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Beijing Enterprises Water Sells 1.5 Billion Yuan Bonds

Beijing Enterprises Water Group (HKG:0371) completed the issue of 1.5 billion yuan of five-year bonds to qualified investors on Monday, according to a Tuesday Hong Kong bourse filing.The bonds, which are due April 2031, carry a coupon rate of 1.94% per annum.The water and environmental protection service provider will use the proceeds to repay debt.

HKG:0371

Oil & Energy99d ago

Market Chatter: Petrobras Enters Direct Talks with Mubadala to Repurchase Mataripe Refinery

Brazilian oil giant Petrobras is in talks to reacquire the Mataripe refinery from Abu Dhabi's Mubadala to bolster security of domestic fuel supply, Reuters reported Monday citing sources.President Luiz Inacio Lula da Silva previously signaled an intent to bring the facility back under state control, reversing a divestment made during the administration of his predecessor, Jair Bolsonaro, the report noted.Following these remarks, Petrobras confirmed it would analyze the feasibility of a deal, which sources indicated could be finalized by the end of this year, as per the report.Expanding refining capacity has become a top priority for the Lula administration as the US-Israel conflict with Iran continues to drive global diesel prices higher.Brazil currently remains highly vulnerable to these international price shocks, as it depends on foreign markets for roughly one-quarter of its total diesel needs.Neither party involved immediately responded 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.)

Asia99d ago

Fosun Pharma Unit Gets China Nod for Amyloidosis Drug Trial

Shanghai Fosun Pharmaceutical (SHA:600196, HKG:2196) unit Fosun Kairos (Shanghai) Biological Technology obtained approval for a phase I/II clinical trial of FKC289 injection from China's National Medical Products Administration, according to a Tuesday Hong Kong bourse filing.The drug will be tested for the treatment of primary light chain amyloidosis and membranous nephropathy.The subsidiary will begin the trial once conditions are met.

HKG:2196SHA:600196

Asia99d ago

US-Iran Truce 'Extremely Fragile,' China Top Diplomat Says

Chinese Foreign Minister Wang Yi said the truce between the U.S. and Iran is "extremely fragile" and called on the international community to oppose anything that will undermine the temporary suspension of hostilities, the ministry said Monday.Wang made the remarks during a phone call with Pakistani counterpart Mohammad Ishaq Dar, according to the ministry.The ministry said it welcomes Pakistan's role in resolving the U.S.-Iran conflict.

Shanghai Composite^SZSE

US Markets99d ago

Intertek Group Soars After Strong First-Quarter Results, Launches Review of Potential Business Split

Intertek Group (ITRK.L) shares climbed over 12% higher on Tuesday, buoyed by robust first-quarter trading results and the announcement of a strategic review aimed at potentially separating its energy infrastructure and testing divisions.The British assurance, testing, and certification company is evaluating the potential separation of its Intertek Energy & Infrastructure and Intertek Testing & Assurance. The review aims to determine if separate, specialist entities would drive faster market execution and better long-term shareholder returns.The move, which will be implemented by mid-2027 through either a sale or demerger, is intended to help accelerate the businesses' growth in a "highly attractive and growing" quality assurance sector.RBC Capital Markets held a positive sentiment over the "leftfield" strategic review, as it noted that buyers are "likely to tread carefully" amid a challenging geopolitical landscape."A demerger runs the risk of cost duplications and less liquid entities with a smaller investor audience, but we think many investors will view the prospects for sustained independence as limited given the appetite for consolidation by the biggest global players," RBC said in a quick-take report, adding that investor focus is likely to shift quickly to potential acquirers and whether standalone units could command higher valuation multiples.Intertek also reported an increase in group revenue for the three months ended March 31 at 838.5 million pounds sterling, up 3.7% at actual rates and 6.7% at constant currency. The company's like-for-like revenue came in at 828.3 million pounds, 2.4% higher year-on-year at actual rates and 5.4% at constant exchange rates.Chief Executive Officer André Lacroix said the group made a "strong start" to 2026, driven by Consumer Products, double-digit growth in risk-based assurance within Corporate Assurance, and solid demand across Health and Safety and Industry and Infrastructure. "Operating cash flow and free cash flow were strong which, combined with our strong balance sheet, enables us to continue to invest to seize the exciting growth opportunities ahead," he added.Within this context, Intertek affirmed its full-year 2026 outlook, saying it is "on track" to deliver mid-single digit like-for-like revenue growth on a constant currency basis, sustained margin expansion, and "strong" earnings growth and free cash flow.

