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NH3 Clean Energy to Join Pilot Phase of Ammonia Energy Association's Ammonia Certification System; Shares Up 4%

NH3 Clean Energy (ASX:NH3) agreed to participate in the pilot phase of the Ammonia Energy Association's Ammonia Certification System, allowing the company to pre-certify the expected emissions profile of ammonia to be produced from its WAH2 project in Western Australia, according to a Friday filing with the Australian bourse.The Ammonia Certification System is designed to facilitate the transparent and trusted international trade of low-emission ammonia, demonstrating key environmental attributes through independently verified data, the filing said.Shares rose 4% in morning trade on Friday.

ASX:NH3

Asia55d ago

Market Chatter: Japan Governance Reform Changes Draw Investor Criticism

Investor concern is rising that Japan's corporate governance reforms may be losing momentum, potentially threatening a key driver of foreign inflows and the stock market rally, Bloomberg News reported Friday.Draft revisions to the Corporate Governance Code and proposed Companies Act amendments have drawn criticism from some investors, who say the changes favor corporate interests and weaken reform efforts, according to the report.AllianceBernstein Japan's Haruna Usui warned of a "reversal" in governance reform as companies push back against activist demands for higher shareholder returns, the report said.Investors have focused on whether companies would be required to improve cash management, though recent discussions suggest such measures may remain nonbinding, according to the report.Nomura Securities' Kazuya Nakagawa said the latest draft reduces compliance items and risks being viewed as a step backward, while Asian Corporate Governance Association co-founder Jamie Allen criticized the proposals for placing too little emphasis on capital management. Some investors, however, said shareholder pressure should continue to support governance reforms, 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.)

Nikkei 225

International55d ago

New Zealand Manufacturing Growth Slows in April Amid Weakening Demand, Says BusinessNZ

New Zealand's manufacturing sector showed only marginal growth in April, as weakening demand and production pointed to a clear slowdown amid rising global uncertainty and softer business conditions, BusinessNZ said on Friday.The BusinessNZ Performance of Manufacturing Index (PMI) for April fell to 50.5 on a seasonally adjusted basis from March's 52.8, indicating a slowdown in growth and sitting below the long-term average of 52.5.The proportion of respondents reporting adverse effects on their business performance rose to nearly 64%, up from 62% in March, with many attributing this to the impact of the war involving Iran, said Catherine Beard, BNZ's director of advocacy.Among the sub-indices, production fell to 51.7 from 53.4, finished stocks decreased to 50.5 from 53.8, employment increased to 53.4 from 51.8, deliveries declined to 46.5 from 49.6, and new orders fell to 48.2 from 55.Stephen Toplis, BNZ's head of research, said that PMI had remained "remarkably robust," with March's reading easing from previous months but still above the breakeven line.However, Toplis added that the April survey now suggests the anticipated downturn may have begun.

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Asia55d ago

China Gold's Q1 2026 Profit Jumps Amid 66% Rise in Revenue

China Gold International Resources (HKG:2099) recorded $234 million in attributable profit for the first quarter of 2026, rising from $85 million a year earlier, according to a Friday filing with the Hong Kong bourse.Earnings per share were $0.5902, compared with $0.2145 in the prior year period.Revenue rose 66% year on year to $453.2 million, figures showed.

HKG:2099

Asia55d ago

WuXi AppTec Plans 6.8 Billion Yuan Zero-Coupon Convertible Bond Issue

WuXi AppTec Co (HKG:2359, SHA:603259) plans to issue 6.78 billion yuan of USD-settled zero-coupon convertible bonds due 2027, according to a Friday Hong Kong bourse filing.The bonds will be convertible into Hong Kong-listed shares at an initial conversion price of HK$153 per share, representing a premium of about 17.6% to the stock's closing price on May 14.Assuming full conversion, the bonds would convert into about 51.1 million new Hong Kong-listed shares, representing roughly 10.02% of the company's existing Hong Kong-listed share capital and about 1.71% of its total issued share capital.Net proceeds of about $1.02 billion will be used for global capacity and capability expansion, with the remainder for general corporate purposes.The bonds are expected to be listed on the Vienna Stock Exchange, subject to regulatory approvals and completion conditions, the filing said.

