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Hopson Development Logs 737 Million Yuan in May Contracted Sales

Hopson Development Holdings (HKG:0754) recorded contracted sales of around 737 million yuan in May, according to a Tuesday filing with the Hong Kong bourse.Of the total, property and decoration contracted sales stood at 627 million yuan and 110 million yuan, respectively.For the five months ended May 31, contracted sales reached roughly 2.79 billion yuan, comprising 2.37 billion yuan and 422 million yuan property and decoration contracted sales, respectively.Gross floor area for the five months was approximately 144,012 square meters, with an average selling price of 16,440 yuan per square meter.

HKG:0754

Asia42d ago

City Developments Unit Bags SG$542 Million Residential Project in Singapore

A joint venture involving a City Developments (SGX:C09) subsidiary on Tuesday officially secured a residential development project in Singapore, according to a same-day filing.City Developments' CDL Constellation and Garden Estates will acquire and develop the Peck Hay Road site at a tender price of SG$542.4 million under an 80/20 partnership deal.Singapore's Urban Redevelopment Authority awarded the project following a joint tender submitted June 11.

SGX:C09

Asia42d ago

Career Design Center Raises Year-End Dividend

Career Design Center's (TYO:2410) raised its final dividend forecast for fiscal year 2026 to 160 yen per share from the 130 yen initially expected, according to a Tokyo bourse filing.The human resources firm said the revised payout consists of an ordinary dividend of 140 yen, plus a special dividend of 20 yen, according to a Tokyo bourse filing on Tuesday.This follows a stronger-than-expected first-half performance and record-high net sales and profits across all levels in the cumulative third quarter.

TYO:2410

Treasury42d ago

Rentals Taking A Bigger Slice of Canada's Housing Supply Market, Says BMO

Canadian housing starts continue to hold up well, coming in at 261,000 annualized units in May, said Bank of Montreal (BMO).That leaves the year-to-date average at 253,000 and is in line with 261,000 over the latest 12 months, noted the bank.There's still plenty of churn below the surface, however, as markets adjust to prevailing conditions, pointed out BMO. Most notably, the combined condo and homeownership starts have plunged below 100,000 on a 12-month basis for the first time --excluding the Great Recession -- since 1999.The gap has been filled by the sharp increase in purpose-built rental starts, to 116,000 over the past years, stated the bank.Notably, the number of rentals under construction across Canadian census metropolitan areas of almost 200,000 now exceeds combined ownership/condo units under construction for the first time.This gap will only widen in the years ahead as new condo starts have evaporated across some major cities, such as Toronto.BMO continues to believe in two major takeaways: Rents, especially in smaller units, will be under pressure for some time yet. And, the quality single-family resale market will tighten up first, if for no other reason than increasing relative scarcity.

$CXY

Equities42d ago

Moscow Oil Refinery Hit by Ukrainian Drones

An oil refinery in the Russian capital was struck by Ukrainian drones, causing fire and damage to a primary processing unit, according to Moscow Mayor Sergei Sobyanin's Tuesday statement on Telegram.The Ministry of Emergency Situations of Russia said the same day the fire at the Moscow Oil Refinery was completely extinguished, and the incident did not affect the plant's functioning.

^SXXP

Insider Trading42d ago

Sea Insider Sold Shares Worth $1,710,219, According to a Recent SEC Filing

Gang Ye, Director, Chief Operating Officer, on June 12, 2026, sold 20,000 shares in Sea (SE) for $1,710,219. Following the Form 4 filing with the SEC, Ye has control over a total of 22,296,405 Class --A ordinary shares of the company, with 22,206,405 shares held directly and 90,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1703399/000119312526271745/xslF345X05/ownership.xml

$SE

Research42d ago

Keyera Upgraded To Outperform From Sector Perform, Target To C$61 From $56 at National Bank On Recent Business Update

$KEY.TO

Asia42d ago

Fraser and Neave Buys Back Shares

Fraser and Neave (SGX:F99) bought back 50,000 shares in the open market on Tuesday for SG$72,095, according to a same-day filing with the Singapore Exchange.The food and beverage company can buy back up to 102 million shares. To date, it has bought back nearly 1.4 million shares.

SGX:F99

Commodities42d ago

Gazprom Moscow Oil Refinery Hit in Ukrainian Drone Attack, Fire Extinguished, Officials Say

A major Moscow oil refinery owned by Gazprom Neft was hit by a Ukrainian drone, causing a blaze which has since been extinguished, according to the capital city's mayor, Sergei Sobyanin and a statement from the city emergency services, on Tuesday.Sobyanin said that no one was injured in the attack on the refinery, which, according to Gazprom Neft, supplies more than one-third of the gasoline and diesel consumed in the Moscow region.No further details were provided regarding damage to the facility or limitations on production as a result of the drone strike.Ukraine has been intensifying attacks on Russian territory in what is now the fifth year of Russia's full-scale war on its neighbor, as its drone capabilities improve, putting energy assets within reach.Ukraine says it is targeting Russia's energy infrastructure to deprive it of resources, some of which are used to fund the conflict.Russian news agency Interfax reported separately that oil company Tatneft has introduced temporary limits on sales of gasoline and diesel. The company said it would only accept payment for fuel in cash, the article said.The sale limit is 30 liters for gasoline passenger cars, 60 liters for diesel passenger cars and 300 liters for trucks.

Equities42d ago

European Commission Greenlights Stonepeak's Purchase of BP Unit Castrol

The European Commission cleared the acquisition of sole control over Castrol Group Holdings, a unit of oil major BP (BP.L), by investment funds linked with US-based alternative investment company Stonepeak Partners.The transaction mainly concerns the production and sale of lubricants, greases, coolants and related fluids, and would not raise competition issues after its completion due to the companies' limited market shares, the commission said Tuesday.

