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Saudi Energy Secures SAR15.8 Billion Murabaha Financing Facility

Tadawul-listed electricity supplier Saudi Energy (SASE:5110) obtained a 15.80 billion-Saudi-riyal Shariah-compliant Murabaha financing facility from a syndicate of banks.The seven-year financing will be earmarked for general corporate purposes, according to a Tuesday release.The financing banks include Saudi National Bank, Al Rajhi Banking and Investment Corp., Saudi Awwal Bank, Banque Saudi Fransi, Arab National Bank, Riyad Bank, and the Saudi Investment Bank.

SASE:5110

Asia12d ago

Larsen & Toubro, Hitachi Energy Secure Four Offshore Wind Projects Under TenneT Framework

Larsen & Toubro (NSE:LT, BOM:500510) has signed a framework cooperation agreement with Dutch transmission system operator TenneT for four offshore wind projects under the Dutch grid operator's 2 GW high-voltage direct current (HVDC) program.The agreement, executed through L&T's consortium with Hitachi Energy, includes two ongoing projects in the Netherlands, IJmuiden Ver Alpha and Nederwiek 1, and two new projects, Nederwiek 3 in the Netherlands and LanWin 5 in Germany. It also covers future opportunities under the program, according to a Tuesday filing on Indian bourses.

BOM:500510NSE:LT

Asia12d ago

Market Chatter: Nvidia Employee Detained by Taiwan in Chip Smuggling Probe

Taiwanese prosecutors have detained an Nvidia employee as part of an investigation into the alleged smuggling of AI chips into China, Bloomberg News reported Tuesday, citing people familiar with the matter.Authorities searched the employee's home and desk at Nvidia's Taipei office, according to the report.The investigation marks the first known instance of Taiwanese authorities taking legal action against an Nvidia employee, Bloomberg reported.Nvidia didn't 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.)

Taiwan Weighted

Asia12d ago

Shyam Metalics and Energy's Unit Commissions Power Plant Project for Captive Consumption

Shyam Metalics and Energy's (NSE:SHYAMMETL, BOM:543299) unit Shyam Sel and Power successfully commissioned an 8.90 MWp solar power project at its manufacturing plant in Jamuria, West Bengal.The project is for captive consumption to optimize operational power costs and support green energy integration, according to an Indian bourse filing on Tuesday.The project will integrate CAPEX and OPEX models, with the two having an installed capacity of 4.60 MWp and 4.30 MWp, respectively.

BOM:543299NSE:SHYAMMETL

Asia12d ago

Sino Medical Sciences Technology Gets Vietnam Approval for Coronary Balloon Catheter

Sino Medical Sciences Technology (SHA:688108) obtained registration from Vietnam's health ministry for its self-developed coronary nubby balloon dilatation catheter, Tradent.This followed approvals in Thailand and South Korea in 2025 and China in 2023, according to a Tuesday filing with the Shanghai bourse.Shares of the medical device maker were down 1% in recent trade.

SHA:688108

Asia12d ago

The Awa Bank Raises H1 Earnings Forecast

The Awa Bank (TYO:8388) has revised its forecast for first-half profit attributable to owners of the company to 10.1 billion yen, up 7.4% from 9.4 billion yen, according to a Tokyo bourse filing on Tuesday.The Tokyo-listed bank now expects basic earnings per share of 259.78 yen, up from 241.79 yen for the six months ending Sept. 30.The revision was due to recent operating trends.

TYO:8388

International12d ago

Ifo: German Export Outlook Ticks Up in July

Export expectations in Germany marginally improved in July, even as the industry continues to struggle with gaining momentum, the ifo Institute said Tuesday.The ifo export expectations edged up to -3.3 points in July, from -3.6 points in June, with electrical equipment, beverage, mechanical engineering, and food manufacturers anticipating international sales growth.Conversely, metal, electronic, and optical manufacturers expect exports to decline, while the automotive industry remains in negative territory despite a rise in export expectations.

