Financial News · Live Terminal

Page 1434 of 1609

EQ Resources Posts Lower Group Tungsten Trioxide Production in Fiscal Q3; Shares Fall 3%

EQ Resources (ASX:EQR) produced 23,505 metric ton units (mtu) of tungsten trioxide and sold 23,592 mtu of tungsten trioxide in the third quarter ending March 31, according to a Tuesday filing with the Australian bourse.The company produced 36,710 mtu of tungsten trioxide for the quarter ended March 31, 2025, an earlier filing showed.The tungsten trioxide was sold at an average realized price of $1,004 per mtu during the quarter, the filing said.The company's shares fell 3% in recent Tuesday trade.

ASX:EQR

Asia149d ago

Tokuyama's Profit Slips 5.1% in Fiscal 2025

Tokuyama's (TYO:4043) profit attributable to owners of the parent fell 5.1% to 22.2 billion yen for the fiscal year 2025 from 23.4 billion yen a year earlier.The chemicals company's basic earnings per share declined to 308.64 yen from 325.08 yen a year ago, according to a Tokyo bourse filing.Net sales edged up 1.9% to 349.5 billion yen for the full year ended March 31 from 343.1 billion yen in the prior year.It declared a final dividend of 60 yen per share, payable from June 29.Tokuyama's attributable profit, EPS, and net sales forecasts for the fiscal year 2026 will be determined at a later date due to high uncertainty.The company has yet to determine its dividend forecast for the year.

TYO:4043

Asia149d ago

Japanese Stocks Open Muted Ahead of Rate Decisions, Tech Earnings as US-Iran Talk Progress Stalls

Japanese stocks showed little movement at open ahead of the Bank of Japan's rate decision later Tuesday, as investors turned their focus to tech earnings later this week amid a lack of geopolitical progress.The Nikkei 225 opened in negative territory, slipping marginally at 60,531.78.This week, central banks. including the U.S. Federal Reserve, the European Central Bank, and those in Japan, the UK, and Canada, are all scheduled to set rates, collectively influencing monetary policy for roughly half of the global economy.With no significant breakthroughs on the geopolitical front, investors have shifted their attention to earnings reports from a group of tech giants, including Alphabet, Microsoft, Amazon, and Meta, all due on Wednesday, followed by Apple on Thursday.Meanwhile, the White House stated that U.S. officials are discussing Iran's latest proposal but continue to maintain red lines regarding any potential deal to end the eight-week conflict.

Nikkei 225

Asia149d ago

European Lithium Signs Agreement to Combine With Nasdaq-Listed Critical Metals; Shares Up 57%

European Lithium (ASX:EUR) signed an agreement to combine with Nasdaq-listed Critical Metals through the acquisition of all of the company's issued securities via a scheme of arrangement for scrip consideration, according to a Tuesday filing with the Australian bourse.The company's shares will be acquired through a scheme of arrangement at an exchange ratio of 0.035 Critical Metals shares for each European Lithium share, with each shareholder receiving Critical Metals scrip at an implied value of AU$0.58 per European Lithium share held, if the proposal is implemented, the filing said.The proposal also outlines that all listed European Lithium options will be acquired through an option scheme of arrangement, per the filing.European Lithium shares rose 57% in morning trade on Tuesday.

ASX:EUR

Asia149d ago

Market Chatter: Japan to Issue Additional Guidance on Takeover Rules

The Japanese government plans to issue new takeover guidance, letting target companies weigh economic security and input from employees and partners, not just the bid price, when assessing offers, Nikkei Asia reported Tuesday.The Ministry of Economy, Trade and Industry (METI) will add a practical Q&A section to its 2023 guidelines as early as July, emphasizing that a high purchase price alone does not necessarily make a deal desirable, the news daily said.Under the new guidance, corporate value includes worker and partner contributions, plus economic security benefits like resilient supply chains and tech leak protection, the publication said.METI aims to correct the misconception that boards must accept the highest offer or risk litigation, clarifying that rejection or remaining independent is acceptable, the report said.While the 2023 guidelines warned against overemphasizing hard-to-measure value, the new Q&A stresses that opposition from employees or partners, or concerns over an acquirer's tech leaks, can legitimately hurt corporate value, 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.)

