Financial News · Live Terminal

Page 1078 of 1154

Podium Minerals Completes Metallurgical, Resource Extension Drilling at Western Australia Project

Podium Minerals (ASX:POD) completed the metallurgical and resource extension drilling campaign at its Parks Reef project in Western Australia, according to a Monday filing with the Australian bourse.A total of 23 diamond holes and four reverse circulation holes were completed, amounting to about 4,800 meters drilled, the filing said.Assay results will be released in progressive batches as they are received, per the filing.Shares fell nearly 2% in morning trade Monday.

ASX:POD

Asia113d ago

Market Chatter: Cyfuse Moves 3D Cell-Based Knee Therapy Into Human Trials

Cyfuse Biomedical K.K (TYO:4892) is advancing its regenerative medicine platform into human trials, with a new therapy aimed at repairing knee bone and cartilage using 3D-printed cell constructs, Nikkei reported Monday.The physician-led study, conducted with Keio University and Fujita Health University, will test implants created from patients' own fat-derived cells. The trial, expected to begin as early as July, will enroll five patients with idiopathic osteonecrosis of the knee, according to the report.Cyfuse's technology produces scaffold-free, three-dimensional tissue using living cells, designed to integrate more naturally and lower rejection risk. The knee program marks a step toward addressing conditions where both bone and cartilage are damaged, an area with limited treatment options beyond joint replacement, the report said.The company has already validated safety in preclinical studies and is positioning the therapy as part of a broader pipeline in regenerative medicine. Earlier this year, Cyfuse began a separate clinical study focused on nerve repair using similar cell-based structures, according to the report.(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:4892

Asia113d ago

Kingfisher Mining Restarts Drilling at New South Wales Copper-Gold Project

Kingfisher Mining (ASX:KFM) recommenced drilling at its Copper Blow copper-gold project in New South Wales with the mobilization of a reverse circulation drilling rig, according to a Monday filing with the Australian bourse.The drilling was due to start earlier this year but was delayed due to weather, access constraints, and the timing of regulatory approvals, the company said, adding that these issues have now been resolved.The work will support future development studies under a mining and processing agreement with Broken Hill Mines (ASX:BHM), per the filing.Broken Hill Mines' shares shed about 1% in recent Monday trade.

ASX:BHMASX:KFM

Asia113d ago

Antipa Minerals Starts Drilling Campaign at Western Australia Project

Antipa Minerals (ASX:AZY) started a 41,000-meter drilling campaign at its Minyari project in Western Australia, according to a Monday filing with the Australian bourse.The program will cover 321 holes to target new discoveries and further growth to existing deposits and is expected to be completed in the second half of the year, the filing said.Shares fell 1% in morning trade Monday.

ASX:AZY

Asia113d ago

South Korean Shares Open Flat as US-Iran Tensions Continue

South Korean shares opened flat with a positive bias on Monday as tensions between the U.S. and Iran continue.The benchmark Korea Composite Stock Price Index, or Kospi, marginally rose to open at 6,213.92. The Kosdaq also gained slightly to begin trading at 1,167.10.Iran's military command, Khatam al-Anbiya, on Monday accused the U.S. of violating a two-week ceasefire after the U.S. Navy destroyer USS Spruance intercepted an Iranian-flagged cargo vessel called Touska near the Strait of Hormuz.In a post on Truth Social on Sunday, U.S. President Donald Trump said the vessel ignored warnings and was seized by U.S. Marines, adding that the vessel was under US Treasury sanctions over alleged past "illegal activity."

^KOSDAQKOSPI

Asia113d ago

Trek Metals Chairman to Resign; Shares Fall 5%

Trek Metals (ASX:TKM) said that Chairman Tony Leibowitz has resigned, effective April 30, due to overseas travel for at least six months, according to a Monday Australian bourse filing.Non-Executive Director Andrew Reece will succeed Leibowitz as chairman as part of a planned board succession process, while Leibowitz will remain in an advisory capacity, the filing added.The company's shares fell around 5% in recent Monday trade.

