Financial News · Live Terminal

Page 191 of 826

Hon Hai, Schneider to Develop Next-Generation AI Data Centers

Hon Hai Technology Group (TPE:2317), also known as Foxconn, is partnering with Schneider Electric to develop next-generation AI data centers, according to a Monday statement.The companies will combine Schneider's power and energy expertise with Foxconn's manufacturing and system integration capabilities to build ready-to-deploy AI infrastructure, according to the release.

TPE:2317

Asia20d ago

Anker Innovations Passes Hong Kong Listing Hearing

Anker Innovations Technology (SHE:300866) passed its listing hearing with the Hong Kong bourse, paving the way for its proposed initial public offering in the city to proceed.The smart device manufacturer plans to use the proceeds from its IPO to expand its product offering, research and development, brand enhancements, direct-to-consumer global market strategy, global expansion, and for working capital, according to its post-hearing information pack.

SHE:300866

Asia20d ago

HKC Raises Nearly 7.4 Billion Yuan in Shenzhen IPO

HKC (SHE:001399) priced its Shenzhen initial public offering at 10.12 yuan per share, raising 7.39 billion yuan through the issuance of 729.8 million shares, according to a Tuesday bourse filing.The display panel manufacturer allocated 364.9 million shares, or 50% of the offering, to strategic investors, including Hisense Visual Technology, China Mobile Investment, Sinopec Capital, and Xinhua Life Insurance.The online offering was 2,313.88 times subscribed before a clawback mechanism was triggered, resulting in 146 million shares being reallocated from the offline tranche to the online tranche.Following the reallocation, the final offline offering totaled 109.5 million shares, while the final online offering amounted to 364.9 million shares.

SHE:001399

Asia20d ago

Karoon Energy Cuts 2026 Production Guidance Due to Operational Issues at Joint Venture; Shares Fall 8%

Karoon Energy (ASX:KAR) lowered its aggregate production guidance for the year to between 7.2 million barrels of oil equivalent (MMboe) and 8.2 MMboe from a previous range of 8.1 to 9.2 MMboe, according to a Tuesday filing with the Australian bourse.The downgrade is a result of operational issues at the company's Who Dat joint venture, which operates a namesake oil and gas field in the Gulf of Mexico, per the filing.Following recent technical analyses, the operator of the joint venture informed the company that the reinstatement of production through the Who Dat E manifold will not occur this year and is now expected to take place in the second half of 2027.A remediation plan is in the works to restore the deferred production, including the removal of a failed riser that is planned in the third quarter, the filing said.It added that intervention programs at two wells in the Baúna project off the coast of Brazil have been impacted by mechanical issues and weather delays, but work is progressing, and both wells are expected to be online around mid-year.Karoon Energy shares fell 8% in recent Tuesday trade.

ASX:KAR

Asia20d ago

Clinuvel Pharmaceuticals Advances US Listing Plan With SEC Filing for Nasdaq ADS Upgrade

Clinuvel Pharmaceuticals (ASX:CUV) filed a Form 20-F registration statement with the US Securities and Exchange Commission (SEC), paving the way to upgrade its American depositary receipt (ADR) program to Level II from Level I and list American depositary shares (ADS) on the Nasdaq Stock Market once the filing is declared effective, according to a Tuesday filing with the Australian bourse.The move is intended to enhance visibility and liquidity in major capital markets, driven by increasing investor interest in its vitiligo treatment development program, per the filing.The company currently trades over the counter in the US under the ADR ticker "CLVLY" and has stated that its ADS is expected to be listed on Nasdaq under the ticker "CUVL," with no intention to raise capital or issue new shares as part of the upgraded ADR program, the filing said.The company said that the listing process remains subject to SEC review and Nasdaq approval, with no assurance of completion or timing, the filing added.The company's shares gained about 1% in recent Tuesday trade.

