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Bloomberg Ascentage Pharma Group International went from Hong Kong’s hottest initial public offering this year to a huge debut as investors continue to embrace unproven Chinese healthcare companies. The developer of cancer and hepatitis B therapies soared as much as 57% on Monday before paring the gain to 9.9% at the close. The firm’s retail portion of its offering was ...

Bloomberg The lack of reliable crop data is a chronic problem for Indonesia and a start-up is on a mission to change that by using blockchain technology. A Jakarta-based startup HARA is using blockchain to collect and manage farm data, from soil and crop conditions to pest infestation, cultivation process, land ownership and grains transaction in a bid to help ...

Bloomberg Indonesia suspended exports of nickel ore with immediate effect after a planned halt to shipments from the beginning of next year led to a rush to beat the deadline. The mineral meant for exports during the rest of the year will be absorbed by domestic companies with smelters, Indonesia’s Investment Coordinating Board Chairman Bahlil Lahadalia told reporters in Jakarta. ...

Bloomberg Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double the market value and gain investor recognition for the industry’s most ambitious technology push. In an internal newsletter sent last week, Chief Financial Officer Frank Witter prodded managers to get behind a goal to reach a valuation ...

Bloomberg AT&T Inc shares rose after the company won plaudits from Elliott Management Corp with a three-year plan to do much of what the activist shareholder has pressed for, including separating its chairman and chief executive officer roles. AT&T said it would reach earnings of $4.50 to $4.80 a share by 2022, compared with analysts’ current estimate of $3.39 a ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa), confirmed that the energy used during Expo 2020 Dubai will be 100 percent generated from renewable sources. Dewa, which is building smart grids for the generation, transmission, and distribution systems to Expo 2020, has implemented a number of mega projects, including providing Expo 2020 with 422MW of renewable energy from the ...

Bloomberg Global markets are “awash” in crude thanks to the surge in US oil output, and the boom looks set to continue, US Energy Secretary Rick Perry said in a Bloomberg TV interview. US shale production has turned the world “on its head,” and Goldman Sachs Group Inc. is “off a bit” in a report last week saying that the ...

Bloomberg Abu Dhabi Commercial Bank (ADCB), which completed a three-way merger in May, plans to exit its operations in Qatar and Kuwait to focus on its home market. The lender initiated the process of closing operations in both the countries and have informed the authorities, according to a statement. The move comes after the bank sold the majority of its ...

Bloomberg India’s central bank hasn’t sold any gold recently nor is trading in the metal, the monetary authority said in a tweet on Sunday. Reports have appeared in certain sections of media that RBI has been selling or trading in gold of late. It is clarified that RBI has not sold any gold or trading in it. The Economic Times ...

Dubai / Emirates Business There is tremendous potential for the UAE to double its exports to African countries with plastics, rubber and sugar identified as the top products offering the most untapped export potential estimated at $867.9 million, $457.9 million and $291.7 million, respectively in 2017. The analysis, based on recent data from the International Trade Center (ITC), relies on ...