Financial News · Live Terminal

Page 350 of 3481

CapitaLand India Trust's Distribution Per Unit Grows 1% in H1

CapitaLand India Trust's (SGX:CY6U) distribution per unit, or DPU, rose 1% to SG$0.04 in the first half of 2026 ended June 30, from SG$0.0397 a year earlier, according to a Wednesday filing with the Singapore Exchange.Income available for distribution rose 8% to SG$64.2 million from SG$59.6 million a year ago.Net property income in H1 was down 5% to SG$107.5 million from SG$113.6 million a year earlier.Total property income declined 8% year over year to SG$137.6 million from SG$149.3 million.The trust reported a committed portfolio occupancy of 91% as of June 30.

SGX:CY6U

Asia10d ago

Liontown Resources Posts Higher Fiscal Q4 Spodumene Concentrate Production, Sales

Liontown Resources (ASX:LTR) produced 103,111 dry metric tonnes (dmt) of spodumene concentrate and sold 108,489 dmt spodumene concentrate at its Kathleen Valley lithium operation in Western Australia during the fiscal fourth quarter ended June 30, according to a Wednesday Australian bourse filing.The company produced 85,892 dmt of spodumene concentrate and sold 97,330 dmt of spodumene concentrate at Kathleen for the quarter ended June 30, 2025, an earlier filing showed.It generated revenue of AU$235 million during the quarter, up from revenue of AU$96 million during the quarter ended June 30, 2025.The company reported AU$561 million in cash at quarter end along with 21,384 dmt of saleable inventory on hand.The company expects fiscal year 2027 spodumene concentrate production of 390,000 to 440,000 dmt and total capital expenditures of AU$320 million to AU$370 million.

ASX:LTR

Asia10d ago

Mineral Resources Posts Higher Fiscal Q4 Mining Services Production Volumes, Iron Ore Shipments; Shares Up 5%

Mineral Resources (ASX:MIN) said fiscal fourth quarter mining services production volumes were 94 million wet metric tonnes (wmt), up from 83 million wmt a year earlier, according to a Wednesday Australian bourse filing.The company said total iron ore shipped was 8.4 million wmt at a revenue of AU$112 per wmt, compared with 5.8 million wmt at AU$111 per wmt in the prior corresponding period.Total lithium spodumene concentrate produced was 177,000 dry metric tonnes (dmt) at a revenue of AU$2,785 per dmt, compared with 144,000 dmt at AU$847 per dmt in the prior corresponding period, the filing added.Liquidity was AU$2.4 billion with net debt of about AU$4.3 billion, it added.The company's shares jumped 5% in recent Wednesday trade.

ASX:MIN

Asia10d ago

Perpetual Turns Down Revised Acquisition Proposal From EQT

Perpetual's (ASX:PPT) board believes a revised proposal from EQT to acquire the company at AU$22.50 per share is not in the best interests of its shareholders, according to a Wednesday filing with the Australian bourse.However, Perpetual is willing to offer EQT limited due diligence access on a non-exclusive basis to determine if it can improve its proposal, per the filing.The company said there is no guarantee of any binding offer.

ASX:PPT

Asia10d ago

Northern Star Resources Posts Lower June Quarter Gold Sales

Northern Star Resources (ASX:NST) sold 433,482 ounces of gold at an all-in sustaining cost (AISC) of AU$2,651 per ounce in the three months ended June 30, according to a Wednesday filing with the Australian bourse.The company sold 1.5 million ounces of gold at an AISC of AU$2,698 per ounce in the year ended June 30, the filing said.Gold sold in June the quarter ended June 30, 2025, was 444,000 ounces at an AISC of AU$2,197 per ounce, while gold sold in fiscal 2025 totaled 1.6 million ounces at an AISC of AU$2,163 per ounce, an earlier filing showed.

ASX:NST

Asia10d ago

Kanto Denka Kogyo Faces 1.03 Billion Yen Shareholder Derivative Lawsuit

Kanto Denka Kogyo (TYO:4047) received a shareholder derivative lawsuit on July 24, filed by an individual shareholder against seven current directors and a former director, seeking 1.03 billion yen in damages plus default charges.The lawsuit stems from alleged breach of duty of care under the Companies Act in connection with the Shibukawa Plant fire accident that occurred on Aug. 7, 2025, according to a Tokyo bourse filing on Tuesday.The company sees no business impact as the suit targets individual directors.

TYO:4047

Asia10d ago

SK Hynix's Profit Jumps 1,241%, Revenue Up 257%

SK Hynix (KRX:000660) posted a 1,242% jump in profit attributable to owners of the parent to 93.8 trillion won in the second quarter from 6.997 trillion won a year earlier, according to a Wednesday regulatory filing.The chipmaker's net sales rose 257% to 79.3 trillion won from 22.2 trillion won for the three months ended June 30, which it attributed to strong demand for high-value memory products.

