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GS Yuasa to Issue 10 Billion Yen Worth of Green Bonds

GS Yuasa (TYO:6674) plans to issue 10 billion yen worth of 10-year green bonds at an annual coupon rate of 3.443%, the Japanese storage battery maker said in a Friday filing with the Tokyo Stock Exchange.The bonds will mature on Sept. 10, 2036, and are rated A by Japan Credit Rating Agency, the filing said.Proceeds will be used to finance or refinance eligible green projects, it said.

TYO:6674

US Markets1d ago

German Monthly Manufacturing Orders Rise in July on Large-scale Transport Deals

A jump in transport equipment orders boosted overall German monthly factory orders in July, according to preliminary data from the country's Federal Statistical Office published Friday.Seasonally and calendar-adjusted manufacturing orders for July climbed 2.5% month on month, beating market expectations of a 0.3% gain and following the revised 3.7% growth in June.The positive headline figure was attributed almost entirely to large-scale contracts in transport equipment, including ships, trains and aircraft. The 126.4% surge in heavy transport orders helped offset a 12.5% decline in the automotive segment.According to Destatis, excluding these mega orders, factory demand slipped by 1.4% month over month.Meanwhile, capital and intermediate goods orders grew by 2.4% and 4.3%, respectively. In contrast, consumer goods recorded a 4.8% drop.July orders were also supported by a 9.1% rise in domestic sales and a 12.1% gain in orders from the eurozone. However, total foreign demand declined by 2.1% as orders outside the euro area slumped 10.1%.On a yearly basis, calendar-adjusted order growth accelerated to 13.1%, after June's revised 7.2% increase. While the three-month average rose 2.9%, excluding the large-scale deals showed a 2.2% contraction for May to July.

^SXXP

Asia1d ago

Jiuzhou Pharma Announces Cash Dividend for H1

Zhejiang Jiuzhou Pharmaceutical (SHA:603456) proposed to distribute a cash dividend of 1 yuan for every 10 shares to shareholders for the first half of the year, according to a Shanghai bourse filing on Friday.The pharmaceutical company's cash dividend for the period totaled 86.6 million yuan.

SHA:603456

Asia1d ago

Dynamic Map Eyes Acquisitions to Accelerate Vertical Integration

Dynamic Map (TYO:336A) is currently evaluating multiple acquisition opportunities to accelerate vertical integration and expand its surveying network, according to a Tokyo bourse filing on Friday.This follows the high-precision 3D map data platform company's IPO in 2025, which enabled renewed M&A activity after the 2019 acquisition of Ushr.The company is shifting from project-based to license-based revenue, capitalizing on rapid Physical AI market growth and rising enterprise demand from automakers, semiconductor firms, and autonomous driving developers.Dynamic Map was established with funding from major Japanese automakers under a government initiative and subsequently expanded globally by acquiring a U.S.-based HD map company backed by General Motors.

TYO:336A

Asia1d ago

ApicHope Pharmaceutical's Gout Drug Meets Primary Endpoint in Drug Trial

ApicHope Pharmaceutical (SHE:300723) said its gout drug, AR882, achieved the primary endpoint in a third phase trial for hyperuricemia patients.The 75-milligram group showed an 86.0% response rate, significantly outperforming febuxostat, according to a Friday filing with the Shenzhen bourse.AR882 demonstrated a favorable safety profile, with no permanent discontinuations or deaths due to adverse events.Shares of the pharmaceutical company were down 3% Friday.

SHE:300723

Asia1d ago

Shida Shinghwa Advanced Material Subsidiary to Invest in Lithium Battery Electrolyte Facility

Shida Shinghwa Advanced Material (SHA:603026) subsidiary Shenghua New Materials Technology (Lianjiang) will invest 687.1 million yuan for the construction of a lithium battery electrolyte facility.The factory, which will be located in Lianjiang, Fujian, China, will have a capacity of 200,000 tons per year across an area of 100,003 square meters. Construction is slated for 12 months, according to a Friday filing with the Shanghai bourse.

SHA:603026

Research1d ago

Update: Scotiabank Initiates SoFi Technologies at Sector Outperform, With $25 Price Target

(Updated to include price target in headline.)SoFi Technologies Inc (SOFI) has an average rating of hold and mean price target of $20.05, 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://finwires.com/en/contact)

$SOFI

Asia1d ago

Tobu Railway Plans 20 Billion Yen Unsecured Bond Issue

Tobu Railway (TYO:9001) will issue 20 billion yen of 138th and 139th series domestic straight unsecured unguaranteed bonds, split equally between five-year and seven-year securities, respectively, according to a Tokyo bourse filing on Friday.The railway operator said it will issue 10 billion yen of five-year bonds at an annual interest rate of 2.590%, with redemption scheduled for Sept. 12, 2031.The second 10 billion yen seven-year bond offering has an annual coupon of 2.964%, with redemption scheduled for Sept. 15, 2033, and payment for both issues is due on Sept. 15.

