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Bajaj Finance's Consolidated Net Profit Rises in Fiscal Q1

Bajaj Finance (NSE:BAJFINANCE, BOM:500034) logged an increase in its fiscal first-quarter consolidated attributable net profit to 59.9 billion Indian rupees from 47 billion rupees a year earlier.Earnings per share grew to 9.60 rupees, compared with 7.55 rupees, according to a Thursday filing to the stock exchanges.Revenue from operations in the fiscal quarter ended June also increased to 231.7 billion rupees from 193.7 billion rupees a year earlier.

BOM:500034NSE:BAJFINANCE

Asia15d ago

Yang Ming Marine Transport's Unit to Renew Hong Kong Office Lease

Yang Ming Marine Transport (TPE:2609) subsidiary, YES Logistics, will lease office space at Ever Gain Plaza in Hong Kong, according to a Thursday filing with the Taiwan Exchange.The office measures 380 square feet with a total transaction price of HK$172,080 to HK$190,080, on a three-year lease term.

TPE:2609

Asia15d ago

Chroma ATE Logs H1 Profit of NT$8.99 Billion

Chroma Ate (TPE:2360) posted a profit attributable to owners of NT$8.99 billion, or NT$21.27 per basic share, for the first six months of 2026, according to a Thursday Taiwan Exchange filing.The company did not provide comparative year-ago figures.The precision electronic measurement and testing instrumentation manufacturer's consolidated operating revenue stood at NT$25.4 billion.

TPE:2360

Commodities15d ago

EU Opens Probe Into Romania's $48 Million Arbitration Award for Renewables Investors

The European Commission has opened an in-depth investigation into an arbitration award ordering Romania to compensate 10 renewable energy investors, to assess whether the payment may constitute illegal state aid under EU rules.The case stems from Romania's decision to amend its green certificate support scheme for renewable electricity in 2013 and 2014.The changes prompted a group of investors with interests in five solar photovoltaic projects to initiate arbitration proceedings under the Energy Charter Treaty, claiming they had lost support they would otherwise have received.As a result, an arbitral tribunal ruled in February 2024 that Romania had breached the Energy Charter Treaty, while ordering the country to pay investors 42.2 million euros ($48.35 million), along with interest and additional costs.However, according to the EC, the award was incompatible with the rules governing the bloc's internal market, and it is now examining whether this breached EU treaties.The opening of such an investigation allows Romania, as well as other interested third parties, to submit their comments, the Commission said in a statement.

Sectors15d ago

Commerzbank Says Oil Steady, 30-Year Treasury Yields Reach 19-Year High after Fed on Hold

Brent crude traded little changed around $91 per barrel amid the resumption of armed hostilities between the US and Iran and after Wednesday's price surge, according to Commerzbank Research in a note.The Federal Reserve's decision to leave interest rates unchanged on Wednesday initially buoyed markets, but the relief was short-lived, according to Commerzbank. Treasury yields bear-steepened, with the 30-year yield surpassing 5.23%, its highest level in nearly two decades.The Fed statement reaffirmed that inflation remains elevated, while solid economic growth and steady job gains continue to support the labor market. Fed Chair Kevin Warsh described the US economy as "impressively resilient". Warsh characterized policy as one of "watchful thinking," noting that persistently high inflation could necessitate higher interest rates.US equities ended sharply lower Wednesday, triggering a sell-off across Asian markets. However, US equity futures have since recovered, while a weaker US dollar pushed EUR/USD above 1.145, added Commerzbank.China criticised recent US measures targeting power inverters and robotics as discriminatory and pledged to protect its interests.In Europe, Britain's new Prime Minister Andy Burnham declined to commit to raising the country's defense spending to 3% of gross domestic product by 2030. France's second-quarter GDP increased 0.2% quarter over quarter, as expected, said the bank.