KRX:000660

US Markets10d ago

SK Hynix's Second-Quarter Profit Soars 13-Fold as Revenue Jumps 257% on AI Memory Boom

SK Hynix (KRX:000660) reported a 1,241% year-over-year jump in attributable net profit for the second quarter, which it attributed to strong demand for high-value memory products amid strong AI demand.Attributable net profit surged 13-fold to 93.82 trillion won from 6.997 trillion won a year earlier, according to a Korea bourse filing early Wednesday.Net profit margin during the first half reached 118%.The South Korean memory chipmaker posted a 257% year-over-year jump in revenue to 79.3 trillion won from 22.2 trillion won, marking an all-time quarterly high for the company and pushing cumulative first-half revenue above 100 trillion won for the first time in its history, according to a press release.Cumulative revenue totaled 131.9 trillion won in the first half, up 231% from 39.9 trillion won a year prior."Driven by sustained demand growth from expanding AI infrastructure investments, high-performance products for AI servers led price increases, enabling the company to surpass its previous record set in the prior quarter," SK hynix said.The company expects the momentum in memory demand to persist as major tech companies ramp up their AI infrastructure spending, raising demand for its products.SK hynix supplies advanced memory chips to major global tech companies including Nvidia, Microsoft, Apple and Amazon Web Services, among others.The company said it began mass shipments of its new HBM4 product in the second quarter and will ramp up production in the second half of the year.SK Hynix added that it has finalized long-term agreements with around 10 customers, including key strategic partners, and is continuing further talks with major industry clients.In recent days, the company struck major investment deals to support the AI boom, including a memorandum of understanding with Nvidia last week to co-develop next-generation AI memory.The long-term partnership, amounting to $500 billion, was announced during South Korean President Lee Jae Myung's visit to San Francisco.Also last week, the company disclosed plans to build P&T7, its next-generation advanced packaging and testing facility, in South Korea's Cheongju, with a total investment of 7.09 trillion won.

KRX:000660

Asia10d ago

MAS, Singapore Banks Launch AI Cyber Taskforce

The Monetary Authority of Singapore and the Association of Banks in Singapore (ABS) have established a task force to combat emerging threats from frontier AI models, according to a statement on Tuesday.The AI-Driven Cyber and Technology Risk Taskforce (ACT) brings together leaders from MAS, ABS, major banks DBS Group (SGX:D05), OCBC (SGX:O39), and UOB (SGX:U11).Other members include the Singapore Exchange (SGX:S68), Network for Electronic Transfers or NETS, and Banking Computer Services or BCS.The task force will facilitate industry-wide sharing of AI cybersecurity use cases, conduct proof-of-concept trials for advanced AI-enabled defense tools, and develop guidance to help financial institutions better detect and prevent AI threats.

^STISGX:D05SGX:O39SGX:S68SGX:U11

Asia10d ago

ASX Preview: Australian Shares to Rise as Oil Slides on US-Iran Ceasefire Hopes; Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue

Australian shares are poised to rise on Wednesday, tracking a sharp drop in oil prices as hopes for a sustained pause in US-Iran hostilities eased concerns over global crude supply disruptions despite continued geopolitical uncertainty.Overnight, the S&P 500 and the Dow Jones Industrial Average rose 0.2% and 1%, respectively, while the Nasdaq Composite fell 0.2%.In the macroeconomy, Australia's consumer price index report is due at 11:30 am Sydney time.In corporate news, Rio Tinto Group (ASX:RIO) reported Wednesday first-half underlying earnings of $4.214 per basic share on revenue of $31.03 billion, compared with underlying earnings of $2.96 on revenue of $26.87 billion a year earlier.Woodside Energy Group's (ASX:WDS) operating revenue rose to $4.19 billion in the second quarter ended June 30 from $3.28 billion a year earlier.Australia's benchmark index rose 0.6%, or 53.8 points, to close at 8,947.80 on Tuesday.

ASX 200ASX:RIOASX:WDS

Asia10d ago

Woodside Energy Group Q2 Operating Revenue Rises, Production Volume Falls

Woodside Energy Group (ASX:WDS) reported second-quarter operating revenue of $4.19 billion, up 28% from $3.28 billion a year earlier, according to a Wednesday filing with the Australian bourse.The company's quarterly production volume hit 41.3 million barrels of oil equivalent (MMboe), down 18% from 50.1 MMboe in the year-ago period, per the filing.Its second-quarter sales volume also fell year over year to 48 MMboe from 54.5 MMboe, although the average realized price improved to $85 per barrel of oil equivalent from $59.Woodside tightened its 2026 production volume guidance to between 174 and 185 MMboe from a previous range of 172 to 186 MMboe.Additionally, the company said its Scarborough energy project remains on track for first LNG cargo in the fourth quarter, while the Trion project is targeting first oil in 2028.

