Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
South Korea's LG Chem will start constructing a nitrile butadiene latex (NBL) manufacturing plant Malaysia next year to meet the growing demand for nitrile gloves amid the COVID-19 pandemic.
To be located at Pengerang Integrated Complex in Johor, the plant is set to start production in 2023 with a capacity of 200,000 tons of NBL per year.
LG Chem, which signed the deal with Malaysia's Petronas Chemicals, declined to provide any details, including the investment amount.
The two firms will collaborate to offer various NBL grades and applications and develop high-value-added products through research and development, and investments.
Petronas Chemicals CEO Sazali Hamzah called the partnership a strategic step in developing PCG's specialty chemicals portfolio.
The use of nitrile gloves helps in preventing the spread of COVID-19 and other infections.
The demand is at an annual average of over 10 percent and is expected to cover 70 percent of the entire latex gloves market in 2024.