$CXY$USD$EUR/USD

Asia15d ago

Mapletree Pan Asia Commercial Trust's DPU Down 2.5% in Fiscal Q1

Mapletree Pan Asia Commercial Trust's (SGX:N2IU) distribution per unit fell 2.5% during the fiscal first quarter ended June 30 to SG$0.0196 from SG$0.0201 a year earlier, according to a Thursday filing with the Singapore Exchange.Amount available for distribution was down by 2.4% to SG$104.2 million from SG$106.8 million in the prior period.Net property income declined by 6.8% to SG$154.8 million compared with SG$166 million in the year-ago period.Gross revenue was down 5.6% year over year to SG$206.5 million from SG$218.6 million.

SGX:N2IU

Equities15d ago

Quadrise Amends Sustainable Marine Fuels Project with Licella Holdings

Quadrise (QED.L) said Thursday it amended its joint development agreement with Licella Holdings on sustainable marine fuels to outline a more detailed, non-binding development plan.Under the amended plan, the British energy technology company will contribute its marine fuel expertise and market access, while Licella will provide its scalable HTL bio-oil production expertise prior to diesel engine testing.Subject to successful final laboratory tests on refined Licella HTL bio-oils in the second half of 2026, the companies plan to begin initial marine fuel diesel engine pilot tests before seeking to undertake larger-scale, third-party engine testing.

$QED.L

Research15d ago

Evercore ISI Downgrades Masco to In Line From Outperform, Adjusts Price Target to $78 From $86

Masco (MAS) has an average rating of overweight and mean price target of $80.94, 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)

$MAS

Research15d ago

Raymond James Downgrades Humana to Market Perform From Outperform

Humana (HUM) has an average rating of hold and mean price target of $384.50, 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)

$HUM

Asia15d ago

Malaysian Shares Extend Gains Bucking Downbeat Regional Performance; Steel Hawk's Shares Rise 7%

Malaysian shares ended in the green on Thursday, extending yesterday's gains. The index bucked a largely weaker regional trend, after the US held interest rates steady.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 4.84 points to end 0.3% higher at 1,720.40.In economic news, Mainland Chinese companies are increasingly looking at ASEAN for overseas expansion, with Malaysia as one of the preferred investment destinations in the region, according to preliminary survey findings by the Hong Kong Trade Development Council. Malaysia was Hong Kong's third-largest ASEAN trading partner in 2025, while Hong Kong was Malaysia's second-largest investor after Singapore, with cumulative foreign direct investment of $34.8 billion at the end of 2025.In corporate news, shares of Steel Hawk (KLSE:SKHAWK) jumped 7% on today's close after its unit Steel Hawk Manufacturing agreed to subscribe for a 55% stake in engineering and oil and gas services company Sparksfly for 1.1 million ringgit in cash.Sunway Healthcare's (KLSE:SUNMED) subsidiary, Sunway Medical Centre, signed an agreement to acquire four parcels of freehold land in Johor for 45.4 million ringgit. Shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:SKHAWKKLSE:SUNMED

Mining & Metals15d ago

Algoma Steel Group Narrows Q2 Net Loss YoY

Algoma Steel Group (ASTL.TO) reported second-quarter net loss of C$96.0 million, or a loss of C$0.88 per share, narrowing from a loss of C$110.6 million, or a loss of C$1.02, in the prior-year period.Analysts polled by FactSet expected C$0.85, with four analysts reporting.Revenue was C$267.5 million, down from C$589.7 million in the year-ago quarter.Analysts expected C$292.0 million, with three analysts reporting.

$ASTL.TO

Research15d ago

Moelis & Company Upgrades Greatland Resources to Hold from Sell; Price Target is AU$11

Greatland Resources (ASX:GGP) has an average rating of overweight and mean price target of AU$13.21, 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)

ASX:GGP

Asia15d ago

Chengdu Haoneng Technology to Invest 1 Billion Yuan in Robot Joint Reducer Factory

Chengdu Haoneng Technology (SHA:603809) will invest 1 billion yuan to construct a manufacturing facility for robot joint reducers, according to a Thursday disclosure to the Shanghai bourse.The plant, which will be located in Luzhou, Sichuan, China, will have an annual capacity of 5 million robot joint reducers, which are mechanical components used in the robotics industry to ensure exact positioning.

