China Financial News

Peter Nathan, the former a2 Milk Company executive at the centre of a bid to unseat Bubs Australia’s management, says the infant formula group’s board is distracted with “creating negative headlines and legal disputes”.

Okinawa. The digital bonds that bind Asia are in many ways tighter than ever. The region’s appetite for data is growing at an even faster pace than the rest of the world’s.

ICRA has recently published a research note on the domestic cotton spinning industry. The rating agency expects demand for the industry to improve by close to 10% in volume terms in FY2024 on a yearly basis, primarily gaining through a shift in preference away from Chinese cotton, and the expectations of demand improving for the spring-summer season in USA and EU regions.

By Natalie Grover

NASA has received three fully electric and environment friendly crew transportation vans that will take Artemis crews on the final Earth-bound leg of their journey to the Moon before boarding their rocket and spacecraft. The zero-emission vehicles, developed by California-based Canoo Technologies as part of a contract awarded by NASA in April 2022, were delivered to the space agency's Kennedy Space Center in Florida on Tuesday, it said in a statement. The vehicles can carry four astronauts in their Orion crew survival system spacesuits, support personnel including a spacesuit technician, and provides room for specialised equipment for the drive to Launch Pad 39B ahead of Artemis missions to the Moon. The vehicles were designed, from the interior and exterior markings to the colour of the vehicles to the wheel wells, by a creative team that included the Artemis launch director and representatives from NASA's Astronaut Office based at Johnson Space Center in Houston. They also provided insight from the conceptual phase throughout production. «The collaboration between Canoo and our NASA representatives focused on the crews' safety and comfort on the way to the pad ahead of their journey to the Moon,» said Charlie Blackwell-Thompson, NASA's Artemis launch director, in the statement.

Investing.com — European stock markets are expected to open in a mixed fashion, as investors digest the softer-than-expected U.S. inflation data as well as weak U.K. growth data.

Mazagon Dock Shipbuilders with France's Naval Group, a source familiar with the matter told Reuters on Thursday. This comes at a time when Prime Minister Narendra Modi is on a two-day visit to France.

On 4 July, Reliance Subsidiary Jio Platforms Launc... moreOn 4 July, Reliance Subsidiary Jio Platforms Launched A 4g-Equipped Feature Phone, Called Jio Bharat 4G, For Under ₹1,000.

Tesla's highly-anticipated India plan finally seems to be gathering some speed. As per reports, India's commerce and industry ministry is leading the discussions. The government is hoping to put together a 'good deal' while maintaining a level-playing field. After China, the company is looking to turn India into an export base to serve markets in the Indo-Pacific region, ToI reported on July 13.

The Russian Central Bank could begin “real-world” tests on the digital ruble next month after parliament approved a key piece of CBDC legislation.

NATO’s ranks are swelling, with Finland and Sweden joining or set to join and the alliance promising to admit Ukraine.

Narendra Modi France Visit LIVE News: Indian Prime Minister Narendra Modi begins a two-day visit to France on Thursday where he will attend the traditional Bastille Day military parade as guest of honour and discuss major new defence deals, AFP reported.French President Emmanuel Macron's red-carpet welcome for the Hindu nationalist leader comes weeks after Modi was given the rare honour of a White House state dinner in Washington -- a city he was once banned from visiting.Despite differences over the war in Ukraine and tensions over human rights in India, New Delhi and Western democracies are keen on deepening ties because of mutual concerns about China."India is one of the pillars of our Indo-Pacific strategy," an aide to Macron told reporters this week on condition of anonymity.Macron has made Modi guest of honour for the July 14 military parade, which kicks off France's national day celebrations, with the participation of Indian troops and Indian-flown French-made fighter jets underlining close defence ties.India is one of the biggest buyers of French arms, with Modi announcing a landmark deal for 36 Rafale fighter jets during a trip to Paris in 2015 that was worth around 4.0 billion euros ($4.24 billion) at the time.He is set to unveil the purchase of another 26 marine versions of the state-of-the-art aircraft during this visit, as well as a deal for three Scorpene-class submarines, according to reports by the Tribune news website in France and the Hindustan Times newspaper in India.

Housing Development Finance Corporation (HDFC) merged with its subsidiary HDFC Bank on July 1, 2023, following which shares of HDFC ceased to exist on bourses from Thursday, July 13. The HDFC, HDFC Bank merger created the world's fourth largest bank of the world after JP Morgan Chase & Co, Industrial and Commercial Bank of China Ltd (ICBC) and Bank of America Corp. After this merger, HDFC Securities, HDFC AMC, HDFC Ergo GIC, HDFC Capital Advisors and HDFC Life Insurance have become the key subsidiaries of HDFC Bank.

China’s exports in yuan terms decreased at a faster pace in June compared to the previous month, as a slowdown in the global economy curbed demand for Chinese goods and weighed on the outlook for manufacturing. Exports declined about 16% in yuan terms in June from a year ago, more than the 0.8% decrease in May, according to the Bloomberg calculations based on Customs General Administration data released Thursday.

Belt and Road Initiative (BRI) have had a negative impact on the environment of all the countries where they have been implemented. They have increased the environmental crisis in already vulnerable regions by increasing air and water pollution and have led to water shortage and soil erosion.

Gold prices held steady on Thursday after advancing more than 1% in the previous session, as U.S. inflation data raised hopes that the Federal Reserve would soon stop tightening its monetary policy. * Spot gold was almost unchanged at $1,957.48 per ounce by 0039 GMT.

Antony Blinken will meet top Chinese diplomat Wang Yi on Thursday as officials gather in Indonesia for ASEAN meetings, the State Department said in announcing the latest in series of interactions between the rival superpowers. Wang is representing China at the Jakarta meetings involving the Association of Southeast Asian Nations (ASEAN) and partner countries after Beijing said Foreign Minister Qin Gang would not attend due to health reasons. Blinken met Qin and Wang in Beijing last month, marking the first visit to China by a U.S. secretary of state in five years. It was aimed at bringing stability to intense rivalry between the superpowers, which are also the world's two largest economies U.S. Treasury Secretary Janet Yellen visited China earlier this month and climate envoy John Kerry is to visit next week. Wang, who is the foreign policy chief for the Chinese Communist Party, ranks above Qin, who as the foreign minister is the government's foreign policy chief.

Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited China a few weeks ago.Musk made the remarks in a Twitter Space event with two U.S. congressmen, Democrat Ro Khanna and Republican Mike Gallagher.

(Reuters) — Carlyle Group (NASDAQ:CG) Inc and Trustar Capital are planning to raise $4 billion from funds including GIC Pte to buy part of their stakes in McDonald's Corp (NYSE:MCD) operations in Hong Kong and mainland China, Bloomberg News reported on Wednesday.

Investing.com-- Gold prices steadied near one-month highs on Thursday as weaker-than-expected U.S. inflation data spurred bets on a less aggressive Federal Reserve, while copper was buoyed by the prospect of more stimulus measures in major importer China.

China's ambassador to the United States held a rare meeting at the Pentagon on Wednesday with the top US defence official for Asia, the Pentagon said, in talks that followed US criticism of Chinese reluctance to engage in military communications. A brief Pentagon statement said Chinese Ambassador Xie Feng discussed defence relations and "a range of international and regional security issues" in talks with Ely Ratner, a US assistant secretary of defence.