Financial News · Live Terminal

Page 1158 of 3046

JSW Infrastructure Wins Kolkata Port Container Terminal Project; Shares Jump 6%

JSW Infrastructure (NSE:JSWINFRA, BOM:543994) received a letter of award from Syama Prasad Mookerjee Port Authority for the integrated development of the Outer Container Terminal and Berths 1 to 5 at Netaji Subhash Dock in Kolkata, India.The project will be developed under a public-private partnership model on a design-build-finance-operate-transfer basis. The concession period is 30 years, according to an Indian bourse filing on Tuesday, and is expected to be executed within 30 days.Shares of the company jumped over 6% in recent trade.

BOM:543994NSE:JSWINFRA

Asia45d ago

Rex International Deconsolidates Lime Petroleum

Rex International (SGX:5WH) on Tuesday confirmed the deconsolidation of Lime Petroleum Holding from the group.As announced on May 8, the move will be reflected in Rex's upcoming interim financial report as Lime was deconsolidated from its financials from April 10.The Singapore-listed oil exploration and production company also does not have any representation on the boards of Lime Petroleum and its subsidiaries.

SGX:5WH

Asia45d ago

Central China Securities Boosts Annual Caps Under Contract with Shareholder

Central China Securities (HKG:1375, SHA:601375) increased the annual caps under a framework agreement with substantial shareholder Henan Investment Group for the mutual provision of securities and financial services.The new caps for the years ending Dec. 31, 2026, and 2027 increased to 39.9 million yuan and 46.3 million yuan, respectively, from 25.1 million yuan and 25.6 million yuan previously, according to a Tuesday filing with the Hong Kong bourse.The move came as the previous annual limits were insufficient amid expanding cooperation between the parties.

HKG:1375SHA:601375

Research45d ago

Barclays Initiates WhiteFiber at Equalweight With $27 Price Target

WhiteFiber (WYFI) has an average rating of buy and mean price target of $35.70, 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)

$WYFI

US Markets45d ago

Eli Lilly Signs Alzheimer's Licensing Deal Worth Over $1 Billion With AlzeCure

Eli Lilly (LLY) shares were up early Tuesday as the drugmaker entered into a collaboration and licensing agreement worth over $1 billion with Swedish pharmaceutical company AlzeCure Pharma for global rights to its investigative candidate for Alzheimer's disease.Under the terms of the deal, Lilly will pay $10 million upfront to AlzeCure, which will also be eligible for mid-single-digit royalties on sales, the Swedish company said. Development and commercial milestone payments could push the total value of the transaction above $1 billion, excluding royalties.Lilly's stock increased 1.1% in the most recent premarket activity.AlzeCure is developing Alzstatin ACD680, a gamma-secretase modulator, to reduce the production of the harmful amyloid-beta protein, which forms the building blocks of the amyloid plaques found in the brains of Alzheimer's patients, the company said."The Alzstatin compounds are hoped to be used to counteract re-accumulation of harmful amyloid in the brain," AlzeCure Chief Executive Martin Jonsson said in a statement. "In the long term, these compounds may also serve as a preventive treatment to prevent the development of Alzheimer's disease."The deal requires approval from regulatory authorities in Sweden, according to AlzeCure."The agreement with Lilly is an important milestone for AlzeCure and Alzstatin," Jonsson said.Lilly didn't immediately respond to a request for comment by.Lilly recently announced that its experimental obesity drug retatrutide delivered significant weight loss in two clinical studies and showed "meaningful" improvements in knee osteoarthritis pain and sleep apnea. The company also announced that overweight or obese women taking the highest dose of its obesity pill Foundayo, or orforglipron, lost weight across all stages of menopause in late-stage trials.

$LLY

Research45d ago

Raymond James Initiates FrontView REIT at Strong Buy With $22 Price Target

FrontView REIT (FVR) has an average rating of overweight and mean price target of $19.41, 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)

$FVR

International45d ago

Tech Revival Lifts Asian Stock Markets

Asian stock markets gyrated higher Tuesday on overnight Wall Street cues, as traders sought tech-sector values after recent bear moves.Shanghai and Tokyo finished in the green, although Hong Kong edged lower. Other regional exchanges largely gained ground.Seoul's KOSPI Index rebounded upwards by 8.2%, after an 8.3% divot on Monday, as semiconductor-giants SK Hynix and Samsung Electronics led gainers.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 2.2% as investors waded back into AI-related shares after three trading days of decline in semiconductor-exposed shares.The benchmark Nikkei 225 rose 1,392.03 to 65,416.63, as gaining issues outnumbered losers 125 to 98.Leading the upside was semiconductor-components supplier Taiyo Yuden, up 20%, while materials-house Mitsui Kinzoku declined 4.6%.In economic news, Japan's machine tool orders in May rose 37.4% on year, reported the Japan Machine Tool Builders Association.In Hong Kong, the Hang Seng Index opened lower, waffled, but closed down 0.4% as declines in finance and retail shares offset firming in tech and property issues.The broad gauge Hang Seng fell 91.16 to 24,565.90, as losing issues outnumbered gainers 62 to 27. The Hang Seng TECH Index gained 0.3% on the day, while the Mainland Properties Index rose 0.1%.Leading the upside was natural-gas supplier ENN, gaining 3.5%, while shipping line Orient Overseas declined 5.2%.On the mainland, the Shanghai Composite rose 1.3% to 4,010.03.In economic news, mainland China's exports rose 19.4% on year in May, and imports increased by 27.4%, largely driven by AI and tech-hardware demand, reported the Customs Administration.On the other regional exchanges, the Taiwan TWSE inclined 2.8%; the Australian ASX 200 declined 0.2%; the Singapore Straits Times Index rose 1.2%, and the Thai Set inclined 1.4%. In late trading in Mumbai, the Sensex was up 0.5%.The MSCI All Country Asia Pacific Index rose 2.5% on the day.

