Word: herbals
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...first trading day 12% below its initial public offering price. The following day, an IPO by China Lilang, owner of the country's largest brand of men's clothing, also flopped, ending the day down nearly 1%. To think that less than three months ago, even lightweights like herbal shampoo manufacturer Bawang and furniture maker Hing Lee debuted with double-digit first-day gains...
...pair conducted 30 interviews in each country—speaking with youths, church members, hospital workers in urban China, peasants, people in hospitals in rural Peru—and found that in both bustling cities and pastoral villages, people were much more likely to use herbal remedies for relatively minor issues, like fevers and colds, but embraced Western medicine for more significant problems, like diabetes and arthritis...
...must do is go to a very small place in Kala Ghoda called the Magna Book Gallery & Nutrition Centre, tel: (91-22) 2267 1763. It's an old café that most people don't even know about, on the balcony of a bookshop. You'll get very good herbal teas and sandwiches there, and it's the perfect meeting place before going out for the evening...
...Britain's war on legal highs started in May with talk of a ban on Spice. The Chinese smoking blend is generally described as herbal, but tests carried out in German labs have shown that its herbal mix is sprayed with designer chemicals that mimic the effects of THC, the active ingredient in cannabis, but to a more potent effect. France, Germany and Austria have recently outlawed the sale of Spice, and the U.K. now plans to ban not just that specific cannabis substitute but all synthetic cannabinoids - a class of designer drugs structurally resembling cannabis - hoping to nip offshoots...
When the outlandish stock-market events of 2009 are tallied up, the initial public offering (IPO) in Hong Kong of Chinese herbal shampoo maker Bawang International will be a standout. Within 10 minutes of the June 22 opening of the subscription period for shares, one local brokerage, Bright Smart Securities, was swamped with the equivalent of $129 million in orders. In all, the shampoo company received more than $9 billion in orders from Hong Kong retail investors for an IPO that initially sought to raise just $215 million...