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Pacific Lime and Cement Appoints Chief Commercial, Chief Operating Officer; Shares Up 3%

Pacific Lime and Cement (ASX:PLA) appointed Darren Holley as chief commercial officer and chief operating officer, effective June 1, according to a Friday Australian bourse filing.The company's shares rose 3% in recent Friday trade.

ASX:PLA

Asia49d ago

Qantas Airways Shares Rise After Frequent Flyer Partnership With Philippine Airlines

Qantas Airways (ASX:QAN) shares rose more than 1% in recent Friday trade after the company said Thursday it struck a partnership allowing its frequent flyer members to book classic reward seats across the entire Philippine Airlines network.The collaboration gives Qantas frequent flyers greater access to North America, the Middle East, and 15 new island destinations via Manila.Philippine Airlines operates 22 weekly flights between Australia and Manila, including daily service from Sydney and Brisbane, the statement said.

ASX:QAN

Asia49d ago

Market Chatter: Nikon Eyes Photolithography Comeback by Undercutting ASML's Prices, New CEO Says

Nikon (TYO:7731) aims to revive its semiconductor photolithography business by offering lower prices than Dutch rival ASML, which controls over 80% of the market, Nikkei Asia reported on Friday, citing newly appointed president and CEO, Yasuhiro Ohmura.Leveraging in-house production of many components, Nikon gains a cost advantage, Ohmura explained, with the chipmaking equipment unit-his background-serving as the growth driver in a medium-term plan through fiscal 2030, the news agency reported.He said Nikon is in advanced talks with several major U.S. and Asian chipmakers for new orders of its argon fluoride lithography tools, with discussions "nearing purchase orders", according to the report.While Nikon once relied on Intel for 80% of such orders, sales have stagnated due to the American firm's recent struggles, the report added.Ohmura acknowledged that aside from Intel, Nikon lacked a strong track record and had not yet earned trust in its support capabilities, 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.)

TYO:7731

Asia49d ago

Orion Minerals Says IDC Converts 344.5 Million South African Rand Loan Into Equity in Prieska Project

Orion Minerals (ASX:ORN) said the Industrial Development Corporation of South Africa (IDC) converted its about 344.5 million South African Rand convertible loan facility into equity in unit PCZM HoldCo, becoming a 23.8% shareholder in PCZM HoldCo and giving it an effective interest of about 16.7% in PCZM, according to a Friday Australian bourse filing.The company said the IDC retains a shareholder loan claim against PCZM HoldCo of about 272.4 million South African Rand, with all security granted in connection with the facility agreement released following the conversion.The IDC, as a long-standing development finance partner, becomes a direct shareholder in PCZM HoldCo, deepening its strategic alignment with the Prieska project, the filing added.

ASX:ORN

Asia49d ago

AusQuest to Begin New Phase of Diamond Drilling at Peru Porphyry Copper-Gold Project

AusQuest (ASX:AQD) is set to begin a new phase of diamond drilling of over 5,000 meters at the Cangallo porphyry copper-gold project in Peru to test for higher-grade mineralization, according to a Friday Australian bourse filing.It also said stage three reverse circulation drilling at the project highlighted extensive copper-gold mineralization from near surface. It encountered intercepts of 176 meters at 0.38% grade of copper and 0.07 grams per tonne grade of gold from 40 meters, as well as 236 meters at 0.3% copper and 0.08 g/t grade of gold from two meters.

ASX:AQD

Asia49d ago

Market Chatter: Japanese Hotel Rates Hit Record High in April as US and European Tourists Surge, Chinese Visitors Decline

Average hotel room rates in Japan hit a new April record of 23,397 yen, rising 4.6% from last year's high, Nikkei Asia reported Friday, citing data from STR, a CoStar Group subsidiary.The growth was driven by strong inbound demand from travelers in the U.S., Europe, and Australia, the report said.In contrast, Chinese visitor numbers dropped as Beijing continued to discourage travel to Japan over political tensions, the news daily said.Highlighting the sustained demand, Nikkei noted a tour guide managing two- to three-week itineraries across Tokyo, Kyoto, and Hiroshima, with many of those bookings made more than a year in advance.Hotel demand stayed robust throughout cherry blossom season, supported by favorable weather, Nikkei said.The weak yen also provided a boost in April compared with last year, the report said, citing hotel operator Hilton.(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.)

Nikkei 225

Asia49d ago

Innovent Biologics Enters Licensing Agreement With Pfizer for 12 Oncology Programs

Innovent Biologics (HKG:1801) agreed to license 12 early-stage cancer therapy programs to Pfizer for an upfront payment of $650 million, according to a Friday filing with the Hong Kong bourse.The 12 oncology programs comprise eight Innovent-originated early-stage assets and four Pfizer-proposed discovery programs.Under the agreement, Innovent will advance development of the assets through phase 1 clinical study, after which Pfizer will lead global development.In addition to the upfront payment, Innovent is eligible to receive up to $9.85 billion in milestone payments, plus royalties on products that are commercialized.

