A $33 billion hit shows China’s newest stock worry

28 days ago Mint

Together, the three companies lost $33 billion of market value in US trading on Tuesday, according to data compiled by Bloomberg. “Hence they will be more focused on the domestic market for growth, resulting in rising competition, including on pricing." It’s not just JD’s planned 10 billion-yuan ($1.5 billion) subsidy campaign that’s ruffling feathers. According to Citigroup Inc.’s Alicia Yap, JD has a track record of spending prudently and can be expected to offer sensible promotions. For some investors, concerns run deeper than the impact of heightened rivalries on companies’ bottom lines and financials.
Continue reading...

Read On "Mint"

More News On "Mint"

BCD Group, ArisUnitern cross ₹300 cr value of realty projects; working on pipeline of ₹500 cr in FY24

One of the oldest names in the Indian construction and design industry, BCD Group in partnership with Bengaluru-based real estate advisory firm ArisUnitern has crossed over ₹300 crore of the value of projects in the southern part of India. Further, both BCD and ArisUnitern together are working on projects worth over a pipeline of ₹500 crore in 2023- 24 and look to significantly expand their clientele with this partnership. With over 10 decades of experience, ArisUnitern brings expertise across the real estate development cycle including investment, strategy, operations, sales, CRM, Construction management etc. Currently, BCD is already developing a few projects such as Ayana 95 (Chennai), Koramangala Bellaku project, and Downtown Ambience to name a few with ArisUnitern in Bengaluru. BCD Group has been at the forefront of developing state-of-the-art properties to cater to the evolving needs of customers and investors.

24 days ago Mint

Xiaomi 13 launches globally, Xiaomi 13 Pro debuts in India: All details here

Xiaomi has introduced the Xiaomi 13 series with Xiaomi 13, Xiaomi 13 Pro and Xiaomi 13 Lite. Xiaomi 13, Xiaomi 13 Pro, Xiaomi 13 Lite: PricesThe pricing for the Xiaomi 13 series in India has not yet been revealed by the company. Xiaomi 13 and Xiaomi 13 Pro: SpecificationsThe Xiaomi 13 series smartphones are equipped with high-end hardware, featuring the latest Snapdragon 8 Gen 2 chipset. Both the Xiaomi 13 and Xiaomi 13 Pro models come with up to 512GB of storage and 12GB of RAM. Xiaomi 13 Lite: SpecificationsWhile the Xiaomi 13 series was initially launched without this device in China, the Xiaomi 13 Lite is essentially a rebadged version of the Xiaomi Civi 2.

24 days ago Mint

BSE Sensex may rise less in 2023 than expected, correction unlikely: Reuters poll

India's equity market will rise less this year than thought a few months ago mainly due to expectations of higher interest rates, according to equity strategists polled by Reuters, who also said the chances of a correction in the near-term were low. While investor sentiment is expected to improve over the coming months, a sharp rally appears unlikely, partly on renewed expectations of higher interest rates in India and elsewhere. "Since October, Indian equities have seen their sharpest underperformance to EM (emerging market) peers in three years. This has shrunk the valuation premium to emerging equity peers, but not enough to bring foreign investors back," said Rajat Agarwal, Asia equity strategist at Societe Generale. It was then expected to gain another 4% to hit 65,000 by year-end, the Feb. 10-22 poll found.

28 days ago Mint

Banks struggle with fake customer care on Twitter

According to bankers, conmen on Twitter, sporting official bank logos on their profile, seek out customers airing grievances and respond with a fake customer care number. A search on Twitter showed large private sector banks such as ICICI Bank and HDFC Bank draw a significant number of such fake customer care handles. “We have a team that scans social media to spot such fake accounts and immediately informs customers not to engage with them. Most fake accounts use the bank’s logo, and in the case of one bank, they were found using images from the lender’s fraud awareness campaign. Bankers said that apart from seeking the removal of these fake accounts, they are also engaging in customer awareness campaigns.

28 days ago Mint

India at a crossroads: Reduce the risks of economic concentration

Yet, the model that has driven India’s growth now threatens to constrain it. First, India has moved to an economic model where a few ‘national champions’—effectively large private oligopolistic conglomerates—control significant parts of the old economy. In some ways, this concentration of economic power has served India well. The implication is that India’s investments have been much more efficient; indeed, many of India’s conglomerates boast world-class levels of productivity and competitiveness. Finally, the recent saga surrounding the Adani Group is a symptom of a trend that will eventually hurt India’s growth.

