Country Financial News

By David Shepardson

Investing.com-- Chinese stocks rose sharply at the open on Monday after Beijing announced a slew of new measures aimed at restoring faith and attracting investors back to its battered equity markets. 

In a heartwarming moment, India's ‘Golden Boy’ Neeraj Chopra called his archrival Arshad Nadeem to pose for the camera. The Pakistani athlete, who had just been beaten by Chopra for the gold medal, graciously joined him for the photograph. Neeraj, who secured the gold medal at the World Athletics Championships hosted in Budapest, was seen proudly holding the Indian tricolour.

OpenAI and others on 26 July) that we’ve created with a small number of companies, and it will grow. We need to recognize that there’s a common approach to safety standards that we really need. If you look at us and Google—we compete vigorously every day, and yet we have come together.

Brookfield is looking to grow its $25-billion asset portfolio in the country further, said former central banker Mark Carney, also the UN Special Envoy for climate action and finance. The chair of Brookfield Asset Management and head of transition investing at the firm told Deepshikha Sikarwar & Vinay Pandey in an interview that India has a big opportunity amid global supply chain disruptions. Edited excerpts:The US Federal Reserve chairman has made it clear the central bank is not done with containing inflation. What is your reading of Jerome Powell's statement?My reading of what he emphasised is that the Fed's policy is going to continue to be restrictive for some time.

Neeraj Chopra's rise to stardom from a Haryana village has been nothing short of spectacular, and at 25, he is on course to becoming one of India's greatest sporting icons. Two years ago, his spear soared high into the Tokyo sky as he became the country's first Olympics track and field gold medal winner.

Further, the current week will also see India's first quarter GDP numbers, which will throw some light on the country's economic trajectory. «We continue to expect the Nifty to be in a narrow range due to lack of positive triggers. In the meantime, niche mid and small cap sectors are likely to remain in action,» 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 positive startGIFT Nifty on the NSE IX traded 45 points, or 0.23 per cent, higher at 19,282.50, signaling that Dalal Street was headed for positive start on Monday.

Hong Kong Stock Exchange on Sunday. This loss compounds the cumulative losses of over 582 billion yuan incurred over the past two years. These losses mark the company's initial two complete annual financial downturns since it was listed in 2009.

China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc.

MUMBAI : Late-stage technology investor SoftBank Investment Advisers has made more than $5.5 billion in exits from its Indian portfolio since it began operations in November 2018 in Mumbai, said Sumer Juneja, the firm’s managing partner. Of the total, about $1.5 billion was booked in the last 12-18 months, said Juneja, also the firm’s head for Europe, Middle East and Africa. Another $1.5 billion is liquid and in tradable equities, he said in an interview.

Dual listed telecommunications business Chorus Limited has mandated ANZ, Citi, and Westpac to drum up interest in a potential seven-year medium term note.

By Sarah N. Lynch and Maria Caspani

By Jamie McGeever

JERUSALEM/TRIPOLI (Reuters) — Libya's prime minister suspended Foreign Minister Najla Mangoush on Sunday and referred her for investigation after Israel said its Foreign Minister Eli Cohen had met her last week despite the countries not having formal relations.

By Eliana Raszewski

(Reuters) — National Australia Bank (OTC:NABZY) is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial Review said on early on Monday citing sources.

BLANTYRE (Reuters) — Malawi is on course to getting its $1.2 billion external debt with different lenders restructured to «sustainable levels», its central bank said in a statement on Sunday.

Narendra Modi in his 104th 'Mann Ki Baat' address congratulated the country for the successful Chandrayaan-3 mission. Addressing the people of the country as family members, PM Modi said that Mission Chandrayaan has become a symbol of the spirit of New India, which wants to ensure victory, and knows how to win in any situation. Making a special mention of women scientists involved in the mission, Modi emphasized asserted that the lunar programme was also a living example of women power. «Where the might of women's power is added, the impossible can also be made possible… India's Mission Chandrayaan is also a living example of women power.

China have resulted in India's steel exports falling by a third, but local producers will have a limited impact given robust sales in the domestic markets, experts said. Domestic demand will also help in keeping the price of the alloy stable in the country, they said. China’s steel exports, including to India, have seen a sharp jump in recent months. Its shipments to India, for instance, hit a multi-year high in the June quarter. Chinese mills are also reported to be undercutting other steel producers in terms of prices. This, in turn, has had an impact on exports by Indian steel companies, with countries in the Middle East and Vietnam buying more steel from China. India exported 780,000 tonnes of finished steel and billets a month on average between January and July, as against an average of 1.08 million tonnes a year earlier, data from market intelligence platform SteelMint show.

G20 is to promote economic growth and development, and that cannot advance if the crucial concerns of the Global South are not addressed, external affairs minister S Jaishankar said on Sunday. «For a variety of reasons that range from scale, subsidy, technology, human resources & strategic choices, the Global South was reduced to being a consumer rather than a producer,» Jaishankar said in his address at the B20 Summit organised by CII ahead of the September 9-10 G20 Summit. «It is, however, an undeniable reality that the international system remains dominated by the Global North. This is naturally reflected in the composition of G20 as well.

Tata Power Charging Solutions, the largest provider of EV charging in the country, is looking at an over 6-fold jump in the number of semi-public and public chargers it offers for electric vehicles (EVs) to 25,000 from the current 4,000 over the next 5 years. The service provider is encouraged by the sharp month-on-month jump in the number of registered users on its mobile application amid a fast adoption to EVs, said a company executive. «With EVs growing at a fast pace, we are constantly expanding at suitable locations every month. We are also encouraged by the number of registered users on our app. It has gone up to 168,000 year-to-date (fiscal) as compared to 135,000 in the whole of last fiscal,» Virendra Goyal, the head of business development (EV Charging) at Tata Power told ET. The Tata Power Renewables' subsidiary has a presence in all the four categories which comprises home, public (including semi-public), bus and fleet charging segments. Since 2018, ahead of the launch of Tata Motors e-Nexon in 2020 — the first EV offering from Tata Motors — it has deployed 50,000 home chargers. It plans to end FY24 with 7,000 public EV charging points.