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Jefferies Adjusts Belrise Industries' Price Target to INR250 From INR215, Keeps at Buy

Belrise Industries (NSE:BELRISE, BOM:544405) has an average rating of buy and mean price target of 231.83 Indian rupees, 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)

BOM:544405NSE:BELRISE

Commodities50d ago

GCL SI, Getz Energy Plan 1 GW of Solar Power in Thailand

China's GCL System Integration and Thailand-based Getz Energy, subsidiary of Global Power Synergy, have signed a memorandum for up to 1 gigawatt of solar photovoltaic modules for installation in Thailand, GCL SI said in a statement on Monday.GCL SI will supply both photovoltaic modules and battery energy storage systems and deliver them in phases in tandem with construction and grid connection timetables.The deal supports growth of the GPSC and Getz renewable energy portfolios domestically in Thailand, with utility-scale solar a major part of the group's long-term decarbonization strategy, the statement said.GCL SI said the agreement reflects accelerating growth in utility-scale renewables across Southeast Asia more broadly with growing electricity demand and decarbonization targets boosting clean technologies.

Equities50d ago

Awilco LNG Names Commercial Chief

Liquefied natural gas transportation company Awilco LNG (ALNG.OL) appointed Niels Rigault as its chief commercial officer, according to a Tuesday release.Rigault previously served as the executive vice president commercial at liquefied petroleum gas vessels operating company BW LPG (BWLPG.OL).

$ALNG.OL$BWLPG.OL

International50d ago

Ifo: German Export Outlook Declines in May as Geopolitical Uncertainty Persists

Export expectations in Germany weakened further in May, as the industry outlook "remains challenging" amid ongoing geopolitical instability, the ifo Institute said Tuesday.The ifo export expectations dropped to -5.5 points in May, from -1.2 points in April, with the automotive, metal, and other energy-intensive industries expecting a decline in international sales.On the other hand, the electrical sector maintains a "moderately optimistic" export outlook, though it has cooled slightly from last month. Similarly, furniture manufacturers anticipate a boost in foreign sales.

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US Markets50d ago

Singapore's April Manufacturing Output Surges 17.6% on AI Electronics Demand

Singapore's manufacturing output rose 17.6% year-over-year in April, driven by robust AI-related electronics demand, according to data released Tuesday by the Economic Development Board.Excluding biomedical manufacturing, factory output increased 21.5%.On a seasonally adjusted basis, manufacturing output rose 5.8% from March. Output excluding biomedical manufacturing also increased 5.8%.The data comes after Singapore maintained its 2026 gross domestic product growth forecast at 2.0% to 4.0%, although the Ministry of Trade and Industry (MTI) warned that downside risks have risen significantly due to the US-Israel-Iran conflict.Singapore's economy grew 6.0% year over year in the first quarter, extending the 5.7% expansion recorded in the previous quarter."On a year-on-year basis, GDP growth in the first quarter was driven by strong performance of the wholesale trade, manufacturing, and finance & insurance sectors," MTI said.The ministry said robust AI-related demand supported growth in the machinery, equipment, and supplies segment, as well as the electronics and precision engineering clusters, while banking, fund management, and securities dealing activities also remained resilient.The electronics cluster surged 44% in April, led by the infocomms, consumer electronics, and semiconductors segments amid strong AI-related demand.General manufacturing output increased 16.9%, supported by higher production of structural metal products and beverages.Meanwhile, transport engineering expanded 10.1%, driven by stronger aerospace activity and sustained maintenance, repair, and overhaul work from commercial airlines, alongside increased ship repair and offshore engineering activity.Chemicals output declined 17.6% due to disruptions in feedstock supply that weighed on petroleum and petrochemicals production.The Ministry of Trade and Industry said Singapore's economic outlook has weakened since February amid heightened global uncertainty, though resilient AI-related demand should continue supporting the electronics and precision engineering sectors.The ministry added that downside risks to the outlook have risen significantly and said it would continue monitoring developments closely and adjust the forecast if necessary.

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Asia50d ago

RateGain Travel Technologies Names Chief Marketing Officer

RateGain Travel Technologies (NSE:RATEGAIN, BOM:543417) has appointed Heather Moses as Chief Marketing Officer of the company, based in Boston, U.S., according to a Tuesday filing to the Indian stock exchanges.Heather has over two decades of experience and was most recently the vice president of corporate marketing at Cornerstone OnDemand, and has held chief marketing officer roles at Allego and Nexthink.The company's shares were up over 1% in recent trade.

