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Market Chatter: Gotion Says Iran War Shifts Focus to New Energy

Gotion High-tech (SHE:002074) said the world is shifting its focus on green energy as the war in Iran made disruptions on the global oil supply, Bloomberg News reported Thursday, citing its founder and chairman.Chairman Li Zhen told Bloomberg Television in an interview that the world is "placing more emphasis" on new energy, such as solar and wind, with cost improvements in batteries enabling governments to become more self-sufficient and not reliant on fossil fuel "from a few countries", the media outlet said.Li predicted that the demand for energy storage systems will jump five times higher than electric vehicles as artificial intelligence becomes more rampant in the long run, giving more opportunities for the battery maker's expansion, Bloomberg said.Data from the China Passenger Car Association showed a doubling of China's electric and hybrid vehicle exports, showing industries and consumers looking for energy supply alternatives, according to the report.(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.)

SHE:002074

Equities55d ago

TotalEnergies Takes Final Investment Decision on $1.2 Billion Mirny Project in Kazakhstan

TotalEnergies (TTE.PA, TTE.L) said Friday it took a final investment decision and secured financing for its Mirny onshore wind and battery energy storage system project in Kazakhstan.The French energy group noted that the $1.2 billion project, to be financed 75% externally, will combine 1 gigawatt of wind capacity with a 600 megawatt-hour battery energy storage system.The project, expected to reach its full capacity by 2029, will sell electricity to the government of Kazakhstan under a 25-year power purchase agreement.

$TTE.L$TTE.PA

Asia55d ago

GigaVis Wins KRW9.04 Billion Chip Substrate Inspection and Repair Equipment Contract

GigaVis (KOSDAQ:420770) secured a contract to supply semiconductor substrate inspection and repair equipment to domestic chip substrate manufacturers, according to a Friday filing with the Korean Exchange.The contract, valued at 9.04 billion won, is valid until Oct. 30.Shares of the industrial machinery and electronic parts manufacturer jumped more than 9% at market close.

KOSDAQ:420770

Asia55d ago

Xiangyu's 2025 Profit Slips 9%, Revenue Rises 12%

Xiamen Xiangyu's (SHA:600057) net profit attributable to shareholders in 2025 slipped 8.9% to 1.29 billion yuan from 1.42 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share dropped 38% year on year to 0.30 yuan from 0.48 yuan.Operating revenue rose 12% to 410.3 billion yuan from 366.7 billion yuan in the previous year.The Chinese logistics services provider's shares slumped 7% at the close.

SHA:600057

Asia55d ago

Jefferies Adjusts Infosys' Price Target to INR1,235 from INR1,290, Keeps at Hold

BOM:500209NSE:INFY

Asia55d ago

Hindustan Composites Board Approves Capacity Expansion Plan for Fiscal 2027; Shares Up 5%

Hindustan Composites (NSE:HINDCOMPOS, BOM:509635) said its board has approved a capacity expansion plan for the financial year 2026-27, to meet additional demand, according to a Thursday filing on Indian bourses.Shares of the company jumped 5% in Friday's trade.The company plans to add 85,000 units per month over the next six months, funded through internal resources, the filing said.

BOM:509635NSE:HINDCOMPOS

Asia55d ago

Oil Country Tubular's CFO Resigns; Shares Up 9%

Oil Country Tubular's (NSE:OILCOUNTUB, BOM:500313) chief financial officer and key managerial personnel, Lal Bahadur Shastry Gubba, has resigned from the company, effective April 23, according to a Friday filing to the Indian stock exchanges.Gubba resigned from the company to pursue a "better professional opportunity," the filing said.The company's shares were up over 9% in recent trade.