HKG:2359SHA:603259

Asia55d ago

ClearView Wealth Secures ACCC Clearance on Proposed Acquisition by Financial Services Firm; Shares Reach Over Three-Year High

ClearView Wealth (ASX:CVW) said the Australian Competition and Consumer Commission (ACCC) ruled that the proposed acquisition of all of its shares by Zurich Financial Services Australia through a members' scheme of arrangement may be put into effect, according to a Friday filing with the Australian bourse.Implementation of the scheme, under the scheme implementation deed between Zurich Financial Services and the company, remains subject to other conditions, including Australian Prudential Regulation Authority approval, shareholder approval, and court approval, the filing said.Company directors unanimously recommended that shareholders vote in favor of the scheme in the absence of a superior proposal and subject to the independent expert continuing to conclude that it is in the best interests of shareholders.ClearView Wealth shares rose 2% in morning trade on Friday and earlier reached their highest since September 2022.

ASX:CVW

Asia55d ago

Nexon's Profit Surges 118% in Q1

Nexon's (TYO:3659) profit attributable to owners of the parent soared 118% to 57.23 billion yen for the first quarter from 26.27 billion yen a year earlier.Shares of the company were down 11% in morning trade Friday.The video game company's earnings per share increased to 72.02 yen from 32.07 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue jumped 34% to 152.23 billion yen for the three months ended March 31 from 113.93 billion yen in the prior-year period.For the first half, the company expects attributable profit in the range of 73.3 billion to 80.4 billion yen, basic EPS of 92.64 to 101.60 yen, and revenue of 259.2 billion to 271.9 billion yen.Nexon plans to pay interim and year-end dividends of 30.00 yen per share each for the year.

TYO:3659

Asia55d ago

Rumble Resources Sells 50% Interest in Western Australia Project

Rumble Resources (ASX:RTR) said it and joint venture partner AIC Mines (ASX:A1M) have agreed to sell their respective interests in the Lamil project in Western Australia to Aventine Resources, according to a Thursday Australian bourse filing.Total consideration is AU$500,000 in cash, Aventine shares worth AU$600,000, and an aggregate 1% net smelter return royalty, with Rumble's share comprising AU$250,000 in cash, Aventine shares worth AU$300,000, and a 0.5% net smelter return royalty, the filing added.Completion is conditional on satisfaction of certain conditions, including heritage assignment and ASX and IPO-related confirmations by Aventine, it added.AIC Mines' shares fell 2% in recent Thursday trade.

ASX:A1MASX:RTR

Asia55d ago

Market Chatter: Itochu Eyes 40% Stake in US Licensing Startup Octas to Tap Anime Merchandise Demand

Itochu (TYO:8001) is eyeing a 40% stake in Octas, a San Francisco-based startup focused on character licensing, Bloomberg News reported on Friday, citing unnamed sources.After the investment, Octas will license Japanese characters and partner with North American manufacturers and retailers on product development, the publication said, citing people familiar with the private discussions.Itochu has already worked with Octas to bring popular figures like "Opanchu Usagi" to global markets, the report said.The company now plans to use Octas' network of North American producers and stores to build a durable market presence beyond isolated successes, it added.Itochu did not reply to MTNewswire's query at press time.(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:8001

Asia55d ago

Market Chatter: US Approves Sale of Nvidia's H200 Chips to China, But Zero Deliveries Made

Despite U.S. clearance for 10 Chinese companies, including Alibaba Group (HKG:9988), Tencent Holdings (HKG:0700) and ByteDance to buy Nvidia H200 chips, zero deliveries have been made to date, Reuters reported Thursday. citing three people familiar with the matter.While the U.S. Commerce Department approved sales of up to 75,000 units per company, Beijing has reportedly told local companies to stall purchases.Other companies that secured licenses to buy Nvidia chips include JD.com (HKG:9618), Lenovo (HKG:0992) and Hon Hai Precision Industry (TPE:2317) or Foxconn, the report said.Nvidia CEO Jensen Huang expects U.S. President Donald Trump and Chinese President Xi Jinping to build on their good relationship during the US-China summit to improve ties, Huang told Chinese state broadcaster CCTV on Thursday.(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.)

