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SoftBank Group Expands Arm CEO Rene Haas's Role to Lead International Operations

SoftBank Group (TYO:9984) said Rene Haas, CEO of Arm and a member of SoftBank's board, will take on the additional role of CEO of SoftBank Group International (SBGI) starting April 21, according to a statement issued on the same day.In this expanded position, Haas will oversee SBGI, an operating platform managing certain international subsidiaries of SoftBank, and focus on improving coordination across semiconductor and AI companies within the portfolio to boost operational efficiency.He will continue to serve as Arm's CEO and remain on its board of directors.

TYO:9984

Asia111d ago

Perseus Mining Posts Lower Fiscal Q3 Gold Production, Completes Sale of Interest in Sudan Project

Perseus Mining (ASX:PRU) said fiscal third-quarter production totaled 107,144 ounces of gold at all-in site costs (AISC) of $1,748 per ounce, with gold sales of 96,260 ounces at an average sales price of $4,143 per ounce, according to a Thursday Australian bourse filing.The company's third-quarter fiscal 2025 gold production was 121,605 ounces at an AISC of $1,209 per ounce, while gold sales were 117,585 ounces for an average sales price of $2,462 per ounce, an earlier filing showed.The company reaffirmed its fiscal 2026 production guidance of 400,000 to 440,000 ounces at an AISC of $1,600 to $1,760 per ounce.Perseus completed the sale of its 70% group interest in the Meyas Sand Gold Project in Sudan for $260 million in cash, the filing added.

ASX:PRU

Asia111d ago

Black Cat Syndicate Reports Almost 24,000 Ounces of Gold Production in March Quarter

Black Cat Syndicate (ASX:BC8) reported March quarter gold production of 23,952 ounces, including third-party production of 11,553 ounces, according to a Thursday filing with the Australian bourse.The company said production came in slightly below its outlook of 25,000 to 28,000 ounces.Black Cat Syndicate expects June quarter production to be similar to the March quarter, but with "significantly higher" cash margins given a transition to gold ore extracted from mining projects wholly owned by the company.

ASX:BC8

Asia111d ago

ASX Preview: Australian Shares to Fall as Oil Prices Surge on Strait of Hormuz Shipping Attacks; Regis Resources' Gold Production Rises in Fiscal Q3

Australian shares are poised to fall on Thursday after oil prices surged more than 3% overnight amid fears of supply disruption triggered by attacks on shipping in the Strait of Hormuz, a surprise drawdown in US fuel inventories, and renewed geopolitical tensions involving Iran and the US, and ceasefire uncertainty.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.1%, 1.6%, and 0.7%, respectively.In the macroeconomy, Australia's private sector activity stabilized in April after March's decline, as a modest recovery in services was offset by continued weakness in manufacturing amid soft domestic demand, rising cost pressures, and supply chain disruptions linked to Middle East tensions, according to a survey by S&P Global released Thursday.In corporate news, Regis Resources (ASX:RRL) reported gold production of 90,592 ounces for the fiscal third quarter ended March 31, with an all-in sustaining cost of AU$2,807 per ounce, compared with 89,666 ounces at AU$2,538 per ounce in the same quarter a year earlier.Temple & Webster (ASX:TPW) said co-founder and Chief Executive Officer (CEO) Mark Coulter will transition to the role of executive chair, with Susie Sugden appointed as the company's next CEO, effective July 1.Australia's benchmark index fell 1.2% or 105.8 points to close at 8,843.60 on Wednesday.

ASX 200ASX:RRLASX:TPW

Asia111d ago

Market Chatter: Inpex CEO Outlines Emergency Shift Amid Hormuz Closure

Japan's Inpex (TYO:1605) has seen its exports from the United Arab Emirates come to a halt, following the effective shutdown of the Strait of Hormuz due to U.S.-Israeli attacks on Iran, Nikkei reported on Thursday, citing President and CEO Takayuki Ueda.While crude production in Abu Dhabi has dropped sharply, the company's facilities have not sustained any damage, Ueda told the news daily in an interview.Most of Inpex's contracts are free on board, and buyers unable to navigate the closed strait sometimes invoke force majeure, Ueda said during the interview.The company also holds assets in Azerbaijan, Kazakhstan, and Australia, though shipping from those nations to Japan takes two to three times longer than from the Middle East, the report said.Given the current crisis, Inpex intends to prioritize spot sales to Japanese refiners such as Eneos (TYO:5020), Idemitsu (TYO:5019), Cosmo Energy (TYO:5021), and Taiyo Oil, the news agency said.While Japan must reduce its reliance on Middle Eastern crude, Ueda stressed that drastically cutting supplies from the UAE and Saudi Arabia is unrealistic, so strengthening ties with the region remains essential alongside any diversification efforts, it added.(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.)

