Innovent Biologics Inc said on Friday Paris-based Sanofi SA would invest HK$2.42 billion ($307.88 million) in the biopharmaceutical group to jointly develop two cancer drugs in China. The all-cash …
Tagged By finance
US handed green battery tech discovery worth millions of taxpayer dollars to China, report reveals
The U.S. Department of Energy (DOE) gave China the rights to a green battery capable of powering an entire house for decades which cost millions of tax dollars to develop, according to a new report.
CPEC in trouble with China, Pak’s disengagement amid economic crisis
Almost a decade after Beijing initiated the China-Pakistan Economic Corridor (CPEC), the implementation of its important projects is in jeopardy as Pakistan is heading into an economic crisis while …
China’s Ant Group net profit fell 17.3% in March quarter – Alibaba filing
China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from Alibaba Group …
China starts biggest-ever military drills around Taiwan after Pelosi visit
The U.S. House speaker defied intense warnings from Beijing not to stop in Taiwan. In turn, China launched the drills in some of the world’s busiest shipping lanes.
How the tight bond between Alibaba and Ant has weakened under regulatory pressure from Beijing
The bond between Alibaba Group Holding and Ant Group, which share a common founder in Jack Ma and once even seemed to operate as one company, is unravelling at an accelerated pace as the fintech…
EMERGING MARKETS-Rebound in Chinese shares powers broader rally; c.bank decisions awaited
Emerging market stocks made cautious gains on Thursday, with eyes on Chinese sabre-rattling, while currencies bided time ahead of some central bank policy decisions. Aug 4 (Reuters) – Emerging market …
China Further Curbs Executives’ Pay at State Banks, Funds
Chinese authorities told the nation’s state-owned banks, insurers and sovereign wealth fund to further curb compensation for their senior executives and slash expenses including travel as they step up …
China State-Backed Builder’s Dollar Bonds Slump as Worries Mount
Dollar bonds of a state-backed Chinese builder fell by record amounts Thursday, following several months of declines as repayment worries have circled even developers partially owned by the government …
Live news updates: Toyota profits almost halve amid inflation and China lockdowns
Rolls-Royce reduced its cash outflow by more than £1bn in the first half of the year but cautioned that the external trading environment remained challenging, citing rising inflation and supply chain …
Foreigners cut China debt, dump equities in July – IIF
Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in four months, according to a report by the Institute of International Finance (IIF).
China State Grid Will Start Work on $22 Billion of UHV Power Lines
(Bloomberg) — State Grid Corp. of China will start building several new long-distance power lines as the nation bolsters its clean energy ambitions while accelerating infrastructure spending to …
Xinhua Finance: Opening of 2022 Jiangbeizui New Financial Summit Brings Huge Strategic Opportunities for Building a Western Financial Center
On July 27th, the opening ceremony of the 2022 Jiangbeizui New Financial Summit was held at the Jiangbeizu International Fashion Center in Chongqing. With the theme of “Empowering Two High-Quality …
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