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Reuters

Five Point-backed WaterBridge valued at nearly $3 billion as shares jump in NYSE debut

By Ankita Bora and Arasu Kannagi Basil (Reuters) – WaterBridge Infrastructure’s shares jumped 25% in their debut on the New York Stock Exchange on Wednesday, giving the midstream water management firm a market valuation of nearly $3 billion. Shares of the Houston, Texas-based company, which is backed by private equity firm Five Point, opened at…

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Hong Kong to tighten labour import rules in catering sector, prioritise locals

Hong Kong to tighten labour import rules in catering sector, prioritise locals

Hong Kong authorities will strengthen protection for local workers by tightening restrictions on employers importing waiters and junior cooks, while enacting legislation to better protect delivery workers. Chief Executive John Lee Ka-chiu announced in his policy address on Wednesday that the government would prioritise the employment of local workers and crack down on abuse of…

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Earthquake of magnitude 4.0 strikes Nepal

Earthquake of magnitude 4.0 strikes Nepal

Updated on: Sept 17, 2025 10:44 pm IST As per the NCS, the earthquake occurred at a depth of 10km. An earthquake of magnitude 4.0 struck Nepal on Wednesday, according to the National Centre for Seismology (NCS). Nepal is earthquake-prone due to its location on a convergent boundary where the Indian and Eurasian tectonic plates…

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Top Hong Kong civil servants worried by accountability policy ‘had better go’: Lee

Top Hong Kong civil servants worried by accountability policy ‘had better go’: Lee

Hong Kong’s senior civil servants will be subject to a new mechanism to hold them accountable for underperformance, with dismissal as the maximum penalty. Announcing the new “Heads of Department Accountability System” in his annual policy address, the chief executive later dismissed concerns that the move might deter senior servants. “If they think like that,…

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