News

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
India to surpass US and China to become leader in automobile Industry over next ten years: Nitin Gadkari Minister for Road Transport and Highways, Nitin Gadkari, has laid out a vision to transform India into the world’s top automobile hub within the next decade. Citing India’s competitive advantages in production costs and labour, Gadkari expressed confidence in the country’s capacity to become a leading global player. He stated ‘The size of our automobile industry is 22 lakh crore. and size of the China’s automobile industry is 44 lakh crores and US is 78 lakh c...
India to surpass US and China to become leader in automobile Industry over next ten years: Nitin Gadkari
India to surpass US and China to become leader in automobile Industry over next ten years: Nitin Gadkari
Source: Accord Fintech
2024-10-30 02:12:52 pm
Asia shares stumble on China headwinds; gold and bitcoin buoyant Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the yellow metal, while bitcoin also flirted with a record peak as markets weigh the prospect of a victory by Republican candidate Donald Trump. MSCI's bro...
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Source: Reuters
2024-10-30 08:47:38 am
Thaw in China ties unlikely to deter India`s plans for steel tariffs, source says  Signs of thawing ties a day after the leaders of India and China met are unlikely to deter New Delhi's plans to back tariffs on steel as they are not country-specific measures, a senior government official with direct knowledge of the matter said. Mills in the world's second-biggest producer of crude steel have been battling an influx of cheap imports, particularly those from China, which touched a seven-year high during the period from April to August. China's surging...
Thaw in China ties unlikely to deter India`s plans for steel tariffs, source says
Thaw in China ties unlikely to deter India`s plans for steel tariffs, source says
Source: Reuters
2024-10-24 03:41:20 pm
No country in the world, whether US or China, can ignore India: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman has said that India wants to enhance its influence in the world as one in every six persons is Indian and the world cannot ignore India's economy. Union Minister Sitharaman said that no country, whether the US which is far away or China which is very close cannot ignore India. While participating in a panel discussion on the 'Bretton Woods Institutions at 80: Priorities for the Next Decade', organised by the Centre for Global Develop...
No country in the world, whether US or China, can ignore India: FM Nirmala Sitharaman
No country in the world, whether US or China, can ignore India: FM Nirmala Sitharaman
Source: IANS
2024-10-24 09:27:31 am
Oil prices trim Middle East war risk-gains, China demand remains a worry Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel at 0046 GMT. U.S. West Texas Intermediate crude futures for November delivery were 2 cents lower at $70.54 a barrel on the contract's last day as...
Oil prices trim Middle East war risk-gains, China demand remains a worry
Oil prices trim Middle East war risk-gains, China demand remains a worry
Source: Reuters
2024-10-22 08:54:25 am
China Q3 GDP Growth Slows Amid Industrial, Property Struggles by Amit Gupta, Kedia Advisory China's economy grew 4.6% year-on-year in Q3 2024, marking the slowest expansion since Q1 2023 due to persistent property sector issues, tepid domestic demand, and ongoing trade challenges. Despite a 4.8% growth rate for the first three quarters, hitting the lower end of the government's 5% target remains challenging. September saw mixed signals, with industrial production accelerating to 5.4% but new home prices posting the steepest decline since 2015. Retail sales rebounded to a 3.2...
China Q3 GDP Growth Slows Amid Industrial, Property Struggles by Amit Gupta, Kedia Advisory
China Q3 GDP Growth Slows Amid Industrial, Property Struggles by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-18 11:12:38 am
`Trump trade `lifts dollar, Asia stocks await China news Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency. Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years. Results at chipmaking giant TSMC will be in focus after a soft outlook fr...
`Trump trade `lifts dollar, Asia stocks await China news
`Trump trade `lifts dollar, Asia stocks await China news
Source: Reuters
2024-10-17 09:02:33 am
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook The Australian and New Zealand dollars slumped on Wednesday as scepticism grew about top trading partner China's stimulus, while the greenback hovered near two-month peaks versus major peers on wagers U.S. interest rate cuts will be gradual. New Zealand's currency was weighed down further by data showing cooling inflation, keeping the door open for aggressive easing by the nation's central bank. The Aussie dropped as much as 0.51% to $0.6669, the lowest since Sept. 12, befor...
