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Showa Holdings Faces Restructuring as Tokyo Court Approves Receivership on July 17
Showa Holdings (5103.T) enters restructuring after losing control of six subsidiaries and key corporate assets. Stock down 66% in one year. Tokyo court approves receivership petition July 17.
Swatch Moonswatch Gold Edition Launches July 16: CHF 500 for 1,969 Pieces
Swatch launches Mission to the Moon 1969 MoonSwatch with 11 grams of 18K gold from Apollo era parts. Limited to 1,969 pieces at CHF 500. Requires application approval.
Trump Administration Weighs $100,000 Bond for Green Card Applicants
Trump administration considers requiring green card applicants to post $100,000 refundable bond. Proposal targets those deemed at risk of becoming public charges. Details remain unresolved.
Australia’s Daily Smoking Rate Falls to 5.6% as Illicit Tobacco Surges
Australia’s daily smoking rate fell to 5.6% in 2025, beating the 10% target, but 34% of smokers now buy illicit tobacco. The government bans nicotine pouches from July 24.
Moonshot’s Kimi K3 Narrows AI Gap; Chinese Model Rivals US Frontier Systems
Moonshot AI’s Kimi K3 model with 2.8 trillion parameters rivals Anthropic’s Fable 5 and OpenAI’s GPT 5.5, marking a major shift in the US-China AI race and triggering sharp selloffs in tech stocks.
New World Development Quietly Renames Kwun Tong Mall from Scramble Hill to The ANGLE
New World Development rebrands Kwun Tong mall from Scramble Hill to The ANGLE. The 50-million-square-foot complex now emphasizes anime, dining, and pet-friendly spaces.
Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…
NSE India to Introduce Nifty India FPI 150 Futures and Options from August 12 After SEBI Approval
On 12 August 2026, the National Stock Exchange (NSE) will begin trading futures and options on the Nifty India FPI 150 Index after receiving approval from the Securities and Exchange Board of India (SEBI). The new contracts give investors another way to hedge market exposure and trade stocks with strong foreign portfolio investor (FPI) ownership….
Red Robin Cuts Up to 70 Stores as Debt Restructuring Accelerates
Red Robin closes restaurants and refranchises 116 locations to pay down $170M debt. CEO says 20 underperforming stores improved enough to avoid closure. Cary, NC location confirmed closing.