China Financial News

18.07 / 18:03

UPS MET Man Gap Fighting The Man Charged With Steering the Yuan Through China’s Economic Turmoil

A veteran economist and banker had been getting ready to retire in the weeks before Chinese leader Xi Jinping picked him to lead China’s central bank, according to officials familiar with the matter. Now, Pan Gongsheng is set to take the reins at the People’s Bank of China as it confronts an urgent challenge: whether and how to defend the Chinese yuan. The Chinese currency’s value has been sliding this year, as the world’s second-largest economy stagnates.

18.07 / 17:11

Provident Lowe's Progressive Can China's Evergrande Group survive amid mounting debts, depleting resources?

China Evergrande Group's (3333.HK) restructuring plan and operations. This comes as the company's long-overdue reports for the past two years reveal significant liabilities and a decrease in cash. Adding to the unease, Evergrande's auditor commented that it could not provide an opinion on the reports due to material uncertainties surrounding the company's ability to sustain its operations as a going concern.

18.07 / 17:11

Provident Target Cooper SpaceX Cooperation U.S. Pushes Military Cooperation in Space

U.S. attempts to foster closer military integration among allies are extending into space. The U.S.

18.07 / 16:17

COST UPS Lowe's Reuters Oil prices Oil prices edge up on weak US dollar, coming US output decline

By Scott DiSavino

18.07 / 15:17

Citi Provident Aware RIO ad Bajrang Punia and Vinesh Phogat exempted from Asian Games trials, raising eyebrows on WFI ad-hoc panel."

Asian Games, a decision which was taken without the consent of the national chief coaches and is set to be challenged by other wrestlers and their coaches. The IOA ad-hoc panel said in a circular that it has already selected wrestlers in men's freestyle 65kg and women's 53kg but trials will be held in all six weight categories in each of the three styles. The ad-hoc panel did not name Bajrang and Vinesh in the circular but panel member Ashok Garg confirmed to PTI that the two wrestlers have been exempted from the trials.

18.07 / 15:05

MET Progressive clean energy India, US for stable, diversified clean energy supply chain: Joint statement

clean energy supply chain to minimize risks and uncertainties, the two sides said in a joint statement after the meeting of their energy ministers. Oil minister Hardeep Puri and US energy secretary Jennifer Granholm met in New Delhi on Tuesday to review the progress under the U.S.-India Strategic Clean Energy Partnership (SCEP).

18.07 / 14:47

property companies Evergrande reveals £62bn losses in delayed results

As of 31 December 2022, the firm’s total liabilities amounted to CNY 2.4trn (£260bn)

18.07 / 13:49

UPS FIVE VISA Enterprise index Henley Passport Index 2023: Singapore passport is world’s most powerful, replacing Japan

The updated 2023 Henley Passport Index Tuesday placed Singapore as the world's most powerful passport with visa-free access to 192 travel destinations out of 227 around the world. Three European countries Germany, Italy, and Spain move up one slot with 190 visa-free destinations and shared the second place. Japan has been knocked off the top spot for the first time in five years and slipped to third place as the number of destinations its passport can access without a visa fell to 189.

18.07 / 13:49

UPS FIVE Manufacturing CEO Apple Xiaomi Time India ranks among Apple’s top 5 iPhone markets for the first time: Report

iPhone market in the second quarter. Apple's increased focus on distribution and marketing in India, seen as a critical future market by CEO Tim Cook, has resulted in India surpassing Germany and France in iPhone sales.

18.07 / 13:41

Provident FIFA Women's World Cup: How to watch the 2023 Women's World Cup on TV in the UK and US? Here are all the details

World Cup 2023 is all set to take place from July 20 to August 20, 2023, in Australia and New Zealand. You can watch the matches live in the United Kingdom and the United States. Here are the details of the same.

18.07 / 13:15

UPS Progressive Extreme Action Crude oil edges higher; U.S. inventories in spotlight

Investing.com — Crude oil prices edged higher Tuesday, rebounding after the previous session’s weakness ahead of the latest readings on U.S. crude supplies.

18.07 / 12:47

PM Modi’s outreach to Islamic world has been exemplary, says Shashi Tharoor

Narendra Modi for his outreach to the Islamic world and especially with the Arab world, describing it as “exemplary". The Senior Congress leader also admired the Modi government’s success in making G20 a “buzzword", but expressed concerns over India’s China policy beyond the ban on Chinese apps. Speaking at a conclave of CNN-News18, the Thiruvananthapuram MP said, “In foreign policy, by and large, I used to be a critique at the beginning of the Modi administration.

18.07 / 12:47

UPS Lowe's Manufacturing Cotton output falls on crop switching, waning demand

NEW DELHI : India, one of the world’s largest cotton producers, risks becoming a net importer after both exports and production registered a record decline in the current financial year amid weak demand for textile products in the West due to the long-drawn Ukraine war. The United States Department of Agriculture (USDA) expects India’s cotton exports to slip to its lowest in 19 years during the current crop season between October 2022 and September 2023 as it expects farmers to shift to other profitable crops such as oilseeds and pulses.

18.07 / 11:59

UPS Lowe's JPMorgan Citigroup DAX World stocks near 15-month high; China data dampens mood

By Elizabeth Howcroft

18.07 / 11:31

MET Henry Kissinger meets with China's defense minister in Beijing

BEIJING — Henry Kissinger, a former U.S. secretary of State, met with China's defense minister, Li Shangfu, in Beijing on Tuesday, the ministry said in a statement.

18.07 / 11:19

UPS Amazon Manufacturing TCS Framework India to issue framework on $730 mn quantum mission in Aug

₹6,003.65 crore to develop expertise and capabilities in four main areas of quantum technologies—communications, computing, metrology and sensing, and materials. Over an eight-year term, the government aims to build up to 2,000 kilometers of quantum communications network and 1,000-qubit quantum computing power by enabling industry-academia partnership and facilitating startups to build quantum computing applications.

18.07 / 10:47

Waves Lowe's NIFTY SENSEX Nikkei Gains in IT stocks drive Sensex 205 pts higher to record close; Nifty near 19,750

Sensex zoomed past the 67,000 mark for the first time. Nifty, which ended at 19,749, touched a fresh high at 19,819. By ending 3.7% higher, Infosys was the top gainer in the Nifty50 pack, followed by Asian Paints, HCL Tech and Reliance Industries.

18.07 / 10:47

COST UPS Lowe's Cooper A pill in the works can bolster sagging global economic growth

economic growth, and now a new technology is in the works that promises to support growth when it is about to seriously decline in several countries. A team of scientists at Harvard claims to have found a chemical cocktail that has the potential to reverse the aging process. «We've previously shown age reversal is possible using gene therapy to turn on embryonic genes,» said David Sinclair, one of the researchers.

18.07 / 10:43

COST Citi FIVE Progressive Strategy Forrester IGO’s stricken Western Areas assets face year-long, $275m blowout

IGO, the West Australian nickel and lithium miner that slashed almost $1 billion from the value of assets it acquired from Western Areas, faces a year-long delay and a $275 million cost blowout on that project.

18.07 / 10:43

COST UPS Lowe's Syrah Resources sheds $100m market cap on production pause

Shares in Syrah Resources collapsed 16 per cent after the graphite producer admitted it has not restarted mining at its flagship Mozambique operation because prices are still too low.

18.07 / 10:25

UPS Platform Russia seeks to team up with India on quantum computing

Brics (Brazil, Russia, India, China, South Africa) forum. “We have not signed any official contracts and partnerships so far. However, next year, we’ll be discussing this on the platform of Brics.

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