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CSC Financial Lists $4 Billion Yuan Note Program on Hong Kong Bourse

CSC Financial (SHA:601066) listed its $4 billion medium term note program on the Hong Kong Stock Exchange, effective April 13.The program allows debt issuance solely to professional investors within 12 months, according to a Tuesday filing with the Shanghai bourse.

SHA:601066

Asia62d ago

Energy Shock Impact on India Inflation to Pick Up in Next Months, Nomura Says

Nomura expects the impact of the energy shock due to the Middle East conflict to gain ground in India following a limited effect in March, according to a Tuesday research note.India's CPI inflation ticked up to only 3.4% year over year in March from 3.2% in February, aided by government subsidies for consumers, weak food inflation, and stable core inflation, the equity research firm said.Further price pressures should pass through in the next few months amid a general increase in input cost pressure and heightened margin pressure for firms, according to Nomura.Food price inflation may face strains from below-normal rains and El Niño, the research firm said.Inflation is moving toward slightly under 4% in April, while core inflation could rise to 3.8% from 3.5% last month, Nomura said.The research firm forecasts headline inflation at an average of 5% in fiscal 2027 and core inflation at 4.5% in average.

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Asia62d ago

Hunan TV & Broadcast Intermediary Expects Net Profit to Rise by 80 Million Yuan After Investee Company's Debut

Hunan TV & Broadcast Intermediary's (SHE:000917) net profit is expected to rise by approximately 80 million yuan after its investee company, Nanchang Sanrui Intelligence Technology (SHE:301696), debuted on the Shenzhen Stock Exchange, according to a Tuesday bourse filing.The unmanned aerial vehicles and robot power systems producer offered shares worth 24.68 yuan apiece on its debut on April 10.The Chinese media company's shares rose 1% during the afternoon trade.

SHE:000917SHE:301696

International62d ago

Middle East Escalation Could Cost Asia Up to $299 Billion, UNDP Warns

The ongoing military escalation in the Middle East could inflict economic losses of up to $299 billion across Asia and the Pacific, as higher fuel, freight and input costs ripple through regional economies, UNDP's latest assessment report release Tuesday showed.The report said the shock is weakening household purchasing power, increasing food insecurity, straining public budgets and undermining livelihoods, particularly in countries heavily reliant on imported energy and food, as well as those exposed to Gulf trade routes, labor markets and remittance flows.It estimated that under a 28-day disruption scenario, regional output losses could range between $97 billion and $299 billion, equivalent to 0.3% to 0.8% of GDP, with South Asia facing the most pronounced impact.Around 8.8 million people across 14 countries could fall into poverty, including more than 5 million in Iran, where the poverty rate may rise from 36% to 41.5%, according to the simulations.The report, prepared as of April 9, draws on inputs from 22 UNDP country offices covering 36 countries, alongside modelling and external data. It noted that outcomes will depend heavily on the duration and intensity of the conflict, with risks rising further if disruptions persist.

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Asia62d ago

Qualitas Real Estate Income Fund Declares March Distribution

Qualitas Real Estate Income Fund (ASX:QRI) said it has declared a distribution for March of AU$0.9846 per unit, up from the estimated AU$0.9517 per unit released on March 31, according to a Tuesday Australian bourse filing.The distribution represents an annualized distribution return of 7.25%, up from the previously estimated 7%, the filing added.

ASX:QRI

Asia62d ago

USP Group's Unit Secures IQAir Distribution Rights in Singapore

USP Group's (SGX:BRS) subsidiary, Supratechnic (S), secured exclusive distribution rights for the Swiss Air Quality Brand, IQAir, in Singapore, according to a Tuesday filing with the Singapore Exchange.Additionally, the subsidiary has also launched a digital platform named Suprayi to act as an advisory channel for IQAir products.

SGX:BRS

Asia62d ago

HomeCo Daily Needs REIT Sets Distribution Reinvestment Plan Price at AU$1.21 Per Unit

HomeCo Daily Needs REIT (ASX:HDN) said the distribution reinvestment plan (DRP) issue price is AU$1.21 per unit for the quarter ended March 31, according to a Tuesday Australian bourse filing.DRP units will be issued on or around May 22, ranking equally with existing securities, the filing added.

ASX:HDN

Asia62d ago

Market Chatter: Singapore's Interbank Rates Near Four-Year Lows as War Inflows Surge

Singapore's interbank rates are nearing four-year lows as conflict in the Middle East boosts capital inflows into the city-state, according to a report by Bloomberg on Tuesday.Foreign inflows have been backed by the outperforming local currency, further consolidated by the Monetary Authority of Singapore tightening its policy settings on Tuesday, the report noted.The Singapore dollar has outperformed other regional currencies since the outbreak of war between the US and Israel, 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.)

