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Ceinsys Tech Invests Over $2 Million in US Subsidiary

Ceinsys Tech (BOM:538734, NSE:CEINSYS) has infused around $2.2 million in fresh equity into its wholly owned subsidiary Technology Associates Inc., USA, according to a Saturday filing on Indian bourses.Shares of the company fell over 1% in Monday's trade.The company subscribed to about 5,855 equity shares at an issue price of $369.04 per share, the filing said.The investment is part of a previously approved funding plan and will be used to support growth and funding requirements of the subsidiary, it added.

BOM:538734NSE:CEINSYS

Asia59d ago

Hainan Airlines to Acquire 49% Stake in Aircraft Maintenance Company

Hainan Airlines (SHA:600221, SHA:900945), through subsidiary Chongqing Fangda Aviation International Headquarters, will acquire 49% of HNA Aviation Technology (Chongqing) through capital increase, according to a Shanghai bourse filing on Saturday.The airline company's B shares slipped 1% during Monday's afternoon trade.The company, along with another subsidiary, HNA Aviation Technology, will jointly inject 90 million yuan into HNA Tech Chongqing, an aircraft maintenance company.The company will inject 58.8 million yuan and HNA Aviation Tech will invest 31.2 million yuan.HNA Tech Chongqing's capital will increase to 120 million yuan from 30 million yuan.HNA Aviation Tech, which previously own 100% of HNA Tech Chongqing, will hold 51% after the completion of the transaction.

SHA:600221SHA:900945

Asia59d ago

ACME Solar Unit Secures Commissioning Certificate for 16 MW Wind Project in Gujarat, India

ACME Solar Holdings (NSE:ACMESOLAR, BOM:544283) said its subsidiary ACME Eco Clean Energy has received a commissioning certificate for a 16 MW wind power project in Gujarat, India, according to an Indian bourse filing on Friday.Shares of the company rose nearly 1% in Monday's trade.The project is located across multiple villages in Surendranagar district, the filing said.

BOM:544283NSE:ACMESOLAR

Asia59d ago

Nikkei Advances as Fiscal Outlook Calms Rate Fears

Japanese stocks closed higher on Monday, supported by policy signals after an opposition party leader called for a medium-term fiscal roadmap to restore surplus by around 2030, easing concerns over rising interest rates.The Nikkei 225 rose 0.6%, or 348.99 points, to close at 58,824.89.Yuichiro Tamaki said Japan should outline a credible five-year path to return to a primary surplus by around 2030, while accepting near-term deficits.He also said monetary policy should move gradually toward normalization, with rate hikes calibrated carefully given risks from the Iran conflict.Markets have pared expectations for an April rate increase by the Bank of Japan amid uncertainty over the Middle East situation. The government has tapped oil reserves and is seeking alternative supply sources, though public concern over the economic impact remains high.In economic news, Japan's tertiary activity index fell 0.4% in February as weakness in retail and utilities offset gains in finance.Japanese household sentiment improved slightly in March but remained negative, with inflation expectations staying elevated, a Bank of Japan survey showed.On the corporate front, Komehyo Holdings (TYO:2780) fell 1% after reporting a 43% jump in March sales. Cyfuse Biomedical (TYO:4892) rose 12% after a report said it will begin human trials of a 3D-printed knee regeneration therapy.IwaiCosmo (TYO:8707) slipped 2% despite a 55% rise in full-year profit and record earnings.

Nikkei 225TYO:2780TYO:4892TYO:8707

Asia59d ago

Advanced Innergy to Acquire Matrix Composites in AU$0.40 Cash-Per-Share Offer

Matrix Composites & Engineering (ASX:MCE) entered into a scheme implementation deed with Advanced Innergy Holdings (ASX:AIH) under which Advanced Innergy agreed to acquire 100% of Matrix via a scheme of arrangement, under which Matrix shareholders will receive AU$0.40 cash per share, according to separate Monday filings with the Australian bourse.Advanced Innergy declared the offer price as its best and final in the absence of a superior competing proposal.Advanced Innergy, via a wholly-owned unit, previously entered into call option deeds over Matrix shares representing, in aggregate, 19.9% of Matrix shares on issue. The scheme is expected to be implemented by the end of July, subject to all the conditions being satisfied or waived, including Matrix shareholder approval, court approval, and approval from the Foreign Investment Review Board.The board of Matrix unanimously recommended that the company's shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert concluding that the deal is is in the best interests of the shareholders.

ASX:AIHASX:MCE

Asia59d ago

Minmetals Capital Proposes 3 Billion Yuan Bond Issuance

Minmetals Capital (SHA:600390) proposed to register the issuance of bonds worth up to 3 billion yuan, according to a Shanghai bourse filing on Saturday.The issuance will be valid within 24 months after approval by regulators, while the bond will have a three-year term.The Chinese metals and minerals company will use the proceeds to fund its technology innovation-related business, as well as supplement its working capital and pay debts.

