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Sensex tanks nearly 1,200 points: FPI selling, weak global cues drag markets

Sensex tanks nearly 1,200 points: FPI selling, weak global cues drag markets

Mon, Jan 06, 2025

Sensex nosedives nearly 1,200 points as HMPV virus fears, FPI outflows, weak global cues, and earnings jitters weigh heavily on markets, with smallcap and midcap indices slipping up to 2%.

India-China troops begin disengagement at 2 friction points in Ladakh

India-China troops begin disengagement at 2 friction points in Ladakh

Fri, Oct 25, 2024

The border standoff between India and China began in eastern Ladakh along the LAC in 2020, sparked by Chinese military actions.

China emerges as India's top import source during April-September 2024

China emerges as India's top import source during April-September 2024

Wed, Oct 16, 2024

China has emerged as India's top import source with $56.29 billion worth of inbound shipments during the April-September period of this fiscal, according to the commerce ministry data.

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Major global firms warn of slow China sales as post-pandemic surge fades

Major global firms warn of slow China sales as post-pandemic surge fades

Wed, Aug 02, 2023

Beijing has rolled out a series of policy measures in recent weeks to shore up the flagging economy, but weak manufacturing data for July on Tuesday underscored concerns it is still far from turning a corner.

European shares start August on sour note as global factory activity falters

European shares start August on sour note as global factory activity falters

Wed, Aug 02, 2023

The pan-European STOXX 600 index closed down 0.9 per cent, in its biggest one-day percentage loss in nearly a month.

China factory activity shrinks in July, adding to pressure to reverse economic slump

China factory activity shrinks in July, adding to pressure to reverse economic slump

Mon, Jul 31, 2023

Chinese leaders are trying to revive economic activity by promising to support entrepreneurs who generate jobs and wealth. But they have yet to give details possible tax cuts or spending and have avoided announcing a large-scale stimulus.

China rolls over $2.4 billion loan to its key ally Pakistan

China rolls over $2.4 billion loan to its key ally Pakistan

Thu, Jul 27, 2023

China has rolled over a USD 2.4 billion loan to its all-weather ally Pakistan for two years to help the cash-strapped country shore up its foreign exchange reserves, Finance Minister Ishaq Dar said on Thursday.

China's foreign minister Qin Gang 'missing'? Rumours are rife as he was last seen on June 25

China's foreign minister Qin Gang 'missing'? Rumours are rife as he was last seen on June 25

Wed, Jul 19, 2023

One of the most popular faces of the Chinese government, Qin Gang is a close aide of President Xi Jinping. His sudden disappearance has come at a time when the Chinese government's anti-corruption campaign is underway. In the last 24 days, Gang has skipped all the major events, including the foreign ministers meeting in Jakarta, last week.

China's frail Q2 GDP growth raises urgency for more policy support

China's frail Q2 GDP growth raises urgency for more policy support

Mon, Jul 17, 2023

Private fixed-asset investment shrank 0.2 per cent in the first six months, a sharp contrast to the 8.1 per cent growth in investment by state entities, suggesting weak private business confidence.

China Q2 GDP: Economy grew 6.3% in second quarter, missing analysts' expectations

China Q2 GDP: Economy grew 6.3% in second quarter, missing analysts' expectations

Mon, Jul 17, 2023

China’s GDP in the first quarter beat expectations and grew by 4.5 per cent, as consumers flocked to shopping malls and restaurants after nearly three years of “zero-COVID” restrictions were removed at the end of 2022.

Rare earths prices sink to lowest since 2020 as China ramps up supply

Rare earths prices sink to lowest since 2020 as China ramps up supply

Thu, Jul 13, 2023

Prices for rare earths sank to their lowest since late 2020 this week as soft demand from green energy companies and the automotive sector combined with rising supply from top producer China, analysts said on Thursday.

China sends navy ships and a large group of warplanes toward Taiwan

China sends navy ships and a large group of warplanes toward Taiwan

Wed, Jul 12, 2023

China sent navy ships and a large group of warplanes, including fighter jets and bombers, toward Taiwan over two days, the island’s defense ministry said on Wednesday, before its annual military exercises aimed at defending itself against a possible invasion.

China: Jack Ma's Ant Group slapped with nearly 1bn fine

China: Jack Ma's Ant Group slapped with nearly 1bn fine

Sun, Jul 09, 2023

The Chinese authorities fined Ant and its subsidiaries USD 985 million and ordered the company to shut down its crowdfunding platform for medical costs, Xianghubao.

India again refrains from extending support to China's Belt and Road Initiative: SCO Joint Statement

India again refrains from extending support to China's Belt and Road Initiative: SCO Joint Statement

Wed, Jul 05, 2023

India has again opted out of supporting China's Belt and Road Initiative (BRI), becoming the only country in the Shanghai Cooperation Organisation (SCO) refusing to endorse the project.

Asian stock market: Japan's Nikkei slips from 33-year high as investors book profits

Asian stock market: Japan's Nikkei slips from 33-year high as investors book profits

Tue, Jul 04, 2023

Robot maker Fanuc fell 2.82 per cent to be the Nikkei’s biggest decliner after Daiichi Sankyo

China has $3 trillion hidden currency reserves: What this ex-Biden admin trade advisor says about Asian giant's economy

China has $3 trillion hidden currency reserves: What this ex-Biden admin trade advisor says about Asian giant's economy

Fri, Jun 30, 2023

The People's Bank of China's (PBOC) records show $3.1 trillion in foreign exchange reserves, but Brad Setser argues that an equivalent amount is hidden. The existence of these “shadow reserves” poses a unique risk to the global economy.

China's deepening slide in industrial profits adds to economic gloom

China's deepening slide in industrial profits adds to economic gloom

Wed, Jun 28, 2023

The patchy recovery has prompted S&P Global, Goldman Sachs and other global agencies to ratchet down their China growth forecasts for this year.

China's premier says economic growth is accelerating and the country can hit its 5% target this year

China's premier says economic growth is accelerating and the country can hit its 5% target this year

Tue, Jun 27, 2023

Consumer and factory activity weakened in May and record-setting youth unemployment spiked up.

China helping Pakistan Army build defence infrastructure along LoC: Officials

China helping Pakistan Army build defence infrastructure along LoC: Officials

Mon, Jun 26, 2023

Defense Minister Rajnath Singh targets Pakistan and China on LAC and Kashmir dispute

China cuts lending benchmarks for first time in 10 months to support economy

China cuts lending benchmarks for first time in 10 months to support economy

Tue, Jun 20, 2023

The People's Bank of China (PBOC) lowered short- and medium-term policy rates last week, signalling it is about to embark on another round of loosening in monetary settings in a push to rev up the recovery.

Torrential rain batter several Chinese provinces

Torrential rain batter several Chinese provinces

Mon, Jun 19, 2023

Torrential rain have battered several provinces in China, with local authorities launching emergency responses for disaster prevention.

What does Antony Blinken’s visit to China mean? Can it improve US-China relations?

What does Antony Blinken’s visit to China mean? Can it improve US-China relations?

Mon, Jun 19, 2023

US Secretary of State Antony Blinken's visit to China aims to address the complex dynamics of US-China relations amidst ongoing issues such as the Russia-Ukraine war, tensions in Taiwan and the South China Sea, and the evolving situation in Cuba.

Blinken arrives in Beijing on high-stake mission to cool soaring US-China tensions

Blinken arrives in Beijing on high-stake mission to cool soaring US-China tensions

Sun, Jun 18, 2023

U.S. Officials said before Blinken's departure from Washington on Friday that he would raise each of them, though neither side has shown any inclination to back down on their positions.

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