BOM:500313NSE:OILCOUNTUB

Oil & Energy55d ago

EMEA Oil Update: Oil Prices Climb as Strait of Hormuz Standoff Deepens

Brent crude futures rose Friday, marking a fifth consecutive day of gains as a deepening diplomatic stalemate between US and Iran over the Strait of Hormuz intensified supply shortage fears and disrupted critical maritime trade routes.The Brent futures contract gained 1.2% to $106.25 per barrel. Murban closed at $105.95 on April 23 and was not trading as of the time of publishing this oil price update.The Middle East energy crisis worsened Thursday after Iran released footage of commandos in speedboats storming a large cargo ship.Media outlets also reported Thursday, citing Iranian media, that several explosions were heard in Tehran and Iranian air defenses were activated as countermeasure.The maneuver highlighted Tehran's control over the Strait of Hormuz, a primary artery for 20% of the world's oil and gas."Oil trades higher for a fifth day, with no apparent end in sight to the Middle East stalemate as the US and Iran continue to block access through the Strait of Hormuz," Saxo Bank analysts said.President Trump signaled a prolonged standoff, stating he would not set a "timetable" for ending the conflict."Don't rush me," Trump posted on Truth Social, emphasizing his intent to hold out for a "great deal" with Tehran.Saxo Bank analysts warned that even an immediate reopening of the Strait would require several months for global shipping flows to normalize.This projected delay is already creating acute tightness in diesel and jet fuel markets, they added.Meanwhile, regional tensions remain high as Israel reportedly warned it is prepared to restart strikes on Iranian targets if diplomatic efforts fail.

Asia55d ago

Market Chatter: Indonesia to Avoid Immediate Fitch Ratings Downgrade if Deficit Surpasses 3% in Short Term

Indonesia will not see an immediate ratings downgrade by Fitch Ratings on going over its legal fiscal deficit limit of 3% if the change is justified, Reuters reported Friday citing George Xu, sovereign ratings director at Fitch.The exception applies to temporary breaches - that is, a hypothetical increase for one year - in response to an economic fallout resulting from the Middle East conflict, the report said.A higher deficit for over a year could, however, lead to a downgrade, according to the report.The anticipated deficit for 2026 currently stands at 2.9% but could go up to 4% if the situation worsens, according to the report.Fitch recently downgraded Indonesia's rating outlook to negative in March from stable previously.(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.)

^JKSE

Research55d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Texas Instruments Incorporated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We up our 12-month target to $273 from $224, on a P/E of 30x our 2027 EPS, above peers and TXN's five-year historical forward average of about 27x to reflect our view of improving fundamentals and FCF potential. After a strong Q1 beat, we raise our 2026 EPS to $7.87 from $6.76 and 2027 to $9.10 from $7.73. Industrial revenue surged more than 30% in Q1 (20% seq.), with the broader industrial market segment (thousands of smaller customers) re-engaging after an extended hibernation. Despite this, Industrial remains 15% below its Q3 2022 peak, suggesting at least 4-6 quarters of further runway ahead. Years of elevated capex is now allowing TXN to fulfill customer demands with no shortages and is now allowing TXN to take back share given its greater supply/availability. Easing of capex spend is also starting to play out, which we see driving FCF well over $8B by '27 (vs. $2.6B in '25) while gross margins are also turning the corner, as utilization improves and pricing holding up better than expected.

$TXN

Asia55d ago

Hana Financial Group to Retire KRW200 Billion Worth of Treasury Shares

Hana Financial Group (KRX:086790) plans to retire about 1.8 million treasury shares, valued at 200 billion won, according to a Friday filing with the Korea Exchange.The shares will be retired by July 21 at a par value of 5,000 won apiece.Shares of Hana Financial Group rose 2% at market close.

KRX:086790

Commodities55d ago

Cost of new Gas-Fired Power Plants in US Surges 66% Amid Demand Surge, Says BloombergNEF

The cost of building a new gas-fired power plant in the US rose by almost two-thirds from 2023 to 2025, BloombergNEF reported on Thursday, presenting a snag for developers proposing to build more plants of this type as power demand grows.The price per kilowatt of capacity at a combined-cycle gas turbine-equipped plant rose to $2,157 up from less than $1,500 in 2023, BloombergNEF said.The figures do not come as much of a surprise given reports in recent months of long waits for deliveries of gas turbines, with manufacturing capacity stretched by an influx of new orders.BloombergNEF said the trend threatens climate goals given gas plants are often intended to replace doubly carbon intensive coal. It is also generating a scramble for skilled labor and pushing up share prices in companies that own gas plants and manufacture turbines such as General Electric.It has also pushed some of the world's biggest tech companies to pay premiums to ensure a power supply for energy-hungry data centers, the article said.BloombergNEF said the time to bring a new gas-fired power plant into operation has also lengthened 23% in the 2023-2025 period, based on an analysis of utilities filings.

