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The Latest Breaking News from China

Fifty years of sycophancy to China have left NZ more exposed than protected

At some not-too-distant point New Zealand will have to make an uncomfortable choice between the West and China, writes Peter Dunne

Newsroom.co.nz

Natural Killer Cell Therapy Focused-Cytovia Turns To SPAC Merger For Public Market Debut

About 14 months after inking a natural killer cell deal with Cellectis SA (NASDAQ:CLLS), Cytovia plans to list on NASDAQ via a merger with the SPAC Isleworth Healthcare Acquisition Corp (NASDAQ:ISLE). The company went on to create a China joint venture. The biotech teamed up with China-based biotech investor TF Capital to form CytoLynx Therapeutics with…

Benzinga

Caladrius Biosciences To Merge With Privately-Held Cend Therapeutics

Caladrius Biosciences Inc (NASDAQ:CLBS) and privately-held Cend Therapeutics Inc have agreed to merge in an all-stock approximate "merger of equals" transaction approved by the Boards of Directors of each company. The transaction values each company at $90 million, which for Caladrius represents a 136% premium to its market cap on April 26. Following closing, the…

Benzinga

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China detects first human case of H3N8 bird flu strain

Experts say widespread transmission of flu in birds is increasing scope for avian viruses to mix and mutate

The Guardian - UK

Vaping Leader RLX Gets Doused by Latest Regulatory Wave

Key Takeaways: Shares of RLX and its peers fell sharply last month after China’s tobacco regulator announced a new ban on flavored vapes starting in May The group got a small boost earlier this month after the country’s market regulator announced new national standards for e-cigarettes By Judy Yang

Benzinga

Oshkosh Q1 Tops Street View; Cuts FY22 Outlook On Inflationary Pressures, Supply Chain Woes

Oshkosh Corp (NYSE:OSK) reported first-quarter FY22 sales growth of 3% year-on-year, to $1.95 billion, beating the consensus of $1.88 billion. Sales from the Access Equipment segment increased 19.6% Y/Y, the Defense segment fell 12.9%, and Fire & Emergency declined 7.9%. Gross margin for the quarter contracted by 630 basis points Y/Y to 10.3%.…

Benzinga

China, Russia, five others make US property rights blacklist

The United States is putting China, Russia and five other countries on its annual blacklist for lax enforcement of intellectual property rights that leaves American companies vulnerable to copyright and trademark piracy

The Independent UK

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Iran seeks to expand its military cooperation with China

Iran’s state media say President Ebrahim Raisi expressed his government's desire for closer cooperation with China during a visit to Tehran by the Chinese defense minister

The Independent UK

Morning Brief: Top Financial Stories Dominating on Wednesday, April 27

Reuters Kellogg Sues British Government Over New Sugar Rules

Benzinga

Trade deals not affected by India and China’s stance on Ukraine, says minister

UK negotiators are in India this week to continue trade talks and are looking to resume discussions with Beijing, Anne-Marie Trevelyan said.

The Independent UK

The stock market is a mess

With inflation already an uncomfortable fact, a rout will add to the cranky mood of voters and consumers.

Axios

Indonesia's Cooking Oil Export Ban Pumps Up Palm, Soyabean Oil Prices

Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders gear up Indonesia's export halt till the domestic cooking oil prices ease, Bloomberg reports. The policy has agitated the global $50 billion palm oil market as Indonesia initially said it would ban all exports of cooking…

Benzinga

China Lockdowns Pose Earnings Risk For Major Industrial Stocks and Autos like Tesla

Industrial firms warned against China's strict COVID-19 curbs, intensifying supply chain disruptions and rising uncertainty about the business outlook, Reuters reports. Even as companies shuffled to keep up with soaring costs of everything from labor to raw materials, the Russian invasion of Ukraine and related Western sanctions drove up energy prices.…

Benzinga

Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Benzinga

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Benzinga

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

Caixin Global

Opinion: How to Fine Tune China’s Version of the Individual Retirement Account

The proposed private pension system should encourage more people to participate and be connected with employer-sponsored plans

Reason

The World Is Back on a War Footing and We'll All Pay the Price

Mourn the end of a too-brief interlude of relative peace and prosperity.

Bangkok Post

China's Hainan free-trade port tipped to deepen Asean ties

HONG KONG: Hainan's transformation into a free-trade port will open new doors for trade between China and the Association of Southeast Asian Nations (Asean), but its success will require a leap of faith and pioneering spirit, experts said.

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Benzinga

STMicroelectronics Clocks 18% Revenue Growth In Q1 Backed By Robust Demand For Microcontrollers

STMicroelectronics N.V. (NYSE:STM) reported first-quarter FY22 revenue growth of 17.6% year-on-year to $3.55 billion, beating the consensus of $3.49 billion. This revenue performance, driven by solid demand for microcontrollers, was partially offset by temporarily reduced operations at its Shenzhen, China, manufacturing facility due to the pandemic. Sales to OEMs increased by 14.4% Y/Y,…

The Times of India

Shehbaz Sharif says will devise plan for security of Chinese and other foreigners working in Pakistan

ISLAMABAD: In the wake of the suicide attack on Chinese nationals in Karachi, prime minister Shehbaz Sharif has said that he will hold a meeting to devise plan for security of people from China and other foreigners working in Pakistan.

Reuters

China's Beijing finds positive samples in COVID testing this week

China's capital of Beijing has detected some positive COVID-19 cases in the first round of mass testing conducted in a dozen districts this week, a municipal official said on Wednesday.

Asharq Al-Awsat

China’s Capital in Race to Detect COVID Cases, Avoid Shanghai’s Distress

Millions of people in Beijing took their second COVID-19 tests of the week on Wednesday as the Chinese capital tried to keep an outbreak numbering in the dozens from spiraling into a crisis like the one the locked-down city of Shanghai is enduring. Evidence that Shanghai's month-long isolation has become…

Axios

Beijing braces for COVID lockdown with mass testing and panic buying

One woman bought enough food for three months.

The Independent UK

Australian minister accuses China of election interference

A senior Australian minister is suggesting that China deliberately announced its security pact with the Solomon Islands during an election campaign to undermine her government’s chances of reelection

Daily Mirror

Bird flu: China records first case of human infection with strain in four-year-old boy

A four-year-old boy from central Henan province was found to have been infected with the variant after developing a fever and other symptoms following contact with chickens and crows at home

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