FINWIRES · TerminalLIVE
FINWIRES

South Korea Denies Report on US Proposal of Acquiring Westinghouse Stake

By

The South Korean government has dismissed a recent local report that the U.S. has proposed that Seoul acquire a stake in U.S. nuclear company Westinghouse Electric.

The Korea Economic Daily, citing unidentified government officials, reported on Aug. 24 that the U.S. proposed that South Korea invest in Westinghouse via a special purpose vehicle, with KEPCO as the acquiring entity using a $200 billion investment fund.

However, the Ministry of Trade, Industry and Energy has dismissed the report as inaccurate and urged caution in reporting, according to a statement on Tuesday.

Related Articles

Asia

Pilbara Gold Says Drilling Extends Gold Mineralization at Western Australia Gold Project; Shares Rise 3%

Pilbara Gold (ASX:PGL) said drilling extended gold mineralization at both Main Hill and Main Hill Extension at the Mt York gold project in Western Australia, with mineralization remaining open at depth, according to a Monday Australian bourse filing.Drilling is testing extensions of the deposit at depth, targeting a large open-pit operation, the company said. It hit intercepts of 10 meters at 4.02 grams per tonne (g/t) grade of gold from 262 meters, 12 meters at 3.63 g/t grade of gold from 295 meters, as well as 22 meters at 2.04 g/t grade of gold from 122 meters.Five drilling rigs are currently on site at the project, with a sixth rig due in September, per the company.Its shares rose 3% in recent trading on Monday.

ASX:PGL
Asia

ANZ Says Customer Scam Losses Fall Around 24% Between June, October 2025

ANZ Group Holdings (NZE:ANZ, ASX:ANZ) said Monday its customer scam losses fell by around 24% year over year for the period between June and October 2025.The bank said in a statement that it prevented and recovered over AU$100 million in scam and fraud-related funds. Over 476,000 payments were abandoned after a Confirmation of Payee mismatch warning during this period, it added.The bank's New Zealand shares added 1% in recent Monday trade.

ASX:ANZNZE:ANZ
Asia

AVIC Chengdu Aircraft Sets Validity for Service Agreements with Parent Through End-2028

AVIC Chengdu Aircraft (SHE:302132) set the validity for its goods supply and comprehensive service agreements with parent Aviation Industry Corp. of China (AVIC) until Dec. 31, 2028, according to a Monday filing with the Shenzhen bourse.AVIC will provide technical and processing services, equipment maintenance, and power and gas supply, among other services, to its listed subsidiary.In turn, AVIC Chengdu will provide its parent information, technology, management, and other consulting services, inspection and testing, general aviation airport services, among other services.Transactions between the two parties have reached 7.09 billion yuan as of June 30.

SHE:302132