Category: 3. Business

  • Chinese shares open mixed Friday – Xinhua

    1. Chinese shares open mixed Friday  Xinhua
    2. China stocks end lower after Fed rate cut  Business Recorder
    3. The Shangai Composite Index Closes 0.76% Lower  TradingView
    4. Shanghai Composite Falls 0.76% Amid 0.17x Advance/Decline Ratio; Great Microwave Soars 17.4%  Markets Mojo
    5. Chinese Shares Dip Amid Deflation; Vanke Boosts Property Stocks  Devdiscourse

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  • Honda to Launch New Heritage Service Business — “Honda Heritage Works” — in April 2026

    Honda to Launch New Heritage Service Business — “Honda Heritage Works” — in April 2026

    TOKYO, Japan, December 12, 2025 – Honda Motor Co., Ltd. today announced plans to launch Honda Heritage Works, a new heritage service business for classic Honda (and Acura) sport-type models, on April 1, 2026. For customers who cherish and wish to continue driving their beloved vehicles for many years, Honda will offer reproduction parts on a global basis to replace discontinued parts, as well as a restoration service in Japan.

    Honda Heritage Works will consist of two services: Honda Heritage Parts, which reproduces and supplies certain discontinued genuine parts no longer in mass production, and Honda Restoration Service, a new service to be offered in Japan to restore customer vehicles utilizing the reproduced parts. Both will start with the first-generation NSX, with plans to expand to other classic sport-type models in the future.

    Ahead of the service launch in April 2026, Honda today launched the official Honda Heritage Works website. Detailed information, including pricing and service offerings, will be released sequentially leading up to the start of the service.

    Official Honda Heritage Works website URL:
    https://www.honda.co.jp/heritage-works/ (Japanese)

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  • Honda to Launch New Heritage Service Business — “Honda Heritage Works” — in April 2026

    Honda to Launch New Heritage Service Business — “Honda Heritage Works” — in April 2026

    TOKYO, Japan, December 12, 2025 – Honda Motor Co., Ltd. today announced plans to launch Honda Heritage Works, a new heritage service business for classic Honda (and Acura) sport-type models, on April 1, 2026. For customers who cherish and wish to continue driving their beloved vehicles for many years, Honda will offer reproduction parts on a global basis to replace discontinued parts, as well as a restoration service in Japan.

    Honda Heritage Works will consist of two services: Honda Heritage Parts, which reproduces and supplies certain discontinued genuine parts no longer in mass production, and Honda Restoration Service, a new service to be offered in Japan to restore customer vehicles utilizing the reproduced parts. Both will start with the first-generation NSX, with plans to expand to other classic sport-type models in the future.

    Ahead of the service launch in April 2026, Honda today launched the official Honda Heritage Works website. Detailed information, including pricing and service offerings, will be released sequentially leading up to the start of the service.

    Official Honda Heritage Works website URL:
    https://www.honda.co.jp/heritage-works/ (Japanese)

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  • Trump orders increased scrutiny of proxy advisers ISS and Glass Lewis

    Trump orders increased scrutiny of proxy advisers ISS and Glass Lewis

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    US President Donald Trump has signed an executive order to “increase oversight” of powerful proxy advisers that guide shareholder votes made by pension funds and some other money managers.

    Trump directed the Securities and Exchange Commission, the Federal Trade Commission and the Department of Labor to step up regulation of two dominant advisory groups.

    The order said Glass Lewis and Institutional Shareholder Services “regularly use their substantial power to advance and prioritize radical politically-motivated agendas”, citing their past support for environmental and diversity initiatives.

    ISS’ and Glass Lewis’s recommendations, which wield huge influence in companies’ shareholder votes, have angered powerful chief executives such as Jamie Dimon and Elon Musk.

    The order directs the SEC to examine if ISS and Glass Lewis have violated anti-fraud statutes in their recommendations or should be regulated as investment advisers.

    The FTC, the federal competition watchdog, is directed to review “ongoing State antitrust investigations” to determine if the proxy companies may have violated federal competition laws.

    The labour department, meanwhile, is set to determine if pension plans that it regulates can use proxy advisers, given the pensions’ fiduciary duty obligations.

    The White House said proxy groups’ support for diversity and environmental proposals was unrelated to maximising investment returns, which “should be the only priority”.

