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Shenzhen Energy to Invest $197 Million in Kazakh Eco-Park Project

Shenzhen Energy Group (SHE:000027) plans to invest $196.6 million in Kazakhstan's Astana Energy Eco-Park Project, according to a Shenzhen bourse filing on Wednesday.The investment will be made through the company's overseas subsidiaries by injecting capital in them.The project includes the installation of two moving-grate incinerators, each with a treatment capacity of 750 tons per day, and ultra-high-pressure waste heat boilers. The installed generating capacity will be 50 megawatts. The project will be sustained by a 110-kilovolt transmission line to be constructed by the local government.The Chinese power company's shares rose 2% at the close.

SHE:000027

Asia9h ago

Hunan Gold's Unit Raises Capital After Merger

Hunan Gold (SHE:002155) said its unit, Gansu Chenzhou Mineral Development, raised its registered capital to 183.9 million yuan after the completion of a merger with another unit, according to a Wednesday disclosure on the Shenzhen bourse.Gansu Chenzhou merged with and absorbed Gansu Jiaxin Mining, with the former taking over all of Gansu Jiaxin assets and liabities, as well as other rights.Hunan Gold retained its 80% equity interest in Gansu Chenzhou after the transaction.The gold miner's shares rose nearly 4% at the close.

SHE:002155

Commodities9h ago

Asia Biofuels Update: Palm Oil Falls Along With Soybean Oil

Malaysian palm oil futures slipped further on Wednesday as soybean oil on the Chicago and Dalian exchanges declined, while a lack of firm export trends kept traders on the sidelines.The Bursa Malaysia Derivatives' August crude palm oil contract fell 0.18% to 4,527 Malaysian ringgit ($1,106.28) per metric ton. The September contract dropped 0.20% to 4,565 ringgit/mt.AmSpec Agri Malaysia reportedly estimated a 0.9% month-over-month decline in Malaysia's July 1-20 shipments. At the same time, Intertek Testing Services approximated a 4.1% rise."..the data divergence is notable, casting doubt on the sustainability of export momentum," price reporting agency MySteel said.In June, exports rebounded month over month but fell below the previous year's level, "due to softer oils and fats consumptions in major markets such as China and India amid the lingering impact of the West Asia conflict," according to the Malaysian Palm Oil Council."...near-term vegetable oil demand remains moderate across major importing countries," it said, noting the currently high stock levels in India, driven by weak demand due to inflationary pressure.Going forward, the market could see a recovery in Indian demand ahead of the Diwali festival and could receive some boost from Indonesia's 50% palm-based biodiesel blending and potential yield impact from the El Nino weather phenomenon.However, "although the development of El Nino suggests future production reduction risks, current fundamental pressures are significant, and a breakout trend is unlikely in the short term," MySteel said.The MPOC projects palm oil prices to trade between 4,400 ringgit/mt and 4,650 ringgit/mt in August, but soft demand and elevated inventories will likely cap further upside.

Asia9h ago

Oracle Financial Services Allots Shares Under Incentive Scheme

Oracle Financial Services Software (NSE:OFSS, BOM:532466) allotted 3,371 shares to eligible employees.The shares were allotted to employees exercising their stock options under the OFSS Stock Plan 2014, according to a Wednesday Indian bourse filing.Following the allotment, the IT services company's paid up capital increased to 435.4 million Indian rupees divided into nearly 87.1 shares.

BOM:532466NSE:OFSS

Oil & Energy9h ago

EMEA Oil Update: Brent Extends Rally Amid Red Sea Threats, Strait of Hormuz Shutdown

Brent crude futures extended rally on Wednesday gaining more than 2% as Middle East military strikes and tanker attacks effectively paralyzed traffic through the Strait of Hormuz, forcing oil markets into a supply panic.The Brent futures surged 2.6% to $93.40 per barrel. Murban futures closed at $85.77/bbl on July 21 and were not trading by the time of publication of this oil price update."Crude oil prices rallied, as risks of further supply disruptions mounted," ANZ analysts noted.Following recent attacks on vessels in the Strait of Hormuz, the narrow waterway has been deserted, with zero commercial ships transiting, analysts noted.The prospect of a diplomatic offramp also evaporated after Iranian attacks on US military sites prompted President Trump to reportedly declare that Tehran would face severe consequences, while dismissing reports of an imminent meeting.Compounding the crisis, Yemen's Houthi militants issued electronic warnings advising shipowners not to call at Saudi Arabian ports, threatening maritime traffic in the Red Sea and prompting at least three tankers to take U-turns in the southern Red Sea.This directly threatens Saudi Arabia's primary alternative export lifeline. Shipments via its Red Sea Yanbu terminal had reportedly reached record levels of 5.9 million barrels per day in the week ending July 17 before slipping to 5.5 mb/d by July 20.Adding to global supply strains, disruptions also surfaced outside the Middle East following an attack on the Caspian Pipeline Consortium terminal on Russia's Black Sea coast, which handles roughly 1.8 mb/d of Kazakh exports."The risks to supply sent Brent crude above $90/bbl, with further gains likely if the disruptions in the Middle East persist," ANZ analysts noted.In response to the tightening supply crisis, India has intensified its reliance on Russian crude, with June imports topping 2.3 mb/d and holding near that pace through July despite ongoing western sanctions pressure, according to a Bloomberg report.On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories increased by 2.603 million barrels in the week ended July 17.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Asia9h ago

