China Financial News

We'll focus on a few tasks that can take up a lot of mental bandwidth at home. Weekly meal planning is a major chore, and gift giving can be daunting, with various birthdays and holidays throughout the year. And any adult who has read books for children knows that it can become repetitive, and the books aren't always relatable to a child's situation or growing pains.

copper content, changes that could limit demand growth for the metal as the next generation of electric vehicles (EVs) hits the road, industry analysts say. The strong ramp-up in sales for EVs, led by growth in China, means copper demand will continue to grow for the remainder of the decade, but innovation in EVs has emerged as a limiting factor, according to two recent forecasts. Copper has been seen as a green-energy transition play, in part because of the wiring needed for electric cars.

equity market is expected to open on a cautious note amid mixed cues from global peers. The Asian markets traded mostly lower after the release of China’s Inflation data. Trends on GIFT Nifty indicate a positive start for the broader index.

Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%.

Alibaba Group opened 5.5% higher on Monday after China fined its affiliate, Ant Group, $984 million for violating laws and regulations, fuelling hopes that a years-long regulatory crackdown on the fintech has ended. On Saturday, Ant Group announced a share buyback that values the company at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020, but providing liquidity to investors.

Gold prices edged higher in early Asian hours on Monday after U.S. jobs data last week cast doubts over the labour market's strength, prompting investors to be more sceptical of the Federal Reserve's rate hike trajectory.FUNDAMENTALS * Spot gold was up 0.1% at $1,925.49 per ounce by 0104 GMT. U.S.

Biden said in an interview that aired Sunday that Ukraine was not ready for membership in NATO and that it was «premature» to begin the process to allow Ukraine to join the alliance in the middle of a war. In an interview with CNN's Fareed Zakaria, Biden said that he did not «think there is unanimity in NATO about whether or not to bring Ukraine into the NATO family now,» and that the process could take place only after a peace agreement with Russia was in place. «If the war is going on, then we're all in war,» Biden said, referring to the alliance's commitment to mutual defense.

dollar was on the back foot on Monday after a miss in U.S. jobs data scaled back market expectations on how much further the Federal Reserve would need to raise rates, while focus in the Asia day was on China's inflation data release. The U.S.

inflation data this week, including the US consumer price index, and the start of another corporate earnings season. Bond markets were volatile after a recent sell-off drove yields to multi-year highs in the US, making equities less attractive in comparison. In the US, the June CPI report is scheduled to be released on Wednesday, which is forecast to show headline inflation slowed to its lowest level since early 2021 at 3.1%, with the core easing to 5.0%, Reuters reported.

Harley-Davidson, which last week began its second innings in India by launching its most affordable bike to date in partnership with Hero MotoCorp, might use the facilities here to sell in other global markets, its CEO Jochen Zeitz told ET. Zeitz, on his first visit to India after taking over as Harley-Davidson CEO, said the company's immediate priority, however, is to strengthen local sales with the HD X440, the bike Harley co-created with Hero. «We were manufacturing our 750cc also for the international market (here), so I am not ruling that out,» Zeitz said, referring to India's export potential for the company.

By Devjyot Ghoshal and Pasit Kongkunakornkul

South African President Cyril Ramaphosa Sunday confirmed that the BRICS summit scheduled to be held next month, which Vladimir Putin has been invited to attend, will be ‘physical’ despite an arrest warrant against the Russian leader, reported AFP. South Africa is the current chair of the BRICS, a grouping of heavyweights that also includes Brazil, Russia, India and China and is set to host the 15th BRICS summit at the Sandton Convention Centre in its financial hub Johannesburg from August 22 to 24. "The BRICS summit is going ahead and we are finalising our discussions on the format," AFP reported quoting Ramaphosa, adding it will be a "physical" meeting.

Janet Yellen holds meeting in China

NEW DELHI : India’s manufacturing sector has failed to capitalize on multinational companies’ efforts to diversify supply chains away from China, foreign direct investment (FDI) data shows, even as manufacturing continues to shrink at the northern neighbour. Expectations of higher inflows into Indian manufacturing had taken root as China’s purchasing managers’ index (PMI) for manufacturing contracted in seven of the last 12 months, as Beijing struggles to reopen its economy after exiting its controversial zero-covid policy early this year. India’s PMI for manufacturing did not contract in the past year, but against expectations, FDI inflows fell 22% to $46.03 billion in FY23 amid high inflation and recessionary trends in developed economies.

By Clare Jim

Brussels/London | European aluminium producers are warning that a loophole in the EU’s carbon border tax will lead heavily polluting exporters such as China to circumvent the rules and flood the bloc with low cost, emissions heavy metal.

By Andrea Shalal

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV delivery numbers from Tesla, Ford, and more; GM apprehensive on EPA's emissions crunch; and a lawsuit against Rivian.

Investing.com — U.S. inflation data for June will be in focus with the Federal Reserve all but certain to hike rates again later this month. Earnings season kicks off with results from big banks, while data out of China is expected to point to ongoing economic weakness. The Bank of Canada is expected to hike rates again and oil prices could be poised to break out to the upside.

China published regulations on Sunday for the country's $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. The new rules, signed by Premier Li Qiang which comes into effect on September 1, creates a chapter specifically for venture capital funds, as policymakers encourage investment into innovative technology start-ups, said a statement from China's securities regulator and the justice ministry. The statement addressed media questions about the new rules. The wide-ranging rules apply to private investment funds with different organisational forms such as contracts, companies and partnerships. Private investment funds in China can invest in private equity or publicly traded securities. Core rules cover the obligations of fund managers and custodians, fund raising, identifying risk levels, supervision of venture capital funds, and overall supervision and management.

Oppo Reno 10, Oppo Reno 10 Pro and Oppo Reno 10 Pro+. The company has scheduled an event at 12pm tomorrow where it will launch the new Oppo Reno 10 5G series.  Oppo Reno 10 series is already available in China. The smartphones come with a starting price of 2,499 yuan (approx.