Hua Hong Semiconductor (HKG:1347, SHA:688347) changed its English name to Hua Hong Grace Semiconductor, effective May 27, according to a Wednesday filing with the Hong Kong bourse.
Shares of the semiconductor company were up over 5% in Thursday afternoon trading.
The firm's stock short name will be changed to HUA HONG GRACE from "HUA HONG SEMI" effective June 8.
Chinese carbon dioxide emissions rose 2% in the first quarter due to an increase in unused power generated by renewables, according to an analysis published Thursday on Carbon Brief.Coal and gas usage for power generation grew in the same quarter despite a record amount of capacity for wind and solar power, Centre for Research on Energy and Clean Air lead analyst Lauri Myllyvirta said in the report.An increase in reported curtailment due to inflexible management of coal power plants and power grids, and not a lack of grid infrastructure, led to wasted power from renewables, Myllyvirta said.Solar and wind usage rates fell in the first quarter, Bloomberg reported separately the same day, citing data from the National New Energy Consumption Monitoring and Early Warning Center published in May.The inability to leverage fully China's wind and solar power sources could expose the country further to the effects of the closure of the Strait of Hormuz, the analysis said.
Petronas Gas (KLSE:PETGAS) signed a binding heads of agreement with Tenaga Nasional (KLSE:TENAGA) unit Integrax, to jointly develop the third regasification terminal (RGT-3) in Perak, Malaysia.The project will be developed through a special purpose vehicle, and is based on a floating storage regasification unit (FSRU) concept, according to a Thursday Malaysian bourse filing.The planned facility boasts an engineered LNG storage capacity of 170,000 cubic metres and a send-out capacity of 500 million standard cubic feet per day.The fuel procurement and supply arm of Tenaga Nasional, TNB Fuel Services, will underwrite the terminal's capacity in phases. Full capacity expected from 2030 onwards, it added.
New vehicle sales data continued to deteriorate across ARB's (ASX:ARB) key platforms on a year-over-year basis, Jarden said in a note on Wednesday.May data shows the recent clear shift towards electric vehicles and hybrid vehicles continues at the expense of internal combustion engine sales, with electric vehicle share hit 20% and total electrified 46% of new car sales.Jarden said it was not convinced ARB's core customer is switching to these electric and hybrid vehicles. Higher interest rates and fuel prices are having a short-term demand impact on diesel vehicles. However, ARB is losing domestic market share to competing four-by-four accessory brands.Toyota is the largest drag on sales data, and much of this is accounted for by supply constraints, which are expected to improve through the second half of the year, and read-through from new vehicle sales is expected to improve from the September quarter onwards.The investment firm retained its neutral rating on ARB and reduced its price target to AU$20.55 per share from AU$20.70 per share.