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Singtel Buys Back, Cancels Shares Worth SG$39.4 Million

Singtel (SGX:Z74) bought back and canceled 8.2 million shares in the open market on Monday for SG$39.4 million, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back nearly 87.1 million shares from its existing buyback mandate.

SGX:Z74

Asia59d ago

Japan Logistics Fund to Expand Investment Scope With New Asset Classes

Mitsui & Co., Logistics Partners, the asset manager of Japan Logistics Fund (TYO:8967), has resolved to change the REIT's asset management guideline, effective April 23.The changes aim to expand the REIT's investment opportunities by adding new asset classes to its real estate-related assets, including limited partnership interests in investment businesses that primarily invest in real estate-type assets, as well as monetary claims.Correspondingly, the revised guideline will update the REIT's portfolio construction policy and introduce new provisions for confirming matters related to the acquisition of these expanded asset types.The change is subject to shareholder approval of partial amendments to the Articles of Incorporation at the 16th general unitholders' meeting on that same day, according to a Tokyo bourse filing on Monday.

TYO:8031TYO:8967

Mining & Metals59d ago

B2Gold Provides Operational Update Related to Fire at Goose Mine, Lowers Q2 Output Forecast

B2Gold (BTO.TO) late on Sunday provided an update on the near-term operational plan related to a fire in certain areas of the crushing circuit at the Goose Mine that occurred April 16.The Goose Mine has mobile crushers on site, and the preliminary operational plan is to utilize these to feed crushed ore directly to the fine ore stockpile. Additional temporary crushing capacity has been sourced and will be transported to site in the second quarter.A preliminary revised mill processing plan has been developed for the second quarter based on the use of mobile crushers while repairs to the affected crushing circuit are completed.The repairs are expected to be completed in the third quarter and are estimated to cost about C$10 million. The crushing circuit will be able to operate at an average daily capacity of about 3,200 tonnes per day by the end of the third quarter.Gold production is expected to continue at a reduced level than previously anticipated in the second quarter. B2Gold lowered its second-quarter gold production forecast to 18,000 to 20,000 ounces, a reduction of about 10,000 ounces from the previous forecast.The company reiterated full-year 2026 gold production guidance for the Goose Mine of 170,000 to 230,000 ounces. The impact of lower availability of crushed ore as a result of the fire is expected to be limited to the second quarter of 2026.The company's initial assessment was that the fire damage was localized to the crushing circuit area. There was no damage or impact to the mill or power facility.No injuries were reported and no medical treatment was required.

$BTO.TO

International59d ago

Geopolitics, Beijing Regulatory Changes Lift Asian Stock Markets

Asian stock markets tracked north on Monday, as traders weighed pending Tehran-Washington negotiations regarding the Persian Gulf, and revamped securities-industry rules issued late Friday in Beijing.Hong Kong, Shanghai and Tokyo finished in green, as did most other regional exchanges.In Japan, the Nikkei 225 opened higher and held ground, finishing up 0.6% as traders mulled the outlook for US and Iranian negotiations this week in Pakistan.The benchmark Nikkei 225 rose 348.99 to 58,824.89, as gaining issues outnumbered losers 123 to 98.Leading the upside was Renesas Electronics, up 6.4%, while Sumitomo Pharma declined 5.9%.In Hong Kong, the Hang Seng Index opened evenly and gained in trading, closing up 0.8% on investor acceptance of securities-industry rules changes in China.The broad gauge Hang Seng rose 200.74 to 26,361.07 as gaining issues outnumbered losers 61 to 28. The Hang Seng TECH Index gained 0.5% on the day, while the Mainland Properties Index rose 0.3%.Leading the upside was Xinyi Solar, gaining 6.2%, while PetroChina declined 3.3%.On the mainland, the Shanghai Composite rose 0.8% to 4,082.13.In industry news, the China Securities Regulatory Commission (CSRC) and other authorities late Friday announced changes to regulations to strengthen market supervision and attract long-term investment.In general, the new rules ease investment by "strategic investors," or institutional money, into Chinese public companies, particularly into the powerful, voting "A-share" class, but also tighten rules on the illegal selling of shares, and the practice of "auditor shopping" for accounting services.On the other regional exchanges, the S. Korean KOSPI rose 0.4%; the Taiwan TWSE inclined 0.4%; the Australian ASX 200 inclined 0.1%; the Singapore Straits Times Index rose 0.1%, and the Thai Set was steady. In late trading in Mumbai, the Sensex was down 0.1%The MSCI All Country Asia Pacific Index rose 0.3% on the day.