28 days ago Mint

BBC should have editorial freedom: UK govt backs media house post India conducted ‘tax-survey’

We think the BBC World Service is vital. We want the BBC to have that editorial freedom," said Rutley. “It criticises us (government), it criticises the (Opposition) Labour party, and it has that freedom that we believe is so important. “We need to ensure that our views on media freedom are communicated clearly with other governments. The minister, however, declined to comment on “an ongoing investigation that the BBC is actively engaged in".

29 days ago Mint

'Dumb Prince & stupid wife', US sitcom South Park roasts Harry and Meghan

The show highlights that the couple talks about privacy but shares intimate details in interviews, Netflix show and now Prince Harry's book Spare. In the video, Prince Harry's memoir Spare too has been ridiculed as its name was also changed to ‘Waaaagh.’ Not just this, both the character are also dressed to show resemblance. According to a report published by The Telegraph, Prince Harry is weighing a ‘million different variables’ as the estranged royals decide whether to fly back to the UK in May. In another news, there were also reports that Harry and Meghan Markle were likely to be questioned in the defamation case brought by Meghan's half-sister, Samantha Markle. Samantha Markle had sued Meghan Markle for the couple’s interview with Oprah Winfrey in 2021 in which the duchess said she was “an only child".

1 month ago Mint

Alibaba Stock Slumps On China Covid Fears, But Is BABA Stock A

Alibaba stock has been hit hard by selling in recent months amid a Covid outbreak, regulatory concerns and an economic slowdown in China.

3 months ago www.investors.com

CHINA PETROLEUM & CHEMICAL CORPORATION : 386 Stock Price

CHINA PETROLEUM & CHEMICAL CORPORATION (HKG:386) : Stock quote, stock chart, quotes, analysis, advice, financials and news for share CHINA

1 month ago www.marketscreener.com

Stock Futures Fall on Concerns Over U.S.-China Trade Fallout

(Reuters) - U.S. stock futures fell on Tuesday as investors worried over a hit to earnings from the prolonged U.S.-China trade war and

1 month ago www.insider.com

Population hits 8 billion, but UNFPA sees bigger things to worry about

The global population has hit 8 billion, but for Rachel Snow of the U.N. Population Fund, there are bigger issues to worry about than more

2 months ago www.devex.com

World's newest and biggest space telescope shows Jupiter's

World's newest and biggest space telescope shows Jupiter's auroras, tiny moons.

1 month ago www.france24.com

China stock market data - prices and news - FT.com

China stock market data - prices and news - FT.com.

1 month ago markets.ft.com

Elon Musk has sold $33 billion of Tesla stock in less than a year

“No further TSLA sales planned after today”. On Aug. 9, Musk disclosed the sale of 7.9 million shares of Tesla stock for $6.9 billion, about 5%

26 days ago qz.com

China Stock Market - Investing.com

Up-to-date data on the stock market in China, including leading stocks, large and small cap stocks.

1 month ago www.investing.com

SOLAR A/S : SOLAR B Stock Price | DK0010274844 - MarketScreener

SOLAR A/S (CPH:SOLAR B) : Stock quote, stock chart, quotes, analysis, advice, financials and news for share SOLAR A/S | Nasdaq Copenhagen:

1 month ago www.marketscreener.com

Stock markets tumble over China lockdown fears - BBC News

Stock markets across Europe have fallen after sharp declines in Asia on fears Covid restrictions in China could hit supply chains and the global