ASX:TKM

Asia113d ago

Amplitude Energy Reports Higher Fiscal Q3 Production, Sales; Shares Down 4%

Amplitude Energy (ASX:AEL) reported fiscal third-quarter production of 6.9 petajoules equivalent, up from 6.1 petajoules equivalent in the year-ago period, according to a Monday filing with the Australian bourse.The company also reported a sales volume of 6.8 petajoules equivalent for the March quarter, up from 6 petajoules equivalent a year earlier, as well as "record quarterly revenue" of AU$74.1 million, compared with AU$63.4 million in the prior-year period.The production capacity for Amplitude's Orbost Gas processing plant in Victoria has increased with successful production trials above previous nameplate capacity, and further production improvement is expected in the fiscal fourth quarter, the company said.It has also completed maintenance at the Otway Basin and development work at the Cooper Basin, with additional gas and liquids production expected from those operations, respectively, per the filing.The company's shares were down nearly 4% in recent Monday trade.

ASX:AEL

Asia113d ago

Market Chatter: Japan Aluminum Shortage Threatens Auto Output

Japan's dependence on Middle Eastern aluminum is disrupting production as the Iran conflict curbs shipments and lifts prices about 13%, Bloomberg News reported Monday.Auto and parts makers, including Toyota Motor (TYO:7203) and Denso (TYO:6902), are exposed, with about 70% of imports sourced from the region. Denso cut output by roughly 20,000 units in March, according to the report.Kato Light Metal said it has inventory through May and will shift to Southeast Asian suppliers as Middle East deliveries halt, the report said.Japan imported about 30% of its aluminum from the region in 2025, leaving it among the most vulnerable to shortages. Damage to refineries and shipping bottlenecks could keep supply tight for months, with broader disruptions likely as inventories run low, according to the report.(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.)

Nikkei 225TYO:6902TYO:7203

Asia113d ago

4DMedical Secures One-Year Deal With GlaxoSmithKline

4DMedical (ASX:4DX) secured a one-year contract with GlaxoSmithKline, in collaboration with imaging data platform Flywheel Exchange, to provide its quantitative lung imaging analytics from May to support pulmonary drug development and clinical research, according to a Monday filing with the Australian bourse.Additionally, the company's CT:VQ imaging technology obtained UK Conformity Assessed certification, allowing for the commercial deployment across both public and private healthcare providers within the UK, the filing said.The company will also be included in the S&P/ASX 200 Index, effective before the open of trading on Monday, per the filing.4DMedical's shares rose around 1% in morning trade Monday.

ASX:4DX

Asia113d ago

St Barbara Upgrades Annual Gold Production Outlook

St Barbara (ASX:SBM) upgraded its gold production outlook to 200,000 ounces per year, with a compound annual growth rate of 59%, rising to 191,000 ounces in fiscal 2030 from 48,000 ounces in fiscal 2027, according to a Monday filing with the Australian bourse.The New Simberi gold project's attributable gold production is set to rise to about 100,000 ounces per year at an anticipated life-of-mine (LOM) average all-in sustaining cost (AISC) of $1,336 per ounce, the filing said.Meanwhile, the 15-Mile processing hub project average gold production is expected to exceed 100,000 ounces per year at an anticipated LOM average AISC of $1,188 per ounce, per the filing.

ASX:SBM

Asia113d ago

Iress Launches Retirement Income Product on Xplan Platform

Iress (ASX:IRE) launched a retirement income product on its Xplan financial planning and wealth management platform, the company said in a Monday statement.The product will help financial advisers model, compare, and implement retirement income strategies within Xplan, integrating account-based pensions with guaranteed and market-linked lifetime income products under a single workflow, the company said.

