By Clare Jim and Ziyi Tang HONG KONG/BEIJING (Reuters) – China aims to ramp up financing for home projects in the coming days as part of its support measures, but banks’ reluctance to lend to the crisis-hit sector will remain a major obstacle for the distressed developers who need fresh funding the most. Under the …
By Karen Freifeld and Michael Martina (Reuters) – A bill in the U.S. Congress that sparked a sell-off in shares of China’s WuXi AppTec hit a delay in the Senate this week, a Senate aide and three other sources said on Friday. The bill would prohibit federal agencies from contracting with China’s BGI Group, MGI, …
US bill targeting Chinese biotech firms WuXi AppTec, BGI hits delay Read More »
(Reuters) -Superdry CEO Julian Dunkerton is in talks with Rcapital and Gordon Brothers, both of which specialise in investments in financially challenged firms, about a bid to take the embattled British fashion retailer private, Sky News reported on Friday. The report comes hours after the London-listed company said Dunkerton, who is also its top shareholder, …
Superdry CEO in talks with Rcapital, Gordon Brothers for a take-private bid – Sky News Read More »
By Laurie Chen and Xiaoyu Yin SHIJIAZHUANG, HEBEI – In the heart of the northern Chinese city of Shijiazhuang, a fence displaying the slogan “Happy Every Day” hides an unfinished apartment complex, a daily reminder of the unresolved costs of the collapse of China’s once-largest developer. Construction on the Central Plaza project that promised buyers …
Uneven path to finish Evergrande’s abandoned housing in Chinese city Read More »
JAKARTA/MILAN (Reuters) – Indonesia’s Energy and Mineral Resources Ministry said on Friday it had signed a memorandum of understanding with Italian energy group Eni to accelerate its decarbonisation programmes. The deal covers development of bio-feedstock for fuels, energy transition initiatives and possible carbon capture projects, the Indonesian ministry said in a statement. “With this MoU, …
Indonesia teams up with Italy’s Eni on decarbonisation Read More »
By Sam Nussey and Makiko Yamazaki TOKYO (Reuters) – A New York university-connected research foundation has filed a lawsuit against Japan chip materials maker JSR, court documents show, saying the company has commercialised its technology without permission. JSR is a top manufacturer of photoresists, which are chemicals used in chipmaking, with its U.S. subsidiary Inpria …
U.S. research foundation files lawsuit against Japan’s JSR Read More »
(Reuters) – China Evergrande New Energy Vehicle (NEV) said on Friday it has suspended negotiations on amendments to the terms of a HK$3.89-billion ($497.42 million) share subscription agreement with Dubai-based mobility firm NWTN. In August, the electric vehicle unit of China Evergrande had agreed to issue 6.18 billion new shares to NWTN to support its …
Evergrande EV unit suspends talks with Dubai’s NWTN on redrafting deal Read More »
By Yelin Mo and Brenda Goh BEIJING (Reuters) -Apple’s weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted …
Apple’s China sales tumble highlights waning clout as local brands gain Read More »
By Summer Zhen HONG KONG (Reuters) – Shares of WuXi AppTec Co Ltd and WuXi Biologics (Cayman) tumbled on Friday as investor fears grew over a U.S. draft bill targeting Chinese biotech giants. Wuxi AppTec plunged 21.2% on Friday, hitting its lowest since August 2019, and Wuxi Biologics lost 20.7%, dropping to a five-year low. …
By Selena Li and Kane Wu HONG KONG (Reuters) -Hong Kong investment firm Pacific Century Group (PCG), founded by billionaire Richard Li, is seeking to sell its majority stake in asset manager PineBridge Investments, according to four people with knowledge of the matter and a deal document seen by Reuters. PCG has hired JPMorgan to …
Hong Kong billionaire Richard Li seeks to sell asset manager PineBridge -sources Read More »