FangDa Carbon New Material to Increase Deposit Quota in Partner Bank

FangDa Carbon New Material (SHA:600516) will increase its deposit quota in partner bank Jiujiang Bank to 4.20 billion yuan from 50 million yuan, according to a Wednesday filing with the Shanghai bourse.The carbon products manufacturer holds a 4.78% stake in Jiujiang Bank with one director serving in the bank's board.

SHA:600516

Asia9h ago

Shenzhen Expressway Issues 1 Billion Yuan Medium-Term Bonds

Shenzhen Expressway (SHA:600548, HKG:0548) issued medium-term bonds worth 1 billion yuan, the company's phase II issuance of such bonds, according to a Hong Kong disclosure on Wednesday.The bond has an interest rate of 1.55% and a term of three years, maturing July 21, 2029.China Merchants Bank (SHA:600036, HKG:3968) is the bookrunner and the lead underwriter of the issuance. Agricultural Bank of China (SHA:601288, HKG:1288) is also a lead underwriter.

HKG:0548HKG:1288HKG:3968SHA:600036SHA:600548SHA:601288

Asia9h ago

China Shares Slip as Middle East Conflict Continues; Optowide Technologies Up 5%

Chinese shares closed lower on Wednesday as appetite for equities was dampened by the escalating Middle East conflict.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.1% lower to 3,867.03. The Shenzhen Component Index fell 1.4% to 14,061.44.Concerns about a protracted Middle East conflict and its global market implications rose as the U.S. continued airstrikes in Iran. Escalating conflict, stalled diplomacy, and rising energy prices led the market to shift from equities to safe-haven assets.On the regulatory front, Chinese authorities are looking to implement stricter export controls on artificial intelligence and semiconductor technologies amid intensifying AI rivalry with the U.S. Officials led by the Commerce Ministry have been in talks with local AI and chipmaking groups and companies to prevent the pirating of Chinese technologies and startups.In company news, Optowide Technologies (SHA:688195) forecasted first-half attributable net profit of between 48.0 million yuan and 52.0 million yuan, compared with 36.6 million yuan the previous year. Shares of the precision optics and fiber components manufacturer closed 5% higher Wednesday.

Shanghai Composite^SZSESHA:688195

Insider Trading9h ago

Phillips 66 Insider Sold Shares Worth $7,435,346,884, According to a Recent SEC Filing

Vanessa Allen Sutherland, Executive Vice President, General Counsel and Secretary, on July 20, 2026, sold 4,086 shares in Phillips 66 (PSX) for $7,435,346,884. Following the Form 4 filing with the SEC, Sutherland has control over a total of 27,537 common shares of the company, with 27,537 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1534701/000153470126000026/xslF345X05/wk-form4_1784672731.xml

$PSX

Equities9h ago

Saudi Kayan Petrochemical's H1 Net Loss Inches Up; Revenue Down

Saudi Kayan Petrochemical (SASE:2350) said Wednesday that its net loss for the first half increased, while revenue declined year over year.Net loss attributable to shareholders of the issuer for the six months ended June 30 was 1.29 billion Saudi riyals, compared with a net loss of 1.27 billion riyals a year ago. Loss per share moved to 0.86 riyal from 0.85 riyal.The Saudi Arabia-listed chemical and polymer manufacturer's revenue was 3.50 billion riyals, compared with 4.29 billion riyals earlier.

