China Communications Construction (SHA:601800) plans to launch funds totaling up to 12.3 billion yuan in 2026, with capital subscriptions capped at 6.52 billion yuan.
Subsidiaries will also invest up to 6.0 billion yuan in financial assets, including overseas bonds, equities and other assets.
The plan aims to boost technological innovation and strategic emerging industries while strengthening core business development.
Shares of the infrastructure builder rose 3% in recent trade.
Meridian Energy (ASX:MEZ, NZE:MEL) Chief Executive Mike Roan told a New Zealand Parliamentary committee on Thursday that the country does not need to import liquefied natural gas (LNG) to cover electricity supply shortages, Radio New Zealand reported on Friday.The government is considering a proposal for LNG imports when lake levels are low for hydropower generation, and solar and wind power cannot meet demand, the report said.Roan said that "the analysis shows dry-year risk is being managed through the next 10 years," due to the agreements the electricity sector had put in place, including the Huntly strategic coal reserve, demand response measures with the Tiwai Point aluminium smelter, and remaining generation sources.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
MiTAC (TPE:3706) said AI infrastructure spending by cloud service providers is approaching $700 billion this year, reinforcing a strong demand backdrop for data center and server equipment, Taipei Times reported Friday, citing company president Billy Ho.The company said this momentum is expected to keep its revenue growth firm through the year, driven by sustained orders from hyperscalers, neocloud operators and enterprise clients tied to long-term AI buildouts, the report said.MiTAC is expanding its AI server, high-performance computing and liquid-cooled rack solutions as data center designs shift toward higher GPU density, while cautioning that tight supply of DRAM, SSDs and CPUs could still pressure execution and margins, the news outlet reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
ITI (NSE:ITI, BOM:523610) has appointed C V Ramana Babu as the chief financial officer and key managerial personnelof the company with effect from May 28, according to a Friday filing to the Indian stock exchanges.Babu initially took charge as ITI's director of marketing on January 25, 2024, and took on the additional role of finance director on October 15, 2025.The telecom equipment manufacturer's shares were up over 1% in recent trade.