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Changchun FAWAY Automobile Components Completes 150 Million Yuan Capital Increase in Qiyi Technology

Changchun FAWAY Automobile Components (SHA:600742) completed its 150-million-yuan capital increase in Qiyi Technology (Shenzhen), according to a Tuesday disclosure to the Shanghai bourse.The capital increase will help develop new quality productivity and will improve strategies in new intelligent mobility equipment, the automotive parts maker said in its filing.

SHA:600742

International50d ago

Taiwan's Wholesale, Retail Trade Rise in April

Taiwan's wholesale turnover in April rose 25.2% annually to NT$1.543 trillion, supported by rapid expansion in emerging technology applications and higher petrochemical raw material prices, the Ministry of Economic Affairs said.Machinery and equipment wholesale surged 44.3%, while chemical materials wholesale climbed 22.3%. Food, beverage and tobacco wholesale, along with pharmaceutical and cosmetics wholesale, increased 7.4% and 7%, respectively. However, household appliances and supplies wholesale fell 6.5% amid weak market demand.Retail sales for the month rose 5.2% from a year earlier to NT$404.8 billion, thanks to promotional campaigns tied to the Qingming Festival and Mother's Day holidays, as well as demand for new consumer electronics products.Department stores, textiles and apparel retailers, e-commerce and mail-order businesses, ICT and home appliance retailers, and convenience stores recorded growth of 12.6%, 14.1%, 9.1%, 11%, and 5.5%, respectively. Whereas, Auto and motorcycle retail sales declined 4.6%.Meanwhile, the food and beverage sector posted NT$85.2 billion in turnover, up 4.5% year on year, benefiting from holiday demand, expansion efforts, co-branded products, and beverage promotions, the data showed.

Taiwan Weighted

Mining & Metals50d ago

American Critical Minerals Said It Received Final BLM Potash Prospecting Permits for 2026 Drill Program at Green River Project

$KCLI.CN

International50d ago

Wall Street Futures Advance Premarket Tuesday on Mid East Peace Talks Optimism

Wall Street futures were advancing before the market open Tuesday, with investors maintaining optimism over Middle East peace talks despite recent US strikes on Iran.In the futures, the S&P 500 was 0.7% higher, the Nasdaq was up 1.1%, and the Dow Jones rose by 0.5%.Asian markets were mostly lower at closing, while European bourses were mostly lower around midday.Early movers include Elbit Systems (ESLT), which was up more than 8% after reporting higher Q1 non-GAAP earnings and revenue. Pony AI (PONY) shares rose past 9% after posting Q1 results that beat market expectations.AutoZone (AZO) and Coca-Cola Europacific Partners (CCEP) are scheduled to release their quarterly results on Tuesday.On the economic calendar is the Consumer Confidence report at 10:00 am ET. The Case-Shiller Home Price Index is due at 9:00 am ET.In pre-market action, bitcoin traded at $76,573.03, West Texas Intermediate crude oil traded 5.1% lower at $91.72, and 10-year US Treasuries offered 4.49%. Spot gold traded for $4,535.16 an ounce.

Dow JonesNasdaq CompositeS&P 500

Asia50d ago

Ambika Cotton Mills Declares Final Dividend for Fiscal 2026

Ambika Cotton Mills (NSE:AMBIKCO, BOM:531978) recommended a final dividend of 37 rupees per share for fiscal 2026 ended March 31, according to an Indian bourse filing on Tuesday.Shares of the company jumped nearly 4% at market close.

BOM:531978NSE:AMBIKCO

Mining & Metals50d ago

Dundee Corporation Announcing Results of Infill Drilling at Westhaven's Shovelnose Gold and Silver Project, Southern British Columbia

$DC-A.TO

Wire50d ago

Hycroft Mining to Join Russell 3000 Index on June 29

Hycroft Mining (HYMC) will join the Russell 3000 Index on June 29, the mining company said Tuesday.The company said membership in the Russell 3000 Index will remain in place for one year. Inclusion in the index also means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, Hycroft Mining said.Shares of the company are up more than 3% in Tuesday pre-market trading.

