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CHINESE SPENDING CURBS
Chinese spending curbs weigh on Hermes salesRevenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International sa...- Global AI stocks fall as industry chiefs call for slowing developmentAnthropic CEO Dario Amodei, in a lengthy essay shared on X on Saturday, called on AI companies to slow the rate at which they advance model...
- US pushes G20 to cut trade imbalances, focus on ChinaG20 members face stalled talks on global trade and fiscal imbalances. United States officials are urging higher barriers on Chinese goods t...
- Huawei H1 profit drop quickens to 36% on rising costs, R&D spendingThe Chinese technology company said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop...
- Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Nvidia Ch...
- Disquiet grows over AI's dangers: Gates sets tone for pivotal one-on-one with Xi as a race against time beginsAI risks: A key proposal Bill Gates plans to raise is international monitoring of AI systems capable of designing molecules or assisting bi...
- D-St set for a negative opening as GIFT Nifty signals weak startIndian equity markets closed lower on Friday, August 14, as investors awaited clarity. The Nifty50 and Sensex experienced slight declines, ...
- How China’s big push to win back tourists is paying offChina's tourism sector is experiencing a significant resurgence after pandemic restrictions eased. Visa-free travel policies have attracted...
- China puts curbs on us exportsof chemicals used for FentanylFive government agencies now require special export licenses for three newly restricted compounds, according to an official announcement on...
- Applied Materials' shares drop as stringent US export curbs weigh on China businessThe US government has cracked down on foreign companies, especially from China, that use subsidiaries and affiliates to circumvent export c...
- Nvidia plans China research centre as export curbs bite: ReportNvidia is planning to establish a research centre in Shanghai to address Chinese market needs while complying with US export controls. Howe...
- Exports, China's bright spot in 2024, see slower growth in SeptChina's export growth in September slowed to 2.4%, marking its weakest level since May, due to reduced shipments to key markets and rising ...
- Chinese spending jumps over long holiday weekend, tops pre-COVID levelDuring China's Tomb Sweeping holiday, domestic travelers spent $7.5 billion, indicating rising consumer confidence amidst economic challeng...
- China announces rules to reduce spending on video gamesThe new rules, which will effectively set spending limits for online games, sparked panic among investors, wiping off nearly $80 billion in...
- China to curb gaming spend; Tencent, NetEase plungeThe new rules, which will effectively set spending limits for online games, sparked panic among investors, wiping off nearly $80 billion in...
- Tencent, NetEase lose $80 billion in m-cap on China's move to curb gaming spendShares in Tencent Holdings, the world's biggest gaming company, tumbled as much as 16% at one point, while those of its closest rival, NetE...
- Oil prices dip as dollar strengthens, remain on track for weekly riseThe U.S. dollar, which typically trades inversely with oil, edged higher after dipping to 16-week lows against a basket of major currencies...
- China eyes infrastructure boost to cushion growth as trade war escalates: SourcesThe economy has already felt the pinch from Beijing's multi-year deleveraging drive that has driven up corporate borrowing costs and delaye...
- Commodities still searching for the trough: Vedanta CEOSome of the world’s biggest mining companies are reacting to the slump in raw materials prices by shuttering production, scrapping dividend...
- China investment up 26.7 pc despite curbsChina's investment in factories, realty and other urban assets rose 26.7 per cent during January-August this year.
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