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Insurance Australia Group Invests in Modular Building Firm Spacecube; Shares Gain 3%

Insurance Australia Group (ASX:IAG) said in a Monday statement that its corporate venture capital arm, Firemark Ventures, invested in Melbourne‑based modular building company Spacecube.Spacecube is capable of providing rapid emergency accommodation in regional areas following floods and other disasters. Its modular building system could become a part of the insurer's disaster response across rural and regional Australia, the company said.Insurance Australia Group will also explore opportunities to use Spacecube in urban settings and commercial applications, with potential to extend the model to New Zealand.The company's shares gained 3% in recent Monday trade.

ASX:IAG

Asia10d ago

Market Chatter: SUV Demand Lifts Hyundai, Kia Vehicle Sales in India Through May

Hyundai Motor and Kia reported double-digit growth in India's passenger vehicle market during the first five months of 2026, supported by strong demand for sport utility vehicles, South Korea's Yonhap News Agency reported on Sunday, citing data from the Society of Indian Automobile Manufacturers (SIAM).Hyundai sold 266,317 passenger vehicles between January and May, an increase of 10.1% year on year, while Kia's sales rose 14.6% over the same period.Combined sales of the two automakers reached 405,514 units, up 11.6% year on year. Popular SUV models, including Hyundai's Creta and Venue and Kia's Seltos and Sonet, accounted for a major share of deliveries.(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.)

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Asia10d ago

TS Tech to Dispose of 84 Million Yen in Treasury Shares Under Compensation Plan

TS Tech (TYO:7313) board approved the disposal of 48,760 treasury shares totaling 84.3 million yen under its restricted stock compensation plan, according to a Friday filing on the Tokyo Stock Exchange.The shares will be allocated to five directors, excluding outside directors, eight operating officers not serving concurrently as directors, three full-time directors of domestic subsidiaries, and seven operating officers not serving concurrently as directors.The disposal will be completed on July 10, according to the filing.

TYO:7313

Asia10d ago

Taiwan's CPC Trims Gasoline, Diesel Prices

State-run CPC has set its domestic fuel prices for the week beginning Monday, with reference retail rates showing declines across gasoline and diesel products.According to CPC's official pricing table, 92 unleaded gasoline is set at NT$31.4 per liter, 95 at NT$32.9, and 98 at NT$34.9, while super diesel is priced at NT$30.3 per liter, according to a company announcement.The adjustments reflect CPC's weekly pricing mechanism, which tracks international crude trends and currency movements to determine domestic fuel costs.

Taiwan Weighted

Asia10d ago

China Blacklists 10 US Entities in Export Control Crackdown

China's Commerce Ministry on Monday added 10 U.S. entities, including Aveox, Red Cat Holdings, and Teal Drones, to its export control list over national security concerns, state media Xinhua News reported on the same day.The ban, effective immediately, prohibits any export of dual-use items to these companies, which also include IMSAR, Jaia Robotics, Inc., Ball Aerospace & Technologies Corp., Oshkosh Defense, L3Harris Maritime Services, Inc., MP Materials Corp., and USA Rare Earth, Inc. Organizations worldwide are barred from transferring Chinese-origin dual-use products to these entities, with ongoing deals ordered to halt.The move follows Washington's recent addition of Chinese firms to a military-related company list, which the commerce ministry deemed as "wrongful."

Shanghai Composite^SZSE

Asia10d ago

Native Mineral Resources on Track for Record Monthly Gold Output at Queensland Operation; Shares Rise 4%

Native Mineral Resources Holdings (ASX:NMR) said its Blackjack operation in northern Queensland is on track for its highest monthly gold production in June since its recommissioning in 2025, according to a Monday filing with the Australian bourse.The most recent gold pour, completed on June 21, produced 406.4 ounces of doré in three bars, and the company is targeting more than 800 ounces of gold outturn during June, per the filing.Mining activities continue to advance across Blackjack, with a further two blasts scheduled this week, the company said.Native Mineral Resources shares rose 4% in recent Monday trade.

ASX:NMR

Asia10d ago

Sansan Completes 1.26 Billion Yen Share Buyback

Sansan (TYO:4443) completed a 1.26 billion yen share buyback, repurchasing 811,600 common shares, according to a Friday filing on the Tokyo Stock Exchange.The Japan-based software company said the transaction was conducted through the market purchase on the Tokyo Stock Exchange's discretionary investment contract.The share buyback was conducted between June 1 and 18 under a board authorization to repurchase up to 2 million shares, equivalent to 1.58% of issued share capital excluding treasury stock, for up to 2 billion yen.

