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India steel imports from China hit record high, data shows  India's finished steel imports from China reached an all-time high during the first eight months of the fiscal year to March 2025, provisional government data showed, adding to concerns among domestic mills about cheap shipments from China. Total imports of finished steel were at an eight-year high with India, the world's second-biggest crude steel producer, a net importer during the period. India shipped in 6.5 million metric tons of finished steel, a 26.6% increase year-...
India steel imports from China hit record high, data shows
India steel imports from China hit record high, data shows
Source: Reuters
2024-12-21 10:30:48 am
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory India's finished steel imports from China reached a record high in the first eight months of FY25, with 1.96 million metric tons shipped, a 22.8% increase year-on-year. Overall, steel imports rose 26.6%, hitting an eight-year high, with China, Japan, and South Korea accounting for 79% of total imports. The surge has impacted India's smaller mills, forcing operational cuts, as New Delhi considers safeguard duties to curb the influx. While India's steel demand remains strong, driven...
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 03:21:39 pm
China`s Coffee Market: Rapid Growth and Global Impact by Amit Gupta, Kedia Advisory China's coffee consumption has surged by 150% over the past decade, driven by urbanization, younger demographics, and evolving preferences for higher-quality green coffee. Consumption is projected to reach 6.3 million 60-kg bags in 2024/25, with imports fulfilling a significant portion of demand. Production, concentrated in Yunnan Province, remains stable at around 2 million bags, with efforts to shift from Catimor to premium Arabica varieties like Bourbon and Typica. Import trends reveal...
China`s Coffee Market: Rapid Growth and Global Impact by Amit Gupta, Kedia Advisory
China`s Coffee Market: Rapid Growth and Global Impact by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 01:00:34 pm
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory In November 2024, China's soybean imports from Brazil fell 25% year-on-year, while U.S. shipments surged as concerns over trade tensions influenced buying decisions. China imported 2.79 million tons of U.S. soybeans, an increase from 2.29 million tons last year. Despite a decline in Brazilian imports, they still accounted for the majority at 3.94 million tons. Argentina saw a significant rise in shipments with 242,227 tons, up from 54,214 tons in November 2023. For the 11 months of 2024, ...
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:57:29 pm
India pips China in creating ultra-high net worth individuals in 2024  The country's ultra-high net worth individual (UHNI) count reached 13,600 in 2024, marking a 6 per cent annual growth, and is projected to soar by 50 per cent by 2028, far outpacing the global growth average of 30 per cent, a report showed on Thursday.  While India’s UHNI population grew by 6 per cent in 2024, China’s grew by just 2 per cent, signalling India’s rising economic prominence, according to the report by Anarock Group. India ranks sixth global...
India pips China in creating ultra-high net worth individuals in 2024
India pips China in creating ultra-high net worth individuals in 2024
Source: IANS
2024-12-19 05:22:03 pm
South Korean chip exports face growing competition from China, Malaysia South Korea's semiconductor exports face growing threats from China, Taiwan and Malaysia amid intensifying global competition in advanced industries, an industry report showed on Monday.  The report from the Korea Trade-Investment Promotion Agency, better known as KOTRA, on the export similarity index (ESI) for semiconductors showed China as being South Korea's top competitor in the sector, with an ESI score of 72.2 in the third quarter of the year. Taiwan's ESI with So...
South Korean chip exports face growing competition from China, Malaysia
South Korean chip exports face growing competition from China, Malaysia
Source: IANS
2024-12-16 10:01:03 am
Chinese automaker Chery launches new model in Israel Chinese carmaker Chery began selling a new model in Israel on Sunday, as announced by its official Israeli dealership, Freesbe. The new model, Arrizo 8, is a plug-in hybrid mid-size sedan equipped with a 1.5-liter turbine engine. It can accelerate from 0 to 100 km/h in 7.8 seconds and reach a top speed of 185 km/h, with a pure electric range exceeding 100 km, Xinhua news agency reported. Chery entered the Israeli market in November 2022 and has since offered the gasoline-powered crossov...