SASE:2350

Insider Trading9h ago

United Airlines Holdings Insider Sold Shares Worth $18,807,047, According to a Recent SEC Filing

J Scott Kirby, Director, Chief Executive Officer, on July 21, 2026, sold 159,321 shares in United Airlines Holdings (UAL) for $18,807,047. Following the Form 4 filing with the SEC, Kirby has control over a total of 810,851 common shares of the company, with 797,851 shares held directly and 13,000 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/100517/000010051726000142/xslF345X05/wk-form4_1784682988.xml

$UAL

Asia9h ago

Japanese Stocks Fall As Investors Turn Cautious Ahead of Tech Earnings; Oil Gains

Japanese stocks fell after investors turned cautious ahead of earnings reports from US Big Tech majors, including Alphabet and Tesla, and amid volatility in semiconductor shares.The benchmark Nikkei 225 closed down 116.59 points, or 0.18%, at 66,115.60.Oil prices rose amid fading hopes of US-Iran talks, and fresh threats from Iran-backed Houthis to widen the Middle East conflict fuelled crude supply concerns.On the corporate side, SoftBank (TYO:94340) launched the beta version of its data ecosystem platform, GaranAI, supporting generative artificial intelligence development while protecting the rights of content owners in Japan, according to a Wednesday filing.Also, Mitsubishi Electric (TYO:6503) and Sony Group's (TYO:6758) Sony Semiconductor Solutions agreed to establish Advanced Vision Solutions, a joint venture focused on automation in the manufacturing industry.

Nikkei 225TYO:6503TYO:6758TYO:94340

Asia9h ago

Update: Market Chatter: Samsung Mulls EUR1 Billion Investment in French AI Startup

(Updates to add that Mistral declined to comment to)Samsung Electronics (KRX:005930) is in discussions with France-based AI startup Mistral regarding a potential 1 billion euro investment, Financial Times reported, citing people familiar with the matter.The investment is a portion of a wider fundraising round that could put the group's valuation at about 20 billion euros, part of its efforts to secure deals with semiconductor producers amid a supply crunch and become a main alternative to US AI models, the report cited the people as saying.Scaleup Europe Fund, owned by Sweden-based EQT, is also in talks with Mistral for the fundraising rounds, the report cited the people as saying.Mistral declined to comment, while Samsung and EQT 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.)

KRX:005930

Asia9h ago

South Korean Shares Close Higher for Second Day on Overnight Wall Street Gains

South Korean shares closed higher on Wednesday for a second straight day on overnight Wall Street gains, ahead of second-quarter earnings releases of US big tech companies.U.S. stocks rebounded on Tuesday, with the Dow Jones Industrial Average gaining 0.74%, the S&P 500 adding 0.89% and the Nasdaq Composite climbing 1.3%, as all three indexes snapped three-day losing streaks.The Korea Composite Stock Price Index, or Kospi, increased by 49.75 points, or 0.7%, to end at 6,797.7. The Kosdaq fell by 2.25 points, or 0.3%, to close at 751.09.In economic news, South Korea's producer price index (PPI) increased 8.6% year over year in June, according to preliminary data from the Bank of Korea released on Wednesday. The reading remained unchanged from the previous month but exceeded Trading Economics' forecast of 8.2%.PPI inflation across agricultural, forestry and marine products, and services was unchanged in June from May, while that of manufacturing products slowed. Out of all the primary sectors, only utilities posted an acceleration in producer price growth.On a month-over-month basis, South Korea's PPI was flat after rising for nine straight months.In corporate news, Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), introduced an integrated vehicle-to-everything (V2X) service called AllDayEnergy around the world, which would allow electric vehicles to double as mobile energy sources.The automotive group will work with Hana Financial Group (KRX:086790) subsidiary Hana Bank to introduce "AllDayEnergy My Heart Savings Account," Hyundai Motor Group said in a Tuesday release.V2X allows two-way power flow between electric vehicle batteries and the grid, enabling users to lower charging costs and generate revenue. The service stores electricity during off-peak hours and supplies it when the requirement is higher, it said.Shares of Hyundai Motor jumped nearly 5% while those of Kia added about 2% at market close.In other news, Unionized workers at Kakao Corporation (KRX:035720) subsidiary Kakao Bank voted to carry out a full-scale strike on July 31 after failed talks with management over salary hikes and other benefits, Yonhap News reported Wednesday.The bank's union and management are at odds over wages and benefits after no agreement was reached during negotiations, despite the bank posting record first-quarter operating income and revenue, the report said.Kakao Corp. has also faced continued wage-related disputes, with union members carrying out strikes last month, according to the report.The company did not immediately respond to a request for comment from.Shares of Kakao Corp. added nearly 1% at market close.

