Financial News · Live Terminal

Page 175 of 3264

Correction: Jiangsu X-chip Semiconductor Technology Gets Approvals for Shenzhen IPO

(Corrects the ticker in the first paragraph)Jiangsu X-chip Semiconductor Technology (SHE:301707) has secured approvals from the Shenzhen Stock Exchange and the China Securities Regulatory Commission to launch an initial public offering of up to 41.1 million shares.The chip packaging and testing company will conduct its institutional price inquiry on July 21, with the final offering price set to be determined on July 23.The public subscription window will open on July 27, followed by the final payment deadline on July 29.

SHE:301707

Asia4d ago

Pengana International Equities to Proceed With Buy-Back Despite Legal Challenge

Pengana International Equities (ASX:PIA) said it will proceed with its proposed buy-back after shareholders approved a resolution at the company's extraordinary general meeting, according to a Tuesday Australian bourse filing.The company said that Pengana Capital, a 1.34% shareholder and related entity of its investment manager, intends to file legal proceedings challenging the resolution and seeking to prevent the buy-back, per the filing.The company noted that no court documents have been filed or served so far, the filing said.The company's board remains confident in the resolution's validity, will vigorously defend the action, and confirmed that the buy-back will proceed as scheduled unless a court rules otherwise, the filing added.

ASX:PIA

Asia4d ago

Zhongji Innolight Prices Hong Kong IPO Below Maximum Target

Zhongji Innolight (HKG:3308, SHE:300308) priced its Hong Kong initial public offering at HK$980.00 per H-share, below the targeted maximum price of HK$1,010, according to a Tuesday Hong Kong bourse filing.The optical interconnect service provider expects to announce the results of the Hong Kong public offering and the international offering on July 29.Trading in the H-shares is expected to begin on the Hong Kong Stock Exchange on July 30, subject to the global offering becoming unconditional.The shares will trade in board lots of 50 H-shares.

HKG:3308SHE:300308

Asia4d ago

Southern Cross Gold Consolidated Identifies Gold Mineralization at Victoria Project

Southern Cross Gold Consolidated (ASX:SX2) identified further gold mineralization during recent drilling at its Sunday Creek Gold-Antimony Project in Victoria, linking the Christina prospect to the Golden Dyke prospect, according to a Tuesday Australian bourse filing.The results were up to 1.6 meters at 21.4 grams per tonne gold equivalent from 246.5 meters, including 0.2 meters at 156.5 grams per tonne gold equivalent from 246.5 meters.The westernmost and deepest hole reported from Christina to date intersected 15 vein sets, defining the prospective corridor within Rising Sun 1,010 meters below surface, with Christina now demonstrated to host the same mineralized system as Golden Dyke and Rising Sun, the filing added.The company's shares fell almost 1% in recent Tuesday trade.

ASX:SX2

Asia4d ago

Frasers Centrepoint Trust's Committed Occupancy Slips to 99.6% in Fiscal Q3

Frasers Centrepoint Trust's (SGX:J69U) committed occupancy across its retail portfolio slipped to 99.6% in the third quarter ended June 30 from 99.9% a year ago, according to a Monday filing with the Singapore Exchange.The figure excludes Hougang Mall and Nex due to ongoing asset enhancement initiatives.Shopper traffic across its retail portfolio for the June quarter rose 2.4% year on year, while tenants' sales inched up 0.2% year on year.

SGX:J69U

Asia4d ago

LG Electronics Secures NVIDIA Certification for 600kW AI Data Center Cooling Unit

LG Electronics (KRX:066570) has obtained an NVIDIA certification for its 600kW Coolant Distribution Unit (CDU) after passing technical evaluation criteria for AI Factory standardization.LG plans to secure NVIDIA certifications for its entire large-capacity CDU lineup (1MW, 2.5MW, and 4MW models) while expanding global data center cooling projects across North America and Asia, according to a statement on Monday.LG offers a Chip-to-Chiller portfolio spanning chillers, CDUs, and cold plates, with the certified unit achieving ±0.25°C temperature control precision and integrating virtual sensor technology for real-time monitoring.