ASX:CUV

Asia20d ago

Update: Southern Cross Electrical Engineering Secures AU$150 Million Through Institutional Placement; Shares Hit Record High

(Updates to add stock movement in the headline and last paragraph)Southern Cross Electrical Engineering (ASX:SXE) completed a fully underwritten institutional placement, raising AU$150 million through the issue of about 37.5 million new shares at AU$4 each, representing a 1.2% discount to the stock's five-day volume-weighted average price, according to a Tuesday filing with the Australian bourse.The placement was strongly supported by both existing and new investors and is expected to settle on Friday, per the filing.The company will also offer eligible shareholders in Australia and New Zealand a non-underwritten share purchase plan (SPP) to raise up to AU$15 million, allowing subscriptions of up to AU$30,000 per shareholder at AU$4 per share, the filing said.The SPP is scheduled to open on June 23 and close on July 7, with the company reserving the right to accept applications and adjust allocations at its discretion.The proceeds will be used to fund working capital for new works awards and to provide financial flexibility for future acquisition opportunities that offer further geographic diversification or new capabilities, the filing added.The company's shares jumped over 15% in recent Tuesday trade and earlier hit a record high.

ASX:SXE

Asia20d ago

Monash IVF Group Signs Supply Deal With Memphasys; Shares Down 3%

Monash IVF Group (ASX:MVF) signed a 12-month exclusive national supply agreement with reproductive biotechnology company Memphasys (ASX:MEM) for the Felix sperm separation system, according to a Tuesday filing with the Australian bourse.In the initial three-month roll-out phase, the system will be deployed across two designated sites, the filing said.Felix cartridges and consoles will be supplied across the company's Australian network, which includes 22 clinics across all mainland capital cities, upon completion of the initial phase, per the filing.Commercial terms were not disclosed.Monash IVF Group shares fell 3% in morning trade on Tuesday.

ASX:MEMASX:MVF

Asia20d ago

Overseas Filipino Remittances Rise 2% in April

Overseas remittances from Filipinos rose by 2% year on year to $2.72 billion in April from $2.66 billion, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Sunday.Media reports estimate April growth to be the weakest in nearly four years, after May 2022, when remittances grew by 1.8%.From January to April, cash remittances increased by 2.6% to $11.4 billion.Remittance growth in April eased from the 2.3% increase recorded in March, when cash remittances reached $2.9 billion.The US remained the largest source of remittance inflows, followed by Singapore and Saudi Arabia, reflecting the continued concentration of remittance flows, the BSP said.

^PSE

Asia20d ago

Indian Government Plans to Sell Up To 5% in General Insurance Corporation of India Through OFS

The Indian government plans to sell up to 5% stake in General Insurance Corporation of India (NSE:GICRE, BOM:540755) through an offer for sale, the ⁠state-run insurer said in a filing to the Indian stock exchanges on Monday.The government will extend a base offer of up to a 2% equity share in General Insurance, with an option to sell an additional 3% if the offering is oversubscribed.The floor price for the offer is fixed at 352 Indian rupees per share, representing a discount of around 9% from the company's close on Monday.The OFS will open to non-retail investors on Tuesday, and to retail investors on Wednesday.As of March 31, the government owned 82.4% of the insurer.

BOM:540755NSE:GICRE

Asia20d ago

Japanese Stocks Open Flat Ahead of BOJ Decision

Japanese shares started Tuesday's session little changed, on caution ahead of the Bank of Japan's interest rate decision.The Nikkei 225 opened marginally lower at 69,288.91.Deputy Governor Shinichi Uchida will deliver the central bank's latest rate decision and outline its future direction later today. He is stepping in for Governor Kazuo Ueda, who remains hospitalized due to a liver infection.Economists surveyed by Bloomberg widely expect the BOJ to raise interest rates to levels not seen in nearly three decades before Uchida addresses the public.