Chinese automaker Chery launches new model in Israel
Chinese automaker Chery launches new model in Israel
Source: IANS
2024-12-16 09:00:13 am
China`s Grain Output Hits Record 706 Million Tons in 2024 by Amit Gupta, Kedia Advisory China's grain production in 2024 reached a record 706.5 million tons, marking a 1.6% increase from 2023. Larger harvests of rice, wheat, and corn, driven by expanded planting and improved yields, contributed to the growth. Despite this, soybean output fell 0.9%, reflecting reduced planting areas. China's focus on food security led to investments in farm technology and stricter farmland protection policies. Rice production rose 0.5%, wheat increased by 2.6%, and corn reached a record 2...
China`s Grain Output Hits Record 706 Million Tons in 2024 by Amit Gupta, Kedia Advisory
China`s Grain Output Hits Record 706 Million Tons in 2024 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-13 05:10:28 pm
China Plans Debt Boost, Interest Rate Cuts for 2024 Growth by Amit Gupta, Kedia Advisory China's Central Economic Work Conference (CEWC) outlined plans to enhance economic stability by raising the budget deficit, issuing more debt, and adopting a looser monetary policy in 2024. The country aims to counteract external pressures such as U.S. trade tensions and internal challenges like the property market crisis and high local government debt. The CEWC pledged active fiscal measures, including ultra-long-term treasury bonds and reduced bank reserve requirements. While specific g...
China Plans Debt Boost, Interest Rate Cuts for 2024 Growth by Amit Gupta, Kedia Advisory
China Plans Debt Boost, Interest Rate Cuts for 2024 Growth by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-13 09:05:17 am
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory China's exports grew 6.7% in November, missing forecasts, while imports unexpectedly fell by 3.9%, signaling growing trade challenges. U.S. President-elect Donald Trump’s pledge to impose new tariffs on Chinese goods and unresolved EU-China disputes over electric vehicle tariffs heighten risks for China’s export-driven economy. Meanwhile, South Korea’s declining exports to China reflect weak demand for components. The trade surplus rose to $97.44 billion, slightly up fro...
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:31:56 pm
India to be key market for global oil & gas as China slows: HSBC  India is expected to be the key destination for global oil and gas products as the country adds refinery, petrochem, LNG regasification and pipeline capacity while the Chinese economy slows, according to an HSBC report released on Tuesday.   The report states that global oil prices are likely to remain weak. This would benefit India as the country imports over 80 per cent of its crude oil requirement and any decline in global oil prices leads to a huge saving in the import bill....
India to be key market for global oil & gas as China slows: HSBC
India to be key market for global oil & gas as China slows: HSBC
Source: IANS
2024-12-10 03:06:37 pm
China Shifts Monetary Policy to Boost Economic Growth by Amit Gupta, Kedia Advisory China has announced its first monetary policy shift since 2010, signaling a shift towards an "appropriately loose" policy to stimulate economic growth. This change, following a Politburo meeting, includes a proactive fiscal policy, unconventional counter-cyclical adjustments, and a focus on boosting domestic consumption. The policy aims to drive innovation and enhance economic stability in 2025. The move represents a departure from the “prudent” stance adopted after the ...
China Shifts Monetary Policy to Boost Economic Growth by Amit Gupta, Kedia Advisory
China Shifts Monetary Policy to Boost Economic Growth by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 09:35:23 am
Gold Price Gains as Middle East Tensions and China Support Drive Momentum by Amit Gupta, Kedia Advisory Gold continues its upward momentum, holding above the key $2,660 level, bolstered by geopolitical concerns in the Middle East and China’s resumed gold purchases. The US Dollar is hesitant as strong US labor data doesn’t halt expectations of Fed rate cuts. Gold is poised for a potential breakout above the critical $2,665 level, with further gains likely towards $2,690 and $2,720. The increasing geopolitical risk, along with China’s recent move to boost gold reserves, is offer...
