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Kuaishou Technology's Profit Falls in Q1

Kuaishou Technology (HKG:1024) posted a profit attributable to equity holders of 2.90 billion yuan for the first quarter, down from 3.98 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share came in at 0.66 yuan, compared with 0.91 yuan in the prior-year period.Revenue increased 3.4% to 33.7 billion yuan from 32.6 billion yuan a year earlier.

HKG:1024

Equities50d ago

Market Chatter: TotalEnergies LNG Project Faces Mozambique Challenge Over $2 Billion in Costs

TotalEnergies (TTE) is facing a dispute with Mozambique over about $2 billion in costs tied to delays at its liquefied natural gas project in the country, Bloomberg reported Wednesday, citing an unnamed person familiar with the matter.The disagreement follows an audit that was unable to verify part of the expenses claimed by TotalEnergies and its partners because supporting documentation was lacking, the report said.According to the report, agreement on the disputed costs is required before Mozambique can approve a revised development plan for the LNG project.TotalEnergies did not immediately respond to' request for comment.(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.)

$TTE

Asia50d ago

South Korean Stocks Hit New High Above 8,200 Points as Samsung, SK Hynix Rally

South Korean stocks climbed for a fourth straight session on Wednesday to a new record above the 8,200-point level, led by strong gains in Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added nearly 3% and over 9% respectively.Investors also assessed renewed Middle East tensions alongside efforts toward a peace agreement between the U.S. and Iran.The Korea Composite Stock Price Index or Kospi jumped by 181.19 points, or 2.3%, to end at 8,228.7. The Kosdaq decreased by 39.39 points, or 3.4%, to close at 1,133.13.In economic news, the composite business sentiment index in all industries in South Korea increased four points to 98.9 in May from 94.9 in April, while the outlook for the next month added 3.7 points to 97.6, according to data released by the Bank of Korea on Wednesday.The latest print marked the highest in over three years.The seasonally adjusted composite business sentiment index for the manufacturing sector added 1.7 points to 100.8, while the outlook for the following month also added 2.3 points to 100.3, the central bank said.For the non-manufacturing sector, the seasonally adjusted composite business sentiment index increased 5.4 points to 97.5, while the outlook for the following month added 4.7 points to 95.9.In corporate news, Aamajority of Samsung Electronics' largest labor union approved a compensation agreement that will provide chip workers with average bonuses of about 513 million won, or $340,000 each, Bloomberg News reported Wednesday.Around 74% of union members backed the deal after weeks of negotiations.The move follows a similar bonus payout agreement reached in 2025 by competitor SK Hynix, though Samsung's actual bonus payments will largely depend on earnings and chip demand.In other news, Samsung Electronics also plans to invest $1.5 billion in Vietnam to build its first chip testing factory in the country, The Economic Times reported Wednesday, referring to a company document reviewed by Reuters.Construction has already begun at an industrial park about 60 kilometers north of the Vietnamese capital of Hanoi, with operations expected to start in November 2027.

^KOSDAQKOSPIKRX:000660KRX:005930

Asia50d ago

GLP J-REIT Refinances 2.18 Billion Yen Debt Ahead of Maturity

GLP J-REIT (TYO:3281) decided to refinance 2.18 billion of its existing borrowings due June 30, using new loans from Daishi Hokuetsu Bank and The Bank of Iwate.The new borrowings, totalling 2.18 billion, will be drawn on June 30, 2026, with repayment set for June 2031 and June 2032, respectively, according to a Tokyo bourse filing on Wednesday.The move is part of the company's plan to fix interest rates earlier amid a rising rate environment and to diversify funding sources with new lenders, it said.The transaction's impact is already reflected in earnings forecasts for the fiscal period ending August.

TYO:3281

Asia50d ago

Arkade Developers Acquires Cluster Redevelopment Rights of Nine Residential Societies in Mumbai, India

Real estate company Arkade Developers (NSE:ARKADE, BOM:544261) acquired the cluster redevelopment rights of nine residential societies in Mumbai, India, according to a Wednesday filing to the Indian stock exchanges.The redevelopment will feature premium residences and will have a saleable area of 325,000 square feet with a projected gross development value of 11 billion Indian rupees.The company's shares were up over 1% in recent trade.

