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The Latest Breaking News from China

Astellas' Menopause Drug Suffers Setback After Failed Asian Trial

After acing a pair of phase 3 trials, Astellas Pharma Inc (OTC:ALPMF) has reported the failure of fezolinetant to beat placebo in a late-stage study of patients in Asia. The study randomized 302 women in China, Korea, and Taiwan. After 12 weeks, Astellas saw numerical improvements in the rate of hot flashes from baseline…

Benzinga

China And Saudi Arabia In Talks To Price Oil Sales In Yuan: Report

Saudi and Chinese officials have been holding ongoing discussions about pricing of some of the Gulf nation’s oil sales in yuan rather than dollars or euros.

Benzinga

Government commits $240 million to critical minerals projects in mission to end Australia's reliance on China

The federal government commits $240 million to developing its own critical minerals industry, as fears of a Chinese "monopoly" on the materials drives Australia to find its own supplies.

ABC News

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Lowy Institute flags slower growth in China

A leading think tank believes China's economic growth will be slower than first predicted.

The Canberra Times

5 Small-Cap Stocks to Buy to Take Advantage of Rising Steel Prices

A global steel shortage caused by lower supply from major exporters China, Russia, and Ukraine has pushed up steel prices of late. But given the strong demand from a reopening global economy, other countries' producers should benefit. So, small-cap steel stocks TimkenSteel (TMST), Insteel Industries (IIIN), Mesabi (MSB), Synalloy (SYNL),…

StockNews.com

Ex-hedge fund CEO aims to be hometown boy in key Senate race

As CEO of the world’s largest hedge fund, David McCormick wore suits, lived on Connecticut’s ritzy Gold Coast and talked up bipartisanship

The Independent UK

Kingsoft Cloud Weighs Dual Listing In Hong Kong As China's Geopolitical, Regulatory Risks Trigger Industry-Wide Selloff

China's leading cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ:KC), weighed a dual listing of its shares on the Hong Kong Stock Exchange. Analyst Rating: JPMorgan analyst Alex Yao downgraded Kingsoft to Underweight from Neutral with a price target of $3.50, down from $8 (17.7% upside). Yao found the China internet sector is unattractive on a 6-12…

Benzinga

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Russia says 'counts on China': Kremlin denies asking China for military help

How far is China willing to go to support Russia amid its war in Ukraine? Washington has warned there will be consequences if Beijing offers financial assistance or military support to Moscow. Vladimir Putin and Xi Jinping may have pledged a no limits relationship, but there is a cost to…

France 24

Is Transocean an Offshore Drilling Stock Worth Buying?

Shares of Switzerland-based offshore oil and natural gas drilling company Transocean (RIG) have gained momentum over the past month, thanks to the skyrocketing rally in crude oil prices. However, because oil prices have declined this week on hopes of a resolution of the Ukraine-Russia war and faltering demand due to…

StockNews.com

Why Hollysys Automation Shares Are Soaring Today

The state-owned operator of Beijing's railway and the subway weighed a takeover bid for Hollysys Automation Technologies Ltd (NASDAQ:HOLI), valuing it at $1.9 billion, Bloomberg reports. Beijing Infrastructure Investment Co looked to take Hollysys private following a deal based on its preliminary discussions. Hollysys offers integrated solutions for industrial automation and rail transport.…

Benzinga

China Yuchai Incorporates JV Subsidiary Developing Fuel Cell Powertrain Systems

China Yuchai International Limited (NYSE:CYD) subsidiary GYMCL stated that the joint venture, Beijing Yuchai Xingshunda New Energy Technology Co., Ltd., has been incorporated in the Daxing District, Beijing, China, with registered capital of RMB 10 million. Related: China Yuchai Forms JV To Develop Fuel Cell Powertrain Systems The joint venture combines the resources of…

Benzinga

Three things with Adam Liaw: ‘We wake up to freshly cooked rice at 6am’

In our weekly interview about objects, the celebrity cook tells us about his daily rice ritual, and the antique tea tray he found – then lost – in China

The Guardian - AU

Rising US isolationism means Australia must become more resilient and autonomous, thinktank warns

United States Studies Centre finds Americans are not convinced the Indo-Pacific should be a priority region for the Biden administration

The Guardian - AU

OLD QAnon followers believe Trump is purposely pronouncing China wrong in secret Ukraine code

Some QAnon conspiracy theorists think Trump and Putin are working together to out the ‘deep state’ in Ukraine

The Independent UK

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Benzinga

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

Axios

Europe's skepticism toward China grows

EU leaders view Beijing as a security concern.

Daily Mirror

What aid could China offer Russia as brutal Ukraine invasion enters 20th day

Russia has been looking for allies as the conflict in Ukraine becomes more intense. China might be open to offering aid to Russia, according to a US official. Here's how China might assist Russia in its brutal invasion of Ukraine

Evening Standard

How bad could China’s Covid-19 outbreak be for the global economy?

Stock markets in China and Hong Kong have been hit by sell-offs as concerns about new lockdowns intensify

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Benzinga

JX Luxventure Inks Cross-Border Supply Agreement, Plans NFT Projects

JX Luxventure Ltd (NASDAQ:LLL) subsidiary JX Hainan entered into a strategic cooperation framework agreement on a cross-border supply chain of duty-free merchandise with Aikayun Technology (Hainan) Co. Under the agreement, JX Hainan has secured an exclusive right to distribute cross-border products from Japan in the Hainan Island, amounting up to RMB1 billion. The…

The Hindu

CPI(M), CPI war of words through party mouthpieces

Left parties indulge in ideological debate through Chinatha and Navayugom

Benzinga

China High Speed Transmission Faces Profit Lull as Core Wind Power Business Slows

Key Takeaways: China High Speed Transmission’s core wind power and industrial gear businesses disappointed last year despite a policy environment that favored the company The company formed a major equity tie-up with an asset manager last year, raising cash as it searches for new business opportunities By Lau Ming

InsideEVs

China: BYD Increased Plug-In Car Sales In February 2022 By 764%

BYD continues to quickly increase its plug-in electric car sales, achieving a tremendous rate of growth in February.

Benzinga

Yang Guofu Tempts Investors with Spicy Hotpot IPO in Hong Kong

Key takeaways: • Leading Sichuan-style hotpot chain Yang Guofu has filed for a Hong Kong IPO, extending a recent series of restaurant listing applications • Company has expanded rapidly using a franchise model, but poses investor risk due to its nature as a family-run business

The Independent UK

Johnson defends Saudi trip as part of plan to reduce Russia’s oil influence

Boris Johnson said the West had to wean itself off Vladimir Putin’s oil and gas.

Tribune News Service

World economy faces supply hit as China battles COVID again

The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater disruption as China scrambles to contain its worst outbreak of COVID-19 since the pandemic began.

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