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East Money Information Unit Raises 3.8 Billion Yuan Via Bond Issue

East Money Information (SHE:300059) subsidiary Eastmoney Securities raised 3.8 billion yuan via the issue of 361-day bonds with a fixed coupon rate of 1.5%.Redemption is scheduled for June 2027, according to a Tuesday filing with the Shenzhen bourse.Shares of the financial services provider were down 1% in recent trade.

SHE:300059

Asia45d ago

Magnetic Resources Says Scheme of Arrangement for Acquisition by Genesis Minerals Becomes Effective; Genesis Shares Fall 6%

Magnetic Resources (ASX:MAU) confirmed that the scheme of arrangement under which Genesis Minerals (ASX:GMD) will acquire 100% of the shares in Magnetic became effective on Wednesday, according to a same-day Australian bourse filing.Magnetic lodged a copy of the orders made by the Supreme Court of Western Australia approving the scheme with the Australian Securities and Investments Commission, per the filing. Magnetic shares are expected to be suspended from trading on ASX from close of trading on Wednesday.Magnetic's shares fell nearly 2% in recent trading on Wednesday, while those of Genesis plunged by roughly 6%.

ASX:GMDASX:MAU

Asia45d ago

Further Offtake News Flow Expected at Meteoric Resources' Brazil Rare Earths Project, Euroz Hartleys Says

Meteoric Resources' (ASX:MEI) Caldeira project in Brazil is expected to produce further offtakes and associated debt funding in the wake of recently disclosed European Union support for critical minerals projects in the region, Euroz Hartleys said in a Tuesday note.Meteoric executed an amendment agreement with its joint venture partner in the Togni Group, the original vendors of the project, acquiring the full assignment of the primary tenements required to start production at Caldeira.Meteoric submitted the installation license application for the Caldeira project in early March, with final approval from Minas Gerais state regulator FEAM expected within around six months of submission. The application represents the second stage of a three-part licensing process following the initial preliminary license award.The investment firm retained its speculative buy rating on Meteoric Resources along with a AU$0.23 per share price target.

ASX:MEI

International45d ago

Singapore, East African Community Eye Free Trade Agreement

Singapore President Tharman Shanmugaratnam expressed the city-state's intention to work on a free trade agreement with the East African Community during the former's state visit to Tanzania, according to a release by the Ministry of Foreign Affairs on Tuesday.The negotiation is the first of its kind for both parties.The EAC comprises eight member states, with the announcement coming on the back of the city-state's push to deepen its ties with African countries.

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Asia45d ago

Titan Minerals Restarts Drilling at Ecuador Gold Project

Titan Minerals (ASX:TTM) restarted resource drilling at its Dynasty gold project in Ecuador, with three diamond rigs in operation at the site, according to a Wednesday filing with the Australian bourse.Results from the first holes are expected in the coming four to six weeks, and surface trenching at the Cerro Verde prospect has confirmed resource strike extensions, per the filing.The latest results include 6.1 meters at 5.1 grams per tonne grade of gold and 3.9 grams per tonne grade of silver; 3.7 meters at 3.8 grams per tonne grade of gold and 6.1 grams per tonne grade of silver; and 3.5 meters at 3.9 grams per tonne grade of gold and 21.9 grams per tonne grade of silver, among other areas of mineralization.Scoping studies at Dynasty are advancing well, with an independent mine consulting group performing pit optimization and engineering studies, Titan Minerals said.The company's shares were up nearly 1% in recent Wednesday trade.

ASX:TTM

Asia45d ago

Swire Pacific Unit to Raise HK$4.70 Billion via Debt Offering

Swire Pacific (HKG:0019, HKG:0087) said its Swire Pacific Finance unit was looking to raise HK$4.70 billion via a bond offering, according to a Tuesday filing with the Hong Kong bourse.The bonds will convert into Cathay Pacific Airways (HKG:0293) shares based on an initial exchange price of HK$13.18 each. Assuming full conversion, the bonds would convert into 356.6 million Cathay Pacific shares representing 5.9% of the business.The bonds mature on June 16, 2027, and do not bear interest.Swire Pacific said it will use the proceeds for general working capital purposes.Cathay Pacific's shares slumped nearly 7% in recent trade, while Swire Pacific's class A and B shares fell more than 1%.

HKG:0019HKG:0087HKG:0293

Asia45d ago

Cue Energy Board Committee Urges Shareholders to Reject Horizon Oil's Unsolicited Takeover Bid

Cue Energy Resources' (ASX:CUE) independent board committee continued to unanimously recommend that Cue shareholders reject the unsolicited, off-market takeover offer from Horizon Oil (ASX:HZN), noting that Horizon declared the offer consideration "best and final," with no increase in the consideration proposed in the absence of a competing proposal, according to a Wednesday Australian bourse filing.As of Tuesday, Horizon secured acceptances in respect of 17.1 million Cue shares, or around 2.4% of the total Cue shares currently on issue, other than the shares held by Echelon Offshore, per the filing.If Horizon fails to obtain acceptances in respect of at least 80% of Cue shares, scrip-for-scrip capital gains tax rollover relief will not be available to Cue shareholders who accept the offer, the committee said.Horizon has not yet declared the offer unconditional. The offer is set to close on June 19, unless it is extended or withdrawn.Horizon's shares fell 2% in recent trading on Wednesday.