Hang SengNikkei 225Shanghai Composite

Asia45d ago

Market Chatter: Samsung Electronics' Memory Chief, Nvidia Boss Talk HBM Partnership

Jun Young-hyun, the head of Samsung Electronics' (KRX:005930) memory business and Nvidia CEO Jensen Huang discussed long-term collaboration on next-generation high-bandwidth memory (HBM) products, Yonhap News reported Tuesday.The two heads discussed cooperation on next-generation HBM technologies, comprising HBM4E and HBM5, along with potential collaboration in the foundry business, according to the report.Samsung also plans to boost supplies of HBM4 chips to Nvidia in recent times, it said.Shares of Samsung Electronics jumped nearly 9% at market close.(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.)

KRX:005930

Asia45d ago

Wei Chih's Revenue Rises 25% in May

Wei Chih's (TPE:2028) revenue jumped 25.1% in May to NT$1.02 billion, from NT$811.9 million a year earlier.For the first five months of 2026, cumulative revenue edged up 1.89% to NT$3.96 billion from NT$3.89 billion, the steel bar manufacturer said in a Tuesday Taiwan Exchange filing.

TPE:2028

Research45d ago

Benchmark Initiates International Flavors & Fragrances at Buy With $100 Price Target

International Flavors & Fragrances (IFF) has an average rating of overweight and mean price target of $91.24, 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)

$IFF

Equities45d ago

Update: Market Chatter: BP Investors Raise Strategy Concerns After Chairman Manifold's Removal

(Updates with company response)Certain BP (BP) shareholders are raising concerns over the company's future strategy following the removal of Chairman Albert Manifold, the Financial Times reported Tuesday, citing investors.Manifold led the company's restructuring plan and cost-cutting drive, and his departure left investors worried that BP would lose its momentum, the report said. BP told investors that it would continue Manifold's strategy of simplifying the company, FT reported.Shareholders were also looking for more clarity over Manifold's removal, claiming limited details were disclosed over the circumstances that led to his departure, according to the report.BP reiterated tothat it is firmly focused on cost discipline and delivering value for shareholders.(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.)

$BP

Oil & Energy45d ago

Update: Market Chatter: Chinese Refiners Delay 500,000 bpd Capacity Amid Hormuz Supply Disruptions

(Updates with Aramco's response in fifth paragraph.)China's top refiners have delayed two major projects slated for this year following Middle Eastern crude supply disruptions via the Strait of Hormuz, Reuters reported Monday citing sources.The Saudi Aramco-backed Huajin Aramco Petrochemical, joint venture has delayed the start-up of its 300,000 barrel-per-day Panjin refinery autumn, while PetroChina indefinitely postponed a 200,000 bpd Dalian expansion, the report said.Hapco was originally scheduled to start between May and June but sources familiar with the project confirmed its timeline has been pushed back to September or early October, as per the report.The delay to new processing capacity impacts about 500,000 bpd and will limit prompt physical crude demand as Chinese domestic operators grapple with weak consumption due to aggressive domestic electric vehicle adoption, the report added.Saudi Aramco declined to comment in its emailed response to.None of the other parties involved responded immediately to requests for comments.(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.)

Equities45d ago

Vaalco Energy Restarts Production at Baobab Field Offshore Cote d'Ivoire

Vaalco Energy (EGY) said Tuesday that production has resumed at the Baobab field offshore Cote d'Ivoire following the completion of a major refurbishment of its floating production vessel.The Baobab floating production, storage and offloading vessel was taken offline in January of last year for upgrades, the company said.Production has restarted from four wells, with three additional producing wells expected to come online soon, the company said, adding that the field performance is meeting expectations.The refurbishment was designed to extend the vessel's operating life ahead of a planned drilling campaign scheduled to begin in the second half of this year, Vaalco said.The company said phase 5 drilling program is expected to include four new production wells, two to three injection wells, and two well workovers, which could significantly increase output from the Baobab field.