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook
Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook
Source: Reuters
2024-10-16 08:50:50 am
Chip stocks lead Asian markets lower; China in focus Asian equities fell on Wednesday after disappointing earnings from Europe's biggest tech firm ASML dragged chip stocks around the world, while expectations that the Federal Reserve will take a modest rate cut path propped up the dollar. Also weighing on the market was lacklustre earnings from French luxury giant LVMH that showed demand in China for luxury goods worsened, denting some of the enthusiasm around China spurred by stimulus measures. Tech-heavy South Korean stocks fell 0.6...
Chip stocks lead Asian markets lower; China in focus
Chip stocks lead Asian markets lower; China in focus
Source: Reuters
2024-10-16 08:46:49 am
OPEC Cuts China Oil Demand Forecast Amid Falling Imports by Amit Gupta, Kedia Advisory OPEC has reduced its forecast for China's crude oil demand growth in 2024 for the third consecutive month, now expecting an increase of 580,000 barrels per day (bpd). The revised estimate is lower than September's 650,000 bpd forecast and July's 760,000 bpd prediction. China's oil imports have consistently fallen, with customs data showing a decline of 2.8% in the first nine months of 2024 compared to the same period in 2023. Despite an uptick in domestic oil production, the o...
OPEC Cuts China Oil Demand Forecast Amid Falling Imports by Amit Gupta, Kedia Advisory
OPEC Cuts China Oil Demand Forecast Amid Falling Imports by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-15 10:04:03 am
India to outpace China, US in economic growth: USISPF Chairman John Chambers Emphasising that India could become a model for global growth, US-India Strategic Partnership Forum (USISPF) Chairman John Chambers on Monday predicted that the country will surpass China and the United States in key economic metrics, projecting nearly 100 per cent higher GDP per capita income growth compared to China and 33 per cent larger growth than the US in the near future.  Speaking at the Annual India Leadership Summit 2024 hosted by USISPF in New Delhi, Chambers lauded the rap...
India to outpace China, US in economic growth: USISPF Chairman John Chambers
India to outpace China, US in economic growth: USISPF Chairman John Chambers
Source: IANS
2024-10-14 05:45:01 pm
Saudi Arabia eyes more tourists, investment from China As Saudi Arabia aims to attract more Chinese tourists to the Middle Eastern country and cooperate more with Chinese companies, it has its path chartered before it. Deputy Minister of Tourism of Saudi Arabia Sultan Al Musallam, speaking at an event, said about the kingdom’s emergence as a global tourism powerhouse and its plans to attract more Chinese tourists in the coming year. “We started in 2010 with our national tourism strategy and we are embarking on the second phase. ...
Saudi Arabia eyes more tourists, investment from China
Saudi Arabia eyes more tourists, investment from China
Source: IANS
2024-10-13 05:58:02 pm
Asian shares set for first weekly loss in five, China stimulus eyed Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which pointed to stalling progress in the Federal Reserve's fight against inflation. However, high weekly jobless claims figures kept bets that the Fed remai...
Asian shares set for first weekly loss in five, China stimulus eyed
Asian shares set for first weekly loss in five, China stimulus eyed
Source: Reuters
2024-10-11 08:48:37 am
China revives stocks rally, traders await US inflation test Chinese stocks resumed their rally on Thursday, fanned by expectations a briefing from finance officials this weekend would deliver anticipated fiscal stimulus, while the dollar lingered near a two-month high before a U.S. inflation report. Mainland shares got a lift early in the Asia session as China's central bank kicked off its 500 billion yuan facility to spur capital markets, a plan it announced late September as part of a series of stimulus measures. China's blue-chip CSI3...
China revives stocks rally, traders await US inflation test
China revives stocks rally, traders await US inflation test
Source: Reuters
2024-10-10 11:33:08 am
China Confident in Achieving 2024 Economic Growth Targets by Amit Gupta, Kedia Advisory China is confident in achieving its 2024 economic and social development targets, despite growing internal and external challenges, according to Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC). To support growth, the government has announced the early release of 200 billion yuan ($28.24 billion) from the 2025 budget to fund key projects. Recent stimulus measures, including monetary and property market support, have boosted market optimism, pushing Chinese shar...
