Financial News · Live Terminal

Page 1126 of 1137

Baazar Style Retail Opens New Store in Odisha, India

Baazar Style Retail (NSE:STYLEBAAZA, BOM:544243) has opened a new Express Baazar store at Balasore in Odisha, India, on Sunday, according to a same-day filing to the Indian stock exchanges.With this, the company's total number of stores has increased to 270.The company's shares rose around 1% in Monday's trade.

BOM:544243NSE:STYLEBAAZA

Asia117d ago

Hunan Xiangjia Animal Husbandry to Pay Convertible Bond Interest

Hunan Xiangjia Animal Husbandry (SHE:002982) on April 20 will pay the fourth annual interest payment for the Xiangjia convertible bond.The company will pay 12.00 yuan per 10 bonds, representing a 1.2% coupon rate, according to a Monday filing with the Shenzhen bourse.Record date is April 17.Shares of the livestock company closed 2% higher Monday.

SHE:002982

Asia117d ago

Italy Restricts Sinochem from Holding Board Positions in Bid to Solve Governance Crisis

The Italian Prime Minister's Office has imposed restrictions on Sinochem International (SHA:600500) in a bid to resolve the governance standoff at Pirelli, the tire manufacturer said Saturday.The restrictions form part of the Golden Power decree of Prime Minister Giorgia Meloni's office.They include a limit on the number of directors Sinochem could appoint to the board of the tire maker, as well as an appointment ban for Sinochem directors as chairman, vice chairman, or chief executive officer, Pirelli said.Meloni's office also restricted Sinochem directors from chairing board committees.The restrictions will remain in force as long as Sinochem retains its stake in Pirelli above 9.99%, the tire maker said.Sinochem holds a stake in Pirelli through Italian branch Marco Polo International.Pirelli and Camfin have called for restrictions on Sinochem as its Chinese origins prevent the tire maker's U.S. expansion, according to multiple media reports.

SHA:600500

Asia117d ago

Laxmi Organic Industries Appoints Interim CFO

Laxmi Organic Industries (NSE:LXCHEM, BOM:543277) has appointed Harshvardhan Goenka as interim chief financial officer with effect from April 14, according to a filing to the Indian stock exchanges on Monday.With over 13 years of experience in the chemicals industry, Goenka is responsible for driving the growth agenda and establishing new ventures at Laxmi Organic.He takes over from Mahadeo Karnik, who resigned from the position with effect from Monday, citing better opportunities.The company's shares were up over 1% in recent trade.

BOM:543277NSE:LXCHEM

Asia117d ago

Pacific Shuanglin Bio-pharmacy Gets Approval for Human Thrombin Clinical Trial

Pacific Shuanglin Bio-pharmacy (SHE:000403) unit Guangdong Shuanglin obtained clinical trial approval from China's drug regulator for human thrombin.The drug is intended as an adjunctive hemostatic for capillary and venule bleeding during surgery when standard techniques fail, according to a Monday filing with the Shenzhen bourse.Shares of the biotechnology company closed 1% lower Monday.

SHE:000403

Asia117d ago

Baazar Style Retail Opens Two New Style Baazar Stores in India

Baazar Style Retail (NSE:STYLEBAAZA, BOM:544243) set up two new Style Baazar stores in India on Saturday, one at Rai Bareli Road in Uttar Pradesh and another at Axis Mall in West Bengal, according to a same-day filing on Indian bourses.Shares of the company rose nearly 2% in Monday's trade.With this, the company's total number of stores has reached 269, the filing said.

BOM:544243NSE:STYLEBAAZA

Asia117d ago

South Korean Shares Close Lower on Failed US-Iran Talks, Hormuz Blockade by US Navy

South Korean shares closed lower on Monday after the US and Iran failed to reach common ground after 21 hours of negotiations in Islamabad, Pakistan.Following the failed talks, US President Donald Trump on Sunday warned on Truth Social that the US Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz. US forces are expected to block all maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.The Korea Composite Stock Price Index or Kospi fell 50.25 points, or 0.9%, to end at 5,808.62. The Kosdaq increased by 6.21 points, or 0.6%, to close at 1,099.84.In economic news, South Korea's exports jumped 36.7% to $25.2 billion in the first 10 days of April from $18.4 billion a year earlier, Monday data from the Korea Customs Service showed. Imports increased 12.7% to $22.1 billion from $19.6 billion a year earlier, resulting in a $3.1 billion trade surplus.In corporate news, HD-Hyundai Marine Engine (KRX:071970) secured a ship engine supply contract from K Shipbuilding, according to a Monday filing with the Korean Exchange. The deal is valued at 85.9 billion won. The shipbuilder will deliver the engine by May 25, 2028.Shares of HD-Hyundai Marine Engine jumped more than 5% at market close.