    ISS said it would review the order. “ISS does not dictate or set corporate governance standards and remains firmly committed to operating professionally, ethically, independently and in the best interests of our clients, as we have done historically,” it said.

    Glass Lewis did not immediately respond.

    The two groups have challenged a new Texas state law that imposed onerous disclosure requirements on proxy advisers’ recommendations. They argue Texas has violated their free speech rights.

    Glass Lewis, recognising the broader political pressure it was facing, in October said it would move away from “house” recommendations, the default preferences on governance matters that it published each year.

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  • Johanna Cardoso ’26 is Studying Abroad to ‘Fashion’ her Professional Journey

    Johanna Cardoso ’26 is Studying Abroad to ‘Fashion’ her Professional Journey

    Johanna Cardoso ’26 is a fashion enthusiast. And in spring 2025, she set out to define her style — and her career — in one of the Big Four fashion capitals of the world: Milan, Italy. During her semester abroad at MKS Milano Fashion School, she stepped into the role of a professional stylist with access to a glam squad (team of beauty experts) and a designer showroom. A bonus: the chance to attend a show at Milan Fashion Week. 

    “Being in Milan during Fashion Week was an unforgettable experience,” Cardoso says of an invitation from a professor who works in the fashion business. “From witnessing the fast-paced energy of the industry firsthand to getting involved behind the scenes, I gained a deeper appreciation for the craftsmanship, creativity and strategy that go into building fashion moments.” 

    In Milan, Cardoso took courses in styling and merchandising, building on what she’s learning at Bentley. “The full experience of Fashion Week has reaffirmed my passion for visual storytelling, brand experiences, and consumer engagement — skills I’ve been developing through my studies as a double major in Marketing and Experience Design.” 

    For a final class project, Cardoso led an editorial photoshoot from concept to completion: casting a model, selecting pieces from a local designer’s archival collections, and developing the creative vision through mood boards. She managed all the details — from hair and makeup to posing and artistic direction. “Seeing how brands create immersive, high-impact fashion experiences has been inspiring, and I can’t wait to bring these insights into my future work,” Cardoso says. 

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  • ANZ to defend itself against former CEO's legal claim on $9 million bonus cut – Reuters

    1. ANZ to defend itself against former CEO’s legal claim on $9 million bonus cut  Reuters
    2. Former ANZ boss launches legal action over $13.5 million in lost bonuses  WAtoday
    3. ANZ Comments On Former CEO’s Legal Action  Mirage News
    4. Ex-ANZ boss launches legal action against bank for bonus cut  The Nightly
    5. Ex-ANZ boss launches legal claim against bank for bonus cull  The Australian

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  • Real World Impact of Gene Therapy A Patient Story from New Jersey

    Real World Impact of Gene Therapy A Patient Story from New Jersey

    Gene therapy is now available for the treatment of hemophilia B in multiple countries, making appropriate adults eligible for this innovative treatment. CSL is proud to share stories of individuals who have received gene therapy, showcasing the real-world impact of this medical advancement.

    Read a patient story from BlackDoctor.org

    Read a patient story from PhillyVoice

    Read a patient story from Hemophilia News Today 

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  • Baker McKenzie Earns 149 Practice and 226 Individual Rankings in Chambers Asia Pacific 2026 | Newsroom

    Baker McKenzie Earns 149 Practice and 226 Individual Rankings in Chambers Asia Pacific 2026 | Newsroom


    Chambers Asia Pacific has released its 2026 guide, ranking Baker McKenzie and its member firms collectively in 149 practice areas and in 226 lawyer categories. The Firm achieved 97 Bands 1 & 2 practice rankings and 103 Bands 1 & 2, Eminent Practitioner, Senior Statespeople and Star Individual recognitions. 
     
    The Firm once again has more practice areas and lawyers ranked, as well as Bands 1 and 2 rankings, than any other law firm in the region, cementing its position as ‘First in Asia Pacific’.

    The Firm gained a new ranking in three categories, including: Corporate Investigations/Anti-Corruption: Domestic (Singapore)***;  Dispute Resolution: International Firms (South Korea) and Dispute Resolution: International Arbitration (Thailand). 

