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Fortescue Charters Up to 12 Ammonia-Capable Vessels From CMB.TECH's Bocimar

Fortescue (ASX:FMG) and CMB.TECH signed an agreement for the charter of up to 12 ammonia-capable vessels, marking a step towards decarbonizing global shipping and advancing the adoption of ammonia as a shipping fuel, according to a Monday statement by Fortescue.The company said it will charter a fleet of 12 Newcastlemax dry bulk vessels at 210,000 deadweight tonnes from Bocimar, CMB.TECH's dry bulk shipping operator, with up to three vessels to be delivered with dual-fuel ammonia engines expected to enter service by the end of the year.The remaining nine vessels will be ammonia-ready and can be converted to run on ammonia in the future, with the combined fleet able to reduce carbon dioxide emissions by about 250,000 tonnes per year if fueled by green ammonia, compared with conventional marine fuels, it added.The company's shares fell 1% in recent Monday trade.

ASX:FMG

Asia39d ago

Sinolink Securities Redeems 1 Billion Yuan Worth of Bonds

Sinolink Securities (SHA:600109) redeemed 1.01 billion yuan worth of bonds, according to a Monday filing with the Shanghai bourse.The debt securities had a coupon rate of 1.7% and a term of 217 days.Shares rose 2% during morning trading on Monday.

SHA:600109

Asia39d ago

PowerX Lands 1.7 Billion Yen Battery Order for Vietnam, Marking First Overseas Export

PowerX (TYO:485A) has secured its first international order, a 1.7 billion yen large-scale battery storage system for Vietnam, placed by Toyota Tsusho Group (TYO:8015) member Elematec (TYO:2715).The PowerX Mega Power 2700 units will contribute to regional grid stability and energy security, with revenue expected in the latter half of the year, according to a Tokyo bourse filing on Friday.While the order was not included in the previously disclosed 2.2 billion yen pipeline, the company maintains its existing earnings forecast for now.

TYO:2715TYO:485ATYO:8015

Asia39d ago

Charter Hall Group Sets Higher Dividend Distribution for Fiscal 2026

Charter Hall Group (ASX:CHC) declared a dividend of AU$0.2584 per security for the half year through June, payable Aug. 31 to shareholders of record as of June 30, according to a Monday filing with the Australian bourse.The company said its total distribution for the year ending June 30 will be AU$0.5067 per security, representing a 6% increase on the prior year's distribution of AU$0.4780.Charter Hall shares fell nearly 2% in recent Monday trade.

ASX:CHC

Equities39d ago

Yanbu Cement Flags Higher Production Cost from Saudi Aramco's Fuel Products Price Adjustment

Yanbu Cement (SASE:3060) expects a 4% rise in production cost due to Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco's, adjustment of fuel products prices.The cement maker said that the financial impact was reflected in its first-quarter financial statements, according to a Sunday release. Yanbu Cement added that the impact was mitigated due to its participation in the industrial sector competitiveness program.

SASE:2222SASE:3060

Asia39d ago

FJ Benjamin Plans Private Placement; Shares Jump 13%

FJ Benjamin (SGX:F10) expects to raise around SG$302,400 via the placement of 42 million shares at SG$0.0072 each to two investors, according to a Monday filing with the Singapore Exchange.Proceeds will be directed towards working capital.Shares of the luxury products retailer surged nearly 13% in Monday trading.

SGX:F10

Asia39d ago

Reclaims Global Bags SG$10 Million Worth of Contracts

Reclaims Global (SGX:NEX) won SG$9.6 million worth of contracts to supply labor and machinery for earthworks, according to a Monday filing with the Singapore Exchange.The contracts, secured through subsidiary Reclaims Enterprise, are linked to a project at Hillview and another one along the Telok Blangah Road.The projects are expected to be completed by January 2028.

SGX:NEX

Asia39d ago

IDP Education Faces Ongoing Student Placement Headwinds But Earnings Remain Resilient, Jefferies Says

IDP Education (ASX:IEL) is expected to deliver relatively stable earnings despite continued pressure on student placement revenue, supported by cost discipline, resilient International English Language Testing System (IELTS) operations, and a planned fiscal year 2027 share buyback, Jefferies said in a June 19 note.Jefferies said earnings remain more resilient than revenue, with stronger cost discipline supporting fiscal year 2026 adjusted earnings before interest and taxes margins and expected net cost reductions rising to about AU$30 million from AU$25 million, helping offset ongoing top-line pressure.The firm expects medium-term earnings support from the AU$50 million fiscal year 2027 buyback and digitalization-driven cost savings, with fiscal year 2025 digital investments further aiding cost reductions over time.The firm believes student placement weakness will persist in the near term, while revenue may recover modestly on resilient yields and IELTS expansion in China, with limited visibility beyond fiscal year 2026.The firm cut fiscal year 2026 to fiscal year 2028 revenue forecasts by 2% to 13% due to weaker sentiment in student placement markets. Fiscal year 2026 earnings were raised 48%, while fiscal year 2027 to fiscal year 2028 estimates were reduced 17% to 29% amid limited growth visibility.Jefferies maintained a buy rating on IDP Education while lowering the price target to AU$3.30 from AU$7.80.