China Confident in Achieving 2024 Economic Growth Targets by Amit Gupta, Kedia Advisory
China Confident in Achieving 2024 Economic Growth Targets by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-10-08 10:27:44 am
China reopens with a bang but fails to lift Asia stocks Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. The optimism though failed to spill over into other share markets in Asia, particularly Hong Kong, which reversed some of the rally it enjoyed while China was out on a week-long holiday. China's CSI300 blue-chip index surged 10% in early trade to its highest level since July...
China reopens with a bang but fails to lift Asia stocks
China reopens with a bang but fails to lift Asia stocks
Source: Reuters
2024-10-08 08:33:26 am
China stocks set for best week since 2008; Japan leadership contest in focus Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to 2-1/2-year highs, while a sharp fall in oil prices bodes well for disinflation globally. The yen retreated to three-week lows ahead of a leadership contest of Japan's ruling Liberal Democratic Party on Friday, as investors looked to gauge what it could mean for the country's rate hike path. In the United States, the core personal con...
China stocks set for best week since 2008; Japan leadership contest in focus
China stocks set for best week since 2008; Japan leadership contest in focus
Source: Reuters
2024-09-27 08:22:02 am
Dollar drifts, risk-sensitive currencies lifted by China optimism The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. Data on Thursday suggested the U.S. labour market remained fairly healthy, while other reports showed corporate profits increased at a more robust pace than initially thought in the second quarter, highlighting an upbeat economic outlook. The dollar, however, ...
Dollar drifts, risk-sensitive currencies lifted by China optimism
Dollar drifts, risk-sensitive currencies lifted by China optimism
Source: Reuters
2024-09-27 08:18:57 am
S&P Global Ratings retains India`s GDP growth at 6.8 pc for FY25, cuts China`s forecast  S&P Global Ratings on Tuesday retained India's growth forecast at 6.8 per cent for the fiscal 2024-25, while reducing China's economic growth by 0.2 per cent to 4.6 per cent in the calendar year 2024.  In its quarterly economic outlook for the Asia-Pacific region, the global rating agency said, "In India, GDP growth moderated in the June quarter as high interest rates temper urban demand, in line with our projection of 6.8 for GDP for the full fiscal year 2024-2...
S&P Global Ratings retains India`s GDP growth at 6.8 pc for FY25, cuts China`s forecast
S&P Global Ratings retains India`s GDP growth at 6.8 pc for FY25, cuts China`s forecast
Source: IANS
2024-09-24 01:42:36 pm
India becomes 6th largest market in global MSCI IMI index, surpasses China In yet another feat to India’s growing clout in the world economy, the country has become the sixth-largest market in the MSCI All Country World Investable Market Index (ACWI IMI), surpassing China.  The global index tracks capital market performance across the world. The index includes large- and mid-cap stocks and is a more inclusive version of the widely tracked MSCI ACWI Index. India’s weight in the MSCI ACWI IMI stood at 2.35 per cent in August, 11 basis points hig...
India becomes 6th largest market in global MSCI IMI index, surpasses China
India becomes 6th largest market in global MSCI IMI index, surpasses China
Source: IANS
2024-09-19 11:38:41 am
Southeast Asia expected to boost coal trade as China approaches peak Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak. The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, ending growth in global seaborne trade volumes of the polluting fuel, its Chairman Priyadi said in a presentation to the Coaltrans Asia conference. However, the ICMA expects annual coal imp...
Southeast Asia expected to boost coal trade as China approaches peak
Southeast Asia expected to boost coal trade as China approaches peak
Source: Reuters
2024-09-10 02:38:20 pm
India pips China to become largest weight in MSCI Emerging Market IMI Strong fundamentals have helped India pip China in the MSCI EM Investable Market Index (IMI) to become the largest weight. The world’s fastest-growing economy is also set to surpass China as the top weight in the broader MSCI Emerging Markets index too.  The MSCI Emerging Markets IMI captures large, mid and small cap representation across 24 Emerging Markets (EM) countries. With 3,355 constituents, the index covers approximately 99 per cent of the free float-adjusted market capi...
India pips China to become largest weight in MSCI Emerging Market IMI
India pips China to become largest weight in MSCI Emerging Market IMI
Source: IANS
2024-09-06 10:43:11 am
Indian beauty, personal care market to soar higher than China, Japan, South Korea  India is set to become one of the world's most influential markets for beauty and personal care -- soaring higher than China, the US, Japan, and South Korea, according to a report.  The report by online beauty and fashion marketplace Nykaa showed that India is set to see a 10-11 per cent growth by 2028 and will reach $ 34 billion in the beauty, and personal care market. "India is the fastest growing beauty and personal care market globally, expected to reach $ 34 bil...
