Northern Star Resources (ASX:NST) withdrew from the earn-in under the Egina earn-in and joint venture agreement with Novo Resources (ASX:NVO), according to the latter's statement released on Wednesday.
Data collected from Northern Star's exploration will be kept by Novo Resources, which plans to continue exploration on the Egina tenements in Western Australia, the statement said.
Imricor Medical Systems (ASX:IMR) was granted a waiver from certain ASX listing rules, effective Tuesday, in order to align its ASX periodic reporting with the reporting requirements in its home jurisdiction in the US, according to a Wednesday Australian bourse filing.The company said its registration statement on Form 10 became effective on May 17, making it a US public reporting company, subject to the periodic reporting requirements, including requirements to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K with the US Securities and Exchange Commission (SEC).Imricor will not be required to lodge an Appendix 4D, an Appendix 4E, and an Appendix 4C.The waiver will cease to apply if Imricor ceases to be subject to an obligation to file Forms 10-K and Forms 10-Q with the US SEC.
Japanese machinery manufacturer Nabtesco (TYO:6268) plans to begin mass production of fully electric power steering systems for large commercial vehicles in 2027, Nikkei reported on Wednesday.This will mark the world's first mass production of such a system for large trucks and buses, with expected uptake in China, the largest EV market, likely to drive broader global adoption, the news agency said.Nabtesco recently supplied a newly developed fully electric power steering unit to China's state-owned CRRC, a global leader in rolling stock manufacturing, the publication said.CRRC intends to integrate the component into its next-generation bus system featuring four connected carriages, which is currently undergoing prototype vehicle trials, the report 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.)
Japan plans to start trade talks with South American bloc Mercosur, aiming to secure alternative oil and mineral supplies while reducing auto tariffs in a growing market, Nikkei Asia reported Wednesday.Japanese Prime Minister Sanae Takaichi is expected to meet Brazilian President Luiz Inácio Lula da Silva on the sidelines of the mid-June G7 summit, with plans to also engage other Mercosur members, the publication said.The bloc - comprising Brazil, Argentina, Uruguay, Paraguay, and Bolivia - has nearly 300 million people and a GDP exceeding $3 trillion, roughly 75% of ASEAN's, the news daily said.Japan has free trade deals with ASEAN, Australia, and the EU, but not with Mercosur, leaving ample room for growth, as fiscal 2025 exports to the bloc were only 0.8% of Japan's global total and imports 1.3%, it 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.)