ASX:IEL

Asia39d ago

Dazhong Mining Sells Iron Ore Concentrator for RMB 90 Million

Inner Mongolia Dazhong Mining (SHE:001203) agreed to sell its Dongwufenzi iron ore concentrator and related surface assets to related party Taixiangxiang Mining for 90.2 million yuan.The decision follows declines in processing volume and capacity utilization as well as higher raw ore processing cost, according to a Monday filing with the Shenzhen bourse.The company also determined it is cheaper to transport ore 16 kilometers to its upgraded Shujigou facility for centralized processing.Shares of the miner were down 2% in recent trade.

SHE:001203

International39d ago

New Zealand Credit Card Spending, Balances Rise in May

Credit card spending in New Zealand increased by 1.8% month on month to NZ$4.38 billion in May after a 0.2% decrease in the previous month, while credit card balances rose 0.7% to NZ$5.99 billion in May, data from the Reserve Bank of New Zealand showed Monday.Domestic billings on New Zealand-issued cards rose by 1.9% to NZ$3.87 billion in May, following a 1.1% decrease in the previous month. Billings on overseas-issued cards fell to NZ$514 million from NZ$598 million.Compared with the year-earlier period, credit card spending rose 5.1% in May after a 1.9% increase a year ago.

^NZ50

Asia39d ago

Market Chatter: Great Eastern Targeting High Net Worth Clients

Great Eastern (SGX:G07) has launched Great Eastern Private, a segment which aims to tap high net worth individuals, according to group chief executive officer, Greg Hingston, as reported by The Business Times on Monday.The segment will be backed by Oversea-Chinese Banking Corp. or OCBC and Great Eastern's private banking unit, Bank of Singapore, the report added.The insurer will utilize an on-site medical suite at the Hewton fair Suite to allow wealthy clients to be underwritten in a single day, the report said.Backed by the strategy, the insurer booked a profit of SG$1.2 billion in 2025, with total weighted new sales dropping 15%, the report noted.(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.)

SGX:G07

International39d ago

Taiwan's Housing Transactions Drop to Nine-Year Low in 2025

Residential and commercial property transactions in Taiwan hit a nine-year low in 2025, slipping over 25% year on year, driven by some credit controls launched by the central bank, according to data released by the Ministry of the Interior (MOI) on Saturday.The transactions of homes, offices, and shops in 2025 fell to 261,308 units, from a peak of 351,000 in 2024, the data showed.The number of first-time property registrations hit a new high of 176,690 units in 10 years on the back of an increase in construction permits issued and home construction starts, the statement said.

Taiwan Weighted

Asia39d ago

Jinshang Bank to Invest 730 Million Yuan in Jinshang Consumer Finance

Jinshang Bank (HKG:2558) agreed to invest 730 million yuan in Jinshang Consumer Finance to bump its stake from 40% to 70%, according to a Monday filing with the Hong Kong bourse.The capital injection will result in Jinshang Consumer Finance becoming a subsidiary of the bank, with its financial results consolidated in the group's overall statements.Jinshang Consumer Finance, which is also known as Jinshang Xiaojin, holds a nationwide consumer finance license.Jinshang Bank said the acquisition will help expand its business scope and customer base.

HKG:2558

Asia39d ago

Unico Silver Continues to Receive 'Strong' Gold-Silver Results at Argentina Project

Unico Silver (ASX:USL) continued to receive "strong" gold-silver intercepts during its ongoing drill program at its Joaquin project in Argentina, extending mineralization beyond the current mineral resource, according to a Monday filing with the Australian bourse.Results from 46 drill holes totaling 6,631 meters completed to date include 52 meters at 378 grams per tonne silver equivalent at the La Morocha Southeast discovery, the filing said.Infill drilling at Breccia Puntudo confirmed high-grade gold mineralization, which supports the conversion of inferred mineral resources to indicated mineral resources.Also, extensional drilling at La Negra Southeast continued to return wide zones of oxide gold-silver mineralization along strike and below the known mineral resource, per the filing.Shares rose 1% in afternoon trade on Monday.