Nikkei 225

Asia20d ago

Market Chatter: Japan Mulls Mandatory EV Battery Recycling as Waste Volume Rises

Japan may require automakers to collect used electric vehicle batteries under the country's auto recycling law as EV battery waste increases, Nikkei Asia reported on Tuesday.Two ministries drafted a report last week outlining policy measures and plan to establish a working group this summer, the publication said.Currently, 14 domestic and 18 foreign automakers voluntarily participate in battery collection, but rising disposal volumes threaten this arrangement, the news daily said.The Environment Ministry estimates the number of discarded EV batteries will surge from 50,000 in fiscal 2026 to 400,000 in fiscal 2040, the report said.Mandatory collection would address fire risks from lithium-ion batteries while boosting Japan's self-sufficiency in critical metals such as lithium and cobalt, 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

Asia20d ago

Eisai to Invest GBP 48 Million in UK Site for Cold-Chain Drug Capabilities

Eisai (TYO:4523) will invest 48 million pounds in its manufacturing site in Hatfield, Hertfordshire, to establish supply chain and packaging capabilities for current and future medicines requiring cold-chain management, according to a Monday statement.The investment is supported by the UK government's Life Sciences Innovative Manufacturing Fund.The project will enable Eisai to transition from using external contract manufacturers to an in-house packaging model for temperature-controlled medicines, including its lecanemab treatment for Alzheimer's disease.The expansion includes the construction of ambient and cold-chain warehouses, enhanced goods receipt and dispatch facilities, and the installation of new packaging lines.Eisai said the investment will strengthen the Hatfield facility's role as a global manufacturing hub serving Europe, the Middle East and Africa, while improving production flexibility and quality management.

TYO:4523

Asia20d ago

Market Chatter: Japan Weighs Self-Defense Mission to Hormuz

Japan is considering deploying Self-Defense Forces (SDF) for minesweeping and escort operations in the Strait of Hormuz following the recent U.S.-Iran peace deal, Nikkei Asia reported on Monday, citing Prime Minister Sanae Takaichi.While Takaichi welcomed the agreement and stressed the need for proper implementation, the news daily reported that the government is struggling to build support at home for any potential military mission in the region.Chief Cabinet Secretary Minoru Kihara said no decision has been made on dispatching the SDF to the Strait of Hormuz, the publication added.Due to constitutional restrictions under Article 9, Japan has long maintained that overseas troop deployment is generally not permitted, the report noted.As a result, the government now faces a domestic challenge in securing public and political support for such an operation.(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

Asia20d ago

Nova Minerals Reports Implementation of Schemes of Arrangement for New US Holding Entity

Nova Minerals (ASX:NVA) said schemes of arrangement for Nova Minerals Corp to become the group's new US-based holding entity have now been implemented, according to a Tuesday filing with the Australian bourse.All of Nova Minerals' shares and Nasdaq-listed warrants have been transferred to Nova Minerals Corp.Holders of Nova's ASX shares received one Nova Minerals Corp Chess depositary interest for each share held, while holders of Nasdaq-listed warrants received three Nova Minerals Corp warrants listed on the New York Stock Exchange for every warrant held.Nova Minerals' shares on the ASX were suspended at the close of trading on June 3, and the company plans to seek its removal from the ASX official list effective from the close of trading on Wednesday, per the filing.Meanwhile, the trading of Nova Minerals Corp's shares and warrants on the NYSE American is also expected to start on Wednesday.

ASX:NVA

Asia20d ago

South Korean Shares Open Higher on US-Iran Deal, Upbeat Export Price Data

South Korean shares opened sharply higher on Tuesday on elevated investor sentiment after the U.S. and Iran signed a memorandum of understanding to end the Middle East war.The benchmark Korea Composite Stock Price Index, or Kospi, rose 1.8%, or 150.57 points, to open at 8,696.55. The Kosdaq, however, marginally declined to open at 1,039 points.Senior U.S. officials confirmed the signing of an MOU, with a formal signing ceremony expected to take place on Friday, Reuters reported.At home, sentiment was boosted by a faster increase in export prices in May, boosted by the rally in exports of semiconductor-linked products.