TYO:9001

Asia1d ago

Fujian Highton Development Signs 200 Million Yuan Share Placement Deal With Two Investors

Fujian Highton Development (SHA:603162) agreed to place 200 million yuan worth of shares to two investors, according to a Friday disclosure on the Shanghai bourse.Fuzhou Dayunming Investment and Fuzhou Dalan Investment will subscribe for 100 million yuan of shares in the company each.The ocean dry bulk cargo transportation company's shares jumped 10% at the close.

SHA:603162

Asia1d ago

Sumitomo Forestry to Issue 243.5 Billion Yen Worth of Hybrid Bonds

Sumitomo Forestry (TYO:1911) plans to issue 243.5 billion yen of publicly offered hybrid bonds in three series, with maturities ranging from 2061 to 2066, the Japanese logging and processing firm said in a Friday filing with the Tokyo Stock Exchange.The first series is of 130 billion yen with an initial interest rate of 3.310%, the second is of 63.5 billion yen at 3.824%, and the third totals 50 billion yen at 4.343%, the filing said.The bonds, with a maturity date of Sept. 10, 2061, will be primarily offered to institutional investors in Japan and are unsecured and unguaranteed. The payment date is Thursday, Sept. 10, 2026, it said.

TYO:1911

Asia1d ago

Hong Kong Stocks Rise on Easing Rate Fears; InSilico Medicine Gains 4%

Hong Kong stocks closed higher Friday after U.S. Federal Reserve Governor Christopher Waller's comments eased concerns over another U.S. rate hike, lifting sentiment ahead of U.S. jobs data.The Hang Seng Index gained 437.56 points, or 1.7%, to close at 25,650.87, while the Hang Seng China Enterprises Index rose 169.79 points, or 2%, to 8,555.03.Waller said he would favor keeping interest rates steady if inflation continues to cool, helping boost global markets. Investors also watched developments in China's artificial intelligence sector after Moonshot AI reportedly filed confidentially for a Hong Kong IPO seeking to raise about $3 billion.Baidu (HKG:9888) which completed conversion from a secondary listing to a dual primary listing on the Hong Kong Stock Exchange earlier this week rose nearly 5%.In corporate developments, KFM Kingdom (HKG:3816) said it was unaware of reasons for unusual share price and trading activity, while its major shareholder KIG Real Estate said it was exploring potential transactions involving the company. KFM Kingdom shares rose nearly 4%InSilico Medicine (HKG:3696) also rose nearly 4% after Chairman Aleksandrs Zavoronkovs said he plans to buy up to HK$16 million of the company's shares in the secondary market this month using his personal funds.

Hang SengHKG:3696HKG:3816HKG:9888

International1d ago

Taiwan's Forex Reserves Rise to $601.90 Billion in August

Taiwan's foreign exchange reserves rose by $7.63 billion to $601.90 billion as of the end of August, the Central Bank of the Republic of China (Taiwan) said in a Friday release.The pace compared with a $2.88 billion decrease recorded at the end of the previous month.The central bank attributed the change to returns from foreign exchange reserves management, exchange rate movements of other reserve currencies against the USD, and measures by the central bank to smooth out volatile capital flows.

Taiwan Weighted

Asia1d ago

Market Chatter: Chinese Rare Earth Companies Hold Back US Shipments Amid Beijing Concerns

Sources said some Chinese rare earth suppliers are refusing to ship materials to U.S. customers, fearing possible retaliation from Beijing, Reuters reported Friday.The reluctance highlights continuing uncertainty over U.S. access to critical minerals ahead of Chinese President Xi Jinping's planned Sept. 24 visit to Washington, according to the report.Several suppliers halted shipments after China sanctioned the Responsible Business Alliance in August, raising concerns over compliance with its mineral-sourcing rules and potential penalties from Chinese authorities, Reuters wrote.was unable to reach China's Ministry of Commerce for comment.(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.)

Shanghai Composite^SZSE

International1d ago

S&P: UK's Construction PMI Weakens Further in August

Britain's construction sector remained in a downturn in August amid declines in residential, commercial and civil engineering activity levels, S&P Global said Friday.The S&P Global UK Construction PMI stood at 44.3, lower than the previous month's 44.7 and the consensus estimate of 45.8. The latest reading marks the 20th straight month the index came in below the neutral 50 threshold.

