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US, China to Discuss AI Safety Protocol, Bessent Says

The U.S. and China will discuss procedures to prevent artificial intelligence models from being acquired by non-state actors, Treasury Secretary Scott Bessent said in an interview on CNBC Friday morning in Beijing."So the two AI superpowers are going to start talking. We're going to set up a protocol in terms of, how do we go forward with best practices for AI to make sure non-state actors, don't get a hold of these models," Bessent said.Bessent did not provide a definitive timeline for the upcoming talks.Xi and Trump were expected to discuss AI during their summit in Beijing this week.

Shanghai Composite^SZSE

Asia53d ago

United Spirits Names Chief Strategy Officer; Shares Up 4%

Liquor manufacturer United Spirits (NSE:MCDOWELL-N, BOM:532432) has appointed Amitabh Pande as chief strategy officer of the company, with effect from June 1, according to a Friday filing to the Indian stock exchanges.The company's shares were up nearly 4% in recent trade.Pande has 27 years of experience and has been with Diageo India since 2021, leading consumer planning, strategy, and digital transformation.

BOM:532432NSE:MCDOWELL-N

Asia53d ago

Jefferies Adjusts JD Logistics' Price Target to HK$20 from HK$18, Keeps at Buy

JD Logistics (HKG:2618) has an average rating of buy and mean price target of HK$18.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

HKG:2618

Asia53d ago

US Export Controls on Semiconductor Not Part of Trump-Xi Summit, Trade Representative Says

U.S. export controls on semiconductors did not form part of the discussion with Presidents Donald Trump and Xi Jinping in Beijing, Trade Representative Jamieson Greer said in an interview Friday."This was not a major topic of discussion at the bilateral meeting. We did not talk about chip export controls at the meeting," Greer said in an interview with Bloomberg.The CEOs who joined Trump in Beijing only spoke about company issues, Greer said.

Shanghai Composite^SZSE

Asia53d ago

Evergreen Marine Corp Taiwan Unit Sells 12 Container Vessels; Shares Drop 5%

Evergreen Marine Corp Taiwan (TPE:2603) subsidiary Greencompass Marine sold right-of-use assets covering 12 container vessels, according to a Thursday Taiwan Exchange filing.Shares fell over 5% in Friday's afternoon trade.The assets, linked to 1,900 TEU-class vessels with lease terms of 4.38 to 8.01 years, were reduced by about $173.6 million.The transaction is expected to generate a lease modification gain of around $5 million, the filing said.

TPE:2603

Asia53d ago

Nomura Adjusts JD Health International's Price Target to HK$67 from HK$80, Keeps at Buy

JD Health International (HKG:6618) has an average rating of buy and mean price target of HK$75.02, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

HKG:6618

Asia53d ago

Ethos Opens New Watch Boutique in Bengaluru, India

Ethos (NSE:ETHOSLTD, BOM:543532) has opened a new boutique at Phoenix Mall of Asia in Bengaluru, India, according to a Thursday filing to the Indian stock exchanges.Shares of the premium watches retailer fell nearly 1% in Friday's trade.The company said it now has 99 boutiques across India.

BOM:543532NSE:ETHOSLTD

Asia53d ago

IDP Education's IELTS Website Traffic Grew 28% in April, Jefferies Says

IDP Education's (ASX:IEL) IELTS website traffic grew 28% year-over-year in April, implying around 28% year-over-year growth in the fiscal second-half-to-date to April, according to a Thursday note by Jefferies.Similarweb traffic data for major English-language testing websites showed continued momentum in April, with combined visits to IELTS, PTE, TOEFL, Duolingo, and CAEL increasing 17% year-over-year and accelerating from a 14% year-over-year increase in March.Growth was primarily driven by IELTS, TOEFL, and Duolingo. IELTS, TOEFL, and Duolingo traffic was above baseline in the month, relative to the April 2025 baseline.The investment firm assigned a buy rating on IDP Education with a price target of AU$7.80 per share.