^KOSDAQKOSPI

Asia20d ago

ASX Preview: Australian Shares Set to Fall as Oil Drop on US-Iran Deal; Atlas Arteria Says IFM Global Unit Lifts Stake

Australian shares are poised to fall on Tuesday after oil prices tumbled to a three-month low following reports that the US and Iran signed a memorandum of understanding to end the conflict and reopen the Strait of Hormuz, erasing much of the crude's war-risk premium.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.7%, 3.1%, and 0.9%, respectively.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision.In corporate news, Atlas Arteria (ASX:ALX) received notice that IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 and its affiliates increased their holdings in the company to 38.26% from 34.48%.Including those held by or on behalf of the listed equity funds, Diamond Infraco 1 and its affiliates now have a 39.61% stake in Atlas Arteria, compared with 35.68% from the previous notice.HomeCo Daily Needs REIT (ASX:HDN) has reported a preliminary unaudited portfolio valuation gain of AU$92 million, or 1.8%, as at June 30, increasing the value of its portfolio to AU$5.19 billion from AU$5.1 billion at Dec. 31, 2025, primarily driven by net operating income growth.Australia's benchmark index rose 1.3% or 110 points to close at 8,914 on Monday.

ASX 200ASX:ALXASX:HDN

Asia20d ago

Oil India Partners With India's CSIR on Oil, Gas Research

Oil India (NSE:OIL) has signed a memorandum of understanding with the Council of Scientific and Industrial Research (CSIR) to advance technologies in upstream and downstream oil and gas operations.The collaboration will also be focused on enhancing oil recovery, renewable energy, sustainable practices, and critical minerals, according to a statement on Monday.Both parties will work together to develop efficient, cost-effective solutions focused on operational efficiency.

NSE:OIL

Asia20d ago

Terra Drone Adds Two Ukrainian Drone Companies to Defense Platform

Tokyo-based Terra Drone (TYO:278A) will acquire a 50% stake in Ukraine's WinnyLab, becoming its largest shareholder and consolidating it as a subsidiary through its Estonia-based European unit.The transaction follows Terra Drone's initial investment in WinnyLab in April, according to a Monday statement.Terra Drone said it plans to leverage WinnyLab's expertise in fixed-wing interceptor drones to accelerate the global expansion of its defense business.Separately, the company said it will also consolidate Amazing Drones, a Ukrainian interceptor drone company developing the Terra A1 short-range, rapid-response interceptor drone.The two consolidations are aimed at building a layered defense system capable of addressing increasingly diverse aerial threats, Terra Drone said.

TYO:278A

Asia20d ago

Alpha HPA Receives Four New Letters of Intent, Forecasts Demand to Exceed 50,000 Tonnes by 2030

Alpha HPA (ASX:A4N) said it has received four new letters of intent covering two further commitments for high purity alumina (HPA) for thermal fillers in semiconductor encapsulation, high purity alumina hydrates for specialty catalysts, and high purity aluminum products for the lithium-ion battery sector, according to a Tuesday Australian bourse filing.The company said commercial supply terms have been accepted for aluminum nitrate use in the chemical mechanical polishing (CMP) sector, with building demand and first commercial orders received for HPA nano slurry.Alpha HPA said its updated internal market demand model, based on refreshed end-user engagement and industry interviews, forecasts demand for its HPA and high-purity aluminum trihydrate products to exceed 50,000 tonnes per year by 2030.

ASX:A4N

Asia20d ago

Tabcorp Holdings Extends AU$980 Million Syndicated Term Loan Facility

Tabcorp Holdings (ASX:TAH) extended its AU$980 million syndicated term loan facility on better pricing terms, according to a Tuesday filing with the Australian bourse.The maturity date of the facility's AU$430 million tranche A was extended to Oct. 14, 2031, from June 14, 2029, while the maturity of AU$550 million tranche B has been extended to June 14, 2029, from July 31, 2027.The extension, combined with Tabcorp's US private placement and Australian medium-term note debt, increases the company's average debt maturity to 4.4 years from 3.2 years, per the filing.

ASX:TAH

Showing 3801-3820 of 16518