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Asia62d ago

Yancoal Australia Trading Halted on Pending Announcement

Yancoal Australia (ASX:YAL) said its trading will be halted at the company's own request due to a pending disclosure, according to a Tuesday filing with the Australian bourse.The halt will remain in force until the earlier of the start of trading on April 16 or the release of the statement, per the filing.

ASX:YAL

International62d ago

German Annual Wholesale Prices Up 4.1% in March

Germany's wholesale selling prices rose 4.1% year over year in March, after a 1.2% jump in February, the country's Federal Statistical Office said Tuesday.On a monthly basis, wholesale prices were 2.7% higher, against the previous 0.6% gain and the consensus estimate of a 0.4% growth.

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Asia62d ago

Vin's, Volt Auto Sign Deal to Offer Dongfeng Electric Vehicles in Singapore

Vin's Holdings (SGX:VIN) signed an agreement with Volt Auto to become an authorized channel partner for China Dongfeng Motor Industry Impo & Exp's latest electric vehicle lineup, according to a Tuesday filing with the Singapore Exchange.Under the partnership, the company will introduce three new Dongfeng electric vehicles to the Singapore market.Meanwhile, Vins and Volt Auto will also look into establishing a joint venture company, which will operate as the authorized workshop for all Dongfeng vehicles in the city-state.

SGX:VIN

Equities62d ago

Zenith Energy Says Tunisia Acknowledges Concessions Ownership, Oil Output

Zenith Energy (ZENA.OL, ZEN.L) said Tuesday that Tunisia acknowledged that the Robbana and El Bibane production concessions and the oil produced under the concessions are held by the former's Ecumed Petroleum Tunisia unit.The North African country made the submissions as part of the ongoing arbitration proceedings before the International Centre for Settlement of Investment Disputes, initiated by Zenith's subsidiaries, according to a Tuesday release.The 3,987 barrels of oil produced from the concessions remain unsold since 2022 due to repeated obstructions by Tunisian authorities, the energy production and development company said. Zenith also claims that the Robbana production concession site has been non-operational for the past year due to vandalism and theft, and will require a rehabilitation program to resume operations.

$ZEN.L$ZENA.OL

Asia62d ago

Nova Minerals Finds New Gold Anomaly at US Project, Shares Up 9%

Nova Minerals (ASX:NVA) said a "potentially significant" new gold anomaly was defined at Portage Pass from field observations and 2025 surface assays at its Estelle gold and critical minerals project in Alaska, according to a Tuesday Australian bourse filing.The company said the anomaly is supported by seven rock samples grading above 2 grams per tonne grade of gold, including a high of 14.3 g/t gold, and 10 soil samples grading above 0.5 g/t gold with a peak of 1.8 g/t gold.The geochemical signature is comparable to the multi-million ounce Korbel gold deposit across the ridgeline to the north, with mineralization appearing more consistent and higher grade, and strong potential for a valley-scale extension.The company has planned a 2026 soil sampling program, with a follow-up induced polarization geophysical survey to be undertaken in line with the exploration approach that led to the Korbel discovery.The company's shares rose 9% in recent Tuesday trade.

ASX:NVA

International62d ago

MAS Tightens Singapore's Monetary Policy Amid Inflation Risks

The Monetary Authority of Singapore (MAS) has tightened its monetary policy settings amidst the ongoing Iran conflict, according to April's policy statement released Tuesday.The central bank maintained the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to the width of the band or the level at which it was centered, the statement said.Following the breakdown in negotiations between the US and Iran, Singapore could be impacted by energy price volatility and supply chain disruptions.Meanwhile, 2026 forecasts for MAS Core Inflation and CPI-All Items inflation have been revised to between 1.5% and 2.5%."There ⁠are considerable risks around the outlook for inflation and growth," MAS said, adding that the Middle East situation is developing and remains highly uncertain.The central bank says the city-state's GDP growth is likely to slow down, with output gap expected to average around 0%.Core inflation was steady at 1.2% year over year during the January-February period, unchanged from the preceding quarter.

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Asia62d ago

Spark New Zealand Named Exclusive Telecoms Partner at Auckland Airport Duty-Free Precinct

Spark New Zealand (ASX:SPK, NZE:SPK) said it has been named the exclusive telecommunications partner at the international airport duty-free precinct in Auckland, strengthening its partnership with global travel retail operator Lagardère Travel Retail, according to a Tuesday New Zealand and Australian bourse filing.The agreement secures new prime store locations within the international arrivals area, making Spark the only telecommunications provider in a duty-free zone first to be seen by over 4.9 million overseas travelers annually, the filing added.

