Bank of Qingdao's (HKG:3866, SHE:002948) shareholder Qingdao Haier Industrial Development plans to reduce its holding in the firm by 107.1 million, or 1.84%, shares, according to a Tuesday Hong Kong bourse filing.
Shares of the lender were down nearly 1% in Wednesday afternoon trading.
Qingdao Haier Industrial Development, which currently holds 532.6 million, or 9.15%, shares in the bank, will dispose of shares through block trades within 3 months after 15 trading days from the disclosure date.
Sales of Tesla's China-made electric vehicles rose 39% year over year in May, Reuters reported Tuesday, citing the China Passenger Car Association.Deliveries grew 8.2% month on month to 85,982 units, according to the report.(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.)
Tata Consultancy Services (NSE:TCS, BOM:532540) secured a contract from its existing client Euroclear Group to digitally transform Sweden's Central Securities Depository, according to a Wednesday filing to the Indian stock exchanges.Under the contract, Euroclear Sweden will deploy the financial technology platform TCS BaNCS for Market Infrastructure and its digital solutions platform Quartz.Quartz will use its distributed ledger technology and artificial intelligence to support tokenized assets, decentralized settlements, and real-time, actionable insights.The project is aimed at helping Euroclear standardize technology across Sweden and Finland and provide a unified platform through a phased IT transition, including the migration of the Swedish market to the European Central Bank's TARGET2-Securities platform for secure pan-European settlement.The company's shares were down nearly 9% in recent trade.
Taiwanese companies are increasing investment in the Philippines as global supply chains move away from China and ties between Manila and Washington grow stronger, Focus Taiwan reported Tuesday, citing Chung-Hua Institution for Economic Research expert.Investment has picked up notably since the COVID-19 pandemic, reaching about $257 million in 2025, although Vietnam still attracts more Taiwanese businesses in the region, according to the report.Companies are also responding to pressure from U.S. clients to set up production outside China. The Philippines is seen as attractive due to its young workforce, English skills, and location, but challenges remain such as higher power costs and limited high-end technical talent, the news outlet said.(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.)