SHA:600390

Asia59d ago

Market Chatter: Malaysia's Rubber Industry Bears Brunt of US-Iran War

Malaysia's rubber glove industry is facing rising cost pressure as the US-Iran conflict drives up prices of oil-linked raw materials used in production, the Nikkei Asian Review reported Monday.The country, which accounts for about 45% of global glove supply, is seeing a widening gap between large and small manufacturers. Major producers such as Top Glove (KLSE:TOPGLOV) and Hartalega (KLSE:HARTA) have been able to raise selling prices to offset higher input costs, while demand remains broadly stable, according to the report.Industry costs have surged, with key materials like nitrile latex seeing sharp increases due to higher crude-linked input prices. However, smaller players are struggling to absorb the cost pressure, with some already exiting the market amid financial strain and supply disruptions, the Nikkei 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.)

FTSE Bursa Malaysia KLCIKLSE:HARTAKLSE:TOPGLOV

Asia59d ago

Orbbec Forecasts Decline in 2026 Related-Party Transactions

Orbbec (SHA:688322) forecasted 165 million yuan in 2026 routine related party transactions, lower than 261.5 million yuan last year.The transactions involve purchasing raw materials, selling products, and providing services primarily with Ant Group entities and Hangzhou Shanyi Intelligent Technology, according to a filing with the Shanghai bourse.Shares of the electronics components distributor were up 1% in recent trade.

SHA:688322

Asia59d ago

Australian Shares Close Modestly Higher; National Australia Bank Boosts Provisions to Reflect Middle East Conflict Impact

Australian shares were modestly higher at Monday's close as oil prices spiked and investors weighed the rising tensions between the US and Iran.The S&P/ASX 200 Index increased slightly by 6.4 points to close at 8,953.30.Tensions rose in the Middle East as the US seized an Iranian cargo ship and Iran's top military command said they would retaliate. The ceasefire between the two countries is set to expire on Tuesday.US President Donald Trump said he was sending envoys for talks in Pakistan and that he would launch new strikes on Iran if it didn't agree to his terms. However, Iran rejected new peace talks with the US, its state news agency reported.Brent crude oil futures were up by 5.7% to $95.50 per barrel.On the domestic front, ANZ said it expects Australia's underlying cash deficit to be little changed from the Mid-Year Economic and Fiscal Outlook at AU$37 billion in fiscal 2025 to 2026 and AU$36 billion in fiscal 2026 to 2027, with deficits averaging about 1% of gross domestic product likely over the forward estimates through to fiscal 2029 to 2030.Australian households' fuel spend dropped 3.8% to AU$163.4 million in the week that started April 6, following a nearly 18% decline to AU$169.8 million in the week before.In company news, National Australia Bank (ASX:NAB) said it expects fiscal first-half credit impairment charges of AU$706 million as it lifts provisions to reflect risks stemming from the Middle East conflict. The AU$300 million net increase in forward-looking collective provisions includes a AU$201 million increase in forward-looking adjustments for potential stress in sectors that are more likely to see an impact from fuel supply and cost issues.Viva Energy Group (ASX:VEA) reported a 5.1% year-over-year increase in first-quarter sales volume to 4,302 megaliters, driven by an increase of 7.1% in commercial and industrial fuel volume. The company said its Geelong refinery does not typically source Middle Eastern crude.Lastly, Worley (ASX:WOR) said the adverse impact of the Middle East conflict on its fiscal 2026 underlying earnings before interest, tax, and amortization is estimated to range from AU$30 million to AU$40 million.

ASX 200ASX:NABASX:VEAASX:WOR

Oil & Energy59d ago

EMEA Oil Update: Crude Surges as Hormuz Remains Shut Amid US-Iran Tensions

Brent crude futures recovered on Monday, fueled by the breakdown of ceasefire conditions and the seizure of an Iranian-flagged vessel.The Brent futures contract climbed over 5% to $95.44 per barrel. Murban closed at $91.70 on April 17 and was not trading as of the time of publishing this oil price update."Oil prices surged with Brent crude climbing 6.5% to $96.27 per barrel as Iran accused the [US] of breaking the ceasefire and the Strait of Hormuz remained effectively shut to commercial shipping," Saxo Bank analysts said.The primary catalyst for the price spike was a Sunday announcement from Washington that the US had seized an Iranian cargo ship allegedly attempting to run the blockade.After the US seized an Iranian cargo ship, Tehran reimposed restrictions on the Strait of Hormuz and reportedly said it would boycott the critical second round of peace negotiations.With the Strait of Hormuz effectively shut once more and Tehran snubbing upcoming talks in Pakistan, analysts warn of a fresh escalation as the truce expires.The escalation has cast a shadow over the planned second round of peace negotiations, analysts said.Investors are currently focused on whether the Pakistani mediators can pull both parties back to the table before the April 21-22 truce deadline.

