Malaysia has deployed police to dozens of petrol stations along its borders as it moves to stop subsidised fuel from leaking out of the country, with the government linking the tougher enforcement to a global energy crunch triggered by the Iran war. The Southeast Asian nation shares borders with Thailand, Singapore, Indonesia and Brunei. Police said 36 petrol stations had been classified as “hotsp...
Malaysia has deployed police to dozens of petrol stations along its borders as it moves to stop subsidised fuel from leaking out of the country, with the government linking the tougher enforcement to a global energy crunch triggered by the Iran war. The Southeast Asian nation shares borders with Thailand, Singapore, Indonesia and Brunei. Police said 36 petrol stations had been classified as “hotspots” and another 55 as high-risk locations. The deployments began at 6am on Wednesday across Perlis,...
Zhou Xianwang. Photo: VCG Zhou Xianwang, the former mayor of Wuhan who drew global scrutiny for his handling of the initial Covid-19 outbreak in 2020, has been indicted on bribery charges. The Supreme People’s Procuratorate announced Thursday that the National Commission of Supervision had concluded its investigation. Prosecutors in Shangqiu, a city in the central province of Henan, have formally ...
Zhou Xianwang. Photo: VCG Zhou Xianwang, the former mayor of Wuhan who drew global scrutiny for his handling of the initial Covid-19 outbreak in 2020, has been indicted on bribery charges. The Supreme People’s Procuratorate announced Thursday that the National Commission of Supervision had concluded its investigation. Prosecutors in Shangqiu, a city in the central province of Henan, have formally filed charges against Zhou with the local intermediate court.
Sumala Chidchoi Amazon ( AMZN )-backed nuclear startup X-energy ( XE ) has filed for a U.S. initial public offering targeting up to $800M. The Maryland-based company plans to sell roughly 42.9M shares priced between $16 and $19 each, implying potential top-end proceeds of about $814M, its SEC filing showed. The company is targeting a valuation close to $7.5B. Backed by Amazon ( AMZN ) , which prev...
Sumala Chidchoi Amazon ( AMZN )-backed nuclear startup X-energy ( XE ) has filed for a U.S. initial public offering targeting up to $800M. The Maryland-based company plans to sell roughly 42.9M shares priced between $16 and $19 each, implying potential top-end proceeds of about $814M, its SEC filing showed. The company is targeting a valuation close to $7.5B. Backed by Amazon ( AMZN ) , which previously led a $500M funding round, X-energy is positioning itself to benefit from surging electricity demand driven by AI data centers and broader electrification trends. The e-commerce giant has also committed to purchasing up to 5 gigawatts of nuclear power from the company by 2039. The listing, expected on Nasdaq under the ticker “XE,” is being led by major banks, including JPMorgan, Morgan Stanley, Jefferies, and Moelis. Founded in 2009, X-energy develops small modular reactors (SMRs) and advanced nuclear fuel, aiming to deliver safer and more cost-effective alternatives to traditional nuclear plants. X-Energy had earlier pursued a public listing through a SPAC backed by Ares Management in 2023, but ultimately scrapped those plans due to unfavorable market conditions. Cathie Wood-led ARK Investment Management ( ARKK ) and its affiliates have expressed interest in purchasing up to $105 million worth of shares in X-Energy ’s planned IPO, according to a Reuters report. More on Amazon, X-Energy, Inc. Amazon: My Top 8 Reasons To Buy Amazon: A Once-In-A-Generation Opportunity That's Not Priced In Amazon: Zoox Enters The Robo Taxi Race, Jassy On Growth And Anthropic Mythos Lumen Technologies providing network connectivity to AWS AI capex ROI becomes key 2026 test for hyperscalers - Investing Experts
Sumala Chidchoi Amazon ( AMZN )-backed nuclear startup X-energy ( XE ) has filed for a U.S. initial public offering targeting up to $800M. The Maryland-based company plans to sell roughly 42.9M shares priced between $16 and $19 each, implying potential top-end proceeds of about $814M, its SEC filing showed. The company is targeting a valuation close to $7.5B. Backed by Amazon ( AMZN ) , which prev...
