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Market Chatter: DeepSeek Raises 50 Billion Yuan in Funding Round

DeepSeek raised more than 50 billion yuan in its first funding round, Reuters reported Tuesday, citing The Information.The funding round required investors to pour capital into a limited partnership managed by CEO Liang Wenfeng ⁠rather than into DeepSeek itself, helping preserve founder control, the report said.Investors would be subject to a five-year lock-up period and will not have voting rights, while China's National Artificial Intelligence Industry Investment Fund will be the exception with voting rights and exemption from the lock-up, Reuters said.Liang invested 20 billion yuan of his own money into the funding round, while Tencent (HKG:0700) was considering 10 billion yuan and CATL (SHE:300750, HKG:3750) was contemplating about 5 billion yuan, according to a previous Reuters report.(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.)

Japan42d ago

CBOE Volatility Index Steady Pre-Bell as Crude Oil Futures Extend Declines, Treasury Yields Higher With Iran High on G-7 Agenda

Japan42d ago

US Equity Index Futures Mixed Pre-Bell After Dow Touches Record as Investors Await Terms of Iran Peace Deal

Tamron Raises Dividend Forecasts for Fiscal Year 2026; Sets Longer Term Financial Targets

Photographic lenses maker Tamron (TYO:7740) raised its dividend forecast for fiscal year 2026 to 51 yen per share, up from the previous 37 yen, as part of a broader revision to its shareholder return policy.The new shareholder return policy introduces a dividend determination baseline of either a 60% payout ratio or an 8% dividend on equity (DOE), whichever is higher, effective from 2027, according to a Tokyo bourse filing on Tuesday.In a separate disclosure, the company also set targets of 120 billion yen in net sales, 25 billion yen in operating income, and a sustainable return on equity (ROE) of 20% or more by 2029.The company also plans to execute approximately 18 billion yen in additional returns by the end of 2029, targeting a shareholders' equity ratio of around 75%.

TYO:7740

Precious Shipping Secures Up to $8 Million Credit Facility

Precious Shipping (BKK:PSL) and its Singapore unit Precious Horizon secured a new credit facility of up to $8.3 million from Export-Import Bank of Thailand.The loan will be used to partially reimburse equity funding deployed for the acquisition of the medium-range tanker M/T Tharinee Naree, according to a Tuesday Thailand Exchange filing.The facility carries an interest rate linked to SOFR plus margin and will be repaid over 16 quarterly instalments with a final balloon payment at maturity.The financing is secured by the vessel and related income streams, it said.

BKK:PSL

HCL Technologies Invests in Sarvam Series B Funding Round

HCL Technologies (NSE:HCLTECH, BOM:532281) served as lead strategic investor in the $300 million series B funding round of Sarvam, the Indian sovereign AI company said Monday.The India-listed IT services and technology company invested $150 million in the first close worth $234 million, which attached a $1.5 billion post-money valuation to Sarvam.Bessemer Venture Partners co-led the round, which also saw participation from existing investors Khosla Ventures and Peak XV Partners.Proceeds were earmarked for the continued research funding of Sarvam's next frontier AI model for cybersecurity use-cases, among others.

BOM:532281NSE:HCLTECH

CSPC Innovation Pharmaceutical Subsidiary Gets Regulatory Nod for Cancer Drug Trial

CSPC Innovation Pharmaceutical (SHE:300765) unit CSPC Jushi Biopharmaceutical obtained the approval of China's medical products administrator to conduct clinical trials for SYS6041 in combination therapy for ovarian cancer.The potential indications for SYS6041 include solid tumors such as gynecological tumors and lung cancer, according to a Tuesday filing with the Shenzhen bourse.Shares of the pharmaceutical company closed 4% lower Tuesday.

SHE:300765

Needham Downgrades Payoneer Global to Hold From Buy on Heels of Announced Sale to Nuvei

Payoneer Global (PAYO) has an average rating of hold and mean price target of $7.72, 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)

William Blair Downgrades Payoneer Global to Market Perform From Outperform on Heels of Announced Sale to Nuvei

Payoneer Global (PAYO) has an average rating of hold and mean price target of $7.72, 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)

Northland Downgrades Payoneer Global to Market Perform From Outperform on Heels of Announced Sale, Adjusts PT to $7.40 From $10

Payoneer Global (PAYO) has an average rating of hold and mean price target of $7.72, 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)

Citigroup Downgrades Payoneer Global to Neutral From Buy on Heels of Announced Sale, Adjusts PT to $7.40 From $10

Payoneer Global (PAYO) has an average rating of hold and mean price target of $7.72, 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)

DA Davidson Initiates WESCO International at Buy With $440 Price Target

WESCO International (WCC) has an average rating of overweight and mean price target of $395.10, 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)

$WCC

DA Davidson Initiates ESAB at Buy With $130 Price Target

ESAB (ESAB) has an average rating of buy and mean price target of $137.44, 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)

$ESAB

^STISGX:42CSGX:J36SGX:QS9

Singapore Shares Remain Upbeat on US-Iran Peace Deal; Global Invacom Crashes 17%

Singapore shares remained upbeat on Tuesday, tracking broader regional gains as investors' sentiment was uplifted by the US and Iran's deal to reopen the Strait of Hormuz.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,075.34 and 5,122.09 throughout the day. It ended the session at 5,116.86, up 39.57 points or 0.8% compared to Monday's close.On the corporate front, shares of Global Invacom (SGX:QS9) plunged nearly 17% with the company targeting to raise up to SG$4.9 million for satellite technology expansion via a renounceable partially-underwritten rights issue of up to 140 million shares at SG$0.035 per share.IX Biopharma (SGX:42C) closed over 8% lower as it unveiled plans to relocate its manufacturing equipment from its facility in Australia to a 503B-licensed plant in Nevada, U.S.Meanwhile, shares of Jardine Matheson (SGX:J36) closed nearly 4% lower as it unveiled a new $500 million share buyback program, slated for conclusion by the end of 2027.

Keefe Bruyette & Woods Downgrades Payoneer Global to Market Perform From Outperform on Heels of Announced Sale, Adjusts PT to $7.40 From $7

Payoneer Global (PAYO) has an average rating of hold and mean price target of $7.72, 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)

DA Davidson Initiates Lincoln Electric at Buy With $320 Price Target

Lincoln Electric Holdings (LECO) has an average rating of hold and mean price target of $304.22, 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)

$LECO

DA Davidson Initiates MSC Industrial Direct at Buy With $145 Price Target

MSC Industrial Direct (MSM) has an average rating of hold and mean price target of $111.40, 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)

$MSM

JPMorgan Downgrades Sasol to Neutral From Overweight

Sasol (SSL) has an average rating of overweight and mean price target of $14.65, 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)

$SSL