China Financial News

Tesla shares have soared more than 110 per cent this year. In the coming days, one number will be much more important to investors: How many cars did the company deliver in the latest quarter?

HDFC Bank on Friday, approved the merger between the two institutions effective from today (July 1) creating the world's fourth biggest bank by market value behind J P Morgan, ICBC and Bank of America. All share and warrant holders of HDFC as of July 13 would be eligible for HDFC Bank shares. July 12 has been set as the date for the transfer of non-convertible debentures (NCDs) of HDFC in the name of HDFC Bank.

The Asian Infrastructure Investment Bank said it welcomed an investigation by the Canadian government into allegations that the institution faces interference from the Chinese Communist Party.

A single tweet alleging Communist Party interference was all it took for Canada to freeze ties with a China-led development bank this week. The question now is whether the United States and other allies will join Canada — and would Beijing even care?

OTTAWA — Finance Minister Chrystia Freeland says Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution.

United Nations as one of its top transnational priorities and supported India's bid for permanent membership of the powerful Security Council. India has been at the forefront of the years-long efforts to reform the UN Security Council (UNSC), saying it rightly deserved a place as a permanent member of the United Nations. Currently, the UNSC has five permanent members — China, France, Russia, the UK and the US.

Samsung Electronics. In a handwritten letter to Reuters, his first comments to media since he was detained on May 25, Choi Jinseog elaborated on his defence plan and said the allegations against him regarding the Xian plant were not substantiated. Prosecutors earlier this month indicted the former Samsung executive for illegally obtaining secret information to build a semiconductor plant only 1.5 km (1 mile) from a Samsung factory in Xian, China.

Baby formula maker Bubs, the subject of a bitter board split, will write down up to $25 million worth of inventory after its goods piled up in China.

Volkswagen named a new chief executive officer for Audi after the luxury brand fell behind competitors BMW and Mercedes-Benz.

Pilbara Minerals chief executive Dale Henderson says the past 12 months have been exhilarating and, not surprisingly, a little tiring.

Canada’s main stock index posted modest gains Wednesday as strength in energy and technology, among other sectors, helped outweigh weakness in base metals, while U.S. markets were mixed.

Broadly, if I take a step back and start asking the question, why do we need to internationally diversify? The starting point is that different stock markets of different countries do well at certain times and do badly at certain times, says Arun Kumar, Head of Research, FundsIndia.com.A lot of volatility and uncertainty in the global markets but then do you think that is the right time to maybe look at these international markets and if yes, what and which economy, which country?Broadly, if I take a step back and start asking the question, why do we need to internationally diversify? The starting point is that different stock markets of different countries do well at certain times and do badly at certain times. And the good part is that they do not coincide with each other.

South Korea's government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem tokens by passing a new crypto bill.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: Initiation at Apple, upgrades at NVIDIA, Carnival, and Frontline.

Investing.com — Oil prices kept to a tight range on Friday as soft Chinese data pointed to persistent economic headwinds in the world’s largest oil importer, although Brent was still on course for its first positive month in 2023.

By Ron Bousso

PARIS (Reuters) — MG Motor, owned by Chinese company SAIC Motor, on Friday announced a new leasing offer whereby drivers in France can get for 99 euros ($107.6) a month its MG4 electric car, matching a scheme the French government would like to see benefiting cars made in Europe.

Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC).

China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC).

Check out the companies making headlines in midday trading.

Officials in the United States are mulling tighter controls on an export regulation created to minimize the availability of artificial intelligence (AI) chips to China.