Business

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Japan's industry ministry, Siemens Energy to partner on floating offshore wind project

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Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report

The tightening of Hong Kong’s securities regulations – in the wake of property developer Evergrande’s liquidation and unrelated IPO frauds – has resulted in more delistings than resumptions for the first time in three years, according to a…

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Biggest Pharmacy Chain in Malaysia Plans $565 Million Share Sale

Malaysia’s biggest pharmacy chain Big Caring Group Bhd. is offering shares worth up to 2.3 billion ringgit ($565 million) in an initial public offering that’s poised to be the country’s second largest listing this year.

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Hello Kitty Owner Sanrio Axes Japan Show Ties After China Furor

Sanrio Co. apologized and scrapped a collaboration with Japanese television drama Vivant after the spy program drew criticism in China over its portrayal of wartime history.

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Vietnam sets 65% state ownership floor for major banks, to retain control of strategic groups

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Vietnam sets minimum state ownership for major banks at 65%

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Iron Ore’s Drop Below $90 Tests High-Cost Supply as Losses Mount

Iron ore’s fall below $90 a ton has pushed as much as 170 million tons of production into losses, but prices will need to remain depressed for longer before enough supply exits to tighten the market, according to UBS Group AG.

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Kalshi, co-founders hit with criminal charges in US state of Utah

The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets.

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CLSA Analyst: Samsung Shares Fell on Lack of Buybacks

Samsung shares slid due to a lack of new announcements of share buybacks, according to CLSA Head of North Asia Semiconductors Research Sanjeev Rana. (Source: Bloomberg)

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Cash is king as investors draw new battle lines in AI spending boom

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Indonesia’s Wealth Fund CIO Owns Stake in Sanctioned Brokerage

Pandu Sjahrir, the prominent Indonesian wealth fund executive who has publicly supported MSCI Inc.’s scrutiny of the nation’s stock market, is the co-owner of a brokerage sanctioned in connection with a stock-market manipulation probe.

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Tencent’s Cloud Boss Plays Long Game to Patch ‘Leaky’ AI Ship

When Pony Ma called Tencent Holdings Ltd.’s AI endeavor “a leaky ship” this summer, the billionaire founder sent ripples through a company that for years dominated the industry with WeChat. The social media and gaming leader was at the…