(RTTNews) - Kyorin Pharmaceutical Co., Ltd. (4569.T), has entered into a licensing agreement with UBE Corp. (UBEOF, 4208.T) for novel drug candidates discovered by UBE, securing exclusive worldwide rights to develop, manufacture, and commercialize the compounds. The agreement includes an upfront payment from Kyorin to UBE, while financial terms were not disclosed. The company said that the UBE wil...
(RTTNews) - Kyorin Pharmaceutical Co., Ltd. (4569.T), has entered into a licensing agreement with UBE Corp. (UBEOF, 4208.T) for novel drug candidates discovered by UBE, securing exclusive worldwide rights to develop, manufacture, and commercialize the compounds. The agreement includes an upfront payment from Kyorin to UBE, while financial terms were not disclosed. The company said that the UBE will be eligible to receive development and regulatory milestone payments tied to progress and approvals, as well as commercial milestone payments based on net sales targets. Royalties on future net sales are also included. The collaboration aims to combine UBE's compound discovery strengths with KYORIN's development expertise to accelerate the delivery of new treatment options for patients with unmet medical needs. Kyorin Pharma is currently trading, 1.71% lesser at JPY 1,605 on the Tokoyo Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
PashaIgnatov/iStock via Getty Images South Korean stocks dropped sharply on Monday, with the KOSPI (KOSPI) experiencing major losses, mainly due to worries about a possible hawkish policy change after Shin Hyun-song became Bank of Korea Governor and escalating Middle East tensions rattled investors. The decision follows the rapidly deteriorating situation in the Strait of Hormuz, with a 48-hour co...
PashaIgnatov/iStock via Getty Images South Korean stocks dropped sharply on Monday, with the KOSPI (KOSPI) experiencing major losses, mainly due to worries about a possible hawkish policy change after Shin Hyun-song became Bank of Korea Governor and escalating Middle East tensions rattled investors. The decision follows the rapidly deteriorating situation in the Strait of Hormuz, with a 48-hour countdown to possible U. S. military action causing a sell-order frenzy. The benchmark KOSPI index fell 5.8% to 5,409.17 points due to rising borrowing costs and crude oil prices above $110. The South Korean won followed the KOSPI’s descent, weakening to 1,508 against the U.S. dollar—its lowest level since the 2008 global financial crisis.. South Korean industrial and tech giants: Samsung Electronics ( SSNLF ) fell 5.0%; SK Hynix ( HXSCL ) retreated 5.56%; Hyundai Motor dropped 4.09% South Korean President Lee Jae-myung has appointed Shin Hyun-song as the next Governor of the Bank of Korea (BOK). A veteran economist renowned for predicting the 2008 global financial crisis, Shin currently serves as the Head of Research at the Bank for International Settlements (BIS). He is set to succeed Rhee Chang-yong when his term concludes on April 20. Shin is expected to pursue a 'balanced' policy framework aimed at stabilizing inflation and growth amidst the severe economic volatility triggered by the escalating U.S.-Iran conflict. More on South Korea markets: Did South Korea Just Pop The AI Bubble? Forget Iran, South Korea Is The Real Threat To Markets Surviving 'Epic Fury' And The Asian Stock Market Crash Japan, South Korea vow to fight forex volatility Hormuz blockade: How countries are responding to the global energy crisis
tupungato/iStock Editorial via Getty Images By Min Joo Kang , Senior Economist, South Korea and Japan Our initial assessment of his policy stance is leaning hawkish On Sunday, the government announced Shin Hyun-Song as its nominee for the governor of the Bank of Korea. Shin, currently serving as an economic advisor at the Bank for International Settlements, has experience in both academia and poli...
tupungato/iStock Editorial via Getty Images By Min Joo Kang , Senior Economist, South Korea and Japan Our initial assessment of his policy stance is leaning hawkish On Sunday, the government announced Shin Hyun-Song as its nominee for the governor of the Bank of Korea. Shin, currently serving as an economic advisor at the Bank for International Settlements, has experience in both academia and policymaking. Though his views will come into closer view at the parliamentary confirmation hearing, Shin’s past remarks, coupled with Korea’s macroeconomic conditions, suggest he will take a relatively hawkish policy stance. Previously, he’s stressed the need for preemptive and firm action to prevent inflation, excessive lending, and financial imbalances. Shin has characterised household debt as a consequence of excessive liquidity and as a potential threat to the economy's underlying fundamentals. Although government initiatives help stabilise inflation in the short term, pressures continue to build. The depreciation of the won amid increasing oil prices is likely to intensify inflationary pressures. Additionally, persistently high household debt levels are among the factors suggesting the new governor may implement interest rate hikes earlier than markets anticipated. We expect a July hike as base case but sooner is possible depending on Middle East situation Government initiatives are helping stabilise inflation in the short term, giving the BoK some time. However, upside risks are growing as the war persists. The depreciation of the won amid increasing oil prices is likely to intensify inflation risks. Thus, we expect Shin to be inclined to implement preemptive measures, most likely in July. With the possibility still low for now, we believe a May hike is not completely off the table if the Middle East situation worsens. We will monitor BoK’s forward guidance at April’s meeting and compare it with February to see how the board’s view has changed. If approved by parliament,...