$EGY

US Markets45d ago

Taiwan's Trade Surplus Grows in May

Taiwan's trade surplus grew 41.8% year on year in May.The trade surplus expanded to $17.9 billion, higher than $14.4 billion in April, according to Tuesday's data from the Ministry of Finance.The figures exceeded Investing.com's forecast of $15.2 billion and ING's prediction of $15.5 billion.Exports rose 51.7% year over year to $78.5 billion, while imports increased 54.9% to $60.6 billion. The consensus forecast was 37.9% and 37.4% rise, respectively, according to Investing.com. ING predicted exports to have climbed 33.5% and imports to have risen 37.4%.When it comes to outbound shipments, information and communication products posted the biggest growth, jumping 75.2% in the prior year. This indicates the continuing rise in the popularity of technology supporting artificial intelligence, especially semiconductors.However, the growing demand for chips could bring tighter supply among major chipmakers, such as Taiwan Semiconductor Manufacturing (TPE:2330). In a news conference, C.C. Wei, TSMC's chairman and chief executive officer, said the company is facing a shortage of manufacturing equipment for advanced chips due to component shortages from suppliers, according to a June 5 report from the Taipei Times.Meanwhile, exports of electronic parts climbed 56%, and exports of electrical machinery products rose 33.4%.ASEAN is Taiwan's biggest export partner, jumping 90.8% year on year. The U.S. remains a major export partner despite the tariffs, as American exports rose 47.8% from the previous year.The imports of information and communication products surged 118% year on year, while mineral products grew 70.2% from a year earlier, with petroleum jumping 76.4%.ASEAN is also the largest import partner, surging 123.6% in import value, and South Korea comes next with its import value jumping 73.3% from a year earlier. Imports from China were in third place, rising 48.4% from the prior year.Meanwhile, the U.S. is not among the top three importers in Taiwan, rising only 13.6% year on year. This is despite the U.S. planning to remove some tariffs on Taiwanese imports, such as aluminum, steel, copper and aircraft parts, as announced by the Federal Register at the end of May.

Taiwan WeightedTPE:2330

Asia45d ago

Reclaims Global Concludes Property Purchase

Reclaims Global (SGX:NEX) subsidiary, Reclaims Enterprise, completed the SG$20.5 million acquisition of a commercial property at 464 Tagore Industrial Avenue, Singapore, according to a Tuesday bourse filing.The integrated construction service provider's unit had earlier signed an agreement to exercise the option to purchase the property in a previous filing from March 18.

SGX:NEX

Asia45d ago

Vijaya Diagnostic Centre CFO Resigns

Vijaya Diagnostic Centre (NSE:VIJAYA, BOM:543350) said Chief Financial Officer Ankit Shah has resigned due to personal reasons, according to an Indian bourse filing on Tuesday.The resignation will be effective on or before July 24, the filing said.Shares of the company fell nearly 1% in Tuesday's trade.

BOM:543350NSE:VIJAYA

Asia45d ago

COFCO Joycome Foods Logs 559,000 Heads in May Hog Sales

COFCO Joycome Foods (HKG:1610) saw a hog sales volume of 559,000 heads in May, with an average price of 9.60 yuan per kilogram for finishing hogs, according to a Tuesday filing with the Hong Kong bourse.The meat product producer sold 35,400 tons of fresh pork in the month.For the first five months of 2026, hog production volume stood at nearly 2.6 million heads.

HKG:1610

Mining & Metals45d ago

Trident Resources Mobilizes Crews, Equipment for Summer Drill Program at Contact Lake Gold Project

Trident Resources (ROCK.V) has mobilized geologic and drilling personnel and equipment to the Contact Lake gold project for the 2026 summer drill program, the company said Tuesday.The mobilization includes two drills, and over 20,000 meters will be drilled in about 35 drill holes between June and November.Drilling activities will be focused on expanding the known gold mineralization both along strike and at depth as the Contact Lake deposit remains open for expansion in all directions.The summer program will seek to grow the resource base along strike to the west and at depth in multiple prospective target areas."Our [over] 20,000-meter summer drill program represents the largest single exploration phase in many decades at Contact Lake and reflects our commitment to aggressively advancing and expanding the project," said Jon Wiesblatt, Chief Executive Officer of Trident.Assays are pending for seven holes from the winter program at the Contact Lake target area as well as 11 holes from the Preview SW deposit located 3 kilometers to the southeast. The winter program extended high-grade gold mineralization to the northeast at the BK3 zone.

$ROCK.V

Research45d ago

Barclays Upgrades West Pharmaceutical Services to Overweight From Equalweight, Adjusts PT to $400 From $310

West Pharmaceutical Services (WST) has an average rating of buy and mean price target of $362.54, 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)

$WST

Asia45d ago

Duty Free International Extends Conditional Period for Malaysia Project

Duty Free International (SGX:5SO) subsidiary Kelana Megah extended its agreement for the potential joint development of a land plot in Johor, Malaysia.Specifically, the conditional period for the planned 17,342-square-meter project with Chin Hin Property (Stulang) will run through Dec. 9. It was set to expire on the same day as the Tuesday filing on the Singapore bourse.

FTSE Bursa Malaysia KLCISGX:5SO

Showing 23141-23160 of 60905

US Markets45d ago

Taiwan's Trade Surplus Grows in May

Taiwan WeightedTPE:2330