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Chinese stocks jump over 3 percent

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9 years ago

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Beijing: Chinese stocks jumped several minutes after trade opened in the afternoon session on Wednesday, with the benchmark Shanghai Composite Index up more than 3 percent.

In the morning session, Chinese shares continued to fluctuate despite intervention by the central bank, as per reported.

The benchmark Shanghai Composite Index opened slightly higher before suffering a bout of jitters to dip below 2,900 points. It then rebounded to close the morning session 0.8 percent higher at 2,988.76.

The smaller Shenzhen Component Index edged up 0.02 percent to 10,200.38 points.

On Tuesday evening, the People’s Bank of China (PBOC) cut interest rates for one-year lending and deposits by 25 basis points, and announced a reduction of the reserve requirement ratio (RRR), the portion of money banks need to set aside.

This is the fourth RRR reduction in nearly seven months, and the fifth round of interest cuts in nearly nine months.

The central bank said the move was aimed at supporting the real economy amid downward pressure on growth and fluctuations on global financial markets.

Chinese stocks have tumbled in the past week following the release of weak economic data and a depreciation of the yuan, with the benchmark Shanghai index diving 8.49 percent on Monday in its biggest daily slump since February 2007.

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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