1 month ago www.bbc.com

BREAKING NEWS

20 days ago - Tesla Targets Lithium Bottleneck, Aims To Undercut China: Investor Day Follow Up 20 days ago - Donald Trump Jr. Claims He Has Been Barred from Going on Fox News - 'Biggest RINO Ever' Behind It? 20 days ago - 25 Best Movies On Netflix 20 days ago - FPL 2022-23: Top Captain picks, differential picks, team selection of Gameweek 26 for FPL 2022-23 season, Check out all Fantasy Premier League Tips 23 days ago - Murdoch admits some Fox News hosts 'endorsed' false election fraud claims 23 days ago - Watch: 2 needed to win, Neil Wagner crushes James Anderson and England as New Zealand win thriller by barest of margins 23 days ago - Saying Wants To Talk About Dominion 23 days ago - England captain Jos Buttler excited by buzz around team’s new leg-spinner and his impact on white-ball cricket 23 days ago - Knicks win 6th straight, drop Celtics from top spot in NBA 23 days ago - New Zealand beat England following one of all-time great finishes 23 days ago - Megan Thee Stallion Receives Belated Apology From 1501 CEO Carl Crawford Amid Years-Long Feud 23 days ago - Murdoch testified Fox commentators ‘endorsed’ Trump’s 2... 23 days ago - Avalon Airshow a display of militarism 23 days ago - The 10 perfect fits for the MCU’s Iron Lad 23 days ago - Girls’ basketball: Strong second half propels Bethlehem to semifinal victory over Shen 58-40 23 days ago - Following hectic stretch, Clippers welcome Wolves to town 23 days ago - US clears Australia to acquire new long-range missiles 23 days ago - Families Claim Years of Racist Abuse at Upland Elementary School 23 days ago - Sanjay Sharma’s killing: Working on a 360 degree approach; killers of Sharma won’t go scot free: LG Manoj Sinha 23 days ago - Exit polls: Hung House in Meghalaya, clear majority in Nagaland, iffy in Tripura 23 days ago - Jewish groups condemn settler rampage, avoid mentioning Netanyahu 23 days ago - San Bernardino County declares local emergency after massive snowstorms 23 days ago - Cyclone Gabrielle shows family violence challenge in NZ 23 days ago - Mexico official guilty of taking bribes to shield cartels 23 days ago - Simex receives mixed reactions from Dabawenyos 23 days ago - FIFA Best Football Award: Messi beats Mbappe. Ancelotti defeated by Scaloni 23 days ago - Banished Nicaraguans Assess Ways Out of Migration Limbo 23 days ago - Argentina world cup-winning captain Lionel Messi wins Best FIFA Men’s Player award ahead of Kylian Mbappe 23 days ago - Rural Rotorua community could soon be given life saving medical device 23 days ago - Destiny 2 Season 20 Artifact Mods (Season of the Defiance) 23 days ago - NZME right to apologise for Heather du Plessis-Allan' mockery of teenager - BSA 23 days ago - Master Minds Recap: February 27, 2023 – Fikkle Fame 23 days ago - Michigan misses opportunities, loses to Marquette on the road 23 days ago - Palladium Market to incur value growth at 15% CAGR by 2023 23 days ago - Jayson Tatum Adds to MVP Case With Game-Winner Over 76ers - 23 days ago - U.S. approved 70% of export license applications from China in 2022 23 days ago - Mexican president disparages pro-democracy demonstrators 23 days ago - It is time to change the way we think about crop insurance – Ohio Ag Net 23 days ago - Messi and Putellas voted best players at FIFA awards again 23 days ago - Los Angeles Lakers vs. Memphis Grizzlies – 2/28/23 Free Pick & NBA Betting Prediction 23 days ago - In relief to SpiceJet, lessor converts dues into stake 23 days ago - Adriana Lima stuns in an elegant black off-the-shoulder gown as she takes to the red carpet 23 days ago - Student Association meets with Micron to potentially develop a partnership 23 days ago - Messi, Putellas headline FIFA Best award winners as Kerr makes World XI 23 days ago - Skymet predicts ‘searing’ summer; forecast raises concerns over FY24 agri growth 23 days ago - Former FBI Special Agent Sentenced to 6 Years in Prison for Accepting Bribes Paid by Attorney Linked to Organized Crime Figure 23 days ago - Exclusive: Sequoia India's Shailendra Singh on corporate governance lapses at startups, VC accountability, frothy tech valuations, and more 23 days ago - Winds shred S. Plains; Calif. to get more snow 23 days ago - England 90 runs from 2nd test and series win in New Zealand 23 days ago - INEC disappoints Nigeria, Africa 23 days ago - Bitcoin and crypto markets gain ground on Sunday; G20 recommends a global framework for regulations 23 days ago - Atopic Dermatitis Market Facts, Future Scenarios, Growth and Analytical Insights 2031 | CAGR of 15.1% 23 days ago - Mbappé and Messi combine as leader PSG wins at Marseille 23 days ago - Kylian Mbappe finally changes his tune on Cristiano Ronaldo and Lionel Messi debate 23 days ago - Macron: ‘New era’ in economic, military strategy in Africa 23 days ago - Reuters World News Summary 23 days ago - ALLAN PATON, BIDEN AND AFRICA – THISDAYLIVE 23 days ago - Messi Wins FIFA’s Best Men’s Player Award Again 23 days ago - Ontario woman told she'd lose $4,000 after making mistake booking flight 23 days ago - ‘Rachel Hendrix’ Review: Director Victor Nuñez Makes Welcome Return With Poignant Drama