TYO:1605TYO:5019TYO:5020TYO:5021

Asia111d ago

Deep Yellow Completes Exploration Drilling at Namibia Prospect

Deep Yellow (ASX:DYL) completed reverse circulation infill drilling at the Tinkas prospect in Namibia, north-west of the Tumas project, on March 18, comprising 133 holes for 1,363 meters, according to a Thursday Australian bourse filing.Uranium mineralization of over 100 parts-per-million grade of triuranium octoxide-equivalent was intersected in 38 holes, the filing said. Further infill drilling may be required to establish a resource in the Tinkas area.The company also completed a high-resolution reflection seismic survey over the Condor Prospect at the Alligator River project in the Northern Territory to identify drill targets, per the filing. It aims to start drilling in the region in the June quarter.

ASX:DYL

Asia111d ago

Regis Resources' Gold Production Rises in Fiscal Q3

Regis Resources (ASX:RRL) produced 90,592 ounces of gold in the fiscal third quarter ended March 31, at an all-in sustaining cost (AISC) of AU$2,807 an ounce, according to a Thursday filing with the Australian bourse.The company produced 89,666 ounces of gold at an AISC of AU$2,538 per ounce in the quarter ended March 31, 2025, an earlier filing showed.Revenue for the quarter was AU$621.9 million, compared with AU$371.7 million in the previous year.The company expects fiscal year 2026 production in the range of 350,000 to 380,000 ounces, with AISC expected to be between AU$2,610 and AU$2,990 per ounce.The company has increased its growth capital guidance to between AU$240 million and AU$255 million, up from the previous range of AU$220 million and AU$235 million.

ASX:RRL

Asia111d ago

Pantoro Gold Enters Partnership Agreement for High-Grade Rama Open Pit in Western Australia

Pantoro Gold (ASX:PNR) said it has entered into a partnership agreement with Mega Resources and Bain Global Resources for the high-grade Rama Open Pit in Western Australia, according to a Thursday Australian bourse filing.The agreement includes an exclusive option for Pantoro Gold to mine and develop the high-grade underground mine beneath the open pit through a profit-sharing agreement, the company added.The company said it will advance up to AU$20 million to fund mining of the Rama Open Pit stage two, secured by a first-ranking interest over project tenure, with all loaned amounts earning interest at 5% per year and funds to be used solely to discharge existing debt and develop the second stage of the open pit.Advanced funds will be recouped from revenue generated from gold delivered by Mega at AU$1,000 per ounce, with all funds to be repaid within eight months of commencement, while Pantoro Gold will pay Mega between 70% and 80% of the value of reconciled gold produced, depending on ore grade, the filing added.Mega expects to deliver about 115,000 tonnes at 4.7 grams per tonne (g/t) gold with a minimum delivery obligation of 17,700 ounces, per the filing.Pantoro Gold holds an exclusive 12-month option to provide a work program for a potential underground operation following completion of the Rama Open Pit.

ASX:PNR

Asia111d ago

Core Lithium Reports AU$91.6 Million March Quarter-End Cash Balance, Awaits Shareholder Approval for Further Funding

Core Lithium (ASX:CXO) said its cash balance stood at AU$91.6 million as of March 31, up from AU$48.7 million at Dec. 31, 2025, including tranche one of its equity raise, with a further about AU$37 million received post-quarter end from tranche one of the convertible note funding, according to a Thursday Australian bourse filing.The company said the second tranche of the funding package, comprising an equity raise of AU$67 million and convertible notes of AU$62 million, both before costs, will "significantly" add to cash reserves, subject to shareholder approval at a general meeting convened for May 5, and Foreign Investment Review Board (FIRB) approval for the convertible notes.Proceeds from the sale of the Finniss spodumene concentrate stockpile are not due to be received until June and are not included in the cash balance at the end of the quarter, the filing added.