BOM:543417NSE:RATEGAIN

Oil & Energy50d ago

EMEA Oil Update: Brent Rebounds as US Strikes Reignite Middle East Tensions

Brent futures gained on Tuesday following targeted US strikes in Iran, casting immediate doubt on a rumored 60-day ceasefire extension and further bewildering energy markets after talk of progress towards peace in recent days.The Brent futures contract gained 2.4% to $98.44 per barrel. Murban futures closed at $92.82 on May 25 and were not trading by the time of publication of this oil price update.Brent fell to its lowest in more than a month on Monday after US President Donald Trump and other officials said there had been some progress towards a basic peace deal with Iran.Today's market reversal follows subsequent US military intervention in the Persian Gulf.US Central Command forces launched targeted strikes against active missile launch sites in southern Iran and intercepted several fast-attack boats allegedly attempting to plant naval mines, experts noted.While Washington continues to publicly insist that backstage peace negotiations in Qatar remain active, the strikes gave energy markets renewed reason for skepticism.Compounding the geopolitical friction, Israeli forces simultaneously intensified cross-border offensives against Iran-backed Hezbollah units in Lebanon.Saxo Bank analysts emphasized that even if diplomats successfully ink a peace treaty in Doha, the commercial recovery for energy infrastructure will be slow.Saxo Bank analysts said, "While differences between the parties have narrowed, any eventual peace deal would likely lead only to a gradual reopening, meaning the current tight supply outlook could take months to normalize.

Asia50d ago

Zone-King Environmental Elects Chair

Zhejiang Zone-King Environmental Sci & Tech (SHA:688701) elected Xue Lei as chair to succeed Zhuo Weilong, who resigned.Xue serves as company director and director of the environmental protection business division, according to a Tuesday filing with the Shanghai bourse.Shares of the environmental protection services provider rose 2% Tuesday.

SHA:688701

International50d ago

Spanish Annual Producer Prices Up 8.3% in April

Producer prices in Spain jumped 8.3% year over year in April, following a revised 3.1% increase previously, data from the National Statistics Institute showed Tuesday.On a monthly basis, the industrial price index was 1.7% higher, after a revised 6.2% growth in March.

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Asia50d ago

Anhui Transport Consulting Moves to Dissolve Small Loan Investee

Anhui Transport Consulting & Design Institute (SHA:603357) has approved the formal dissolution and liquidation of micro-lending firm Hefei Wantong Small Loan, according to a Tuesday filing with the Shanghai bourse.The investee company is 10% owned by Anhui Transport's wholly-owned subsidiary, Anhui Expressway Test & Research Center.Hefei Wantong Small Loan ceased new business in July 2025 due to poor performance.Shares of the engineering services company were down 1% in recent trade.

SHA:603357

Asia50d ago

Zhongfu Enterprise Subsidiaries to Buy Molds for 6 Million Yuan

Zhuhai Zhongfu Enterprise's (SHE:000659) subsidiaries plan to purchase production molds for nearly 6 million yuan, according to a Shenzhen bourse filing on Tuesday.The molds, which will be used for PET bottle preforms production, will be bought from Guangdong Guozhu Mold Technology and Guangzhou Yidao Injection Molding Machinery.The plastic food container producer's shares fell less than 2% in the afternoon trade.

SHE:000659

Asia50d ago

Japanese Shares Pare Monday's Gains to Close in Red After Fresh Strikes by US in Iran

After a record-breaking session on Monday, Japanese shares saw weak trade on Tuesday to close in the red as fresh strikes by the US military in Iran dampened optimism over a possible peace deal.The Nikkei 225 closed down 162.10 points or 0.3% at 64,996.09.The US forces attacked missile launch sites and mine-laying vessels in southern Iran, calling them "self-defense" strikes.In response, a senior spokesperson for Iran's Armed Forces, Abolfazl Shekarchi, said any new aggression against Iran will be met with a "far more severe" response that extends beyond the region, news reports said.Amid the escalation of the conflict, investor sentiment was also high due to the rebound in global oil prices, as Brent crude rose back to $98 a barrel.On the domestic front, in a move aimed at easing market anxieties over the nation's finances, the Japanese government will fund its extra budget without increasing bond issuance on a calendar basis, Bloomberg News reported Tuesday, citing Prime Minister Sanae Takaichi.Another Bloomberg News report on Tuesday quoted finance ministry data to show that Japan slipped behind China to be the world's third-largest creditor nation in 2025, despite posting a record high in its overseas assets.Also, the Nikkei reported on Tuesday that Japan's small and midsize enterprises are struggling with severe shortages of materials like naphtha due to the prolonged conflict in Iran, revealing a growing strain on their operations.On the corporate side, Mitsubishi Electric (TYO:6503) and Chiba Institute of Technology have entered into a three-year agreement to collaborate on the development of native physical AI technologies.Japanese engineering firm Chiyoda's (TYO:6366) was up nearly 4% on Tuesday after it was set to restart work on a liquefied natural gas facility in Qatar, a joint project with France's Technip Energies, Nikkei Asia reported Tuesday.