ASX:WDS

Asia10d ago

Gumi to Launch New Crypto Fund with Major Financial Partners

Gumi (TYO:3903) has decided to commence operations of the crypto asset management fund, SBI Crypto Fund I, from Aug. 1, through its subsidiary, gC Labs, in partnership with SBI's (TYO:8473) SBI Financial Services.The fund has secured investments from multiple investors, including Daiwa Securities (TYO:8601). It will operate as a co-creation vehicle with 3 billion yen in assets, according to a Tokyo bourse filing on Tuesday.Apart from generating returns, the fund aims to bridge the web3 industry with Japanese companies while accumulating track record and data in anticipation of the potential lifting of Japan's ban on crypto asset ETFs.The initiative brings together traditional finance expertise from SBI Financial Services and Daiwa Securities with Gumi's crypto domain knowledge to jointly research next-generation financial products.

TYO:3903TYO:8473TYO:8601

Asia10d ago

West African Resources' Gold Production, Sales Rise in Q2

West African Resources (ASX:WAF) produced 125,179 ounces of gold at an all-in sustaining cost (AISC) of $1,730 per ounce in the second quarter while selling 110,737 ounces at a realized price of $4,556 per ounce, according to a Wednesday Australian bourse filing.The company produced 45,611 ounces of gold during the June 2025 quarter at an AISC of $1,492 per ounce while selling 49,840 ounces at an average realized price of $3,282 per ounce, an earlier filing showed.The company remains on track to meet its annual guidance of 430,000 to 490,000 ounces of gold production, with AISC expected to remain below $1,900 per ounce.

ASX:WAF

US Markets10d ago

Hindustan Unilever's Fiscal First-Quarter Net Profit Down 3%; Revenue Jumps 10%

Hindustan Unilever (BOM:500696, NSE:HINDUNILVR) reported a 3% year-over-year drop in attributable net profit in the fiscal first quarter ended June 30, despite posting higher revenue.Attributable net profit slipped to 26.7 billion rupees from 27.6 billion rupees a year earlier, according to an Indian bourse filing on Tuesday.Earnings per share fell to 11.38 yuan from 11.62 yuan.Net profit was weighed down by a one-off tax credit of 3.3 billion rupees in the year-ago period.The Indian consumer goods maker posted a 10.4% year-over-year jump in revenue to 171.5 billion rupees from 155.5 billion rupees.During the company's earnings call, CEO and Managing Director Priya Nair told analysts that the revenue growth of 10% was driven equally by volume and price."This represents our highest growth in 13 quarters. It reflects the result of decisive actions taken to transform our portfolio, sharpen execution, and strengthen market development," Nair said, according to a transcript of the call published by Investing.com.CFO Niranjan Gupta attributed the revenue jump to the 5% increase in underlying volume growth across product lines."Fabric wash delivered a broad-based double-digit volume-led growth. Bars and powders sustained their step-up, while liquids grew competitively and accelerated its double-digit growth trajectory," said Gupta.By segment, Home Care delivered a 14% jump in underlying sales, the fastest in three years, while underlying sales growth across the Beauty & Wellbeing, Personal Care, and Foods segments rose 12%, 4% and 7%, respectively.Looking ahead, Gupta said the company expects fiscal 2026-2027 to be "better" than fiscal 2025-2026."While commodities and currencies remain elevated, our approach remains consistent and disciplined, driving structural savings, taking calibrated pricing actions, and making judicious media investments," Gupta added.

BOM:500696NSE:HINDUNILVR

Asia10d ago

Nickel Industries Says Indonesian HPAL Project Produces First Mixed Hydroxide Precipitate

Nickel Industries (ASX:NIC) said the Excelsior nickel cobalt high-pressure acid leach (HPAL) project in Indonesia produced the first mixed hydroxide precipitate in July, according to a Wednesday Australian bourse filing.The precipitate will be processed further to nickel cathode in the project's refinery, with the first cathode expected in August. It was produced from limonite ore supplied by the firm's Hengjaya mine, also in Indonesia.

