Financial News · Live Terminal

Page 23 of 1596

China CITIC Bank Sets Redemption Date for 35 Billion Yuan Preference Shares

China CITIC Bank (SHA:601998, HKG:0998) will redeem 350 million domestic preference shares worth 35 billion yuan on Oct. 26, according to a Monday aftermarket filing.The move followed the National Financial Regulatory Administration expressing no objection to the redemption.The preference shares were issued in October 2016.

HKG:0998SHA:601998

Asia1d ago

Sinoplast Advanced Material Surges 384% in Shenzhen Trading Debut

Guangdong Sinoplast Advanced Material (SHE:301686) shares opened at 267.76 yuan each on their first day of trading on Shenzhen's ChiNext board.This marked a 384% jump from the modified engineering plastics company's initial public offering price of 55.28 yuan per share.

SHE:301686

Asia1d ago

Powerwell Subsidiary Bags Two Purchase Orders Worth MYR190 Million

Powerwell International, a wholly-owned subsidiary of Powerwell Holdings (KLSE:PWRWELL) has secured two purchase orders worth 190.4 million ringgit from an undisclosed technology company specializing in data centers, according to a Monday filing to the Malaysian stock exchange.Powerwell's shares were up nearly 1% in Tuesday's trade.The contracts cover the supply and delivery of low-voltage switchgear and related equipment, to be fulfilled by the financial year ending March 31, 2028.The orders are expected to contribute positively to Powerwell's consolidated earnings and net assets from the financial year ending March 31, 2027, until the financial year ending March 31, 2028.

KLSE:PWRWELL

Asia1d ago

Market Chatter: Indian Refiners Eye Alternative Crude to Avoid Russian Sanctions

Indian oil refiners may reduce Russian crude purchases for November deliveries to avoid tariffs under new U.S. sanctions, Bloomberg News reported Monday, citing people familiar with the matter.The potential shift comes as the US signed into law a new sanctions bill that could expose buyers of Russian crude to additional tariffs, the report said.India's Ministry of Petroleum and Natural Gas did not immediately respond to' request for comment.(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.)

^BSENifty 50

Asia1d ago

Power Minerals Says Maiden Exploration Target Defined at Brazil Rare Earth Project, Shares Fall 3%

Power Minerals (ASX:PNN) said a maiden exploration target at its Morro do Ferro rare earth project in Brazil of around 9.2 million tonnes to 10.7 million tonnes at 7.8% grade of total rare earth oxides (TREO) to 9.2% grade of TREO, with an estimated 1.3% grade of magnet rare earth oxide (MREO) to 1.6% grade of MREO, according to a Tuesday Australian bourse filingA maiden diamond drilling program of around 4,000 meters is ongoing at the project with two rigs in operation.Its shares fell 3% in recent trading on Tuesday.

ASX:PNN

Asia1d ago

Virgin Australia Launches Rebranded Corporate Travel Offering

Virgin Australia (ASX:VGN) launched its rebranded corporate travel offering called Virgin Australia Corporate Travel, the airline said in a statement on Tuesday.The offering will provide businesses with tailored discounts and dedicated support from a partner manager for all corporate travel needs in exchange for contracted corporate travel spend across Virgin Australia, Virgin Australia Regional Airlines in Western Australia and the airline's international airline partners, the statement said.Shares rose nearly 2% in midday trade Tuesday.

ASX:VGN

Asia1d ago

Market Chatter: Cathay Pacific Urges Hong Kong to Set Long-Term Sustainable Fuel Plan

Cathay Pacific Airways (HKG:0293) has called on Hong Kong to develop a longer-term policy framework for sustainable aviation fuel beyond 2030, the South China Morning Post reported Monday, citing the airline's chief executive.The carrier wants the framework to include mandatory targets and consistent policies to support the growth of the sustainable aviation fuel industry and help Hong Kong meet its climate goals, the report said.The call reportedly came after a mainland Chinese official proposed that Greater Bay Area authorities offer incentives, including subsidies, to encourage wider adoption of sustainable fuels.(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.)