TYO:4443

Asia10d ago

Reliance Industries' Telecom Arm Files Draft Papers for India IPO

Jio Platforms, the telecom services unit of Indian conglomerate Reliance Industries (NSE:RELIANCE, BOM:500325), has filed draft papers on Friday for its long-awaited initial public offering, according to a same-day filing to the Indian stock exchanges.The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India, BSE, and the National Stock Exchange of India, to issue up to 270 million shares through its IPO.While the document does not provide specifics on the timing and size of the public offer, local media reports estimate the IPO could be worth around 350 billion Indian rupees to 400 billion rupees.Jio Platforms plans to use the proceeds from the IPO to pare the debt of its subsidiary, Reliance Jio Infocomm, which has nearly 524.4 million customers in India as of March 31.Reliance owns over 66% stake in Jio Platforms, while Google International owns 7.7%, and Meta Platforms owns nearly 10%, as per the DRHP.The company's shares were up over 2% in Monday's trade.

BOM:500325NSE:RELIANCE

Asia10d ago

Market Chatter: India Wants US Tariff Advantage Over Rivals Before Signing Trade Deal

India wants tariff terms from the U.S. that provide an edge over competing countries before signing the proposed India-US Bilateral Trade Agreement (BTA), Indian news agency ANI reported on Saturday, citing Commerce Minister Piyush Goyal.The minister said the framework for the agreement has already been settled, but outstanding tariff issues still need to be resolved, according to the report.Goyal said India is seeking lower duties than those of rival countries, calling the matter the key issue pending before the agreement can take effect.(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.)

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Asia10d ago

Asiatic Group to Dispose of Stake in Colben Energy (Cambodia); Shares Plunge 25%

Asiatic Group (SGX:5CR) has agreed to dispose of a 49% stake in Colben Energy (Cambodia) to the chairman of its joint venture partner, Royal Group Phnom Penh, for $3.1 million, according to a Friday filing with the Singapore Exchange.Shares of the engineering management firm sank over 25% in Monday trading.The disposal ends a protracted series of ongoing disputes involving Colben Energy and Royal Group, with the deal also including the waiver of the net amounts, about $16.9 million, due to the Colben entities at the consolidated Group level.

SGX:5CR

Asia10d ago

Interra Resources Acquires Minority Stake in Indonesian Lab Testing Firm

Interra Resources (SGX:5GI) acquired a 2.37% stake in Indonesia-based lab testing firm, MUTU, for nearly 7.95 billion Indonesian rupiah, according to a Friday filing with the Singapore Exchange.The acquisition was carried out by subscribing to nearly 82 million shares of MUTU at 97 Indonesian rupiah apiece.The move is part of the company's shift from traditional petroleum exploration toward green and sustainable industries, Interra said.

SGX:5GI

Asia10d ago

PhosCo Launches Maiden Drilling Program at Tunisia Prospect

PhosCo (ASX:PHO) started a four-to-six hole maiden drilling program at the King's Eye prospect within its Simitu project in northern Tunisia, according to a Monday filing with the Australian bourse.The diamond drilling program will initially test outcropping copper, antimony, and silver veins. If it is successful, the company will drill additional holes to confirm the tenor over the full 600-meter-wide copper mineralized corridor.

ASX:PHO

Asia10d ago

360 Capital REIT Keeps June Quarter Dividend Unchanged

360 Capital REIT (ASX:TOT) declared a quarterly dividend of AU$0.0075 per stapled security, payable on July 27 to shareholders on record as of June 30, according to a Monday Australian bourse filing.It declared a dividend of AU$0.0075 per security in the previous year, according to a separate filing.The real estate investment trust's shares fell past 1% in recent trading on Monday.

ASX:TOT

Asia10d ago

Nanoveu Reports Up to Nearly 28% Cruise Energy Efficiency Improvement in Live Drone Trials, Shares Down 4%

Nanoveu's (ASX:NVU) live drone evaluation program has delivered highly successful early-stage results, confirming that its ECS-DoT chip can deliver material flight endurance gains in real-world conditions, according to a Monday Australian bourse filing.The company said initial live-flight testing recorded cruise efficiency improvements of up to 27.8% at four meters per second and 26.7% at six meters per second, averaging 27.2% in meters travelled per watt-hour consumed, achieved without any modifications to the drone's battery, airframe, or propulsion system on an open-sourced software platform.The company's shares fell 4% in recent Monday trade.

