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Rukmani Devi Garg Agro Impex's CFO Resigns; Shares Up 5%

Agri products company Rukmani Devi Garg Agro Impex (BOM:544552) said its chief financial officer and key managerial personnel, Lakshya Gupta, effective Wednesday, according to a same-day filing to the BSE.Gupta resigned due to personal and professional commitments.The company's shares were up nearly 5% in recent trade.

BOM:544552

Asia153d ago

Market Chatter: Indonesia to Export About 1 Million Tonnes of Fertilizer Due to Domestic Surplus

Indonesia is in discussion to export nearly 1 million tonnes of fertilizer to India, the Philippines, Thailand and Brazil due to domestic surplus, The Star reported Wednesday, citing Cabinet Secretary Teddy Indra Wijaya's presidential office statement.The plan follows an earlier commitment to supply 250,000 tonnes of fertilizer to Australia. The country produces about 7.8 million tonnes of urea fertilizer annually against the domestic demand of 6.3 million tonnes, leaving a surplus available for export, according to the report.The move will balance domestic supply needs while expanding overseas markets amid shifting global fertilizer demand, the news outlet reported.(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.)

^JKSE

Asia153d ago

Light & Wonder's Q1 Results Expected to Be Soft, 2026 Outlook Expected to Be Maintained, Jarden Says

Light & Wonder's (ASX:LNW) first-quarter results are expected to be soft, though the full-year outlook is expected to be maintained, Jarden said in a Tuesday note.Jarden said its first-quarter adjusted earnings before interests, taxes, depreciation, and amortization (AEBITDA) estimate of $326 million is expected to be 5% below consensus. The first quarter represents just 21% of the full-year AEBITDA estimate and proportional contribution set to build through the year.It noted that the underlying demand backdrop remains intact.The investment firm retained its buy rating on Light and Wonder and cut the price target to AU$190 per share from AU$199 per share.

ASX:LNW

Asia153d ago

CECEP Wind-power 2025 Profit Falls 48%; Shares Down 3%

CECEP Wind-power (SHA:601016) posted 2025 attributable net profit of 685.7 million yuan, down 48% from 1.33 billion yuan the previous year.Earnings per share slid to 0.106 yuan from 0.199 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 11% year over year to 4.50 billion yuan from 5.03 billion yuan.Shares of the renewable energy company were down 3% in recent trade.

SHA:601016

Asia153d ago

Market Chatter: Indonesia to Grant China Authorization for Reciprocal Bond Issuances

Indonesia's Finance Minister Purbaya Yudhi Sadewa has stated that the country will permit China to issue sovereign bonds in its domestic market, Jakarta Globe reported Tuesday.Indonesia is also planning debt instrument issuances in China after talks on reciprocal cross-border issuances at the spring meetings of the World Bank and International Monetary Fund in the US last week, the report said.China's competitive interest rates have previously prompted Indonesia to reveal plans to issue Panda bonds in the country.Access to more affordable funding options has boosted Indonesia's bargaining leverage with international investors, 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.)

^JKSE

Asia153d ago

Escorts Kubota Launches Three New Tractor Models in India

Agri‑machinery and construction equipment manufacturer Escorts Kubota (NSE:ESCORTS, BOM:500495) has launched three new tractor models in India under the Digitrac series of its Powertrac range, according to a Wednesday filing to the Indian stock exchanges.With this launch, the company's Digitrac range has expanded from its existing two models to a series of five in the 45-55 HP category range, which is designed for advanced agricultural and heavy haulage applications.Escorts Kubota operates three tractor brands in India, Kubota, Farmtrac, and Powertrac, aimed at the premium, entry‑premium, and value segments, respectively.

BOM:500495NSE:ESCORTS

Asia153d ago

Cleanaway Waste Management Fiscal 2027 Free Cash Flow Inflection Point Guidance Encouraging, Says Jarden

Cleanaway Waste Management (ASX:CWY) expects that a 'free cash flow inflection point' will arrive in fiscal 2027, which is encouraging and largely congruent with Visible Alpha expectations, according to a Tuesday Jarden note.The research firm believes that investors are largely taking a "prove it" approach to the improvement in free cash flow to fiscal 2030, which could be demonstrated by the company in the second half of fiscal 2026.Jarden sees the second half of the fiscal year as a critical juncture for Cleanaway to demonstrate that future organic earnings growth can be supported by strong free cash generation, while delivering forecast dividends.Jarden maintained a buy rating on Cleanaway Waste Management with a price target of AU$3.10.The company's shares rose 3% in recent Wednesday trade.