Hang SengHKG:0293

Asia1d ago

Market Chatter: Hong Kong, Beijing Set to Expand Foreign Firms' Mainland Access Under CEPA

Hong Kong and Beijing are set to revise their free trade pact for a third time, The Standard reported, citing Secretary for Commerce and Economic Development Algernon Yau Ying-wah.Under the proposed amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), foreign companies manufacturing goods in Hong Kong would qualify for zero-tariff access to China, according to the report.Their products would need to meet the criteria for "Made in Hong Kong" origin, Yau said on a radio program Monday.(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.)

Hang Seng

Asia1d ago

NZX Midday Sector Update: Distribution Services Rises, Non-Energy Minerals Sector Struggles

Distribution services stocks advanced over 4% at midday Tuesday.Vulcan Steel (NZE:VSL, ASX:VSL) gained almost 4% in recent trade.Meanwhile, non-energy minerals shares fell past 1%.Fletcher Building (NZE:FBU, ASX:FBU) was down nearly 2% in recent trade.

^NZ50ASX:FBUASX:VSLNZE:FBUNZE:VSL

Asia1d ago

Chinese Stocks Open Higher on Easing Oil Prices, US-China AI Plan

Chinese shares opened higher on Tuesday as oil prices eased and as Washington and Beijing agreed to establish a formalized dialogue on artificial intelligence safety.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.4% higher at 3,963.81. The Shenzhen Component Index climbed 0.9% to 13,858.62.Oil prices fell to their lowest level in 12 days, as investors hoped for diplomatic progress on the Iran war amid this week's United Nations meeting and eyed a partial recovery in shipments from Saudi Arabia.During talks on Sunday between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, the two sides agreed to set up a formalized dialogue on AI, including an "incident line" for communications about AI safety incidents.Senior U.S. and Chinese officials are set to reconvene in roughly two months in Shenzhen to address AI risks and establish communication protocols for AI safety incidents.

Shanghai Composite^SZSE

Asia1d ago

Inspace Creation's Subsidiary Secures Subcontract Worth Nearly MYR35 Million

IDPM Builder, a subsidiary of Inspace Creation (KLSE:INSPACE), has accepted a letter of award for a subcontract worth around 34.9 million ringgit from an undisclosed contractor in Malaysia, according to a Monday filing to the Malaysian stock exchange.The subcontract relates to the renovation and addition works for commercial properties, which are expected to be completed by July 2028.The project is expected to contribute positively to the group's future revenue, earnings and net assets over theduration of the subcontract works.

KLSE:INSPACE

Asia1d ago

Ligent Technologies Rises 11% in Hong Kong Trading Debut

Ligent Technologies' (HKG:9856) shares opened 11% above the offer price in a steady Hong Kong debut on Tuesday morning.The Hisense-controlled optical communication products maker opened at HK$36.60 per share, compared with the offer price of HK$32.96.

HKG:9856

Asia1d ago

Hong Kong Stocks Open Higher Following U.S. Tech Rally, Easing Oil Concerns

Hong Kong stocks rose at the start of Tuesday's trading session after artificial intelligence-related momentum lifted U.S. tech names and a retreat in oil prices allayed investor concerns about market supply constraints.The Hang Seng Index gained 0.5%, or 128 points, to 25,170.80. The Hang Seng China Enterprises Index rose 0.4%, or 33 points, to 8,373.03.Meta Platforms led the rally on the Nasdaq after its latest consumer AI offering, Muse, was well received ahead of its Meta Connect 2026 event on Wednesday and Thursday. Chip darlings like Intel and AMD also notched double-digit percentage gains, helping the index close at an all-time high on Monday.The global oil benchmark traded in the low $90s per barrel on Tuesday as investors became optimistic about the diplomatic efforts to ease tensions in the Middle East. U.S. President Donald Trump, who will address the UN General Assembly in New York later in the day, could also meet with Iranian President Masoud Pezeshkian to make a deal that could improve ties between Washington and Tehran.

