
Hengrui Pharma Gets China Regulator's Nod for Hong Kong Share Sale
The Shanghai-listed company plans to issue up to 815 million shares in Hong Kong, Hengrui said in an exchange filing Monday. The sale could occur as soon as this year, people familiar with the matter have said.

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Tesla misses Wall Street expectations on revenue, earnings per share in second quarter earnings
Tesla's second quarter earnings signaled the company continues to go through a difficult patch, with both revenue and adjusted earnings per share missing the average Wall Street estimates. Revenue was $22.5 billion, down approximately 12% year over year, the sharpest decline in at least a decade. Adjusted earnings per share was 40 cents, down from 52 cents a year ago. Analysts, on average, had forecast revenue between $22.62 billion and $22.64 billion and adjusted EPS of $0.41 to $0.42 per share, with Tesla below the midpoint on each. Tesla's double-digit percentage revenue decline was primarily attributed to the ongoing slump in vehicle deliveries. Improved energy storage deployments and new service offerings provided minor offsets, but could not outweigh the hit from lagging car sales and persistent price competition across the electric vehicle industry. Operating income also fell significantly, coming in at $923 million, which was below consensus estimates of $1.23 billion. Net income dropped year over year as margins continued to shrink, pressured by lower average selling prices, higher raw material costs, and global trade headwinds. Tesla had previously reported deliveries of more than 384,000 vehicles in the quarter—a drop of more than 13% from the previous year—with production holding steady at just over 410,000 vehicles. This marks the second quarter in a row of reduced year-over-year deliveries. Wall Street had entered the earnings week with tepid expectations, citing declining sales, compressed margins, and elevated spending on research and development as factors dampening short-term prospects. While Tesla's results were slightly weaker than forecast, shares saw only a modest uptick in after-hours trading, as investors focused on the company's long-term ambitions rather than current sales struggles. Robotaxi, AI, and a new affordable model Tesla's leadership used the earnings release to reaffirm its pivot toward next-generation technologies. CEO Elon Musk highlighted the launch of Tesla's first Robotaxi pilot service in Austin, along with vague remarks related to the ongoing development of a long-rumored 'more affordable' Tesla model. Musk signaled that, amid stiffer automotive competition, Tesla's strategy increasingly centers on breakthroughs in autonomy, artificial intelligence, and energy solutions as pillars for future growth. Multiple challenges continue to weigh on Tesla, including expiring U.S. electric vehicle tax credits in October 2025, ongoing trade disputes and tariffs affecting costs and global supply, and intensifying competition from established automakers and Chinese EV brands. More generally, the brand has growing reputational issues associated with Musk and his support of President Donald Trump, even after the two had a falling out that coincided with fierce criticism of each upon the other. During Musk's brief role helping the administration, his sometimes successful attempts at slashing government spending provoked ire from much of Tesla's traditional customer base, with environmentalist and left-leaning politics. Other investors said they wished the distraction would go away. For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. This story was originally featured on
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an hour ago
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China's premier tells EU leaders 'we can't afford' massive industrial subsidies
Chinese Premier Li Qiang dismissed EU fears over Beijing's allegedly excessive subsidies to its industry, telling the bloc's leaders "we can't afford it" in markedly candid remarks during a tense summit. Speaking during a roundtable with EU chief Ursula von der Leyen on Thursday, Li insisted that "China is by no means doing what some call a subsidies policy or fiscal subsidies". "China is not as rich as Europe, and we can't afford it," he said. "We would not be stupid enough to use the fiscal funds accumulated through the government and the hard work of our people to sell our products to foreign consumers," Li added. Von der Leyen and European Council President Antonio Costa were in Beijing on Thursday for a summit dominated by tensions between the EU and China over trade and Russia's war in Ukraine. Chief among the bloc's concerns was its yawning trade deficit with China, which stood at around $360 billion last year. The EU has also raised fears that Beijing's vast subsidies to its industry could help it undercut European competitors with a flood of cheap exports to the continent. Li, China's number two official, rejected those claims in a roundtable with the EU's leadership. "Some enterprises, especially manufacturing enterprises, feel more deeply that China's manufacturing capabilities are too strong, and Chinese people are too hardworking," the Chinese premier said. "Factories run 24 hours a day," he said. "Some people think this will cause some new problems in the balance of supply and demand in world production," the Chinese premier said, admitting: "We see this problem too." Li also rejected claims the Chinese economy -- plagued by sluggish growth for years now -- was in dire straits. "Of course, there are difficulties and challenges, but it is difficult for us to say that China's economy is in a downturn," he said. "Our GDP growth rate is always above five percent," he insisted. ll-mjw-oho/je/tym


Time Business News
an hour ago
- Time Business News
Is FOREX.com Reliable? BrokerHive's Comprehensive Overview of This Long-Standing Forex Trading Platform
