outcome Document and Chair’s Summary, which was released late on Tuesday. Meanwhile, Russia dissociated itself from the status of the document.

WTO) Bali conference that prevents legal action against any developing nation that breaches the food subsidy limits specified in the agreement on agriculture. At an agriculture negotiation meeting at the WTO on Monday, the US said India’s expansion of support to its rice and wheat farmers has negative spillover effects. India has invoked the clause thrice. “India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed. Developing countries’ food subsidies are protected by an interim peace clause which shields food procurement programmes against action from WTO members in case the subsidy ceilings—10% of value of food production in the case of India and other developing countries—are breached.

PLI). This comes with the electronics manufacturing industry facing complaints of challenges due to difficulties in getting visas for Chinese nationals. As per industry executives, installation, expansion, and repair work are being hit the most as they require skilled Chinese nationals to execute the work.

Bosch said he was optimistic India could be the only region to have a substantial growth path in the next two years, at a time China faces a slowdown and economic uncertainty dogs Europe and US. Introduction of economic regulations such as GST, interventions to incentivise industrial production are key developments seen as enablers for growth, which also fuel the bullishness, said Stefan Hartung, chairman, Bosch. For Bosch, India isn't among its top markets yet. Home market Germany, and China are. However, the German major still has high stakes in the country, where its subsidiary Bosch India clocked sales of ₹1.67 billion (₹14,929 crore) in 2022-23. That's because, he said, «It has contributions far beyond that sales as it's involved in many projects globally. That gives it a special role.»

Destiny 2 are geared up for one of the major events around the videogame, the Solstice. The 2023 edition of Destiny 2: Solstice is about to begin for a limited time, from July to August 2023. Here are the details of Destiny 2: Solstice 2023; Destiny 2 is a first-person shooter video game that can be played free. It is available to play on PlayStation, Xbox, or even Windows. Destiny 2: Solstice 2023 promises new armor, a weapon, and the Bonfire Bash mode on PS5, PS4, Xbox, and PC.