$HYMC

Equities50d ago

Northern Oil and Gas to Acquire 25% Stake in Alberta Assets

Northern Oil and Gas (NOG) said Tuesday it is acquiring a 25% stake in Canadian oil-producing assets for about 350 million Canadian dollars ($254 million).The company said it will fund the deal with about CA$113 million in stock issued to the seller at closing, with the rest coming from cash, free cash flow and borrowings.It also agreed to up to CA$25 million in contingent payments tied to oil prices, payable in Q1 2028 if targets are met, the company said.Northern Oil and Gas said the assets include more than 500 drilling locations in Alberta's Duvernay shale basin and are expected to produce about 4,000 barrels of oil equivalent per day in 2027, with operating costs below $7.50 per barrel.Parallax Energy will continue operating the fields under a long-term development agreement, it added.Northern Oil and Gas said it plans to invest $40 million to 45 million in capital spending in 2026 and $45 million to 50 million in 2027, and may hedge currency exposure tied to operating costs. The deal is expected to close in Q2.

$NOG

Commodities50d ago

JSW Steel, Bharatia, Carbon Iceland Partner on Green Methanol Project in India

Steel manufacturer JSW Steel has partnered with Carbon Iceland International and non-profit consultancy Bharatia to develop a 300,000-ton-per-annum green methanol plant in India, according to a regulatory filing Monday.The project will produce e-methanol by converting carbon dioxide emissions from JSW Steel's operations in Raigad, Maharashtra, and it will use of green hydrogen from renewable energy sources, the document stated."The collaboration seeks to establish a scalable carbon capture and utilization pathway for the steel sector," JSW Steel said, as India pursues its energy transition and industrial decarbonization objectives.The memorandum of understanding, signed by the three companies during the third India-Nordic Summit in Norway, also outlines a phased development pathway towards commercial-scale implementation of the project.Under the agreement, Carbon Iceland will serve as the technology project developer, while non-profit foundation Bharatia will support project development and establishment of financing pathways.

Research50d ago

Northland Downgrades Intel to Market Perform From Outperform

Intel (INTC) has an average rating of hold and mean price target of $95.60, 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)

$INTC

Asia50d ago

Solarworld Energy Solutions Names Chairman

Solarworld Energy Solutions (NSE:SOLARWORLD, BOM:544532) said its board has appointed managing director Kartik Teltia as chairman, effective May 27, according to an Indian bourse filing on Tuesday.Teltia succeeds Rini Chordia, who resigned from the role, the filing said.Shares of the company fell over 3% at close of trade.

BOM:544532NSE:SOLARWORLD

Mining & Metals50d ago

Bombardier Defense To Provide Three Bombardier Global 6500 Aircraft For Maritime Surveillance In Australia

$BBD-A.TO$BBD-B.TO

Asia50d ago

Pony AI Widens Loss in Q1

Pony AI (HKG:2026) recorded an attributable loss of $50.4 million in the first quarter, compared with $43 million a year prior, according to a Tuesday filing with the Hong Kong bourse.The autonomous driving technology company's loss per share remained unchanged over the two periods at $0.12.Revenue surged 145% to $34.3 million from $14 million in the year-ago period, mainly driven by growth in Robotaxi service and intelligent solution revenues.

HKG:2026

Mining & Metals50d ago

Quarterhill Says Selected by Utah Department of Transportation to Deploy Advanced Tolling Back-Office Platform in I-15 Express Lanes

$QTRH.TO

Mining & Metals50d ago

Lode Gold Resources and Apex Resources Among Latest TSX Venture Co To Adopt Semi-Annual Reporting

S&P/TSX CompositeS&P/TSX Composite$APX.V$AWX.V$BHS.V$BSK.V$CLIC.V$CQX.CN$GRG.V$LIT.V$LOD.V$LSTR.V$SAT.V$SBMI.V

Asia50d ago

InnoCare Pharma to Vest Over 2.4 Million Shares for 74 Employees

InnoCare Pharma (SHA:688428, HKG:9969) approved the vesting of shares under a stock incentive plan and the cancellation of granted but unvested shares, according to a Tuesday filing with the Shanghai bourse.The company will vest more than 2.4 million restricted shares granted to 74 recipients.InnoCare will cancel 157,000 shares that are granted but unvested, as the four recipients have departed InnoCare, and cancel 167,000 restricted shares.

HKG:9969SHA:688428

Asia50d ago

Soyea Technology Unit to Manage West Lake Software Park in 13.2-Million-Yuan Deal

Soyea Technology (SHE:000909) subsidiary Eastern Software plans to sign a five-year contract to provide investment, operation and property management services for the West Lake Soyea software park project in Zhejiang, China.The 13.2-million-yuan contract was signed with Park Development Co., a wholly-owned subsidiary of controlling shareholder West Lake Electronics Group, according to a Tuesday filing with the Shenzhen bourse.Shares of the real estate company closed 2% lower Tuesday.