International59d ago

Japan Consumer Mood Edges Up, Price Pressures Stay Elevated

Japanese household sentiment improved modestly in March but remained negative, while inflation perceptions stayed elevated, according to a survey by the Bank of Japan released Monday.The diffusion index for current economic conditions rose to minus 45.5 from minus 50.4 in December 2025, as fewer respondents said conditions had worsened. The outlook index for the year ahead was little changed at minus 18.5.Views on household finances also improved slightly, though more than half of respondents still said their situation had deteriorated from a year earlier.Price perceptions remained high, with about 95% of households saying prices had risen over the past year. Looking ahead, more than 80% expect prices to increase over the next 12 months, with a majority anticipating moderate gains.Public awareness of the BOJ's 2% inflation target remained limited, with nearly half of respondents saying they had never heard of it. Confidence in the central bank improved, with those expressing confidence or some confidence rising to over 50%.

Nikkei 225

Asia59d ago

State Grid Yingda Chairman Resigns

State Grid Yingda's (SHA:600517) chairman, Yang Dongwei, resigned due to a change in work, according to a Shanghai bourse filing on Saturday.The electric equipment manufacturer's shares slipped 1% during Monday's afternoon trade.Qiao Fadong, a director, will temporarily perform the duties of chairman until the board designates a successor.

SHA:600517

Asia59d ago

Acrophyte Hospitality Trust's CEO Resigns

Acrophyte Hospitality Trust's (SGX:XZL) chief executive officer, Lee Jin Yong, stepped down from the role, effective July 15, according to a Monday filing with the Singapore Exchange.Yong held directorship roles at ARA Real Estate Investors 31 and other companies in the last five years.

SGX:XZL

Asia59d ago

Market Chatter: Singapore's Financial Regulator Urges Banks to Shore Up Cybersecurity Issues

The Monetary Authority of Singapore, or MAS, has asked banks to improve their cybersecurity, citing concerns over a latest AI model named Mythos, currently being testing by Anthropic, according to a Bloomberg report on Monday.MAS is jointly working with the city-state's cybersecurity agency to provide additional defenses to banks and other critical infrastructure operators, the report said.A spokesperson said the evolution of AI is likely to fast-track flaws and vulnerabilities in IT systems, the report added.(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.)

^STI

International59d ago

Japan Services Activity Slips 0.4% in February

Japan's tertiary industry activity index fell 0.4% month over month to 106.3 in February, as declines in retail, wholesale and utilities offset gains in finance, government data showed Monday.Retail trade dropped 2.7% and wholesale trade fell 2.4%, while electricity, gas and water supply declined 5.3%, weighing on overall activity.Finance and insurance rose 3.1%, providing the largest positive contribution, while information and communications and leisure-related services also posted modest gains.On a year-over-year basis, the index rose 1.9%, supported by continued strength in finance and business services.

Nikkei 225

International59d ago

Saudi Arabia's Annual Employee Compensation Up 9.8% in February

Saudi Arabia's employee compensation index climbed 9.8% on an annual basis in February, compared with a 9.4% rise in the previous month.The monthly growth stood at 0.7%, according to preliminary data from the General Authority for Statistics released Monday.

^TASI

International59d ago

German Annual Producer Prices Down 0.2% in March

The producer prices of industrial products in Germany edged down 0.2% year over year in March, following a 3.3% decline in the previous month, the country's Federal Statistical Office said Monday.On a monthly basis, producer prices were 2.5% higher, against the expected 1.4% growth. The latest reading reflects the largest monthly increase since August 2022.

^SXXP

Asia59d ago

Yahua Industrial's Unit to Buy 51% Stake in Civil Explosive Maker for 362 Million Yuan

Sichuan Yahua Industrial's (SHE:002497) unit, Sichuan Yahua Civil Explosives Group, plans to acquire 51% of Weifang Longhai Safety Technology for a consideration of up to 362.1 million yuan, according to a Shenzhen bourse filing on Saturday.The civil explosive maker's shares slipped less than 1% during Monday's afternoon trade.Longhai Safety Tech produces and sells civil explosives, as well as security equipment.The stake will be bought from Weifang Longhai Civil Explosives.

SHE:002497

International59d ago

Saudi Arabia's Annual Real Estate Prices Fall 1.6% in Q1

Saudi Arabia's real estate prices declined 1.6% year over year in the first quarter, after a 0.7% fall in the previous three months, the country's General Authority for Statistics said Monday.The deflation was mainly attributed to a decrease in residential sector prices.On a quarterly basis, the real estate price index dropped 0.2% in the three months to March, against a 0.4% decrease earlier.

^TASI

Asia59d ago

EcoGraf Enters Non-binding Memorandum of Understanding With Mitsubishi Chemical

EcoGraf (ASX:EGR) executed a non-binding memorandum of understanding with Mitsubishi Chemical relating to the supply, qualification, and potential long-term commercialization of natural flake graphite, unpurified spherical graphite, and purified spherical graphite for Mitsubishi's battery anode material operations, according to a Monday Australian bourse filing.Mitsubishi will consider a long-term product sales arrangement for 10,000 tonnes per year of unpurified and/or purified spherical graphite, or around 16,500 tonnes per year of -100 mesh natural flake graphite, subject to ongoing technical evaluation outcomes.

ASX:EGR

Showing 38061-38080 of 43078

Asia59d ago

Australian Shares Close Modestly Higher; National Australia Bank Boosts Provisions to Reflect Middle East Conflict Impact

ASX 200ASX:NABASX:VEAASX:WOR