SHA:603809

Research15d ago

Macquarie Starts Cuscal at Outperform with AU$5.80 Price Target

Cuscal (ASX:CCL) has an average rating of buy and mean price target of AU$5.94, 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)

ASX:CCL

Asia15d ago

Posco Targets KRW 87.9 Trillion in Revenue by 2028

Posco (KRX:005490) is targeting consolidated revenue of 87.9 trillion won by 2028, representing a compound annual growth rate of 8.4%, according to a bourse filing on Thursday.To achieve this, the company plans to establish 10 million tonnes per annum of overseas steel production capacity by 2031, expand its lithium business to become a top global supplier, and grow its LNG value chain.A mid-term investment plan of 29.1 trillion won between 2026 and 2028 will support these initiatives, while low-profit assets are targeted for restructuring.The company also aims to deliver shareholder returns of 35% to 40% of adjusted controlling-interest net income over the same period.

KRX:005490

Wire15d ago

Coursera's Q2 Non-GAAP Earnings, Revenue Rise; Lifts Full-Year Revenue Outlook

Coursera (COUR) reported Q2 non-GAAP earnings late Wednesday of $0.17 per diluted share, up from $0.12 a year earlier.Analysts polled by FactSet expected $0.14Revenue for the quarter ended June 30 was $298.6 million, up from $187.1 million a year earlier. Analysts expected $296.9 million.For Q3, the company expects revenue of $364 million to $372 million. Analysts expect $369.6 million.The company now expects full-year revenue in the range of $1.22 billion to $1.23 billion, up from prior outlook of $805 million to $815 million. Analysts expect $1.23 billion.Shares of Coursera were down more than 7% in pre-bell activity Thursday.Price: $5.74, Change: $-0.44, Percent Change: -7.12%

$COUR

Asia15d ago

Singapore Shares Incur Losses as US Federal Reserve Holds Interest Rates

Singapore shares fell on Thursday, tracking regional losses as the US Federal Reserve held interest rates steady, prompting concerns over the ability of chief Kevin Warsh to bring down inflation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,638.94 and 5,683.35 throughout the day. It ended the session at 5,673.58, down 39.61 points or 0.7% compared to Wednesday's close.On the corporate front, shares of Wee Hur (SGX:E3B) were down nearly 1% at the close as its subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford.Yoma Strategic (SGX:Z59) closed over 1% higher as its subsidiary, Yoma Development Group, disclosed an entry into a joint venture with Yangon Nominees to develop the Moe Ma Kha Garden Residence project in Myanmar.Meanwhile, shares of Singtel (SGX:Z74) were down nearly 1% as its 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.

^STISGX:E3BSGX:Z59SGX:Z74

Research15d ago

CCB International Starts MINISO Group at Outperform with HK$30.20 Price Target

MINISO Group (HKG:9896) has an average rating of buy and mean price target of HK$39.32, 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)

HKG:9896

Equities15d ago

RBC Updates Model for Eni Post-Q2 Results; Sector Perform Rating Maintained

RBC Capital Markets revised its model for Eni (ENI.MI), tweaking its earnings forecasts after the Italian oil and gas company released its second-quarter results."We update our estimates following ENI's 2Q26 results, incorporating RBC's new price deck and adjusting for upgraded guidance. We expect the raised buyback to provide near term support for the shares, with the prospect for more announced with 3Q. We balance this against a growing valuation and underweight position in refining. We maintain our Sector Perform rating and EUR28.00 price target," according to a Wednesday note.For the six months ended June 30, Eni reported total revenue of 42.73 billion euros, up from 36.40 billion euros a year ago. The company also boosted its full-year 2026 underlying oil and gas production growth guidance to 5% from the previous target of between 3% and 4%, and expanded its share buyback program for the year to 3.4 billion euros from 2.8 billion euros on an "improved" outlook.Within this context, RBC revised its earnings projections, including net production and operational EPS, for full-year 2026 to 2028."Whilst ENI is seemingly firing on a number of upstream fronts, our preference remains for names in the sector with more exposure to refining margins," analysts added.

$ENI.MI

Research15d ago

CICC Starts Chuangxin Industries at Outperform with HK$20.94 Price Target

HKG:2788

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