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UMS Integration Proposes to Renew Buyback Mandate

UMS Integration (SGX:558) proposed to renew its buyback mandate at the upcoming annual general meeting on April 30, according to a Monday filing with the Singapore Exchange.The company intends to undertake the purchase or acquisition of its shares up to a 10% limit during the period, with a view to increasing shareholders' value and improving the return on equity of the company.

SGX:558

Mining & Metals153d ago

S&P Futures Down 0.6% As US Threatens To Block Hormuz After Peace Talks With Iran Failed Over the Weekend

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals153d ago

Freegold Advancing Golden Summit Toward Pre-Feasibility and Expands Technical Leadership Team

$FVL.TO

Mining & Metals153d ago

K92 Mining Says Record Lateral Development Now Exceeding Stage 3 Expansion Requirements

$KNT.TO

Research153d ago

Evercore ISI Initiates Trane Technologies at Outperform With $535 Price Target

Trane Technologies (TT) has an average rating of overweight and mean price target of $481.67, according to analysts polled by FactSet.

$TT

Mining & Metals153d ago

K92 Mining Announcing Q1 Production Results; 46,743 oz AuEq Produced, in Line With Budget

$KNT.TO

Research153d ago

Loop Capital Initiates Rollins at Hold With $56 Price Target

Rollins (ROL) has an average rating of overweight and mean price target of $64.35, according to analysts polled by FactSet.

$ROL

Research153d ago

Evercore ISI Initiates Johnson Controls International at In Line With $155 Price Target

Johnson Controls International (JCI) has an average rating of overweight and mean price target of $145.61, according to analysts polled by FactSet.

$JCI

Asia153d ago

HJ Shipbuilding & Construction Wins KRW350 Billion Redevelopment Project

HJ Shipbuilding & Construction (KRX:097230) secured a redevelopment project in Busan from the Beomcheon 5 District Redevelopment Project Association, according to a Monday filing with the Korea Exchange.The contract is worth 349.7 billion won, with the project comprising the construction of eight residential buildings.

KRX:097230

Asia153d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Songyuan Lian Heating Development for 35 million yuan, according to a Monday Hong Kong bourse filing.The assets, comprising designated heat-transmission equipment and facilities, will then be leased back to the lessee for 67 months for a total lease payment of 43.5 million yuan.

HKG:0132

Oil & Energy153d ago

Eco (Atlantic) Oil and Gas Announced Farm Down of Namibian Portfolio to BP

$EOG.V

Asia153d ago

Hong Lai Huat Buys Back, Cancels Shares

Hong Lai Huat (SGX:CTO) bought back and canceled 203,200 shares worth SG$18,142 or SG$0.089 apiece on Monday, according to a same-day filing with the Singapore Exchange.The property developer has so far repurchased around 31.1 million shares under its existing buyback mandate.

SGX:CTO

Sectors153d ago

Crude Oil Prices Jump After U.S. Announced Strait of Hormuz Blockade, Lack of Ceasefire Deal

Crude oil prices surged on Monday after the U.S. announced it will start a blockade of the Strait of Hormuz, which followed a failure to reach a ceasefire deal with Iran.Brent crude at last look jumped 7.7% to US$102.54/barrel and West Texas Intermediate crude rose 8.2% to $104.44/barrel. This comes after U.S. President Donald Trump said the U.S. Navy is preparing to block ships to and from Iran via the Strait of Hormuz, which could restrict Iranian oil exports, Reuters said in a Monday report.Iran's Revolutionary Guard said any military vessels attempting to approach the strait would be considered a violation of the ceasefire and will be dealt with, the report said."The announced U.S. blockade marks an admission that the ceasefire's central premise - at least as interpreted by the U.S. - which was the reopening of the Strait, is untenable for now," Nordic bank SEB analyst Erik Meyersson was quoted as saying by Reuters.

$CLX1$LCOX1$USO

Treasury153d ago

SocGen's Overnight Economic News Summary

Societe Generale in its early Monday economic news summary pointed out:-- Risk off, Brent rises 7% to US$102/barrel, natural gas adds 8.4% to EUR47.3/MWh, Euro Stoxx futures down 1.4%, DXY bid above 99.0. The United States Navy will start blocking all vessel traffic entering and exiting Iranian ports at 10 a.m. CET on Monday after peace negotiations end without agreement. WSJ: U.S. open to resuming limited military strikes. Iran cites excessive U.S. demands on the Strait of Hormuz and nuclear program.ECB call change: SocGen forecasts first European Central Bank rate increase in June, second hike in September on higher core inflation.'Orbanexit': Peter Magyar's Tisza wins supermajority in Hungary's parliament, defeating Prime Minister Viktor Orban. EUR/HUF gaps down, trades through 2023 low to 367.12. Result will unblock 90 billion euros emergency financial and military support package for Ukraine for 2026 and 2027, loan is financed by common European Union debt, adds bear steepening influence for eurozone government bonds.CFTC foreign exchange positioning: Euro (EUR) flips to net short 0.97% of OI (first since March 2025), yen (JPY) shorts raised to 26.8%, sterling (GBP) shorts upped to 23.1%, Australian dollar (AUD) longs trimmed to 26.8%, Canadian dollar (CAD or loonie) longs reduced to 8.7%, Mexico's peso (MXN) longs steady at 31.4%, Nymex longs dip to 9.9%.Week ahead: Kevin Warsh Federal Reserve chair confirmation hearing delayed. U.S. producer price, industrial production (IP), Philly Fed business outlook, Fed Beige Book. Eurozone final consumer price index, IP. United Kingdom February gross domestic product. China Q1 GDP. Romania CPI. International Monetary Fund WEO update on Tuesday.Nikkei -0.7%, EUR 10-year IRS +2.5bps at 3.11%, Brent crude up 7% at US$102/barrel, Gold -0.6% at $4,720/oz.