HKG:1801

Asia49d ago

Spark New Zealand Unit Secures NZ$500 Million Bank Facility in Refinancing Deal

Spark New Zealand's (NZE:SPK, ASX:SPK) wholly owned subsidiary Spark Finance has completed a refinancing of its bank debt, establishing a new NZ$500 million committed facility to replace existing arrangements, according to a Friday New Zealand and Australian bourse filing.The facility will support general corporate funding needs following the sale of a 75% stake in its data center business in January, per the filing.The revised structure extends maturities to up to five years and preserves existing lender and bondholder undertakings along with the negative pledge provisions, the filing said.The company said the refinancing does not affect its fiscal 2026 guidance or its capital management framework, the filling added.The company's Kiwi shares were down 1% in recent Friday trade.

ASX:SPKNZE:SPK

Asia49d ago

Elementos's Spanish Unit Secures Three Mineral Exploration Tenements from the Andalusian Government via Public Tender

Elementos (ASX:ELT) said the Andalusian government granted its wholly-owned Spanish unit, Minas de Estaño de España, three additional mineral exploration tenements through public tender, according to a Friday Australian bourse filing.The tenements, Laurencia, Pascuala, and San Jose, are adjacent to the Oropesa tin project. Regional reconnaissance identified very similar geological signatures to the project.Publicly available soil sampling data collected by government agencies from the application area indicate the San Jose tenement is prospective for critical minerals, including rare earth elements, lithium, tin, tungsten, fluorite, and copper.

ASX:ELT

Asia49d ago

Market Chatter: Hitachi to Deploy AI That Auto-Repairs Factory Malfunctions

Hitachi (TYO:6501) plans to install an artificial intelligence system capable of automatically fixing production line breakdowns by rewriting code in the next fiscal year, Nikkei reported on Friday.The Japanese industrial giant has already tested the technology on virtual lines and will run trials at real facilities this fiscal year to implement the system at group plants, including those making precision equipment, by fiscal 2027, and later offer it to external customers, the publication said.Traditionally, when equipment like robot arms or conveyor belts fails, engineers must spend days diagnosing and resolving the issue on-site, the news daily said.Hitachi's AI was trained on insights from production engineers, enabling it to replicate their troubleshooting steps, such as analyzing equipment data and camera measurements to detect part size errors, and rapidly restore operations, 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.)

TYO:6501

Asia49d ago

ITC Properties Wins AI Computing Contract

ITC Properties Group (HKG:0199) won a contract to provide artificial intelligence computing services to an independent third-party customer, according to a Friday filing with the Hong Kong bourse.Under the contract, the firm will provide 490 petaflops of computing power resource services and a GPU server cluster of corresponding configuration for a basic service period of 6 months.The total consideration for the period was set at 28.9 million yuan, and 4.8 million yuan per month thereafter.Meanwhile, the firm said it entered an agreement with Ronglian Group (SHE:002642) to secure AI computing power infrastructure.

HKG:0199SHE:002642

Asia49d ago

Market Chatter: Mitsui Eyes LNG Investments in Middle East, US, Australia Amid Surging Data Center Power Demand

Mitsui & Co (TYO:8031) plans to expand its liquefied natural gas investments across the Middle East, the U.S., and Australia, as the Japanese trading giant responds to surging electricity demand from data centers worldwide, Bloomberg News reported on Friday, citing CEO Kenichi Hori.Hori told Bloomberg News that the company is actively seeking growth opportunities in LNG and gas-based chemicals, whether through equity stakes or long-term offtake agreements.He noted that businesses searching for cleaner energy to support artificial intelligence infrastructure are generating significant new demand for LNG, the news wire said.As one of Japan's five major trading houses backed by Warren Buffett, alongside Mitsubishi (TYO:8058), Sumitomo (TYO:8053), Itochu (TYO:8001), and Marubeni, Mitsui has benefited from strong commodity prices and a weaker yen across its global energy and metals operations, the publication 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.)

TYO:8001TYO:8031TYO:8053TYO:8058

Asia49d ago

EcoGraf Confirms HF-free Process Is Competitive at $478 Per Tonne Across Global Battery Manufacturing Hubs

EcoGraf's (ASX:EGR) assessment of its patented hydrofluoric acid-free (HFfree) process technology for the production of high-purity active anode material confirmed strong cost competitiveness across all seven potential locations assessed across major global battery manufacturing hubs, according to a Friday Australian bourse filing.The company said the average purification operating cost is about $478 per tonne of spherical purified graphite (SPG), with an integrated supply chain delivering an estimated cost of about $1,441 per tonne, positioning EcoGraf as a competitive alternative to the Chinese supply.EcoGraf has secured grant funding totaling about AU$10 million to support development activities, it added.

