China Financial News

05.07 / 12:45

UPS NASDAQ DOW Manufacturing U.S. stock futures drift lower, Fed minutes loom - what's moving markets

Investing.com -- U.S. stock futures edge lower as traders return to their desks following the Fourth of July holiday. Attention will largely be on the release of minutes from the Federal Reserve's last policy meeting, while investors will also be digesting disappointing services sector data out of China.

05.07 / 12:33

business Amazon Microsoft Google services US reportedly plans to restrict China’s access to cloud computing services

Officials in the United States are considering restricting China’s access to cloud computing services in an effort to safeguard the country’s advanced technology, according to a report in the Wall Street Journal.

05.07 / 12:29

Cooper Gap Developing countries in Asia attracted FDI worth $662 bn in 2022: UNCTAD

New Delhi: 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, UNCTAD’s World Investment Report 2023 on Wednesday said. FDI inflows were higher in developing countries compared with those in developed economies.

05.07 / 12:11

UPS Waters Southern BlackBerry Takeover What Robert Costa thinks of $1.6b takeover offer

Costa Group co-founder Robert Costa says he long expected any takeover tilt at Australia’s biggest horticulture company to involve a spin-off of its lucrative berry business.

05.07 / 12:03

UPS Lowe's ETF NIFTY SENSEX Top gainers, losers today; HDFC twins, Maruti Suzuki, Bajaj Auto, Tech Mahindra; check full list here

Nifty 50. Sensex ended at 65,446.04, down by 33.01 points or 0.05%. While Nifty 50 ended at 19,398.50, up by 9.50 points or 0.05%.

05.07 / 11:31

business Payments Yuan Bitcoin Crypto-friendly DBS Bank launches digital yuan payment tool

Cryptocurrency-friendly bank DBS is cooperating with mainland China on the development of a new payment solution for the digital yuan, also known as e-CNY.

05.07 / 11:15

UPS Provident Waters Align Parke Continental India’s Growing Influence in Africa: Challenging China’s Dominance

In recent years, India has made significant strides in expanding its influence in Africa, emerging as the second-largest provider of credit to the continent. With a focus on infrastructure development, healthcare, and other key sectors, India’s efforts aim to catch up with China, which has long been a dominant player in Africa.

05.07 / 11:15

UPS Extreme Manufacturing Strategy Discover Toyota Earth How China created the Africa’s rare earth element opportunity

By Gaurav Sen

05.07 / 11:15

UPS Action NIFTY SENSEX Support Where is share market headed after Nifty closes below 19400, Bank Nifty under 45160; check support, resistance

Benchmark indices NSE Nifty 50 and BSE Sensex ended Wednesday’s session on a flat note. The NSE Nifty 50 dipped 9.5 points or 0.05% to 19,398.50 and BSE Sensex fell 33.01 points or 0.05% to 65,446.04. In sectoral indices, Bank Nifty tumbled 149.65 points or 0.33% to 45,151.80, Nifty Auto jumped 1.64%, Nifty FMCG surged 1.82% and Nifty PSU Bank soared 1%. The top gainers on Nifty 50 were Bajaj Auto, Divis Lab, HDFC Life, Maruti Suzuki and HeroMotocorp while the losers were HDFC Bank, HDFC, Eicher Motors, UPL and Tata Consumer Products.

05.07 / 10:33

COST UPS fall Metal sector Q1FY24 preview: Margins likely to fall on price weakness, says Kotak Equities; Jindal Steel top buy

Vedanta Ltd, Hindustan Zinc Ltd, Steel Authority of India Ltd, and Vedanta Ltd. The brokerage firm expects Indian metal shares to continue to suffer from the conflict between the downturn in the West and expectations for a Chinese resurgence.

05.07 / 10:13

FIVE Reuters Booking NIFTY SENSEX end Market wrap: Sensex, Nifty end flat; market mcap hits record ₹300 lakh crore mark

Nifty witnessed some profit booking on Wednesday (July 5) amid weak global cues ahead of the minutes of the Federal Reserve's last policy meeting. Moreover, concerns over the global economic slowdown hit the risk appetite of investors after China's services sector data came below expectations. "China's services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum," reported Reuters.