Sumala Chidchoi Amazon ( AMZN )-backed nuclear startup X-energy ( XE ) has filed for a U.S. initial public offering targeting up to $800M. The Maryland-based company plans to sell roughly 42.9M shares priced between $16 and $19 each, implying potential top-end proceeds of about $814M, its SEC filing showed. The company is targeting a valuation close to $7.5B. Backed by Amazon ( AMZN ) , which previously led a $500M funding round, X-energy is positioning itself to benefit from surging electricity demand driven by AI data centers and broader electrification trends. The e-commerce giant has also committed to purchasing up to 5 gigawatts of nuclear power from the company by 2039. The listing, expected on Nasdaq under the ticker “XE,” is being led by major banks, including JPMorgan, Morgan Stanley, Jefferies, and Moelis. Founded in 2009, X-energy develops small modular reactors (SMRs) and advanced nuclear fuel, aiming to deliver safer and more cost-effective alternatives to traditional nuclear plants. X-Energy had earlier pursued a public listing through a SPAC backed by Ares Management in 2023, but ultimately scrapped those plans due to unfavorable market conditions. Cathie Wood-led ARK Investment Management ( ARKK ) and its affiliates have expressed interest in purchasing up to $105 million worth of shares in X-Energy ’s planned IPO, according to a Reuters report. More on Amazon, X-Energy, Inc. Amazon: My Top 8 Reasons To Buy Amazon: A Once-In-A-Generation Opportunity That's Not Priced In Amazon: Zoox Enters The Robo Taxi Race, Jassy On Growth And Anthropic Mythos Lumen Technologies providing network connectivity to AWS AI capex ROI becomes key 2026 test for hyperscalers - Investing Experts
Earnings Call Insights: Traws Pharma (TRAW) Q4 2025 Management View "This morning, Traws announced a private financing of $60 million," said CEO Dr. Iain Dukes, adding that the capital "positions Traws to advance the flu program through a human challenge study this summer while providing access to additional capital as we achieve further key milestones." (CEO, Secretary & Director Iain Dukes) "We ...
Earnings Call Insights: Traws Pharma (TRAW) Q4 2025 Management View "This morning, Traws announced a private financing of $60 million," said CEO Dr. Iain Dukes, adding that the capital "positions Traws to advance the flu program through a human challenge study this summer while providing access to additional capital as we achieve further key milestones." (CEO, Secretary & Director Iain Dukes) "We will prioritize development of tivoxavir as a once-monthly prophylactic agent for influenza prevention," Dukes said, describing tivoxavir marboxil as "an exciting next-generation investigational influenza antiviral" and adding, "We believe tivoxavir is well positioned to become a best-in-class once-monthly oral prophylactic agent with additional potential for pandemic flu, including H5N1 bird flu." (CEO Dukes) Dukes said the company intends to start the U.K. challenge study after regulatory clearance: "We intend to initiate the study this summer once we have approval received from the Medicines and Healthcare Products and Regulatory Agency... in the U.K." He also highlighted formulation work: "Data from preclinical studies show a 30% increase in exposure with this new formulation" and said the company is running "a Phase I bridging study in Australia to confirm the extended exposure." (CEO Dukes) "FDA recently informed us that our IND filing has been placed on clinical hold due to concerns for the toxicology data package," Dukes said, adding, "We are actively engaging with the FDA to address its concerns and resolve the clinical hold as expeditious as possible with the goal of advancing the program in the U.S. in late 2026." (CEO Dukes) "This morning, Traws announced the completion of a private financing that provides up to $60 million in potential gross proceeds," CFO Charles Parker said, detailing that the private placement includes "$10 million upfront" plus milestone-based and common warrants, and adding, "Based on our current plans, the company believes that its curren...
A number of stocks fell in the afternoon session after a major U.S. wafer-fab equipment company disclosed an expected revenue headwind for fiscal 2026 tied to an export-control update from the Bureau of Industry and Security (BIS).
