• Associated Press

    Hong Kong's new Catholic bishop hopes to foster healing

    The new head of Hong Kong's Catholic diocese expressed hope Saturday that he could foster healing in a congregation and a city divided by the continuing fallout from massive anti-government protests in 2019. Bishop Stephen Chow spoke to the gathered after his ordination in the 19th-century Cathedral of the Immaculate Conception. “As the bishop of the Catholic diocese in Hong Kong and as a local church, (I) would very much like to take up a meaningful role to foster healing and connections in our church and for our hometown, this beloved hometown,” he said.

  • Reuters

    UPDATE 1-Vingroup plans U.S. IPO for automaking arm in late 2022

    Vingroup JSC, Vietnam's largest conglomerate, said on Saturday it is planning to list its car unit on the U.S. stock market in the second half of next year, in an offering expected to raise at least $3 billion. VinFast, Vingroup's automaking arm, had flagged in April it was seeking an IPO slated for the second quarter of this year, eyeing a $60 billion valuation with expectation to raise at least $3 billion. In Saturday's statement, Vingroup said it had set up a Singapore-based holding company owning a stake in Vinfast's operations in Vietnam to fuel the IPO process.