Li Ning, China’s biggest sportswear manufacturer, is seeking to raise HK$10.4 billion (US$1.35 billion) from a stock placement involving its major owner, triggering a sell-off at the same time after brokerage KGI Securities downgraded key players in the sector. The company proposed to issue 120 million new shares at HK$87.50 each to its major shareholder Viva China under a top-up stock issue, according to a Hong Kong stock exchange filing on Thursday. The proceeds will help fund an overseas expa
Irma Gomez has worked in California's Central Valley, one of the world's most productive agricultural regions, for nearly a decade -- but she has never experienced a year as hot as this one, so hot that a colleague collapsed and died in the fields.
Nuode Investment, a maker of foils for lithium ion batteries, has received a warning from the Shanghai Stock Exchange after an executive made a bet that he would commit hara-kiri if the company failed to meet a market-cap target. The Shenzhen-based firm, whose stock has surged this year, drew the regulator’s attention after vice general manager Chen Yubi posted on his personal WeChat account on Friday that he would commit the dramatic Japanese-style suicide should Nuode’s market value not increa
Japanese company A.L.I. Technologies has officially launched the XTURISMO Limited Edition, its hoverbike in development since 2017. With this new model it is betting on a bold vision of clean mobility, allowing users to move freely and quickly in the air in a unique way.
The Pentagon's top general said Wednesday that China's recent test of an earth-circling hypersonic missile was akin to the Soviet Union's stunning launch of the world's first satellite, Sputnik, in 1957, which sparked the superpowers' space race.
A man's claim to be the great-grandson of Sitting Bull has been confirmed using DNA taken from the Native American leader's scalp lock -- billed as the first time genetic evidence has corroborated a family relationship between a historic figure and a living descendant.