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BUSINESS5d agoKorean battery ETFs surge as AI data center demand boosts ESS outlookKorean secondary battery ETFs ranked among the top market performers this month as investors bet that AI data centers will drive growing energy storage system demand.koreajoongangdaily_joins · south korea
BUSINESS5d agoFormer Greentown China head charged for taking bribes over stake in real estate projectHong Kong’s corruption watchdog has charged the former head of a listed company for allegedly accepting HK$20 million (US$2.5 million) in bribes from a mainland Chinese property developer in exchange for acquiring a stake in the developer’s real estate project. Zhang Yadong, 58, who was chairman of Greentown China Holdings from 2019 to 2025, faced a count of conspiracy to accept advantages, the Independent Commission Against Corruption (ICAC) said on Friday. The case was mentioned at Eastern...South China Morning Post
BUSINESS5d agoCan China use widening yield gap between the US dollar and yuan to boost global role?China should seize a window opened by the widening US-China yield gap to strengthen the financing, hedging and asset-absorption systems behind the yuan, turning its cyclical low-interest-rate advantage into lasting global use of the currency, according to a researcher from a Beijing-based governmental think tank. The 10-year US Treasury yield was 5.22 per cent on Thursday, compared with 1.69 per cent for Chinese government bonds on their first trading day after the National Day holiday – a gap...South China Morning Post
BUSINESS5d agoCentral retail shop bought by Swiss heir in ‘rare’ Hong Kong market moveIn a rare market move, a long-established local developer sold a Central retail shop that was held for over 50 years to an heir of Swiss underwear maker Triumph, according to data from the Land Registry, a deal analysts have called “highly unusual”. The use of international capital to acquire local retail assets in Hong Kong is uncommon. Triumph International did not immediately respond to a request for comment from the South China Morning Post. The transaction involved a ground-floor shop at...South China Morning Post
BUSINESS5d agoChina’s BYD considering lithium battery plant in Argentina, foreign minister saysBYD is studying whether to manufacture lithium batteries in Argentina, Foreign Minister Pablo Quirno said on Thursday after meeting Stella Li, the Chinese electric vehicle maker’s executive vice-president. According to Quirno, the company was looking at “investment opportunities in Argentina linked to the lithium value chain, particularly in the production of batteries and energy storage systems”. He did not say how much BYD might spend or where the factory could go. The minister tied the talks...South China Morning Post
BUSINESS5d agoElevra Lithium rises on spodumene supply deal with Korea's LG EnergyElevra Lithium's stock has risen following a supply deal for spodumene with LG Energy, a Korean company. This agreement impacts the company's market performance and the supply chain for lithium.Seeking Alpha Tech
BUSINESS5d agoEU envoy in Beijing for talks to calm trade tensionsThe EU trade envoy said he hoped to make progress in tackling the bloc's "unsustainable" trade imbalance with China. Beijing called for trade disputes to be resolved through equal dialogue.DW News [en]
BUSINESS5d agoJianzhi Education Announces Share Repurchase ProgramBEIJING, Oct. 8, 2026 /PRNewswire/ -- Jianzhi Education Technology Group Company Limited (Nasdaq: JZ), a leading provider of digital educational content in China, has announced its intention to initiate a share buyback program. This strategic move aims to return value to shareholders and underscores the company's confidence in its long-term growth prospects. Details of the Buyback Program: Purpose: The repurchase program is designed to enhance shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share and potentially supporting the stock price. Volume: The company plans to buy back shares up to a certain limit, which will be determined based on market conditions, stock price, and the company's financial position. Conditions: The buyback will be conducted under standard market conditions, adhering to legal and regulatory frameworks, including: Timing: Purchases will occur at management's discretion, in compliance with SEC regulations and other applicable securities laws. Price: Shares will be repurchased at prevailing market prices or through negotiated transactions, ensuring no market manipulation. Method: The company may use open market purchases, private negotiations, or tender offers to execute the buyback. Funding: The buyback will be funded from the company's existing cash reserves, and the program's size will be adjusted according to cash flow and capital requirements for ongoing operations and strategic investments. Statement from Leadership: "We believe that our current stock price does not fully reflect the intrinsic value and future potential of Jianzhi Education," said Yong Hu, CEO of Jianzhi Education Technology Group. "This buyback program reflects our commitment to our shareholders and our confidence in our business model, which is geared towards leveraging AI and digital solutions to transform education in China." About Jianzhi Education Technology Group Company Limited Headquartered in Beijing and established in 2011, Jianzhi is a leading provider of digital educational content in China and has been committed to developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. Jianzhi started operations by providing educational content products and IT services to higher education institutions. Jianzhi also provides products to individual customers. Leveraging its strong capabilities in developing proprietary professional development training content and success in consolidating educational content resources within the industry, Jianzhi has successfully built up a comprehensive, multi-dimensional digital educational content database, which offers a wide range of professional development products. Jianzhi embeds proprietary digital education content into the self-developed online learning platforms, which are provided to a wide range of customers through its omni-channel sales system. Jianzhi is also fully committed to the digitalization and informatization of the education sector in China. For more information, please visit: www.jianzhi-jiaoyu.com. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Such statements are based on management's current expectations and current market and operating conditions, and involve known and unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Website: www.jianzhi-jiaoyu.comen_prnasisa · united arab emirates