ASX:SPKNZE:SPK

Asia62d ago

99 Speed Mart Retail to Seek Renewal of Transactions Authority; Shares Gain 3%

99 Speed Mart Retail (KLSE:99SMART) will seek to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Monday Malaysian bourse filing.Shares gained over 3% in Tuesday's midday trade.The company will share a statement containing details of the plans with shareholders in due time, it said.

KLSE:99SMART

US Markets62d ago

Sika Affirms 2026 Outlook as Subdued Market, Currency Headwinds Weigh on Quarterly Sales

Sika (SIKA.SW) on Tuesday upheld its 2026 guidance even as first-quarter sales in Swiss francs declined 7% year over year due to foreign-currency impacts in a subdued global construction market.Net sales of the Swiss specialty chemicals group reached 2.49 billion francs in the three months ended March 31, down from 2.68 billion francs a year ago. Sales beat the FactSet-compiled consensus estimate of 2.45 billion francs.In local currencies, sales edged up 0.9% thanks to market share gains across all regions. Sales growth in Europe, the Middle East, and Africa accelerated to 3.6% from 0.7% as construction activity gained pace after the winter months. However, sales in the Americas fell 0.8% after a 4.9% rise in the 2025 first quarter, owing to winter storms and economic uncertainty. Asia-Pacific also declined 2.2% due to a double-digit drop in the Chinese construction business.While Sika flagged muted global market conditions in 2026, including a low single-digit percentage decline, it expects a gradual improvement in momentum for the construction industry after a softer first half. As such, the company maintained its expectations for sales to increase between 1% and 4% in local currencies in 2026, in line with its target of outperforming the market by 3% to 6%. Sika also confirmed its medium-term strategic targets for "sustainable, profitable" growth under the Strategy 2028.Additionally, Sika made targeted structural adjustments in China and implemented operational improvements in other markets as part of its Fast Forward program, through which it is on course to deliver 80 million francs of savings in 2026 and 150 million francs to 200 million francs annually at full run rate by 2028."We are accelerating our investment in product innovation and improving our customer value proposition," Chief Executive Officer Thomas Hasler said. "We are watchful on the impact of events in the Middle East. We expect global market conditions to remain muted in 2026 and we are acting preemptively."

$SIKA.SW

Asia62d ago

New Zealand Shares Flat Despite Hopes of US-Iran Peace Talks; Winton Land Secures Approval for Ayrburn Screen Hub Under Fast-Track Act

New Zealand shares ended flat on Tuesday while most Asian stocks saw gains as investors hope for a US-Iran peace agreement.The S&P/NZX 50 Index was little changed to close at 13,017.26.Dialogue between the US and Iran is "still alive," even after the failed negotiations that took place in Islamabad, Pakistan, according to a Monday Reuters report, citing sources familiar with the matter.Also, US President Donald Trump said on Monday that Iran "called this morning" and wants to make a deal, but he will not agree to an agreement that does not forbid Iran from having a nuclear weapon, according to a Monday Reuters report."The failed weekend talks did not produce a deal, but they also did not close the door on diplomacy, and that is enough for equities to keep pushing higher for now," said Charu Chanana, Saxo's ⁠chief investment strategist, as quoted by Reuters in a separate report.In domestic news, the share of first home buyers' property purchases in New Zealand in the March quarter was over 27%, buoyed by lower house prices, reduced mortgage rates, and policy measures, Cotality said.In corporate news, Winton Land (NZE:WIN, ASX:WTN) received conditional approval from the expert panel for the Ayrburn Screen Hub under the Fast-track Approvals Act, with the decision now subject to a 20 working day appeal period.Westpac Banking (NZE:WBC, ASX:WBC) will boost credit provisions for customers in energy-intensive sectors due to the volatility and economic uncertainty created by the Middle East conflict.

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Asia62d ago

Shanghai Electric Power Plans Financial Services Deal with SPIC Hong Kong Treasury Management

Shanghai Electric Power (SHA:600021) said its Hong Kong subsidiary plans to sign a three-year financial services agreement with related party SPIC Hong Kong Treasury Management.The deal, subject to shareholder approval, includes up to 60 billion yuan in loans, $500 million in daily deposits and 20 million yuan for other services.SPIC Hong Kong Treasury Management is a wholly-owned unit of the company's controlling shareholder, State Power Investment.Shares of the power company declined 1% in recent trade.

SHA:600021

Asia62d ago

Top Glove Issues Shares on Exercise of Warrants

Top Glove (SGX:BVA, KLSE:TOPGLOV) issued 500 new ordinary shares worth SG$0.40 apiece, arising from the exercise of warrants, according to a Tuesday Singapore Exchange filing.The issued shares will be listed on April 15, the filing said.

KLSE:TOPGLOVSGX:BVA

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US Markets62d ago

Sika Affirms 2026 Outlook as Subdued Market, Currency Headwinds Weigh on Quarterly Sales

$SIKA.SW