Jiangsu Hengrui Pharmaceuticals, a Chinese pharma firm, executed a share sale in Hong Kong at the maximum limit of its announced price range, according to Bloomberg, referencing a report released by the Hong Kong Stock Exchange. Hengrui Pharma sold 224.5 million shares for HK$44.05 ($5.6) each. The total amount raised from the offering was HK$9.9bn ($1.3bn). According to the agreement, Hengrui...

Home Depot Inc., the biggest home improvement retailer in the U.S., posted a 9.4 percent revenue increase in the first quarter of fiscal 2025, exceeding predictions, although its adjusted earnings and comparable sales fell short of analysts' forecasts. For the quarter ending May 4, the firm announced a net income of $3.4 billion, or $3.45 per share, in contrast to $3.6 billion, or $3.63 per...

According to Saad al-Kaabi, Qatar's Minister of Energy and head of QatarEnergy, oil companies require a price range of $70-80 per barrel to sustain production and growth, and investments will start to drop if prices fall below $60 per barrel. He claims that sustaining production at its current level, which grows costlier over time, necessitates considerable financial investment. The minister...

US consumer products company Kimberly-Clark Corp. has opted to shift its listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. As stated in the company's press release, trading of its shares on the NYSE will stop on 29 May. As of May 30, stocks of Kimberly-Clark will be available for trading on Nasdaq.  The organization refers to this choice as ‘voluntary’,...

Qatar Airways reported a net profit surge of 28 per cent, reaching a record 7.8 billion riyals ($2.1 billion) for the financial year 2024, which concluded in March, according to the state-owned airline. The airline anticipates robust demand for air travel in the short term.  The firm's earnings for the year increased by 6 percent to reach 86 billion riyals.  Qatar Airways catered to...

US Microsoft Corp. has proposed to sell the Office software suite in the European Economic Area (EEA) at a lower price without the Teams messenger to address the European Commission's antitrust issues, stated the EC. The firm is open to granting rivals access to specific capabilities of several of its products and services, promoting “effective interoperability” with their solutions. The EC...

According to the annual Brand Finance China 500 report, TikTok was still the most valuable brand in China in 2025. The brand value of the social media platform TikTok/Douyin grew by 26% (reaching $105.8 billion) in the past year. The power grid firm State Grid Corporation of China (+20%, reaching $85.6 billion) climbed to second position from third, relegating the Industrial and Commercial Bank...

On Tuesday, the US Treasury Department declared sanctions on 20 entities in China and Singapore for their role in facilitating the export of Iranian oil to international markets, as stated in a press release from the department. "The General Staff of Iran's Armed Forces and its primary commercial entity Sepehr Energy Jahan Nama Taban (Sepehr Energy) persist in establishing shell companies and...

US car manufacturer General Motors has designated Sterling Anderson as chief product officer, as stated in a press release. Anderson is a co-founder of Aurora Innovation, a company working on advancements in the area of autonomous freight transport. He had prior experience at Tesla, where he was in charge of the Model X program and a group dedicated to autonomous driving technology. In his new...