ASX:CXO

Asia111d ago

Ampol Submits Final ACCC Remedy Package for EG Australia Acquisition

Ampol (ASX:ALD) submitted its final remedy package to the Australian Competition and Consumer Commission (ACCC) on Wednesday for its proposed acquisition of EG Australia, offering to increase the number of planned divestments to 41 sites from 37, according to a Thursday filing with the Australian bourse.The company plans to sell the sites as a single package and is in advanced discussions with potential buyers, per the filing.The ACCC's phase two decision is expected by June 5, with a possible extension of up to 15 business days, and the transaction is still planned to close in mid-year subject to regulatory and other standard approvals, the filing added.

ASX:ALD

Asia111d ago

Temple & Webster Says CEO Mark Coulter to Become Executive Chair, Susie Sugden Named Next CEO

Temple & Webster (ASX:TPW) said co-founder and Chief Executive Officer (CEO) Mark Coulter will transition to the role of executive chair, with Susie Sugden appointed as the company's next CEO, effective July 1, according to a Thursday Australian bourse filing.Sugden is a former Temple & Webster executive who most recently served as chief executive of Love To Dream, a global sleepwear brand operating in more than 40 countries, the filing added.

ASX:TPW

Asia111d ago

South32 to Generate Strong Fourth-Quarter Cash Flow, Says Jefferies

South32 (ASX:S32) is poised to generate strong cash flow in the fourth quarter, helped by robust commodity prices and inventory sales, despite operational disruptions due to adverse weather conditions, Jefferies said in a note on Wednesday.The investment firm had previously expected some working capital unwind in the third quarter, but a higher impact is now expected in the June quarter due to strengthening commodity markets.The miner reported a 6% quarter-on-quarter decline in alumina production of 1.2 million tonnes, missing Jefferies' forecast of around 1.3 million tonnes. Its GEMCO sales, which beat market expectations, also came in roughly 2% below Jefferies' estimates.Analysts at the firm see risk in the Hermosa project timing and capital expenditure update ahead of the company's second-half review.Jefferies maintained a buy rating on South 32 and increased the price target to AU$5.25 from AU$5.20.

ASX:S32

Asia111d ago

APA Group Secures Nearly AU$2 Billion in Debt to Fund Growth Strategy

APA Group (ASX:APA) has raised AU$1.5 billion through AU$1 billion in hybrid subordinated capital securities and AU$500 million in 10-year senior notes to support its ongoing expansion plans, according to a Thursday Australian bourse filing.The hybrid component is split into two 30-year instruments of AU$400 million and AU$600 million, both paying a fixed 6.77% interest rate and callable after 7.5 years, while the senior notes carry a 10-year maturity with a 6.42% interest rate, the filing said.

ASX:APA

Asia111d ago

Scentre Group Launches Over $1 Billion Tender Offer for 2030 Subordinated Notes

Scentre Group (ASX:SCG) launched an "any and all" tender offer to repurchase its entire $1.31 billion of non-call 2030 subordinated notes, according to a Thursday Australian bourse filing.The company plans to fund the purchase of the notes through borrowings under its existing senior bank facilities, the filing added.

ASX:SCG

Asia111d ago

Bank of Queensland Faces Extremely Challenged Near-Term Outlook, Says Jefferies

Bank of Queensland (ASX:BOQ) is reeling from an "extremely challenged" near-term outlook following weaker-than-expected fiscal 2026 first-half results, Jefferies said in a note on Wednesday.The investment firm lowered its fiscal 2026 and 2027 EPS estimates by 3% due to higher costs and increased provisions after the bank reported a 4% decline in half-yearly cash earningsJefferies said management might be overstating the impact of its new capital partnership with Challengers, adding that it expects it will be hard to lift returns to cost-of-capital levels. However, the deal should provide a positive tailwind to the company.The bank's loan book remains in run-off amid a sluggish housing market, which is not expected to return to growth until fiscal 2027.Jefferies reaffirmed its underperform rating, noting the stock is trading at around a 25% discount to book value, and cut its price target to AU$5.64 from AU$5.76.