Enterprise software stocks have come under pressure in 2026 as investors question whether artificial intelligence (AI) could disrupt traditional software-as-a-service (SaaS) models. One of the stocks most adversely affected is Salesforce (CRM +0.20%), with its share price down over 26.6% so far this year (as of March 18). Salesforce's fiscal 2026 (ending Jan. 31, 2026) revenue was up 10% year over...
Enterprise software stocks have come under pressure in 2026 as investors question whether artificial intelligence (AI) could disrupt traditional software-as-a-service (SaaS) models. One of the stocks most adversely affected is Salesforce (CRM +0.20%), with its share price down over 26.6% so far this year (as of March 18). Salesforce's fiscal 2026 (ending Jan. 31, 2026) revenue was up 10% year over year to $41.5 billion. The company also exited the year with $72.4 billion in remaining performance obligations (RPO, contracted revenue yet to be recognized). Of that, the current RPO (expected to be recognized in the next 12 months) was $35.1 billion, up 16% year over year. Hence, it is obvious that the company continues to secure long-term customers and projects, even as the market debates whether AI could weaken traditional software vendors. Growth tailwinds While Wall Street remains concerned about Salesforce's maturing growth, recent data suggests that the company may be entering a new phase of AI-powered expansion. For the fourth quarter, the company reported a 26% increase in deals worth over $1 million and 33% increase in deals exceeding $10 million on a year-over-year basis. Expand NYSE : CRM Salesforce Today's Change ( 0.20 %) $ 0.39 Current Price $ 195.38 Key Data Points Market Cap $180B Day's Range $ 190.00 - $ 195.67 52wk Range $ 174.57 - $ 296.05 Volume 20M Avg Vol 12M Gross Margin 75.28 % Dividend Yield 0.85 % Salesforce's Agentforce platform, which enables businesses to build, manage, and deploy AI agents to perform various tasks, is also scaling rapidly. Combined with its Data 360 offering, a cloud-native data platform that unifies and organizes enterprise data, these products have already reached $2.9 billion in annual recurring revenue (ARR), up 200% year over year. Agentforce alone reached about $800 million in ARR, up 169% year over year. Additionally, more than 60% of Agentforce and Data 360 bookings were from existing customers, highlighting the suc...
The Iran war has raised the risk of a sharp slowdown across Gulf economies, especially if disruption to the Strait of Hormuz continues. Goldman Sachs says Qatar and Kuwait could see deep contractions in a prolonged conflict, with Saudi Arabia and the UAE also facing slower growth. Farouk Soussa, MENA Senior Economist at Goldman Sachs spoke to Bloomberg's Horizons Middle East and Africa anchor Joum...
The Iran war has raised the risk of a sharp slowdown across Gulf economies, especially if disruption to the Strait of Hormuz continues. Goldman Sachs says Qatar and Kuwait could see deep contractions in a prolonged conflict, with Saudi Arabia and the UAE also facing slower growth. Farouk Soussa, MENA Senior Economist at Goldman Sachs spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the likely rebound from the GCC states post war. (Source: Bloomberg)
Robert vt Hoenderdaal/iStock Editorial via Getty Images Amid a volatile stock market grappling with an AI technological revolution and a massive supply shift in the oil markets, I continue to believe that 2026 is a ripe market for stock picking. Plenty of industries are facing macro-driven headwinds, while a few standouts within them are standing as hidden gems. Domino's Pizza ( DPZ ), in my view,...
Robert vt Hoenderdaal/iStock Editorial via Getty Images Amid a volatile stock market grappling with an AI technological revolution and a massive supply shift in the oil markets, I continue to believe that 2026 is a ripe market for stock picking. Plenty of industries are facing macro-driven headwinds, while a few standouts within them are standing as hidden gems. Domino's Pizza ( DPZ ), in my view, is one of the outstanding outliers in a very challenged restaurant industry that investors have mostly fled from. The quick-service pizza chain, renowned nationally throughout the U.S. and expanding quickly overseas as well, has seen its share price tumble more than 10% since January and ~20% over the past year, despite same-store sales growth trends that track well above peers. Data by YCharts I last wrote a "Buy" article on Domino's in November, when the stock was trading at $410 per share. Since then, Domino's has fallen roughly ~10%. At the same time, all fundamental indicators from the company are positive. Same-store sales growth held up especially well in the holiday quarter, with the company also pointing to healthy trends ahead in 2026. The company continues to showcase strong margins in its critical supply chain business (which supplies its vast franchise partner network). And while Domino's is far from a value stock, it trades at a very attractive price relative to its growth profile. I'm reiterating my "Buy" rating here. The first item we should discuss: Domino's recently approved a dividend increase, boosting its quarterly yield by 15% to $1.99. Domino's dividend (Domino's Q4 earnings release) And though we note that Domino's current yield at 2.1% isn't anything to write home about, a dividend boost is certainly a signal of confidence in a choppy macro in which many restaurants are struggling. Another point to drive home is that Domino's continues to win market share both at home and in international markets. In FY25, the company notes that it grew same-store ...