Indian beauty, personal care market to soar higher than China, Japan, South Korea
Indian beauty, personal care market to soar higher than China, Japan, South Korea
Source: IANS
2024-09-05 11:10:02 am
Asia shares see pockets of gains, China PMI tops forecasts Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty. The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to tri...
Asia shares see pockets of gains, China PMI tops forecasts
Asia shares see pockets of gains, China PMI tops forecasts
Source: Reuters
2024-09-02 08:43:03 am
Aurobindo Pharma rises on eyeing production commencement in China facility Aurobindo Pharma is currently trading at Rs. 1517.20, up by 14.90 points or 0.99% from its previous closing of Rs. 1502.30 on the BSE. The scrip opened at Rs. 1502.30 and has touched a high and low of Rs. 1536.35 and Rs. 1490.90 respectively. So far 13362 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,536.35 on 19-Aug-2024 and a 52 week low of Rs. 815.15 on 05-Sep-2023. Last one week high and low of the scrip...
Aurobindo Pharma rises on eyeing production commencement in China facility
Aurobindo Pharma rises on eyeing production commencement in China facility
Source: Accord Fintech
2024-08-19 03:50:29 pm
Oil prices ease on China demand fears, focus on Mideast talks Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures dropped 13 cents, or 0.2%, to $79.55 per barrel by 0032 GMT. U.S. West Texas Intermediate crude futures slid 13 cents, or 0.2%, to $76.52 a barrel. Both benchmarks fell nearly 2% last Friday as investors tempered expectations of de...
Oil prices ease on China demand fears, focus on Mideast talks
Oil prices ease on China demand fears, focus on Mideast talks
Source: Reuters
2024-08-19 09:03:06 am
India to surpass China to become world’s largest 2-wheeler market in 2024 India is projected to surpass China this year to become the world’s largest two-wheeler (2W) market, a report said on Friday. The robust economic growth, consumer preference for 2Ws for short-distance commutes, and increasing 2W demand in the shared mobility space will help India overtake China, according to Counterpoint Research.  The electric E2W market is growing at a rapid clip, with 2024 sales penetration expected to be 1.5 times that of four-wheeler passenger EVs. The t...
India to surpass China to become world’s largest 2-wheeler market in 2024
India to surpass China to become world’s largest 2-wheeler market in 2024
Source: IANS
2024-08-09 12:45:10 pm
From PepsiCo to P&G, India becomes next big growth bet as China lags India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India's economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette by launching new flavors and size variants aimed at attracting the country's vast population and untapped rural market. "While the last decade had companies focused on selling into China, ...
From PepsiCo to P&G, India becomes next big growth bet as China lags
From PepsiCo to P&G, India becomes next big growth bet as China lags
Source: Reuters
2024-08-09 12:28:15 pm
Electric motor parts maker EuroGroup Laminations enters India, signs JV in China Italian electric motor component maker EuroGroup Laminations is buying a 40% stake in India's Kumar Precision Stampings, the company said shortly after announcing a preliminary agreement for a strategic electric vehicle sector alliance in China. Milan-based EuroGroup Laminations (EGLA) - which specialises in stators and rotors, two key components of electric motors and generators - supplies manufacturers in the automotive and wider industrial sectors. Its clients include Volkswagen,...
Electric motor parts maker EuroGroup Laminations enters India, signs JV in China
Electric motor parts maker EuroGroup Laminations enters India, signs JV in China
Source: Reuters
2024-08-02 04:50:27 pm
Oil prices slip on China demand concerns, waning Middle East worries Oil prices slipped in early Asian trading on Tuesday, extending losses from the previous session, over concerns about Chinese demand and as the market shrugged off the risk of conflict escalating in the Middle East. Brent crude oil futures fell by 12 cents or 0.15% to $79.78 a barrel by 0033 GMT. U.S. crude futures were down 14 cents, or 0.18%, at $75.67 a barrel. A raft of disappointing economic news out of China has shaken markets recently. China's manufacturing activity likely sh...
Oil prices slip on China demand concerns, waning Middle East worries
Oil prices slip on China demand concerns, waning Middle East worries
Source: Reuters
2024-07-30 08:55:07 am