HKG:0700HKG:0992HKG:9618HKG:9988TPE:2317

Asia55d ago

Japanese Equities Climb After US Benchmark Hit Record Highs

Japanese stocks rose in the early session on Friday, tracking US benchmarks that reached all-time highs, driven by a surge in artificial-intelligence-related news and stellar earnings.The Nikkei 225 rose 224.7 points or 0.4% to 62,878.71 at the open, following the S&P 500's record-breaking close above 7,500 points overnight.Elsewhere in Asia, market focus will shift to Taiwan following the conclusion of US President Donald Trump's visit to China, with the status of Taiwan becoming a central point of contention.On the geopolitical front, Trump has indicated that Beijing is open to backing negotiations with Iran, as he seeks a diplomatic solution to halt the ongoing conflict and reopen the Strait of Hormuz.

Nikkei 225

Asia55d ago

American Tungsten & Antimony Requests Trading Halt Ahead of Capital Raise

American Tungsten & Antimony (ASX:AT4) has requested an immediate trading halt in its securities from the start of trading on Friday, pending an upcoming update regarding a proposed capital raising, according to a same-day Australian bourse filing.The company has requested that the halt remain in place until the update is released or trading begins on May 19, whichever occurs first, the filing added.

ASX:AT4

Asia55d ago

Kirin Holdings' Profit Edges Up 11% in Q1; Shares Gain 4%

Kirin Holdings' (TYO:2503) profit attributable to owners of the parent rose 11% to 27.08 billion yen for the first quarter from 24.34 billion yen a year earlier.Shares gained over 4% in morning trade Friday.The beverage company's basic earnings per share increased to 33.46 yen from 30.05 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue climbed 5% to 573.03 billion yen for the three months ended March 31 from 545.85 billion yen in the prior year.For the year ending Dec. 31, the company expects attributable profit of 156.00 billion yen, basic EPS of 193 yen, and revenue of 2.480 trillion yen.Kirin Holdings forecasts interim and year-end dividends of 38 yen per share, each, for the year, higher than the 37 yen per share declared in the year-ago period for each of the second and fourth quarters.Kirin Holdings shares gained 2.8% in early trade.

TYO:2503

Asia55d ago

Civmec Posts Higher Revenue, EBITDA in March Quarter; Shares Up 6%

Civmec (ASX:CVL) posted revenue of A$244.2 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of AU$27.8 million during the quarter ended March 31, according to a Friday filing with the Australian bourse.The company reported revenue of AU$158.5 million and EBITDA of AU$19.2 million in the same time last year, an earlier filing showed.Net profit for the quarter was AU$13.5 million, the filing said.Net profit during the previous corresponding period was AU$8 million.Civmec shares rose 6% in morning trade on Friday.

ASX:CVL

Asia55d ago

Toubani Resources Secures Over $73 Million Financing Commitment for Mali Gold Mine

Toubani Resources (ASX:TRE) has secured a $73.3 million senior secured project finance commitment led by Coris Bank International's Mali unit to fund construction of its Kobada gold mine in Mali, subject to regulatory approvals and final documentation, according to a Friday Australian bourse filing.The debt forms part of a broader financing package that also includes a planned $10.2 million mezzanine facility currently being finalized and a gold streaming arrangement with Eagle Eye Asset Holdings, per the filing.The company is working with lenders to finalize documentation and optimize its funding structure, supported by a strong cash position of AU$124.2 million as of March 31, which provides added financial flexibility for development, the filing added.

ASX:TRE

International55d ago

South Korea's Export, Import Prices Jump in April

South Korea's export prices rose 40.8% year-over-year in April, while import prices gained 20.2%, according to preliminary data from the Bank of Korea released on Friday.On a month-on-month basis, the export price index increased 7.1%, while the import price index declined 2.3%, the data showed.The net barter terms of trade index gained 14.3% on-year during the month.

