The China Mail - Economy

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Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

BHEL Secures Four Major Projects from Adani Power Worth Up to ₹28,000 Crore

State-owned Bharat Heavy Electricals Limited (BHEL) announced on Wednesday that it has secured four major projects from Adani Power. The orders, valued between ₹20,000 crore and ₹28,000 crore, involve the supply of boilers, turbines, generators, and associated services for four 2x800 MW power units.

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Wall Street stocks hit fresh records on easing US-China worries

Wall Street stocks ended at fresh records again on Monday over optimism that the US-China trade war was about to ease, with a possible deal in view when presidents Donald Trump and Xi Jinping meet later this week.

Russia's Lukoil to sell overseas assets after US sanctions

Russian oil giant Lukoil will sell its overseas assets, the company said late Monday, after it was hit with US sanctions over the war in Ukraine.

Asian stocks rally on US-China trade progress; Europe flat

Asian stock markets rallied Monday as investors cheered a breakthrough in US-China trade talks that set the stage for presidents Donald Trump and Xi Jinping to perhaps finalise a deal, averting an escalation in the world's biggest trade dispute.

Asia stocks surge on US-China trade deal breakthrough

Asian equities surged Monday as investors cheered a breakthrough in US-China trade talks that set the stage for leaders Donald Trump and Xi Jinping to finalise a deal, averting an escalation in the world's biggest trade dispute.

Trump in Japan as hopes grow for China trade deal

Donald Trump arrived in Japan on Monday, the next leg of an Asia tour that could see the US president and China's Xi Jinping end their bruising trade war.

'Definitive solution' on Brazil-US trade within days: Lula

Brazil's President Luiz Inacio Lula da Silva said Monday a trade deal with the United States could happen within days, possibly easing punitive tariffs after months of animosity.

ECB to hold interest rates steady with inflation subdued

The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with inflation under control and the long-struggling eurozone economy looking healthier.

Trump departs for Japan ahead of key China meet

US President Donald Trump headed to Japan on Monday, the second leg of an Asia tour, in advance of a meeting with China's Xi Jinping aiming to end the bruising trade war between the world's largest economies.

Australia sues Microsoft over 'misleading' AI offer

Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant Copilot.

Nigeria refinery aims to be world's biggest with expansion

Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world in three years' time with an expansion doubling its capacity, its owner said on Sunday.

UK police arrest asylum seeker sex offender mistakenly freed

UK police on Sunday arrested an Ethiopian asylum seeker and convicted sex offender, whose crimes had sparked anti-immigration protests, after he was accidentally released from prison in an embarrassing blunder by officials.

India and China to resume direct flights as ties improve

India and China resume direct flights on Sunday after a five-year suspension, a move important both for trade and a symbolic step as Asia's giants cautiously rebuild relations.

Predators 'slip through the cracks' in Australian childcare

Serial child sexual abuse cases in Australian daycare centres have spurred a rush to close security gaps that let predators through the door.

Global race for rare earths comes to Kenya's Mrima Hill

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries.

French government under pressure as lawmakers set to vote on wealth tax

French lawmakers were due on Saturday to vote on a wealth tax, after a swing group threatened to topple the government if the levy was not added in next year's austerity budget.

US wants to deport Salvadoran man in immigration row to Liberia

The US government wants to deport Kilmar Abrego Garcia, the Salvadoran man at the center of a row over President Donald Trump's immigration crackdown, to Liberia and possibly by month's end, a court filing showed Friday.

UN has 'stopped working': Brazil's Lula

Brazilian President Luiz Inacio Lula da Silva took a swipe Saturday at the United Nations and other multilateral institutions, saying they "stopped working" and failed to protect Gaza's war victims.

Trump slams 'dirty' Canada despite withdrawal of Reagan ad

US President Donald Trump slammed Canada for playing "dirty" Friday as a row over an advertisement featuring former leader Ronald Reagan that prompted Trump to scrap trade talks showed no sign of abating.

'Most beautiful': Thailand's former Queen Sirikit

Thailand's former Queen Sirikit, who died Friday aged 93, won global headlines for her glamour during decades alongside her husband and was seen by many as a unifying symbol as her country underwent repeated crises.

Porsche loses almost one billion euros on shift back to petrol

German sports car maker Porsche sunk to a third-quarter loss of almost one billion euros ($1.16 billion), the firm said Friday, as it grappled with the costs returning to petrol and delaying its electric vehicle (EV) rollout.

Oasis guitar sold at auction for $385k

An electric guitar used by Noel Gallagher, from British rock band Oasis, was sold in London for £289,800 ($385,541), auction house Propstore said on Friday.

P&G profits rise as company sees lower tariff hit

Procter & Gamble on Friday reported higher earnings fueled in part by an improved performance in China as it projected a lower hit from tariffs.

French court gives Algerian woman life sentence for murdering schoolgirl

A French court on Friday sentenced an Algerian woman accused of raping, torturing and murdering a schoolgirl in Paris to life imprisonment without possibility of early release -- making her the first woman to receive this maximum punishment.

Stocks rise on US inflation data, US-China trade hopes

Stock markets broadly advanced Friday after US inflation data bolstered expectations the Federal Reserve would again cut interest rates next week, with fresh optimism over US-China trade relations further boosting confidence.

Spain probes steelmaker for alleged trading with Israeli arms firm

Spain's top criminal court said Friday it had opened an investigation into executives at steelmaker Sidenor for alleged complicity in crimes against humanity or genocide for trading with an Israeli arms company.

US September consumer inflation rose less than expected, delayed data shows

US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late on Friday due to the ongoing government shutdown.

Trump says all Canada trade talks 'terminated' over 'fake' ad

US President Donald Trump on Friday doubled down on his decision to end trade talks with Canada over an anti-tariff advertising campaign, a sudden about-face soon after a cordial White House meeting with Prime Minister Mark Carney.

China vows massive high-tech sector development in next decade

China will develop its high-tech sector on a massive scale in the next decade, top officials vowed Friday, a day after meetings on the country's future policy priorities concluded in Beijing.

French government faces threat of censure over wealth tax

A swing group in French parliament on Friday said that if a 2026 budget bill was not changed to include a tax on the supremely wealthy, it would vote down the government.

Stocks diverge tracking US-China trade progress

European stock markets dipped Friday following solid gains in Asia as investors reacted to fresh optimism over US-China trade relations and as they awaited US inflation data delayed by a government shutdown.

EU accuses Meta, TikTok of breaking digital content rules

The EU accused Meta and TikTok on Friday of breaking the bloc's digital content rules, putting the companies at risk of hefty fines.

Stocks rally as traders cheer Trump-Xi meeting plan

Most stock markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next week, stoking optimism for a cooling of trade tensions between the economic superpowers.

The China Mail - Economy (English)