Bloomberg Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday on fears that Washington will slap investment and export sanctions against more companies. Wuxi Biologics Cayman Inc tumbled a record 25% in Hong Kong before paring losses, while Sino Biopharmaceutical Ltd dropped 5% at the close. Semiconductor Manufacturing International Corp, (Smic) which is ...

  Bloomberg While US stocks fall ahead of what’s expected to be a hawkish Federal Reserve policy meeting, one investor just bet $65 million on a quick market rebound. The trade saw someone purchase roughly 20,000 call spreads that are linked to the S&P 500 and expire right before the Christmas holiday. The transaction involved selling calls with a strike ...

  ABU DHABI / WAM Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced on Tuesday a new long-term agreement with Adnoc Logistics and Services (Adnoc L&S). Through this partnership, Adnoc L&S will manage integrated logistics for Borouge to a new main logistical hub at Khalifa Port and Kizad in Abu Dhabi. The new agreement covers transportation and ...