China Financial News
05.07 / 16:51
Booking
ETF
NIFTY
Limelight
SENSEX
BSE m-cap at new record on FPI frenzy
₹300 trillion during intraday trades on Wednesday, helped by FPI buying and broader market gains. The market capitalization of 5,261 companies (excluding DVRs, REITs, InVITs, ETFs and partly paid shares) crossed the ₹300-trillion level in intraday trade, though they closed below the mark at ₹299.9 trillion. Foreign portfolio investors bought a provisional ₹1,603.15 crore even as domestic institutions booked profits and sold a provisional ₹439 crore.
05.07 / 16:29
UPS
Provident
Gap
Oil rallies as trader weigh latest OPEC+ gambit
Oil rose as traders weighed Saudi Arabian and Russian production cuts after a slew of low-volume trading sessions.
05.07 / 16:19
Crime
Charity
Africa
Royalties
Cross-border
Today in Crypto: NFT Royalties Reach Lowest Point in Two Years, Two Teens Arrested for BTC and ETH Scam, India and 18 Central Banks Discuss Using Digital Rupee for Cross-Border Payments
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
05.07 / 16:19
CBDC
DBS Bank China Launches Digital Yuan Merchant Collection Solution
Crypto-friendly bank DBS announced the launch of a digital yuan merchant collection solution for business clients.
05.07 / 15:39
Manufacturing
Solar
India begins anti-dumping probe into import of Chinese aluminium frames for solar panels
India has initiated an anti-dumping probe into imports of aluminium frames for solar panels from China following a complaint by a domestic manufacturer, according to a notification. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'aluminium frame for solar panels/modules' originating in or exported from China. The application for the investigations has been filed by Vishakha Metals.
05.07 / 15:27
UPS
Target
Manufacturing
Action
Fighting
Micron
China's chipmaking export curbs 'just a start', Beijing adviser warns before Yellen visit
Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices as well as satellite imagery sensors.
05.07 / 15:27
UPS
Provident
Cooper
Manufacturing
Apple
Southern
Mumbai
Taipei Economic and Cultural Center to come up in Mumbai: Taiwan
Taipei Economic and Cultural Center (TECC) in India's financial capital Mumbai in sync with the broader aim of expanding overall cooperation between the two sides. Taiwan's decision to set up the TECC in Mumbai came at a time when leading Taiwanese companies are increasingly looking at relocating their production bases from China to India, the US and countries in Europe amid Taipei's increasingly tense relations with Beijing.
05.07 / 15:01
Waters
Gap
ASEAN
India, ASEAN most buoyant FDI recipients: UNCTAD
Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, the United Nations Conference on Trade and Development (UNCTAD) said Wednesday in its World Investment Report 2023. India and ASEAN were the most buoyant recipients, with increases of 10 and 5%, respectively, and strong growth in project announcements, it said. FDI inflows were higher in developing countries compared with those in developed economies.
05.07 / 15:01
Provident
FIVE
RBC
Dollar steady before Fed minutes; yen hovers near 145-mark
dollar held steady against other major currencies on Wednesday as traders waited for minutes from the Federal Reserve's last policy meeting that could offer clues to the outlook for interest rates. Australia's dollar fell in line with the Chinese yuan after data showed China's services activity expanded at the slowest pace for five months in June, the latest sign of a sputtering post-pandemic recovery in the world's second-largest economy. The dollar index — which measures the U.S.
05.07 / 14:43
Cooper
India takes a strong stance against China’s BRI during SCO summit
India said no to China’s Belt and Road Initiative at the SCO summit. India continued its policies towards BRI which are largely seen as the mechanism for economic trade expansions based on clumsy and hideous terms of financial transactions.
05.07 / 14:33
companies
FCA
Chinese chemical manufacturer to raise $100m on London Stock Exchange
The Shenzhen-London Stock Connect, part of the London Stock Exchange Stock Connect, provides investors and companies in the UK and China with mutual access to each other’s capital markets | Credit: iStock
05.07 / 14:21
NASDAQ
DOW
COMPOSITE
U.S. stocks are falling as investors await Fed's June minutes
Investing.com — U.S. stocks were falling as investors awaited the minutes of the latest Federal Reserve policy meeting.
05.07 / 14:21
FIVE
Cooper
Brent oil lower; global slowdown concerns grow
Investing.com — Global oil benchmark Brent weakened Wednesday on renewed worries of a global economic slowdown, overshadowing the news earlier this week of more supply cuts from a series of top producers.
05.07 / 14:21
UPS
Remark
Cross-border
China's FX market stable, cross-border flows basically balanced - state media
SHANGHAI/SINGAPORE (Reuters) — Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China's foreign exchange market remain stable and cross-border capital flows are basically balanced, a state media commentary said late Wednesday.
05.07 / 14:21
Lowe's
NASDAQ
Manufacturing
NVIDIA
Micron
Microchip
Wall Street slips as investors await Fed minutes
By Bansari Mayur Kamdar and Johann M Cherian
05.07 / 13:52
05.07 / 13:51
COST
UPS
Provident
Amazon
OnePlus Nord 3 5G, OnePlus Nord CE3, & Nord Buds 2r make a smashing debut; new smartphones offer better brightness & selfie experience
A new range of Nord products — two smartphones and one earbud, has made its debut. Chinese consumer electronic goods giant OnePlus launched the new generation of Nord tech products through a live event, which was broadcasted on Wednesday (July 6) at 7:00 pm. The products include OnePlus Nord 3, OnePlus Nord CE3 5G, and OnePlus Nord Buds 2R. Here’s what you can expect from the new line of Nord products.
05.07 / 13:15
Continental
India Increases Loans To Africa To Counter China | Why Is Africa Crucial For Both? | Explained
India is countering China and its influence not ju... moreIndia is countering China and its influence not just on its borders but in other parts of the world as well.
05.07 / 13:15
Manufacturing
Fallout
China Roars Back: Bans Export Of Chipmaking Metals Amid Tech-War With U.S; Impact On India
China has decided to impose an export ban on criti... moreChina has decided to impose an export ban on critical rare elements Gallium & Germanium.
05.07 / 12:45
05.07 / 12:45
UPS
Reuters
Remark
Moderna
reports
medicines
Moderna to invest $1 billion in China to develop mRNA medicines - reports
Investing.com -- Shares in Moderna (NASDAQ:MRNA) moved higher on Wednesday after media reports said that the drugmaker had signed a memorandum of understanding and a land collaboration agreement with China to research and develop messenger RNA medicines in the country.
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