BUSINESS5d agoKemin Food Technologies - Asia Appoints Indesso as New Distribution Partner for IndonesiaSINGAPORE, Oct. 8, 2026 /PRNewswire/ -- Kemin Industries, a global ingredient manufacturer that strives to sustainability transform the quality of life every day for 80 percent of the world with its products and services, has appointed PT Indesso Niagatama as its new distributor for Kemin...cision · united states of america
BUSINESS5d agoJianzhi Education Announces Share Repurchase ProgramBEIJING, Oct. 8, 2026 /PRNewswire/ — Jianzhi Education Technology Group Company Limited (Nasdaq: JZ), a leading provider of digital educational content in China, has announced its intention to initiate a...nynewscast · united states of america
BUSINESS5d agoKemin Food Technologies – Asia Appoints Indesso as New Distribution Partner for IndonesiaSINGAPORE, Oct. 8, 2026 /PRNewswire/ — Kemin Industries, a global ingredient manufacturer that strives to sustainability transform the quality of life every day for 80 percent of the world with...nynewscast · united states of america
BUSINESS5d agoTaiwan becomes largest market in MSCI emerging-markets indexTaiwan has become the largest market within the MSCI emerging-markets index. This signifies a notable shift in global financial market composition.Seeking Alpha Tech
BUSINESS5d agoOriental Residence Bangkok Awarded One MICHELIN Key for the Third Consecutive Year — Arabian PostBANGKOK, THAILAND – Media OutReach Newswire – 8 October 2026 – Worldwide recognition could first convey a lodge to travellers’ consideration, however incomes that recognition yr after yr carries higher significance, significantly for many who worth high quality and consistency in each keep. ONYX Hospitality Group, a administration firm specialising in resorts, resorts, serviced residences […] The post Oriental Residence Bangkok Awarded One MICHELIN Key for the Third Consecutive Year — Arabian Post appeared first on Asia Today.asiatoday_co · south korea
BUSINESS5d agoTop Glove Corporation Bhd. reports Q4 resultsTop Glove Corporation Bhd. has reported its fourth-quarter results. This provides an update on the company's recent financial performance.Seeking Alpha Tech
BUSINESS5d agoCK Asset opts to rebuild 3 blocks at starter homes project after steelwork scandalThree of the six residential buildings at CK Asset’s “starter homes” project in Hong Kong will be demolished and rebuilt in what the developer called the most “time-saving” solution, two years after a scandal over substandard steel reinforcement work halted construction. The Buildings Department said on Thursday that it had approved demolition plans for three blocks at the Anderson Road development in Kwun Tong, while remedial work was under way at the other three. Earlier investigations found...South China Morning Post
BUSINESS5d agoAXT could get a boost as China needs optics, faster networks: WedbushWedbush suggests AXT could experience a boost due to China's increasing need for optics and faster networks. This analysis highlights potential market opportunities for the company.Seeking Alpha Tech
BUSINESS5d agoEU trade envoy eyes yawning goods deficit on first day of China visitThe EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao. Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit". One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent. Also in this edition: Microsoft unveils its new AI-powered PCs in a bid to rival Apple.France 24 [en]
BUSINESS5d agoAmid battle for AI edge, Hong Kong presses HSBC over Singapore hub decision: sourcesAs Hong Kong and Singapore compete for leadership in businesses ranging from foreign exchange trading to wealth management, the battleground has extended to artificial intelligence, with both cities vying to attract investment from HSBC Holdings and other major corporations, according to industry players. The issue came into focus after the Hong Kong Monetary Authority (HKMA) questioned HSBC about its decision to set up an AI centre in Singapore, despite Hong Kong being its single largest...South China Morning Post
BUSINESS6d agoEU trade chief in talks with China to rebalance 'unsustainable' deficitThe EU trade chief is holding discussions with China to address a trade deficit, aiming to restore balance in their economic relationship. This indicates ongoing efforts to resolve trade imbalances between major global economies.Seeking Alpha Tech
BUSINESS6d agoChina AI startup Manus raises more than $500M after Meta deal blockedChinese AI startup Manus has successfully raised over $500 million in funding following a blocked deal with Meta. This significant investment highlights continued growth and interest in the AI sector despite regulatory hurdles.Seeking Alpha Tech
BUSINESS6d agoStandard Chartered to expand crypto custody services in SingaporeStandard Chartered's Singapore unit plans to offer custody for selected crypto assets, stablecoins, and tokenized real-world assets to institutional investors.headtopics · united states of america
BUSINESS6d agoSeven & i Holdings GAAP EPS of ¥54.25, revenue of ¥5460.27B; reaffirms full-year outlookSeven & i Holdings reported its GAAP EPS and revenue figures and reaffirmed its full-year outlook. This provides an update on the company's financial performance.Seeking Alpha Tech
BUSINESS6d agoFast Retailing GAAP EPS of ¥1765.70, revenue of ¥3963.39B; gives FY2027 outlookFast Retailing announced its GAAP EPS and revenue, alongside providing its fiscal year 2027 outlook. This offers insights into the company's financial results and future projections.Seeking Alpha Tech
BUSINESS6d agoUniqlo sees profits soar in China despite Beijing-Tokyo tensionsFast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with encouraging steps indicating a return to growth”, according to its annual report released on...South China Morning Post
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