China Financial News

13.07 / 18:39

Cooper Action China urges the US to remove ‘unilateral’ sanctions against local companies ahead of US Commerce Secretary visit

Also read: China takes 'appropriate' action over ‘unfair’ treatment to journalists in India China emphasised its commitment to addressing economic and trade concerns through communication and dialogue, while promoting constructive and practical cooperation. “China will remain committed to addressing economic and trade concerns through communication and dialogue, while promoting constructive and practical cooperation," Shu stated. In March, Raimondo had mentioned that the Biden administration was considering a pilot program to address investment risks in China.

13.07 / 17:57

Binance ETF Europe Gaming BitMEX DApp BTC ETF Today in Crypto: BNB Beacon Chain Upgrade Will Allow It to Halt New Block Production, Europe's First BTC ETF Set to Launch Next Month, Digital Yuan to be Used Offline, BitMEX Traders Can Form Guilds

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

13.07 / 17:57

CEO Strategy Mercedes-Benz Tianqi Lithium invests $150M as EV brand Smart seeks additional funding

Smart, a joint venture of Germany's Mercedes Benz (OTC:MBGAF) and China's Geely Automobile Holdings (OTC:GELYY), revealed Thursday its intentions to pursue series-A funding in order to secure $250-300 million. The objective behind this fundraising initiative is to strengthen its long-term sustainable development strategy while expediting its global expansion efforts.

13.07 / 15:47

UPS NASDAQ DOW MSCI Cooler inflation keeps stocks up, dollar and yields down

stocks rose again and global stock markets hit new highs for 2023 on Thursday, while the dollar and Treasury yields continued to slide, as hopes that slowing U.S. inflation will persuade the Federal Reserve to hit the pause button on interest rate hikes after this month. Wall Street's main stock indexes built on Wednesday's sharp gains after data showed that consumer prices rose modestly in June, registering the smallest annual increase in more than two years.

13.07 / 15:13

UPS Provident Platform Racing Tencent Baidu regulatory China's slow AI roll-out points to its tech sector's new regulatory reality

China has joined the global rush to generative artificial intelligence, boasting close to 80 AI models from firms like Baidu and Alibaba and startups attracting almost $14 billion of funding over the last six months. But unlike in the West, where OpenAI's ChatGPT has attracted more than 100 million monthly users whose inputs help it to learn from to constantly refine and improve its product, no Chinese AI chatbots have been made available to the general public.

13.07 / 14:47

UPS Target Manufacturing CEO Strategy As Concerns About China Grow, Germany Loosens Its Embrace

For decades, selling to China has been a key ingredient in Germany’s recipe for economic success. Now, Berlin wonders if its partner has gotten too close for comfort. On Thursday, Germany released its first-ever “China strategy," an attempt to balance the relationship’s huge economic benefits with the need to manage risks posed by Beijing’s increasing authoritarianism at home and assertiveness abroad.

13.07 / 14:47

UPS Parke Marvell Time It’s crunch decision time for lovers of ageing cars

Some answers take long to show up. Half a century ago, the 1789 French Revolution made news for its impact being judged “too early to tell" by a Chinese leader. It takes the same audacity of far-out thinking to make long-horizon bets, even though the longest pay-off frames usually span only a lifetime or two at most.

13.07 / 14:37

COST UPS 2024 Oil extends gains on softer US inflation as Brent hovers above $80/bbl; OPEC upbeat on 2024 demand growth

₹6,278 per bbl, having swung between ₹6,185 and ₹6,299 per bbl during the session so far, compared to their previous close of ₹6,213 per bbl. IEA demand forecasts: In the latest insights on the supply-demand balance, a report by the International Energy Agency (IEA) on Thursday predicted oil demand would hit a record high this year, but that broader economic headwinds and interest rate hikes meant the increase would be slightly less than previously anticipated. The IEA now sees oil demand rising by 2.2 million barrels per days (mbd) this year, down from its previous forecast of an increase of 2.4 mbd.