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Asia55d ago

Racura Oncology Receives Clearance to Advance Dose Level in Phase One Cardioprotection, Anticancer Synergy Trial

Racura Oncology (ASX:RAC) received clearance from the Safety Review Committee to advance the RC220 dose in the first-phase Cardioprotection and Anticancer Synergy trial to the next designated dose level of 80 milligrams per square meter, according to a Friday filing with the Australian bourse.RC220 is the company's formulation of the anticancer agent (E,E)-bisantrene.The approval comes following confirmation that the drug showed an acceptable safety profile, with no dose-limiting toxicities or safety concerns noted during the observation period for the first three group one patients dosed at 40 milligrams per square meter, the filing said.

ASX:RAC

Asia55d ago

Taisei's Net Income Jumps 37% in Fiscal Year 2025

Taisei's (TYO:1801) net income attributable to owners of the parent jumped 37% to 170.00 billion yen for the fiscal year 2025 from 123.82 billion yen a year earlier.The construction company's net income per share increased to 1,025.53 yen from 682.78 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales slipped 3% to 2.089 trillion yen for the period ended March 31 from 2.154 trillion yen in the prior year.Taisei declared a final dividend of 185 yen per share, payable from June 24.For the fiscal year 2026, the company expects attributable profit of 151.00 billion yen, EPS of 926.01 yen, and net sales/revenue of 2.420 trillion yen.Taisei plans to pay interim and year-end dividends of 190 yen per share, each, for the year, which is higher than the amounts declared in the previous fiscal year.

TYO:1801

Asia55d ago

ASX Preview: Australian Shares Set to Rise as Oil Steadies; Alkane Resources Posts Higher Fiscal Q3 Earnings, Revenue

Australian shares are poised to rise on Friday as oil prices held steady near recent highs, with Brent crude around $106 a barrel, after reports of limited but disrupted shipping through the Strait of Hormuz kept geopolitical supply risks elevated despite mixed signals on global demand and interest rate concerns.Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 0.8%, while the Nasdaq Composite gained 0.9%.In the macroeconomy, investors are eyeing the release of the Melbourne Institute consumer inflation expectations report.In corporate news, Alkane Resources (ASX:ALK) reported Friday fiscal third-quarter earnings of AU$0.0675 per share on revenue of AU$274.4 million, compared with earnings of AU$0.0132 on revenue of AU$63.2 million a year earlier.Billionaire Olivier Goudet and Luxembourg's Platin have increased their stake in Treasury Wine Estates (ASX:TWE), with voting power rising to 9.04% from 8.14%.Australia's benchmark index rose 0.1% or 10.3 points to close at 8,640.70 on Thursday.

ASX 200ASX:ALKASX:TWE

Asia55d ago

Pacific Edge Secures Medicare Local Draft Coverage Determination for Cxbladder Tests for Hematuria, Shares Hit Three-Year High

Pacific Edge (ASX:PEB, NZE:PEB) said a draft local coverage determination (LCD) establishing hematuria evaluation as a covered Medicare benefit has been published, with explicit coding guidance for its Cxbladder Triage and Triage Plus tests, according to a Friday Australia and New Zealand bourse filing.The company said the draft LCD distinguishes hematuria patients as eligible for Cxbladder Triage and Triage Plus, contrasting with an existing non-coverage LCD for patients with cancer or substantiated suspicion of cancer."The draft LCD and LCA confirm our position as the first mover and market leader in non-invasive diagnostics for microhematuria patients suspected of bladder cancer, and Pacific Edge now stands on the cusp of a major commercial inflection point with the only two tests covered for microhematuria evaluation," said Chief Executive Peter Meintjes.While an LCD, when finalized, directly enables reimbursement for over 66 million Medicare patients, the company said the draft coverage language also provides a template for US commercial payers covering 223 million patients, with the news expected to provide a tailwind to international market adoption, the filing added.The draft LCD begins a notice and comment period of at least 45 days, with Novitas, a Medicare administrative contractor, required to publish a final version or withdraw the draft within 12 months, with the LCD becoming effective 45 days after finalization, it added.The company's New Zealand shares rose 40% in recent Friday trade, their highest since May 2023.

ASX:PEBNZE:PEB

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