Gold Price Gains as Middle East Tensions and China Support Drive Momentum by Amit Gupta, Kedia Advisory
Gold Price Gains as Middle East Tensions and China Support Drive Momentum by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 09:20:05 am
Oil Prices Surge on China Stimulus and Geopolitical Tensions by Amit Gupta, Kedia Advisory Oil prices rose on Monday, driven by optimism around China's stimulus plans for 2025 and increased geopolitical risks. China's Politburo announced a shift in monetary policy, indicating a more relaxed stance for the coming year. This, coupled with rising tensions in the Middle East, helped oil prices recover. Brent crude surged 1.1% to $71.91, while WTI crude climbed 1.4% to $68.11. US oil inventories dropped unexpectedly, adding further support. Despite Saudi Arabia's price cuts ...
Oil Prices Surge on China Stimulus and Geopolitical Tensions by Amit Gupta, Kedia Advisory
Oil Prices Surge on China Stimulus and Geopolitical Tensions by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 09:16:35 am
Asia stocks slugged by South Korea turmoil, China disinflation Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there. Chinese figures out on Monday showed the consumer price index fell a surprisingly large 0.6% in November, pulling annual inflation down to just 0.2% and underlining the need for more drastic policy stimulus. Beijing's Central Economic Work Confere...
Asia stocks slugged by South Korea turmoil, China disinflation
Asia stocks slugged by South Korea turmoil, China disinflation
Source: Reuters
2024-12-09 08:50:50 am
Indian dealers offer discounts; China sees seasonally soft demand Physical gold was sold at a discount in India for the first time in six weeks, as a weaker rupee drove up prices and in turn moderated demand, while top consumer China saw seasonally slow demand. Domestic prices in India rose to 76,800 rupees per 10 grams on Friday after falling to 74,852 rupees earlier last week. Jewellers were not making purchases as the rupee fell to a record low, making imports even more expensive, said a Mumbai-based dealer with a private bullion importing bank. ...
Indian dealers offer discounts; China sees seasonally soft demand
Indian dealers offer discounts; China sees seasonally soft demand
Source: Reuters
2024-12-06 02:02:04 pm
China`s Cotton Market : Record Yields and Shifting Trends by Amit Gupta, Kedia Advisory China's cotton market is witnessing record-breaking developments in MY 2024/25. With cotton production forecasted at 6.2 million metric tons (MMT), a 5% increase from the previous year, Xinjiang remains the epicenter, accounting for 94.8% of total output. However, domestic consumption estimates are slightly lowered to 8.1 MMT due to sluggish demand in textile and apparel sectors, influenced by global economic uncertainties. High stocks and robust production are set to reduce imports by ne...
China`s Cotton Market : Record Yields and Shifting Trends by Amit Gupta, Kedia Advisory
China`s Cotton Market : Record Yields and Shifting Trends by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-06 11:34:30 am
India`s steel imports from China hit record high, latest data shows India's finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4% increase year-on-year, the data showed. This has exacerbated the deteriorating financial health of ...
India`s steel imports from China hit record high, latest data shows
India`s steel imports from China hit record high, latest data shows
Source: Reuters
2024-12-06 09:21:05 am
FIH Pro League: Dominant China outgun England women to cap off incredible year  Hosts China rallied from their first loss of the new FIH Hockey Pro League season a day earlier with a dominant 4-0 victory over a young England side in Hangzhou on Wednesday.  All the goals in their victory were scored by different players in a match that saw the Chinese wrapping up an incredible year, in which they claimed Olympic silver, on a successful note China ended their long year with a convincing 4-0 win over a young English side, pressing effectively and making exc...
FIH Pro League: Dominant China outgun England women to cap off incredible year
FIH Pro League: Dominant China outgun England women to cap off incredible year
Source: IANS
2024-12-05 11:17:46 am
India sold more 2-wheelers than China in 2023 as rural consumption surges Driven by the surge in rural consumption, India sold more two-wheelers than China in 2023, as entry level two-wheeler manufacturers in the country already have their reach to rural areas of the country. As per data by the Society of Indian Automobile Manufacturers (SIAM), 16.6 million units of two-wheelers were sold in China in 2023, while total two-wheelers registered in India in CY 2023 were 17.10 million (as per Vahan database for CY 2023), informed the government. The production-lin...
