Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO
Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push
· Themis Qi
Follow the story
Business & Economy
A focused view of neutral reporting on Business & Economy, brought together across publishers.
Explore all topics →
Neutral reports only
Newest first · UTC+11:00Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO
Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push
· Themis Qi
Mang Inasal ranks among PH’s strongest brands in 2026 Brand Finance Report
Already have Rappler+? Sign in to listen to groundbreaking journalism.
· cmorales0331
Flagship de-risks Chile gold play after key recovery tests
Flagship Minerals has ticked off a major technical milestone at its flagship Isidora gold project in Chile, completing the metallurgical drilling and trenching needed for pilot-scale processing studies.
· Penny Taylor
Japan calls China Coast Guard moves in its EEZ near Yonaguni ‘unacceptable’
China Coast Guard vessels have been asserting Beijing’s claims to waters within Japan’s exclusive economic zone (EEZ) south of Okinawa Prefecture’s far-flung Yonaguni Island and east of Taiwan, Tokyo said Monday.
· Jesse Johnson
(LEAD) Lee unveils large-scale investment projects to spearhead chip, AI development
(ATTN: RECASTS headline; UPDATES throughout with more info)
· Park Boram
The 2026-27 Budget is pushing HKEX’s expansion in cross-border trading
Financial Secretary Paul Chan Mo-po’s measures include the Hong Kong Monetary Authority and CMU OmniClear studying updates to financial infrastructure across various asset classes
· Lee Hill-choi
The 2026-27 Budget is pushing HKEX’s expansion in cross-border trading
Financial Secretary Paul Chan Mo-po’s measures include the Hong Kong Monetary Authority and CMU OmniClear studying updates to financial infrastructure across various asset classes
· Lee Hill-choi
Binance's 50x Korea stock trades expose regulatory blind spot
Binance, the world's largest cryptocurrency exchange, is offering derivatives with leverage of up to 50 times on Samsung Electronics and SK hynix, raising concerns over investor protection and potential spillover risks for Korea's stock market.
· Choi Yeon-jae
Science ministry vows quadrillion-won investment in AI data centers
SEOUL, June 29 (Yonhap) -- South Korea will push for the investment of over a quadrillion won (US$650 billion) in the construction of artificial intelligence (AI) data centers by 2035, the science minister said Monday.
· Kang Jae-eun
(LEAD) S. Korea to build semiconductor cluster in southwestern region with 800 tln won in corporate investment
(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Eun-jung
· Kim Eun-jung
Israel approves NIS 360m five-year plan to transform Eilat into southern economic and tourism hub
The government approved a Five-Year Plan to develop Eilat and the Eilot Regional Council, an undertaking expected to involve around 20 government ministries and a budget of NIS 360 million.
· LEO FEIERBERG BETTER
Alternate route: China invests in Europe cargo corridor that avoids Russia, Middle East
Middle Corridor through Kazakhstan and across Caspian Sea would have transit time of 15 to 18 days, compared with 45 to 60 for ocean routes
· Ralph Jennings
Alternate route: China invests in Europe cargo corridor that avoids Russia, Middle East
Middle Corridor through Kazakhstan and across Caspian Sea would have transit time of 15 to 18 days, compared with 45 to 60 for ocean routes
· Ralph Jennings
Good for business – or profit at any cost? The controversial side of private equity – a visual explainer
While it can transform firms for better or worse, the use of private equity in essential services is attracting scrutiny. Here we examine some of its more contentious elements in the UK veterinary sector
Substack deepens Japan push as publishers fight for creators
Oki Ito, Substack's head of partnerships for Japan, says its global network will help Japanese creators reach new audiences. (Substack)
· TSUBASA SURUGA
Viking pockets up to $5M from asset sale to supercharge US tungsten
Viking Mines has pocketed up to $5 million after signing a binding agreement to divest 12 tenements encompassing its non-core First Hit gold project in Western Australia to ASX-listed explorer First Au.
· Murray Ward
‘We know the bloke’: Karl Stefanovic sponsor backs ousted broadcaster
A wellness supplement company that advertises on Karl Stefanovic’s new podcast has backed the embattled broadcaster after he was ousted by Nine following a string of incidents culminating in a controversial interview with British extreme right activist Tommy Robinson.
· Kishor Napier-Raman
S. Korea to build semiconductor cluster in southwestern region with 800 tln won in corporate investment
SEOUL, June 29 (Yonhap) -- South Korea plans to develop a new semiconductor production base in the country's southwestern region through 800 trillion won (US$517.9 billion) in corporate investments that will create four memory chip fabrication plants, Industry Minister Kim Jung-kwan said Monday.
· Kim Eun-jung
‘These companies want these laws to fail’: Wells says big tech flouts teen ban
Communications Minister Anika Wells has accused major social media companies of “taking the mickey” out of Australia’s world-first under-16 social media ban, unveiling tougher powers for the eSafety Commissioner as the Albanese government steps up its confrontation with big tech.
· Rob Harris, David Swan
Mirae Asset launches global investment platform MAPS in Hong Kong
Chairman Park Hyeon-joo calls Hong Kong debut start of Mirae Asset's next phase of global expansion
· Choi Yeon-jae
Premier blames inflation not corruption for Big Build cost blowout
Premier Jacinta Allan has sought to blame inflation, rather than CFMEU corruption and standover tactics, for a cost blowout on one of the signature projects she oversaw as the minister responsible for the Big Build.
· Chip Le Grand
Lee says large-scale investment needed to secure 'overwhelming' chip supply capability
SEOUL, June 29 (Yonhap) -- President Lee Jae Myung said Monday South Korea stands at a crossroad for a great leap forward in the increasingly competitive semiconductor and artificial intelligence (AI) markets, stressing the need for large-scale investments to secure "overwhelming" chip supply capabilities.
