Reuters Asia Business

China’s Bio-Thera Solutions licenses its arthritis drug to Germany’s STADA

HONG KONG (Reuters) -China’s Bio-Thera Solutions said on Thursday it has granted Germany’s STADA Arzneimittel commercialisation rights for its arthritis drug BAT1806 in the EU, UK, Switzerland, certain Middle East and North Africa regions, and certain members of the Commonwealth of Independent States. Upfront payment and milestone payments will total up to 136 million euros …

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Analysis-China faces pivotal welfare reform test as court ruling hits jobs, small firms

BEIJING (Reuters) -China’s top court ruling that makes it illegal for businesses and employees to avoid social insurance payments is stoking fears about jobs and the survival of small firms, forcing Beijing to confront the risks of long-promised welfare reform. The ruling, analysts and one government adviser say, aims to replenish depleted pension coffers in …

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AIA Group’s first-half new business value rises 14% on strong demand

(Reuters) -AIA Group reported a 14% increase in its first-half value of new business (VONB) on Thursday, driven by strong demand for its insurance products in the key markets of China and Hong Kong. The insurer said VONB, a key barometer that gauges expected profit from new premiums, was $2.84 billion on a constant exchange …

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Microsoft scales back Chinese access to cyber early warning system

WASHINGTON (Reuters) -Microsoft said on Wednesday it has scaled back some Chinese companies’ access to its early warning system for cybersecurity vulnerabilities following speculation that Beijing was involved in a hacking campaign against the company’s widely used SharePoint servers. The new restrictions come in the wake of last month’s sweeping hacking attempts against Microsoft SharePoint …

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Trading Day: AI fatigue, policy intrigue

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Gnawing doubts about the frenzy around artificial intelligence weighed on tech shares again on Wednesday, pushing Wall Street into the red as investors cast a nervous eye toward a key speech from Fed Chair …

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China launches WTO dispute with Canada on steel and aluminum surtaxes

BERLIN (Reuters) -China has requested dispute consultations at the World Trade Organization regarding Canadian surtaxes and quotas on steel and aluminum goods, the WTO said on Wednesday. The disputed measures include a surtax in the form of tariff-rate quotas on certain steel imports originating from Canada’s non-free trade agreement partners, including China, a notice from …

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Bunge diverts Argentina’s first soy meal shipment set for China

By Maximilian Heath and Ella Cao BUENOS AIRES (Reuters) -Agricultural export firm Bunge told Reuters on Wednesday it had diverted a shipment of Argentine soybean meal that was destined for China to another destination “for commercial reasons,” after reports this was due to quality concerns. The shipment had been set to mark Argentina’s first soy …

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