^SXXP

Equities12d ago

Eni, TotalEnergies Finalize Investment Decision for Cronos Gas Field Offshore Cyprus

Italian energy group Eni (ENI.MI) and France's TotalEnergies (TTE.PA, TTE.L) made a final investment decision to develop the Cronos gas field offshore Cyprus, according to Tuesday releases.The companies plan to develop the field through four subsea wells, with first gas targeted for 2028. Production is expected to plateau at 500 million cubic feet per day.The gas will be transported by subsea pipeline to Egypt for processing at the Zohr facilities before being liquefied at the Damietta liquefied natural gas plant for export to international markets, primarily Europe.

$ENI.MI$TTE.L$TTE.PA

Asia12d ago

Keymed Biosciences' Gastric Cancer Drug Meets Phase 3 Goal; Shares Fall 5%

Keymed Biosciences (HKG:2162) and AstraZeneca's global phase 3 trial of CMG901 met its primary endpoint in patients with CLDN18.2-positive advanced gastric cancer, according to a Tuesday filing with the Hong Kong bourse.The trial showed the antibody-drug conjugate significantly improved overall survival compared with investigator's choice of treatment in patients receiving second- or later-line therapy.CMG901 demonstrated a safety profile consistent with previous studies, with no new safety signals identified, the company said.Following the positive Phase 3 results, the company estimates peak annual sales of $3 billion to $5 billion for the drug candidate.Shares of the biopharmaceutical company were down over 5% in recent trade.

HKG:2162

Asia12d ago

Energenesis Gets US FDA's 'Clinical Hold Notice' for Parkinson's Disease Drug Clinical Trial; Shares Down 4%

Energenesis Biomedical's (TPE:6657) investigational new drug ENERGI-F705PD, an oral medication for Parkinson's disease, has received a "clinical hold notice" for its application to the US Food and Drug Administration (US FDA) for a Phase II clinical trial, according to a Monday filing to the Taiwan bourse.The company's shares were down nearly 4% in Tuesday's trade.The company said it will submit a revised response after receiving the complete notice of the US FDA's comments.

TPE:6657

Asia12d ago

UOA Development Completes Dividend Reinvestment Scheme

UOA Development (KLSE:UOADEV) completed its dividend reinvestment scheme after 34.4 million new ordinary shares were listed on Bursa Malaysia on Tuesday.The scheme allows shareholders to reinvest their cash dividends in new shares instead of receiving cash, according to a Tuesday Malaysian bourse filing.The company said the scheme was completed following the listing and quotation of the new shares on the Main Market of Bursa Malaysia.

KLSE:UOADEV

Asia12d ago

Omega Oil & Gas Ends June Quarter With AU$102 Million Cash, No Debt

Omega Oil & Gas (ASX:OMA) ended the June quarter with AU$102 million in cash and no debt, having raised AU$60 million over the quarter, according to a Tuesday Australian bourse filing.The company said it remains fully funded for an expanded program comprising four vertical wells and one to two horizontal wells, including stimulation and flow testing, with drilling ongoing at its Canyon-3 well in Australia.

ASX:OMA

Asia12d ago

Tongyu Communication Pledges 10 Million Yuan Injection into Partnership Fund

Tongyu Communication (SHE:002792) committed to invest 10 million yuan into a partnership fund as a limited partner, according to a Shenzhen bourse filing on Tuesday.The seven-year fund, Qingdao Qiheng Flame No. 3 Venture Capital Fund Partnership (Limited Partnership), will have a fund size of 76.5 million yuan.The Chinese communications equipment manufacturer will hold about 13% of the fund's capital.

SHE:002792

Asia12d ago

6K Additive Reports 63% Rise in Second Quarter Net Sales to $7.1 Million

6K Additive (ASX:6KA) said quarterly net sales for the second quarter reached $7.1 million, representing growth of 63% over the second quarter of 2025 and 14% over the first quarter, according to a Tuesday Australian bourse filing.The company said the annualised run rate increased to about $28 million from about $25 million in the first quarter of 2026, supported by strong demand from new and existing customers, with a cash position of $22.1 million at quarter-end.The company's shares closed 3% higher on Tuesday.