13.07 / 14:29

Manufacturing Influx of inquiries from European companies on renewed interest in India: World Trade Center

free trade agreement (FTA) talks with the European Union have sparked an interest from overseas investors and manufactures in the country. The World Trade Center (Pune) is receiving 10-15 inquiries every week from European companies who are keen to manufacture or distribute from India. “There is an influx of inquiries from Europe for India for manufacturing and distribution.

13.07 / 12:53

COST Cotton yarn industry to see 5-7% volume growth in FY24: Report

₹125 per kg in FY22, which was 25-30% higher than the historical average," it said in a report. However, in FY23, Indian cotton yarn exports faced challenges due to the disparity between domestic and international cotton prices. “The global demand slowdown resulting from high inflation and recessionary pressures in developed economies, such as the USA and the European Union, further impacted the industry.

13.07 / 12:53

UPS Manufacturing boost Vande Bharat trains boost prospects of mattress brands like Sleepwell

Sheela Foam Ltd, which owns the popular household brand Sleepwell, expects Vande Bharat sleeper trains to open up business opportunities for mattress makers in the country. "India Railways has been boosting its efforts to improve the infrastructure of coaches and finding new space for import substitution such as the supply of foams to the railways, which were earlier imported. About 400 new energy-efficient Vande Bharat trains will be introduced by 2025, is about ₹40,000 crore of business coupled with jobs and other spin-off benefits," the company said in an investor presentation.

13.07 / 12:21

China trade tumbled in June with exports declining 12.4% and imports down 6.8% as global demand slowed

13.07 / 12:21

UPS Citi Waves Man Citizens BURST High times in Thailand: New weed laws draw tourists from across Asia

Thailand’s de facto legalization of marijuana last year has brought a wave of tourists from around Asia intrigued by the lure of the forbidden leaf

13.07 / 12:21

UPS Target Citizens Action Strategy Climate talks chief, who also heads oil company, says world must 'attack all emissions, everywhere'

The head of this year’s United Nations’ climate talks has called for governments and businesses to tackle global warming by reducing greenhouse gas emissions in all regions and sectors if they want to stop the planet from passing a key temperature limi...

13.07 / 12:21

UPS Cooper Progressive Action Racing Strategy Germany presents long-awaited strategy on China, stresses economic security

The German government has presented a long-awaited strategy for relations with China that points to a “systemic rivalry” with the Asian power and a need to reduce risks of economic dependency, but highlights Berlin’s desire to work with Beijing on chal...

13.07 / 12:21

UPS Pepsi PepsiCo Frito-Lay PepsiCo tops expectations for the 2nd quarter and raises its expectations for 2023

PepsiCo Inc.’s second-quarter results handily topped Wall Street’s expectations and the food and beverage company raised its full-year forecasts

13.07 / 12:21

Waters Action ASEAN China and ASEAN agree to try to conclude nonaggression pact on sea feud in 3 years

China and Southeast Asian nations have agreed to try to conclude within three years a long-delayed nonaggression pact aimed at preventing frequent territorial spats in the busy South China Sea from turning into a major armed conflict

13.07 / 12:21

UPS Lowe's Target Manufacturing China exports slumped 12.4% in June from a year earlier as global demand weakened

China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation

13.07 / 12:21

UPS Microsoft Google Racing Bard chatbot Features Google rolls out AI chatbot Bard to Europe and Brazil and adds more features

Google says it’s rolling out its AI-powered chatbot Bard across Europe and in Brazil, expanding its availability to hundreds of millions more users

13.07 / 11:15

Lowe's MET CEO MSCI Rolex Low Dollar slumps to 15-month low as risk-on mood continues

The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low.

13.07 / 11:01

COST NASDAQ DOW Disney CEO U.S. PPI ahead, China trade data disappoints - what's moving markets

Investing.com -- Investors await the publication of fresh inflation data out of the U.S. after stocks were boosted in the previous session by weaker-than-expected consumer price growth in June. Elsewhere, China's trade data for June disappoints estimates and Beijing announces new rules governing the use of generative artificial intelligence.

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