BOM:544261NSE:ARKADE

Asia50d ago

Market Chatter: India's GIFT City Draws Investors Seeking Global Equities

India's Gujarat International Finance Tec-City (GIFT City) is attracting investors seeking global equities with its relaxed limits, Nikkei Asia reported Wednesday.GIFT City is exempt from India's $7 billion industry-wide cap on combined overseas investments of all mutual funds, the report said.The limit for funds outside GIFT City has been reached, forcing the investment arms of global funds like Schroders, J.P. Morgan, or HSBC to stop accepting fresh subscriptions. Therefore, they are turning to Gujarat's financial hub to push their funds, the report said.A country-agnostic equity fund launched in GIFT City by DSP Asset Managers garnered nearly $30 million in subscriptions since its launch in June 2025 and expects inflows to cross $200 million in a couple of years, according to the report."It's not country specific but sector specific, with investors focusing on themes like AI, semiconductors and cloud computing," Nikkei quoted Jay Kothari, DSP's head of international business and lead investment strategist, as saying.(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.)

^BSENifty 50

Commodities50d ago

Market Chatter: Russia Mulls Curbs on Diesel, Jet Fuel Exports to Ensure Sufficient Domestic Supply

Russia is evaluating the possibility of imposing limits on the volumes of diesel fuel and jet fuel exported from the country in order to ensure sufficient domestic supply, Interfax reported on Tuesday, citing several undisclosed sources.During a meeting regarding the fuel market on Tuesday, Russian Deputy Prime Minister Alexander Novak stressed the need to prioritize the availability of reliable and uninterrupted supply of fuel for domestic consumers.According to the report, Novak said a constant monitoring of the domestic fuel market was required to maintain coordination between government agencies and the industry and to quickly introduce extra measures if required.Oil companies have been advised to reduce their exports of petroleum products and a decision on the ban of diesel and kerosene shipments is at an advanced stage, although an implementation date is yet to be decided, the report said, citing sources.Authorities have been considering limiting kerosene exports since last week, with plans to ban on such exports for a month or two in the near future under review, the report said.Meanwhile, a source noted that restrictions on exports of diesel fuel was unlikely due to ample availability, the report added.has reached out to the Russian Energy Ministry for a comment.(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.)

Oil & Energy50d ago

US Sends Crude to Asia for First Time Since 2022- Reuters Analysis

A US Strategic Petroleum Reserve cargo is sailing to the Philippines, marking the first such American oil shipment to Asia since November 2022, according to a Reuters' analysis on Tuesday citing ship-tracking data.The deployment comes as a direct response to severe structural dislocations in Asian energy grids, which typically rely on the Strait of Hormuz for roughly 80% of their total petroleum imports.With the vital chokepoint heavily restricted for over three months due to the ongoing US-Iran conflict, a severe deficit of Middle Eastern barrels has driven spot premiums to record highs, forcing regional refiners to look across the Atlantic to avoid catastrophic supply shortfalls.According to maritime intelligence data from Kpler, the transaction is being executed via the Greek-flagged Very Large Crude Carrier Arosa, which was chartered by multinational energy major Shell (SHEL), the report noted.The vessel loaded about 616,000 barrels of domestic sour crude from the Bryan Mound SPR facility in Texas during early May, alongside a co-loaded commercial batch of 700,000 barrels of the deepwater US sour grade, Thunder Horse.The combined 1.3-million-barrel hardware layout is scheduled to arrive at the Bataan refining hub in the Philippines in early July, breaking a multi-year gap since the Southeast Asian nation last imported a US crude barrel in February 2020, the report said.

Asia50d ago

Hong Kong Stocks Fall on Persian Gulf Ceasefire Doubts; Three Firms Shine on Debut

Hong Kong stocks fell sharply on Wednesday as elevated oil prices and uncertainty over the durability of the U.S.-Iran ceasefire weighed on sentiment.The Hang Seng Index fell 1.1%, or 271.22 points, to close at 25,328.23, while the Hang Seng China Enterprises Index dropped 1.3%, or 113.87 points, to finish at 8,463.02.Iran said Tuesday that the U.S. had violated the ceasefire by launching strikes near the contested Strait of Hormuz, raising fresh doubts over prospects for ending the conflict.Meanwhile, Israel launched more than 120 airstrikes across Lebanon on Tuesday in one of the heaviest waves of bombardment in weeks, according to Lebanese security sources, Reuters reported.Tehran has demanded an end to Israeli operations in Lebanon as part of any broader agreement.Meanwhile, oil prices retreated from recent highs, giving back part of the previous session's gains as traders looked for clearer signals on U.S.-Iran negotiations after renewed hostilities disrupted efforts to reopen the Strait of Hormuz.In corporate news, three companies made their debut on the Hong Kong bourse.Viewtrix Technology (HKG:3310) closed nearly 92% higher at HK$39.90, compared with its offer price of HK$20.81.Shenzhen SDMC Technology (HKG:0901) gained 87% to close at HK$61.20, versus its offer price of HK$32.80.Beijing DeepZero Technology (HKG:2723) advanced nearly 266% to end the session at HK$203, compared with its offer price of HK$55.50.

