China Financial News

17.07 / 10:47

Asia pandemic growth GDP Global Chinese growth falters to 0.8% in second quarter of 2023

In the three months to June, growth still overshot expectations of 0.5%, but the country has seen a reduction from the strong recovery that was expected following its reopening last year.

17.07 / 10:31

Lowe's FIVE Ford Manufacturing Strategy Tesla Power Discounts Tesla discounts set to power quarterly revenue growth, hit profit

By Akash Sriram

17.07 / 10:31

Provident Microsoft DOW JPMorgan Sony U.S. corporate earnings ahead, Chinese GDP underwhelms - what's moving markets

Investing.com — Investors prepare for a raft of fresh corporate earnings this week that will include some of the largest U.S. banks and major tech industry players. Elsewhere, Chinese quarterly growth figures provide further evidence of the country's sputtering recovery from the pandemic. Plus, Microsoft signs a licensing agreement with PlayStation over the «Call of Duty» gaming franchise that could bring the tech giant's mega-merger with Activision Blizzard one step closer to completion.

17.07 / 10:31

Target Digital Aware Manufacturing Apple Apple's India business could be worth $40 billion over the next 10 years - Morgan Stanley

Morgan Stanley analysts hiked the price target on Apple (NASDAQ:AAPL) stock by $30 to $220 per share as they believe India can become an emerging growth driver for the Cupertino-based titan.

17.07 / 10:17

UPS Twitter Ford Remark Matthews Tesla Mercury Investors want Musk to focus on Tesla as EV competition grows

Right on cue, Tesla Inc. skeptics are pushing back after this year’s sizzling $500 billion rally.

17.07 / 10:13

Blockchain UPS Citi Digital Tencent Central-bank digital currencies are talked about more than coming to fruition

digital currency (CBDC). Cardholders did not have accounts with the bank. Instead their monetary value was tracked by chips physically inserted into them.

17.07 / 10:13

What the emerging global order looks like | Mint Explains | Mint

The video focuses on how in a rapidly changing wor... moreThe video focuses on how in a rapidly changing world, a new global order is emerging.

17.07 / 10:13

UPS Reuters NIFTY SENSEX end Market Wrap: Sensex, Nifty end at fresh record closing highs; investors richer by over ₹5 lakh crore in a day

Nifty, extended their record-setting spree on Monday (July 17). The domestic market rose despite weak global cues stemming from concerns over an economic slowdown in major economies, particularly after China disclosed its second-quarter growth figures. Both key indices hit fresh record highs in intraday trade and closed the day at new closing highs, showcasing the resilience and strength of the domestic market amidst challenging global circumstances.

17.07 / 09:09

Target Booking JPMorgan HSBC TCS ICBC HDFC Bank enters $100 billion m-cap club, but fails to pip TCS as number 2 stock

Reliance Industries (RIL) and IT major Tata Consultancy Services (TCS), sitting on the third position with a market cap of ₹12.43 lakh crore. The m-cap of RIL is over ₹18.85 lakh crore, while that of TCS is around ₹12.94 lakh crore. With a market value of over $151 billion, HDFC Bank is now the world’s seventh largest lender.

17.07 / 09:09

UPS Man Waters Extreme China is obsessed with food security. Climate change will challenge it

food production indoors, where temperature and humidity can be controlled and output increased. This year the state called for 40% of vegetables to be grown inside facilities such as greenhouses by 2030 (the current number is 30%). Fertiliser and water can be used more efficiently in these settings.

17.07 / 08:33

Patterson Oil slides more than 1% as Chinese GDP dents demand hopes

By Alex Lawler

17.07 / 08:33

UPS Target Progressive Manufacturing Harmonic week Chinese yuan Dollar stabilizes after last week's selloff; Chinese yuan hit by weak GDP

Investing.com — The U.S. dollar stabilized in early European hours Monday after suffering its worst weekly drop this year, while weak Chinese growth data pressured the yuan.

17.07 / 08:33

UPS Tepid China data, Richemont pull down European shares

(Reuters) — European shares fell on Monday as China's lacklustre economic data knocked down commodity-linked stocks, while luxury group Richemont (SIX:CFR) slumped on weaker-than-expected organic sales growth.

17.07 / 08:33

JPMorgan J.P.Morgan cuts China's 2023 growth forecast after sluggish Q2 GDP growth

(Reuters) — J.P.Morgan trimmed China's growth forecast for 2023 after the country's economy grew at a weaker pace in the second quarter with the post-COVID momentum faltering rapidly.

17.07 / 08:33

UPS DAX Danone H&M fall European stocks fall after underwhelming Chinese growth data; earnings to ramp up

Investing.com — European stock markets retreated Monday after the release of underwhelming Chinese growth data, while the second-quarter earnings season gets underway in earnest.

17.07 / 07:49

UPS BLOCK Digital Extreme NIFTY Indian How to plan your investments when Indian equities are more attractive than global peers

The Indian stock market has been one of the best-performing markets in the world over the last 3 months. Over the last 1 year, 3 year, and 5 years, the Nifty 50 has delivered a CAGR of 21.6%, 23%, and 12.4%, respectively. This strong performance has been driven by the confluence of a number of factors.

17.07 / 07:19

COST Manufacturing Strategy Bumper start to FY24 earnings! Nifty50 Q1 consolidated PAT likely to grow by over 20% YoY

Nifty50 Q1 consolidated PAT is forecasted to grow by more than 20% YoY. This is a transformed perspective compared to the subdued presumption the market had a couple of quarters ago. The domestic market was presumed to face the dark side of the global recession, imprinting a slowdown in the domestic economy.

17.07 / 06:59

UPS Citi Provident Digital China’s Changzhou to Give Away Digital Yuan Tokens, Coupons Worth $700k

The city of Changzhou, China, is set to give away $700,000 worth of digital yuan tokens and coupons before the year is out, as the nation’s central bank digital currency (CBDC) pilot continues.

17.07 / 06:53

India's steel imports surge in June 2023, China and Vietnam dominate share

steel imports of India in June '23 as compared to June 22...," it said. In June 2022, China constituted 26.1% of India's steel imports, while Vietnam's share was 1%.

17.07 / 05:11

Citi COMPOSITE NIFTY SENSEX KOSPI Asian stocks Asian stocks muted, Chinese shares slide on weak GDP

Investing.com-- Most Asian stocks moved in a flat-to-low range on Monday, while Chinese markets fell sharply after data showed that economic growth in the country slowed substantially through the second quarter.

17.07 / 05:11

Microsoft Waters NASDAQ Apple Tesla Marketmind: Bland China data leaves market hungry for stimulus

A look at the day ahead in European and global markets from Wayne Cole