Chinese President Xi Jinping will visit North Korea from June 8 to 9, Xinhua News Agency reported Friday, citing a spokesperson for the International Department of the Central Committee of the Communist Party.
Xi's visit to Pyongyang to meet North Korean leader Kim Jong Un is seen to showcase the Chinese leader's ability to deal with all sides "in an increasingly fractured world," Bloomberg reported separately Friday.
South Korean biopharmaceutical company EuBiologics (KOSDAQ:206650) secured a contract from UNICEF for the supply of oral cholera vaccines, according to a Friday filing with the Korea Exchange.The contract, valued at 13.26 billion won, is valid until Aug. 3.Shares of EuBiologics fell nearly 1% in recent trade.
Alcoholic beverages manufacturer United Spirits (NSE:MCDOWELL-N, BOM:532432) has decided to cease factory operations at its Malkajgiri manufacturing unit in Hyderabad, India, according to a Thursday filing to the Indian stock exchanges.The move is part of an agility program approved by the company's board in 2023, under which the company intends to transfer the excise license issued by the Telangana Prohibition & Excise Department to another party.Following this, the factory operations at the unit will cease by Aug. 31.During the financial year 2025-26, the unit contributed around 5.99 billion Indian rupees or 2% of the company's revenue from operations.
The Singaporean government has denied forced labor allegations made by the US against it after US President Donald Trump proposed a 12.5% tariff on goods linked to the city-state, Bloomberg News reported Thursday.The tariff was proposed following a Washington inquiry into how trade partners handle goods allegedly produced by forced labor, the report said.However, in an email response to Bloomberg, Singapore's Ministry of Trade and Industry rejected the claims, pointing to a total lack of evidence of forced labor within the country's supply chains.Under the proposed levy, Singapore's domestic exports to the US are likely to be impacted if the proposed tariff is implemented, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)