ASX:CUEASX:HZN

Asia45d ago

Market Chatter: Kuwait Petroleum Puts Up Oil for Sale for Asian Buyers

Kuwait's state-owned Kuwait Petroleum Corp. is seeking buyers for at least 4 billion barrels of the nation's main export grade crude in signs that flows from the critical Strait of Hormuz are opening up, Bloomberg News reported Tuesday, citing traders familiar with the matter.The oil is reportedly being offered to refiners in at least China and South Korea and is carried on two very large crude carriers that have already exited the waterway and can promptly dock in ports in Asia.The offer adds to evidence that a closure in the Hormuz is easing, though oil shipments from the region are yet to reach pre-war levels, the report said.(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.)

Shanghai Composite^SZSE

Asia45d ago

Carnaby Resources' Queensland Project Drilling Has Potential to Improve Project Economics Within Current Mine Plans, Euroz Hartleys Says

Carnaby Resources' (ASX:CNB) ongoing drilling at the Trek-1 FWZ within the Greater Duchess copper-gold project in Queensland has the potential to improve project economics within the current mine plans and extend mine lives, according to a Wednesday note by Euroz Hartleys.The firm is looking to complete its feasibility study at Greater Duchess by mid-year, ahead of a final investment decision and a targeted first ore production in the second half.Euroz Hartleys modelled around 143,000 tonnes of copper and around 55,000 ounces of gold production over the 12-year life of mine at average all-in sustaining costs of around $3.17 per pound of copper, net of gold credits, pre-production capital of AU$15 million, and total capital expenditure of around AU$246 million.The investment firm retained its speculative buy rating on Carnaby Resources along with its AU$0.96 per share price target.

ASX:CNB

Asia45d ago

Golden Horse Minerals Confirms High-Grade Mineralization at Western Australia Prospect; Shares Down 5%

Golden Horse Minerals (ASX:GHM) confirmed high-grade mineralization from regional reverse circulation drilling at the Hakes Find prospect in Western Australia, according to a Wednesday filing with the Australian bourse.Drilling also confirmed the continuation of mineralization over 500 meters of strike length, with results including 6 meters at 5.9 grams per tonne (g/t) grade of gold from 34 meters within a broader zone of 11 meters at 3.4 g/t grade of gold from 33 meters, the filing said.High-grade silver was discovered in some holes, and the analysis of gold intercepts showed a strong correlation with elevated levels of silver, arsenic, and lead.Meanwhile, the company started the inaugural reverse circulation drilling program at the Greenmount project, per the filing.Shares fell nearly 5% in midday trade Wednesday.

ASX:GHM

Asia45d ago

Wesfarmers Teams Up With AI Companies to Boost Earnings; Expands Bunnings Market; Shares Up 3%

Wesfarmers (ASX:WES) said it is partnering with artificial intelligence organizations to drive long-term sales and earnings growth, according to a Wednesday Australian bourse filing.The company said it will use AI for agentic and conversational commerce and AI assistants for team members and supply chain optimization, among other applications.Wesfarmers said it is also expanding the addressable market and product offer for its Bunnings business, which it said has been resilient through challenging economic, geopolitical and financial market conditions.The company's shares rose nearly 3% in recent Wednesday trade.

ASX:WES

Asia45d ago

Market Chatter: South Korea Plans to Crack Down on Speculative FX Trading Amid Weakening Currency

South Korea plans to crack down on speculative foreign-exchange trading, with regulators set to carry out on-site inspections and investigations into suspected market-disruptive activities, Bloomberg reported Wednesday, citing Moon Jisung, deputy finance minister for international affairs.The move comes as the country intensifies its efforts to defend its currency after the won slid to its weakest level since 2009 in the week ended June 6, the report said.The Korean won gained 1.2% to 1,509.50 per dollar on Tuesday, extending its 2% gain on Monday, after the government reaffirmed its commitment to support the currency and investigate speculative trading. Despite the revival, the won remains one of Asia's weakest-performing currencies in 2026, down 5.3%, outperforming only the Indonesian rupiah and Indian rupee, it said.(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.)

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Asia45d ago

Rox Resources Says Stripping Begins at Western Australia Gold Mine Pit

Rox Resources (ASX:RXL) said stripping began at the Youanmi decline in the main pit at the Youanmi gold mine in Western Australia, ahead of mining activities starting in October, according to a Wednesday Australian bourse filing.Meanwhile, bulk earthworks for mill construction are nearing completion, and underground diamond drilling is underway for resource conversion and to extend mine life.Engineering, procurement, and construction (EPC) provider Interquip started mobilizing on site following contract execution to build the processing plant, with bulk earthworks nearing completion and civil construction to begin this month.Its shares fell 2% in recent trading on Wednesday.