Myanmar’s military government is stepping up fuel rationing by implementing a system of barcodes and QR codes to determine how much customers can buy as the Middle East war accelerates fears of shortages. Under the program, which begins nationwide next week, customers will be allowed to buy fuel once or twice a week depending on the size of their vehicle engines, the Ministry of Energy said in a s...
Myanmar’s military government is stepping up fuel rationing by implementing a system of barcodes and QR codes to determine how much customers can buy as the Middle East war accelerates fears of shortages. Under the program, which begins nationwide next week, customers will be allowed to buy fuel once or twice a week depending on the size of their vehicle engines, the Ministry of Energy said in a statement Monday. The government earlier this month imposed driving restrictions for private vehicles as a way to preserve petrol. Read More: Myanmar to Curb Private Vehicle Use as Fuel Shortages Emerge A shortage of jet fuel, meanwhile, has led several airlines in Myanmar to temporarily halt domestic routes, Eleven Myanmar reported on its website. Barcodes on certificates for automobiles, trucks and motorcycles will provide data for QR codes that will determine how much fuel can be purchased, according to the ministry. Filling stations in major cities including Yangon and Naypyidaw initiated the barcode system March 12. Long-distance drivers can purchase fuel at filling stations along highways or in distant cities by presenting a receipt of fuel purchased earlier, the ministry said. Soaring fuel prices and speculation about shortages have led to long queues at gas stations in most cities. The ruling junta directed government employees to work remotely every Wednesday from March 25. The Myanmar Rice Federation is urging mills and farmers to conserve fuel while encouraging the use of solar power. The energy ministry said Myanmar has stockpiled 50 days’ worth of fuel and is arranging to import more through alternative channels. The central bank said it sold US dollars — a total of $96 million — at a lower rate to oil companies this month, making it easier for them to purchase fuel overseas.
Photo: VCG China has published a draft of its first overarching financial law, in a move to create a unified regulatory framework and close gaps in oversight across the financial system. The draft, released Friday for public comment by multiple top regulators, including the central bank and securities watchdog, sets out 95 articles covering a wide range of financial activities.
Photo: VCG China has published a draft of its first overarching financial law, in a move to create a unified regulatory framework and close gaps in oversight across the financial system. The draft, released Friday for public comment by multiple top regulators, including the central bank and securities watchdog, sets out 95 articles covering a wide range of financial activities.
Miner Fortescue Ltd . expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market, Chief Executive Officer Dino Otranto said in an interview. Speaking on Bloomberg Television, Otranto said state-backed iron ore buyer China Mineral Resources Group Co. had told him from the start that it wanted...
Miner Fortescue Ltd . expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market, Chief Executive Officer Dino Otranto said in an interview. Speaking on Bloomberg Television, Otranto said state-backed iron ore buyer China Mineral Resources Group Co. had told him from the start that it wanted better terms, and to bring in more investment. “The message was very clear. We procure all of your iron ore; You get all your money from the US, you get all your equipment from the US. We need to look at opening up that relationship,” he said on the sidelines of the China Development Forum. Otranto added that Fortescue had already taken significant steps to source equipment from Chinese suppliers, including by placing a large order for trucks . Last August, the company also secured a 14.2 billion yuan ($2 billion) loan from lenders including mainland banks , in an effort to diversify away from the US. This could position Fortescue as a “unique offering in the market compared to some of our peers,” Otranto said. CMRG has disrupted the global iron ore market with its effort to increase the clout of the world’s top consuming nation. It has been locked in months of pricing negotiations with BHP Group , a dispute that has resulted in steel mills being told to halt purchases of certain types of ore produced by the miner. Fortescue and Rio Tinto Group have already switched the index they use to price some of its iron ore contracts under agreements with CMRG.
Chinese scientists have discovered a way to turn cheap coal into valuable ingredients for medicine. This was once a long and difficult process, but now they have found a surprising short cut. In a study published on March 16 in the journal Nature, Jiao Ning’s team at Peking University solved a chemical puzzle that had confounded scientists for over 160 years. They successfully transformed inexpens...
Chinese scientists have discovered a way to turn cheap coal into valuable ingredients for medicine. This was once a long and difficult process, but now they have found a surprising short cut. In a study published on March 16 in the journal Nature, Jiao Ning’s team at Peking University solved a chemical puzzle that had confounded scientists for over 160 years. They successfully transformed inexpensive and readily available industrial feedstock – olefins – into high-value alkynes under mild and efficient conditions. This breakthrough not only revolutionises the concepts of molecular synthesis but also opens a gateway for China’s coal-based chemical industry to venture into the production of high-value-added fine chemicals. Advertisement This exemplifies the strategic thinking that has guided China’s chemical industry in recent years: without needing more oil , China’s chemical industry can improve and create more value through new ideas. To grasp the significance of this achievement, one must first understand two fundamental building blocks of organic chemistry: olefins and alkynes. Advertisement