ASX:EGR

Asia49d ago

Tamboran Resources Completes Acquisition of Oil, Gas Company

Tamboran Resources (ASX:TBN) completed the acquisition of Falcon Oil & Gas through the acquisition of its subsidiaries after the receipt of final approval from the Supreme Court of British Columbia, according to a Friday filing with the Australian bourse.The company now holds roughly 2.8 million net prospective acres, the filing said.The company issued about 6.5 million shares of common stock to eligible Falcon shareholders on completion of the transaction, per the filing.

ASX:TBN

Asia49d ago

Market Chatter: Toyota Halts Development of Lexus Next-Gen EV, Shifts Focus to SUVs Amid Weakening Global Demand

Toyota Motor (TYO:7203) will halt development of a mass-production version of the Lexus LF-ZC sedan, a next-generation electric vehicle originally intended to utilize advanced gigacasting technology, Nikkei Asia reported on Friday.The automaker is pivoting toward SUVs and other models as EV sales slow worldwide, with production initially scheduled for late this year but then delayed to mid-2027 at a plant in Aichi Prefecture, the news agency said.Despite Toyota's global EV sales rising 42% in 2025 to over 190,000 units-boosted by the revamped bZ4X SUV and the China-only bZ3X-the broader market now faces significant challenges, the publication said.These include the Trump administration's removal of EV purchase tax incentives and the European Union's reversal of its planned 2035 ban on new internal combustion engine vehicles, 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.)

TYO:7203

Asia49d ago

Cynata Says WHO Selects Generic Name for Cymerus Mesenchymal Stem Cells

Cynata Therapeutics (ASX:CYP) said the World Health Organization (WHO) selected pixenstrocel as the proposed generic name for Cymerus induced pluripotent stem cell (iPSC)-derived mesenchymal stem cells (MSC), according to a Friday Australian bourse filing.The proposed generic name is expected to be published in 2027 in the WHO Drug Information List 136 of Proposed International Nonproprietary Name, the company said. The final confirmation is expected around May 2027.The generic name represents the active agent in iPSC-derived MSC products.

ASX:CYP

International49d ago

South Korea's Industrial Production Growth Slows to 2.4% in April

South Korea's industrial production grew 1.5% year over year in April, easing from a 3.9% increase in the previous month as output across most sectors moderated, according to data released by Statistics Korea on Friday.While activity in the construction sector remained in negative territory, albeit at a slower pace, yearly output growth in manufacturing and services slowed to 1.6% and 3.5% from 4.2% and 5.4%, respectively, while public administration growth accelerated to 2.9% from 2.4%, the data showed.On a seasonally adjusted basis, industrial production declined 0.7% in April, reversing the 0.6% monthly growth in March, Statistics Korea said.

^KOSDAQKOSPI

Asia49d ago

Standard Chartered to Issue $1 Billion in Debt

Standard Chartered (HKG:2888) plans to issue $1.00 billion in bonds, according to a Friday filing with the Hong Kong bourse.The lender plans to issue the debt in the form of fixed-rate resetting perpetual subordinated contingent convertible securities that will be listed in London and Hong Kong. Issuance is expected to take place June 8.The bonds will offer interest at an initial rate of 7% and convert into shares of Standard Chartered at the rate of $26.379 per share.Funds raised will be used for general business purposes, the bank said.

HKG:2888

Asia49d ago

Western Australia Supreme Court to Hear Application Related to Genesis Materials' Takeover of Magnetic Resources

Magnetic Resources (ASX:MAU) said the Supreme Court of Western Australia will hear an application by the firm on June 9, seeking the approval of its members of a scheme of arrangement under which Genesis Minerals (ASX:GMD) proposes to acquire 100% of the shares in Magnetic, according to a Friday Australian bourse filing.Members seeking to oppose the application must file with the court and serve on Magnetic a notice of appearance, together with any affidavit they wish to present at the hearing.

ASX:GMDASX:MAU

Asia49d ago

ASX Preview: Australian Shares Set to Rise as Oil Falls on US-Iran Ceasefire Signal; Dexus Requests Trading Halt Ahead of Court Decision

Australian shares are poised to rise on Friday as oil prices fell after reports that the US and Iran had agreed in principle to extend a ceasefire and reopen shipping through the Strait of Hormuz, easing fears of supply disruption even as officials said the deal had yet to be finalized.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.6%, 0.9%, and 0.1%, respectively.In the macroeconomy, the Reserve Bank of Australia's housing and private sector credit report is due at 11:30 am Sydney time.In corporate news, Dexus (ASX:DXS) requested a trading halt on the Australian Securities Exchange from Friday, pending a New South Wales Supreme Court decision.Insurance Australia Group (ASX:IAG) said its subsidiary, Insurance Australia, has reached a confidential settlement with Greensill Bank and its insolvency administrator, resolving Federal Court proceedings relating to allegedly issued trade credit insurance policies.Australia's benchmark index fell 1.4% or 124.8 points to close at 8,592.90 on Thursday.

ASX 200ASX:DXSASX:IAG

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