India sold more 2-wheelers than China in 2023 as rural consumption surges
India sold more 2-wheelers than China in 2023 as rural consumption surges
Source: IANS
2024-12-04 09:48:50 am
In pivot from India, Nepal PM visits China to seek investment Nepal's veteran communist politician K.P. Sharma Oli, returning as prime minister this year for a fourth time, aims to persuade Beijing to give new momentum to planned infrastructure projects during a days-long visit to China. Oli's visit was his first to a foreign country since his July swearing-in, a break from the customary destination of New Delhi, with which Kathmandu has centuries-old ties. He is set to meet Chinese President Xi Jinping and Premier Li Qiang on Tuesday for ...
In pivot from India, Nepal PM visits China to seek investment
In pivot from India, Nepal PM visits China to seek investment
Source: Reuters
2024-12-03 05:42:59 pm
India signals readiness to pursue China business ties after border row resolved  India and China will consider "other aspects" of their bilateral ties in a calibrated manner now that they have completed pulling back their troops from the last two face-off points on their Himalayan border, India's foreign minister said on Tuesday. The comments came six weeks after New Delhi and Beijing reached a deal to resolve a four-year military stand-off that had damaged the relationship between the Asian giants, indicating that India is willing to improve b...
India signals readiness to pursue China business ties after border row resolved
India signals readiness to pursue China business ties after border row resolved
Source: Reuters
2024-12-03 05:37:01 pm
Sterling Tools climbs on inking pact with China`s Meishuo Electric for Power Transmission Solutions in India Sterling Tools is currently trading at Rs. 740.00, up by 45.85 points or 6.61% from its previous closing of Rs. 694.15 on the BSE. The scrip opened at Rs. 708.05 and has touched a high and low of Rs. 744.30 and Rs. 684.50 respectively. So far 50515 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 744.30 on 02-Dec-2024 and a 52 week low of Rs. 305.00 on 28-Mar-2024. Last one week high and low of the scrip stood at...
Sterling Tools climbs on inking pact with China`s Meishuo Electric for Power Transmission Solutions in India
Sterling Tools climbs on inking pact with China`s Meishuo Electric for Power Transmission Solutions in India
Source: Accord Fintech
2024-12-02 03:49:14 pm
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory Asia's manufacturing sector showed signs of revival in November, driven by China's impressive factory activity growth, which hit a five-month high. The Caixin PMI rose to 51.5, reflecting robust domestic and export orders fueled by Beijing's stimulus efforts. While China’s recovery bolstered production in South Korea and Taiwan, Japan's factory activity contracted, highlighting regional disparities. Risks such as potential trade tensions under a second Donald Trump presi...
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory
Asia`s Factories Surge Amid China`s Recovery, Risks Persist by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-02 11:24:44 am
China's manufacturing sector posts faster expansion in November China's manufacturing sector registered faster expansion in November on government policy support, official data showed on Saturday.  The purchasing managers' index for China's manufacturing sector came in at 50.3 in November, up from 50.1 in October, the National Bureau of Statistics (NBS) said in a statement, Xinhua news agency reported. A reading above 50 indicates expansion, while a reading below 50 reflects contraction. China's manufacturing sector saw faste...
China's manufacturing sector posts faster expansion in November
China's manufacturing sector posts faster expansion in November
Source: IANS
2024-11-30 12:52:23 pm
IPMA expresses concerns over rising imports of virgin fibre paperboard from countries like China, Chile Indian Paper Manufacturers Association (IPMA) has expressed concerns over rising imports of virgin fibre paperboard from countries like China and Chile. It said that below-cost shipments are hitting local producers and threatening their investments. It said that imports of virgin fibre paperboard (VFP), mainly used as packaging material for pharma, FMCG, and cosmetics products, have grown more than three-fold to 21,233 tonnes per month in the first six months of 2024-25 compared to the averag...
IPMA expresses concerns over rising imports of virgin fibre paperboard from countries like China, Chile
IPMA expresses concerns over rising imports of virgin fibre paperboard from countries like China, Chile
Source: Accord Fintech
2024-11-28 12:35:02 pm
China`s 2025 Growth Faces Tariff Risks Amid Economic Challenges by Amit Gupta, Kedia Advisory China's 2025 economic growth outlook appears challenging as Bank of America (BofA) forecasts GDP growth to decelerate to 4.5%, down from 4.8% in 2024. Key concerns include weak domestic demand, property sector struggles, and escalating trade tensions with the U.S. Potential U.S. tariff hikes could sharply impact Chinese exports, forcing policymakers to intensify fiscal and monetary easing. While upside risks include stronger stimulus and emerging market demand, deflationary pressures and ...
