China Financial News

18.07 / 01:57

Citi Waves Waters Airlines Southern Orange Typhoon Talim update: Thousands evacuated while flights, trains get cancelled; check details

global warming and the ongoing effects of climate change. Typhoon Talim, the fourth typhoon of the year, arrived with maximum wind speeds of 136.8 kilometres per hour, according to the China Meteorological Administration. As it made landfall at approximately 10:20 PM (7:50 PM India time), it brought along storm surges and heavy rainfall, affecting the southern coastline from Guangdong to Hainan provinces.

18.07 / 00:57

Invesco HDFC Bank becomes world’s 7th largest lender post merger

HDFC Bank and HDFC became the world’s seventh-most-valuable bank with its market capitalisation soaring to $154 billion, or Rs 12.66 lakh crore, on Monday. The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada. The merged entity was listed on Monday following the allotment of HDFC Bank shares to the shareholders of HDFC.

18.07 / 00:23

Reuters Amazon Fighting The Monkey King Trailer: Netflix action-packed family comedy animated feature is here. Watch video

The Monkey King" has been released. The 2.25 minute trailer was dropped on Netflix's YouTube channel. Anthony Stacchi is the director of the Netflix's animated feature.

17.07 / 22:53

UPS NASDAQ DOW Tesla How major US stock indexes fared Monday, 7/17/2023

Wall Street is closing higher ahead of a week full of updates about where profits for U.S. companies are heading

17.07 / 22:53

UPS Citi FIVE Manufacturing Action National South Dakota governor prods Washington to address national drug shortages

As the U.S. struggles with prescription drug shortages, South Dakota Gov. Kristi Noem has advanced a modest plan that she hopes will prod Washington to address weaknesses in the international pharmaceutical supply chain

17.07 / 21:25

markets Binance SEC Tether Federal Reserve Bitcoin bitcoin price falls regulatory Bitcoin price falls under $30K as macro and regulatory worries take center stage

Multiple data points point to Bitcoin price falling below $29,000 in the short term.

17.07 / 20:41

UPS Progressive Manufacturing BAY Southern Ring of Fire development stalled due to lack of dialogue with First Nations, Guilbeault says

Environment Minister Steven Guilbeault says the lack of progress in mining projects in the mineral-rich Ring of Fire region in Northern Ontario can likely be attributed to a lack of discussions with Indigenous nations.

17.07 / 20:35

UPS Waves Lowe's Reuters Highways Oil down nearly 2% — again — as rally disrupted by China gloom

Investing.com — Just when OPEC thought it had it all, it appears it didn’t.

17.07 / 20:25

Lowe's boost Govt simplifies norms to imports input materials to boost exports

The government on Monday simplified norms for exporters to avail benefits of an advance authorization scheme under which free imports of input materials are allowed. This comes in the backdrop of declining merchandise goods exports that fell for the fifth consecutive month in June amid demand slowdown in the west and China. India’s goods exports slumped over 22% year-over-year in June to hit an eight-month low of $32.97 billion as the value of exports of petroleum products nearly halved in June compared last year when commodity prices were on a boil following the Russia-Ukraine war.

17.07 / 19:43

Reuters CEO Action Qualcomm NVIDIA Intel Chip companies, top US officials meet on China policy, source says

China policy as the US considers new restrictions, a source told Reuters. Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan on Monday are among government officials who are holding the meetings with Intel, Qualcomm and Nvidia, the source said.

17.07 / 19:27

business Binance Bitcoin Regulation Binance cuts back on employee benefits, citing ‘decline in profit’: Report

Global cryptocurrency exchange Binance reportedly cut back on certain benefits to its employees in June amid reevaluation efforts at the firm.

17.07 / 19:21

Reuters Qualcomm Intel Lobby US chip lobby presses Biden to refrain from further China curbs

Semiconductor Industry Association trade group on Monday called on the Biden administration to «refrain from further restrictions» on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy.

17.07 / 19:21

MET Digital Remark India optimistic of consensus on global tax pact, debt recast

global tax pact, crypto assets, and digital public infrastructure at the two-day meet of G20 finance ministers and central bank governors that began Monday. «There is less acrimony inside the room,» said a person familiar with deliberations. The deliberations are now focussed on knotty issues and efforts are being made to ensure deliverables on key issues for the country's presidency at the meeting.

17.07 / 18:53

Provident Waters Compilation Monsoon disruptions: Delhi, north India floods cause estimated economic loss worth ₹10000-15000 crore

₹10,000 crore. “While the current status of economic loss due to these floods is yet to be estimated still we believe this in the range of ₹10,000 to 15,000 crore," an ecowrap issued by SBI Research said on Monday. The recent north India floods had severely affected Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, Jammu and Kashmir, and Delhi. India has also incurred massive financial losses as the Biparjoy cyclone swept throught Gujarat earlier this year.

17.07 / 18:53

Disney CEO Dreams Parke Ex-Disney CEO Jeffrey Katzenberg with deep China ties, wife donate over $1.7 mn for Biden's reelection campaign

Despite having deep ties with China, former Disney CEO Jeffrey Katzenberg and his wife Marilyn recently donated more than $1.7 million to a fundraising committee of President Biden's reelection campaign. On 25 April, Biden’s campaign announced that Katzenberg would serve as one of its national co-chairs.

17.07 / 18:47

UPS Citi Waves FIVE Extreme Parke From China to Death Valley, extreme weather blankets the globe

By Julia Harte and Charlie Devereux

17.07 / 17:53

Progressive Manufacturing NVIDIA Samsung Intel Micron Restricting Chip Sales to China Could Backfire on U.S., Industry Group Says

The Biden administration’s potential curbs on sales of advanced semiconductors to China could undermine huge new government investments in domestic chip-making, the U.S. chip-industry trade group said Monday. The Biden administration is considering a raft of new curbs on the sale of chips to China, aiming to disrupt Beijing’s use of artificial intelligence for hacking and weapons development.

17.07 / 17:15

Extreme Continental Southern UN verifies 48.8C in Sicily 2021 as European heat record

Sicily in 2021 had been verified as the European high temperature record, against which the current heatwave will be measured. The United Nations' World Meteorological Organization (WMO) keeps the World Weather and Climate Extremes Archive and painstakingly verifies any claimed records including for temperature, rainfall, aridity, wind speeds and lightning.

17.07 / 17:01

UPS NIFTY SENSEX Delta Delta Corp, RBL Bank, 2 others placed under F&O ban on NSE for July 18

Delta Corp, Indiabulls Housing Finance, RBL Bank and Manappuram Finance are the four stocks that are a part of the F&O ban list by the stock exchange for Tuesday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

17.07 / 17:01

UPS Citi Reuters Waters Southern Orange Typhoon Talim, a severe tropical storm makes landfall in southern China. Top points

Talim. The authorities have also asked residents to stay at home. Tens of thousands of people were being evacuated in southern China and Vietnam on Monday, and dozens of flights cancelled as a typhoon barrelled towards land.

17.07 / 17:01

Lowe's Career Remark SPY lawmaker foreign Where is Chinese Foreign Minister Qin Gang? Rumours swirl as lawmaker remains ‘missing’ for nearly a month

Chinese Foreign Minister Qin Gang has remained wholly out of the public eye for the past month, sparking intense debate about his whereabouts. His last public appearance was on June 25 for a meeting with Sri Lankan Foreign Minister Ali Sabry in Beijing. While officials indicate that he missed the recent ASEAN Foreign Ministers’ meeting due to health reasons people have remained skeptical.

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