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Coles Group Shares Flat Amid ACCC Phase One Review of Proposed Western Australia Store Lease

Coles Group's (ASX:COL) shares were flat on Monday after the Australian Competition and Consumer Commission (ACCC) said it started a phase one initial review of a proposed lease between Coles and the trustee for Saracen Property Holdings for a supermarket within a new neighbourhood center at Clementine Village in Western Australia, the regulator said in a Friday statement.The proposed Coles supermarket is anticipated to open in July 2029, with the ACCC's determination period ending September 4, the statement added.

ASX:COL

Asia7d ago

Market Chatter: Uniqlo Targets More Than 100 Indian Stores by 2031

Fast Retailing's (TYO:9983) Uniqlo plans to expand its India footprint fivefold to over 100 outlets within five years, focusing on major cities like New Delhi, Nikkei Asia reported on Friday, citing sources familiar with the matter.Currently operating 20 stores since entering India in 2019, the brand will balance imports with local manufacturing to comply with sourcing rules, the publication said.Chairman and CEO Tadashi Yanai sees India's 1.4 billion population as offering immense potential for future cash flow, 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.)

TYO:9983

Asia7d ago

XPeng to Recall Over 33,000 X9 Vehicles Over Front Air Spring Defect

XPeng (HKG:9868) will recall 33,473 X9 vehicles in China from Aug. 28 due to a defect in the front air springs that could affect vehicle handling and increase the risk of a crash, according to a State Administration for Market Regulation statement on Friday.The recall covers X9 vehicles manufactured between Aug. 8, 2023 and Aug. 11, 2025.The regulator said manufacturing process fluctuations could reduce the airtightness of the front air springs, causing them to gradually leak after prolonged use in hot and humid conditions.XPeng will replace the front air spring strut assembly with an improved version free of charge. Vehicles that have already received the upgraded parts will not require further repairs.

HKG:9868

Asia7d ago

Update: Myer Holdings Posts Higher Fiscal Year 2026 Sales, Gross Operating Profit; Shares Near Six-Year Low

(Updates to add stock movement in the headline and last paragraph)Myer Holdings (ASX:MYR) reported total sales for fiscal year 2026 of AU$4.1 billion and operating gross profit between AU$1.6 billion and AU$1.61 billion, according to a Monday Australian bourse filing.The company reported total sales of AU$3.67 billion and operating gross profit of AU$1.41 billion for fiscal year 2025, an earlier filing showed.The company's shares fell around 8% in recent trading on Monday and earlier reached their lowest since October 2020.

ASX:MYR

Asia7d ago

Anker Innovations Nets HK$338 Million From Partial Exercise of IPO Over-Allotment Option

Anker Innovations (HKG:0668, SHE:300866) said the over-allotment option of its Hong Kong initial public offering was partially exercised on Sunday, according to a same-day Hong Kong bourse filing.The consumer electronics company expects to raise about HK$337.9 million in additional net proceeds.The exercise involved the issue of 3.44 million additional H-shares at HK$99.32 each, representing about 7.4% of the total offer shares available under the global offering.Dealings in the over-allotment shares are expected to begin on July 29, the filing said.

HKG:0668SHE:300866

International7d ago

China Adds 14 EU Entities to Export Control List

China added 14 European Union entities to its export control list, banning the export of dual-use items to the organizations with immediate effect, according to a Ministry of Commerce release issued Friday.The targeted entities include Germany's Rheinmetall AG, Italy's Lafert SpA, France's III-V Lab, Poland's Vigo Photonics SA, and the Netherlands' IHC Merwede.Under the measures, exporters are prohibited from supplying dual-use items to the listed entities, while foreign organizations and individuals are barred from transferring or providing China-origin dual-use items to them.Existing related activities must cease immediately, the statement added.The Ministry of Commerce said exporters requiring exemptions under special circumstances must apply for approval.

Shanghai Composite^SZSE

Asia7d ago

Meridian Energy Secures Approval for Morrinsville Solar Farm Development

Meridian Energy (ASX:MEZ, NZE:MEL) has received approval to develop the 110 megawatt Morrinsville Solar Farm in Waikato, with around 230,000 solar panels expected to generate up to 200 gigawatt-hours of renewable electricity annually, enough to power more than 25,000 homes, according to a Monday statement by the company.The 134-hectare project near the Piako substation will strengthen New Zealand's renewable energy supply, create over 100 construction jobs, support future battery storage, and improve local habitats through native planting, the company said.The project could begin construction in 2028, subject to approval from the company's board, and is expected to take around two years to complete.

