Standard Chartered (HKG:2888) repurchased 777,000 shares on Monday at an average price of 18.89 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.
The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.
Wiscom System (SHE:002090) won two bids totaling 80.0 million yuan, according to a Tuesday filing with the Shenzhen bourse.The company secured 66.9 million yuan from China's State Grid for relay protection and substation monitoring systems.Subsidiary Jiangsu Dongda Wiscom won a 13.1 million yuan contract for weak current information technology construction at the Xinjiang People's Hospital National Emergency Medical Rescue Base.Shares of the information technology services provider closed 1% higher Tuesday.
JSW Steel's (NSE:JSWSTEEL, BOM:500228) 1% year-on-year decline in consolidated crude steel production to 2.12 million tons in April from 2.14 million tons a year ago, according to a Tuesday filing on Indian exchanges.Production was impacted by the ongoing shutdown of Blast Furnace-3 at the Vijayanagar plant for capacity expansion, it said.Crude steel output from Indian operations was down 1% year-on-year to about 2.04 million tons, the company said in the filing.Excluding BF3 production from last year's base, year-on-year volumes grew 10%, driven by the full ramp-up of the operations of its subsidiary JSW Vijayanagar Metallics.Output at the company's Ohio facility in the U.S. declined 7% year-on-year to 78,000 tons.The capacity utilization for Indian operations for the month, excluding the BF3 capacity, was at 94%, and including BF3 capacity was at 83%.The company's shares were down nearly 1% in recent trade.
Malaysian shares reversed yesterday's losses on Tuesday as the country's unemployment rate remained unchanged in April. The index bucked broader regional losses as concerns grow over a US-Iran ceasefire.The FTSE Bursa Malaysia KLCI gained 5.25 points to end 0.3% higher at 1,750.56. The day range was between 1,748.45 and 1,755.54.In economic news, Malaysia's unemployment rate stood at 2.9% in March, unchanged from the previous month, according to data released by the country's Department of Statistics. The number of unemployed persons in Malaysia rose 0.4% to 509,000 in March from 506,800 in February.Malaysia is also looking to strengthen its role in the global AI and semiconductor industry by encouraging more chip-related companies to list on Bursa Malaysia, The Star reported Tuesday, citing Deputy Finance Minister Liew Chin Tong.Moreover, Malaysia will continue with its fuel subsidy restructuring, prompted by a surge in spending, even with the possibility of a general election this year, Bloomberg News reported Tuesday, citing a key finance ministry official.In corporate news, EI Power's (KLSE:EIPOWER) initial public offering (IPO) for listing on the ACE Market of Bursa Malaysia was oversubscribed by 30.77 times by the Malaysian public. The company received 21,490 applications for 1.11 billion shares worth 533.7 million ringgit, for the 35 million shares allocated to the public.Bumi Armada (KLSE:ARMADA) decided to voluntarily dissolve its unit, Bumi Armada (Labuan), as part of the group's streamlining exercise. Shares ended flat on Tuesday.