Hang SengHKG:0901HKG:2723HKG:3310

Asia50d ago

Japan Automakers to Further Lag in Electrification Amid Hybrid Focus, Lack of Policy Push, S&P Says

Japan's automakers will further lag global competitors in electrification, S&P Global Ratings said in a Wednesday release.The country's vehicle producers have responded to the rising demand for low-carbon vehicles by offering hybrids, but this is unlikely to make them competitive with foreign peers, S&P said.The strategy will also fail to anchor Japan's long-term decarbonization efforts, while the country's policy conditions do not encourage automakers to accelerate their shift to full electrification, the rating agency said.Japan's policies have focused on incentivizing demand, with no decisive incentives for the producers, unlike other markets such as South Korea and Europe where both sides are being prioritized, S&P said.S&P considers Japan's battery electric vehicle and plug-in hybrid adoption as among the laggards in G-7 countries.The country's auto sector decarbonization mainly stems from fuel efficiency rather than electrification, with above 95% of electrified auto sales still accounting for internal combustion engines, S&P said.

Nikkei 225

Commodities50d ago

Update: Workers Union Reportedly Calls Off Strike at Inpex LNG Facility in Australia

(Updates to add statements from Offshore Alliance and Inpex from paragraphs 6-8.)A proposed strike at Japanese energy firm Inpex's 9.3 million metric-ton-a-year Ichthys liquefied natural gas export facility in Darwin, northern Australia on Wednesday and Thursday has been canceled as progress was made in negotiations, according to multiple media reports, citing Offshore Alliance union.Earlier this month, lawyers representing the union had served the facility with a notice of intent to strike, following months of failed negotiations.The decision to strike was taken after about 326 of 346 union workers at the facility voted last month in favor of a strike to further their demands for better pay and working conditions.According to its website, Offshore Alliance is a partnership between the Australian Workers' Union and the Maritime Union of Australia, and covers workers in the offshore oil and gas industry.A strike at the facility, which accounts for about 2% of global LNG output, could have had severe consequences for the market amid the supply disruptions from the Strait of Hormuz due to the ongoing Middle East crisis, Bloomberg reported.In a response to an email from, the Offshore Alliance confirmed the development.In an emailed statement to, Inpex Senior Vice President Corporate Bill Townsend said Inpex has been informed that the Protected Industrial Action will not take place May 27 and 28 and the negotiations continue, with the company actively engaged in the bargaining process facilitated by the Fair Work Commission."INPEX remains focused on maintaining safe operations at Ichthys LNG, reaching a fair and equitable agreement with employees - and importantly, ensuring reliable energy supply to our key trading partners in the Indo-Pacific region amid disruption to global energy markets," the statement added.

US Markets50d ago

UK Energy Price Cap to Rise 13% as Middle East Conflict Drives Up Gas Costs

The UK Office of Gas and Electricity Markets, or Ofgem, on Wednesday announced a 13% increase in the domestic energy price cap for the third quarter due to rising wholesale gas prices stemming from the ongoing war in the Middle East.Under the regulator's current typical domestic consumption values, the typical annual energy bill for an average household paying by direct debit is set to rise to 1,862 pounds sterling from 1,641 pounds starting in July.While this increase is the first since the conflict in the Middle East began, Ofgem noted that prices "remain well below" the peak of the 2022 energy crisis when the government intervened to limit bills at 2,500 pounds.Around 40% of households are on fixed tariffs and will not be impacted by the July hike, the regulator said. For others, gas bills will jump 24%, while electricity rises just 5%, which Ofgem attributed to growing renewable energy generation."We understand many will be concerned about rising prices. While energy use typically falls over the summer months, there are still practical steps households can take to manage costs, including exploring fixed tariffs or changing their payment method. Smart meter customers can also take advantage of half price or cheap electricity at the weekends," Ofgem Chief Executive Officer Tim Jarvis said, adding they are funding the "biggest transformation" in a generation to build a "secure and resilient" energy system for Great Britain.Reacting to the news, UK Energy Secretary Ed Miliband wrote in a post on social media site X that the "rise in the price cap because of a war we did not choose is deeply unwelcome news for households across the country." Looking ahead to winter, Miliband said the government is planning for "all contingencies," adding that de-escalation of the conflict is vital to lowering the price of global oil and gas prices.