SHE:000909

Treasury50d ago

Commerzbank on Overnight News

Commerzbank in its "European Sunrise" note of Tuesday highlighted:Markets: United States Treasury futures reverse Monday's rally, 10-year yields near 4.5%. E-minis weaken from record highs. Brent falls below US$100/barrel, hovers sideways around US$98/barrel. The US dollar (USD) is "modestly" supported.Fed: Kevin Warsh sworn in as Federal Reserve chair, unanimously selected by FOMC. He says he will lead a "reform-oriented Fed," pledges inflation can be lower "with independence and resolve." President Donald Trump says Warsh will curtail Fed practice of forward guidance, calls on him to be "totally independent" and "do his own thing."Iran war: The U.S and Iran have developed a "framework" to extend the ceasefire by 60 days, reopen the Strait of Hormuz in exchange for lifting the U.S. blockade of Iranian ports and Iran being free to sell oil. Negotiations on curbing Iran's nuclear program to follow within 30 to 60 days (FT, NYT, Axios). Iran agrees in principle to give up enriched uranium (NYT) but demands it be transferred to China (Al Arabiya). Trump says enriched uranium will preferably be destroyed in Iran. He is "50/50" on deal or bombs, later says agreement "nearly done" and deal to be announced shortly," before walking back saying he told officials not to rush; deal will be "exact opposite" of 2015 Joint Comprehensive Plan of Action (JCPOA).U.S./Iran: The U.S. and Israel strike missile launch sites and boats. The U.S. says it continues to use "restraint" during the ongoing ceasefire.==EUROPE:ECB: President Christine Lagarde says the situation is too uncertain to commit on rates, the European Central Bank to look at all data to assess the economy in June. Inflation projections likely to be revised. Governing Council (GC) member Madis Muller sees "good case" for June hike on energy surge. GC member Yannis Stournaras says a hike may be inevitable to keep credibility, sees inflation as "sticky." GC member Martin Kocher sees pressure to hike, unless the Iran situation improves. GC member Isabel Schnabel says ECB should raise rates even if peace deal is struck.ECB plans to summon banks on Tuesday to discuss cyber-security flaws exposed by Artificial Intelligence model "Mythos" (FT).EU: The International Monetary Fund says European Union energy, defense and innovation should be financed via joint debt (FAZ cites paper discussed at last week's Eurogroup).France: Far-right RN President Jordan Bardella would beat Edouard Philippe by 52-48% in presidential runoff (Odoxa poll).Ratings: Fitch affirms Belgium at A+/stable. DBRS confirms Slovenia at AA (low)/stable. Scope downgrades Slovakia to A-/stable from A/negative, affirms NRW at AAA/stable, and China at A/stable.U.K.: British Finance Minister Rachel Reeves eyes 22% charge on interest earned from cash (Telegraph sources).==ASIA:Japan: Prime Minister Sanae Takaichi says extra budget spending will be just over three trillion yen, won't increase bond issuance on a calendar basis.

$CXY$USD

Asia50d ago

Mary Chia Flags Net Loss in Fiscal 2026

Mary Chia (SGX:5OX) expects to book a net loss for the fiscal year ended March 31, compared to net profit a year earlier, according to a Tuesday bourse filing.The wellness company attributed the expected loss to lower revenue contribution and higher operating and fulfilment related costs from Taiwan operations, higher depreciation of right-of-use assets, and higher finance costs stemming from increased borrowings.The company will release its financials on or before May 29.

SGX:5OX

Mining & Metals50d ago

MustGrow Biologics Launches C$2 Million Non-Brokered Private Placement of Units

MustGrow Biologics (MGRO.V), which rose by more than 5% yesterday, has launched a non-brokered private placement of units at C$0.50 per unit for gross proceeds of about $2 million, the company said late on Monday.Each unit will consist of one MustGrow common share and one common share purchase warrant. Each warrant will be exercisable for a 60-month period from the closing date and will entitle the holder to purchase one additional common share at an exercise price of $0.70 per warrant share.The company has the right to increase the size of the offering.Net proceeds will be used for inventory production for its mustard-derived organic biofertility product TerraSante and working capital and general corporate purposes.The offering is expected to close on or about June 11, subject to certain conditions including TSX Venture Exchange approval.

$MGRO.V

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Treasury50d ago

Commerzbank on Overnight News

$CXY$USD