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Asia153d ago

S&P Sees Divergence in Asian Tech Firms' Cost Absorption Ability Amid Middle East Conflict

The Middle East conflict reveals gaps in the capacity of Asian technology companies to buffer against increased costs, S&P Global Ratings said in a Monday release.The rating agency considers high-end chip producers as faring well when increasing prices, backed by favorable demand and solid investment in AI data centers.However, consumer electronics have the weakest ability to pass through costs, while electronics manufacturers would also be exposed to dampened demand under a protracted war, S&P said.In S&P's base-case scenario, under which the Strait of Hormuz's closure eases in April, its rated technology firms in the region have solid financial ability to cushion against the impacts, credit analyst Cathy Lai said.A prolonged conflict would hit larger tech firms' supply chain and impact electronic product makers' margins and demand, Lai said.Most producers, as well as logistics companies, will be vulnerable under disruption to power supply and some key raw materials, S&P said.Regions reliant on liquefied natural gas and oil imports from Qatar and other Middle Eastern countries house most advanced semiconductor manufacturers, with Taiwan being the most vulnerable, the rating agency said.For crucial raw materials, helium is the most susceptible given its use in semiconductor manufacturing, although S&P believes leading companies have ample helium inventory to offset near-term risk.Companies with solid supply chains and investment in the AI market will potentially retain their credit profiles, while those dependent on commoditized consumer segments will see greater pressure, Lai said.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Asia153d ago

Kohnan Shoji's Full-Year Profit Falls 14%

Kohnan Shoji's (TYO:7516) profit attributable to owners of the parent fell 14% to 12.3 billion yen for the fiscal year ended Feb. 28 from 14.2 billion yen a year earlier.The home improvement centre operator's earnings per share declined to 432.24 yen from 492.37 yen a year ago, according to a Tokyo bourse filing on Monday.Operating revenues jumped 3.7% to 519.8 billion yen from 501.4 billion yen in the prior year.It declared a final dividend of 65 yen per share, payable from May 29.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 12.5 billion yen, basic EPS of 443.80 yen, and operating revenues of 543.5 billion yen.Kohnan Shoji plans to pay interim and year-end dividends of 70 yen per share, each, for the current year, which is higher than amounts paid in the year-ago period.

TYO:7516

Asia153d ago

StanChart Buys Back Shares

Standard Chartered (HKG:2888) bought back 154,326 shares on April 10 at an average price of 17.22 pounds sterling apiece, according to a Monday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.23 billion shares in issue.

HKG:2888

Commodities153d ago

EU Not Facing Immediate Oil, Gas Supply Risks, But Headwinds to Jet Fuel Availability, Task Force Confirms

The European Commission's Energy Union Task Force Security on Friday confirmed that the region does not face any immediate oil and gas supply risks, although the availability of jet fuel remains a major concern.The Task Force met on Friday to review the energy security situation in the EU in the backdrop of the ongoing Middle East conflict, which has resulted in significant energy supply shocks.The Task Force reaffirmed the conclusion of the member state senior officials and the commission, who met earlier last week. The EU refineries were receiving a stable supply of crude oil and there was no immediate need for additional stock releases at the moment, according to a statement issued by the EC's Directorate-General for Energy."Nevertheless, prolonged disruptions in Middle East oil production and tanker traffic could pose longer-term risks. Jet fuel remains the primary concern, given that EU refineries cover around 70% of the EU's consumption, with the remainder reliant on imports," the statement added.The task force discussed the advantages of having an extended gas storage injection season as a means to prevent last-minute congestion and price spikes. They also appreciated a letter from Commissioner Dan Jorgensen to member countries urging them to use flexibility provisions under the Gas Storage Regulation and consider reaching the 80% storage target earlier in the filling season to provide greater market certainty."Finally, the Task Force welcomed and called for an acceleration of ongoing work to provide clear Commission recommendations on the implementation of EU Methane Regulation, with a focus on security of supply and legal certainty, notably with respect to penalties and compliance solutions, as agreed by Energy Ministers in December 2025," the statement added.The two-week ceasefire in the Iran war has helped stabilize energy prices, but the situation remains "volatile and uncertain" overall, the statement added.

Asia153d ago

Veerhealth Care Secures International Order for Personal Care Products

Veerhealth Care (BOM:511523) has received order worth $160,650 from an undisclosed New York-based entity for supply of personal care products, according to an Indian bourse filing on Saturday.Shares of the company rose 1% in Monday's trade.The order is to be executed within 45 days, the filing said.

BOM:511523

Asia153d ago

Hengrui Pharmaceuticals Unit Gets Approval for Heart Failure Drug Trial

Jiangsu Hengrui Pharmaceuticals (SHA:600276) subsidiary Chengdu Shengdi Pharmaceutical obtained China's regulatory approval to begin clinical trials for HRS-5765.The drug is used for treating heart failure, according to a filing with the Shanghai bourse.Shares of the pharmaceutical company closed 3% lower Monday.

SHA:600276

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Commodities153d ago