Country Financial News

BEIJING (Reuters) — China will extend preferential tax policies for foreign nationals working in the country through to the end of 2027, the finance ministry said on Tuesday, in a boon to foreign firms struggling to attract talent post-COVID.

Investing.com-- Most Asian stocks rose slightly on Tuesday as markets awaited a barrage of key economic readings this week, while a rally in Chinese shares extended into a second session amid speculation over more stimulus measures.

Investing.com--  Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week. 

Thousands of protesters on cars and motorbikes have taken to the streets of Colombia’s main cities to reject recent hikes in gasoline prices that have drastically increased the price of fuel in the South American country

Japanese Prime Minister Fumio Kishida has asked China to urge its citizens to halt acts of harassment, including crank calls and stone throwing at Japanese diplomatic facilities and schools, in response to Japan's release of treated radioactive wastewa...

₹400 crore, or less than $45 million. The primary objectives of the Aditya-L1 mission would be to study the upper atmospheric conditions of the sun, including observing heating in the sun’s corona—the outermost layer of the solar atmosphere. Studies will also seek to observe solar flares, as well as get a deeper understanding of the physics behind partially ionized plasma—also known as the fourth state of matter.

₹16 lakh crore. This is a big loss to the economy.

Chennai rains: The Regional weather department in Tamil Nadu has predicted heavy rains in several parts of the state today. As per Regional Meterological Centre in Chennai, light to moderate rain at a few places with thunderstorm and lightning at one or two places is likely to occur over Tamil Nadu, Puducherry and Karaikal area today. Moreover, the weather department has predicted heavy rains in Thanjavur, Ariyalur, Perambalur, Pudukkottai, Sivagangai, Tiruchirapalli, Dindigul, Theni and Madurai districts of Tamil Nadu today.

Kim Jong Un called for his military to be constantly ready for combat to thwart plots to invade his country, as he accused the U.S. of conducting «more frantic» naval drills with its allies near North Korea, state media reported Tuesday. The U.S. and South Korean militaries are holding joint summer exercises that North Korea views as an invasion rehearsal.

India tries to boost domestic supplies of food grains and onions by restricting exports through levying customs duty and other steps, exporters and government officials are divided on what is the correct market price of the commodities on which the tax is calculated. The lack of a proper system to calculate the tax, say both sides, is being misused by some traders for under-invoicing to nullify the impact of customs duty and illegal shipment of banned commodities. At present, customs duty is calculated on the value of the commodity shown by the exporter in the invoice. “The value of onions shown by some exporters at Kolkata is $150/tonne, while the transport cost of onions from Nashik to Kolkata is $140/tonne. This implies that the exporter purchased onions at Re 0.80-1.00/kg, while the current price of the export quality onion is Rs 23-24/kg,” said an exporter of onion from Maharashtra, who requested not to be identified. Meanwhile, sensing the misuse of the system in the export of non-basmati parboiled rice, the government said on Sunday that only the export contracts having a minimum price of $1,200/tonne will be cleared for shipments under the basmati rice category. India has imposed a 20% customs duty on parboiled rice and banned the export of non-basmati white rice.

Gold prices gained on Tuesday as the dollar and Treasury yields retreated from recent highs ahead of crucial U.S. inflation and jobs data this week that could define the outlook for interest rates. FUNDAMENTALS * Spot gold was up 0.1% at $1,921.69 per ounce by 0113 GMT, having hit its highest since Aug.

Disaster Management Authority said on Friday. On Sunday, CM Sukhvinder Singh Sukhu said the state is grappling with devastation after recent heavy rainfall and landslide, but relentless efforts were carried out to restore crucial roadways and other basic amenities. In the national capital, humid weather conditions prevailed on Monday with the minimum temperature settling at 26.4 degrees Celsius, normal for this time of the year.

NASA) has announced an annular solar eclipse in the United States that will be seen on October 14. It described the solar eclipse as a ‘ring of fire’ which will move from the US Oregon coast to the Gulf of Mexico. In a post on X, NASA wrote, "Save the date for a solar eclipse: On Oct.

Joe Biden will speak about various issues including the social effects of the Russia-Ukraine war, climate change, the capacity of the multilateral development banks to better fight poverty, etc., said White House press secretary Karine Jean Pierre in a media briefing on Monday. “President Biden will reaffirm the US commitment to the G20 as the premier forum of economic cooperation globally. He will discuss a range of joint efforts to tackle global issues, from the clean energy transition, the significant transnational challenges that are afflicting countries across the world, and others," she said as quoted by ANI.

semiconductors, a critical component in modern technology. One of the pivotal subjects discussed was the United States' firm stance against China's de facto embargo on purchasing Micron Technology memory chips.

G20 Summit in New Delhi, US President Joe Biden will commence his one-day visit to Vietnam on September 10. He will travel to Hanoi, the Vietnamese capital, to meet with General Secretary Nguyen Phu Trong and other leaders.

Bloomberg News that the leaders “will launch a kind of manifesto calling attention to the need to improve labor relations," that would touch on work environments and pay. Scheduled for September 19, the meeting will follow the addresses of both presidents to the General Assembly.

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation. The optimistic view echoes that of the Bank of Japan (BOJ), which has said corporate price- and wage-setting behaviour was changing, and could pave the way for phasing out the country's massive fiscal and monetary support. «Japan has seen price and wage rises broaden since the spring of 2022.

Joe Biden will «reaffirm US commitment to the G20» as the premier forum of economic cooperation globally and will also speak about a range of issues, including the social effects of Russia's war in Ukraine, the White House said on Tuesday. White House press secretary, Karine Jean Pierre made the remarks during a media briefing. Announcing the President's schedule, Pierre said that Biden «will travel to Hanoi, Vietnam, on September 10 following his participation in the G20 Summit in New Delhi.» Responding to a question on topline goals President Biden hopes to accomplish at G20, the White House press secretary said, «President Biden will reaffirm the US commitment to the G20 as the premier forum of economic cooperation globally.» She also said that President Biden will «discuss a range of joint efforts to tackle global issues, from the clean energy transition and combating climate change to mitigating the economic and social impacts of Russia's war in Ukraine, to increasing the capacity of the multilateral development banks to better fight poverty and take on the significant transnational challenges that are afflicting countries across the world.» US President Joe Biden will travel to India on a four-day visit to attend the G20 Leaders' Summit in September in New Delhi during which he will discuss joint efforts to tackle global issues like climate change, including the Ukraine war with member nations, White House confirmed in a statement on August 22. It said Biden and G20 partners will also discuss clean energy transition and combating climate change increasing the capacity of multilateral development banks. India is set to host G20 Summit on September 9 and 10. Prime Minister Narendra Modi visited the US in June, where

equities traded in positive territory on Monday, tracking the gains in global markets. The current week will see India's first quarter GDP numbers, which will throw some light on the country's economic trajectory. «Markets are likely to remain in consolidation mode this week amidst key events including the release of domestic GDP data, monthly expiry, and domestic and global macroeconomic data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 3 points, or 0.02 per cent, lower at 19,350, signaling that Dalal Street was headed for muted start on Tuesday.

By Leika Kihara