Hang SengNikkei 225Shanghai Composite

Asia59d ago

Samsung SDI, Mercedes-Benz Sign First EV Battery Supply Contract

Samsung SDI (KRX:006400) and German automaker Mercedes-Benz signed a multi-year agreement under which the former will supply batteries for next-generation electric vehicles to the latter, the battery and electronic materials manufacturer said in a Monday release.The batteries will feature high-nickel, cobalt, and manganese, which would offer high energy density, more driving range, long lifespan, and high power, the release said.The two firms will also collaborate on future mobility and develop next-generation battery technology, it said.Shares of Samsung SDI jumped nearly 5% at market close.

KRX:006400

Equities59d ago

Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Monday; AST SpaceMobile to Fall, Marvell to Rise

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Monday's opening bell.AST SpaceMobile (ASTS) tumbled by 13% premarket, after a 6% decline Friday. The company said the BlueBird 7 satellite was placed into a lower-than-planned orbit during the New Glenn 3 mission and will de-orbited.Strategy (MSTR) was 2.3% lower pre-bell, after closing the previous session with a roughly 12% jump.Rocket Lab (RKLB) was down 1.8% hours before market open, following a 2.3% increase from Friday's session.Nvidia (NVDA) fell by 1.2% in premarket activity, after a 1.7% increase from the previous session.Microsoft (MSFT) declined by 0.9% pre-bell, swinging from a 0.6% increase at Friday's close.Tesla (TSLA) was 0.7% lower in premarket hours, following a 3% gain from the previous session.Antero Midstream (AM) fell by 0.5% in pre-bell activity, following a 0.2% advance from the previous session.Marvell Technology (MRVL) advanced by 7.7% premarket, after a 4.7% rise from Friday's session. Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology to develop two new processors optimized for artificial intelligence inference tasks, The Information reported Sunday, citing two people with knowledge of the discussions.

$AM$ASTS$GOOG$GOOGL$MRVL$MSFT$MSTR$NVDA$RKLB$TSLA

Asia59d ago

Poly Property Group Unit Sells 1.5 Billion Yuan Bonds

Poly Property Group (HKG:0119) unit Poly Property Group Co. Ltd. issued 1.5 billion yuan of corporate bonds on Monday, according to a same-day Hong Kong bourse filing.The bonds have a coupon rate of 2.53% per annum and will mature in 3+2 years.The subsidiary will use proceeds to replenish its internal funds previously used to repay debt financing instruments.

HKG:0119

Asia59d ago

CGS Sells 4 Billion Yuan Bonds

China Galaxy Securities (HKG:6881, SHA:601881) or CGS completed the issue of 4 billion yuan of 1.5% commercial paper falling due in 184 days, according to a Monday Hong Kong bourse filing.The securities broker will use proceeds to supplement its working capital.

HKG:6881SHA:601881

Asia59d ago

NTPC Begins Commercial Operations for 87.5 MW of 150 MW Rajasthan Solar Project

NTPC (NSE:NTPC, BOM:532555) said 87.5 MW of solar capacity of a 150 MW project in Rajasthan has been declared on commercial operation, effective April 19, according to an Indian bourse filing on Friday.Shares of the company rose over 1% in Monday's trade.The capacity has been commissioned by a group company of NTPC Green Energy, the filing said.With this, the total commercial capacity of NTPC Green Energy group has increased to 10,363.90 MW from 10,276.40 MW, it added.

BOM:532555NSE:NTPC

Mining & Metals59d ago

Agnico Eagle To Buy Aurion Resources In All Cash Transaction For Near C$481M; Also Rupert Resources To Be Acquired By Agnico Eagle

$AEM.TO$AU.V$BTO.TO$RUP.TO

Mining & Metals59d ago

Jaguar Mining Reporting First Quarter 2026 Operating Results

$JAG.TO

Treasury59d ago

Commerzbank on Overnight News

Commerzbank in its "European Sunrise" note of Monday highlighted:Markets: United States Treasury and Bund futures gapped lower, then stabilized. UST curve bear-flattens with 10-year yields up 2bps. E-minis open lower, Asian stocks gain modestly. DXY reverses more than Friday's drop, with the euro (EUR) falling to $1.176. Brent jumps to US$96/barrel.Fed: Federal Reserve Governor Christopher Waller says he is cautious on lowering rates amid the risk of a prolonged impact on inflation. San Francisco Federal Reserve President Mary Daly says leaving rates unchanged would still restrain inflation.Strait of Hormuz: Iran reimposed restrictions on vessel traffic for as long as the U.S. blockade of Iranian ports continues. The U.S. boarded an Iranian-flagged cargo ship.Iran war: President Donald Trump says U.S. representatives are returning to Pakistan for negotiations, he renewed threats of broad attacks on Iran's infrastructure and stands by his comment that war is "close to over." Iran has no plans to participate in new U.S. talks, doesn't see clear prospects (state TV), but it's unclear whether the decision not to attend was final.UAE: The United Arab Emirates asks the U.S. for a wartime financial backstop, like a foreign exchange swapline (WSJ).==EUROPE:ECB: Euroepan Central Bank Governing Council (GC) member Martins Kazaks says it's not a given that the next rate move will be a hike, as inflation pressures would be much weaker if shortages tilt the economy closer to recession. GC member Alexander Demarco says it's a "bigger risk to rush raising rates" than to wait a bit longer. Both members wouldn't object to market bets for two rate hikes this year. GC member Martin Kocher warns against preemptive rate action.EU diplomats fear a rushed framework agreement with Iran will lock in weak commitments and spark new disputes, leaving the region more unstable than before (Reuters).Bulgaria: Former President Rumen Radev, who opposes sanctions on Russia and military aid for Ukraine, wins an absolute majority in parliament, says Europe needs to think about how to secure resources, as it isn't competitive without cheap energy.Ratings: Moody's downgrades Belgium to A1 from Aa3, changes outlook to stable from negative, and affirms Lithuania at A2/stable. DBRS confirms Italy and Slovakia at A (low)/stable, EU at AAA/stable.