ASX:IEL

Asia53d ago

Evergreen Marine to Buy Containers Worth Up to $65.5 Million

Evergreen Marine Corp Taiwan (TPE:2603) board approved the acquisition of 18,000 brand-new containers for a total consideration of up to $61.5 million, according to a Thursday Taiwan Exchange filing.Shares fell over 5% in Friday's midday trade.The containers will be supplied by Evergreen Heavy Industrial Corp (Malaysia), a related party.The company will use the containers for operational purposes.

TPE:2603

Asia53d ago

Comet Ridge Secures Extension to Gas Sales Agreement Conditions, Shares Down 4%

Comet Ridge (ASX:COI) said it has mutually extended the dates of two remaining conditions for its gas sales agreement (GSA) with CleanCo Queensland to June 30, according to a Friday Australian bourse filing.The conditions relate to Comet Ridge securing finance and gas transportation and processing agreements to satisfy the supply requirements under the GSA, the filing added.Comet Ridge said it continues to engage with CleanCo and other prospective gas buyers to optimize gas sales from the Mahalo Gas Hub area.The company's shares fell 4% in recent Friday trade.

ASX:COI

Asia53d ago

Buchang Pharma Unit to Invest 3.2 Million Yuan in Chengdu Medtech JV

Shandong Buchang Pharmaceuticals (SHA:603858) controlled unit Shanghai He pu Medical Technology will invest 3.2 million yuan for a 70% stake in a new medical technology company in Chengdu, China.Sichuan He pu Tongchuang Medical Technology will have a registered capital of 4.5 million yuan, according to a Friday filing with the Shanghai bourse.The joint venture will engage in medical device sales, technical services and equipment repair.Shares of the pharmaceutical company were down 2% in recent trade.

SHA:603858

Asia53d ago

Saluda Medical Unit Receives ASIC Relief From Standalone Financial Reporting Requirements, Shares Up 3%

Saluda Medical (ASX:SLD) said that the Australian Securities and Investments Commission (ASIC) granted relief to its Australian unit, Saluda Medical Pty Ltd, from certain obligations, including the requirement to prepare standalone financial reports, have them audited, and report to members separately, according to a Friday Australian bourse filing.The company said the relief applies from the financial year ended June 30, and each subsequent financial year, with Saluda already preparing consolidated financial statements that include the Australian subsidiary, avoiding the need for separate engagement of Australian accountants and an external auditor.The relief also reduces the risk of shareholders and creditors being misled by separate financial reports, while creditors of the Australian subsidiary will benefit from being party to a deed of cross guarantee (DOCG), it added.The company's shares rose 3% in recent Friday trade.

ASX:SLD

Asia53d ago

US Secures 'Fantastic Trade Deals' in Meeting with Xi, Trump Says

The US has secured trade deals with China during President Donald Trump's meeting with his Chinese counterpart Xi Jinping, according to multiple media reports."We've made some fantastic trade deals for both countries," Trump said during their encounter at Zhongnanhai, the Chinese central leadership complex.In an interview with Fox News on Thursday, Trump said China plans to order 200 jets from Boeing and that Xi "likes the idea" of buying US oil.Trump claimed his administration "settled a lot of different problems that other people wouldn't have been able to solve," The Guardian reported.The US leader made the announcement after he and Xi met at Zhongnanhai for tea and lunch, according to reports.

Shanghai Composite^SZSE

Asia53d ago

CDL Investments New Zealand Issues Over 300,000 Shares Under Dividend Reinvestment Plan, Shares Jump Over 3%

CDL Investments New Zealand (NZE:CDI) issued 331,259 ordinary shares at NZ$0.64670293 per security under its dividend reinvestment plan, which rank pari passu with its existing ordinary shares, according to a Friday New Zealand bourse filing.Its total number of ordinary shares after the issue was 293 million.Its shares advanced 3% on market close.

NZE:CDI

Asia53d ago

Ruentex Industries Logs NT$2.7 Billion in Q1 Profit

Ruentex Industries (TPE:2915) posted a profit attributable to owners of the parent of NT$2.71 billion, or NT$2.59 per basic share, for the first quarter, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.Operating revenue accumulated stood at NT$418.6 million.The company did not disclose comparative year-ago figures in the filing.