Hang Seng

Asia1d ago

BHP Group Renames South Australia Project

BHP Group (ASX:BHP) and the Kokatha Aboriginal Corporation renamed the Oak Dam exploration project in South Australia to Ankata following a community-led process run by the Kokatha people, the mining company said in a statement on Tuesday.The company anticipates further underground exploration at the project site through the construction of a twin decline, the statement said.

ASX:BHP

Asia1d ago

ASX to Launch New Overnight Repo Benchmark SOFIA; Shares Up 3%

ASX (ASX:ASX) is set to launch SOFIA, the Secured Overnight Funding Index Australia, a new transaction-based benchmark expected to provide a transparent reference rate for Australia's overnight repo market, according to a Tuesday Australian bourse filing.ASX said the benchmark measures the cost of overnight funding secured against eligible Australian dollar-denominated government securities, set against using eligible overnight repo transactions settled through Austraclear.SOFIA will be rolled out to subscribers from Sept. 28 and is anticipated to complement existing benchmarks including BBSW and AONIA and expand the range of reference rates available, ASX added.ASX shares rose 3% in recent Tuesday trade.

ASX:ASX

Asia1d ago

HKEX Proposes Easing Rules for Corporate Deals, Spin-Offs

Hong Kong Exchanges and Clearing (HKG:0388) proposed easing listing rules to give companies greater flexibility in corporate transactions while maintaining investor safeguards, according to a Monday press release.The proposals would raise the threshold for a major transaction to 50% from 25%, while deals between 25% and 50% would require enhanced disclosure but no shareholder approval.HKEX also plans to remove the very significant acquisition and disposal classifications.The Exchange proposed raising the threshold for a connected subsidiary to 30% from 10% and allowing certain continuing connected transaction caps to be expressed as a percentage of revenue or other financial measures.For spin-offs, eligible companies meeting specified size and business criteria could use a self-assessment route without prior HKEX approval.The proposals would also remove the assured entitlement requirement and shorten the spin-off application moratorium from three years to one year.The consultation closes Nov. 30.

Hang SengHKG:0388

Asia1d ago

Templeton Emerging Markets Investment Trust Reports Net Asset Value

Templeton Emerging Markets Investment Trust's (NZE:TEM) unaudited net asset value, including income, was 3.2 billion pounds sterling, or 3.5195 pounds sterling per share, as of Sept. 18, according to a Tuesday filing with the New Zealand bourse.Unaudited net asset value excluding income was 3.16 billion pounds sterling, representing a net asset value of 3.4836 pounds sterling per share, the filing said.

NZE:TEM

Asia1d ago

Jindalee Lithium Files Updated Registration Statement for US Business Combination

Jindalee Lithium (ASX:JLL) filed a further amended registration statement with the US Securities and Exchange Commission (SEC) for the proposed business combination involving its unit HiTech Minerals, Constellation Acquisition Corp I and US Elemental, according to a Tuesday Australian bourse filing.The company said the updated filing responds to a second round of SEC comments received in early September, with the filing expected to be cleared by the regulator in late September or October.The deal and the Nasdaq listing of US Elemental remain on track to close in the fourth quarter of 2026, subject to remaining conditions being met, it added.The company's shares rose past 1% in recent Tuesday trade.

ASX:JLL

Asia1d ago

Henderson Far East Income Reports Net Asset Value

Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current fiscal year revenue items, was 2.589 pounds sterling per share as of Sept. 18, according to a Tuesday filing with the New Zealand bourse.Unaudited net asset value, excluding current fiscal year revenue items for the same period, was 2.472 pounds sterling per share, the filing said.

NZE:HFL

Asia1d ago

F&C Investment Trust Reports Net Asset Per Ordinary Share

F&C Investment Trust (NZE:FCT) said its net assets before charges at market value and excluding income came in at 3.7261 pounds sterling per ordinary share as of Sept. 18, according to a Tuesday New Zealand bourse filing.Net assets per ordinary share before charges at market value and including income clocked in at 3.7437 pounds sterling, per the filing.Meanwhile, net assets before charges at nominal value and excluding income were 3.6105 pounds sterling per ordinary share.Net assets before charges at nominal value and including income were 3.628 pounds sterling per ordinary share.

NZE:FCT

Showing 441-460 of 31909