In a global financial landscape that's constantly evolving, traders are becoming increasingly selective when it comes to execution speed, platform transparency, and regulatory reliability. a long-standing player in the forex and contracts-for-difference (CFD) space, has garnered the trust of millions of users worldwide with its broad product coverage and strong compliance credentials. In this BrokerHive review, we take an impartial look at offerings, combining regulatory data and user feedback to give you a comprehensive breakdown of what this platform gets right—and what type of trader it may be best suited for. 1. The Journey of Over Two Decades of Experience and Global Regulatory Coverage Founded in 2001, was launched as the flagship brand of GAIN Capital[1] , and today operates as a subsidiary of NASDAQ-listed StoneX Group Inc. (Ticker: SNEX)[2] . With over 20 years of experience, it has built a solid international client base and operates under licenses from several tier-1 regulators, including the CFTC/NFA (U.S.), FCA (UK), and ASIC (Australia). Across third-party platforms, maintains generally positive user sentiment, with many traders citing its platform stability, fast order execution, and responsive customer support. As one of the top-performing brokers on the BrokerHive leaderboard, it consistently receives recognition for regulatory transparency and operational consistency. 2. A Well-Rounded Trading Ecosystem: What Offers has developed a robust trading environment tailored to meet the needs of traders across experience levels: Trade over 80 currency pairs, global indices (e.g., S&P 500, NASDAQ), commodities including gold and oil, individual equities via CFDs, and major cryptocurrencies. The product diversity is designed to support varied strategies and risk appetites. Users can choose between proprietary trading platforms (desktop and web), or seamlessly integrate with MetaTrader 4/5 and TradingView—ideal for both discretionary and algorithmic traders. Leverage varies by jurisdiction but can go up to 1:200. Spreads on major pairs are competitive, starting from as low as 0.8 pips. Market Research & Education offers an extensive library of structured learning modules, real-time market commentary, and in-house analyst insights—providing users with both macro perspectives and technical breakdowns. Account Types and Customer Support Choose from standard accounts, commission-based accounts, or demo accounts. Multilingual customer service is available 24 hours a day during trading weekdays to accommodate users across time zones. 3. FAQ from Beginner: Funding, Withdrawals & Account Details Minimum Deposit The minimum initial deposit is 100 units of your account's base currency. However, a starting balance of 2,500 units is recommended for optimal flexibility in risk management and position sizing. How to Fund Your Account Log in to the client portal and navigate to the 'Funding' section. Note that third-party payments are not accepted, your name must match the name on the registered account. Available funding methods include: Bank Transfer (ACH): Up to $10,000 per transaction. Usually instantaneous. No fees from Wire Transfer: No upper limit; typically takes 1–5 business days. does not charge fees, but intermediary banks might. Debit Cards (Visa/MasterCard): Verification required. Deposits from $100 to $10,000 are accepted. does not charge, but card issuers may apply currency conversion or international transaction fees. Card Verification Requirement To comply with anti-money laundering regulations, verifies card ownership prior to use for deposits. Withdrawals Funds are returned using the same method as your original deposit, following this order of priority: Bank Transfer Debit Card Wire Transfer Additional accounts require documentation (e.g., a bank statement) to verify ownership. Demo Account Validity Demo accounts are active for 30 days post-registration and currently cannot be renewed. 4. How Does Stack Up Against Other Platforms? Here's how compares to other leading brokers, according to BrokerHive's internal data: Feature Other Major Brokers Regulatory Status CFTC/NFA, FCA, ASIC (multi-jurisdictional) FCA, CySEC (regional) Product Range Forex, indices, commodities, stocks, crypto Forex, indices, commodities Platform Access Proprietary platform, MT4/5, TradingView integration Mostly MT4 or basic in-house platforms Leverage & Spreads Up to 1:200, spreads from 0.8 pips Up to 1:100, spreads usually 1.2+ pips Education & Research Comprehensive resources + live analysis Mostly basic tutorials Customer Support 24/5 multilingual support 24/5, mostly English In short, stands out in terms of regulatory clarity, product diversity, and platform flexibility. Its integration with both MT4/5 and TradingView makes it especially appealing to traders who rely on deep charting tools or automated strategies. While some competitors may offer simpler onboarding experiences and leaner product suites, they often fall short on research, tool depth, and long-term scalability. For traders seeking a fully regulated platform with robust trading infrastructure, represents a more institutional-grade choice. If you prioritize ease of use and quick account setup, other mainstream brokers[3] may be worth exploring, but likely with trade-offs in platform capability. 5. BrokerHive Review – A Stable Performer with Regulatory Muscle currently holds a BrokerHive composite score[4] of 8.43 out of 10, ranking it #9 globally on our broker leaderboard. The score is based on four key metrics: Strong reviews for platform reliability, quick order execution, and clean interface design. Multilingual support teams are also a plus, particularly for non-English-speaking markets. With over two decades of operation and regulatory licenses in the U.S., UK, Japan, and Australia, has earned a strong reputation for credibility and transparency. From strategic partnerships to media engagement and educational initiatives, the brand continues to expand its footprint across both retail and institutional trading audiences. Regulated by top-tier authorities and equipped with strict AML and client fund segregation protocols, offers a high degree of investor protection—something especially important in volatile markets. BrokerHive is more than just a trading venue—it's an established global ecosystem designed to meet the evolving needs of traders at every stage. Whether you're a seasoned investor looking for execution quality and regulatory security, or a newer trader eager to grow with the support of structured learning tools and responsive service, delivers across the board. Its consistent performance in areas like compliance, stability, product scope, and cross-platform support makes it a compelling option in a market full of brokers making big promises. Add to that its transparent fee structures and reputation for integrity, and it's easy to see why continues to rank among the most trusted names in the business. At BrokerHive, we'll continue to monitor platform updates, regulatory shifts, and user feedback to help you stay ahead of the curve. Whether you're exploring new strategies or searching for a more reliable trading partner, our mission is to provide the clarity you need—so you can focus on what matters most: making smarter trading decisions. In the world of trading, choosing the right broker is the first real decision that counts. BrokerHive[6] is here to cut through the noise—delivering unbiased insights, verified reviews, and regulatory transparency to help you make choices you can trust. We track the industry, listen to real users, and highlight the platforms that actually deliver. Follow us for more platform reviews, industry updates, and insider perspectives—because in trading, every edge matters. · Visit our official website for more information: · Explore our broker solutions to get started: TIME BUSINESS NEWS