ASX:IRE

Asia113d ago

ASX Confirms Successful Launch of Chess Release 1 Clearing Platform

ASX (ASX:ASX) successfully launched Release 1 of its Chess modernization project, enabling clearing services on a new platform designed for greater resilience, scalability, and higher trading volumes, according to a Monday filing with the Australian bourse.All approved market operators are successfully connected ahead of the market open, and the system is being closely monitored throughout trading, settlement, and end-of-day processing, with contingency plans ready in case any issues arise, the filing said.The estimated cost for Chess Release 1 remains within the previously stated budget of around AU$125 million, the filing said. Release 2, which will introduce settlement and sub-register services, is currently being prepared, with industry testing in progress and is scheduled for delivery in 2029.

ASX:ASX

Asia113d ago

Japanese Stocks Open Slightly Higher As Strait of Hormuz Standoff Continues

Japanese shares opened slightly higher on Monday, buoyed by a relief rally fueled by hopes of easing tensions in the Middle East.The Nikkei 225 added 345.3 points, or 0.6%, to begin the day at 58,821.16.The global crude benchmark, Brent, surged to about $96 per barrel as fresh concerns set in following an escalation in U.S.-Iran hostilities over the weekend, coupled with an ongoing deadlock in the Strait of Hormuz.Iran has indicated it may sit out a second round of talks scheduled for this week, according to various media reports.Separately, U.S. President Donald Trump reported that the U.S. Navy fired on and seized an Iranian-flagged cargo vessel in the Gulf of Oman after it ignored orders to halt while departing the Strait of Hormuz, marking the first major confrontation since the blockade began a week ago.

Nikkei 225

Asia113d ago

Qube Holdings Expects Up to AU$20 Million Impact to Earnings From Middle East Conflict

Qube Holdings (ASX:QUB) expects AU$10 million to AU$20 Million impact to its earnings in fiscal 2026 due to the conflict in the Middle East, according to a Monday Australian bourse filing.The impact will be driven by higher fuel costs, lower agri volumes due to higher shipping costs and inability of vessels to reach key markets in the Middle East, as well as lower forestry exports due to higher shipping costs.The largest earnings impact is expected to be in the logistics and infrastructure business unit, with a more limited impact on the ports and bulk business unit.The company continues to expect to deliver underlying earnings growth in fiscal 2026.

ASX:QUB

Asia113d ago

Australian Banks Back Interest-Free Loans Under Australian Government Program

Australian banks support the roll-out of interest-free loans to businesses through the government's AU$1 billion Economic Resilience Program under the National Reconstruction Fund, the Australian Banking Association said in a statement on Monday.Businesses in identified priority sectors with an annual turnover of AU$100 million or less can secure a zero-interest loan of up to AU$5 million under the program, the banking group said.Banks participating in the program include the Commonwealth Bank of Australia (ASX:CBA), National Australia Bank (ASX:NAB), Westpac Banking (ASX:WBC, NZE:WBC), and ANZ Group (ASX:ANZ, NZE:ANZ), per the statement.Commonwealth Bank shares fell nearly 1% in morning trade in Australia, while National Australia Bank shares were down past 3%.Meanwhile, Westpac Banking and ANZ Group shares fell nearly 1% in recent trade in New Zealand.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC

Asia113d ago

Karoon Energy Says Fitch Affirms 'B' Rating, Revises Outlook to Negative; Shares Down 4%

Karoon Energy (ASX:KAR) said that Fitch Ratings has affirmed its long-term issuer default rating at "B" while revising the outlook to negative from stable, according to a Monday filing with the Australian bourse.Fitch also reaffirmed the company's $350 million senior secured notes at a "B+" rating, per the filing.The rating reflects the company's low-cost production base, strong liquidity, and absence of near-term debt maturities, but is offset by operational disruptions at key assets and an expected natural decline in production, the filing said.Fitch expects the company to sustain moderate leverage and generate positive free cash flow to meet its obligations, while the negative outlook reflects concerns about production sustainability and the timing of project execution, the filing added.Karoon Energy's shares were down 4% in recent Monday trade.