$CXY$EUR

Mining & Metals59d ago

Agnico Eagle To Consolidate Finland's Central Lapland Greenstone Belt In Three Separate Transactions; Involves Rupert, Aurion, B2Gold

$AEM.TO$AU.V$BTO.TO$RUP.TO

Research59d ago

Seaport Global Downgrades Edison International to Neutral From Buy

Edison International (EIX) has an average rating of hold and mean price target of $73.79, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EIX

Wire59d ago

TechCreate, pQCee Collaborate on Quantum-Safe POS Terminals; Shares Rise Pre-Bell

TechCreate (TCGL) said Monday it plans to collaborate with pQCee to use post-quantum cryptography algorithms for its QR hybrid point-of-sale terminals.Under the collaboration, the company said it will explore integration of quantum-safe encryption into real-time payment systems.Shares of TechCreate were over 13% higher in Monday premarket trading.Price: $196.71, Change: $+23.87, Percent Change: +13.81%

$TCGL

Equities59d ago

Wells Fargo Adjusts Price Target on Devon Energy to $66 From $51, Maintains Overweight Rating

Devon Energy (DVN) has an average rating of overweight and mean price target of $58.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$DVN

US Markets59d ago

Eni Discovers Gas at Exploration Well Offshore Indonesia, Mulls Accelerated Development Options

Eni (ENI.MI) is considering accelerated development options after declaring a "giant" gas discovery at its Geliga‑1 exploration well offshore Indonesia, according to a Monday release.Located in Eni's 82%-owned Ganal block in the Kutei Basin, the well was drilled to a total depth of 5,100 meters. Based on initial estimates, the Italian energy company found in-place resources of 5 trillion cubic feet of gas and 300 million barrels of condensate in the Miocene interval.Eni scheduled a drill stem test to gauge the productivity of the reservoir. Given Geliga‑1's proximity to existing and planned infrastructures, Eni anticipates potential synergies in terms of time‑to‑market and cost optimization.Additionally, the latest finding sits next to the Gula gas discovery, which is not yet developed but has 2 tcf of gas and 75 million barrels of condensate in place. Combined, the Geliga and Gula resources offer the possibility of a third production hub in the Kutei Basin with the capacity to produce 1 billion standard cubic feet per day of gas and 80,000 barrels per day of condensate, according to preliminary evaluations.Moving ahead, the Geliga discovery boosts the value of its planned valorization of a 10% stake in the Eni Indonesia portfolio to a third party in 2026. Besides the sale, the Ganal production sharing contract is part of a 19-block portfolio that will be transferred to Searah, a company jointly controlled by Eni and and Malaysia-based oil giant Petronas.In the Kutei Basin, Eni will drill another well in 2026 and two wells in 2027, after completing drilling of four other exploration wells over the past six months.Eni shares gained over 3% in Milan, Italy, at midday Monday.

$ENI.MI

Research59d ago

Seaport Global Downgrades Eversource Energy to Neutral From Buy

Eversource Energy (ES) has an average rating of hold and mean price target of $71.30, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ES

Asia59d ago

Market Chatter: Cyfuse to Conduct First Human Trial of 3D-Printed Implant for Knee Repair

Keio University and Fujita Health University are collaborating with Cyfuse Biomedical (TYO:4892) to conduct the first clinical trial for a regenerative treatment that repairs damaged knee bone and cartilage, Nikkei Asia reported on Monday.The clinical trial uses a 3D-printed material made from cells harvested from human fat tissue, which is expected to offer a potential alternative to joint replacement surgery, the publication said.Starting as early as July, the trial will enroll five patients with idiopathic osteonecrosis of the knee, a condition that results in bone loss, the news agency 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.)

TYO:4892

Research59d ago

Truist Downgrades Doximity to Hold From Buy, Cuts Price Target to $29 From $37

Doximity (DOCS) has an average rating of overweight and mean price target of $37.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$DOCS

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Treasury59d ago

Commerzbank on Overnight News

$CXY$EUR