ASX:RXL

Asia45d ago

BYD Says 'No Justification' for US Military Label; Hong Kong Shares Fall 3%

BYD (SHE:002594, HKG:1211) said there is "no justification" for its inclusion in the U.S. Department of Defense's list of Chinese military companies.The carmaker is "neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base," according to a Tuesday filing with the Hong Kong bourse.BYD said its inclusion in the list won't affect its normal business operations.Shares of the company were down 3% in Hong Kong, while its Shenzhen-listed shares fell nearly 2%.

HKG:1211SHE:002594

Asia45d ago

Steadfast Group Requests Trading Halt Ahead of Potential Material Transaction Disclosure

Steadfast Group (ASX:SDF) requested an immediate trading halt on the Australian Securities Exchange ahead of a disclosure concerning a potential material transaction, according to a Wednesday filing with the bourse.The company asked for its securities to remain under a trading halt until the earlier of market open on Friday or the release of the announcement.

ASX:SDF

International45d ago

Three NZ Central North Island Regions Post All-Time High New Rental Listings in May

Three of New Zealand's Central North Island regions recorded all-time high new rental listings in May, according to a report by realestate.co.nz released on Wednesday.New listings in Gisborne doubled year on year, rising 102.2% to 91 in May from 45 in the same period last year, while Hawke's Bay recorded a 26.5% increase with 129 new listings.Manawatū-Whanganui's new listings were up 17% year on year to 399.Meanwhile, Otago recorded 48.9% year-on-year decline in new rental listings, falling to 156 from 305. The region's stock also declined by almost 46.7% in May 2025 to 192 total rental listings.Additionally, Southland's new listings declined by almost 23.7%, although its stock levels increased 6.7% compared to the same time last year.In Wellington, total rental stock fell nearly 24.8% year on year in May to 845 properties from 1,123, and new listings declined 12.1% over the same period to 567 from 645.

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Asia45d ago

NZX Midday Sector Update: Consumer Durables Sector Soars, Distribution Services Sector Struggles

Consumer durables shares gained the most on New Zealand's Exchange, rising past 9% on Wednesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 9% in recent trade.Meanwhile, shares of the distribution services sector fell past 5%.Shares of Vulcan Energy (NZE:VSL, ASX:VSL) were nearly 7% lower in recent trade.

^NZ50ASX:KMDASX:VSLNZE:KMDNZE:VSL

Asia45d ago

Mitsubishi HC Capital Partners with Brookfield to Buy European Renewable Energy Assets

Mitsubishi HC Capital (TYO:8593) and Canadian investment group Brookfield are establishing a joint venture to acquire and operate renewable energy assets across Europe.The initial portfolio includes roughly 570 megawatts of capacity across six countries, valued at about 400 million euros, with 10-year power purchase agreements locking in stable cash flows, according to a statement on Wednesday.The partnership, which will be officially launched in the second half of the year, will also pursue future acquisitions of additional renewable assets in Europe and Australia, focusing on onshore wind, utility-scale solar, and battery storage.Brookfield will manage day-to-day operations while both firms share control, and future deals require joint approval with pro-rata funding.

TYO:8058TYO:8306TYO:8593

Asia45d ago

Avenue Supermarts Raises INR3 Billion Through Allotment of Commercial Papers

Avenue Supermarts (NSE:DMART, BOM:540376) raised 3 billion Indian rupees through the allotment of commercial papers, according to a Tuesday filing to the Indian stock exchanges.The commercial papers carry a coupon rate of 7.18% and are scheduled to mature in 90 days on Sept. 7.The commercial papers have an ICRA A1+ credit rating and are proposed to be listed on the BSE.

BOM:540376NSE:DMART

Asia45d ago

Market Chatter: Thailand Accelerates EU Free-Trade Talks Amid US Tariff Uncertainty

Thailand is accelerating negotiations on a free-trade agreement with the European Union as it seeks to diversify trade ties amid uncertainty over U.S. tariffs, Bloomberg reported Tuesday, citing Thai Trade Representative Werapong Prapha."The reason why we're accelerating the EU FTA so much is because we want to diversify as quickly as possible," Werapong said in an interview.He reportedly added that Thailand aims to reduce its reliance on both Chinese and U.S. supply chains.Thailand is also negotiating tariff issues with the U.S. and hopes to secure treatment comparable to other Southeast Asian economies, according to the report.Prime Minister Anutin Charnvirakul's government is targeting an agreement with the EU by the end of the year. The bloc is Thailand's fourth-largest trading partner and a market of more than 450 million consumers, Bloomberg said.(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.)

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