TPE:2915

Asia53d ago

Dainichiseika Plans Restructuring to Lift ROE Toward 5% Target

Dainichiseika Color & Chemicals Mfg (TYO:4116) said it will implement a group-wide business restructuring aimed at lifting profitability and improving growth potential, according to a Thursday filing on the Tokyo Stock Exchange.The company said the restructuring is intended to help achieve long-term targets of 9% return on equity and 5% return on assets, with interim milestones of at least 5% ROE and 4.3% ROA by fiscal 2027.It said the restructuring will focus on reviewing its business portfolio, including possible downsizing or withdrawal from non-core operations, as well as streamlining production, sales and administrative functions. The company will also reorganise production sites and review personnel allocation as part of the plan.Dainichiseika has set up a dedicated unit, "Project RISE", to oversee the execution of the restructuring measures. It said specific details of the plan will be disclosed around autumn 2026.The company's shares were up 5% in late Friday trade.

TYO:4116

Asia53d ago

Namchow Logs Nearly NT$31 Million in Q1 Profit

Namchow (TPE:1702) posted a profit attributable to owners of the parent of NT$30.6 million, or NT$0.12 per basic share, for the first quarter of 2026, according to a Thursday Taiwan Exchange filing.Shares slid about 2% in Friday's midday trade.Operating revenue accumulated by the consumer goods conglomerate stood at NT$5.82 billion.The company did not disclose comparative year-ago figures in the filing.

TPE:1702

Asia53d ago

Clean TeQ Water Secures Design and Construct Contract For Broken Hill's New South Wales Mine

Clean TeQ Water (ASX:CNQ) secured a contract from Broken Hill Operations, a wholly-owned unit of Broken Hill Mines (ASX:BHM), for a new ATA tailings dewatering plant at the Rasp mine in New South Wales, according to a Friday Australian bourse filing.The plant forms part of Broken Hill Operations' ramp-up of its Rasp mine to a 750,000-tonnes-per-annum nameplate production rate, with practical completion of the dewatering plant targeted for the first half of 2027.Clean TeQ and Broken Hill Operations are also finalizing a long-term polymer supply agreement for the supply of ATA reagents and licensing of ATA technology to the mine.Clean TeQ's shares fell 1% in recent trading on Friday.

ASX:BHMASX:CNQ

Asia53d ago

SUTL Enterprise, Keppel Bay Agree to Extend Long-Stop Date

SUTL Enterprise (SGX:BHU) subsidiary ONE15 Marina KB and Keppel Bay agreed to defer the long-stop date to July 31, in connection with the acquisition of property and assets at the Marina at Keppel Bay, according to a Friday filing with the Singapore Exchange.Earlier, the two parties had signed a put and call option agreement to acquire Keppel Bay's assets for SG$40 million.

SGX:BHU

Asia53d ago

New Zealand Shares Fall; Fletcher Building Sells South Australia Industrial Property for Over AU$20 Million

New Zealand shares ended lower on Thursday amid a broad-based decline in Asian shares as inflation fears impacted US Treasury bonds.The S&P/NZX 50 Index fell 0.46% or 60.06 points to close at 12,965.01.The US Treasury two-year yield rose to 4.07%, and the 10-year yield rose 4.5% amid investors' expectations of an upcoming Federal Reserve rate hike as inflation pressures rise.In domestic news, petrol and diesel prices in New Zealand increased by nearly 13% and 37%, respectively, in April compared with the previous month, according to a Stats NZ selected price indexes report.Also, New Zealand's manufacturing sector showed only marginal growth in April, as weakening demand and production pointed to a clear slowdown amid rising global uncertainty and softer business conditions, BusinessNZ said.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) entered into an unconditional agreement to sell its surplus Iplex Australia industrial property in Elizabeth for AU$20.1 million to an industrial property investor.Meridian Energy (ASX:MEZ, NZE:MEL) secured approval to develop the Bunnythorpe Energy Park in Manawatu in New Zealand's North Island, featuring a 120-megawatt (MW) solar farm alongside a previously approved battery energy storage system.

^NZ50ASX:FBUASX:MEZNZE:FBUNZE:MEL

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