Nikkei 225TYO:6366TYO:6503

Asia50d ago

Market Chatter: Wiwynn Positive on 2026 Outlook on AI Orders, Data Center Demand

Wiwynn (TPE:6669) expects business performance to be solid throughout 2026, driven by sustained artificial intelligence orders and strong hyperscale data center demand, Taipei Times reported Monday, citing CEO William Lin.The cloud computing equipment supplier's first-quarter revenue surged 62% on year to NT$276.5 billion, reflecting robust hyperscale spending.Momentum in the first three months of 2026 was driven by strong shipments for platforms based on graphics processing units, CPUs, application-specific integrated circuits, server solutions, and storage applications, Lin reportedly told the media after the company's annual general meetingShares of Wiwynn dropped nearly 6% in Tuesday's midday trade.(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.)

TPE:6669

Asia50d ago

China Medical Equipment Procurement Drops 32% in April, Jefferies Reports

Medical equipment procurement in Chinese hospitals fell 32% year-over-year in April, driven by the impact of a demanding comparison base in the first quarter of 2025 and volume-based procurement policies, Jefferies said in a note Monday.The April decline marks a deepening slowdown from the 14% drop in the first quarter of 2026.United Imaging Healthcare's (SHA:688271) hospital procurement sales fell 47% in April due to the prior year's elevated baseline, Jefferies said.Amid the decline, domestic hospital equipment maker Shenzhen Mindray Bio-Medical Electronics (SHE:300760) saw a 15% sales growth, especially in the ultrasound and patient monitoring and life support segments, during the month.GE Healthcare's China sales were in line with expectations. While the equipment maker forecasts lower sales in 2026, it sees a more stable China market, and Jefferies also expects improvement in 2027.

Shanghai Composite^SZSESHA:688271SHE:300760

Equities50d ago

ECB's Schnabel Says June Rate Hike 'Needed' to Combat Sustained Inflation Shock

The European Central Bank will likely need to raise interest rates at the upcoming June meeting amid a "much more persistent" inflation shock, according to ECB executive board member Isabel Schnabel."The shock is working its way through the economy and is shifting inflation away from our target over a significant period of time. Even if the war ended today, a lot of damage has already been done to energy infrastructure and global supply chains. So, even then, I believe that a monetary policy reaction would be needed," Schnabel told Reuters in an interview published Tuesday.As headline inflation in the euro area hit 3% and is projected to climb toward 4% by the end of 2026, Schnabel added that "looking through is no longer an option in my view." However, she maintained that the central bank remains "strictly data dependent" and will avoid pre-committing to a specific policy path past June.

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Asia50d ago

Xero Says AustralianSuper Stake Increases to 9.17%

Xero (ASX:XRO) said AustralianSuper's voting power in the firm increased to 9.17%, effective May 22, from 8.13% previously, according to a Tuesday Australian bourse filing.AustralianSuper now holds 15.6 million ordinary securities of the firm.

ASX:XRO

Asia50d ago

Ekansh Concepts CFO Resigns; Successor Named

Ekansh Concepts Ltd (BOM:531364) appointed Neha Beriwala as chief financial officer, effective June 1, according to a Monday filing on BSE.Shares of the company rose nearly 1% in Tuesday's trade.Beriwala will succeed Mahesh Kumar Birla, who resigned from the post effective May 30 citing personal reasons, the filing said.

BOM:531364

Asia50d ago

Shan Xi Hua Yang Group New Energy to Establish Branch for Coal Mine in Shanxi, China

Shan Xi Hua Yang Group New Energy (SHA:600348) plans to establish a branch to develop the Yujiazhuang mine field in Shanxi, China.The mine holds 624 million tons of coal reserves across 73.2 square kilometers, with a designed annual capacity of 5 million tons over a 51-year service life, according to a Tuesday filing with the Shanghai bourse.The new branch will handle permits, construction, production and operations.Shares of the coal producer declined 2% in recent trade.

SHA:600348

Asia50d ago

AXISCADES Technologies to Divest Engineering and Heavy Energy Services Business

Aerospace and technology engineering company AXISCADES Technologies (NSE:AXISCADES, BOM:532395) plans to transfer its engineering and heavy energy services business to digital engineering consulting company Akkodis in a $30.6 million deal, according to a Monday filing to the Indian stock exchanges.The transaction will include an additional performance-based earnout and will be payable in cash over a multi-year period.The move is aimed at helping the company to transition from a services-led organization to a focused aerospace manufacturing and products-led platform.The move is expected to be completed in the third quarter of 2027, subject to applicable regulatory clearances. The funds from the transaction will help the company build its Devanahalli Atmanirbhar Complex, the Missile Atmanirbhar Complex, and its pipeline of strategic acquisitions in higher-margin products and manufacturing capabilities.

BOM:532395NSE:AXISCADES

Asia50d ago

TruCap Finance Interim CFO Resigns; Shares Fall 3%

TruCap Finance (NSE:TRU, BOM:540268) said Interim Chief Financial Officer Vishal Miglani has resigned, effective May 24, according to an Indian bourse filing on Monday.Shares of the company fell nearly 3% in Tuesday's trade.Miglani will continue as senior vice president - business loans, cross sell, collaborations and strategy, the company said.

BOM:540268NSE:TRU

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US Markets50d ago

Singapore's April Manufacturing Output Surges 17.6% on AI Electronics Demand

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