05.07 / 09:03

IPO Manufacturing AI startup Chinese AI startup Fourth Paradigm receives China's nod for Hong Kong IPO

Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the nod from China's securities regulator since new rules became effective this year. The company has successfully completed the offshore listing filing process，according a July 3 filing on the China Securities Regulatory Commission (CSRC) website. The greenlight comes at time when regulatory scrutiny of proposals for share offerings has intensified in the wake of new listing rules, lengthening the waiting time for approvals, sources have said.

05.07 / 08:45

Citi Waters Extreme Southern Subway Mercury testing How is extreme weather testing China's climate resilience?

rainfall are testing China's ability to cope with increasingly wild weather, as high temperatures challenge power grids and water security while floods ruin crops and threaten urban populations. Officials have warned repeatedly that China is especially vulnerable to the impacts of climate change due to its large population and unevenly distributed water supplies, even as infrastructure is built and policies are rolled out to bolster the country's climate resilience.HOW WORRYING IS THE HEAT? The average number of high-temperature days stood at 4.1 in January-June, already higher than the full-year average of 2.2 days.

05.07 / 08:37

UPS Target Williams Career Manufacturing Forrester Forrest makes a ‘whatever it takes’ bet on clean nickel

Billionaire Andrew Forrest is rewriting history in nickel-rich Western Australia, returning to the scene of his biggest career heartbreak as the owner of Mincor Resources.

05.07 / 08:37

Provident Indian Indian Naval Air Squadron 324 celebrates first anniversary at INS Dega in Visakhapatnam

Indian Naval Air Squadron 324 (INAS 324) at INS Dega in Visakhapatnam celebrated its maiden anniversary on Tuesday. «Indian Naval Air Squadron 324 (INAS 324) at INS Dega, Visakhapatnam celebrates its maiden anniversary today. Indian Naval Air Squadron 324 is equipped with indigenous ALH Mk III helicopters,» an official statement said.

05.07 / 08:05

FIVE Digital Booking Progressive NIFTY SENSEX From HDFC Bank to Apollo Pipes: Yes Securities' recommends these top stocks to buy for July; See full list

Nifty have both had solid starts to the month of July thanks to strong buying across all sectors and encouraging global indications. The benchmark indices settled at their record closing highs for the fourth straight session on Tuesday, continuing the domestic market's milestone-setting frenzy. With a strong infusion of foreign money and an upbeat macroeconomic outlook, the Indian market has been on the rise.

05.07 / 06:49

Ethereum Bitcoin Taiwan Notes Rise in Bitcoin, Ethereum Use in Bribery Cases

Bitcoin (BTC) and Ethereum (ETH)-powered “bribery” cases are on the rise in Taiwan, the nation’s justice ministry has claimed.

05.07 / 06:43

UPS Citi Citizens Waters Action NOT Why Vladimir Putin is not a pariah in China

China is presented as an exception: a peace-loving giant that seeks only to do good. Instilling cynicism about the world serves the party well. Without it, February 4th could be a ticklish anniversary for President Xi Jinping.

05.07 / 06:43

Provident Cooper Action Updates peace SCO Meet: India snubs Belt and Road, China accents 'regional peace' amid border scuffles; Read key updates

Belt and Road Initiative (BRI) during the declaration issued at the conclusion of the Shanghai Cooperation Organisation (SCO) summit, making it the sole country to withhold endorsement of the project, Chinese President Xi Jinping emphasized the importance of protecting "regional peace". Prime Minister Narendra Modi chaired the summit, which was attended by Chinese President Xi Jinping, Russian President Vladimir Putin, Pakistan Prime Minister Shehbaz Sharif, and various other leaders from the participating countries.

05.07 / 06:43

Apple Samsung Motorola Motorola to double volumes in India this year, quadruple by 2026, says Sergio Buniac

Indian market domestically via a partnership with Padget Electronics. Buniac also said that India will serve as an export hub for Motorola to the US, Sri Lanka, and Bangladesh. Simultaneously, Motorola is investing heavily in R&D in several countries, including India, where it is establishing its second camera lab outside the US in Bengaluru.

05.07 / 06:05

UPS Platform Racing Fallout Continental India increases Africa lending in the race to counter China

Africa has become the second-largest recipient of credit from India as the country tries to catch up with China in expanding its influence in the resource-rich continent. Forty-two African nations received about $32 billion or 38% of all credit extended by India in the last decade — just a few percentage points below its neighbors, Harsha Bangari, the managing director of India’s Export Import Bank said in an interview.

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