Nikkei 225

Asia149d ago

Clinuvel Pharmaceuticals Advances Nasdaq ADR Uplisting With US SEC Review Underway

Clinuvel Pharmaceuticals (ASX:CUV) said it is working with the US Securities and Exchange Commission (SEC) on its draft registration statement as it advances plans to uplist its American depositary receipt (ADR) program on the Nasdaq stock market, according to a Tuesday filing with the Australian bourse.The company received four rounds of US SEC comments and expects the review process to be completed before the end of the fiscal year, after which it plans to upgrade its ADR program to level two from level one and list on Nasdaq under the revised ticker "CUVL," per the filing.The company stated that the uplisting is still subject to regulatory approval and Nasdaq requirements, and that its success and timing are not guaranteed, the filing added.

ASX:CUV

Asia149d ago

Greatland Resources Posts Lower March Quarter Gold Production; Shares Down 3%

Greatland Resources (ASX:GGP) said the March quarter production reached 82,723 ounces of gold and 4,128 tonnes of copper at an all-in sustaining cost (AISC) of AU$2,056 per ounce, according to a Tuesday Australian bourse filing.The company's December 2025 quarter production was of 86,273 ounces of gold and 3,528 tonnes of copper at an AISC of AU$2,196 per ounce, per the filing.The company reported sales of 97,800 ounces of gold and 4,620 tonnes of copper at weighted average realized prices of AU$6,773 per ounce and AU$15,803 per tonne, respectively, generating net revenue of AU$742 million.December 2025 quarter sales were 72,212 ounces of gold and 3,301 tonnes of copper at weighted average realized prices of AU$6,301 per ounce and AU$14,652 per tonne, respectively, generating net revenue of AU$507 million.Greatland said it expects fiscal 2026 production to be around or slightly above the upper end of its guidance range of 260,000 to 310,000 ounces, with AISC trending toward the lower end of the AU$2,400 to AU$2,800 per ounce guidance range.Greatland Resources' shares fell 3% in recent Tuesday trade.

ASX:GGP

Asia149d ago

Minerals 260 Reports About AU$250 Million Cash, Term Deposits at March-Quarter-End

Minerals 260 (ASX:MI6) reported about AU$250 million in cash and term deposits at March 31, according to a Tuesday Australian bourse filing.The company said its pre-feasibility study and maiden ore reserve for the Bullabulling gold project remain on track for release in July, with seven drill rigs currently on site, and a mineral resource estimate update planned for release in August.The company's shares fell 1% in recent Tuesday trade.

ASX:MI6

Asia149d ago

Market Chatter: Nippon Shokubai to Boost China Output of EV Battery Electrolyte Fivefold by 2027

Japanese chemical firm Nippon Shokubai (TYO:4114) intends to significantly boost its production capacity in China for an electrolyte that prolongs the lifespan of lithium-ion batteries used in EVs and energy storage systems, Nikkei Asia reported Tuesday.A Chinese affiliate, in which Nippon Shokubai owns a 38% stake, will expand a Hunan province facility to raise annual output from 2,400 metric tons to 12,400 tons in fiscal 2027, without additional investment from the Japanese parent, the publication said.The electrolyte, LiFSI, extends battery life by 1.6 times compared to the conventional LiPF6, reduces charging time, and improves low-temperature performance, though mass production is needed to lower its currently higher cost, the news daily said.Demand for electrolytes in China is shifting, with storage batteries now accounting for 30-40% of sales, up from roughly 20% previousl, as renewable energy expands, while domestic Chinese producers are gaining market share, the report said.Despite U.S. EV demand slowdown delaying a North American plant, Nippon Shokubai remains committed to battery materials, aiming to boost total capacity tenfold by 2030 with the China expansion as a key step, 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:4114

Asia149d ago

Beach Energy Posts Lower March Quarter Production; Lowers Fiscal Year 2026 Outlook

Beach Energy (ASX:BPT) produced 4.8 million barrels of oil equivalent in the quarter ended March 31, slightly down from 4.9 million barrels of oil equivalent in the same period last year, according to a Tuesday filing with the Australian bourse.Year-to-date production in the current fiscal year was 14.4 million barrels of oil equivalent.Sales volumes fell to 5.3 million barrels of oil equivalent from 6.4 million barrels of oil equivalent, while sales revenue was down to AU$419 million from AU$552 million.Capital expenditure incurred was AU$126 million, down from last year's AU$166 million.The company revised its fiscal year 2026 production guidance to 19.4 million to 20.3 million barrels of oil equivalent from 19.7 million to 22 million barrels of oil equivalent, while keeping its capital and abandonment expenditure guidance unchanged.The company's shares fell 1% in recent Tuesday trade.