KRX:066570

Asia4d ago

Elevra Lithium Posts Lower Fiscal Q4 Spodumene Concentrate Production From Canada Operations; Shares Down 3%

Elevra Lithium's (ASX:ELV) North American Lithium (NAL) operations in Canada produced 54,479 dry metric tonnes (dmt) of spodumene concentrate at an average grade of 5% in the fiscal fourth quarter, down from last year's 58,533 dmt of spodumene concentrate at an average grade of 5.2%, according to a Tuesday filing with the Australian bourse.The company reported NAL revenue of $31 million for the three months ended June, down on last quarter's $81 million, the filing said.The company recorded capital expenditure of $4 million during the quarter due to planned NAL sustaining capital projects and the NAL expansion scoping study.Shares fell nearly 3% in morning trade Tuesday.

ASX:ELV

Asia4d ago

Kingsgate Consolidated Says Mining Activities Begin to Establish New Pit at Thailand Gold Mine

Kingsgate Consolidated (ASX:KCN) said mining activities began to establish the new Q pit at the Chatree gold mine in Thailand, with production drilling commencing, according to a Tuesday Australian bourse filing.It completed the first controlled blast within the Q pit development area and progressed drill pad construction, traffic management systems, and blast clearance infrastructure.Geotechnical studies, as well as detailed engineering and pit wall design to optimize the final mining configuration, are also underway.Its shares fell 1% in recent trading on Tuesday.

ASX:KCN

Asia4d ago

Bharat Electronics' Fiscal Q1 Profit Rises 8.7%, Revenue Up 25%

Bharat Electronics (NSE:BEL, BOM:500049) reported an increase in attributable net profit in the fiscal first quarter to 10.5 billion rupees from 9.69 billion rupees a year earlier, according to a Tuesday filing on the local bourses.Earnings per share rose to 1.44 rupees from 1.33 rupees.Revenue from operations in the quarter ended June 30 increased 25.3% to 55.3 billion rupees from 44.2 billion rupees.

BOM:500049NSE:BEL

Asia4d ago

DFZQ to Buy Shanghai Securities for 25 Billion Yuan in Cash-and-Stock Deal

Chinese broker DFZQ (SHA:603958, HKG:3958) has signed a definitive agreement to buy a 100% stake in Shanghai Securities for 25.1 billion yuan in both shares and cash.The consideration will be settled by issuing 2.29 billion new DFZQ A-shares at 10.29 yuan each, or 23.6 billion yuan in total, to all vendors, according to a bourse filing on Monday.Further, a cash payment of 1.57 billion yuan will be made specifically to Guotai Haitong (SHA:601211, HKG:02611), which is selling its 24.99% stake, a separate disclosure showed.The other vendors are Bailian Group (SHA:600827), Shanghai Chengtou (SHA:600649), and two state-owned entities under Shanghai SASAC, namely SIG & SIG Investment.The acquisition, structured as a major transaction requiring shareholder and regulatory approvals, will significantly boost DFZQ's total assets into the industry's top ten and expand its wealth management client base from 3.29 million to over 5 million accounts.The development comes three months after DFZQ first announced plans to take full control of Shanghai Securities in April.

HKG:02611HKG:3958SHA:600649SHA:600827SHA:600958SHA:601211

Asia4d ago

Clinuvel Pharmaceuticals Plans to Report Late-Stage Vitiligo Study Topline Results in December

Clinuvel Pharmaceuticals (ASX:CUV) is completing its first late-stage study of Scenesse in vitiligo, a condition that causes the loss of skin color, and expects to report topline results in December, according to a Tuesday filing with the Australian bourse.The trial has enrolled 210 patients globally, and its primary endpoint focuses on the proportion of patients who achieve a total body surface area response of equal to or greater than 50%, per the filing.The late-stage trial will be followed by a registration study that is expected to start in November, with a 12-month recruitment period planned, the company said.Clinuvel shares gained 1% in recent Tuesday trade.

