Asian equities were mixed, but mostly higher overnight as Mainland China continues to lead Asian index gains this week.
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Merck, Novo, Sanofi and more pull off China growth thanks to price maneuvering. But anxiety grows over outlook for biologics
As innovative products ginned up sales growth for Big Pharma in China, companies have also found themselves playing defense for their mature brands against cheap generics. Meanwhile, a continually …
Bitcoin price: Could Bitcoin reach $50,000? Here’s the latest crypto market news and prices for Bitcoin, Ethereum and Dogecoin
Bitcoin prices have surged above $40,000 and towards a new threshold of $50k after fears over an amendment to proposed US legislation hitting crypto traders and miners dwindled.
Crypto Regulator Says Easing of Restrictions in Japan Must Wait
Japan needs more convincing of the merits for making cryptocurrency investing easier for its population, according to the country’s top regulator. While Financial Services Agency Commissioner Junichi …
Shanghai IPO: China Telecom eyes $8.4B
China Telecom could raise more than $8 billion in a Shanghai initial public offering (IPO) that would be the biggest this year, months after it was delisted in the US amid Washington’s stand-off with …
China-US trade war: American retailers claim tariffs on Chinese goods hurt business during pandemic
United States retailer associations have argued that US tariffs on Chinese products are hurting business, in the latest call on President Joe Biden’s administration by domestic business groups to …
Xiaomi clarifies that the crypto-accepting Mi Store in Portugal is a third-party store
A couple of days back, we brought you a report that Xiaomi‘s Mi Store in Portugal was now accepting payments using cryptocurrency including Bitcoin, Ethereum, Tether, and even Dash for the purchase of …
Beijing’s tech crackdown casts long shadow over South Korea’s biggest IPO in a decade
Battlegrounds creator’s disappointing launch has come after Chinese state media’s latest broadside against video gaming and market leader Tencent.
PUBG Maker Krafton Tumbles After Raising $3.8 Billion in IPO
Shares of Krafton fell as much as 20% before trading at 13.5% lower at 10:48 a.m. in Seoul, giving it a market valuation of around 21.1 trillion won ($18.4 billion). The Tencent Holdings Ltd.-backed …
Tencent makes more NFT and blockchain moves: Blockheads
Tencent Music to release “digital collections” built with non-fungible token (NFT) technology. The Chinese province of Guizhou reveals ambitious plans to turn freed-up crypto minng electricity into EV …
Watch for these firms coming out with their IPOs in the US
Grab, Discord and NextDoor (hyperlocal social networking app for neighbours) are a few big-ticket IPOs that investors are eagerly anticipating in the second half of 2021 …
China slashes fuel export quotas by 73% following new taxes
China has cut export quotas for refined fuels by 73% year-on-year in the second issue for 2021, as new taxes on imports of key blending fuels are set to boost sales of domestically refined fuels.
China’s Tough Stance on Crypto Mining Is a Boon for Miners Elsewhere
Cryptocurrency miners in China are turning off their machines after Beijing warned it would tighten its control over the industry. This has created an opportunity for miners elsewhere, as the power …
