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Global drugmakers eye more China biotech deals after record year

Health Care Executives want ‘skin in the game’ despite signs of stock market cooldown Technicians work at Zhejiang Youlai Biotechnology Co. in Hangzhou on April 16. China’s pharmaceutical sector is attracting global interest.  © AP WATARU SUZUKI and LORRETTA CHEN SHANGHAI/HONG KONG — Global pharmaceutical executives are hungry for more deals with Chinese biotech companies […]

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Shenzhen Metro posts record $5.5bn loss as China Vanke exposure deepens

China debt crunch State-owned operator’s deficit and chairman’s exit show strain from effort to save developer Despite record losses, Shenzhen Metro said its operations, cash flow and debt-servicing ability remain unaffected. (Nikkei montage/Source photos by Wataru Suzuki, Getty Images and Reuters) SHANGHAI — Shenzhen Metro Group on Wednesday reported a record net loss of 37.5 […]

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Between guns and butter, Japan decides on both

Defense Tax cuts and subsidies to go ahead even as defense spending set to rise Japanese Prime Minister Sanae Takaichi with U.S. President Donald Trump on the USS George Washington aircraft carrier docked at Yokosuka City, Japan, late last year.  © Kyodo TOKYO — Japan is poised to raise defense spending, but is not trimming in […]