China`s 2025 Growth Faces Tariff Risks Amid Economic Challenges by Amit Gupta, Kedia Advisory
China`s 2025 Growth Faces Tariff Risks Amid Economic Challenges by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-27 03:21:00 pm
Donald Trump says he will hit China, Canada, Mexico with tariff hikes on Day 1 in office  US President-elect Donald Trump on Monday announced his intention to sign orders on his first day in office in January that will impose a 25 per cent tariff on all goods from Mexico and Canada unless they stop the flow of illegal immigrants and fentanyl drugs through their countries into the United States.  Trump also announced he will slap a tariff of 10 per cent over and above existing rates on goods from China if it did not act decisively to stop fentanyl coming to the US. ...
Donald Trump says he will hit China, Canada, Mexico with tariff hikes on Day 1 in office
Donald Trump says he will hit China, Canada, Mexico with tariff hikes on Day 1 in office
Source: IANS
2024-11-26 10:08:03 am
Most Asia-Pacific nations to see strong growth in 2025, China to take hit with new US government  Much of the Asia-Pacific region is expected to grow solidly in the first quarter of 2025, although China will take a big hit due to the challenges posed by the new US administration to be headed by Donald Trump, according to an S&P Global report released on Monday.  Higher US tariffs on Chinese exports would make other Asian economies more competitive in the US and they may attract more foreign direct investment, including from US firms, said the report. It stated that a ...
Most Asia-Pacific nations to see strong growth in 2025, China to take hit with new US government
Most Asia-Pacific nations to see strong growth in 2025, China to take hit with new US government
Source: IANS
2024-11-25 02:06:35 pm
VC funding in China drops 26.8 pc during Jan-Oct as India sees surge As India sees a surge in venture capital (VC) funding, China saw a steep 26.8 per cent decline in VC funding (by value) in the January-October period this year, according to a new report.  A total of 2,116 venture capital (VC) funding deals worth $28.2 billion were announced in China during January-October. “This represents a year-on-year (YoY) decline of 22.5 per cent in VC deal volume, whereas the total disclosed funding value fell by 26.8 per cent,” according to Glob...
VC funding in China drops 26.8 pc during Jan-Oct as India sees surge
VC funding in China drops 26.8 pc during Jan-Oct as India sees surge
Source: IANS
2024-11-22 11:24:21 am
China Unveils Policies to Boost Trade Amid Tariff Worries by Amit Gupta, Kedia Advisory China’s commerce ministry has introduced measures to support foreign trade amid fears of U.S. tariff hikes. The policies include boosting financing for exporters, stabilizing the yuan, and expanding agricultural exports. With U.S. President-elect Trump threatening steep tariffs on Chinese goods, manufacturers are concerned about potential trade disruptions. Trade has remained a key growth driver for China despite domestic economic challenges. The ministry also plans to promote imports o...
China Unveils Policies to Boost Trade Amid Tariff Worries by Amit Gupta, Kedia Advisory
China Unveils Policies to Boost Trade Amid Tariff Worries by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-21 05:07:29 pm
India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline India saw 11.9 per cent increase in deal volume (year-on-year) in the January-October period, bucking the overall trend in the Asia-Pacific region, a new report has said.  On the other hand, China experienced YoY decline in deal volume by 22.9 per cent during the period, according to GlobalData, a leading data and analytics company. A total of 11,808 deals (mergers and acquisitions, private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during ...
India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline
India clocks 12 pc rise in deal volume in Jan-Oct, China sees 23 pc decline
Source: IANS
2024-11-17 12:47:56 pm
Global brokerage CLSA shifts `tactical allocation` to India from China In good news for the domestic stock market, global brokerage CLSA has shifted its "tactical allocation" to India from China, citing growing concerns over Beijing’s economy and investor sentiment after the US presidential election.  In a note titled ‘Pouncing Tiger, Prevaricating Dragon,” the global brokerage changed its stance after Donald Trump’s return as the 47th US President and foreign institutional investor (FII) outflows reached around Rs 1.44 ...
