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Saudi Arabia's Quarterly GDP Down 4.9% in Q2, Flash Data Shows

Saudi Arabia's seasonally adjusted real gross domestic product fell 4.9% on a quarterly basis in the second quarter, compared with a 1.2% decline in the prior three-month period, flash data from the General Authority for Statistics showed Thursday.Annually, the Saudi Arabian economy contracted 4.8% during the three-month period, after a 3% increase in the previous quarter.

^TASI

Asia14d ago

A-Zenith Home Furnishings to Buy 220.4 Million Yuan of Titanium Ore from Affiliate; Shares Fall 9%

A-Zenith Home Furnishings (SHA:603389) will purchase titanium ore from affiliate company Hong Kong Heavy Sand Mining for 220.4 million yuan, according to a Thursday disclosure to the Shanghai bourse.Hong Kong Heavy Sand Mining is controlled by Wu Tao, the actual controller of A-Zenith Home Furnishings.Shares fell 9% during afternoon trading on Thursday.

SHA:603389

Asia14d ago

Chinese Universe Publishing and Media Group Issues 1 Billion Yuan of Bonds

Chinese Universe Publishing and Media Group (SHA:600373) issued 1 billion yuan of 366-day bonds, according to a Thursday filing with the Shanghai bourse.The bonds are the first tranche of its medium-term debts. They hold a coupon rate of 1.42% and are redeemable July 25, 2027.Shanghai Pudong Development Bank (SHA:600000) is the bookkeeping manager and lead underwriter, while China Everbright Bank (HKG:6818, SHA:601818) is the joint lead underwriter of the issuance.Shares rose 2% during afternoon trading on Thursday.

SHA:600373

Asia14d ago

Samsung SDI Turns to Profit in Q2

Samsung SDI (KRX:006400) posted net income attributable to shareholders of the parent of 342.2 billion won for the second quarter, against an attributable net loss of 152.5 billion won a year earlier.Sales rose 18.5% to 3.769 trillion won from 3.179 trillion won for the three months ended June 30, according to a Thursday filing with the Korea Exchange.Shares of the battery and electronic materials maker fell nearly 2% in recent trade.

KRX:006400

Asia14d ago

Melbourne Enterprises Renews Hong Kong Office Lease

Melbourne Enterprises (HKG:0158) has renewed a tenancy agreement with connected party Fu Hop Investment for office premises at Melbourne Plaza in Hong Kong, according to a Thursday Hong Kong bourse filing.The two-year lease will run from Aug. 1, 2026, to July 31, 2028, with monthly rent of HK$258,792, excluding air-conditioning and management fees of HK$25,248 each per month.

HKG:0158

Asia15d ago

CARE Downgrades Rating on Gujarat Alkalies' Long-term Bank Financing to AA-; Outlook Stable

CARE Ratings downgraded its long-term bank financing rating on Gujarat Alkalies and Chemicals (NSE:GUJALKALI, BOM:530001) to AA- from AA, while affirming the A1+ rating on the company's short-term bank financing.The rating outlook is stable, according to a Thursday filing.Shares of the company fell nearly 2% in recent trade.

BOM:530001NSE:GUJALKALI

Asia15d ago

MMM Capital Signs THB51 Million Residential Project Management Deal

MMM Capital (BKK:MMM) signed a sales management agreement worth 51 million baht, with a purchase guarantee, for a residential project owned by Bless Asset Group.The contract covers the sales management of nine two-storey semi-detached houses in Bueng Kham Phroi, Lam Luk Ka, Pathum Thani, Thailand, according to a Thursday Thailand Exchange filing.The agreement falls under the company's Sales Management Business with a Purchase Guarantee (BU2) segment.

