Day: September 19, 2025

Zijin Gold launches second-biggest Hong Kong IPO of the year

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Zijin Gold International, a wholly owned unit of China’s Zijin Mining, aims to raise HK$24.98 billion (US$3.21 billion) in an initial public offering (IPO) that would be Hong Kong’s second largest this year. Advertisement Zijin Gold launched the sale of 349 million shares at an offer price of HK$71.59 per share on Friday, with the offering running until noon on Wednesday, according to its prospectus released on Friday. The deal would be second only to the US$5.24 billion May IPO of Contemporary Amperex Technology, the world’s largest maker of battery…

Oil market brushes off predictions of supply glut

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Predictions that the world will soon be awash with oil are failing to dent crude prices, with some analysts saying China’s quiet stockpiling of reserves is staving off a major market downturn. Big banks, energy agencies and analysts are almost universally forecasting that excess supply could push global crude prices towards $50 a barrel or lower next year. But Brent crude, the international benchmark, is still trading at about $67 a barrel, little changed on where it was in late June, while futures markets are not pointing to a coming…

Available for free: China releases global data for prime fishing grounds

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Chinese scientists have developed a detection algorithm for special oceanic features that serve as biodiversity hotspots, offering a possible breakthrough to help fishermen and researchers find prime fishing grounds. Advertisement The team’s dataset and detection algorithm on global ocean fronts – boundaries at which two distinct bodies of water meet – could have broad applications in oceanography, ecology and fisheries research. “This study provides the first publicly available global ocean front dataset covering the past 42 years,” the team said in a paper published in the peer-reviewed journal Earth System…