ASX:MEZNZE:MEL

Asia7d ago

Update: Evolution Mining to Acquire Carnaby Resources in Deal Valuing Carnaby at Around AU$213 Million; Carnaby Shares Surge 60%

(Updates with the stock movement in the headline and last paragraph.)Evolution Mining (ASX:EVN) agreed to acquire Carnaby Resources (ASX:CNB) via a scheme of arrangement under which Carnaby shareholders will receive 0.0682 new Evolution shares for each Carnaby share held, valuing Carnaby at around AU$213 million, according to releases on the Australian bourse on Monday.Following the proposed merger, Carnaby shareholders will own around 0.9% of Evolution, the filing said. The acquisition is expected to be completed by mid-November, subject to regulatory approvals, including Australian Competition and Consumer Commission merger clearance and court approval.Carnaby's board unanimously recommended that Carnaby shareholders vote in favor of the scheme in the absence of a superior proposal and subject to an independent expert concluding that the scheme is in the best interests of Carnaby shareholders, per the filing. Carnaby's directors also committed to vote the around 7.3% of Carnaby shares which they hold or control in favor of the scheme.The existing tolling and offtake agreements between Carnaby and Glencore will be terminated, which is expected to facilitate the integration of the Greater Duchess project into the Ernest Henry operations, Carnaby said in a separate bourse filing. In consideration, Carnaby will issue around 28.6 million shares to Glencore under its existing placement capacity, representing around 9.4% of Carnaby's issued share capital on a post-issue basis.Evolution and Glencore separately agreed that any concentrate produced from ore extracted from Greater Duchess will be sold to Glencore under the existing Ernest Henry offtake arrangements between Evolution and Glencore. The companies also entered into a binding agreement for the toll treatment of third-party ore produced through the Ernest Henry processing facility.Carnaby Resources shares surged 60% in recent Monday trade, while Evolution Mining gained over 3%.

ASX:CNBASX:EVN

Asia7d ago

Hong Kong Stocks Edge Higher as Oil Retreat Boosts Sentiment

Hong Kong stocks opened slightly higher on Monday as easing oil prices supported investor sentiment ahead of a busy week for central banks and corporate earnings.The Hang Seng Index added 30.54 points to 24,993.77, while the Hang Seng China Enterprises Index gained 0.2%, or 13.39 points, to 8,284.45.Asian markets advanced after Brent crude fell more than 5% overnight on signs of easing tensions between the U.S. and Iran.Investors are looking ahead to policy decisions from the Federal Reserve, the Bank of England and the Bank of Japan for fresh clues on the interest rate outlook.They are also awaiting earnings from Microsoft, Meta Platforms, Amazon and Apple for further signals on artificial intelligence spending and corporate growth.

Hang Seng

Asia7d ago

Singapore Shares Slip at Open As Mas Unexpectedly Tightens Policy

Singapore shares opened lower on Monday after the Monetary Authority of Singapore tightened its monetary policy for a second consecutive review.The benchmark Straits Times Index fell 0.21%, or 11.5 points, to 5,576.840 at the open.Defying market expectations for a hold, the central bank slightly raised the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, as it expects external price pressures to keep inflation elevated despite contained domestic cost pressures.

^STI

Asia7d ago

Smartgroup Partners With BYD to Boost Electric Vehicle Access in Australia

Smartgroup (ASX:SIQ) struck a partnership with China's BYD to boost access to electric vehicles (EV) for Australians, according to a July 24 statement.The partnership provides customers access to specific tax savings for EVs through the Australian government's electric car discount as domestic EV adoption continues to gain traction, Smartgroup said.BYD posted year-to-date Australian sales through June of 52,335 vehicles, and the collaboration will give its customers point-of-sale access to salary packaging support in addition to potential tax advantages through novated leases.Smartgroup shares gained over 1% in recent Monday trade.

ASX:SIQ

Asia7d ago

Market Chatter: Honda India Bets on Ethanol-Fueled Two-Wheelers Over EVs

Honda's (TYO:7267) Indian two-wheeler unit is prioritizing ethanol-blended fuels over electric vehicles to cut emissions, citing practicality and customer needs, Bloomberg News reported on Friday, citing President Tsutsumu Otani.Otani said that sustainability must remain accessible and reliable for India's diverse market, rejecting a one-size-fits-all approach, the news wire said.Honda Motorcycle & Scooter India is advancing flex-fuel options like E85 and pure ethanol while staying on the EV sidelines, the publication 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.)

^BSE^NSETYO:7267

Asia7d ago

Samsung Electronics, Broadcom Sign Deal to Expand AI Memory, Foundry Collaboration

Samsung Electronics (KRX:005930) and US-based semiconductors and infrastructure software firm Broadcom signed a memorandum of understanding to expand their collaboration across memory and foundry technologies, the South Korean electronics products maker said in a Saturday release.The collaboration is expected to support next-generation AI infrastructure. The partnership is expected to surpass $200 billion across the memory and foundry businesses over the next five years through 2030, the release said.The partnership will see Samsung Electronics supplying high-bandwidth memory for Broadcom's next-generation AI accelerators and expanding foundry cooperation using the former's 2-nanometre and below process technologies. These would include advanced 2.3D and 2.5D packaging for AI and networking chips, it said.

