China Financial News

inflation data bolstered hopes that the Federal Reserve could end its interest rate hikes soon.  The S&P 500 gained 33.40 points, or 0.75%, at 4,472.66 points. The Nasdaq Composite climbed 160.30 points, or 1.16%, at 13,921.00. The Dow Jones Industrial Average rose 92.17 points, or 0.27%, at 34,353.59.

lithium, which goes into batteries that drive electric vehicles (EVs) and is the focus of a global scramble for supplies with geopolitical undertones, given China’s lead on battery-making and efforts to tie up EV supply chains.  As it happens, India could potentially achieve lithium self-sufficiency and more, thanks to ample reserves found earlier this year in Jammu and Kashmir, a stash that could be as big as 5.9 million tonnes if early estimates are confirmed. While mining has long been state dominated in India, the logic of economic liberalization demands that it be done by those best placed for the task.  Private participation is, therefore, crucial for efficient reserve exploitation that would deliver the best results for us.

₹386 crore Chandrayaan-1 was successful. Its orbiter kept orbiting around the Moon for 312 days conducting experiments while its impact probe landed on the lunar surface and discovered signs of water. The ₹850 crore Chandrayaan-2’s mandate was bigger.

The launches are expected to boost HSBC AM’s fixed income ETF AUM by about $6bn, the firm said.

Washington Post report cited a statement from U.S. officials claiming Storm-0558 also breached unclassified email accounts linked to the U.S.

China has called accusations that a China-based hacking group breached government-linked email accounts “disinformation,” saying they were meant to divert attention from U.S. cyber activities

Medical giant HCA Healthcare, which operates 180 hospitals in the U.S. and Britain, says the personal data of about 11 million patients in 20 states may have been stolen in a data breach

Italian luxury brand Bulgari is the latest international brand to apologize to China after listing Taiwan as a country on its website

The world’s largest automakers are moving deeper into the supply chain for metals to power their electric cars. A $1 billion deal set to close in the coming weeks highlights the urgency of their effort and the risks they are taking to get there. Volkswagen and Jeep maker Stellantis are each committing $100 million in a complicated transaction that will create a publicly traded mining company producing nickel and copper from two Brazilian mines that run on hydropower.

LONDON (Reuters) — Chinese state-linked hackers secretly accessed email accounts at around 25 organisations, including government agencies, in a sweeping cyberespionage campaign by a group which primarily targets entities in Western Europe, Microsoft (NASDAQ:MSFT) said on Wednesday.

According to a report from the Financial Times, the influx of Chinese tourists into Hong Kong has witnessed a peculiar trend in recent months, as more individuals seek to purchase cryptocurrencies during their visits.

Milan Kundera Library.

China's major tech companies have lost over $1 trillion in value since the government began its regulatory crackdown on the sector more than two years ago. This staggering figure is equivalent to the entire economy of the Netherlands. However, there is now hope among investors that the strict rules that have hindered the industry's growth since late 2020 may begin to ease.

Renowned author Milan Kundera, best known for his masterpiece 'The Unbearable Lightness of Being,' has passed away at the age of 94, as announced by Czech TV. Milan Kundera garnered praise for his skill in portraying themes and characters that seamlessly oscillated between the ordinary realities of everyday life and the profound realm of ideas. "Unfortunately I can confirm that Mr Milan Kundera passed away yesterday (Tuesday) after a prolonged illness," Anna Mrazova, spokeswoman for the library in his native city of Brno, was quoted as saying.

payment gateway Razorpay has launched operations in Malaysia through its subsidiary Curlec. The Malaysian payment firm was acquired by the Sequoia backed payments unicorn in February 2022. In a statement, the company said it is operating under the brand name ‘Curlec By Razorpay’.

7th Pay Commission Latest News (July 12, 2023): The pay hike issue of teachers of unaided private schools based on 7th CPC recommendations has got the backing of the Delhi High Court.

Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China's central bank digital currency (CBDC) currently being tested.

alliance between America and Japan would face several tests. If America came to Taiwan’s defence—itself hardly a given—it would need approval from Japan to use its bases there, which host 54,000 American troops. Would Japan accede? China might offer not to harm Japan if it refused.

China’s economy can grow faster than America’s. The answer will affect far more than factory orders or personal incomes. It will shape the world order.

The Canadian human rights watchdog is conducting a probe into the subsidiary of a prominent global sportswear company, Nike, as well as a gold mining company. As per media reports, the investigation stems from claims that either their supply chains or operations in China are involved in utilizing or profiting from the forced labour of Uighur individuals.

Climate change was a distant threat. Allowing countries like China or Russia into the global economy was widely seen to be beneficial for both them and their Western trading partners. As the two countries grew they would surely adopt market economics and, ultimately, democracy.