HONG KONG, Jan 5 (Reuters Breakingviews) – IPO fever has caught on in Hong Kong in a big way. On Friday, shares in Shanghai Biren Technology (6082.HK), opens new tab zoomed up 76% after the Chinese artificial intelligence chip designer raised more than $700 million in its initial public offering. That came three days after…
Hong Kong’s biotech fundraising momentum is expected to extend into 2026, as licensing deals and strong post-initial public offering (IPO) trading last year persuaded investors that China’s drug developers are worth backing again – even before they generate revenue. “Chinese innovation drugs expanding into overseas markets have become the industry mainstream, indicating the domestic innovation…
LONDON, Jan 4 (Reuters) – The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost, but President Donald Trump’s plans to revive production in the Latin American country may…
China’s influence in Latin America may be significantly tested by the US revival of the Monroe Doctrine, as Washington’s attack on Venezuela is set to have a chilling effect on the region’s engagement with Beijing, analysts warn. In a surprise precision operation on Saturday, the US military struck Venezuela, captured its leader Nicolas Maduro and…
SHANGHAI, Jan 4 (Reuters) – South Korean President Lee Jae Myung began a state visit to China on Sunday, hoping to promote peace on the Korean Peninsula hours after rival North Korea launched ballistic missiles. The visit, Lee’s first to China since taking office in June, comes amid heightened global tensions after Pyongyang’s aggressive display,…
Jan 3 (Reuters) – Following are reactions to Saturday’s U.S. strikes on Venezuela. FRENCH PRESIDENT EMMANUEL MACRON “The transition to come must be peaceful, democratic, and respectful of the will of the Venezuelan people. We hope that President Edmundo González Urrutia, elected in 2024, will be able to ensure this transition as quickly as possible,”…
Hong Kong suffered Guangdong-Hong Kong Cup penalty heartache for the second time in three years following a rousing second-half city team fightback in Guangzhou on Saturday. Trailing 2-0 at half-time at the Greater Bay Area Cultural and Sports Centre, interim head coach Roberto Losada was rewarded for an inspired triple change as the visitors shook…
Most patients visiting Hong Kong emergency departments at public hospitals at night for minor ailments were not aware they could go to evening clinics instead, although securing a booking was difficult and multiple calls were needed before a successful slot could be confirmed. With a new fees regime in public hospitals kicking in on Thursday,…
Stocks rise; Europe at record high again Precious metals rally shows no sign of stopping Dollar on the defensive; traders remain on yen intervention watch SINGAPORE/LONDON, Jan 2 (Reuters) – European stocks began 2026 at fresh record highs as investors braced for a year set to test the AI-led rally, usher in a change of…
Taiwan president determined to boost defend sovereignty Proposal to boost military spending stuck in parliament Lai says 2026 a crucial year for Taiwan China’s Xi says ‘reunification’ cannot be stopped TAIPEI, Jan 1 (Reuters) – Taiwan President Lai Ching-te said on Thursday the island is determined to defend its sovereignty and boost its defence in…