Insider Trading55d ago

Everpure Insider Sold Shares Worth $12,021,057, According to a Recent SEC Filing

John Colgrove, Director, Chief Visionary Officer, on April 21, 2026, sold 171,065 shares in Everpure (P) for $12,021,057. Following the Form 4 filing with the SEC, Colgrove has control over a total of 7,356,115 Class A common shares of the company, with 6,725,221 shares held directly and 630,894 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1474432/000147443226000031/xslF345X05/wk-form4_1776983970.xml

Insider Trading55d ago

CrowdStrike Holdings Insider Sold Shares Worth $1,890,709, According to a Recent SEC Filing

George Kurtz, Director, President and Chief Executive Officer, on April 21, 2026, sold 4,161 shares in CrowdStrike Holdings (CRWD) for $1,890,709. Following the Form 4 filing with the SEC, Kurtz has control over a total of 2,319,812 Class A common shares of the company, with 2,219,812 shares held directly and 100,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1535527/000177856426000018/xslF345X05/form4-04232026_080401.xml

$CRWD

Equities55d ago

TotalEnergies Secures Financing for Onshore Wind, Battery Energy Storage System Project in Kazakhstan

TotalEnergies (TTE) has secured financing for its Mirny onshore wind and battery energy storage system project in southeast Kazakhstan, the company said Friday.The company signed a common terms agreement with an international lending consortium, securing a financing framework for the project, which consists of a 1 gigawatt onshore wind farm and a 600 megawatt-hour battery energy storage system.TotalEnergies owns 60% of the project, while its partners Samruk Energy and KazMunayGas hold 20% each.The project is expected to generate 100 terawatt-hour of renewable electricity over 25 years, to be sold to the Kazakhstan government under a 25-year power purchase agreement signed in 2023. The project is anticipated to reach full capacity in 2029.The investment in the project currently amounts to $1.2 billion, with about 75% externally financed, according to TotalEnergies.

$TTE

Insider Trading55d ago

Axsome Therapeutics Insider Sold Shares Worth $1,368,150, According to a Recent SEC Filing

Ari Maizel, Chief Commercial Officer, on April 22, 2026, sold 7,500 shares in Axsome Therapeutics (AXSM) for $1,368,150.SEC Filing:https://www.sec.gov/Archives/edgar/data/1579428/000119312526174415/xslF345X05/ownership.xml

$AXSM

Insider Trading55d ago

CoreWeave Insider Sold Shares Worth $35,822,995, According to a Recent SEC Filing

Michael N Intrator, 10% Owner, Director, Chief Executive Officer and President, on April 21, 2026, sold 307,693 shares in CoreWeave (CRWV) for $35,822,995. Following the Form 4 filing with the SEC, Intrator has control over a total of 5,066,501 Class A common shares of the company, with 5,066,501 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1769628/000176962826000202/xslF345X05/form4.xml

$CRWV

Asia55d ago

Goertek's Profit Jumps 48% in 2025

Goertek's (SHE:002241) attributable profit rose 48% to 3.94 billion yuan in 2025 from 2.67 billion yuan in 2024, according to a Friday filing with the Shenzhen bourse.Earnings per share at the acoustic components manufacturer increased 45% to 1.13 yuan from 0.78 yuan in the previous year.Operating income declined 4.4% year over year to 96.6 billion yuan from 101 billion yuan.

SHE:002241

Asia55d ago

Tongyang Life Insurance to Retire KRW46.7 Billion Worth of Treasury Shares

Tongyang Life Insurance (KRX:082640) plans to retire about 5.3 million treasury shares, valued at 46.7 billion won, according to a Friday filing with the Korea Exchange.The shares will be retired on April 30 at a par value of 5,000 won apiece.Shares of Tongyang Life Insurance rose more than 1% at market close.

KRX:082640

Asia55d ago

Huadong Medicine's Attributable Profit Jumps 9.6% in Q1; Shares Rise 3%

Huadong Medicine's (SHE:000963) attributable profit rose 9.6% to 1.00 billion yuan in the first quarter from 914.7 million yuan in the year-ago period, according to a Friday filing with the Shenzhen bourse.Earnings per share at the drug maker increased to 0.5715 yuan from 0.5213 yuan in the prior-year period.Operating income grew 4.2% year over year to 11.2 billion yuan from 10.7 billion yuan.Shares increased 3% during afternoon trading on Friday.

SHE:000963

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