ASX:BOQ

Asia111d ago

ikeGPS Group Posts Higher Revenue in Fiscal 2026

ikeGPS Group (ASX:IKE, NZE:IKE) reported total revenue of around NZ$26.6 million for fiscal 2026, up 6% compared with the previous year, according to a Thursday Australian and New Zealand bourse filing.The company reported total revenue of NZ$25.2 million for the 12 months ended March 31, 2025, an earlier filing showed.The company reported an exit run rate of platform subscription revenue of about NZ$20.7 million annualized, up 18% from a year ago.The company had 463 subscription customers in fiscal 2026, added 83 new customers during the year, and maintained a customer retention rate of around 97%.The company materially delivered around 35% subscription revenue growth in fiscal 2026 guidance and expects similar levels of growth in platform subscription revenue for fiscal 2027.The company reported total cash of NZ$33 million as at March 31, with net receivables of NZ$4.3 million and no debt.

ASX:IKENZE:IKE

Asia111d ago

Huaqin Nets HK$4.5 Billion From Hong Kong IPO Ahead of Debut

Huaqin (HKG:3296, SHA:603296) raised HK$4.46 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$77.70 per H-share, according to a Wednesday after-market filing with the Hong Kong Stock Exchange.The China-based smart hardware products manufacturer offered 58.5 million H-shares in the global offering.The Hong Kong public offer was 531.33 times subscribed, with a final allocation of 5.9 million shares, representing 10% of the total offering.The international offering was 13.34 times subscribed, with a final allocation of 52.7 million shares, or 90% of the total offering.An over-allocation of 8.8 million shares was made under the global offering.Cornerstone investors, including JPMAMAPL, UBS Asset Management (Singapore), Shanghai Gaoyi, Perseverance Asset Management, Cloud Map, Taikang Life, and Aurora SF, were allotted a combined 29.3 million shares, according to the filing.Huaqin is scheduled to debut on the Hong Kong bourse on Thursday, April 23.

HKG:3296SHA:603296

Asia111d ago

Downer EDI Unit Prices AU$400 Million Issue of Seven-Year Notes

Downer EDI's (ASX:DOW, NZE:DOW) financing arm, Downer Group Finance, priced an issue of AU$400 million in seven-year medium-term notes (MTN) at a fixed rate of 6.488%, according to a Thursday filing with the Australian and New Zealand bourses.The issuance, part of the company's AU$1.25 billion debt issuance program, extends the company's debt maturity profile to about four years as of June 30, diversifies its funding sources, and replaces AU$500 million of maturing MTNs, per the filing.The MTNs are scheduled to be issued on April 28, the filing added.

ASX:DOWNZE:DOW

Asia111d ago

Comvita Launches NZ$30 Million Rights Offer

Comvita (NZE:CVT) launched a pro-rata renounceable rights offer to raise up to NZ$30 million to support bank refinancing, according to a Thursday filing with the New Zealand bourse.The offer allows eligible shareholders to purchase one new share for every 1.53 existing shares held at NZ$0.65 apiece, a 2.7% discount to the theoretical ex-rights price of NZ$0.67, per the filing.Shareholders may trade rights on the New Zealand Exchange, and those who fully subscribe can apply for extra shares via an oversubscription facility, though allocation is not guaranteed, the filing added.

NZE:CVT

Asia111d ago

Genesis Energy Posts Lower Fiscal Q3 Retail Electricity Sales; Raises Fiscal 2026 EBITDAF Guidance

Genesis Energy (ASX:GNE, NZE:GNE) reported total retail electricity sales of 1,380 gigawatt-hours (GWh) for the fiscal third quarter ended March 31, down from 1,474 GWh in the same quarter a year earlier, according to a Thursday filing with the New Zealand bourse.The company's retail customers fell to 491,532 in the quarter from 526,327 a year earlier, and wholesale electricity sales declined year over year to 998 GWh from 1,434 GWh, the filing said.The company's total retail gas sales were 0.8 petajoules in the March quarter, down from 1.2 petajoules in the same quarter last year.The company raised its fiscal 2026 guidance for normalized earnings before interest, taxes, depreciation, amortization, and fair-value adjustments to a range of NZ$515 million to NZ$545 million from its previous forecast of NZ$490 million to NZ$520 million.

ASX:GNENZE:GNE

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