    The Firm also saw improved ranking in seven categories, including: Arbitration: International (Asia Pacific); Capital Markets: Domestic: Securitisation & Derivatives (Japan); Life Sciences (Japan); Real Estate (Japan); Technology, Media, Telecoms; Corporate/M&A: International: The Elite (Singapore)*** and Employment: International (Singapore)***, with the latter moving up from Band 2 to Band 1.

    The Firm also maintained Band 1 rankings in eight Asia Pacific-wide categories, including in Banking & Finance; Data Protection; Intellectual Property; Investment Funds: Private Equity; Investment Funds: Registered Funds; Islamic Finance; Life Sciences; and Technology, Media, Telecoms, and in 43 jurisdictional categories.

    In the lawyer categories, the Firm gained 16 new individual rankings and 21 improved rankings.

    Chambers Asia Pacific is the leading legal directory in the region. Rankings are based on interviews with clients and peers as well as firm submissions. Practices and individuals with Band 1 ranking are recognized by the guide for achieving the highest “technical legal ability, client service, commercial vision and business understanding, diligence, value for money, depth of team, and other qualities most valued by the client.” 

    The practice areas that have earned Band 1 rankings are as follows:

     

    Asia Pacific Region

    • Banking & Finance
    • Data Protection
    • Intellectual Property
    • Investment Funds: Private Equity
    • Investment Funds: Registered Funds
    • Islamic Finance
    • Life Sciences
    • Technology, Media, Telecoms (TMT)

    Indonesia*

    • Banking & Finance 
    • Corporate/M&A
    • Dispute Resolution
    • Employment
    • Intellectual Property 
    • Projects & Energy
    • Restructuring/Insolvency
    • Tax
    • Technology, Media, Telecoms (TMT)

    Japan

    • Banking & Finance: International

    Kazakhstan

    Malaysia**

    • Banking & Finance
    • Corporate/M&A
    • Real Estate
    • Tax

    Singapore***

    • Employment: Domestic
    • Employment: International
    • Intellectual Property: Domestic
    • Tax
    • Technology, Media, Telecoms (TMT): International

    South Korea

    • Energy & Natural Resources: International

    Southeast Asia

    Thailand

    • Aviation
    • Banking & Finance
    • Capital Markets
    • Competition/Antitrust
    • Corporate/M&A
    • Dispute Resolution
    • Employment
    • Insurance
    • Intellectual Property
    • Projects & Energy
    • Real Estate
    • Restructuring/Insolvency
    • Tax
    • Technology, Media, Telecoms (TMT)

    Vietnam

    • Banking & Finance
    • Corporate/M&A
    • Employment
    • Intellectual Property
    • Tax
    • Technology, Media, Telecoms (TMT)

    The following lawyers have earned Band 1 rankings: 

    Indonesia*

    • Indri Pramitaswari (Mita) Guritno, Banking & Finance 
    • Iqbal Darmawan, Capital Markets
    • Andi Kadir, Dispute Resolution and Restructuring/Insolvency
    • Alvira Wahjosoedibjo, Employment
    • Daru Lukiantono, Intellectual Property
    • Norman Bissett, Projects & Energy: Foreign Legal Consultants
    • Bima Sarumpaet, Real Estate 
    • Ponti Partogi, Tax 
    • Daniel Pardede, Technology, Media, Telecoms (TMT)

    Japan 

    • Gavin Raftery, Banking & Finance: International
    • Naoaki Eguchi, Projects & Energy: Domestic

    Kazakhstan

    • Alexander V Korobeinikov, Dispute Resolution

    Malaysia**

    • Mark Lim, Banking & Finance
    • Andre Gan, Corporate/M&A
    • Munir Abdul Aziz, Corporate/M&A
    • Ai Leen Tang, Real Estate
    • Adeline Wong, Tax

    Singapore***

    • Celeste Ang, Employment: Domestic
    • Andy Leck, Intellectual Property: Domestic: Litigation
    • Allen Tan, Tax
    • Ken Chia, Technology, Media, Telecoms (TMT): Domestic and Technology, Media, Telecoms (TMT): International 

