Day: July 10, 2020

China State Funds Start Selling in Warning Sign for Stock Rally

(Bloomberg) — China acted to cool the speculative frenzy in its $9.5 trillion stock market, snapping a euphoric eight-day surge that had fueled worries of a new equity bubble in the making.

Signs of Beijing’s unease over the rally’s speed emerged late Thursday, when a pair of government-owned funds announced plans to trim holdings of stocks that soared this week. On Friday the state-run China Economic Times warned about the dangers of a “crazy” bull market, while Caixin reported that regulators had asked mutual fund companies to cap the size of new products.

Traders said the moves amounted to a

PM Modi’s 2018 Singapore visit enhanced India’s presence in ASEAN: Indian diplomat

”The India-Singapore strategic partnership made progress across several areas, thanks entirely to the vision and leadership of Prime Minister Lee Hsien Loong and Prime Minister Modi and is driven by all the ministers on both sides”. File photo: IE)

Prime Minister Narendra Modi’s three-day visit to Singapore in 2018 went a long way in enhancing India’s presence in the ASEAN region, outgoing Indian High Commissioner to Singapore Jawed Ashraf has said. The 56-year-old career diplomat who served in Singapore for 43 months will leave on Sunday for his next posting to France.

“PM Modi’s visits to Singapore went a

TikTok removed 1.65 crore made in India videos from platform before ban; here’s why

TikTok has said in its Transparency report that it received 500 requests in the latter half of the last year.

TikTok has released its Transparency Report 2020 and there are some stark revelations. The report suggests an unprecedented number of requests from the government and security authorities across the world and in India. According to the report, the ByteDance-owned social media entertainment app removed 1.65 crore videos in India in the last one year. The Chinese behemoth that now has been banned in India for security concerns has said that a majority of the videos were taken down from the