Financial News · Live Terminal

Page 1022 of 3263

Mastermyne Group Sentenced to Pay AU$310,000 Penalty Over Fatal Moranbah North Mine Incident

Mastermyne Group (ASX:MYE) said it has accepted responsibility and entered a guilty plea in relation to legal proceedings arising from a fatal incident at the Moranbah North Mine in March 2022, which led to the death of mineworker Gavin Feltwell, according to a Tuesday Australian bourse filing.The Magistrates Court of Queensland sentenced Mastermyne to pay a financial penalty of AU$310,000 plus AU$54,000 in costs, with no conviction recorded, the filing added.

ASX:MYE

Asia38d ago

Hastings Technology Metals Raises AU$1 Million Via Strategic Placement to Malaysia's Malaco Mining

Hastings Technology Metals (ASX:HAS) said Malaco Mining agreed to make a strategic investment of AU$1 million via a placement of 2.7 million fully paid ordinary shares at AU$0.365 per share, according to a Tuesday Australian bourse filing.Malaco Mining is a Malaysian mining company established in 2005, focused on mineral exploration and development in the Asia-Pacific, with key projects in Malaysia and Australia, the filing added.Hastings intends to apply the proceeds toward general working capital and to support its rare earths strategy in Australia and Thailand, including the ongoing advancement of its rare earths project pipeline and Thai-based hydromet plant, with Malaco's investment providing additional balance sheet flexibility, it added.

ASX:HAS

Asia38d ago

Vanzo Unit to Distribute Leadsun International Products in Malaysia

Vanzo (KLSE:VANZO) unit Vanzo Asia signed a distribution deal with Hong Kong-based Leadsun International to distribute LIBY-branded products in Malaysia.Under the deal, Vanzo Asia will act as the non-exclusive importer and distributor, with rights to market and develop sales channels nationwide, subject to performance conditions, according to a Monday Malaysian bourse filing.The agreement runs for an initial one-year term, and is automatically renewable unless terminated with 90 days' notice.

KLSE:VANZO

Asia38d ago

QingSong Health Launches HK$100 Million Share Buyback; Shares Slide 6%

QingSong Health (HKG:2661) is planning to buy back up to HK$100 million of shares from the open market, according to a Monday Hong Kong bourse filing.Shares of the telehealth company were down nearly 6% in Tuesday afternoon trading.The shares will be repurchased from time to time until the firm's annual general meeting.

HKG:2661

US Markets38d ago

India's Private Sector Growth Moderates in June as Services Activity Hits 17-Month Low, Manufacturing Eases

Growth in India's private sector moderated in June as a cooling in new orders and slower inventory accumulation pulled business activity down from recent elevated levels.The HSBC Flash India Composite Output Index slipped to 57.4 from 59.3 in May, marking the slowest pace of expansion since March, according to data released by S&P Global and HSBC on Tuesday.Both sectors saw momentum ease. The manufacturing output index fell to a two-month low of 57.4, down from 58.0 in May, while the headline Manufacturing PMI ticked down to 54.5 from 55.0.Meanwhile, the services sector hit a 17-month low, with its business activity index dropping to 57.3 from 59.8."Growth of manufacturing output softened a tad as inventory-building lost steam after a few hectic months," HSBC Chief India Economist Pranjul Bhandari said."New export orders remained resilient and the order-to-inventory ratio ticked up, pointing at resilient manufacturing activity down the line. Input costs across the private sector rose, but at the slowest pace in five months."While market competition weighed on the pace of expansion, cost pressures provided some relief. Overall input costs and output charges rose at their slowest rates in months.In terms of trade, services exports accelerated, while manufacturing export growth sank to its weakest level since March 2023.Regional supply chains could see relief as the U.S. and Iran advance toward a potential deal to defuse Middle East tensions. However, any domestic economic recovery will likely be gradual, even as maritime traffic normalizes through the Strait of Hormuz, according to ING."Industries faced higher freight charges, longer delivery times, and rising feedstock costs during the peak of tensions," ING analysts Deepali Bhargava, Lynn Song, and Min Joo Kang wrote in a Monday note."Although input cost pressures have eased from their March-April highs, they remain above pre-conflict levels. With output prices adjusting more slowly due to weak pricing power and incomplete pass-through, corporate margins-especially in energy-intensive sectors-continue to face sustained pressure."

