China Financial News

Indian equities hit a 10-month high of ₹45,286 crore in June, according to data from the National Securities Depository Ltd (NSDL). Over three-fourths of the purchase, aggregating ₹34,025 crore, occurred in the second half of June, propelling domestic benchmarks Sensex and Nifty to record highs by the end of the month. Both the Nifty 50 and the S&P BSE Sensex rose more than three per cent last month.

symbol of love. It is considered one of the purest forms of love and affection. With respect to this purest form of love, International Kissing Day which originated in the UK is now celebrated on July 6 worldwide. International Kissing Day emphasizes its significance in showing the importance of love and how important it is to show faith, care, affection, and love through sweet gestures to your loved ones. A simple kiss on the forehead shows respect whereas a warm kiss on the cheeks shows the bond of love.

Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke (Met Coke) into India. This probe has been triggered after complaints from BLA Private Limited, Jindal Coke Limited, Saurashtra Fuels Private Limited, Vedanta Malco Energy Limited, and Visa Coke Limited. According to a DGTR notice, the applicants have alleged that there has been a ‘sudden, sharp, significant, and recent’ increase in volume of low ash metallurgical coke imports in India.

The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (BTC) mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate.

Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between the U.S. and China becomes increasingly adversarial.

Bloomberg, Forty-two African nations received about $12 billion or 38% of all credit extended by India in the last decade — just a few percentage points below its neighbours, Harsha Bangari, the managing director of India’s Export-Import Bank said in an interview. According to Bangari, the bank serves as a tool for India's "economic diplomacy." He further mentioned that India has established 195 project-based lines of credit throughout Africa, a number three times higher than the ones it has implemented in its own region over the past decade, Bloomberg reported.

women entrepreneurs and in one such pitching, the investor asked us what about the kids? In a humorous way, we answered that we do not believe in child labor." The mom-at-work sighed with the rigid thoughts of a male-dominating society after confronting the patriarchal mindset of investors. She said, ‘such a question may never be posed to male entrepreneurs’.  “These are some of the instances of the biasedness that we see in the ecosystem.

BEIJING (Reuters) — China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly traded minerals jumped this week.

By Andrea Shalal and Yew Lun Tian

Investing.com — Minutes from the Federal Reserve's latest meeting fuel expectations that the central bank will likely hike interest rates at its July gathering. Elsewhere, Meta launches its new social media platform Threads as chief executive Mark Zuckerberg takes aim at Elon Musk's Twitter, while Treasury Secretary Janet Yellen heads to China in a bid to ease tensions between Washington and Beijing.

temperatures have shattered all-time records this week, highlighting the alarming consequences of escalating greenhouse gas emissions from the burning of fossil fuels. For the third day in a row, Earth’s average temperature remained at a record high on Wednesday. According to the Climate Reanalyzer tool developed by the University of Maine, the average global temperature reached 17.18 degrees Celsius (62.9 degrees Fahrenheit), matching the record set the previous day.

economic growth and create an enormous burden of care. Yet when officials in Beijing mull solutions, one seems largely absent from the discussion: immigration. China has astonishingly few foreign-born residents.

Indian shares were little changed on Wednesday as a rise in auto and consumer stocks offset the slide in high-weightage financials. The Nifty index settled 0.05% higher at 19,398.50, while the S&P BSE Sensex fell 0.05% to 65,446.04. Both the indexes had hit all-time highs at each of the four previous sessions.

China reported Thursday that 239 people died from COVID-19 in June in a significant uptick months after it lifted most containment measures. The Chinese Center for Disease Control and Prevention had reported 164 deaths in May and none at all in April and March. China started employing a "zero-COVID" containment strategy in early 2020 and credits the strict lockdowns, quarantines, border closures and compulsory mass testing with significantly saving lives. But the measures were lifted suddenly in December with little preparation, leading to a final surge in which about 60,000 people died, according to the official toll. Deaths this year peaked in January and February, hitting a high of 4,273 on Jan, 4, but then declined gradually to zero on Feb. 23, according to the Chinese CDC. Chinese health officials didn't say whether they expect the trend to continue or if they would recommend for preventative measures to be restored. Two of the deaths in June were from respiratory failure caused by infection, while the CDC said the others involved underlying conditions. Those can include diabetes, heart disease, high blood pressure and other chronic illnesses.

Chinese state-owned banks are set to join efforts to integrate the nation’s central bank digital currency (CBDC), the digital yuan, with government-issued social security cards.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

Investing.com — Rare earth mining stocks saw strong gains this week after China announced some export curbs on chipmaking metals to the U.S., raising concerns that the country could leverage its rare earth dominance in a trade war with Washington.

Investing.com — Oil prices rose slightly in Asian trade on Thursday as markets weighed signs of a bigger-than-expected draw in U.S. inventories and tighter supplies against fears of rising interest rates. 

Investing.com — Most Asian currencies fell on Thursday, while the dollar held recent gains as the minutes of the Federal Reserve’s June meeting showed that policymakers supported more rate hikes this year.

Anand Rathi, Chairman of Anand Rathi Group believes the markets are evenly poised on the valuations front. He does not see any risks to corporate earnings right now and expects earnings growth in the high teens for the next two years.

Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Elon Musk said via video link at the opening ceremony of an artificial intelligence conference in Shanghai. "This is only speculation, but I think we'll achieve full self-driving, maybe what you would call four or five, I think later this year," the billionaire added, referring to two of the most advanced levels of autonomous driving technology. The mercurial entrepreneur and Twitter owner admitted that he had been wrong in previous predictions on this timeline, but added: "I feel like we're closer to it than we ever have been." The billionaire's latest forecast for the long-anticipated milestone comes after Musk missed his own deadlines for a fully autonomous vehicle.