ASX:6KA

Asia12d ago

Zhejiang E-P Equipment Proposes Share Buyback of Up to 100 Million Yuan

Zhejiang E-P Equipment (SHA:603194) proposed to repurchase shares worth between 50 million yuan and 100 million yuan, according to a Shanghai bourse filing on Tuesday.About 1 million to 2 million shares, representing 0.25% to 0.5% of the Chinese industrial vehicle manufacturer's total shares, will be bought back for up to 50 yuan per share within 12 months after board approval through centralized bidding.The repurchased shares will be used for the company's employee stock ownership plan or equity incentive plan.

SHA:603194

Asia12d ago

Shanghai Jinqiao Export Processing Zone Development Invests 100 Million Yuan in Semiconductor Fund

Shanghai Jinqiao Export Processing Zone Development (SHA:600639) investment arm Jinqiao Capital will contribute 100 million yuan as a limited partner to the Shanghai Zhiwei Lingfeng Venture Capital Partnership.The 2.1-billion-yuan fund, with a seven-year term and a four-year investment period, is focused on semiconductors and strategic emerging sectors, according to a Tuesday filing with the Shanghai bourse.Shares of the real estate services company rose 1% in recent trade.

SHA:600639

Asia12d ago

Carnarvon Energy Ends June Quarter With AU$98 Million Cash, No Debt

Carnarvon Energy (ASX:CVN) ended the June quarter with AU$98 million in cash, no debt and a $90 million development carry for the Dorado project in Western Australia, according to a Tuesday Australian bourse filing.The company said it contracted Transocean Equinox for the 2027 Bedout Sub-basin drilling campaign over the quarter, with drilling expected to commence in April 2027.A 92% increase in the Bedout Joint Venture prospective resources portfolio was achieved following completion of the Bedout 3D Seismic MegaMerge project, the filing added.The company's shares rose 4% on market close.

ASX:CVN

Asia12d ago

HSS Engineers Associate Bags MYR34 Million Design Contract

HSS Engineers (KLSE:HSSEB) associate SMHB secured a 34 million ringgit contract to provide design consultancy services for the Northern Perak Water Supply Scheme.The contract, awarded by Gamuda Engineering, covers lead design consultancy for the project and detailed design consultancy for its water treatment plant.The project is expected to be completed within 66 months, according to a Monday filing.The company's shares were down 2% in recent trade.

KLSE:HSSEB

Asia12d ago

Weifu High-Technology Chairman Resigns; Vice-Chairman Named in Acting Capacity

Weifu High-Technology Group (SHE:000581) Chairman Yin Zhenyuan stepped down, citing work adjustments, according to a Tuesday disclosure to the Shenzhen Stock Exchange.The board at the fuel injection pump maker elected Rong Bin as vice chairman and named him acting chairman until the appointment of Yin's successor.

SHE:000581

Asia12d ago

HDFC Bank Board Penalizes CEO, CFO After Internal MSRDC Probe

HDFC Bank (BOM:500180, NSE:HDFCBANK) concluded an internal review of its deposit arrangement with the Maharashtra State Road Development Corporation, according to a Monday stock exchange filing.The board, based on the findings of a special disciplinary committee of independent directors, concluded that the employees involved had committed business overreach rather than acted with mala fide intent, personal enrichment or improper motive.The bank issued warning letters and imposed a 100,000-rupee monetary penalty on Managing Director and Chief Executive Officer, the Chief Financial Officer and the Group Head of Retail Assets.The remaining employees received warning letters.The review relates to the bank's deposit arrangement with MSRDC in 2017 and 2021, following a media report alleging HDFC Bank routed 450 million rupees in payments to the state agency as marketing expenses to effectively enhance returns on its deposits.

BOM:500180NSE:HDFCBANK

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