$ITRK.L

International99d ago

Persian Gulf Outlook Lifts Asian Stock Markets

Asian stock markets rallied on Tuesday after US President Donald Trump indicated that Tehran-Washington negotiations to end Persian Gulf hostilities might resume, and as relative calm prevailed in the Strait of Hormuz.Hong Kong, Shanghai and Tokyo finished in the green, as did other regional exchanges, led by 2.7% rise on Seoul's KOSPI index. Exchanges in Bangkok and Mumbai were closed on holiday.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 2.4% on Middle East outlooks and after US military ships navigated the Strait of Hormuz without incident.The benchmark Nikkei 225 rose 1,374.62 to 57,877.39, as gaining issues outnumbered losers 136 to 87.Leading the upside was tech-financiers SoftBank, up 12.7%, while property-concern Haseko declined 5.7%.In Hong Kong, the Hang Seng Index opened higher, wobbled, but closed up 0.8% on strength in property issues.The broad gauge Hang Seng rose 211.47 to 25,872.32, as gaining issues outnumbered losers 61 to 29. The Hang Seng TECH Index gained 0.6% on the day, while the Mainland Properties Index rallied 3.2%.Leading the upside was toymaker Pop Mart International, gaining 6.5%, while Xinyi Solar declined 3.4%.On the mainland, the Shanghai Composite rose 1% to 4,026.63.In economic news, China's export growth slowed to 2.5% on-year in March, down from 21.8% on-year logged in the first two months of the year, reported the National Bureau of Statistics (NBS).In contrast, China's imports rose 27.8% on year in March, up from the 19.8% on-year gain recorded in the first two months of the year.On the other regional exchanges, the Taiwan TWSE inclined 2.4%, the Australian ASX 200 inclined 0.5% and the Singapore Straits Times Index rose 0.5%.The MSCI All Country Asia Pacific Index rose 1.9% on the day.

Hang SengNikkei 225Shanghai Composite

Asia99d ago

Create Restaurants' Fiscal-Year Profit Declines 16%

Create Restaurants' (TYO:3387) profit attributable to owners of the parent declined 16% to 4.68 billion yen for the fiscal year 2026 from 5.59 billion yen a year earlier.The restaurant company's earnings per share declined to 11.11 yen from 13.29 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 5.8% to 165.4 billion yen for the full year ended Feb. 28 from 156.4 billion yen in the prior year.It declared a final dividend of 2.25 yen per share, payable from May 13.For the fiscal year 2027, the company expects attributable profit of 5.7 billion yen, basic profit per share of 13.54 yen, and revenue of 171 billion yen.Create Restaurants plans to pay interim and year-end dividends of 2.50 yen per share, each, for the current fiscal year.

TYO:3387

Asia99d ago

The Hour Glass Repurchases More Shares

The Hour Glass (SGX:AGS) bought back 92,700 shares in the open market on Tuesday for SG$233,942 or SG$2.51761 per share, according to a same-day filing with the Singapore Exchange.The luxury watch retail group has been authorized to buy back around 64.7 million shares under its current mandate. To date, it has repurchased nearly 6.1 million shares.

SGX:AGS

Mining & Metals99d ago

Integra Resources Results Include 138 Metres at 0.32 G/T AU and 128 Metres at 0.36 G/T AU, Highlighting Near Mine Growth and Mine Life Extension Potential

$ITR.V

Asia99d ago

Market Chatter: Sinochem Warns of Legal Action Against Italy's Ownership, Board Membership Limits on Pirelli

Sinochem International (SHA:600500) said it could seek legal redress against Italy's curbs to limit the company's influence in tire manufacturer Pirelli, Reuters reported Monday, citing a statement issued by Sinochem unit Marco Polo International Italy.Limits issued by Prime Minister Giorgia Meloni's office curbs included cutting the number of Sinochem representatives in Pirelli's board to three from eight, as long as the Chinese company's stake remains above 9.99%."The company expresses its deep regret regarding this decision and reserves the right to pursue all necessary legal remedies to safeguard its legitimate shareholder rights and interests," Reuters quoted Sinochem as saying.Sinochem is the largest shareholder in Pirelli with 34%, while Camfin holds 26%, the report said.Pirelli and Camfin called for restrictions against Sinochem as its Chinese links could complicate the tire company's U.S. expansion, 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.)

