Reuters

(Reuters) - Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per share.

The Chinese restaurant brand raised $52.7 million by selling nearly 2.7 American Depositary Shares (ADS).

The IPO price is at a discount of 9.9% from the as-converted last close of Super Hi's Hong Kong-listed shares, and gives the... (continue reading...)

SEOUL (Reuters) - Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, again denied arms exchanges with Russia, state media KCNA reported on Friday.

The U.S. and South Korea accused North Korea of transferring weapons to Russia for use against Ukraine, which it invaded in February 2022. Both Moscow and Pyongyang have denied the accusations, but vowed last year to deepen military relations.

Ties between the two countries... (continue reading...)

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets.

Asian markets go into Friday's session looking to end a strong week on a positive note, and there appears to be no obvious reason why the recent upswing should reverse unless investors opt for a bout of profit taking ahead of the weekend. 

China's monthly 'data dump', when Beijing simultaneously lands several top-tier economic indicators, could go a... (continue reading...)

By Patricia Zengerle

WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives passed a bill on Thursday that would force President Joe Biden to send weapons to Israel, seeking to rebuke the Democrat for delaying bomb shipments as he urges Israel to do more to protect civilians during its war with Hamas.

The Israel Security Assistance Support Act was approved 224 to 187, largely along party lines. Sixteen Democrats joined... (continue reading...)

By Lisandra Paraguassu

PORTO ALEGRE (Reuters) - Brazil's southernmost state is planning at least four "tent cities" to accommodate some 8,000 people currently in improvised shelters due to the historic floods that have devastated the region.

Heavy rains since the end of April caused record floods that killed at least 151 people in the state of Rio Grande do Sul and left more than 100 still missing, according to state officials.