ASX:CWY

Asia153d ago

Volkswagen to Launch AI Agents with 'Human-Like' Abilities in China

Volkswagen unveiled plans to launch new artificial intelligence-powered "agents" in China that would be able to interact with drivers on a "human-like" level, the German car group said in a Wednesday press release.The AI agent, which incorporates a locally trained large language model, will be installed in all vehicles made for the Chinese market and will be introduced in the second half of the year."Unlike a simple voice assistant that reacts to specific commands, an Agentic AI proactively understands user intent, executes complex, multi-system actions, and makes contextual decisions to achieve a goal through natural conversation," Volkswagen said.The automaker also said it will expand to 30 electrified vehicle models by 2027 and 50 more by 2030, including 30 all-electric vehicles.

Shanghai Composite^SZSE

Asia153d ago

Ethos Opens New Watch Boutique in Faridabad, India; Shares Jump 10%

Premium watches retailer Ethos (NSE:ETHOSLTD, BOM:543532) has opened a new boutique in Faridabad, India, according to a Tuesday filing to the Indian stock exchanges.Shares of the company jumped nearly 10% in Wednesday's trade.With this new outlet, the company now has 95 boutiques across India.

BOM:543532NSE:ETHOSLTD

Asia153d ago

Far East Smarter Energy Turns to 2025 Profit; Shares Jump 9%

Far East Smarter Energy (SHA:600869) posted 2025 attributable net profit of 58.9 million yuan, compared with loss of 318.0 million yuan the previous year.Earnings per share stood at 0.0267 yuan, versus loss per share of 0.1433 yuan last year, according to a Wednesday filing with the Shanghai bourse.Operating revenue rose 7.7% year over year to 28.1 billion yuan from 26.1 billion yuan.Shares of the wire and cable manufacturer were up 9% in recent trade.

SHA:600869

Asia153d ago

Australian Shares Decline; Treasury Wine Estates to Transition to New Regional Operating Model in October

Australian shares retreated at Wednesday's close as uncertainty around negotiations between the US and Iran continued, even as the US extended a ceasefire.The S&P/ASX 200 Index declined 1.18%, or by 105.80 points, to close at 8,843.60.US President Donald Trump said the US would extend the ceasefire with Iran indefinitely. Iran had rejected a second round of negotiations before the extension was declared. The Strait of Hormuz remained closed, while President Trump said he would continue the US's blockade of Iran.Brent crude oil futures were steady at $$98.47 per barrel.On the domestic front, the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to negative 0.13% in March from 0.05% in February, signaling a renewed slowdown in growth expectations as higher interest rates and weaker consumer sentiment weigh on the outlook.The Commonwealth Bank of Australia's inaugural FX Barometer report, conducted between Feb. 16 and April 10, showed that importers were hedging around 80% of their currency exposures and exporters hedging 86%, while businesses that both import and export were hedging around two-thirds of their exposures, reflecting partial natural offsets.In company news, Treasury Wine Estates (ASX:TWE) will transition to a new regional operating model, effective Oct. 1. Under the new model, the company will operate four regional divisions: the Americas; Australia and New Zealand (ANZ) and Europe; Greater China; and emerging markets, which cover the rest of Asia, Middle East, and Africa. Its shares soared over 16% on market close.BHP Group (ASX:BHP) reported fiscal third-quarter copper production of 476,800 tonnes, down 7% from a year earlier. Iron ore output for the March quarter was 62.8 million tonnes, an increase of 2% from the year-ago period. Its shares closed up over 1%.Lastly, South32 (ASX:S32) reported a 1% increase in alumina production year-to-date to March, helped by record production in its Brazil Alumina segment. Aluminium production was mostly flat during the period. Its shares were up over 1% on market close.

ASX 200ASX:BHPASX:S32ASX:TWE

Asia153d ago

MeiHua 2025 Profit Up 20%; Shares Fall 9%

MeiHua (SHA:600873) posted 2025 attributable net profit of 3.28 billion yuan, up 20% from 2.74 billion yuan the previous year.Earnings per share rose to 1.17 yuan from 0.94 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 3.4% year over year to 24.2 billion yuan from 25.1 billion yuan.Shares of the nutritional products manufacturer were down 9% in recent trade.

SHA:600873

Asia153d ago

MeiHua's Attributable Profit Drops 88% in Q1; Shares Slide 9%

MeiHua's (SHA:600873) attributable profit plunged 88% to 117.9 million yuan in the first quarter from 1.02 billion yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.Earnings per share at the nutritional products manufacturer slid to 0.04 yuan from 0.36 yuan in the prior-year period.Operating income slipped 4.5% year over year to 5.99 billion yuan from 6.27 billion yuan.Shares decreased 9% during afternoon trading on Wednesday.