SHA:600500

Research99d ago

RBC Downgrades NOV to Sector Perform From Outperform, Keeps $21 Price Target

NOV (NOV) has an average rating of hold and mean price target of $20.47, 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)

$NOV

Treasury99d ago

SocGen's Overnight Economic News Summary

Societe Generale in its early Tuesday economic news summary pointed out:-- Brent dips below $100/barrel, US dollar (USD) offered, 10-year United States Treasury retraces below 4.30%. Sources: President Trump officials are internally discussing details for a potential second, in-person meeting with Iranian officials before the ceasefire expires next week.Treasury Secretary Bessent: The Federal Reserve is doing the right thing by sitting and watching how the Iran conflict plays out. Bessent adds the economic data was very strong in January-February, expects inflation surge to be transitory -- Semafor.China's trade surplus plunged to $51.1 billion in March from $91.0 billion in February. Exports slowed sharply to 2.5% year over year versus the January-February average of 21.8% -- likely more holiday distortion than Middle East conflict. Q1 exports up 14.7% versus 5.5% in 2025.Day ahead: Federal Reserve speakers Goolsbee, Barr, Paulson. U.S. producer price index, weekly ADP. European Central Bank speakers Lagarde and Makhlouf. Bank of England's Mann, Bailey and Greene. The International Monetary Funf publishes WEO update.Nikkei +2.3%, EUR 10-year IRS -3.5bps at 3.08%, Brent crude -1% at $98.4/barrel, Gold +0.7% at $4,766/oz.

$CXY$EUR$USD

Asia99d ago

Zhejiang Jianfeng Gets Regulatory Nod for Combination Diabetes Drug

Zhejiang Jianfeng Group (SHA:600668) unit Jianfeng Pharmaceutical obtained marketing and manufacturing approval from China's drug regulator for metformin and empagliflozin tablets.The combination therapy is used for type 2 diabetes, according to a Tuesday filing with the Shanghai bourse.The registration is valid for 24 months.Shares of the pharmaceutical company closed 2% lower Tuesday.

SHA:600668

Asia99d ago

Market Chatter: China's Economy Rebounds in Q1 But Outlook Darkens on Global Risks

China's economy likely picked up pace early in 2026, buoyed by resilient exports, but momentum is set to fade as geopolitical tensions weigh on demand, a Reuters poll showed.Economists forecast first-quarter gross domestic product growth at 4.8% year-on-year, up from 4.5% in Q4 2025, according to the Monday report.Expansion is seen easing to 4.7% in Q2, with full-year growth at 4.6%, Reuters wrote.While energy buffers have softened the impact of the Iran crisis, higher oil prices are squeezing margins and threatening exports, 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.)

Shanghai Composite^SZSE

Asia99d ago

Market Chatter: Indonesia Bonds Under Pressure as Risk Aversion Rises After Iran-US Talks Stall

Indonesia's government bond market may see fresh pressure as heightened geopolitical risks after stalled Iran-US peace efforts weigh on investor sentiment and prompt a broader shift away from emerging-market debt, The Jakarta Globe reported Monday.Market observers say this could lead to higher borrowing costs as investors seek stronger returns in safer assets, including US government securities, amid elevated global uncertainty. Economist Yusuf Rendy Manilet of CORE Indonesia said the situation reflects broader risk aversion in global markets rather than the negotiations themselves, and could keep yields elevated in the near term, according to the report.He estimated the benchmark 10-year government bond yield, currently near 6.6%, could edge up to around 6.8%, although domestic fundamentals and Bank Indonesia's policy support are expected to limit downside risks, the news outlet 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.)

^JKSE

Research99d ago

RBC Initiates Charles River Laboratories International at Outperform With $215 Price Target

Charles River Laboratories International (CRL) has an average rating of overweight and mean price target of $203.93, 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)

$CRL

Mining & Metals99d ago

Integra Resources Announcing Results From Near Mine Oxide Gold Drilling at Florida Canyon

$ITR.V

Research99d ago

RBC Initiates Janus Living at Outperform With $27 Price Target

Janus Living (JAN) has an average rating of buy and mean price target of $27.25, 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)

$JAN

Research99d ago

KeyBanc Initiates Janus Living at Overweight With $28 Price Target

$JAN

Equities99d ago

Citigroup Adjusts Price Target on EOG Resources to $142 From $150, Maintains Neutral Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $153.97, 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)

$EOG

Showing 57681-57700 of 59477

US Markets99d ago

Intertek Group Soars After Strong First-Quarter Results, Launches Review of Potential Business Split

$ITRK.L