ASX:BPT

Asia149d ago

Market Chatter: Japanese Rail Operator Nishitetsu Takes 49% Stake in Vietnamese Housing Developer

Nishi-Nippon Railroad (TYO:9031) intends to construct 22,000 homes across Vietnam by 2035, Nikkei reported on Tuesday, citing executive officer Taro Koyama.The railway operator, commonly known as Nishitetsu, has acquired a 49% share in Nam Long ADC and will place its own executives into management roles to expand its residential development business in Southeast Asia, the news agency said.The partnership, which extends beyond Ho Chi Minh City to Hanoi and Da Nang, will concentrate on cost-effective housing, with condo prices around $45,500 and detached homes at roughly $95,000, the publication said.Nishitetsu, which entered the overseas real estate market in 2015 and is active in several other Asian nations, views the collaboration with Nam Long as a move toward deeper integration, given Vietnam's estimated annual demand for 100,000 housing units, 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.)

TYO:9031

Asia149d ago

Market Chatter: Japan Faces Risk of Missing on New Drugs Due to US Pricing Model

Japan may miss out on breakthrough drugs because a U.S. pricing model threatens to link American drug costs to lower Japanese prices under the most favored nation (MFN) plan, Nikkei reported on Tuesday.Under the plan, the U.S. would reference prices from countries, including Japan, for Medicare and Medicaid, though companies could avoid this by not launching products in Japan, the news daily said.This could lead pharmaceutical firms to delay or skip entering the Japanese market, while Japan might face upward pressure on drug prices and higher social insurance costs, the publication said.Industry groups are urging Japan to reassess its pricing rules to align innovative drug prices with international levels and maintain them during patent periods, 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.)

Nikkei 225

Asia149d ago

Echo IQ Deploys AI-Based Decision Support Software into the US Health System

Echo IQ (ASX:EIQ) deployed EchoSolv AS, its artificial intelligence-based decision support software for the assessment of severe aortic stenosis, into the Mount Sinai Health System in New York, according to a Tuesday filing with the Australian bourse.The company continues to engage with prospective hospitals in the US regarding potential opportunities for the product, the filing said.

ASX:EIQ

Asia149d ago

ASX Preview: Australian Shares Set to Fall as Oil Prices Surge on Stalled US-Iran Talks; Beach Energy Posts Lower March Quarter Production

Australian shares are poised to fall on Tuesday as oil prices surged to multi-week highs amid stalled US-Iran peace talks and ongoing disruptions in the Strait of Hormuz that have tightened global supply and stoked inflation concerns.Overnight, the S&P 500 and the Nasdaq Composite rose 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average fell 0.1%.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 67.8 in the week of April 20 to 26, ANZ reported Tuesday.In corporate news, Beach Energy (ASX:BPT) produced 4.8 million barrels of oil equivalent in the quarter ended March 31, slightly down from 4.9 million barrels of oil equivalent in the same period last year.Deep Yellow (ASX:DYL) said detailed engineering at its Tumas project in Namibia progressed to 68% complete, with bulk earthworks 91% complete and civil construction expected to commence in the next quarter.Australia's benchmark index fell 0.2% or 20.1 points to close at 8,766.40 on Monday.

