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India can seize an opportunity to reset its ties with Nepal and strengthen regional stability following the leadership shake-up in Kathmandu sparked by the Gen Z-led protests, according to analysts.But they warn that any such move by India must avoid triggering perceptions of “big brother” interference – a legacy of its past interventions in South Asia that have pushed Nepal and Bangladesh closer to China.The recent unrest in Nepal led to the resignation of prime minister K.P. Sharma Oli last week. Former chief justice Sushila Karki was sworn in as interim leader on Friday, shortly before President Ramchandra Paudel dissolved…

Chinese technology giant Tencent Holdings plans to raise 9 billion yuan (US$1.27 billion) through a yuan-denominated dim sum bond – its first bond sale in four years – in a move brokers say is aimed at boosting its artificial intelligence (AI) ambitions.The dim sum bond, offered in three tranches with five-, 10-, and 30-year tenures, will be launched on September 23, according to a stock exchange filing on Wednesday. Dim sum bonds are bonds that are denominated in yuan and issued outside the mainlandThe offering aims to raise 2 billion yuan by issuing five-year notes with a 2.1 per cent…

LONDON (AP) — A British judge temporarily blocked the government from sending an asylum-seeker who crossed the English Channel back to France, delaying the first deportation under an agreement between London and Paris.The 25-year-old Eritrean man was due to leave Britain on Wednesday on a commercial flight. But after his lawyers appealed, High Court judge Clive Sheldon granted “a short period of interim relief” so the man can present evidence to support his claim that he is a victim of human trafficking.Lawyers for Home Secretary Shabana Mahmood argued that the man, who can’t be identified for legal reasons, could and…

Chery Automobile, China’s second-largest carmaker by volume, aims to raise as much as HK$9.14 billion (US$1.2 billion) through a Hong Kong stock offering, joining a wave of mainland companies tapping into strong investor sentiment in the electric vehicle (EV) sector.China’s second-biggest carmaker said it would offer 297.4 million shares priced between HK$27.75 and HK$30.75, with the final offer price to be determined on September 23, according to a filing with the Hong Kong stock exchange on Wednesday. The company could issue an additional 44.61 million shares if an overallotment option were fully exercised.About 10 per cent of the H-share offering…

Chery Automobile, China’s second-largest carmaker by volume, aims to raise as much as HK$9.14 billion (US$1.2 billion) through a Hong Kong stock offering, joining a wave of mainland companies tapping into strong investor sentiment in the electric vehicle (EV) sector.China’s second-biggest carmaker said it would offer 297.4 million shares priced between HK$27.75 and HK$30.75, with the final offer price to be determined on September 23, according to a filing with the Hong Kong stock exchange on Wednesday. The company could issue an additional 44.61 million shares if an overallotment option were fully exercised.About 10 per cent of the H-share offering…

The Chinese reusable rocket race is heating up, with two start-ups and a state-owned developer all aiming for orbital launches by year’s end. If successful, they could help to ease a growing mismatch between China’s limited rocket supply and surging demand.On Monday, Beijing-based Space Pioneer completed a full-scale test of the first stage of its 72 metre (236 feet) partially reusable Tianlong-3 rocket from an offshore platform in the eastern province of Shandong.The 35-second burn involved nine Tianhuo-12 engines firing together to produce nearly 1,000 tonnes of thrust in “the most complex and challenging ground trial in rocket development”, according…

For the first time in a quarter-century of independent prosecutions, a sitting South Korean lawmaker has been arrested amid a corruption scandal that has shaken the nation’s political and religious establishments to their core.Kweon Seong-dong – a towering figure in the conservative People Power Party and a close confidant of impeached former president Yoon Suk-yeol – has been detained on charges of accepting illicit funds from the Unification Church.Kweon, a five-term lawmaker and former floor leader, was taken into custody on Tuesday after the Seoul Central District Court granted an arrest warrant, citing concerns over the possible destruction of evidence.His…

Technology companies led a rise in Hong Kong stocks on Wednesday while investors awaited the Federal Reserve’s rate decision and eyed Friday talks between US President Donald Trump and Chinese President Xi Jinping for fresh catalysts.The Hang Seng Index added 0.7 per cent to 26,624.17 as of 9.55am local time, on track for the highest close since August 11, 2021. The Hang Seng Tech Index added 2.1 per cent. On the mainland, the CSI 300 Index lost 0.1 per cent, while the Shanghai Composite Index added 0.1 per cent.Search-engine giant Baidu jumped 10 per cent to HK$124.80, and food-delivery service…

Hong Kong stocks rose on Wednesday, led by technology firms, as investors bet on artificial intelligence innovations while the policy address by Chief Executive John Lee Ka-chiu boosted sentiment for supportive measures.The Hang Seng Index rose 1.4 per cent to 26,812.19 as of the noon trading break, on track for the highest close since July 23, 2021. The Hang Seng Tech Index jumped 3.5 per cent. On the mainland, the CSI 300 Index advanced 0.6 per cent, while the Shanghai Composite Index added 0.4 per cent.Search-engine giant Baidu soared 15.9 per cent to HK$131.20 after global equity research firm Arete…

China is likely to see a bumper surge in travel bookings for the coming “golden week” holiday – one of the country’s most important travel periods of the year – providing a much-needed boost to consumer spending.Early data from Chinese travel operators shows strong demand for both domestic and international trips over the eight-day public holiday beginning on October 1, which combines the Mid-Autumn Festival and National Day.The figures indicate that rail, flight and car rental bookings could rise compared with last year’s golden week as China’s consumers increasingly prioritise spending on services and cultural experiences.China’s railways are expected to…