Financial News · Live Terminal

Page 1465 of 1587

Ardiden Engages Second Diamond Drill Rig For Canada Gold Project

Ardiden (ASX:ADV) engaged contractor Forage MDion to provide a second diamond drill rig at the Rouyn gold project in Quebec, Canada, according to a Thursday Australian bourse filing.The second drill rig will help accelerate step-out drilling targeting down-plunge extensions of high-grade mineralization and enable systematic testing of multiple targets.

ASX:ADV

Asia153d ago

Market Chatter: Cathay Pacific Raises HK$2.1 Billion in Three-Year Bonds

Cathay Pacific Airways (HKG:0293) raised HK$2.08 billion through a three-year bond sale, Reuters reported Wednesday, citing a term sheet seen by the news agency.The notes carry a yield of 3.78%, 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.)

HKG:0293

Asia153d ago

Metro Mining Secures Shareholder Approval for 20-for-1 Share Consolidation

Metro Mining (ASX:MMI) received shareholder approval for a 20-for-1 share consolidation, effective Wednesday, according to a Thursday Australian bourse filing.The company currently has 6.14 billion issued shares, and it has stated that all existing performance rights will also be consolidated at the same ratio, with every 20 performance rights being combined into one, per the filing.Post-consolidation trading is scheduled to start on May 5 on a normal basis, with settlement of on-market trades starting on May 7, the filing added.The company's shares fell around 2% in recent Thursday trade.

ASX:MMI

Asia153d ago

Market Chatter: Prudential Life Extends Sales Halt in Japan Amid Probe

Prudential Life Insurance extended its suspension of new policy sales in Japan by 180 days to early November as it works to address misconduct involving employees, Nikkei reported Thursday.The insurer said more than 100 current and former staff received about 3.1 billion yen from customers through improper means. The halt on sales has been in place since early February, according to the report.Japan's Financial Services Agency has started an on-site inspection of the group's local holding company, reviewing governance and compliance, the report said.Prudential Life plans changes, including clearer roles for executives and branch managers and a shift away from commission-based pay for sales staff. Compensation will be linked more closely to factors such as policy retention and compliance, according to the report.Complaints are also being reviewed at affiliate Gibraltar Life Insurance, with groupwide cases reaching roughly 700. The parent company expects the extended suspension in Japan to reduce pre-tax adjusted operating income by as much as $575 million this year, 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

Asia153d ago

Develop Global Declares Commercial Production at New South Wales Copper-Zinc Project; Shares Reach 14-Year Peak

Develop Global (ASX:DVP) said it declared commercial production at the Woodlawn copper-zinc project in New South Wales after achieving and exceeding steady-state production rate of 850,000 tonnes per year during the March quarter, according to a Thursday Australian bourse filing.The Woodlawn production was stress-tested at rates in excess of its nameplate capacity, reaching a mining rate of 966,000 tonnes per annum and a processing rate of 932,000 tonnes per annum.Ore mined at the project rose 46% quarter over quarter to 181,973 tonnes, while copper-equivalent production jumped 88% to around 3,150 tonnes in the March quarter. Concentrate production increased 50% to 14,119 tonnes.The company is also targeting a final investment decision for the Sulphur Springs copper-silver-zinc project in Western Australia in the June quarter.Develop Global's shares rose past 5% in recent trading on Thursday and earlier reached a 14-year high point.

ASX:DVP

Asia153d ago

Huaqin Rises 13% in Hong Kong Trading Debut

Huaqin's (HKG:3296; SHA:603296) shares opened 12.7% above their initial public offering price during the company's Hong Kong debut on Thursday morning.The China-based smart hardware products manufacturer opened at HK$87.55 per share, up from the offer price of HK$77.70.Huaqin's Shanghai-listed shares edged down marginally.