^BSENifty 50

Asia38d ago

Australian Shares Fall; Iluka Resources to Supply Magnet Rare Earth Oxides to Automotive Firm

Australian shares closed lower on Tuesday as Asian markets followed Monday's Wall Street sell-off.The S&P/ASX 200 Index fell 0.33%, or 29.10 points, to close at 8,787.On Monday, the Nasdaq Composite fell 1.3%, the S&P 500 lost 0.4%, while the Dow Jones managed to add 0.3%.The US waived sanctions on Iran for 60 days from Monday following the first talks under a nascent peace deal, Reuters reported Monday."These are far from dull markets. The former generals of the market appear to have lost momentum, and investors are rotating into other areas of the market that are more defensive, less AI-focused and offer more predictable cash flows," said Chris Weston, head of research at Pepperstone Group, as quoted by Reuters.In domestic news, Australian consumer confidence rose 2.1 points in the week of June 15 to 21 to 72.8 points, its highest level since early March, according to a note from ANZ.Also, rising interest rates and recent tax changes threaten a more pronounced correction for Australia's housing markets, where conditions have already been slowing amid a challenging and uncertain outlook, Westpac said in its Housing Pulse report.Further, more than four in 10 Australian small and medium businesses are using artificial intelligence tools, and a further 14% are planning to adopt them, with property services, finance and insurance, and business services sectors leading adoption, according to a report by National Australia Bank.Meanwhile, Australia's private sector activity edged closer to stabilization in June, but persistent declines in new orders and the weakest business confidence since the pandemic reflected lingering demand-side weakness despite easing inflationary pressures, according to a survey by S&P Global.In company news, Iluka Resources (ASX:ILU) struck a binding agreement to supply magnet rare earth oxides, including neodymium, praseodymium, dysprosium, and terbium, to an unnamed automotive company.WiseTech Global (ASX:WTC) denied awareness of any investigation linked to Executive Chair Richard White following media reports concerning a visa application, saying the matter relates to him personally and not the company.Lastly, Viva Energy Group (ASX:VEA) completed works to restart the residue catalytic cracking unit at the Geelong Refinery in Victoria.

ASX 200ASX:CVLASX:ILUASX:VEAASX:WTC

Asia38d ago

Tongwei to Inject 5.06 Billion Yuan Into Subsidiary; Shares Down 5%

Tongwei (SHA:600438) plans to inject 5.06 billion yuan worth of capital into its subsidiary, Tongwei Solar Technology, according to a Shanghai bourse filing on Tuesday.The capital injection will strengthen Tongwei Solar Tech's capital.The amount will be recorded in Tongwei Solar Tech's capital reserve.The Chinese photovoltaics manufacturer's shares dropped nearly 5% during the afternoon trade.

SHA:600438

Asia38d ago

Bintulu Port Signs Tripartite Pact as Port Transitions to Sarawak State Control

Bintulu Port (KLSE:BIPORT) signed a tripartite deal with the Federal Government of Malaysia and the Sarawak state government following the change in status of Bintulu Port from a federal to a state port.Under the deal, Bintulu Port will continue as the approved operator of the port and is expected to sign a separate operating agreement with the state authorities, according to a Tuesday Malaysian bourse filing.The company said the transition will not affect day-to-day operations, customer services or its financial position for the year ending Dec. 31.