ASX:USL

Asia39d ago

IRay Technology to Undertake Mandatory Bond Redemption

IRay Technology (SHA:688301) on July 6 will undertake the mandatory redemption of convertible bonds after the stock triggered early redemption conditions.The last trading day is June 30, with a final conversion date of July 3, according to a Monday filing with the Shenzhen bourse.The company urged bondholders to convert at 81.43 yuan per share or sell within the prescribed period to avoid potential investment losses.Shares of the X-ray system components manufacturer were down 4% in recent trade.

SHA:688301

Asia39d ago

Market Chatter: Singapore Dollar Poised to Strengthen Against US Dollar in H2

The Singapore dollar is expected to strengthen against the U.S. dollar during the second half of the year, Bloomberg News reported on Monday.According to strategists' estimates, the currency is expected to end the year at 1.26 against the US dollar, representing a gain of around 2.4%, the report said.Meanwhile, the Australia & New Zealand Banking Group is expecting the Monetary Authority of Singapore to further tighten, which could strengthen the dollar to 1.2550 by the end of the year, the report noted.(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.)

^STI

Asia39d ago

Market Chatter: MGX Looks to Acquire Singapore-Based Data Center Operator DayOne

Abu Dhabi-backed AI investor MGX is considering acquiring Singapore-based data center operator DayOne as it works with an investment bank to prepare for the deal, Reuters said in an exclusive report on Friday, citing three sources familiar with the matter.DayOne, affiliated with Chinese cloud services provider GDS Holdings (HKG:9698), has been preparing for a U.S. initial public offering targeting a $20 billion valuation. However, MGX may be unwilling to match that price, the report said, citing the sources.The sources added that a deal is not guaranteed and DayOne could still go ahead with its IPO plans. Reuters had reported in May that the company was also planning a Singapore IPO, but the plans were uncertain. DayOne is being backed financially by Coatue Management, SoftBank Vision Fund, and Citadel Securities founder Ken Griffin, Reuters said.MGX did not immediately reply 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.)

^STIHKG:9698

Wire39d ago

Update: EQT Holdings Plans to Stop Offering Independent Superannuation Trusteeship, Shift Focus to Core Corporate Trustee Services; Shares Fall 13%

(Updates with the stock movement in the headline and last paragraph.)EQT Holdings (ASX:EQT) plans to stop offering independent superannuation trusteeship as part of a strategic decision to focus on its core corporate trustee services and trustee and wealth services businesses, according to a Monday filing with the Australian bourse.The decision follows a review that evaluated market dynamics, operating requirements, long-term growth opportunities, as well as shifting client needs as two of the company's major superannuation clients are considering a move to internalize trusteeship.If Equity Trustees Superannuation retires from its superannuation trustee appointments, EQT Holdings will be required to repay operational risk financial requirements loan facilities of AU$36 million, the company said.It added that the move is expected to result in a one-off non-cash impairment charge estimated at about AU$13 million in fiscal 2026 results, while total legal and advisory costs related to the review are expected to be about AU$6.3 million for the fiscal year.Additionally, the company also expects to incur about AU$2.2 million of net legal and advisory costs in the second half of the fiscal year for legal proceedings related to the Shield and First Guardian Master Funds.EQT Holdings said its Superannuation Trustee Services business accounted for 5% of the group's net profit before tax in the first half of fiscal 2026.The company's shares fell 13% in recent Monday trade.

ASX:EQT

Wire39d ago

NobleOak Life Reports 9% Embedded Value Growth; Achieves Fiscal 2026 In-Force Premium Guidance; Shares Up 3%

NobleOak Life (ASX:NOL) said it increased its embedded value by 9% year over year to AU$2.34 per share, or AU$217.7 million, as of the end of 2025, according to a Monday filing with the Australian bourse.Excluding a previously disclosed one-off Victorian stamp duty provision, annual embedded value growth would have been about 13%, reflecting profitable growth of in-force premiums and continued market share gains, the company said.It also reported AU$538 million of in-force premiums as of May 31, up 16% from a year earlier, marking the achievement of its fiscal 2026 guidance for growth of more than 15%, per the filing.The company's shares gained nearly 3% in recent Monday trade.

ASX:NOL

Asia39d ago

ASX Midday Sector Update: Consumer Discretionary Stocks Advance, Information Technology Sector Struggles

Consumer discretionary stocks advanced nearly 1% at midday Monday.Wesfarmers (ASX:WES) shares fell marginally in recent trade.On the flip side, the information technology sector struggled, shedding 2%.WiseTech Global (ASX:WTC) shares fell past 13% in recent trade.

ASX 200ASX:WESASX:WTC

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