Global brokerage CLSA shifts `tactical allocation` to India from China
Global brokerage CLSA shifts `tactical allocation` to India from China
Source: IANS
2024-11-16 09:06:06 am
India `s insurance sector growth surpasses China, Thailand: McKinsey India’s insurance sector clocked a robust 11 per cent compound annual growth rate to cross the $130 billion mark during FY2020-23, surpassing Asian peers China and Thailand, which grew at less than 5 per cent, according to a McKinsey report.  The report. titled 'Steering Indian Insurance from Growth to Value in the Upcoming Techade’, said that while the country's life insurance industry grew to $107 billion as of 2023, the general insurance industry touched $35.2 b...
India `s insurance sector growth surpasses China, Thailand: McKinsey
India `s insurance sector growth surpasses China, Thailand: McKinsey
Source: IANS
2024-11-15 12:09:53 pm
Heranba Industries shines on getting nod to incorporate Foreign Joint Venture Company in China Heranba Industries is currently trading at Rs. 477.45, up by 14.70 points or 3.18% from its previous closing of Rs. 462.75 on the BSE. The scrip opened at Rs. 460.05 and has touched a high and low of Rs. 486.35 and Rs. 459.45 respectively. So far 3194 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 561.00 on 07-Nov-2024 and a 52 week low of Rs. 278.15 on 04-Jun-2024. Last one week high and low of the scrip stoo...
Heranba Industries shines on getting nod to incorporate Foreign Joint Venture Company in China
Heranba Industries shines on getting nod to incorporate Foreign Joint Venture Company in China
Source: Accord Fintech
2024-11-14 11:38:26 am
Asia shares stumble; long-end US bond yields rise with dollar Asian stocks fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump's return to the White House and the view that his administration will be a boon for cryptocurrencies. The world's largest cryptocurrency last traded 1.6% higher at...
Asia shares stumble; long-end US bond yields rise with dollar
Asia shares stumble; long-end US bond yields rise with dollar
Source: Reuters
2024-11-14 09:04:25 am
India set to become ‘major producer’ of electric vehicles like China: Mark Mobius India, which began its electric vehicle (EV) journey with two-wheelers, is set to become a “major producer" of electric vehicles like China in years to come, ace global investor Mark Mobius has said.  The EV sales have seen a record surge under the PM E-DRIVE scheme, reflecting the growing momentum of EV adoption. Through initiatives like the Electric Mobility Promotion Scheme (EMPS) and the PM E-DRIVE schemes, electric two-wheelers (e-2W) sales surged to 5,71,411 units in ...
India set to become ‘major producer’ of electric vehicles like China: Mark Mobius
India set to become ‘major producer’ of electric vehicles like China: Mark Mobius
Source: IANS
2024-11-13 02:14:21 pm
Chinese EV giant BYD enters South Korean passenger car market Chinese electric vehicle (EV) giant BYD on Wednesday officially announced its plan to enter South Korea's passenger car market.  BYD Korea, the company's South Korean sales subsidiary, said in a statement that it has "completed review to release passenger car brands in the domestic market" and officially confirmed its entry with a target date, likely early next year, to be set in the near future. BYD Korea said it is currently working on establishing regional sale...
Chinese EV giant BYD enters South Korean passenger car market
Chinese EV giant BYD enters South Korean passenger car market
Source: IANS
2024-11-13 11:04:58 am
Donald Trump realises India a key component to his economic agenda amid China factor: Mark Mobius As US President-elect Donald Trump begins raising the pitch around imposing tariffs amid his 'America First' policy, he realises that India -- on a robust growth path under Prime Minister Narendra Modi -- is an important component to his economic agenda amid the China factor, ace investor Mark Mobius said on Tuesday.   In an exclusive conversation with IANS, Mobius said one of the benefits of the imposition, or at least the threat of higher tariffs, is that it brings people to...
