Financial News · Live Terminal

Page 15 of 2949

China Vanke Secures Up to 519 Million Yuan Loan From Shenzhen Metro

China Vanke (HKG:2202, SHE:000002) secured a loan of up to 519 million yuan from substantial shareholder Shenzhen Metro and agreed to pledge 519 million yuan of accounts receivable as collateral, according to a Tuesday Hong Kong bourse filing.The loan carries a floating interest rate of the one-year loan prime rate minus 71 basis points, equivalent to 2.29% as of the announcement date, and matures within three years from the first drawdown.The proceeds will be used to repay outstanding bond principal and interest, as well as other designated debt obligations.Shenzhen Metro Group owns about 27.18% of China Vanke, according to the filing.

HKG:2202SHE:000002

Asia8h ago

Polymetals Resources Identifies High-Grade Gold Mineralization at New South Wales Mine; Shares Up 6%

Polymetals Resources (ASX:POL) identified high-grade mineralization during its ongoing underground diamond drilling program targeting the upper Main Lode at the Endeavor Mine in New South Wales, according to a Wednesday Australian bourse filing.The results were up to 96.6 meters at 604 grams per tonne silver equivalent, comprising 390 grams per tonne silver, 8.8% zinc and 5.4% lead.The drilling confirmed continuity of high-grade mineralization adjacent to existing underground development while an updated mineral resource estimate is targeted for release in later 2026, the filing added.The company's shares rose past 6% in recent Wednesday trade.

ASX:POL

Asia8h ago

Dusk Group Sold Thousands of Non-Compliant Button Battery Products, ACCC Alleges in Federal Court Proceedings; Shares Fall 6%

Dusk Group (ASX:DSK) allegedly sold more than 66,000 button battery products between May 2023 and December 2024 that did not comply with mandatory safety and information standards, the Australian Competition and Consumer Commission (ACCC) said Wednesday as it launched Federal Court proceedings against the company.The ACCC claims that Dusk breached both Australian consumer law and a court-enforceable undertaking it provided to the regulator in April 2023.The products allegedly in violation of the standards include candles, diffusers, tealights, snow globes, and other LED products, posing the risk of injury or death if the button batteries were swallowed by children, the ACCC said.It alleges that 25 of the product lines sold were not tested before being supplied to consumers, while four product lines did not include required safety warnings.The regulator is seeking declarations, penalties, costs, and an order requiring Dusk to pay an amount that reflects profits from the alleged breaches.In response to the court proceedings, Dusk Group said it takes product safety seriously and has cooperated fully with the ACCC's investigation. The company added that it has not identified any reports of harm to customers so far.The company's shares fell 6% in recent Wednesday trade.

ASX:DSK

International8h ago

China's Oil, Gas Output Hits Record 420 Million Tonnes in 2025

China's total oil and gas production reached a record 420 million tonnes of oil equivalent in 2025, according to the National Energy Administration on Tuesday.Crude oil output hit an all-time high of 216 million tonnes, while natural gas production rose by over 10 billion cubic meters for the ninth straight year. Shale oil output surpassed 8.5 million tonnes, over 10 times the 2018 figure.The surge follows a seven-year action plan that drove record reserves and output.In 2026, the sector will launch a new strategic exploration campaign to maintain crude above 200 million tonnes and further boost natural gas production.

Shanghai Composite^SZSE

Asia8h ago

Market Chatter: HSBC Integrates Seven Hong Kong Departments With Hang Seng Bank

HSBC (HKG:0005) is consolidating seven functional departments across the lender and Hang Seng Bank as part of a restructuring of its Hong Kong operations, The Standard reported Tuesday, citing its sister publication Sing Tao Daily.Under the overhaul, Hang Seng executives will head six of the seven combined departments, with each integrated unit overseen by a single department head reporting directly to HSBC's senior management for the Hong Kong market.The integrated functions include corporate communications, company secretarial and corporate governance, risk and compliance, information technology, internal audit, finance, and the chief operating office, the report said.HSBC 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.)

