Financial News · Live Terminal

Page 1353 of 2650

Enterprise Singapore, Singapore Business Federation Launch Financial Advisory Platform

Enterprise Singapore and the Singapore Business Federation launched the Centre for Enterprise Financing Advisory (CEFA) to serve as a one-stop platform designed to help businesses make informed funding choices and connect with financing partners, according to a release on Monday.Through the platform, enterprises will be given access to tools and training programs to improve their financial capabilities.

^STI

Asia52d ago

Northern Minerals Welcomes Australian Treasurer's Share Disposal Orders; Shares Jump 22%

Northern Minerals (ASX:NTU) said it welcomes the Australian Treasurer's disposal orders related to around 1.68 billion shares held by six foreign shareholders, according to a Tuesday filing with the Australian bourse.The Treasurer has ordered the foreign shareholders, which include Hong Kong Ying Tak, Real International Resources, Qogir Trading & Service, Chanoyu Cong, Vastness Investment Group, and Zhongxiong Lin, to divest part or all of their holdings in Northern Minerals by July 2."Maintaining a transparent share register aligned with Australia's national security interests is critical to Northern Minerals' ability to secure funding and advance [the] Browns Range [heavy rare earths project]," said Executive Chair Adam Handley.The company is evaluating the impact of the disposal orders on the proposed timing of its next annual general meeting.Shares of Northern Minerals jumped 22% in recent Tuesday trade.

ASX:NTU

Asia52d ago

Market Chatter: Samsung Electronics, Labor Union Narrow Gaps in Strike Talks; Shares Decline 4%

Samsung Electronics (KRX:005930) and its largest labor union managed to narrow some differences in their fresh talks that resumed Monday, ⁠Yonhap Infomax reported Tuesday, citing the chairman of the National Labor Relations Commission.The court granted Samsung Electronics' request to limit potential union strike actions, lowering the risk of major disruptions in chip production. The ruling bars certain activities, including occupying company facilities, Bloomberg reported Monday.The labor union has threatened an 18-day strike, scheduled to begin Thursday, if demands are unmet. This has raised concerns over global supply chains, given the firm's key role in chip production. The dispute reflects broader labor tensions as workers seek a larger share of profits from the AI-driven chip boom, following failed mediation, the report said.Shares of Samsung Electronics fell by over 4% in recent 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.)

KRX:005930

Asia52d ago

Latrobe Magnesium Advances Development of Victoria Plant

Latrobe Magnesium (ASX:LMG) continued to progress its phase 1b installation and commissioning activities at its stage one demonstration plant in Victoria, according to a Tuesday filing with the Australian bourse.The company met structural and mechanical installation targets across the briquetting and reduction furnace areas, the filing said.The company expects initial magnesium metal production in the second half of the year, per the filing.

ASX:LMG

Asia52d ago

Jasic Technology Investee Company Starts Trading on Hong Kong Bourse

Shenzhen Jasic Technology (SHE:300193) investee company Robotphoenix Intelligent Technology (HKG:6871) started trading on the Hong Kong Stock Exchange on Monday, according to a same-day filing with the Shenzhen bourse.Robotphoenix Intelligent Technology raised HK$672.9 million in net proceeds from its initial public offering in Hong Kong.Company subsidiary JASIC Robot Automation Equipment holds a 2.30% stake in Robotphoenix Intelligent Technology.

SHE:300193

Asia52d ago

CSPC Pharma Secures China Approval for Advanced Cancer Drug Trial

CSPC Pharmaceutical (HKG:1093) received approval from China's National Medical Products Administration for clinical trials of its SYH2095 tablets for advanced malignant tumors, according to a Monday Hong Kong bourse filing.Shares of the drugmaker were down over 1% in Tuesday morning trade.The drug is a highly selective lysine acetyltransferase 6, or KAT6, inhibitor co-developed with Hangzhou Innogate Pharma, the filing said.

HKG:1093

Asia52d ago

Benz Mining Confirms Widespread Tungsten Mineralization at Western Australia Mining Lease; Shares Up 3%

Benz Mining (ASX:BNZ) said widespread tungsten mineralization was confirmed across the entire 12 kilometers of the Glenburgh mineralized corridor within the mining lease in Western Australia, according to a Tuesday Australian bourse filing.Elevated tungsten concentrations were observed via routine inductively coupled plasma mass spectrometry analysis, closely associated with gold mineralization across the entire system, per the filing.A high-grade gold intercept of 79 meters at 4.4 grams per tonne grade of gold from 534 meters contained internal tungsten intervals of 26 meters at 0.2% grade of tungsten oxide, the company said.Benz Mining's shares fell nearly 3% in recent trading on Tuesday.

ASX:BNZ

Asia52d ago

NZX Midday Sector Update: Health Technology Rises, Consumer Durables Tank

Health technology stocks gained the most on New Zealand's Exchange, rising nearly 3% by midday Tuesday.Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) shares climbed 3% in recent trade.On the other hand, consumer durables shares fell more than 3%.KMD Brands (NZE:KMD, ASX:KMD) shares slid past 3% in recent trade.