BKK:MMM

Asia15d ago

Nutrition Profess Uses 92 Million Baht of IPO Proceeds for New Product Advertising

Nutrition Profess (BKK:NUT) has used 91.6 million baht as working capital for advertising and public relations for its new products, as of June 30, of the total 240.2 million baht raised through its initial public offering last year, according to a Wednesday filing to the Thai stock exchange.The company spent 83 million baht of the 140 million baht allocated for working capital for advertising, public relations, content production, and engagement of presenters and influencers for its dietary supplement productsIt used 6.4 million baht of the 20 million baht kept for cosmetic products in the personal care group, and 2.2 million of the 40 million baht allocated for cosmetic products in the skincare group.The company has not yet utilized the 40.2 million baht allocated for general working capital within the business.As of June 30, the company has 148.6 million baht remaining of its IPO proceeds.

BKK:NUT

Asia15d ago

Shanghai Dazhong Public Utilities, Dazhong Transportation Invest Emerging IT Private Equity Fund

Shanghai Dazhong Public Utilities (SHA:600635) will invest 150 million yuan as a limited partner into a newly founded private equity fund, Wuxi Luyao Venture Capital Partnership, according to a Thursday filing with the Shanghai bourse.The investment is equivalent to 74.6269% of the entire fund.Dazhong Transportation (SHA:600611) will invest 50 million yuan or 24.8756% of the entire capital, and Beijing Ludong will pour in 1 million yuan, or 0.4975% of the total capital.Wuxi Luyao Venture Capital Partnership is involved in strategic emerging information technology

SHA:600611SHA:600635

Asia15d ago

Machvision OKs Public Issue, Listing of Private Placement Shares; Shares Down 5%

Machvision (TPE:3563) approved the public issuance and listing of shares previously issued through a private placement, after the expiration of a three-year lock-up period.The shares were issued on July 26, 2023, and became eligible for listing after the lock-up period ended on July 26, 2026, according to a Wednesday Taiwan Exchange filing.The company said it will apply for the supplementary issuance and listing of the shares in accordance with applicable regulations.Shares of the machine vision inspection systems provider were down 5% in recent trade.

TPE:3563

Asia15d ago

Anhui Wanwei Terminates Private Placement Due to Sponsor Conflict

Anhui Wanwei Updated High-Tech Material Industry (SHA:600063) terminated its planned 2026 private placement of A-shares and will withdraw application documents from the Shanghai Stock Exchange, according to a Thursday filing with the bourse.The decision follows a strategic restructuring between Conch Group and Wanwei Group, resulting in Provincial State Capital Group acquiring 7.5% of the chemical producer's shares.As a result, Hua'an Securities, the designated sponsor for the issuance and under the control of Provincial State Capital Group, no longer qualifies as an independent sponsor of the offering.Shares of Anhui Wanwei slid 2% in recent trade.

SHA:600063

Asia15d ago

Yoma Strategic Forms JV to Develop Myanmar Residential Project

Yoma Strategic (SGX:Z59) through subsidiary, Yoma Development Group, is expected to enter into a joint venture with Yangon Nominees to develop the Moe Ma Kha Garden Residence project in Myanmar, according to a Thursday filing with the Singapore Exchange.The property and financial services company will work on the project which comprises around 10.72 acres of land and will consist of 56 premium landed residential units, developed in two phases.The parties have established a joint venture company in Myanmar for this purpose, each holding a 50% stake.Total acquisition and estimated development costs are around 198.6 billion Myanmar kyat.

SGX:Z59

International15d ago

French Flash Quarterly GDP Up 0.2% in Q2

France's quarterly gross domestic product edged up 0.2% in the second quarter, following a 0.1% decline in the prior three-month period, provisional data from Insee showed Thursday.The reading aligned with market expectations.On a yearly basis, the French economy grew 0.7%, against the revised 0.8% increase earlier and the expected 0.8% gain.

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Asia15d ago

Lemon Tree Hotels Licenses Two New Hotels in Nepal, Andhra Pradesh

Lemon Tree Hotels (NSE:LEMONTREE, BOM:541233) has signed license agreements for the new properties Lemon Tree Hotel, Siddharthanagar in Nepal and Keys Select by Lemon Tree Hotels, Vijayawada in Andhra Pradesh.Both hotels will be managed by the company's wholly owned subsidiary, Carnation Hotels, according to an Indian bourse filing on Thursday.The Siddharthanagar property will have 120 rooms, while the Vijayawada hotel will feature 70 rooms, along with food and beverage, meeting and recreational facilities, the company said.