HKG:0005

Asia8h ago

Market Chatter: GigaAI Targets Hong Kong IPO in 2026

Beijing-based startup Jijia Vision, also known as GigaAI, is planning an initial public offering on the Hong Kong Stock Exchange as soon as this year, Bloomberg News reported Tuesday, citing founder and CEO Huang Guan on the sidelines of the World Artificial Intelligence Conference in Shanghai.The Chinese company is also nearing completion of a funding round that would value it at $3 billion, which Huang said would make it China's most valuable startup focused on AI world models, according to the report.Established in 2023, GigaAI builds world models for applications across robotics, video games and self-driving cars, 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.)

Hang Seng

Asia8h ago

Shandong Gold Mining Declares 2026 Interim Cash Dividend

Shandong Gold Mining Co (HKG:1787, SHA:600547) proposed an interim cash dividend of 1 yuan per 10 shares for 2026, with no bonus shares or capitalization of capital reserves, according to a Tuesday Hong Kong exchange filing.Based on the company's current share capital of 4.61 billion shares, the proposed dividend will total about 461 million yuan.The payout represents 34.84% of first-quarter net profit attributable to ordinary shareholders after deducting perpetual bond interest, the filing showed.

HKG:1787SHA:600547

Asia8h ago

Alpha HPA Advances Works on Queensland Projects in June Quarter

Alpha HPA (ASX:A4N) advanced works for the delivery and expansion of the HPA First and Alpha Sapphire projects in Queensland in the quarter ended June 30, according to a Wednesday filing with the Australian bourse.The company is currently producing high-purity aluminum materials at its HPA First stage one facility, which supplies production-scale test materials for the customer qualification process, the filing said.Additionally, it supports current customers with small-scale sales before the start of stage two, which is under construction at the same site.The company also continued sapphire sales to the sapphire optics sector and expanded sapphire wafer orders to support semiconductor qualification, per the filing.

ASX:A4N

Asia8h ago

Shenzhen JLC Technology to Hold Shenzhen IPO Online Roadshow Thursday

Circuit board manufacturer Shenzhen JLC Technology (SHE:001232) will host an online investor roadshow on Thursday ahead of its initial public offering on the Shenzhen Stock Exchange's main board.The IPO will consist of 55.6 million shares, accounting for 10% of the company's share capital post-IPO, according to a bourse filing on Wednesday.Of the total, 11.1 million shares, or 20% of the offering, will be allocated to asset management plans for senior management, core employees, and strategic investors.The offline offering portion will consist of 31.1 million shares, while the online retail offering will cover 13.3 million shares.The final issue price will be determined through a preliminary offline inquiry process.

SHE:001232

Asia8h ago

Market Chatter: SoftBank-Backed InMobi Hires Banks for $1 Billion IPO

InMobi has appointed JPMorgan Chase, Jefferies Financial, Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247) unit Kotak Mahindra Capital and Axis Capital as bookrunners for an initial public offering expected to raise about $1 billion, Bloomberg News reported Tuesday, citing people familiar with the matter.The SoftBank (TYO:9984)-backed Indian consumer technology company is expected to begin the IPO process later this week, targeting a valuation of $5 billion to $6 billion, the report said.InMobi is also relocating its domicile to India from Singapore ahead of the planned listing, although the plans remain subject to change, according to Bloomberg.InMobi, JPMorgan, Jefferies, Kotak Mahindra Capital and Axis Capital did not immediately respond to' requests 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.)

BOM:500247NSE:KOTAKBANKTYO:9984

Asia8h ago

JR Global REIT Subsidiary Receives Audit Disclaimer Over Belgian Asset Valuation Dispute

JR Global REIT (KRX:348950) external auditor Deloitte Bedrijfsrevisoren issued a disclaimer of opinion on the 2025 financial statements of key subsidiaries Finance Tower Belgium NV and Tour des Finances NV, according to a Korea bourse filing on Tuesday.The audit decision follows a dispute over a late-2025 appraisal of the Finance Tower, which comprises about 96% of the subsidiary's assets, after a valuation by the lender group's expert showed a significant discrepancy from prior figures.The subsidiary has "strongly objected" and is taking legal action, JR Global said.Deloitte withheld an opinion due to the magnitude and significance of uncertainty regarding the subsidiary's going-concern status, borrowing agreement compliance, and debt repayment capacity, according to the filing.

