China Financial News

BEIJING — China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality.

promotions in a slowing car market. Hyundai, which together with affiliate Kia is the world's third-biggest automaker by sales, reported operating profit of 2.8 trillion won ($1.95 billion) for October-December, compared with 3.4 trillion won in the same period a year earlier.

Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year

Subscribe to enjoy similar stories. Authorities in Beijing are ramping up pressure on neighbors to rein in cyberscams after the high-profile kidnapping of a young Chinese actor who says he was trafficked into a criminal enclave in Myanmar. Parts of war-torn Myanmar and other countries in Southeast Asia have become havens for sprawling scam compounds, where hundreds of thousands of people are forced to swindle billions of dollars out of victims in the U.S., China and elsewhere.

artificial intelligence spending. Shares in Japan started the day higher but benchmarks in Australia and Korea slipped. The MSCI Asia Pacific index was flat. The tepid open for Asian markets came after the S&P 500 rose 0.6% on Wednesday, putting the index close to an all-time high.

India's defence spending for the financial year 2025-26 is expected to stabilise around 1.9 to 2 per cent of GDP, consistent with recent years. While this offers financial stability, it may not be enough to counter escalating external threats. At the 21st Subroto Mukerjee Seminar, Defence Secretary Rajesh Kumar Singh highlighted the importance of prioritising resource allocation rather than increasing funds, noting that the current budget already stretches the absorptive capacity of domestic industries.

Norges Bank Investment Management, the world's largest sovereign wealth fund. In India, it has over $30 billion parked in companies ranging from HDFC Bank, Reliance, ICICI Bank, Airtel, Infosys and TCS to Zomato, Nykaa and DMart. The CEO of the largest single investor in the world also hosts the popular In Good Company podcast with global industry leaders. A former chef, Russian translator and intelligence man, Tangen told Arijit Barman in an interview in Davos that the world is in the grip of unprecedented volatility. Edited excerpts: Nearly a third of your assets are in Europe. With Europe slowing and generating poor returns, are you looking to diversify even more in the US, Asia, maybe India, a lot more than before? We are linked to indices. So when the value of a market increases, we typically park more money there. We now have more than 50% of our $1.7 trillion in the US. With India becoming more important, the value of our Indian investments has also gone up. We have roughly 1.8% of our fund now in India. With more than $30 billion invested in India-double of what we did five-eight years ago-both China and India exposure is not too dissimilar. Our portfolio is predominantly public markets but we have some fixed-income assets too. Our biggest holding in India is HDFC Bank, number 2 is Reliance.

Subscribe to enjoy similar stories. Donald Trump has announced a $500-billion venture called Stargate (the name is inspired by sci-fi) to build AI-focused data centres and other infrastructure in the US. The aim is to lead in AI, create 100,000 jobs, and outpace China.

U.S. President Donald Trump’s threats to impose tariffs on imports from China could send shockwaves through global supply chains that experts warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada.

Shipping Corporation of India (SCI), they said.

Gold prices soared to near three-month highs on Wednesday, trading just below its record peak, fuelled by a soft dollar and lack of clarity around U.S. President Donald Trump's policy plans, which investors fear could trigger trade wars and elevate market volatility.

Joe Rogan recently warned about the profound potential dangers of artificial intelligence during a recent podcast with comedian Theo Von while highlighting severely critical concerns about the growing influence of AI on society, reported Benzinga. He also argued that whoever controls the AI will ultimately control the national narrative while suggesting that AI systems will soon surpass human communication capabilities.

U.S. consumer goods maker Procter & Gamble PG.N will again look to hike prices on its household basics such as Tide detergent if President Donald Trump imposes new tariffs that increase the cost of imports, an executive said Wednesday.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos

Tata Motors, India's biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview.

Subscribe to enjoy similar stories. Donald Trump’s criticism of China on the campaign trail and after his election had raised the specter that Day 1 of his second presidency would reignite a trade war between the world’s two largest economies.

President Donald Trump has directed his Justice Department to pause enforcement of the TikTok ban until early April

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Reliance Consumer Products (RCPL) on Wednesday acquired packaged foods brand SIL, with a portfolio of products such as cooking pastes, jams, mayonnaise, baked beans and Chinese sauces.