BOM:541233NSE:LEMONTREE

Asia15d ago

New Zealand Shares Fall; Freightways Group Appoints David Gibson as Chair

New Zealand shares ended lower on Thursday as Asian markets showed a broad-based decline amid the US Federal Reserve's decision to hold rates and Wednesday's Wall Street sell-off.The S&P/NZX 50 Index fell 1.53% or 213.89 points to close at 13,762.78.On Wednesday, the Nasdaq Composite fell 1.7%, the S&P500 declined 1.5%, and the Dow Jones lost 2.2%.The Federal Reserve held its policy rate steady in a divided decision that included three officials calling for policy tightening. The central bank's Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause.On the domestic front, the ANZ New Zealand Business Outlook rose to a net 56.1 in July, up from 36.6 in June, while expected own activity rose to 49.3 from 36.9, according to a report from ANZ Research.In corporate news, Freightways Group (NZE:FRW, ASX:FRW) appointed board member David Gibson as chair to succeed Mark Cairns, effective Thursday.

^NZ50ASX:ANZASX:CBAASX:FRWASX:NABASX:WBCNZE:ANZNZE:FRWNZE:WBC

Equities15d ago

Saudi Industrial Investment's H1 Net Profit Soars

Saudi Industrial Investment Group (SASE:2250) said Thursday its net profit for the first half surged year over year.The Saudi Arabia-listed petrochemical company's net profit attributable to shareholders for the six months ended June 30 was 194 million Saudi riyals, compared with 38 million riyals a year ago. EPS moved to 0.29 riyal from 0.05 riyal.The company did not record any revenue for the period.

SASE:2250

International15d ago

French Monthly Household Consumption Rises 0.4% in June

France's monthly household consumption increased 0.4% in June, following a revised 0.3% gain in the prior month, according to data from statistics agency Insee published Thursday.Analysts expected a 0.1% drop for the month.

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Asia15d ago

Singtel's Australian Unit Faces Court Proceedings Over Emergency Call Breaches

Singtel's (SGX:Z74) Australian unit, Optus, was informed by the Australian Communications and Media Authority about proceedings in the Federal Court of Australia against it over an alleged breach by Optus Mobile over several provisions of the Telecommunications Determination 2019.The proceedings have reported 1,005 breaches, which happened on Sept. 18, 2025, according to a Thursday filing with the Singapore Exchange.The unit is reviewing the pleadings and will respond in due course.Additionally, the company is unable to determine the scale of potential penalties at this stage.

SGX:Z74

Asia15d ago

Shanghai Lujiazui Finance & Trade Zone Development's H1 Residential Sales Rise 21%; Shares Up 8%

Shanghai Lujiazui Finance & Trade Zone Development's (SHA:600663) contracted sales amount for its residential properties rose 21% year over year to 5.78 billion yuan in the first half, according to a Thursday disclosure to the Shanghai Stock Exchange.The contracted sales area shrank 16% to 34,300 square meters.The company also sold the DBS Bank Tower office project, with a contracted sales amount of 3.76 billion yuan.Cash inflows from its real estate leasing business increased 1% year over year to 1.87 billion yuan.Shares jumped nearly 8% during afternoon trading on Thursday.

SHA:600663

Asia15d ago

Unique Plastic Industry Uses 228 Million Baht of IPO Proceeds to Pay Debt, Working Expenses

Unique Plastic Industry (BKK:UNIX) has used 200 million baht at the end of June, from the 328.18 million baht raised from its initial public offering, to repay its debt and that of its subsidiaries owed to financial institutions, according to a Thursday filing to the Thai stock exchange.Earlier this year, the company had conducted its IPO of 180 million newly issued ordinary shares at an offering price of 1.89 baht per share.Of the total, the company has also used 28.2 million baht for working capital for business operations.The company still has 100 million baht remaining for the allocated purpose of investment in machinery, tools and equipment, including potential related businesses, to support the growth of the company and its subsidiaries.

BKK:UNIX

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