KRX:348950

Asia8h ago

Hong Kong Stocks Slip at Open

Hong Kong stocks opened lower on Wednesday even as regional equities advanced after a tech-led rebound on Wall Street eased concerns over rising oil prices.The Hang Seng Index fell 0.6%, or 153.39 points, to 24,978.90, while the Hang Seng China Enterprises Index lost 0.9%, or 73.49 points, to 8,287.19.Asian markets climbed after Wall Street snapped a three-day losing streak as semiconductor stocks rebounded, supported by strong South Korean chip export data and better-than-expected Taiwanese export orders.Oil prices remained elevated after Yemen's Iran-aligned Houthis threatened attacks on Saudi shipping in the Red Sea.

Hang Seng

Asia8h ago

Update: SkyCity Entertainment Group Signs Non-Binding Deal to Sell New Zealand Hotel, Shares Up 8%

(Updates to add share movement in the headline and the fifth paragraph)SkyCity Entertainment Group (ASX:SKC, NZE:SKC) said it has entered into a non-binding heads of agreement to sell The Grand Hotel as part of its asset monetization program, according to a Wednesday filing with the Australian and New Zealand bourses.The proposed transaction is subject to the completion of due diligence, execution of definitive sale documentation, and approval from New Zealand's overseas investment office, per the filing.The company expects to receive cash proceeds from the sale in late 2026 if all conditions precedent are satisfied, the filing said.The company said the proceeds will be used to repay debt and improve its financial flexibility amid current market conditions, the filing added.The company's shares rose 8% in recent Wednesday trade.

ASX:SKCNZE:SKC

Asia8h ago

Market Chatter: Indian Oil, Mangalore Refinery Cancel Plans to Lift Iraqi Oil Amid Rising Tensions in Middle East

Indian Oil (NSE:IOC, BOM:530965) is said to have dropped its plan to take Iraqi oil from Basrah Oil Terminal amid the heightened tensions in the Middle East, leading to higher risks of attack on vessels transiting through the Strait of Hormuz, according to a Reuters report on Tuesday, citing sources.As per the report, the state-owned refiner was planning to lift 2 million barrels of Iraqi oil in the very large crude carrier Lila Jamnagar around July ⁠23.The sources cited in the report also said that Mangalore Refinery and Petrochemicals (NSE:MRPL, BOM:500109), another public sector refiner, has cancelled plans to lift oil from Iraq in the Indian Aframax tanker Desh Gaurav.Both companies did not immediately respond to' request 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.)

BOM:500109BOM:530965NSE:IOCNSE:MRPL

Wire8h ago

Update: Lynas Rare Earths Fiscal Q4 Sales Revenue Jumps 70%; Shares Fall 6%

(Updates to add stock movement in the headline and the last paragraph)Lynas Rare Earths (ASX:LYC) reported fiscal fourth-quarter gross sales revenue of AU$288.9 million, up 70% from a year earlier and the highest quarterly revenue achieved since the fourth quarter of fiscal 2022, according to a Wednesday filing with the Australian bourse.The company also reported total rare earth oxide production of 3,481 tonnes for the three months ended June 30, up from 3,212 tonnes in the year-ago period, per the filing.Cash payments for capital expenditure, exploration, and development hit AU$27.8 million, compared with AU$88.1 million a year earlier.Lynas Rare Earths said it achieved production of its first Samarium oxide in March and expects to fulfill initial customer orders in the current quarter.The company's shares fell around 6% in recent Wednesday trade.