· Park Boram
(URGENT) Lee says large-scale chip investment plan serves companies' own interests, not by coercion
Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK
· Park Boram
Looking beyond IPOs to build a broader investment ecosystem in Hong Kong
HKEX is expanding its product suite with new fixed-income, derivatives and connectivity offerings, giving global investors more ways to gain exposure to China’s markets
· Peter Shadbolt
Looking beyond IPOs to build a broader investment ecosystem in Hong Kong
HKEX is expanding its product suite with new fixed-income, derivatives and connectivity offerings, giving global investors more ways to gain exposure to China’s markets
· Peter Shadbolt
(URGENT) Industry minister unveils 800 tln-won semiconductor investment plan for S. Korea's southwest
Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK
· Kim Eun-jung
How far is too far? The risks of a tumbling property market
June 29, 2026 — 3:24pm
· Elizabeth Knight
[Ask the Tax Whiz] The Al Capone strategy: Why PH must follow the money in corruption cases
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· gdecastro0289
Forrestania lands Edna May in $300M WA gold hub coup
Forrestania Resources has delivered the ultimate engineering and corporate climax to its rapid, small-cap evolution, revealing a binding agreement to acquire 100 per cent of Ramelius Resources’ highly advanced Edna May gold hub for $300 million.
China imposes export controls on 40 Japanese companies
A delivery man drives past the Japanese Embassy in Beijing on Nov. 24, 2025. (AP Photo/Ng Han Guan)
· Simina Mistreanu
Sales of major S. Korean bio firms up 16 pct in Q1: report
SEOUL, June 29 (Yonhap) -- The combined sales of major South Korean-listed companies in the healthcare sector rose 16 percent from a year earlier, industry data showed Monday.
· Kang Jae-eun
(URGENT) Lee says large-scale investment needed to secure 'overwhelming' chip supply capability
Facebook X More Pinterest Linked in Tumblr Reddit Facebook Messenger Copy URL URL is copied. OK
· Park Boram
Lee's approval rating falls for sixth straight week: poll
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
Asian shares are mixed and tech stocks extend losses
A huge screen shows the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Monday, June 29, 2026. (AP Photo/Lee Jin-man)
· Chan Ho Him
Fuel price rollback or increase on June 30 as Middle East tensions return
(1st UPDATE) The price adjustments follow last week’s big rollback, when pump prices went down by up to P5.90 per liter for gasoline, P11.04 per liter for diesel, and P11.82 per liter for kerosene
· lkyu0285
Vanuatu rules out allowing Chinese military base in $500m Australia pact
China will be blocked from establishing a military base in Vanuatu as part of the terms of a $500 million treaty with Australia that was watered down because of fears it would limit the Pacific nation’s economic ties with Beijing.
· Matthew Knott
Aurum strikes bonanza gold at growing West African Boundiali project
Aurum Resources has nailed a bonanza gold strike from its rapidly progressing Boundiali project in Côte d’Ivoire, West Africa, with its latest diamond drilling results from the BDT2 deposit returning 1.7 metres grading a whopping 70.35 grams per tonne (g/t) gold from 276.5m.
· Doug Bright
Why industrial firms are firing up Hong Kong’s IPO market
With over 80 industrial firms in the IPO pipeline, it’s clear that policy priorities and relaxed listing rules are attracting a fresh wave of global capital
· Joanne Mari Madrid
Why industrial firms are firing up Hong Kong’s IPO market
With over 80 industrial firms in the IPO pipeline, it’s clear that policy priorities and relaxed listing rules are attracting a fresh wave of global capital
· Joanne Mari Madrid
China restricts exports to Mitsubishi, Hitachi, Komatsu units
China's export control moves against dozens of Japanese companies are expected to raise compliance risks and further strain bilateral ties. © Reuters
· Staff Writer
Why the Fed is not ready to bet on AI just yet | The National
Kevin Warsh focused his first conference as Federal Reserve chair on June 17 on a familiar problem: fast-rising prices fuelled by the Iran war.
· Karl Schmedders
Vingroup bets on solar panels placed above fishponds in the Philippines
VinEnergo and SunAsia executives sign a deal for solar panels to be installed over aquaculture farms in the Philippines, on June 17 in Manila. (Vingroup)
· LIEN HOANG
Venus royalty windfall breathes new life into WA gold hunt
Fresh from reshaping the balance sheet through a sale of its Youanmi royalty for a hefty $46 million in cash, Venus Metals Corporation is turning renewed attention to one of its longest-held Western Australian gold assets.
· Penny Taylor
Heat’s top NBA free agency targets after Giannis Antetokounmpo trade
See more of our coverage in your search results.
· Bryan Fonseca
Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns
An artificial-intelligence bust (and thus bubble), inflation and fiscal stress are the three the most alarming threats to global prosperity at present, the Bank for International Settlements warned. In its annual report published on Sunday, the Basel-based institution - better known as the central banks' central ban…
· Tyler Durden
Victorian premier blames ‘inflation not corruption’ for Big Build cost blowouts amid fresh allegations
Jacinta Allan resists calls for royal commission into state’s infrastructure projects as pressure mounts following new reports
· Adeshola Ore
Local blockchain companies to take part in major tech event in Berlin
SEOUL, June 29 (Yonhap) -- South Korea's science ministry said Monday local companies will take part in a major tech, artificial intelligence (AI) and startup event opening this week in Berlin, Germany.
· Kang Jae-eun
Australia's Firmus announces Nvidia-backed 'AI factory' in Indonesia
Firmus says it will use Nvidia chips for its Indonesian data center and sell Nvidia-powered cloud services to "AI-native" customers. (Source photos by Getty and Ken Kobayashi)
· Staff Writer