SHA:600873

Asia153d ago

Dyno Nobel Earnings Favorably Exposed to Mining End Markets, Jefferies Says

Dyno Nobel's (ASX:DNL) earnings are favorably exposed to mining end markets and its integrated capacity amid a tight global market positions it favorably from impacts of the Middle East conflict, Jefferies said in a Tuesday note.Jefferies forecast a first-half explosives earnings before interest and taxes (EBIT) of AU$190 million, around 2% over the consensus forecasts, and at the top end of Dyno Nobel's AU$460 million to AU$500 million fiscal year 2026 EBIT guidance range. It also forecast AU$123 million net profit after tax for the first half, which is around 2% above consensus on a continuing basis.It lowered both its EBIT and earnings per share forecasts by around 1% in fiscal year 2026 to fiscal year 2028.The investment firm retained its buy rating on Dyno Nobel with a price target of AU$3.90 per share.

ASX:DNL

Asia153d ago

Uzma, Boustead to Explore Satellite Communications, Geospatial Intelligence

Uzma (KLSE:UZMA) unit Uzma Space and Defence signed a memorandum of understanding with Boustead to explore collaboration in satellite communications and geospatial intelligence, according to a Tuesday Malaysian bourse filing.Uzma's shares rose over 2% Wednesday afternoon.The partnership will focus on developing satellite-based solutions, Earth observation capabilities, and AI-driven geospatial analytics for defence, security, and critical infrastructure applications.Both parties will also look at joint participation in government and regional tenders, along with co-development of integrated intelligence and communication systems.The collaboration may include training programs and knowledge-sharing initiatives in related technologies.The MoU is valid for one year, with an option for extension, the filing said.

KLSE:UZMA

Asia153d ago

Market Chatter: Taiwan Gives Go-Ahead to Google for NT$27 Billion Investment

Taiwan's Ministry of Economic Affairs gave tech firm Google approval to invest NT$27 billion to expand its businesses in the data processing and semiconductor niche, according to a report by Focus Taiwan Wednesday.Of the total, Google reportedly intends to invest NT$25.3 billion in data processing and electronics information services through its unit Fructan Holdings Singapore and NT$1.74 billion in semiconductor-related acquisitions through subsidiary Connectds Singapore.Google is also eyeing a new data center in Tainan in a bid to expand its AI segment, the report said citing local media.(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.)

Taiwan Weighted

Asia153d ago

Cape EMS Forays into Advanced Interconnect Engineering; Shares Rise 3%

Cape EMS (KLSE:CEB) established a manufacturing and engineering platform through a joint venture with New Grand Tech (HK), according to a Tuesday Malaysian bourse filing.Shares of Cape EMS rose over 3% in Wednesday's afternoon trade.The platform, GrandCape, will focus on flexible flat cables, AI data center interconnects, and battery energy storage system solutions, marking the group's expansion into advanced connectivity and energy systems.The initiative positions Cape EMS within the global AI infrastructure and GPU supply chain, supporting high-performance computing and data center applications. It also strengthens its exposure to the electric vehicle and renewable energy storage segments, the filing said.

KLSE:CEB

Asia153d ago

SER Industries Gets BSE's Approval for Name Change

Logistic service provider SER Industries (BOM:507984) has received approval from the BSE stock exchange to "Desi Farms India" with effect from April 21, according to a same-day filing to the BSE.The company's equity shares will be traded under scrip ID "DESIFARMS" with effect from April 27.The company's shares were up 2% in recent trade.

BOM:507984

Asia153d ago

Patronus Resources Conditionally Agrees to Vote for Emmerson Resources-Pan African Resources Deal

Emmerson Resources (ASX:ERM) said shareholder Patronus Resources (ASX:PTN) has conditionally agreed to vote in favor of Pan African Resources' proposed acquisition of Emmerson, according to a Wednesday filing with the Australian bourse.Patronus, which holds about 7.4% of Emmerson's issued share capital, will vote for the deal if the share exchange ratio is at least 0.1493 Pan African shares for each Emmerson share. The positive vote is also subject to no superior proposal emerging and independent experts finding the deal to be in the best interests of Emmerson shareholders, per the filing.Emmerson Resources shares were down 3% on market close, while Patronus Resources fell nearly 2%.

ASX:ERMASX:PTN

Asia153d ago

Nuix's Linkurious Acquisition Leads to 3% to 6% Increase in Fiscal Year 2026 to Fiscal Year 2028 Revenue, Earnings Estimate, Jefferies Says

Nuix's (ASX:NXL) fiscal year 2026 to fiscal year 2028 revenue and earnings estimates were increased by 3% to 6% to reflect the addition of Linkurious, Jefferies said in a note on Tuesday.Nuix's Linkurious acquisition was completed broadly in line with expectations. Despite drawing AU$20 million of debt, the firm is expected to remain in a net cash position.Jefferies acknowledged the potential cross-sell opportunities and technology enhancements following the acquisition, but added that it was too early to incorporate these into its forecasts.The investment firm maintained a buy rating on Nuix and a price target of AU$2.20 per share.

ASX:NXL

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Asia153d ago

Australian Shares Decline; Treasury Wine Estates to Transition to New Regional Operating Model in October

ASX 200ASX:BHPASX:S32ASX:TWE