Donald Trump realises India a key component to his economic agenda amid China factor: Mark Mobius
Donald Trump realises India a key component to his economic agenda amid China factor: Mark Mobius
Source: IANS
2024-11-12 04:00:49 pm
Oil prices hold their ground after falling on China stimulus  Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report after China's stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West Texas Intermediate crude futures were at $68.07 a barrel, up 3 cents. Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 ...
Oil prices hold their ground after falling on China stimulus
Oil prices hold their ground after falling on China stimulus
Source: Reuters
2024-11-12 08:43:18 am
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last w...
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Source: Reuters
2024-11-11 09:15:41 am
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders. U.S. West Texas Intermediate futures led the decline and settled at $70.38 per barrel, down by 2.7%, or $1.98. Global benchmark Brent crude futures fell by 2.3%, or $1.76, to$73.87 per barrel. Energy producers shut in more than 23% of oil output in ...
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Source: Reuters
2024-11-11 09:01:14 am
Oil falls as China stimulus fails to boost sentiment, US dollar strength  Oil prices fell on Monday, after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer and as the U.S. dollar edged higher. Brent crude futures fell $1.10, or 1.5% to $72.77 a barrel by 1101 GMT while U.S. West Texas Intermediate crude futures were at $69.17 a barrel, down $1.21, or 1.7%. Both benchmarks fell more than 2% on Friday. The dollar firmed 0.40%, as traders prepared for a key reading of U.S. consumer inflati...
Oil falls as China stimulus fails to boost sentiment, US dollar strength
Oil falls as China stimulus fails to boost sentiment, US dollar strength
Source: Reuters
2024-11-11 08:56:12 am
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory China's steel industry, already grappling with domestic demand challenges, could face additional strain if the U.S. raises tariffs on goods containing steel under President-elect Trump's administration. While less than 1% of China's steel is directly exported to the U.S., indirect exports—such as manufactured items made from steel—are significant, with potential tariffs threatening up to 12.78 million tons. This impact could intensify as domestic steel consumption cont...
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:36:35 pm
India`s April-Sept steel imports led by China, government data shows  India's imports of steel over the period from April to September were led by shipments from China, according to provisional government data reviewed by Reuters on Friday, and the South Asian nation remained a net importer of the alloy. The world's second-biggest producer of crude steel imported 4.7 million metric tons of the finished metal from April to September, up 42.2% from a year ago, the data showed. China exported 1.4 million metric tons of steel to India during the...
India`s April-Sept steel imports led by China, government data shows
India`s April-Sept steel imports led by China, government data shows
Source: Reuters
2024-11-08 03:43:22 pm
India ahead of China in QS Asia University rankings for second time in a row India has for the second consecutive year outperformed China in the QS Asia University Rankings 2025, signalling a significant improvement in the country’s higher education.  With 193 Higher Educational Institutions (HEIs) ranked in the list from India, the country showed the highest growth in university representation. The list also includes 21 new entrants. India was followed by China with 135 universities, and Japan with 115 universities, according to the latest annual lis...
India ahead of China in QS Asia University rankings for second time in a row
India ahead of China in QS Asia University rankings for second time in a row
Source: IANS
2024-11-08 12:16:02 pm
India should join China-backed Asian trade bloc, government think tank CEO says India should join the Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on Thursday, years after the country decided to walk out of the China-backed Asian trade bloc. The RCEP is the world's largest trade bloc backed by China and groups 15 Asia-Pacific economies, including Australia, Japan, New Zealand and the 10 member-states of the Association of Southeast Asian Nations (ASEAN). In 2019, India decided to not join the bloc, on the gr...
India should join China-backed Asian trade bloc, government think tank CEO says
India should join China-backed Asian trade bloc, government think tank CEO says
Source: Reuters
2024-11-07 05:04:54 pm
Oil edges down ahead of US election, China NPC meeting  Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S. West Texas Intermediate crude was at $71.33 a barrel, down 14 cents, or 0.2%. "We are now in the calm before the storm," IG market analyst Tony Sycamore...
Oil edges down ahead of US election, China NPC meeting
Oil edges down ahead of US election, China NPC meeting
Source: Reuters
2024-11-05 08:45:58 am