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Samsung’s bio-drug unit to raise $2bn in upcoming IPO

  Seoul / AFP Samsung’s drug-manufacturing unit plans to raise as much as $2.0 billion in November with what looks set to be South Korea’s third-largest initial public offering (IPO). Samsung Biologics, a contract manufacturer of biotech drugs for global pharmaceutical firms, had announced the IPO plan back in April — with parent Samsung Group seeking new growth engines as ...

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India’s home auctioneers raise gavel on unwanted goods

  New Delhi / AFP On a scorching rooftop in a smart neighbourhood in the Indian capital, 40 Delhiites with an eye for a bargain peer over auction tables creaking with used, broken and half-eaten items, the front line of a thriving second-hand economy. The auctioneer’s voice rises to a frenzied pitch as the numbers soar higher, each item wielded ...

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Taiwan to improve fishing fleet conditions

  NEW TAIPEI CITY / AP Commercial fishing boat owners in Taiwan, one of the world’s biggest seafood exporters, face strict rules and potential fines under a new law aimed at preventing overfishing and protecting migrant crewmembers who work far at sea with little oversight. The Distant Water Fisheries Act, which takes effect Jan. 15, 2017, comes amid growing pressure ...

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