New Delhi, Jan 15 (IANS) Europe’s legal and political conflict with China over control of chipmaker Nexperia has disrupted cooperation between raised longer-term questions about stability within global supply chains, a report said on Thursday.The report from Investment Monitor said the conflict between Nexperia’s Holland‑based company and a key manufacturing site in China’s Guangdong halted production at multiple car manufacturing plants.“As countries jockey for control over different stages…
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Mumbai, Jan 13 (IANS) Following a sharp recovery from lower levels, Indian benchmark indices traded flat with a negative bias on Tuesday amid rising geopolitical tensions and sustained foreign institutional outflows.As of 9.29 am, Sensex slipped 85 points, or 0.10 per cent to 83,792 and Nifty eased 22 points, or 0.08 per cent to 25,768.Main broad-cap indices showed slight divergence with benchmark indices, with the Nifty Midcap 100 up 0.11 per cent, while the Nifty Smallcap 100 added 0.38 per ce…
New Delhi, Jan 11 (IANS) Amid speculations of a simmering showdown between Taiwan and China, on the lines of the US-Venezuela conflict, a Chinese merchant-military warship has created enough curiosity among netizens.The missile-armed merchant ship has been a matter of much debate, even as images of a Chinese medium-sized cargo ship docked at Shanghai’s Hudong-Zhonghua shipyard — fitted with a modular electromagnetic catapult for launching advanced combat drones or fighter jets — kicked up he…
New Delhi, Jan 9 (IANS) China’s big advantage in the manufacturing sector vis-a-vis other countries is not so much due to economies of scale or the fact that the country has rapidly caught up with the technology of Western countries, but its exploitation of labour under a repressive system, according to a report.An article in The Diplomat highlights that China’s “advantage is not simply about efficiency or technology. It is embedded in a labour system that systematically lowers costs through lax…
Washington, Jan 8 (IANS) Half a dozen members of an underground Protestant church based in Sichuan’s Chengdu have been arrested by the Chinese authorities, the Human Rights Watch (HRW) mentioned in a statement. This is the latest in a series of arrests of members of prominent unofficial “house churches” in China in the past year, it stated. On January 6, the Early Rain Covenant Church stated that police conducted raid at the home of its current leader, Li Yingqiang, in Deyang and took him away. …
Mumbai, Jan 7 (IANS) The Indian benchmark indices posted mild losses early on Wednesday amid rising geopolitical tensions and fresh tariff-related concerns, tracking mixed cues from Asian markets.As of 9.30 am, Sensex slipped 156 points, or 0.18 per cent to 84,907 and Nifty eased 54 points, or 0.21 per cent to 26,124.Main broad-cap indices showed clear divergence with benchmark indices, with the Nifty Midcap 100 up 0.22 per cent, while the Nifty Smallcap 100 gained 0.25 per cent.Sectorally, Nift…
Beijing, Jan 4 (IANS) South Korean President Lee Jae Myung arrived in Beijing on Sunday for summit talks with Chinese President Xi Jinping, with the leaders expected to focus on North Korea, economic ties and cultural exchanges. The four-day state visit marks Lee’s first to China since taking office in June last year and the first trip by a South Korean president there since 2019.Later in the day, Lee is scheduled to meet with Korean residents in China to collect their opinions and pledge the go…
Mumbai, Jan 2 (IANS) The Indian benchmark indices traded in the green zone early on Friday, supported by strong macroeconomic indicators and stable domestic fundamentals.As of 9.30 am, Sensex advanced 185 points, or 0.22 per cent to 85,374 and Nifty gained 61 points, or 0.24 per cent to 26,208.Main broad-cap indices performed in line with benchmark indices, with the Nifty Midcap 100 adding 0.42 per cent, while the Nifty Smallcap 100 gaining 0.30 per cent.Maruti Suzuki, ONGC and Tata Steel were a…
Seoul, Dec 30 (IANS) South Korean President Lee Jae Myung will make a State Visit to China early next week for summit talks with Chinese President Xi Jinping, Cheong Wa Dae said Tuesday, with the leaders expected to discuss ways to strengthen strategic cooperation and bilateral economic ties. Lee is scheduled to depart for Beijing on Sunday for summit talks with Xi. On next Tuesday, Lee will travel to Shanghai before returning home on Wednesday, presidential spokesperson Kang Yu-jung said in a b…
Mumbai, Dec 30 (IANS) Precious metals showed signs of reversal in domestic market on Tuesday after it retreated sharply, with gold and silver falling from record highs in the earlier session.MCX gold February futures rose 0.59 per cent to Rs 1,35,744 per 10 grams, while MCX silver March futures jumped 4.08 per cent to Rs 2,33,700 per kg.In global markets, spot gold fell 4.5 per cent on Monday to $4,330.79 an ounce, while US gold futures for February delivery settled 4.6 per cent lower at $4,343….