HKG:3296SHA:603296

Asia153d ago

Resolute Mining Reports Lower Q1 Gold Production; Shares Up 4%

Resolute Mining (ASX:RSG) reported first-quarter gold production of 59,603 ounces, down from 75,497 ounces a year earlier, according to a Thursday filing with the Australian bourse.The company said its all-in sustaining costs of $2,210 per ounce were in line with guidance as cost reductions partially offset higher royalty payments that were driven by record average realized gold prices.Resolute Mining is on track to meet full-year production guidance of 250,000 to 275,000 ounces, it said.The company's shares gained nearly 4% in recent Thursday trade.

ASX:RSG

Asia153d ago

Mirvac Group Posts 12% Rise in Fiscal Q3 Residential Sales, Reiterates Fiscal 2026 Operating EPS Guidance

Mirvac Group (ASX:MGR) said residential sales for the fiscal third quarter reached 592 sales, up 12% year on year, according to a Thursday Australian bourse filing.The company said year-to-date settlements reached 1,076, up 15% year on year, with about 96% of the fiscal 2026 target lot settlements secured and margins on track to be within the 18% to 22% target range.Land lease settlements were 333, up 14% year on year, with sales rising 42% year on year to 428, while office and industrial occupancy was maintained at about 97% with minimal near-term expiry risk, the filing added.Mirvac reiterated its fiscal 2026 guidance, targeting operating earnings per share of AU$0.128 to AU$0.13, representing growth of 6.7% to 8.3%, and a distribution of AU$0.095 per share, representing growth of 5.6%.The company's shares fell nearly 2% in recent Thursday trade.

ASX:MGR

Asia153d ago

Market Chatter: Sony Life Launches Probes Over Alleged Customer Fraud Cases

Sony Group's (TYO:6758) insurance arm, Sony Life Insurance, is investigating roughly 20 to 30 instances of alleged financial misconduct committed against its customers, Nikkei Asia reported on Thursday.The insurer plans to launch a comprehensive internal probe, while Japan's Financial Services Agency is considering ordering the company to submit a formal report on the matter, the news agency said.In January, Sony Life had already disclosed that a former employee misappropriated customer funds that had been entrusted for investment purposes, the publication 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:6758

Asia153d ago

Market Chatter: Japan Airlines To Enable Facial Recognition Boarding by 2035

Japan Airlines (TYO:9201) plans to introduce facial recognition boarding for international flights by fiscal 2035, removing the need for tickets and most document checks, Nikkei reported Thursday.A recent trial on a Tokyo-Hong Kong-London route used biometrics for check-in, security, lounges and boarding, with only border controls requiring passports. Passengers register via an app by linking passport data and a facial image before arrival, unlike the airline's current system, which requires airport kiosks, according to the report.The setup combines passport and biometric data to strengthen identity checks and will extend to partner airline transfers, the report said.The push reflects rising passenger volumes and pressure on airport capacity. Japan Airlines aims to roll out the system within its long-term plan and expand adoption across airports and airlines, subject to regulatory approval, 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:9201

Asia153d ago

Heartland Group Holdings' Underlying Net Profit After Tax Rise in Fiscal Q3

Heartland Group Holdings' (ASX:HGH, NZE:HGH) underlying net profit after tax for the fiscal 2026 third quarter came in at NZ$21.4 million, according to a Thursday Australian bourse filing.It reported underlying net profit after tax of NZ$17.1 million in the year-ago quarter, according to a separate filing.The firm is closely monitoring potential impacts on customer demand and credit quality in New Zealand and Australia in the wake of the conflict in the Middle East.Heartland Bank's March quarter average net interest margin was down 3 basis points to 4.09%, with the exit net interest margin down 9 basis points to 4.02%, driven by portfolio mix. Both are expected to increase in the June quarter due to ongoing benefits from reduced cost of funds. Geopolitical risks may create headwinds for net interest margin, it cautioned.Heartland Bank's overall nonperforming loan ratio fell by 23 basis points in the March quarter since Dec. 30, 2025, to 2.81%.It remains on track to deliver an underlying return on equity of at least 7% and an underlying net profit after tax of at least NZ$85 million for the financial year ending June 30, per the filing.Its shares rose 1% in recent trading on Thursday.