KRX:005930

Asia7d ago

Insurance Australia Group Partners With OpenAI to Explore AI Voice Agents

Insurance Australia Group (ASX:IAG) partnered with OpenAI to explore agent-based voice technologies powered by OpenAI Presence, aiming to help its Australian insurance employees enhance customer service experiences, according to a Monday statement by the company.The initial focus will be on enhancing claims delivery, particularly during natural disasters, by improving customer support and scaling operational capacity.The technology is expected to be deployed starting in the first half of fiscal 2027, the company said.

ASX:IAG

Asia7d ago

Santana Minerals Brings Forward Submission Date of Final Consent Conditions for New Zealand Gold Project's Fast Track Application, Shares Up 5%

Santana Minerals (ASX:SMI, NZE:SMI) said it brought forward the date of the submission of final consent conditions to Aug. 28 in relation to its Fast Track Application for the Bendigo-Ophir gold project in New Zealand, according to Monday filings with the Australian and New Zealand bourses.The expert panel assessing its application had suggested that the firm extend the resumption date to align with the supply of the fully workshopped consent conditions by the applicant.The firm said it would not be seeking any further pause to the application.Its shares jumped 5% in recent trading on the Australian bourse and 3% on the New Zealand one.

ASX:SMINZE:SMI

Asia7d ago

Forrestania Resources Restricted From Declaring Zenith Offer Unconditional Without Approval

Forrestania Resources (ASX:FRS) agreed not to declare its takeover bid for Zenith Minerals (ASX:ZNC) free of any defeating conditions without prior approval from the Takeovers Panel or the acting president, following an application by Harvest Lane Asset Management, according to a Monday Australian bourse filing.The Panel accepted the company's undertaking under the Australian Securities and Investments Commission Act 2001 in relation to Harvest Lane's application concerning Zenith's affairs, per the filing.The company's undertaking will remain effective until the Panel approves any variation or release, the proceedings are resolved, or two months from the date of the undertaking have passed, whichever occurs first, the filing said.The company has agreed to ensure compliance with the undertaking and provide affected parties its benefits, with the Panel able to seek court orders, including compensation, for any breach, the filing added.Forrestania Resources' shares added over 1% in recent Monday trade, while Zenith Minerals' shares rose 2%.

ASX:FRSASX:ZNC

Asia7d ago

Seven & i Axes Plans to Acquire Poland's Zabka

Seven & i (TYO:3382) has aborted plans to acquire Polish convenience store operator Zabka Group, according to a Tokyo bourse filing on Saturday.The retailer ended the proposed deal after failing to agree on terms that would align with the best interests of its shareholders and corporate stakeholders.Despite this, Seven & i reiterated that it still views Europe as an attractive growth market and will continue seeking aligned opportunities there.

TYO:3382

Asia7d ago

Doosan Robotics Narrows Q2 Loss as Revenue Soars 290%

Doosan Robotics (KRX:454910) posted a net loss attributable to the parent's shareholders of 12.8 billion won for the second quarter, narrowing from 16.6 billion won a year earlier.Revenue surged 290% year-over-year to 17.7 billion won in the three months ended June 30 from 4.5 billion won, according to a Korea Exchange filing on Friday.

KRX:454910

Asia7d ago

Cortina Holdings' Executive Chairman to Retire

Lim Keen Barn will retire as executive chairman of luxury watch retailer Cortina Holdings (SGX:C41), effective Dec. 31, according to a Friday filing to the Singapore Exchange.Following his retirement, Barn will be given the honorary title of emeritus chairman, effective Jan. 1, 2027.

SGX:C41

Asia7d ago

Bannerman Energy Advances Works at Namibia Project in June Quarter

Bannerman Energy (ASX:BMN) advanced early works at the Etango project in Namibia for the period ended June 30, with construction activities within budget and on schedule, according to a Monday filing with the Australian bourse.Detailed design and procurement activities are also on schedule, and long-term infrastructure and utilities supply activities are in progress, the filing said.The company is also advancing the financing transaction with CNNC Overseas of up to $321.5 million and a joint venture agreement, per the filing.Bannerman Energy shares fell 1% in morning trade Monday.

ASX:BMN

Showing 4341-4360 of 65350

Asia7d ago

Update: Evolution Mining to Acquire Carnaby Resources in Deal Valuing Carnaby at Around AU$213 Million; Carnaby Shares Surge 60%

ASX:CNBASX:EVN