Minmetals Development (SHA:600058) appointed Li Zhicong chairman, according to a Shanghai bourse filing on Wednesday.
Li stepped down as general manager to take up the new role.
The Chinese integrated steel trading and logistics services provider has yet to name a new general manager.
Taiwan is emerging as a key force in global AI development, supported by a strong economic upgrade, and is expected to enter the world's top 20 economies in 2027, CNA reported Wednesday, citing President Lai Ching-te's opening address at COMPUTEX 2026.He said Taiwan's stock market capitalization reached $4.95 trillion in May, ranking fifth globally, while the government raised its economic growth forecast to 9.64% for next year. He credited these gains to coordinated efforts across industry, SMEs, and workers, according to the report.Lai also highlighted growing global tech investment and government measures to secure talent, land, water, and power supply, adding that Taiwan aims to remain a stable and trusted hub for AI-driven growth, CNA 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.)
Asahi (TYO:3333) reported a 1.4% year-on-year increase in net sales for May, according to a Wednesday filing on the Tokyo Stock Exchange.Customer numbers inched up 0.8% during the period from April 21 to May 20, while sales per customer gained 0.7%, indicating growth was driven primarily by footfall.At existing stores, sales increased 0.4%, with customer numbers slipping 0.2% and spending per customer up 0.6%.
Nippon Life Insurance will invest about 1.5 trillion yen in private credit and structured credit strategies through Blackstone over the next five years, the companies said Wednesday.The allocation is part of a broader partnership between the two firms, which also covers real estate and asset management capabilities.