ASX 200ASX:BPTASX:DYL

Asia149d ago

Whitehaven Coal Posts Higher Fiscal Q3 Managed ROM Production

Whitehaven Coal (ASX:WHC) said managed run-of-mine (ROM) production reached 9.5 million tonnes in the fiscal third quarter ended March, including 4.1 million tonnes from Queensland and 5.4 million tonnes from New South Wales, according to a Thursday Australian bourse filing.The company's March quarter 2025 managed ROM was 9.2 million tonnes with total equity sales of produced coal of 6.3 million tonnes, an earlier filing showed.The company reported March quarter equity sales of produced coal of 6.8 million tonnes.The company said ROM coal production and coal sales are tracking to be firmly in the upper half of fiscal year 2026 guidance of 37 million tonnes to 41 million tonnes, with unit costs tracking around the midpoint of the AU$130 to AU$145 per tonne guidance range and capital expenditure on track to be around the low end of AU$340 million to AU$440 million.Net debt stood at AU$600 million at March 31, before a second deferred acquisition payment to BMA of $500 million made on April 2, with refinancing of acquisition debt completed in April via $900 million of senior secured notes and $600 million of bank funding, delivering interest savings of AU$50 million to AU$55 million per year from May, the filing added.The company remains on track to deliver AU$60 million to AU$80 million of annualized cost savings by June 30, the filing added.Whitehaven continued its share buyback during the quarter, repurchasing 1.4 million shares for AU$11 million, with 7.7 million shares bought back for AU$56 million in the fiscal year to date, it added.

ASX:WHC

Asia149d ago

Perseus Mining Completes First Underground Production Blast at Ivory Coast Project

Perseus Mining (ASX:PRU) completed the initial underground production blast at its CMA underground project in the Ivory Coast, with excavation of the first production ore starting immediately, according to a Tuesday filing with the Australian bourse.The move is part of the project's ramp-up towards steady-state production, which is slated for the third quarter of fiscal 2027, the filing said.

ASX:PRU

Asia149d ago

Deep Yellow Says Detailed Engineering for Namibia Uranium Project Over 68% Complete

Deep Yellow (ASX:DYL) said detailed engineering at its Tumas project in Namibia progressed to 68% complete, with bulk earthworks 91% complete and civil construction expected to commence in the next quarter, according to a Tuesday Australian bourse filing.Tendering is now complete for 79% of all major process plant equipment packages, supporting procurement readiness and capital execution planning, the filing added.At its Mulga Rock Project in Western Australia, trade-off studies to inform a revised feasibility study have continued following successful piloting programs reported last year, with recent pilot plant testing confirming previously forecast recoveries of all targeted metals, including critical minerals and rare earths, while also lowering estimated operating costs, the filing added.The company said it will update the resource estimate using these improved modifying factors, while a seismic survey has identified priority drill targets for the 2026 exploration season at the Alligator River project in the Northern Territory.Group cash balance stood at AU$171.6 million as at March 31, it added.

ASX:DYL

Asia149d ago

Resolute Mining Confirms Mali Gold Mine Operating Without Interruption

Resolute Mining (ASX:RSG) confirmed that its Syama gold mine, located in southern Mali in the Sikasso region, continues to operate without interruption after recent reports regarding security incidents and unrest in Bamako and four other cities in central and northern parts of Mali, according to a Tuesday Australian bourse filing.There was no impact on the safety of personnel, supply chains, or production at this stage.The firm remains in regular contact with local authorities, security advisors, and in-country teams, and established security and travel protocols are in place, it added.

ASX:RSG

Asia149d ago

Lindian Resources Confirms Existing Sulfuric Acid Supply Arrangement With Local Supplier For Kazakhstan MREC Processing Facility

Lindian Resources (ASX:LIN) confirmed that the SARECO mixed rare earth carbonate (MREC) processing facility in Kazakhstan has an existing sulfuric acid supply arrangement with the Stepnogorsk sulfuric acid plant, a state-backed local producer, according to a Tuesday Australian bourse filing.This follows recent reports that China will implement a near-total ban on sulfuric acid exports from Friday.Its position with access to domestic supply may reduce exposure to global supply disruptions, per the filing.

ASX:LIN

Asia149d ago

Capricorn Metals Says Drill Holes at Underground Prospect Hit Significant Gold Mineralization

Capricorn Metals (ASX:CMM) said the first seven drill holes of an 18-hole diamond and reverse circulation drilling program at the Lexington underground prospect at the Mt Gibson gold project encountered significant gold mineralization, according to a Tuesday Australian bourse filing.These included intercepts of 13.1 meters at 13.93 grams per tonne grade of gold from 714.9 meters, as well as 28.6 meters at 5.35 g/t grade of gold from 431.8 meters.The reported intercepts range between 85 meters and 365 meters below current resources, or 210 meters and 470 meters below current open-pit ore reserves.

ASX:CMM

Showing 28661-28680 of 32168