^NZ50ASX:FPHASX:KMDNZE:FPHNZE:KMD

Asia52d ago

China Wantian, B.Duck Semk Units Set Up Cultural Tourism Venture

China Wantian (HKG:1854), through its indirect wholly owned subsidiary, formed a joint venture with a unit of B.Duck Semk (HKG:2250) to develop integrated cultural and commercial tourism projects in China, a Monday Hong Kong bourse filing said.Shares of Wantian fell almost 5% in recent trade.Under the agreement, the joint venture will be owned 55% by China Wantian's Shenzhen Wantian Industrial Innovation unit and 45% by the B.Duck Semk subsidiary.The venture will focus on investment, development, and operation of IP-themed cultural tourism projects in China, and will have an initial registered capital of 500,000 yuan.

HKG:1854HKG:2250

Asia52d ago

Lens Technology Moves to Acquire Ju Teng International

Lens Technology (HKG:6613, SHE:300433) is offering to acquire Ju Teng International (HKG:3336) for HK$2.20 per share in cash following a deal to build a substantial stake in the business, according to a Monday filing with the Hong Kong bourse.Shares of the notebook casing maker fell over 22% in Tuesday morning trade. Shares of Lens Technology fell nearly 1%.Lens Technology agreed to acquire 333.7 million shares of the company from Cheng Li-Yu and individuals and entities associated with the Ju Teng chief executive for HK$2.20 per share, or HK$734.2 million in total.The shares to be acquired represent 27.81% of Ju Teng, and Lens Technology has offered to acquire the rest of the business on the same terms, conditional upon completion of the share purchase.Ju Teng said it had set up an independent board committee to advise shareholders on the offer.

HKG:3336HKG:6613SHE:300433

Asia52d ago

Atomic Eagle Agrees to Acquire Zambia Project

Atomic Eagle (ASX:AEU) agreed to acquire 100% of the Sitwe project in Zambia under a binding option agreement, according to a Tuesday filing with the Australian bourse.The company must incur a minimum of $200,000 in exploration and license-related expenditure before June 30, 2027, and may then exercise the option to acquire the license for $400,000 in cash, the filing said.The company is planning its initial Sitwe work program, which will involve mapping and ground radiometrics to identify prospective areas for drill testing, per the filing.Shares fell 1% in morning trade on Tuesday.

ASX:AEU

Asia52d ago

WuXi XDC Announces $100 Million Share Buyback

WuXi XDC Cayman (HKG:2268) disclosed plans to buy back $100 million worth of shares, according to a Monday filing with the Hong Kong bourse.The contract research, development and manufacturing organization's shares gained nearly 6% in morning trade Tuesday.The company said its current share price does not reflect its intrinsic value, representing a good opportunity to conduct the buyback.

HKG:2268

International52d ago

Australian Consumer Confidence Rises as Inflation Expectations Ease

The ANZ-Roy Morgan Australian consumer confidence rose 2.3 points to 66.4 in the week of May 11 to May 17, ANZ reported Tuesday.The four-week moving average inched up 0.5 points to 66.4 points.Australian consumer confidence rose last week, with all subindices improving, but it remains near historically low levels since the series began in 1973, according to ANZ economist Sophia Angala.Weekly inflation expectations eased last week to their lowest level since early March, though they remain elevated, reflecting persistent pressure from higher fuel prices and the risk of second-round effects feeding through the broader economy, Angala added.Weekly inflation expectations fell to 6% from 6.4%, while the current financial condition indicator for 12 months rose 2.1 points to 60.4. The future financial conditions for the next 12 months increased to 75 points from 74.Short-term economic confidence for the next year rose 2.2 points to 58.1, while medium-term economic confidence for the next five years increased to 74.2 points from 71.8.The "time to buy a major household item" subcategory rose 3.8 points to 64.1.

ASX 200

International52d ago

Market Chatter: India Mulls Raising Import Duty on Vegetable Oils

India is said to be looking at raising import duties on vegetable oils at the request of the domestic players, according to a Bloomberg report on Tuesday, citing sources.India is a major importer of vegetable oil, as it imports about 60% of its edible oil needs, the report said.The government is now evaluating whether higher taxes would help local farmers to get higher prices for their crops, said the sources cited in the report, adding that no decision on the matter has been taken yet.The discussion comes amid a series of measures being taken by the Indian government to restrict foreign exchange outflows to protect the weakening rupee and forex reserves.Prime Minister Narendra Modi recently requested citizens to restrict their purchase of imported goods such as vegetable oils, fertilizers, gold, and crude oil, to conserve foreign exchange.(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

Asia52d ago

Xpeng Rolls Out First Mass-Produced Robotaxi in China

Xpeng (HKG:9868) rolled out its first mass-produced Robotaxi from its Guangzhou facility, according to a Monday press release.The new Robotaxi, built on Xpeng's GX platform, is the first autonomous taxi in China to enter mass production with a fully self-developed hardware and software stack, according to the automaker.The company plans to begin pilot Robotaxi operations in the second half of 2026 and aims to achieve fully autonomous operations without on-site safety officers by early 2027.