FTSE 100

US Markets1d ago

Volkswagen Shares Gain as Supervisory Board Approves Transformation Plan; 50,000 Jobs at Risk

Volkswagen (VOW.F) shares rose on Friday morning after the company's supervisory board approved a transformation plan that includes cutting 50,000 jobs across the group.Future Plan 2030, dubbed as "the most extensive transformation program" in the German carmaker's history, focuses on strengthening its financial base by simplifying the group structure, establishing a competitive production footprint and adjusting its workforce structure, according to a Thursday release.The company's shares were up 5% in early trading in Frankfurt.Acknowledging that its European plants have excess capacity of more than 500,000 units, the company plans to establish a "sustainable and competitive production structure" by the end of June 2027. It will also review options for its German plants in Emden, Zwickau, Hanover and Neckarsulm.Volkswagen also plans to streamline its model portfolio by 50% and cut product complexity by 75% by 2035, allowing it to focus on its most compelling vehicles.On the planned job cuts, the company said a "fundamental adjustment of the global workforce capacity is necessary to achieve the objectives of the transformation program and safeguard the competitiveness of the Volkswagen Group." Discussions with employee representatives regarding the proposed workforce adjustment, which includes management roles, are expected to start promptly."The Supervisory Board has unanimously approved the Executive Board's Future Plan presented today. This is a strong signal for the future of the Volkswagen Group," Volkswagen Chief Executive Oliver Blume said. "We are taking responsibility for our entire workforce, for our partners and for industrial jobs worldwide. Over the coming years, we will invest a three-figure billion sum to make our iconic brands even more attractive, stronger and more competitive."

$VOW.F

International1d ago

Kusuri No Aoki's All-Store Sales Up 10.7% in August

Kusuri No Aoki's (TYO:3549) all-store sales increased by 10.7%, while existing-store sales added 0.7% in August from a year earlier.The drugstore chain's all-store customer traffic climbed 9% while that in existing stores fell 1.6%, according to its Tokyo bourse filing on Friday.Average customer spending was up 1.5% across all stores, while that in existing stores was up 2.3%, the release said.Shares of Kusuri No Aoki added over 1% at market close.

TYO:3549

Asia1d ago

Apogee Optocom Swings to Profit in Q2

Apogee Optocom (TPE:6426) posted consolidated net profit attributable to owners of NT$37 million in July or NT$0.96 per share, compared with a loss a year earlier.July revenue jumped 53% year-on-year to NT$78 million, according to a Friday filing.For the second quarter, profit attributable to owners reached NT$86 million, or NT$2.22 per share, reversing a year-earlier loss.Revenue for the three months soared 82% year-on-year to NT$208 million, it said.

TPE:6426

International1d ago

Overnight Stays in Swiss Hotels Up 0.5% in July, Flash Data Shows

Switzerland's hotel sector recorded a 0.5% year-over-year rise in overnight stays in July, according to provisional figures from the Federal Statistical Office published Friday.Hotel bookings by Swiss nationals increased 3.9% on a yearly basis, while bookings from foreigners fell 2.4%.From January to July, hotels in the country reported a 0.5% annual decrease in overnight stays.

^SSMI

Commodities1d ago

Market Chatter: GE Vernova, Venezuela Deal to Stabilize Power Grid in 6-12 Months

The recently signed deal between Venezuela and US energy equipment company GE Vernova (GEV) aims to stabilize the nation's deteriorating electrical grid within six to 12 months, Reuters reported Friday, citing US Energy Secretary Chris Wright.The agreement focuses on restoring existing infrastructure to strengthen the grid and prolong service hours, Wright reportedly said. This includes the rehabilitation of the Guri Dam, which was built in the 1960s and has been 50% underutilized due to old equipment.GE Vernova, on Sep. 2, signed a deal to "modernize and expand Venezuela's electric grid," beginning with 1 gigawatt of power targeted to be brought online within one year, according to a fact sheet by the US Department of Energy. A further 5 GW of electricity will be added over the next four years.The company did not immediately respond to' request for comment.(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.)

$GEV

Asia1d ago

Kanamoto to Acquire Takasaki Jimuki for Business Expansion

Japanese construction company Kanamoto (TYO:9678) will wholly acquire Takasaki Jimuki and its subsidiaries, TJR and Kondo Lease, to boost its business in Japan, according to a Friday filing with the Tokyo Stock Exchange.Takasaki Jimuki has a total share capital of 80 million yen.Kanamoto aims to expand its business and services in the Kanto area by combining its nationwide sales network and customer base with Takasaki Jimuki's expertise in on-site facilities, the filing said.Takasaki Jimuki provides unit houses, temporary toilets, transportation, installation, and maintenance services, and has a strong customer base and operational expertise in the Kanto area, it said.Shares of Kanamoto rose nearly 1% at market close.

TYO:9678

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