The launch had been set to be the biggest in South Korea since the $4.4 billion float of Samsung Life Insurance in 2010 but it has now been set back for a fortnight over undisclosed issues

Outstanding local debt now stands at 27.19 trillion yuan, the country’s finance ministry has revealed, with more rises expected to come as post-pandemic spending continues unabated

The Toyota-backed $5.3 billion firm’s founder admits there’s a way to go before the public are convinced about driverless travel but when they are, he wants to have manoeuvred Pony.ai to the front of the grid

Canal authorities have announced they’ve signed a non-disclosure deal ahead of a final compensation agreement over the incident which saw more than 360 ships gridlocked waiting to use the waterway that sees 12% of global trade every day

The first auction of a batch of the state’s metal reserves will take place early next month with 100,000 tonnes of raw materials set to be released into the market as Beijing bids to haul back runaway commodity prices

SoftBank-backed food shopping app targeting a 20% jump in its US IPO valuation following the Japanese giant’s investment

Tokyo’s readiness to intervene in shareholder matters has been in focus since it was discovered Toshiba Corp’s management colluded with the trade ministry to pressure foreign investors – now they want to formalise and extend their powers

US company poised to hook up with Chinese-backed special purpose acquisition company CITIC Capital Acquisition Corp as it looks to go public

President Joe Biden has also withdrawn Trump-era executive orders that looked to ban new downloads of the Tencent-owned apps and ordered a review of alleged security concerns posed by them

Region expected to double its spending on renewable power generation over the next decade – accounting for over half of total investment – with fossil fuel expenditure predicted to plunge 

Crude shipments from the Kingdom dropped 21% last month not because China’s voracious appetite for oil has reduced but because of wide-scale maintenance work at refining sites across the country

Relations between the two countries have taken a serious downturn since Canberra called for an international probe into the origins of Covid-19 – with trade in beef, coal, barley and wine being especially hit