ASX:LYC

Asia8h ago

Tianjin Fuji-Ta Bicycle to Hold Shanghai IPO Online Roadshow Thursday

Bicycle maker Tianjin Fuji-Ta Bicycle Industrial (SHA:603468) will host an online investor roadshow on Thursday ahead of its initial public offering on the Shanghai Stock Exchange's main board.The IPO will consist of 41.2 million shares, accounting for 10% of the company's share capital post-IPO, according to a bourse filing on Wednesday.Of the total, 28.9 million shares, or 70%, will be allocated to institutional investors, while the remaining 12.4 million shares will be offered to retail investors online.The final issue price will be determined through a preliminary offline inquiry process.

SHA:603468

Asia8h ago

Market Chatter: Z.ai Completes 1 GW AI Data Centre Powered by Domestic Chips

Knowledge Atlas Technology (HKG:2513), also known as Z.ai, has completed a 1-gigawatt AI computing data center powered entirely by domestically produced chips, the South China Morning Post reported, citing people familiar with the matter.The Beijing-based company, formerly known as Zhipu, said the facility will support its GLM family of AI models, including its flagship GLM-5.2, and help ease computing bottlenecks and improve inference efficiency, according to the report.The report also said the company completed the acquisition of Chinese infrastructure software developer XCore Sigma, whose software helps improve AI chip utilization across different vendors and accelerates model deployment.(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:2513

Asia8h ago

LG Display Posts Second Consecutive Quarterly Losses

LG Display (KRX:034220) logged a net loss of 419 billion won for the second quarter compared with a net profit of 891 billion won a year earlier and a net loss of 576 billion won the previous quarter.The display manufacturer's loss per share stood at 5,396 won from a profit per share of 2,162 won a year ago, according to a statement on Wednesday.Revenue rose 0.5% to 5.612 trillion won for the three months ended June 30 from 5.587 trillion won in the prior-year quarter.For the first-half, cumulative operating profit stood at 39 billion won while revenues were 11.15 trillion won, compared with an operating loss of 82.6 billion won and revenues of 11.65 trillion won a year ago.LG Display plans to continue enhancing its premium product portfolio, including gaming OLED monitors, while maintaining flexible responses to seasonal market shifts.

KRX:034220

Asia8h ago

Rio Tinto Signs Five-Year Bio Pellet Offtake Agreement With SuperChar for Gladstone Alumina Refineries

Rio Tinto (ASX:RIO) signed a five-year offtake agreement with Australian bioenergy company SuperChar for the supply of locally produced bio pellets for use at its alumina refineries in Gladstone, with deliveries targeted to commence in 2028, according to a Wednesday statement.The company said it plans to undertake a range of operational demonstrations and assessments of bio pellet blends ranging from 5% to 50% as a supplement to coal used in boilers at its Gladstone alumina refineries, with scope to increase supply over time if the project is successful.SuperChar plans to establish a bio pellet production facility in the Gladstone region using locally grown bana grass as feedstock, with initial capacity to produce 35,000 tonnes of bio pellets per year, and at full contract volumes could reduce reported Scope 1 emissions by up to 90,000 tonnes of carbon dioxide equivalent annually, the statement added.SuperChar is targeting the progressive roll-out of bana grass planting starting later in the year, with bio pellet production to begin in 2028.Rio Tinto's shares rose 2% in recent Wednesday trade.

ASX:RIO

Asia8h ago

Pilbara Gold Identifies High-Grade Gold Mineralization at Mt York Gold Project in Western Australia

Pilbara Gold (ASX:PGL) identified high-grade gold mineralization during its 2026 drilling program at the 2.1 million-ounce Mt York Gold Project in Western Australia, where a more than 50,000-meter drilling program is underway, according to a Wednesday Australian bourse filing.The results were of up to 6 meters at 3.19 grams per tonne (g/t) gold from 225 meters, including 3 meters at 5.56 g/t gold from 227 meters at the Main Hill deposit, and 21 meters at 1.42 g/t gold from 228 meters, including 7 meters at 3.54 g/t gold from 231 meters at Gossan Hill.A Mt York mineral resource estimate update is expected in late calendar 2026, the filing added.

ASX:PGL

Showing 281-300 of 58977