ASX:CUV

Asia4d ago

Duratec Secures Four Contracts Totaling AU$70 Million

Duratec (ASX:DUR) said it secured four contracts across its core energy, marine, and mining and industrial sectors for a combined value of around AU$70 million, according to a Tuesday Australian bourse filing.This included a construction management contract at Orica's (ASX:ORI) Hunter Valley hydrogen hub, a contract to deliver ECI services as part of the design of the jet fuel expansion program on behalf of Perth Airport, a wharf infrastructure remediation project by Fremantle Port Authority as part of the Kwinana Bulk Jetty upgrade, and the Gove structural integrity remediation services project at Rio Tinto's (ASX:RIO) bauxite export facilities in Nhulunbuy, Northern Territory, the company said.Duratec's shares added about 1% in recent Tuesday trade, while Rio Tinto Group's shares were down 2%.

ASX:DURASX:ORIASX:RIO

US Markets4d ago

Bharat Electronics' Fiscal First-Quarter Profit Rises 8.7% as Revenue Jumps 25%

Bharat Electronics (NSE:BEL, BOM:500049) reported an 8.7% year-over-year increase in attributable net profit in the fiscal first quarter, which executives attributed to the execution of its defense electronics programs.Attributable net profit rose to 10.5 billion rupees from 9.70 billion rupees a year earlier, according to a filing with the Indian stock exchanges on Monday.Earnings per share in the quarter ended June 30 climbed to 1.44 rupees from 1.33 rupees.The Indian state-run defense electronics maker posted a 25.3% year-over-year jump in revenue to 55.3 billion rupees from 44.2 billion rupees.During an earnings call, Bharat Electronics Chairman and Managing Director Manoj Jain told analysts that revenue growth was in line with the company's expectations.Jain also noted that the long-awaited Quick Reaction Surface-to-Air Missile (QRSAM) is on track to materialize by September, according to a transcript of the earnings call published by Investing.com.QRSAM is a mobile air defense system jointly developed with India's Defense Research & Development Organization and Bharat Dynamics (NSE:BDL, BOM:541143) for the Indian Army.The company expects QRSAM to contribute 300 billion rupees to its order book.As of July 1, the company's order pipeline stood at 722.6 billion rupees, according to its earnings report. In the first quarter alone, the company secured 37.5 billion rupees worth of orders, Jain said during the call.The company reaffirmed its full-year targets for fiscal 2026-2027, with revenue growth of 15%, an EBITDA margin of 28%, order inflows of 550 billion rupees, research and development spending of 22 billion rupees and capital expenditure above 12 billion rupees, Jain added.

BOM:500049BOM:541143NSE:BDLNSE:BEL

International4d ago

New Zealand Filled Jobs Rise in June

The seasonally adjusted number of filled jobs across New Zealand industries rose 0.1%, or 2,728 jobs, month on month to 2.4 million in June, following a 0.2% increase in the previous month, data from Stats NZ showed on Tuesday.Filled jobs in the goods-producing industries remained flat, while primary and service industries rose by 0.7% and 0.1%, respectively.By industry, the largest increase was in public administration and safety, with filled jobs up 4%, or 6,407 jobs, compared with June 2025.Meanwhile, total gross earnings rose 2.4% in June on an accrual basis compared with June 2025, while total gross earnings for the same month reached NZ$15.8 billion.

^NZ50

International4d ago

Australian Consumer Confidence Falls on Inflation, Middle East Concerns

The ANZ-Roy Morgan Australian consumer confidence fell 4.4 points to 71.2 in the week of July 20 to July 26, ANZ reported Tuesday.The four-week moving average fell 1.2 points to 74.2, per the report.Australian consumer confidence fell to a six-week low last week, weighed down by rising concerns over Middle East tensions, renewed inflation pressures and signs of a cooling labor market, according to ANZ economist Sophia Angala.Weekly inflation expectations have edged higher ahead of Wednesday's second quarter consumer price index release, with markets watching whether underlying price pressures ease enough to keep the Reserve Bank of Australia on hold in August, Angala added.Weekly inflation expectations inched up to 5.9% from 5.8%, while the current financial condition indicator for 12 months decreased 2.2 points to 63.9. The future financial conditions for the next 12 months fell to 77 points from 82.5.Short-term economic confidence for the next year fell 2.8 points to 64.9, while medium-term economic confidence for the next five years decreased to 77.3 points from 81.4.The "time to buy a major household item" subcategory fell 7.6 points to 72.7.