KLSE:BIPORT

International38d ago

Market Chatter: UBS Raises Taiwan's Growth Forecast for 2026 to 9.9%

UBS has raised its forecast for Taiwan's 2026 gross domestic product growth to 9.9%, higher than its earlier estimate of 8% made in April, according to a Taipei Times report quoting a statement by William Deng, a UBS senior economist for Asia.Deng attributed the growth to being driven by stronger-than-expected demand for electronics used in AI infrastructure and sustained export momentum across the technology sector.UBS sees second-quarter GDP growing easily at a double-digit pace, despite the unprecedented energy shock due to the Middle East crisis, after growing at a 14.5% in the first quarter, Deng said.The Switzerland-based banking group also expects interest rates in Taiwan to remain steady through the year; however, it added that the central bank may roll out credit-control measures if needed to manage inflation risks.(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

Asia38d ago

Electronics Mart India Begins Commercial Operations of New Multi-Brand Store in Telangana

Electronics Mart India (NSE:EMIL, BOM:543626) started the commercial operations of a new multi-brand store, named BAJAJ ELECTRONICS, in Asifabad district of Telangana, India, on Monday, according to a same-day filing.

BOM:543626NSE:EMIL

US Markets38d ago

Singapore Inflation Holds Steady in May as Lower Service Costs Offset Gains

Singapore's core inflation, the central bank's preferred gauge of consumer prices, held steady in May, defying market expectations for an uptick as a slowdown in service costs helped temper broader price pressures.Core inflation, which excludes accommodation and private transport costs to better reflect everyday household expenses, remained unchanged from April at 1.4%, the Monetary Authority of Singapore (MAS) reported on Tuesday.The reading landed below the 1.6% median estimate in a Bloomberg News survey.Headline inflation, measured by the all-items consumer price index, also matched April's pace at 1.8% year over year, coming in under the 2% consensus forecast compiled by Investing.com and Bloomberg.Services inflation slowed to 1.3% in May from 1.5% in April, driven primarily by a sharp decline in telecommunication service fees.Retail and other goods inflation inched up to 1.6% in May from 1.5% in April with an acceleration in the prices of personal care appliances and information and communications equipment.Food prices surged 1.8% from a 1.6% increase in April, fueled by rising prices for non-cooked food and food services.Accommodation prices edged up to a 0.5% rise in May from 0.4% a month earlier as housing rents increased.Electricity and gas prices fell 3%, unchanged from April, in step with the decline in the World Bank's energy price index by 8.7% and the 10.7% fall in Brent crude prices.Private transport prices surged to an 8.6% increase from 8.1% in the previous month, driven by higher car and motorcycle prices, the central bank said.Despite some easing in May, global energy prices still stayed high, and have driven production and transport costs for Singapore's imports, the MAS said.Meanwhile, service labor costs are forecast to increase slowly in 2026 on an easing in nominal wage growth, MAS said.For 2026, core and all-price inflation are seen to average between 1.5% and 2.5%.

^STI

Asia38d ago

Jinan Shengquan Seeks to Raise 2.5 Billion Yuan via Convertible Bond Offering

Jinan Shengquan (SHA:605589) will undertake a convertible bond offering of 2.5 billion yuan.The offering will be issued June 25, with the lottery draw date to follow on June 26, according to a Tuesday filing with the Shanghai bourse.Sinolink Securities and CITIC Securities serve as joint lead underwriters.Shares of the resin manufacturer slid 10% in recent trade.

SHA:605589

Asia38d ago

Satellite Chemical Expect Up to 155% Surge in H1 Profit; Shares Rise 10%

Satellite Chemical (SHE:002648) forecasts its attributable profit to soar 119% to 155% to between 6 billion yuan and 7 billion yuan in the first half from 2.74 billion yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share are seen to rise to between 1.78 yuan and 2.08 yuan from 0.81 yuan a year earlier.The chemical company attributes the foreseen increase to the use of its integrated industrial chain advantages, cost optimization, and stable operation of facilities, among others.Shares surged 10% during afternoon trading on Tuesday.