ASX:HGHNZE:HGH

Asia153d ago

Market Chatter: Japan to Unveil New Indo-Pacific Plan in Vietnam

Japan is preparing to roll out a revised Indo-Pacific strategy that places supply chain resilience and economic security at its core, with Prime Minister Sanae Takaichi set to present the plan during a visit to Vietnam, Nikkei reported Thursday.The trip, which also includes Australia, will focus on strengthening regional cooperation, particularly with Southeast Asian economies. The updated framework reshapes the approach first introduced in 2016 to reflect intensifying rivalry over critical technologies and resources, according to the report.At the center of the plan are efforts to secure key materials such as rare earths, diversify energy sourcing, and reduce exposure to disruptions seen during recent global crises. Japan also aims to expand collaboration in areas such as artificial intelligence, semiconductors and quantum technology through greater public and private investment, the report said.Security ties will be reinforced through expanded use of defense assistance programs that supply equipment to partner countries, alongside development aid to deepen economic links, 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 225

Asia153d ago

Light & Wonder Faces Australian Class Action Over Dragon Train Game Allegations

Light & Wonder (ASX:LNW) said it has received notice of a class action filed by law firm Phi Finney McDonald in the Supreme Court of Victoria alleging misleading statements regarding its dragon train game, according to a Thursday Australian bourse filing.The claim is brought on behalf of shareholders who acquired chess depositary interests between May 22, 2023, and Sept. 24, 2024, per the filing.The company has stated that it intends to vigorously defend the proceedings, the filing added.Its shares fell 1% in recent Thursday trade.

ASX:LNW

Asia153d ago

West African Resources' Total Gold Production Rises in March Quarter

West African Resources (ASX:WAF) said it produced 107,728 ounces of gold at an all-in sustaining cost (AISC) of $1,921 per ounce in the March quarter, compared with 50,033 ounces of gold produced in the prior-year quarter at an all-in sustaining cost of $1,262 per ounce, according to a Thursday Australian bourse filing.Gold sales in the first quarter came in at 104,145 ounces at a realized price of $4,945 per ounce, compared with 48,338 ounces of gold sold at an average price of $2,832 per ounce.Group production is tracking well to achieve its annual guidance of 430,000 ounces to 490,000 ounces of gold at an AISC under $1,900 per ounce.Its shares fell 1% in recent trading on Thursday.

ASX:WAF

Asia153d ago

Japanese Equities Rise at Open on Wall Street Record Gains, Indefinite Iran Ceasefire

Japanese stocks rose at Thursday's open, following Wall Street's record climb fueled by strong earnings and U.S. President Donald Trump's statement that the Iran ceasefire would continue indefinitely.The Nikkei gained 172.8 points or 0.3% to open higher at 59,758.64, with the S&P 500 jumping 1.1% to a record the night prior, marking its best month since 2020.Investors' risk appetite was further supported by robust U.S. company results, including a jump in Boeing's shares following solid first-quarter delivery figures.Market sentiment was further boosted after Trump extended the Iran truce, stepping back from earlier threats of resuming bombing Iran if no deal was reached by Wednesday's deadline.Attention now shifts to whether diplomatic talks can restart and eventually lead to an agreement between the two sides.

Nikkei 225

Asia153d ago

EQ Resources Starts Drilling Program at Queensland Tungsten Mine; Shares Up 9%

EQ Resources (ASX:EQR) started a drilling program at its Mt Carbine tungsten mine in Queensland to target extensions to existing resources and reserve definitions, according to a Thursday filing with the Australian bourse.The current drill plan includes 28 holes for roughly 7,700 meters, the filing said.The program is expected to run for about four months, with assay results to be released progressively in the next three to six months, per the filing.Shares rose 9% in morning trade on Thursday.