ASX:KAR

Asia113d ago

Viva Energy Group Reports Over 5% Increase in Q1 Sales Volume; Shares Down 6%

Viva Energy Group (ASX:VEA) reported a 5.1% year-over-year increase in first-quarter sales volume to 4,302 megaliters, driven by an increase of 7.1% in commercial and industrial fuel volume, according to a Monday filing with the Australian bourse.The company said its Geelong refinery does not typically source Middle Eastern crude. The refinery's current crude supply flows mainly from North America, South America, South-East Asia, and Australia have not been impacted by the Iran conflict, and the plant has firm crude supply through to July "with high confidence that this supply can continue."The Geelong refinery operated at full production during the first quarter, but will be operating at a reduced capacity over the short term due to a fire that broke out on April 15. Roughly a third of Viva Energy's transport fuel sales are typically sourced from the Geelong refinery, per the filing.Meanwhile, regional refining margins are expected to remain higher through the second quarter due to the impact from the Middle East conflict. Commercial and infrastructure sales and margins are also expected to remain robust through the second quarter, with aviation demand expected to be impacted by the conflict, Viva Energy said.The company's shares have resumed trading following a halt after the fire incident, and were down nearly 6% in recent Monday trade.

ASX:VEA

Asia113d ago

Brightstar Resources Reports AU$53 Million Gross Revenue From Processing Campaign

Brightstar Resources (ASX:BTR) completed and reconciled the final processing campaign under its ore purchase agreement with Genesis Minerals (ASX:GMD), with a record parcel of about 140,000 tonnes at 2 grams per tonne (g/t) gold, recovering about 7,900 ounces, according to a Monday Australian bourse filing.The company said the campaign returned gold recoveries of over 89%, trending toward the long-term average metallurgical performance of previous processing campaigns, at a gold price of AU$6,758 per ounce for record gross revenue of AU$53 million.Brightstar said total ore processed under the Genesis agreement since commencement in March 2025 totaled about 400,000 tonnes at 2.2 g/t gold, with an average metallurgical recovery of 88%, and about 24,000 ounces of gold recovered, delivering gross sales proceeds of AU$138 million over the contract.The company said the completion of the final parcel has fully amortized its existing working capital facility with Ocean Partners, with Brightstar currently carrying no drawn debt.

ASX:BTRASX:GMD

Asia113d ago

Nextdc Lifts Fiscal 2026 Capex Guidance Amid Surge in Contracted Demand

Nextdc (ASX:NXT) lifted its fiscal 2026 capital expenditure guidance to AU$2.7 billion to AU$3 billion from AU$2.4 billion to AU$2.7 billion previously after reporting a 60% increase in contracted utilization to 667 megawatts and an 83% jump in its forward order book to 544 megawatts, according to a Monday filing with the Australian bourse.The company expects higher contracted utilization and its order book to steadily convert into revenue, billing utilization, and earnings before interest, taxes, depreciation, and amortization (EBITDA) over fiscal 2026 to fiscal 2030, supported by ongoing expansion and early procurement at its S4 facility, the filing said.The company's fiscal 2026 net revenue and underlying EBITDA guidance remain unchanged, the filing added.

ASX:NXT

Asia113d ago

Navigator Global Investments Reports Higher Fiscal Q3 Assets Under Management

Navigator Global Investments (ASX:NGI) reported firm-level assets under management (AUM) of $97.5 billion as of March 31, up nearly 21% from a year earlier, according to a Monday filing with the Australian bourse.Ownership-adjusted AUM at the close of the fiscal third quarter were $31.6 billion, increasing more than 16% from a year earlier, per the filing.The company said it continues to expect fiscal 2026 adjusted earnings before interest, taxes, depreciation, and amortization to decline from fiscal 2025.

ASX:NGI

Showing 21541-21560 of 23064