ASX:NIC

Asia10d ago

Australian Banks Paid Over AU$55 Million in Customer Compensation Over Mortgage Offset Account Failures, ASIC Says

Major Australian banks failed to properly manage mortgage offset accounts in the two years through August 2025, resulting in customers unknowingly paying more interest than was due, the Australian Securities and Investments Commission (ASIC) said Wednesday following a review of the sector's offset practices.During that period, banks paid more than AU$55 million in customer compensation for offset account failures, and further compensation is expected as the extent of the problem becomes clearer, the regulator said.ASIC reviewed the offset practices of eight banks including Westpac Banking (ASX:WBC, NZE:WBC), ANZ Group Holdings (ASX:ANZ, NZE:ANZ), Commonwealth Bank of Australia (ASX:CBA), Macquarie Group (ASX:MQG), AMP's (ASX:AMP) AMP Bank, Credit Union Australia, HSBC Bank Australia, and ING Bank (Australia).It found deficiencies in how all banks set up, monitored, and managed offset accounts, which are marketed as a simple way to save on mortgage interest over the life of a home loan. Banks struggled to readily identify customer offset account requests and were slow to fix issues, while their detection of failures was inconsistent."Some banks are not getting the basics right," ASIC Chair Sarah Court said, noting that some offset failures went undetected until the ASIC started investigating them.The Australian Banking Association did not immediately respond to a request for comment from.

ASX:AMPASX:ANZASX:CBAASX:MQGASX:WBCNZE:ANZNZE:WBC

Asia10d ago

Perpetual Reports Higher Total Assets Under Management in Fiscal Fourth Quarter Quarter-over-Quarter

Perpetual's (ASX:PPT) total assets under management as of June 30 reached AU$224.4 billion, an increase of 2.3% compared to AU$219.2 billion reported as of March 31, according to a Wednesday Australian bourse filing.This was driven by market movements of AU$17.5 billion, partly offset by net outflows of AU$12.3 billion.Its total assets under management as of June 30, 2025, reached AU$226.8 billion, according to a separate filing.It now expects fiscal year 2026 total expense growth to be at the lower end of its guidance range of around 1% to 2%. It also expects significant items pretax to be in the range of AU$62 million to AU$68 million for the six months to June 30.

ASX:PPT

Asia10d ago

Vault Minerals Posts Lower June Quarter Gold Production, Sales

Vault Minerals (ASX:VAU) reported June quarter gold production of 89,338 ounces, with sales of 87,922 ounces at an average realized price of AU$6,311 per ounce and all-in sustaining cost (AISC) of AU$2,968 per ounce, according to a Wednesday Australian bourse filing.The company's June 2025 quarter showed production of 98,459 ounces of gold, with sales of 95,976 ounces at an average realized sales price of AU$4,219 per ounce and AISC of AU$2,657 per ounce, an earlier filing showed.The company produced 336,540 ounces of gold in fiscal 2026 and sold 334,901 ounces at an average realized price of AU$5,557 per ounce, while reporting an AISC of AU$2,924 per ounce.Underlying free cash flow for the quarter was AU$219 million, with cash and bullion of AU$842 million at quarter end.The company expects fiscal year 2027 gold production of 355,000 to 375,000 ounces at an AISC of AU$3,150 to AU$3,350 per ounce, followed by production of 380,000 to 400,000 ounces in fiscal year 2028 and 355,000 to 375,000 ounces in fiscal year 2029.

ASX:VAU

Asia10d ago

Update: Market Chatter: Bisalloy Steel Group Gets $2 Million Order From General Dynamics Electric Boat

(Updates with a statement from General Dynamics Electric Boat in the last paragraph.)Bisalloy Steel Group (ASX:BIS) secured a $2 million purchase order from US defense contractor General Dynamics Electric Boat to supply steel for the construction of Virginia-class submarines, The Australian reported Wednesday, citing Australian Defense Industry Minister Pat Conroy.In remarks delivered at the Australian embassy in Washington, Conroy said Australia-made steel will be used for US Virginia-class submarines for the first time, according to the report.General Dynamics Electric Boat toldit doesn't have any prepared comments on the matter, while Bisalloy Steel did not immediately respond to a 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.)

ASX:BIS

Asia10d ago

Atlas Arteria Reports Broadly Flat Q2 Toll Revenue, Secures AU$150 Million Debt Facility

Atlas Arteria (ASX:ALX) said proportionate toll revenue for the three months ending June 30 was broadly in line with the prior corresponding period, down 0.3% excluding foreign exchange movements and 8.1% lower on a reported basis due to currency impacts, according to a Wednesday Australian bourse filing.The company said it has executed a new three-year corporate term loan facility of AU$150 million, in addition to the existing AU$50 million working capital facility extended for a further three years in May, with the working capital facility remaining undrawn.Debt drawn under the AU$150 million term loan bears interest at 1.90% over the bank bill swap rate, the filing added.

ASX:ALX

Showing 6981-7000 of 69604

US Markets10d ago

SK Hynix's Second-Quarter Profit Soars 13-Fold as Revenue Jumps 257% on AI Memory Boom

KRX:000660