ASX:EQR

Asia153d ago

Santos Reports Lower Q1 Revenue, Higher Production

Santos (ASX:STO) reported first-quarter sales revenue of about $1.27 billion, down from $1.29 billion in the year-ago period, according to a Thursday filing with the Australian bourse.Sales volume for the quarter was 24.2 million barrels of oil equivalent (mmboe), up from 23.3 mmboe a year earlier, while total production increased to 22.5 mmboe in the first quarter from 21.9 mmboe a year ago, per the filing.The company maintained its 2026 guidance, including for production volume of 101 to 111 mmboe, sales volume of 101 to 111 mmboe, and capital expenditure of about $1.95 billion to $2.15 billion.Santos said its Barossa LNG project's floating storage and offloading facility is expected to commence ramping up production in the next week following the completion of the flushing and cleaning of heat exchanger trains.The company's shares gained nearly 2% in recent Thursday trade.

ASX:STO

Asia153d ago

Seven & i Lays Out 2030 Plan to Remodel Thousands of Stores, Expand US Network

Seven & i (TYO:3382), through its 7-Eleven unit, has unveiled a transformation strategy centered on elevating customer experience, according to a statement on Wednesday.A key priority involves remodeling more than 7,000 existing stores while opening 1,300 new "New Standard Stores" by 2030.Within the US network, Seven & i intends to accelerate franchising, converting 2,600 corporate-operated locations to franchises by 2030.The plan further targets doubling private brand sales to roughly $2.6 billion by 2030, alongside fuel vertical integration aimed at unlocking $400 million in annual EBITDA uplift.Separately, Nikkei reported on Thursday that Seven & i will close 645 underperforming 7-Eleven locations across the U.S. and Canada by February 2027, representing 5% of its North American footprint.Although the company plans to open 205 new outlets in the current fiscal year, the net effect will leave its North American operations with 12,272 stores, a reduction of 440 locations, the report said.Seven & i's American operator and subsidiary, 7-11 International, did not reply toqueries at press time.

TYO:3382

Asia153d ago

Alkane Resources Posts Higher Q3 Gold Production, Reiterates Fiscal Year 2026 Production Guidance

Alkane Resources (ASX:ALK) said fiscal third-quarter gold equivalent production was 45,776 ounces at an all-in sustaining cost (AISC) of AU$2,928 per ounce, with site operating cash flow of AU$189 million for the quarter, according to a Thursday Australian bourse filing.The company reported gold production of 17,656 ounces in the same period a year prior, an earlier filing showed.The company said gold equivalent sales for the quarter were 43,373 ounces for revenue of AU$275 million, at an average gold price of AU$6,330 per ounce and an average antimony price of AU$34,394 per tonne.Cash, bullion, and listed investment balance stood at AU$374 million after AU$16 million of corporate income tax payments during the quarter, with an AU$110 million revolving credit facility and AU$40 million contingent instrument facility executed during the quarter, the filing added.The company added that its full-year group guidance remains at 160,000 to 175,000 ounces of gold equivalent at AISC of AU$2,600 to AU$2,900 per ounce.The company was included in the S&P/ASX 200 effective on April 22, the filing said.Its shares fell 2% in recent Thursday trade.

ASX:ALK

Asia153d ago

Emerald Resources Posts Higher Gold Production in March Quarter

Emerald Resources' (ASX:EMR) Okvau gold mine operations in Cambodia recorded March quarter gold production of 26,300 ounces at an all-in sustaining cost (AISC) of $897 per ounce, according to a Thursday filing with the Australian bourse.The mine produced 19,100 ounces of gold in the March 2025 quarter at an AISC of $1,321 per ounce, an earlier filing showed.The company posted March quarter gold sales of 26,300 ounces at an average gold price of $4,875 per ounce.Gold sales in March 2025 was 26,300 ounces at an average gold price of $2,861 per ounce.The company reaffirmed its fiscal 2026 production guidance of 105,000 to 120,000 ounces, with output expected at the lower end of range, at an AISC that is in line with life-of-mine estimates of roughly $966 per ounce, the filing said.Shares fell nearly 1% in morning trade Thursday.

ASX:EMR

Showing 29281-29300 of 31725