ASX 200

Asia4d ago

CapitaLand Ascott Trust Posts Flat H1 DPS; Distributable Income Up 11%

CapitaLand Ascott Trust (SGX:HMN) distribution per stapled security, or DPS, was flat at SG$0.0253 in the first half of 2026, unchanged from a year earlier, according to a Monday filing with the Singapore Exchange.Income available for distribution to stapled security holders, however, rose 11% to SG$107.1 million from SG$96.5 million in the year-ago period.Revenue slipped 7% year over year in H1 to SG$370.9 million from SG$398.5 million.Revenue per available unit fell to $147 per day from $150 per day a year ago.

SGX:HMN

Asia4d ago

St Barbara Posts 20% Rise in Processing Hub Project MRE

St Barbara's (ASX:SBM) 15-Mile Processing Hub project' mineral resources estimate (MRE) rose 20% to 62.4 million tonnes at 1.2 grams per tonne (g/t) grade of gold containing 2.5 million ounces in July from 59.4 million tonnes at 1.1 g/t grade of gold containing 2 million ounces in December 2025, according to a Tuesday filing with the Australian bourse.The upgrade brings the company's group MRE to 5.4 million ounces, the filing said.The ore reserves estimate for the project will be updated following an updated pre-feasibility study, expected to be finalized by the end of the first quarter of fiscal year 2027.The updated MRE will be incorporated into the feasibility study slated for the fourth quarter of fiscal year 2027, per the filing.

ASX:SBM

International4d ago

New Zealand Business Count Grows in June

The number of enterprises in New Zealand hit 603,549 in June, up from 598,137 in May, according to data released Tuesday by Stats NZ.June saw 11,058 enterprise entries and 5,649 exits, compared with 5,769 entries and 10,986 exits in May, the data showed.

^NZ50

Asia4d ago

Viva Energy Group's H1 Sales Volume Rises, EBITDA Expected to More Than Double

Viva Energy Group (ASX:VEA) reported a first-half sales volume of 8.49 billion liters, up 1.5% from about 8.37 billion liters in the year-ago period, according to a Tuesday filing with the Australian bourse.The result came as convenience and mobility fuel volumes ticked 2.4% higher to 2.63 billion liters, while commercial and industrial fuel volumes increased 1% to 5.87 billion liters, per the filing.The company said it expects first-half earnings before interest, taxes, depreciation, and amortization on a replacement cost basis of AU$770 million to AU$780 million, up from AU$305 million a year earlier.Additionally, production at Viva Energy's Geelong refinery has now returned to over 90% of normal capacity following a fire in April, with regional refining margins expected to remain above long-term averages through the rest of the year, it said.

ASX:VEA

Asia4d ago

ASX Preview: Australian Shares to Fall as Oil Slumps on Iran Ceasefire Hopes; Bellevue Gold Reports Higher Gold Production, Sales in June Quarter

Australian shares are poised to fall on Tuesday after oil prices slumped to their lowest levels in more than a week, as the US paused air strikes against Iran, easing fears of prolonged supply disruptions and raising hopes for a diplomatic deal.Gold edged higher as investors weighed softer inflation risks ahead of the Federal Reserve's interest rate decision this week.Overnight, the S&P 500 and the Dow Jones Industrial Average rose 0.02% and 0.5%, respectively, while the Nasdaq Composite fell 0.2%.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 4.4 points to 71.2 in the week of July 20 to July 26, ANZ reported Tuesday.In corporate news, Bellevue Gold (ASX:BGL) produced 41,643 ounces of gold at an all-in sustaining cost of AU$2,604 per ounce and sold 40,671 ounces of gold at an average realized price of AU$4,180 per ounce during the June quarter.Genesis Minerals (ASX:GMD) produced 70,766 ounces of gold at an all-in sustaining cost of AU$2,797 per ounce and sold 77,797 ounces of gold at an average realized price of AU$6,175 per ounce during the June quarter.Australia's benchmark index rose 1.4% or 121.7 points to close at 8,894 on Monday.

ASX 200ASX:BGLASX:GMD

Showing 3481-3500 of 65262