FTSE 100

Equities50d ago

Market Chatter: Adnoc Ships Another LNG Tanker Through Strait of Hormuz to India

Abu Dhabi National Oil Co., or Adnoc, is reported to have shipped another tanker carrying liquefied natural gas through the Strait of Hormuz to its destination listed as India.The loaded cargo ship reappeared northwest of Muscat, Oman, after stopping transmissions around May 2, Bloomberg News reported Wednesday, citing its ship-tracking data.Adnoc did not immediately respond to a request for comment from.(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.)

^DFMGI^FADGI

Asia50d ago

Market Chatter: Malaysia Imposes 10% Duty on Gold Bar Imports

Malaysia has introduced a 10% import duty on certain gold bar shipments, Bloomberg News reported Tuesday, citing traders and dealers.Traders said some gold imports have been subjected to the new duty since early May, causing delays at customs and forcing some shipments to be rerouted. The additional cost has made imports commercially unviable, as local gold prices have not increased enough to offset the tax burden, according to the report.The Royal Malaysian Customs Department confirmed that the Ministry of Finance would engage with industry players regarding the taxation of minted gold products, the news agency reported.(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.)

FTSE Bursa Malaysia KLCI

International50d ago

China's Outbound Direct Investment Up 4% in January-April

China's outbound direct investment rose 3.9% year over year to 429.4 billion yuan in the first four months of 2026, according to data released Tuesday by the Ministry of Commerce and the State Administration of Foreign Exchange.Domestic investors poured 315.7 billion yuan into 5,231 overseas companies across 142 countries and regions, though that figure decreased 14% from 2025.China's actual use of foreign direct investment fell 10% to 287.7 billion yuan.Despite the decline in investment, 20,113 new foreign-invested firms were established, up 6.8%.

Shanghai Composite^SZSE

Equities50d ago

Former BP Chairman to Challenge Ouster

BP's (BP.L) ousted Chairman Albert Manifold plans to challenge his termination, claiming he was removed without prior warning or explanation, Bloomberg News reported Wednesday, citing an emailed statement from Manifold."I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged," Manifold reportedly said.The British oil giant's board on Tuesday decided unanimously to terminate Manifold's employment as chair, citing concerns "related to important governance standards, oversight and conduct."BP did not immediately respond to a request for comment from.

$BP.L

Equities50d ago

TotalEnergies Extends Fuel Price Caps in France Amid Middle East Crisis

TotalEnergies (TTE.PA, TTE.L) said Wednesday it will maintain fuel price caps at all of its service stations in France as long as the Middle East crisis continues.For June, the French energy giant will keep petrol prices at 1.99 euros per liter and diesel prices at 2.25/L.TotalEnergies added that it will maintain a price cap of 1.99 euros per liter for electricity and gas customers in 2026.

$TTE.L$TTE.PA

Equities50d ago

Market Chatter: BP Removes Chairman Over Governance Concerns; Manifold Pushes Back

BP (BP) removed Chairman Albert Manifold, citing governance and oversight concerns, though Manifold rejected the company's account and said his dismissal came without explanation, Bloomberg reported Tuesday, citing unnamed people familiar with the matter.The concerns centered on Manifold's conduct toward employees, handling of sensitive information and efforts to bypass the board, which he denied as a "false narrative," according to the report.Analysts said the departure could raise concerns about the pace and continuity of BP's turnaround efforts, Bloomberg added.BP didn't immediately respond to a request for comment from.(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

Asia50d ago

Market Chatter: China to Expand Travel Restrictions to Top AI Professionals

Chinese authorities will now require government approval for top artificial intelligence professionals in private companies to travel abroad, Bloomberg reported Tuesday, citing people familiar with the matter.The curbs signal increasing Chinese intervention to safeguard its technology as it competes with the U.S. and to prevent brain drain, the report said.Government agencies have imposed restrictions on people involved in advanced AI work, as they are considered strategically important to the country, the report said.Those told they will be subject to travel restrictions span from startup founders and researchers to executives, Bloomberg said, citing the people.Chinese restrictions on overseas travel for its top talent are not new. The country has, for years, controlled travel for top college researchers, nuclear scientists, and executives at state-owned firms, 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

International50d ago

Italian Monthly Industrial Sales Up 2% in March

Italy's industrial turnover rose 2% month over month in March, after a revised 0.5% uptick previously, according to data from statistics agency Istat published Wednesday.On a yearly basis, industrial sales were 4.4% higher, against a 0.5% gain earlier.

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Showing 25341-25360 of 55925

Asia50d ago

South Korean Stocks Hit New High Above 8,200 Points as Samsung, SK Hynix Rally

^KOSDAQKOSPIKRX:000660KRX:005930