^KOSDAQKOSPIKRX:000270KRX:005380KRX:035720

US Markets9h ago

UK Inflation Falls to 2.6% in June as Fuel, Food Price Hikes Ease

Britain's annual inflation rate came in cooler than expected in June, driven by a deceleration in motor fuel and food expenses.Consumer price growth was at 2.6% year over year in the month, down from May's 2.8%, according to data from the Office for National Statistics released Wednesday. The latest figure came in below the consensus estimate of 2.7%."A fall in motor fuel prices, particularly diesel, helped ease inflation in June," ONS Chief Economist Grant Fitzner said. "Food prices fell this month, driven by products including chocolate, margarine and beef."Transport prices rose by 5.7% annually in June, down from 6.8% a month ago. Meanwhile, the annual increase in food and non-alcoholic beverage costs eased to 1.7% from May's 2.2%.Excluding energy, food, alcohol and tobacco, the annual inflation rate remained at 2.6%, against the market forecast of 2.5%The Confederation of British Industry noted the latest inflation print came "broadly in line" with its expectations."We expect this easing will prove temporary. Inflationary pressures are likely to firm over the next few months, reflecting the ongoing impact of the Iran conflict on energy bills and some passthrough to domestic prices. Renewed tensions in the Middle East mean that households and businesses will continue to face an uncertain and volatile outlook as we head towards autumn," said Martin Sartorius, lead economist at the CBI.Against this backdrop, the CBI expects the Bank of England to hold its key rate steady at 3.75% on July 30 as the central bank is anticipated to favor a "wait and see" stance. Despite persistent downside risks, Sartorius said near-term rate hikes are "unlikely" amid "a loosening [labor] market, soft domestic activity, and tighter financial conditions."

FTSE 100

Asia10h ago

Chinese Cross-Border E-Commerce Buyers Reach 140 Million in H1

The number of cross-border e-commerce platform shoppers in China reached 140 million people in the first half, Xinhua News Agency reported Wednesday, citing remarks by Customs Chief Sun Meijun in a press briefing.Exports through overseas warehouses increased 3.3 times during the period, according to the state-owned news agency.In 2025, total cross-border e-commerce imports and exports rose 4.8% year over year to 2.84 trillion yuan, the report said, citing Customs.

Shanghai Composite^SZSE

Asia10h ago

Bharat Forge Signs MOU for Airship Manufacturing Project

Bharat Forge (NSE:BHARATFORG, BOM:500493) signed a memorandum of understanding with the French-Canadian company FLYING WHALES to jointly develop, manufacture, and deploy advanced airships.The FLYING WHALES-Bharat Forge airships will be manufactured for India's defence and strategic operational requirements, according to a Wednesday Indian bourse filing.The cooperation centers around the LCA60T platform-FLYING WHALES next-generation heavy-lift airship which can transport up to 60 tonnes of cargo.

BOM:500493NSE:BHARATFORG

Treasury10h ago

Saudi Cable Bags SAR20 Million Credit Facility

Saudi Cable Co (SASE:2110) secured a 20 million-Saudi-riyal Shariah-compliant financing from The Saudi Investment Bank.The renewable credit facility will mature on May 31, 2027, according to a Wednesday filing. The cable company plans to use the funds to support its strategic operational plans.

SASE:2110

Asia10h ago

China to Expand Imports of Key Items, Diversify Sources

The Chinese government will expand imports of key technology equipment and components, energy resources, and agricultural products, and diversify sources, Xinhua News Agency reported Wednesday, citing remarks by Customs Chief Sun Meijun during a press briefing.Beijing will extend efforts to coordinate imports and exports, sign more trade cooperation deals, and help ease the entry of global merchandise to the Chinese market, the report said.

Shanghai Composite^SZSE

Asia10h ago

Molong Petroleum Machinery Eyes HK$115.7 Million from Share Placement; Shares Climb 5%

Shandong Molong Petroleum Machinery (HKG:0568, SHE:002490) agreed to place nearly 25.7 million new Hong Kong-listed shares to raise net proceeds of HK$115.7 million, according to a Tuesday Hong Kong bourse filing.Shares of the energy equipment supplier were up nearly 5% in Wednesday afternoon trading.The shares will be issued at HK$4.58 apiece to six or more investors.The shares represent around 9.11% of the company's Hong Kong-listed shares and 3.12% of its total shares as enlarged by the placement.The company will use proceeds to repay borrowings and for working capital and general corporate purposes.

HKG:0568SHE:002490

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Asia9h ago

South Korean Shares Close Higher for Second Day on Overnight Wall Street Gains

^KOSDAQKOSPIKRX:000270KRX:005380KRX:035720