^KOSDAQKOSPIKRX:071970

Asia117d ago

Baoding Tianwei Baobian Electric Q1 Profit Up 110%, Revenue Climbs 11%

Baoding Tianwei Baobian Electric (SHA:600550) posted first-quarter attributable net profit of 59.6 million yuan, up 110% from 28.3 million yuan the previous year.Earnings per share rose to 0.032 yuan from 0.015 yuan, according to a filing with the Shanghai bourse.Operating revenue climbed 11% year over year to 1.64 billion yuan from 1.48 billion yuan.Shares of the power transformer manufacturer closed 3% lower Monday.

SHA:600550

Asia117d ago

RHB Research Institute Downgrades Supermax to Neutral from Trading Buy, Price Target is MYR0.36

KLSE:SUPERMX

Asia117d ago

TA Securities Downgrades Sunway Construction Group to Hold from Buy; Price Target is MYR7.28

Sunway Construction Group (KLSE:SUNCON) has an average rating of buy and mean price target of 7.46 ringgit, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KLSE:SUNCON

Asia117d ago

Chinese Stocks Muted Amid Failed US-Iran Talks, Improved GDP Outlook

Chinese equities closed flat, mainly in positive territory, slightly rebounding from earlier losses due to threats of the U.S. blocking the Strait of Hormuz.The Shanghai Composite Index moderately rose to close Monday's trade at 3,988.56. The Shenzhen Component Index added 0.7%, or 98.39 points, to 14,407.86.Investors are still cautious as talks between the U.S. and Iran crumbled, prompting President Donald Trump to announce an immediate naval blockade of the strait, which is a critical global oil passageway.Despite the growing Middle East tensions, the Asian Development Bank, or ADB, lifted its economic forecast for China for the year, bringing its gross domestic product 4.6% from the previous forecast of 4.3%. The ADB attributed the improved outlook on the government's support for high-tech innovation and continued exports as China leans towards non-U.S. global trade partners.In corporate news, Haisco Pharmaceutical (SHE:002653) soared after granting AbbVies exclusive rights for Nav1.8 inhibitors.Jinan Shengquan (SHA:605589) rose 2.7% amid plans to issue convertible bonds worth 2.50 billion yuan.

Shanghai Composite^SZSESHA:605589SHE:002653

Asia117d ago

Perak Transit Seeks 10% Share Buyback Mandate; Shares Dip 4%

PePerak Transit (KLSE:PTRANS) is seeking its shareholders' approval to renew share buyback authority to purchase up to 10% of the issued shares in the company's upcoming annual general meeting, according to a Friday Malaysian bourse filing.Shares fell 4% in Monday's midday trade.The terminal operating company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

KLSE:PTRANS

Asia117d ago

R R Kabel Forays into Kitchen Appliances Segment, Expands Air Coolers Range

Wires and cables manufacturer R R Kabel (NSE:RRKABEL, BOM:543981) has expanded its fast-moving electrical goods (FMEG) portfolio with its foray into the kitchen appliances segment and the expansion of its air coolers range, according to a Monday filing to the Indian stock exchanges.The new products have been launched under its premium appliance brand, RR Signature.The expanded portfolio includes the launch of mixer grinders, electric cooktops, and hand blenders under the RR Signature Appliances brand.RR Kabel also plans to strengthen its kitchen appliances presence in the current financial year 2026-27 by introducing additional categories.The company's shares were down nearly 1% in recent trade.

BOM:543981NSE:RRKABEL

Asia117d ago

K.S. Oils' CFO Passes Away

Edible oil company K.S. Oils (NSE:KSOILS, BOM:526209) said its chief financial officer, Sanjeev Goyal, passed away on April 12 April, according to a Monday filing to the Indian stock exchanges.