ASX:NVU

Asia10d ago

Dreadnought Resources Says Four Distinct Gold-Bearing Trends Identified at Western Australia Prospect; Shares Tumble 7%

Dreadnought Resources (ASX:DRE) said four distinct gold-bearing trends, ranging from around 2.5 kilometers to 7 kilometers in strike, were identified at Black Oak, part of the Illaara gold project in Western Australia, according to a Monday Australian bourse filing.The company received assays for 288 air core drill holes of at the project, encountering intercepts of 21 meters at 0.3 grams per tonne (g/t) grade of gold from surface and 9 meters at 0.5 g/t grade of gold from 33 meters.The company said the current drilling program is expected to finish in June, and a follow-up program has been planned, which will start immediately upon completion of this program.Dreadnought Resources' shares tumbled 7% in recent Monday trade.

ASX:DRE

Asia10d ago

Far East Gold Takes Majority Ownership of Indonesia Gold Project

Far East Gold (ASX:FEG) said it now holds 51% ownership of the Idenburg gold project in Indonesia following the completion of the first stage of a conditional share purchase agreement, according to a Monday filing with the Australian bourse.The company issued 50 million ordinary shares to Eloquent Enterprises in stage-one consideration at a price of AU$0.13 each for AU$6.5 million, per the filing.Far East Gold said it will have the right to increase its ownership of Idenburg to 80% upon the Indonesian Ministry of Energy and Mineral Resources' acceptance of a feasibility study that is expected to be filed by the fourth quarter.The project hosts an inferred mineral resource of about 780,000 ounces of gold at an average 3.1 grams per tonne grade.

ASX:FEG

Asia10d ago

National Australia Bank Launches Operations Hub to Guard Against AI-Enabled Threats, Support Banking Services

National Australia Bank (ASX:NAB) launched NAB Nexus, an integrated operations hub designed to protect it from rapidly evolving artificial intelligence-enabled threats, protect customers, and support critical banking services, the bank said in a statement on Monday.NAB Group Chief Executive Officer Andrew Irvine said the hub will integrate technology, cyber security, fraud, payments, and physical security capabilities. It supports continuous monitoring, faster handover, and more coordinated response.The lender said it had invested over AU$900 million in fiscal 2025 in fraud, scams, cyber, and financial crime protections.

ASX:NAB

Asia10d ago

Tongding Interconnection Information Controlling Shareholder Donates 3.5 Million Shares to University

Tongding Interconnection Information (SHE:002491) controlling shareholder Tongding Group will donate 3.5 million shares, or 0.28% of the company's total share capital, to the Shanghai Jiao Tong University Education Development Foundation.Tongding Group's stake will decline to 31.22% from 31.51% post-donation, according to a Monday filing with the Shenzhen bourse.Shares of the industrial automation equipment manufacturer rose 6% in recent trade.

SHE:002491

Asia10d ago

Frasers Logistics & Commercial Trust Signs Five-Year Property Management Deals

Frasers Logistics & Commercial Trust (SGX:BUOU) signed two five-year property management agreements, according to a Friday filing with the Singapore Exchange.Shares of the trust were down over 2% in Monday trading.The trust signed agreements with subsidiaries, Frasers Property Corporate Services, to handle its non-Australian properties, and FPI Property Management Services to cover its Australian portfolio.The key change from the prior agreements is the inclusion of fee provisions for rooftop solar power facilities.

SGX:BUOU

Asia10d ago

Conrad Asia Energy Signs Contract for Leased Mobile Offshore Production Unit to Support Indonesia Gas Field Development

Conrad Asia Energy (ASX:CRD) said its unit West Natuna Exploration formally signed a binding contract with PT Duta Marine/PT Pakarti Tirtoagung for the provision of a leased mobile offshore production unit to support the development of the Mako gas field, according to a Monday Australian bourse filing.The contract includes the sourcing of a donor jack-up drilling rig and conversion to a mobile offshore production unit in Batam, with a raw gas design capacity of 172 million standard cubic feet per day.The contract requires payment of $4 million for the purchase of a donor rig and a $26 million facility equipment down payment. The bareboat charter of the vessel is until January 2037, with options for up to five annual extensions thereafter.The company also formally signed a binding contract with PT PAL Indonesia for the provision of an engineering, procurement, construction, and transport of the conductor support frame, according to a separate filing.West Natuna Exploration is the operator of the Duyung production sharing contract (PSC) in the Natuna Sea, offshore Indonesia.Conrad Asia Energy's shares rose past 2% in recent trading on Monday.

ASX:CRD

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