    South Korea 

    • Sun Kyun Lim, Energy & Natural Resources: International

    Thailand

    • Permsak Krairiksh, Aviation
    • Ampika Kumar, Competition/Antitrust
    • Pisut Attakamol, Dispute Resolution
    • Chaiporn Supvoranid, Employment
    • Duangkamon Amkaew, Real Estate
    • Paralee Techajongjintana, Restructuring/Insolvency
    • Panya Sittisakonsin, Tax
    • Nont Horayangura, Technology, Media, Telecoms (TMT)
    • Pattaraphan Paiboon, Technology, Media, Telecoms (TMT)

    Vietnam

    • Yee Chung Seck, Corporate/M&A and Technology, Media, Telecoms (TMT)
    • Thuy Hang Nguyen, Employment
    • Manh Hung Tran, Intellectual Property and Technology, Media, Telecoms (TMT)
    • Thanh Vinh Nguyen, Tax

    *HHP Law Firm, member firm of Baker McKenzie in Indonesia
    ** Wong & Partners, member firm of Baker McKenzie in Malaysia
    *** Baker McKenzie Wong & Leow, member firm of Baker McKenzie in Singapore 

     

     

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  • Yinhawangka Aboriginal Corporation and Rio Tinto sign Interim Modernised Agreement

    Yinhawangka Aboriginal Corporation and Rio Tinto sign Interim Modernised Agreement

    PERTH, Australia–(BUSINESS WIRE)–
    Yinhawangka Aboriginal Corporation and Rio Tinto have signed an Interim Modernised Agreement, marking an important step in their long-standing relationship.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251211420422/en/

    Yinhawangka Aboriginal Corporation and Rio Tinto representatives sign Interim Modernised Agreement

    This interim agreement builds on the 2013 Participation Agreement between the Yinhawangka People and Rio Tinto. It sets out how both parties will work together and establishes a pathway to a fuller modernised agreement that will govern how Rio Tinto operates on Yinhawangka Country for the long term.

    The agreement introduces a co-management approach that reflects modern expectations for partnership. Yinhawangka will be involved earlier and more meaningfully in mine planning, with both parties working together in making key decisions including in relation to protection and management of cultural heritage and the environment. The agreement includes dedicated funding to support Yinhawangka participation in co-management.

    Yinhawangka Aboriginal Corporation Board Chairwoman Robyn Hayden (née Tommy) said: “Mining on our Country always comes with hard decisions, and we have always been clear that Yinhawangka People must be at the centre of those decisions.

    “This agreement with Rio Tinto reflects both parties’ commitment to working in partnership, strengthening respectful communication, and ensuring Yinhawangka voices are heard. It creates opportunities for both our current and future generations, supporting a stronger and more sustainable future for both our People and our Country.”

    Key to the agreement is the right for Yinhawangka to raise concerns about Country, the environment or cultural heritage at any time. It establishes a joint committee where Yinhawangka and Rio Tinto collaborate early on new projects and major operational changes, ensuring Yinhawangka voices guide decisions and we remain responsive to community priorities and business needs.

    Rio Tinto Iron Ore Chief Executive Matthew Holcz said: “Working alongside the Yinhawangka People to co-develop this Interim Modernised Agreement is an important step in our ongoing partnership. It will allow us to keep learning from Yinhawangka knowledge and perspectives as we work towards a fully modernised agreement, based on respect, transparency and shared responsibility.

    “We thank the Yinhawangka People for their continued leadership and guidance, as we work together to strengthen our partnership.”

    The Interim Modernised Agreement is a binding agreement that lays the foundation for a full modernised agreement. Yinhawangka Aboriginal Corporation and Rio Tinto will continue working together to finalise it in 2026.

    Yinhawangka Aboriginal Corporation

    Liam Flanagan

    Chief Executive Officer

    liam.flanagan@yinhawangka.com.au

    Rio Tinto Media Relations

    media.enquiries@riotinto.com

    Alyesha Anderson

    M
    +61 434 868 118

    Rachel Pupazzoni

    M +61 438 875 469

    Category: Pilbara

    Source: Rio Tinto


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  • Automobile sales surge 52pc in November – Dawn

    1. Automobile sales surge 52pc in November  Dawn
    2. Car sales rise 52% in November 2025  Mettis Global
    3. Auto sales fall 11% in November  The Express Tribune
    4. Pakistan car sales jump 43% in first five months of FY2025-26  Business Recorder
    5. Passenger car sales surge 56% YoY in November, up 43% in 5MFY26 despite monthly decline  Profit by Pakistan Today

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