By Mariam Sunny (Reuters) -U.S.-based Kailera Therapeutics and Chinese firm Jiangsu Hengrui Pharmaceuticals’ experimental weight-loss drug has helped overweight patients lose up to 17.7% of body weight in a late-stage study in China, the companies said on Tuesday. Up to 88% of participants who received the drug, known as KAI-9531 outside China, lost at least …
Kailera touts late-stage win for weight-loss drug in China Read More »
(Reuters) -Geely Automobile will take its premium electric vehicle unit Zeekr private at a $6.83 billion valuation, as the Chinese automaker streamlines its business and sharpens its competitive edge. Under the agreement, Geely will acquire the remaining stake it does not already own for $2.687 per share, or $26.87 per American depositary share, the companies …
Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation Read More »
By Jessie Pang HONG KONG (Reuters) -The Hong Kong government laid out proposals on Tuesday to regulate ride-hailing platforms, such as Uber, following years of talks and complaints from the city’s licensed taxi drivers that they face unfair competition. Uber in 2014 became the first ride-hailing platform in Hong Kong and has operated without formal …
Hong Kong government proposes first ride-hailing regulation Read More »
By Ashwin Manikandan and Ira Dugal (Reuters) -Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has sought approval from the Reserve Bank of India to acquire an additional 4.9% stake in India’s Yes Bank to take its total ownership in the bank to just under 25%, two sources aware of the matter told Reuters. In May, SMBC …
Japan’s SMBC seeks RBI approval for 4.9% additional stake in Yes Bank, sources say Read More »
YOKOHAMA (Reuters) -Nissan Motor Co will stop producing vehicles at its Oppama plant in Japan by March 2028 and transfer operations to its factory in the southern prefecture of Fukuoka as part of a global restructuring plan to cut capacity, it said on Tuesday. Japan’s third-largest automaker will also cease production at Nissan Shatai’s Shonan …
Nissan says Oppama plant will stop production by March 2028 Read More »
By Joe Cash, Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus. The world’s No. …
China’s economy slows as consumers tighten belts, US tariff risks mount Read More »
SINGAPORE (Reuters) -Shares of NTT DC REIT, a data centre real estate investment trust, were steady in its first full trading session on Tuesday, a day after making a modest debut that sparked optimism for Singapore’s IPO market revival, traders said. NTT DC REIT last traded at $1.00 per unit, on par with its IPO …
Singapore’s NTT DC REIT holds steady after modest IPO debut Read More »
(Corrects formatting, no changes to text) TOKYO (Reuters) – Japan on Tuesday set up an administrative body aimed at easing citizens’ concerns over the rapid rise in the number of foreigners in recent years, as policies concerning non-Japanese residents emerge as a key issue in Sunday’s national election. The body would serve as a cross-agency …
Japan launches government body to address concerns over foreigners Read More »
By Eric Onstad LONDON (Reuters) -U.S. efforts to break China’s dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing system. The West has struggled to weaken China’s grip on 90% of the supply of rare …
US rare earth pricing system is poised to challenge China’s dominance Read More »
By Rahul Trivedi BENGALURU (Reuters) -A bare majority of economists polled by Reuters expect Bank Indonesia (BI) to cut interest rates on Wednesday, while a wider majority expects it will do so by the end of the quarter. At its June meeting the central bank signalled it was open to further rate cuts to spur …
Bare majority of economists expect Bank Indonesia to cut rates on July 16 Read More »
