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India-China Relations Remain Strained: No Improvement Despite Talks, Says MEA

India-China Relations Remain Strained: No Improvement Despite Talks, Says MEA

Fri, Jan 19, 2024

In a recent briefing, MEA Spokesperson Randhir Jaiswal states that India-China ties are not normal. Emphasises ongoing diplomatic and military-level discussions for peace along the border.

China Earthquake: Northwest China Earthquake Leaves 116 Dead, Rescue Efforts Underway

China Earthquake: Northwest China Earthquake Leaves 116 Dead, Rescue Efforts Underway

Tue, Dec 19, 2023

A powerful earthquake measuring 6.2 on the Richter scale struck northwest China's Gansu and Qinghai provinces on December 18th night. Tragically, at least 116 lives have been lost, with 105 fatalities in Gansu and 11 in Qinghai. The quake injured over 230 people and caused widespread damage, including collapsed houses, damaged roads, and disrupted power and communication lines. Search and rescue operations are ongoing in affected areas.

Did Italy PM Giorgia Meloni Pull Out Of China's Belt and Road Initiative in Favor of India?

Did Italy PM Giorgia Meloni Pull Out Of China's Belt and Road Initiative in Favor of India?

Thu, Dec 07, 2023

In a major setback for China's global ambitions, Italy has abruptly withdrawn from the Belt and Road Initiative, the country's signature infrastructure project. This surprise move has sparked speculation about Italy's potential shift towards India, a country with which it shares growing economic and political ties.

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Prospects of rate cut bleak as dollar, crude rise: Assocham

Prospects of rate cut bleak as dollar, crude rise: Assocham

Sun, Dec 18, 2016

Prospects of interest rate cut in near future may be bleak due to factors like continuous pressure on rupee against dollar, firming of the US rates and hardening of crude oil prices, according to a report.

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Sat, Dec 17, 2016

Months after selling its stake in China, Uber CEO Travis Kalanick on Friday said it sold its stake to rival Didi since the "battle in China became global", prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India.

UBS slashing nearly two dozen jobs in Asia to cut costs

UBS slashing nearly two dozen jobs in Asia to cut costs

Fri, Dec 16, 2016

UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the matter said.

China urges calm on yuan after US rate hike

China urges calm on yuan after US rate hike

Fri, Dec 16, 2016

The mouthpiece of China’s Communist Party said on Friday there was “no need to worry too much” about downward pressure on the yuan as the currency wallows at more than eight-year lows against the dollar.

China launches WTO dispute resolution case against US, EU

China launches WTO dispute resolution case against US, EU

Mon, Dec 12, 2016

China said on Monday it had launched a dispute resolution case at the World Trade Organisation (WTO) over the surrogate country approach used by the United States (US) and European Union (EU) to calculate anti-dumping measures against Chinese exports.

China's auto sales peak in November: Group

China's auto sales peak in November: Group

Mon, Dec 12, 2016

Auto sales in China, the world`s biggest car market and crucial to manufacturers worldwide, reached a new peak in November, data from an industry group showed on Monday.

Growth in global coal demand to slow over next five years: IEA

Growth in global coal demand to slow over next five years: IEA

Mon, Dec 12, 2016

Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States (US) and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday.

China faces battle over market economy status

China faces battle over market economy status

Sun, Dec 11, 2016

China`s battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing`s deal to join the World Trade Organisation (WTO) expires on Sunday.

Edmond de Rothschild to close Hong Kong operations

Edmond de Rothschild to close Hong Kong operations

Thu, Dec 08, 2016

Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to three people familiar with the matter, more than two decades after it opened shop in the former British territory and as costs in the wealth management industry bite.

In mammoth task, BP sends almost 3 million barrels of US oil to Asia

In mammoth task, BP sends almost 3 million barrels of US oil to Asia

Wed, Dec 07, 2016

Oil major BP is shipping almost 3 million barrels of US crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts.

China users complain of combustible iPhones: Shanghai Consumer Council

China users complain of combustible iPhones: Shanghai Consumer Council

Tue, Dec 06, 2016

Several Chinese iPhone users have claimed that their handsets caught fire or exploded, according to a Shanghai consumer watchdog which called on tech giant Apple to address the complaints.

India's growth outlook strong despite China's slowdown, says Fitch

India's growth outlook strong despite China's slowdown, says Fitch

Tue, Dec 06, 2016

India's weighted growth likely to be 5.2% in 2017.

Japan's lower house of parliament passes long-awaited casino bill

Japan's lower house of parliament passes long-awaited casino bill

Tue, Dec 06, 2016

Japan`s lower house of parliament on Tuesday passed a long-awaited bill to legalise casinos, in a major step toward opening up a market seen as a potential global gaming powerhouse.

China November data to show steady growth, but yuan, capital controls a worry: Reuters poll

China November data to show steady growth, but yuan, capital controls a worry: Reuters poll

Tue, Dec 06, 2016

A flood of data from China in coming weeks is expected to show the economy continued to grow at a steady pace in November, with inflation quickening and credit expanding at a faster pace despite concerns about rising debt, a Reuters poll showed.

India extends steel floor price to February 4 to curb cheap imports

India extends steel floor price to February 4 to curb cheap imports

Sun, Dec 04, 2016

India has yet again extended the floor price of imports of steel products for a further two months as the government tries to protect the domestic industry from cheap overseas shipments, especially from China.

India's crude oil imports from Iran rise 336% in October

India's crude oil imports from Iran rise 336% in October

Wed, Nov 30, 2016

India's imports of crude oil from Iran have risen 336% in October this year as the producer continued to recoup market share lost under sanctions, Reuters reported on Wednesday citing a data released by the International Energy Agency (IEA).

China's property market has bubble but won't collapse, says Wanda chairman

China's property market has bubble but won't collapse, says Wanda chairman

Wed, Nov 30, 2016

The chairman of Chinese property-to-entertainment conglomerate Dalian Wanda Group said on Tuesday that there is a property market bubble in China but the industry won`t collapse as there is still a significant potential for urbanisation.

India tanks 5 spots on Global Connectedness Index

India tanks 5 spots on Global Connectedness Index

Tue, Nov 29, 2016

India has tanked 5 spots to reach 78th position out of 140 countries in Global Connectedness Index for the year 2015. The country ranked at 73rd position in the year 2013.

India's GDP growth likely picked up in July-Sept but demonetisation to dent future growth: Reuters poll

India's GDP growth likely picked up in July-Sept but demonetisation to dent future growth: Reuters poll

Tue, Nov 29, 2016

India's economy probably picked up steam in the July-September quarter on strong demand, but Prime Minister Narendra Modi`s surprise currency crackdown this month will likely dent growth in coming months, a Reuters poll found.

China alone accounts for 44% of India's trade deficit

China alone accounts for 44% of India's trade deficit

Mon, Nov 28, 2016

Indian exporters are encouraged to participate in major trade fairs in China and other countries to show-case Indian products.

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