(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Last week, a Chinese start-up founded by engineers who have risen on the tide of the country’s maritime ambitions, announced it had sold its cutting-edge deep-sea surveillance robots to an unidentified Middle Eastern nation. Details of the deal were scant, and little was known about the buyer’s intentions, but the implications for China’s rapidly growing…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters annually, the Russian gas giant said on Monday. Gazprom started sending gas to China via the Power of Siberia pipeline at the end of 2019, and flows have now reached the maximum design capacity….
The pipeline stretches 5,111km, including 3,371km of newly built sections. Credit: Michael Dechev/Shutterstock. China’s National Oil and Gas pipeline network group has announced the completion of the China-Russia east-route natural gas pipeline construction. This pipeline project is now entering its final commissioning phase, reported CCTV via GlobalTimes. This energy corridor aims to bolster the natural…
(Bloomberg) — A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as…
Gastroenterology specialists may possess suboptimal skills and confidence in diagnosing primary biliary cholangitis (PBC) in a timely fashion and separately from other hepatic conditions, according to data from a new qualitative study. New research presented at the American College of Gastroenterology (ACG) 2024 Scientific Sessions in Philadelphia, PA, this week showed both gastroenterologists and relevant…