$BP.L

Equities42d ago

Shell Recharge, SINEXCEL Launch EV Charging Innovation Lab in China

Shell's (SHEL) electric vehicle charging service Shell Recharge and SINEXCEL have launched a joint laboratory in Shenzhen, China, to develop EV charging technologies and energy solutions, the Chinese energy technology company said Tuesday.The companies also signed a memorandum of understanding covering collaboration in research and development, technical exchange and pilot projects, SINEXCEL said.The joint laboratory will focus on ultra-fast charging, smarter energy management, solar-storage charging systems, megawatt charging infrastructure and artificial intelligence-driven monitoring and maintenance technologies, SINEXCEL said.Financial terms were not disclosed.

$SHEL

Asia42d ago

GKE's Unit to Acquire Land in UAE

GKE's (SGX:595) subsidiary, G K E Logistics Services, signed a non-binding letter of intent with Jebel Ali Free Zone to lease a plot of land to construct and operate a general goods warehouse and a chemical storage warehouse in the UAE1, according to a Tuesday filing with the Singapore Exchange.The property spans an area of around 61,881 square meters, with the logistics company signing a 25-year lease, with an option to extend for another 25.

SGX:595

Asia42d ago

Bharti Airtel Incorporates Finance Unit in GIFT City

Bharti Airtel (NSE:BHARTIARTL, BOM:532454) has incorporated a wholly-owned subsidiary, Airtel Global IFSC, in Gujarat International Finance Tec-City (GIFT City), Gujarat, according to a Tuesday filing.The telecom operator subscribed to the initial share capital of the new entity for 20 million rupees in cash.Airtel Global IFSC has been incorporated as a finance company to undertake Global Corporate Treasury Centre activities and other permitted operations, the filing said.

BOM:532454NSE:BHARTIARTL

Asia42d ago

MCC Signs 304.7 Billion Yuan Contracts from January to May

Metallurgical Corp. of China (SHA:601618, HKG:1618), or MCC, signed new contracts worth nearly 304.7 billion yuan in the five months ended May 31, according to a Tuesday Hong Kong bourse filing.Of the total, the value of newly signed overseas contracts stood at 18.6 billion yuan.In May alone, the engineering construction company entered into three major agreements.

HKG:1618SHA:601618

Sectors42d ago

U.S. Crude Oil Stocks Likely Dropped 6.1 Million Barrels in Week Ended June 12, Macquarie Says

U.S. crude oil inventories are forecast to have fallen 6.1 million barrels in the week ended June 12, adding to a draw of 7.2 MM BBL in the prior week, Macquarie said in a Monday note.Macquarie also noted that persistently high crude exports and strategic petroleum reserve draws could inject volatility into weekly stats."With June/July as the expected window for potential gasoline demand destruction tomanifest, two consecutive soft prints here are notable," Macquarie said. "That said, firm signs of large US gasoline demand destruction have yet to emerge."Crude runs at refineries are forecast to have edged higher by 0.1 million barrels per day. Net imports are expected to have dropped, with exports up 0.3 MBD and imports down 0.2 MBD, Macquarie said.Implied domestic supply is projected to have bounced back from the previous week, rising 0.6 MBD. Strategic petroleum reserves are expected to have been reduced by 8.9 MM BBL.Gasoline stocks are forecast to have gained 0.7 MM BBL, while distillate stocks are projected to have fallen 0.4 MM BBL. Jet fuel stocks are forecast to have increased by 0.5 MM BBL. Macquarie modeled implied demand for these three products at about 14.4 MBD during the report week.

$CLX1$LCOX1$USO

Asia42d ago

Adani Enterprises, Jabil Plan AI Data Center Hardware Manufacturing Platform in India

Adani Enterprises (NSE:ADANIENT, BOM:512599) and Jabil Inc. plan to form a strategic alliance to build an artificial intelligence and data center infrastructure manufacturing platform in India.The proposed platform will focus on manufacturing AI racks, storage and networking systems, and related data center infrastructure for hyperscalers, co-location operators and enterprises, according to an Indian bourse filing on Tuesday. It will also cover production of power distribution units, coolant distribution units, transformers, switchgears, bus bars and thermal management systems.The companies are working on operational frameworks and final documentation for the initiative, which will support Adani Group's 2035 target to have 5 gigawatts of AI-ready, green-energy-powered data center capacity.

BOM:512599NSE:ADANIENT

Research42d ago

UOB Kay Hian Upgrades Maxis to Buy from Hold; Price Target is MYR4.20

Maxis (KLSE:MAXIS) has an average rating of hold and mean price target of 4 ringgit, 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://finwires.com/en/contact)

KLSE:MAXIS

Asia42d ago

Hunan Corun New Energy to Construct Energy Storage Power Station

Hunan Corun New Energy (SHA:600478) subsidiary Dingxing Kerui Digital New Energy Technology will invest 440 million yuan to construct a 100-megawatt hybrid independent energy storage power station, according to a Tuesday filing with the Shanghai bourse.The construction will last for eight months, according to the filing.

SHA:600478

Research42d ago

Daol Securities Upgrades Sappe to Buy from Hold; Price Target is THB33

Sappe (BKK:SAPPE) has an average rating of hold and mean price target of 30.83 baht, 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://finwires.com/en/contact)

BKK:SAPPE

Research42d ago

Phillip Securities Downgrades Tisco Financial Group to Sell from Neutral; Price Target is THB106

Tisco Financial Group (BKK:TISCO) has an average rating of hold and mean price target of 107.53 baht, 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://finwires.com/en/contact)

BKK:TISCO

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