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A Chinese biotech firm that soared more than 4,500 per cent in the three months since its Hong Kong debut, has stoked fears of a speculative bubble in China healthcare stocks.Shares of TransThera Sciences soared as much as 64 per cent to HK$679.50 in Hong Kong trading on Tuesday, after pricing at just HK$13.15 in late June – a more than 50-fold gain that has made it the top performer on the Hang Seng Healthcare Index this year.TransThera noted the “unusual movements” in its share price in an announcement on Tuesday, while confirming “business operation remained normal”.The blistering rally highlighted…

Shanghai Henlius Biotech is in talks with multinational pharmaceutical firms including Johnson & Johnson and Roche Holding about selling them the rights to an experimental cancer drug, people familiar with the matter said.An agreement could fetch the subsidiary of Shanghai Fosun Pharmaceutical at least several hundred million dollars up front and then more in milestone payments down the road based on the drug’s performance, the people said. They asked not to be identified because the discussions were private.Negotiations are ongoing and Henlius could push for a higher figure as more data on the drug’s performance becomes available, the people said.…

Pakistan’s fertiliser sector is a cornerstone of the country’s agricultural productivity and food security. With rising population pressure and the need to boost crop yields, the role of fertiliser manufacturers has become increasingly critical. Fertiliser companies are central to Pakistan’s agriculture-driven economy, and their presence on the Pakistan Stock Exchange (PSX) reflects their national importance. As of the latest data, the fertiliser sector holds a market capitalisation of $4.6 billion, which accounts for approximately 7.1% of the total market capitalisation of $64.8 billion. Despite this relatively modest share, the fertiliser sector has made a significant impact on the stock market…

Spanish Foreign Minister José Manuel Albares beamed on Sunday as he welcomed top negotiators from the United States and China to Madrid, the fourth European venue chosen to host the talks aimed at calming their trade and technology wars.“Spanish foreign policy works for dialogue and agreement. Honoured by the trust of both in choosing Madrid,” Albares wrote on social media, in a post accompanied by separate smiling pictures with Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent.But away from the Palacio de Santa Cruz and the latest round of talks – during which the rivals thrashed out the…

The Philippines has taken delivery of its most modern warship yet, marking a milestone in efforts to strengthen its maritime defences in the South China Sea.The arrival of the BRP Diego Silang, a 3,200-tonne guided-missile frigate built in South Korea, offers the promise of greater surveillance and deterrence – even as analysts say the Philippines continues to lag behind its regional peers.At a ceremony held on Monday in a naval base in Subic Bay, Philippine military chief General Romeo Brawner Jnr said the new vessel “represents our relentless pursuit of a more capable and credible Philippine Navy. It reflects years…

Amid the diplomacy and a series of summits hosted by Chinese President Xi Jinping last week, Beijing and Moscow appeared to make a major breakthrough by unveiling an agreement to build the long-anticipated “Power of Siberia-2” gas pipeline.   On September 2, Alexei Miller, CEO of Russian energy giant Gazprom, announced the signing of a legally binding memorandum of understanding, grabbing headlines and signaling that ties between Beijing and Moscow are deepening despite Western pressure.   But energy experts speaking to RFE/RL expressed doubts about the project’s future, pointing out that key details—such as the price of gas, export volumes,…

MADRID (AP) — Spain joined Tuesday the group of countries threatening not to participate in the Eurovision Song Contest unless Israel is excluded from the competition over the war in the Gaza Strip.The Netherlands, Ireland and Slovenia had already taken the same stance. Spain’s addition to the list puts more pressure on both Israel and the European Broadcasting Union, which organizes the popular contest.Spanish public broadcaster RTVE made the decision at a board meeting in Madrid.The announcement comes as diplomatic ties between Spain and Israel frayed after large protests against the presence of a Israeli-owned cycling team disrupted the Spanish…

As Pakistan’s industrial sector accelerates toward renewable energy adoption, Kohinoor Mills Limited (KML) has successfully installed a 4.5-megawatt (MW) solar power system as part of its push for sustainable operations and cost efficiency. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “As per company commitments towards sustainable energy and focused operational efficiency, we are pleased to inform that the company at its manufacturing facility located at 8km Manga Raiwind Road, District Kasur, has successfully installed a 4.5MW solar renewable energy system out of the total planned installation of 7.2MW,” read the…

Pakistan and Iran reaffirmed their commitment to deepen economic cooperation, setting sights towards boosting bilateral trade toward the $10 billion mark, as Commerce Minister Jam Kamal Khan and Iranian Minister Farzaneh Sadegh addressed the Pak–Iran Business Forum 2025 in Tehran. Jam Kamal called for a “new chapter of shared prosperity” between Pakistan and Iran as he addressed the Pak–Iran Business Forum 2025 on the sidelines of the 22nd session of the Pakistan–Iran Joint Economic Commission (JEC) in Tehran, read a statement. Speaking to Iranian and Pakistani business leaders, officials and diplomats, the minister said the business forum — held for…

Gold prices scaled a record peak on Tuesday, supported by a weaker dollar ahead of the Federal Reserve’s policy meeting this week, where the central bank is widely expected to cut borrowing rates. Spot gold rose 0.1% to $3,681.18 per ounce as of 0326 GMT, after hitting a record high of $3,689.27 earlier in the session. US gold futures for December delivery were flat at $3,718.50. “The sentiment is very bullish… markets are buying into rate cuts, going into this FOMC decision. The outlook remains strong for gold in the short to medium term,” said Kyle Rodda, an analyst at…