BOM:526209NSE:KSOILS

Asia117d ago

Market Chatter: China Poised to Export Air Defense Systems to Iran

China is preparing to export new air defense systems to Iran in the next few weeks through third countries to mask their origin, CNN reported Saturday, citing three people familiar with U.S. intelligence assessments.The news outlet considers the move "provocative" as Beijing is said to have helped broker the truce between Washington and Tehran.Beijing is gearing up to transfer shoulder-fired anti-air missile systems known as MANPADs, the news outlet said.President Donald Trump said the deliveries could cause "big problems" for China but did not explain further, 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.)

Shanghai Composite^SZSE

Asia117d ago

Immutep Says JPMorgan Reduces Stake

Immutep (ASX:IMM) said JPMorgan and its affiliates have reduced their stake in the company on April 8 to 6.94% or 102.3 million shares from 8.28% or 122.0 million shares, according to a Monday Australian bourse filing.The company's shares were down 10% on market close.

ASX:IMM

Asia117d ago

Enviro Infra Engineers Gets Two Maharashtra EPC Orders Worth INR9.72 Billion; Shares Jump 12%

Enviro Infra Engineers (NSE:EIEL, BOM:544290) has received two letters of empanelment worth a combined 9.72 billion Indian rupees from the Swachh Maharashtra Mission Directorate for projects in Maharashtra, India, according to a Saturday filing on Indian bourses.Shares of the company jumped 12% in Monday's trade.The first project, valued at 5.87 billion rupees, involves the development of 120.50 MLD sewage treatment plant along with 209 km interception and diversion network and 887.20 km sewer network across 306 urban local bodies, the filing said.The second project, worth 3.85 billion rupees, covers the development of 121.10 MLD sewage treatment plant along with 105.50 km interception and diversion network and 433.68 km sewer network across 306 urban local bodies, it added.Both projects will be executed on an engineering, procurement and construction basis within 24 months, the filing said.

BOM:544290NSE:EIEL

Asia117d ago

Market Chatter: US De Facto Representative to Taiwan Calls for Stop to Military Pressure from Beijing

The U.S.' top diplomat in Taiwan called on mainland China to stop threatening and applying military pressure on the island to stabilize relations, Reuters reported Sunday."We further expect China to abandon threats against Taiwan or military pressure. I believe this would help ease cross-strait tensions," Reuters quoted American de facto ambassador to Taiwan, Raymond Green, as saying.Green also called on Beijing to keep communication lines with Taiwanese leaders open to "stabilize cross-strait relations," the report said.The Chinese military patrols around Taiwan daily and views the island as its province.(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.)

Shanghai Composite^SZSE

Asia117d ago

Oriental Rail Infrastructure Bags Order Worth INR16 Million for Supply of Coaches

Oriental Rail Infrastructure (BOM:531859) has secured an order worth 15.7 million Indian rupees from the Rail Coach Factory, Kapurthala, Indian Railways, according to a BSE filing on Monday.The contract is for the manufacturing, supply, and installation of 25 sets of "one set of seats and berths for LHB GS coaches."The order is expected to be completed by Sept. 28.The company's shares were down over 1% in recent trade.

BOM:531859

Asia117d ago

Market Chatter: Foreigners Maintain Buying Streak on Bursa Malaysia

Foreign investors continued their momentum on Bursa Malaysia, registering net inflows of 470.3 million ringgit and extending their buying streak to three consecutive weeks, The Star reported Monday, citing MBSB Investment Bank.Foreign funds were net purchasers on most trading sessions during the week ended April 10, with notable inflows across several days led by mid-week activity.Meanwhile, retail investors turned net buyers with inflows of 189.2 million ringgit, while local institutions remained in net selling mode for a third straight week, recording outflows of 659.4 million ringgit, the news outlet said.On a regional basis, foreign investors also reversed a seven-week selling trend, with buying interest concentrated in India, Indonesia, Vietnam and the Philippines, while Malaysia and several Asian markets also recorded inflows, reportedly.(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.)

FTSE Bursa Malaysia KLCI

Showing 22501-22520 of 22738