HKG:9868

International52d ago

China Logs Forex Settlement of $257 Billion in April

Chinese banks settled $257.3 billion and sold $217.2 billion in foreign exchange in April, according to a Monday news release with the State Administration of Foreign Exchange.Banks' forex receipts on behalf of clients totaled $832 billion, while forex payments reached $770 billion.From January to April, banks cumulatively settled $1.024 trillion and sold $844.9 billion in forex. Banks' cumulative forex receipts on behalf of clients reached $3.038 trillion, and cumulative foreign exchange payments totaled $2.890 trillion.

Shanghai Composite^SZSE

Asia52d ago

South Korea's Kospi Opens Lower as Rising Crude Oil Prices Stoke Inflation Fears

South Korean shares opened lower on Tuesday as a Wall Street tech slump and rising crude oil prices, driven by stalled US-Iran negotiations, raised inflation fears.The benchmark Korea Composite Stock Price Index, or Kospi, fell 1.2%, or 90.38 points, to open at 7,425.66. The Kosdaq increased marginally to open at 1,111.36.Major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and Hyundai Motor (KRX:005380) were trading 3.2%, 3%, and 8.1% lower in Tuesday morning trade.West Texas Intermediate crude futures climbed back to $107 a barrel on Monday, while Brent crude increased closer to $111, as uncertainty over US-Iran negotiations renewed concerns over its impact on supply disruptions in global energy markets.Prospects for an agreement have dimmed after reports said Iran's revised proposal fell short of US expectations. Washington considers the plan inadequate to secure a deal that would end the Middle East conflict and restore normal shipping, while Iranian officials argue US demands remain overly stringent.The Dow Jones Industrial Average gained 0.32%, while the broader S&P 500 inched down 0.07% and the tech-laden Nasdaq Composite fell 0.51%.

^KOSDAQKOSPIKRX:000660KRX:005380KRX:005930

International52d ago

Australia's Near-Term Underlying Inflation Revised Higher Due to Oil Price Shock, RBA Assistant Governor Says

Australia's near-term underlying inflation has been revised higher due to the oil price shock, adding roughly 0.4 percentage points to underlying inflation by the March quarter 2027, Sarah Hunter, assistant governor at the Reserve Bank of Australia, said on Tuesday during a speech at the Bloomberg Forum for Investment Managers in Sydney, New South Wales.Inflation was already high before the conflict due to domestic capacity pressures and labor constraints, and the conflict has further disrupted global oil and gas markets, adding a major external shock to the economy.Domestic petrol prices peaked at a 36% increase, while diesel prices rose even higher and remain elevated.Driven by direct fuel costs, headline inflation is now forecast to peak at 4.8% in the June quarter, a significant upward revision from previous February forecasts.With a global oil shock on top of pre-existing domestic capacity constraints, the Monetary Policy Board raised the cash rate to 4.35% in its most recent meeting.

ASX 200

Asia52d ago

US Jury Orders Takeda to Pay $885 Million in AMITIZA Antitrust Case; Takeda Plans Appeal

A U.S. jury has returned a verdict against Takeda Pharmaceutical (TYO:4502) in the AMITIZA antitrust litigation, awarding plaintiffs $884.9 million in single damages, with portions subject to automatic trebling under U.S. antitrust law.The case consolidates claims from wholesalers, retailers, and end payors, who alleged that a 2014 patent settlement between Takeda, Sucampo, and Par Pharmaceutical was anticompetitive, according to a statement on Tuesday.Takeda maintains the settlement was reached through proper arms-length negotiation under the Hatch-Waxman framework and allowed Par to launch an authorized generic years before patents expired.The company has stated it will vigorously pursue post-trial motions and an appeal, citing evidentiary and legal errors during the trial.While the verdict is not yet enforceable, Takeda is assessing the financial provision for its fiscal 2025 statements but does not expect a material impact on its fiscal 2026 core financial forecast.

TYO:4502

Asia52d ago

StanChart's Zodia Custody Integration Proposal Accepted by Digital Custodian's Stakeholders

Standard Chartered (HKG:2888) said its non-binding offer to acquire Zodia Custody was accepted by the shareholders and noteholders of the digital asset custodian, according to a statement Monday.The proposal involves moving Zodia's crypto custody activities into the bank's corporate and investment banking unit, where similar services are already offered.Meanwhile, Zodia will separate its institutional digital asset infrastructure platform business to an independent entity called Zodia Solutions that will operate under SC Ventures.StanChart's shares rose 1% in recent trade.

HKG:2888

Showing 27041-27060 of 52992