A number of stocks fell in the afternoon session after a major U.S. wafer-fab equipment company disclosed an expected revenue headwind for fiscal 2026 tied to an export-control update from the Bureau of Industry and Security (BIS).
Kristin Olson, Global Head of Alternatives for Wealth at Goldman Sachs, says institutional investment in private credit remains steady, even as misinformation has pressured the market's redemption windows. She speaks on Bloomberg's The China Show. (Source: Bloomberg)
Kristin Olson, Global Head of Alternatives for Wealth at Goldman Sachs, says institutional investment in private credit remains steady, even as misinformation has pressured the market's redemption windows. She speaks on Bloomberg's The China Show. (Source: Bloomberg)
Asian stocks mostly gained while oil prices rose on Thursday as investors were closely watching prospects of a ceasefire extension in the Iran war and more talks between the U.S. and Iran. Tokyo’s Nikkei 225 closed 2.4% higher at 59,518.34, reaching an all-time high and recovering from its earlier losses since the start of the Iran war. While economists say China has largely shrugged off the initi...
Asian stocks mostly gained while oil prices rose on Thursday as investors were closely watching prospects of a ceasefire extension in the Iran war and more talks between the U.S. and Iran. Tokyo’s Nikkei 225 closed 2.4% higher at 59,518.34, reaching an all-time high and recovering from its earlier losses since the start of the Iran war. While economists say China has largely shrugged off the initial impacts of the Iran war, some are warning its massive export engine could be hit more significantly in the coming months on slower global economic growth.
ACG Metals Founder, Chairman and CEO Artem Volynets argues that gold thrives on market volatility, a trend he sees lasting as long as Donald Trump in in the White House. He speaks exclusively on Bloomberg's The China Show. (Source: Bloomberg)
ACG Metals Founder, Chairman and CEO Artem Volynets argues that gold thrives on market volatility, a trend he sees lasting as long as Donald Trump in in the White House. He speaks exclusively on Bloomberg's The China Show. (Source: Bloomberg)
US President Donald Trump said Wednesday that leaders of Israel and Lebanon will speak Thursday, after they held a high-level face-to-face meeting in Washington Tuesday – the first such negotiation since 1993. “Trying to get a little breathing room between Israel and Lebanon. It has been a long time since the two leaders have spoken, like 34 years. It will happen tomorrow,” Trump wrote on Truth So...
US President Donald Trump said Wednesday that leaders of Israel and Lebanon will speak Thursday, after they held a high-level face-to-face meeting in Washington Tuesday – the first such negotiation since 1993. “Trying to get a little breathing room between Israel and Lebanon. It has been a long time since the two leaders have spoken, like 34 years. It will happen tomorrow,” Trump wrote on Truth Social without specifying who will be involved or offering further details. Lebanon was pulled into...
undefined China’s economy grew faster than expected at the start of 2026, but persistent deflationary pressures and a softening labor market highlighted underlying fragility despite solid industrial output. GDP expanded 5% year-on-year in the first quarter, exceeding the 4.8% average forecast in a Caixin survey . On a quarter-on-quarter basis, growth edged up to 1.3%, slightly faster than the prev...
undefined China’s economy grew faster than expected at the start of 2026, but persistent deflationary pressures and a softening labor market highlighted underlying fragility despite solid industrial output. GDP expanded 5% year-on-year in the first quarter, exceeding the 4.8% average forecast in a Caixin survey . On a quarter-on-quarter basis, growth edged up to 1.3%, slightly faster than the previous quarter, official data showed Thursday. China’s First-Quarter GDP Accelerates The stronger headline figure offers some relief to investors tracking the world’s second-largest economy, but the recovery remains uneven.
Yardeni Research President Ed Yardeni says investors are looking past the war in the Middle East, treating the conflict as if it is over for the time being and focusing on market fundamentals. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Yardeni Research President Ed Yardeni says investors are looking past the war in the Middle East, treating the conflict as if it is over for the time being and focusing on market fundamentals. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)