SHE:002648

Asia38d ago

Topmix Unit Launches Digital Rnovation Platform

Topmix (KLSE:TOPMIX) unit Luma International launched a digital renovation platform, myRuma.The platform combines financing, quality checks, risk coverage, and a network of vetted contractors to make renovation services more structured and easier to manage for homeowners, according to a Tuesday Malaysian bourse filing.It also includes strategic partnerships with RHB Bank (KLSE:RHBBANK) and RHB Islamic Bank.Separately, collaboration with S P Setia's (KLSE:SPSETIA) Setia EcoHill 2 township will provide homeowners access to curated design-and-build professionals.Topmix said the platform, which also introduces Malaysia's first renovation quality manual, the Reno Playbook, will initially roll out in Klang Valley before expanding nationwide.

KLSE:RHBBANKKLSE:SPSETIAKLSE:TOPMIX

Asia38d ago

Yamatane Board Approves Treasury Share Disposal Under Restricted Stock Compensation Plan

Yamatane (TYO:9305) board approved the disposal of 183,119 treasury shares totaling 26.7 million yen under its restricted stock remuneration plan.The shares were allocated to three directors, excluding outside directors, six executive officers and 11 directors of subsidiaries, according to a Tuesday filing on the Tokyo Stock Exchange.The disposal is scheduled for July 10.

TYO:9305

Asia38d ago

Shree Refrigerations Supplies Marine Air-Conditioning Systems for Indian Navy Warships

Shree Refrigerations (BOM:544458) has supplied marine air-conditioning systems for INS Dunagiri and INS Agray, two warships commissioned into the Indian Navy.The systems have undergone type testing and were commissioned for operational onboard use on the vessels, according to a company statement on Monday.

BOM:544458

Asia38d ago

Beijing Huafeng Test & Control Technology Launches 749.5-Million-Yuan Bond Offering

Beijing Huafeng Test & Control Technology (SHA:688200) on Tuesday launched a convertible bond offering of 749.5 million yuan.China International Capital serves as lead underwriter, according to a Tuesday filing with the Shanghai bourse.Shares of the semiconductor manufacturer rose 1% in recent trade.

SHA:688200

International38d ago

Taiwan's Video Game Revenue Jumps 50% Over Five-year Period

Taiwan's game software industry saw its revenue rise by nearly 50% from NT$47.7 billion in 2020 to NT$71 billion in 2025, the Ministry of Finance said Tuesday.The boom was driven by the stay-at-home economy and digital leisure, which led to a rise in online and mobile games.The video games industry saw its revenue rise even as the number of companies operating in the space remained stable between 1,114 and 1,149, the ministry said.

Taiwan Weighted

Asia38d ago

Yamazen Board Approves Absorption-Type Merger of Unit AtoG1

Yamazen (TYO:8051) said its board approved an absorption-type merger of its subsidiary, AtoG1, to streamline group operations, according to a Tuesday filing with the Tokyo Stock Exchange.The Japan-based machine tools company said that under the absorption-type merger, AtoG1 will be dissolved into the company, and no shares or other consideration will be issued as part of the transaction.The merger agreement will be executed the same day, and the merger is scheduled for Aug. 1.

TYO:8051

Asia38d ago

Runhua Living Service to Acquire Jinan Commercial Property for 40 Million Yuan

Runhua Living Service (HKG:2455) agreed to acquire a commercial property in Jinan for 40 million yuan from a company controlled by non-executive director and controlling shareholder Luan Hangqian, according to a Tuesday Hong Kong bourse filing.The target property comprises a commercial villa unit with a gross floor area of about 2,709 square meters in Huaiyin District, Jinan.Runhua said the acquisition will support the expansion of its property leasing business and help it capture opportunities in Shandong Province, its core market.Shares of the firm were down nearly 3% in Tuesday's midday trade.

HKG:2455

Showing 20421-20440 of 65260

Asia38d ago

Australian Shares Fall; Iluka Resources to Supply Magnet Rare Earth Oxides to Automotive Firm

ASX 200ASX:CVLASX:ILUASX:VEAASX:WTC