Financial News · Live Terminal

Page 499 of 3685

Takeda Pharmaceutical Profit Drops 9% in Fiscal Q1

Takeda Pharmaceutical (TYO:4502) profit attributable to owners of the parent fell 8.9% to 113.2 billion yen for the fiscal first quarter, from 124.2 billion yen a year earlier.The pharmaceutical company's earnings per share slipped to 70.54 yen from 78.23 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue increased 10.2% to 1.220 trillion yen for the three months ended June 30, from 1.107 trillion yen.For the fiscal year ending March 31, 2027, the company expects an attributable profit of 166.0 billion yen, EPS of 104.26 yen and revenue of 4.640 trillion yen.Takeda expects to pay interim and year-end dividends of 102.00 yen per share each for the current fiscal year.

TYO:4502

Asia15d ago

Mizuho Financial Group's Profit Soars 46% in Fiscal Q1

Mizuho Financial Group (TYO:8411) profit attributable to owners of the parent soared 46% to 422.9 billion yen for the fiscal first quarter ended June 30, from 290.5 billion yen a year earlier.The Japanese banking group's earnings per share increased to 173.53 yen from 115.90 yen a year ago, according to a Tokyo bourse filing on Thursday.Ordinary income rose 18% year on year to 2.521 trillion yen for the period, from 2.130 trillion yen.For fiscal year 2026, the group forecasts an attributable profit of 1.400 trillion yen and EPS of 575.08 yen.Mizuho Financial plans to pay interim and year-end dividends of 75.0 yen per share each for the year.

TYO:8411

Asia15d ago

Japanese Stocks Rise Amid Fed Rate Hold, Oil Falls

Japanese stocks gained after the US Federal Reserve kept interest rates unchanged and offered little clarity on its policy outlook, pushing the yield on 30-year Treasury bonds to its highest level in nearly 20 years.The benchmark Nikkei 225 closed up 433.24 points, or 0.71%, at 61,867.43.Oil prices slipped even as renewed tensions in the Middle East were sparked by the latest US retaliation following Iran's strikes on the US bases in the Gulf on Tuesday. The escalation could push oil prices higher again.On the corporate side, Toyota Motor (TYO:7203) reported its first-half global sales and production declined for the first time in two years, hit by slowing overseas demand, according to a Thursday release.Also, Tokyo Gas (TYO:9531) posted a 65% year-over-year decline in attributable profit for the fiscal first quarter to 35.6 billion yen from 101.7 billion yen.

Nikkei 225TYO:7203TYO:9531

Asia15d ago

Huaxi Securities Says Interest Payment of 2 Billion Yuan Bond Set in August

Huaxi Securities (SHE:002926) said the interest payment of a corporate bond worth 2 billion yuan for this year is on Aug. 5, according to a Shenzhen bourse filing on Wednesday.The securities company's shares rose 1% at the close of Thursday's trade.The three-year bond, which has the abbreviation 24 Huagu 03, has a coupon rate of 2.02%.

SHE:002926

Asia15d ago

Tokyo Electron Profit Jumps 40% in Fiscal Q1

Tokyo Electron (TYO:8035) net income attributable to owners of the parent jumped 39.5% to 164.3 billion yen for the fiscal first quarter, from 117.8 billion yen a year earlier.The electronics company's earnings per share climbed to 360.15 yen from 256.49 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales grew 33.3% year on year to 732.4 billion yen for the three months ended June 30, from 549.6 billion yen.For the six months ending Sept. 30, the company expects an attributable income of 349 billion yen, EPS of 767.51 yen, and net sales of 1.620 trillion yen.The company plans to pay an interim dividend of 384.00 yen per share.

TYO:8035

Asia15d ago

Top Bright Unit Sells Financial Products Worth 30 Million Yuan

Top Bright (TPE:8499) unit Long Young Electronic (Kunshan) disposed of two financial products issued by China CITIC Bank (SHA:601998) for 30 million yuan.The transactions were part of the company's short-term investment activities, according to a Thursday Taiwan Exchange filing.Following the disposal, the unit's accumulated holdings in financial products amount to 30 million yuan.

SHA:601998TPE:8499

Asia15d ago

China Shares Slide as AI Selloff Deepens, Hawkish Fed Signals Weigh; Hubei Zhenhua Down 10%

Chinese shares closed lower on Thursday as the global rally of artificial intelligence stocks cools and amid hawkish signals from the U.S. Federal Reserve.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.6% lower to 3,804.69. The Shenzhen Component Index fell 2.7% to 13,285.80.The SSE STAR 50 Index (SHA:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, dropped 5.4% at market close.China's market moves mirror a broader cooling in the global AI rally, which has lost momentum in recent weeks, Bloomberg News reported. Beyond lofty valuations, investors are increasingly concerned about intensifying competition, questionable cross-investment deals and signs that companies may be overspending on AI infrastructure.The decline in Chinese chip stocks appears to be a structural rotation, with capital flowing into consumer, property and high-dividend shares, the report cited Xiang Xiaotian, director at Shanghai Chengzhou Investment Management. He added that the selloff also reflects a global unwinding of AI trades, as investors cash in years of gains and pare leveraged positions.Also weighing down sentiment is the growing division within the Fed on maintaining the target range for the federal funds rate at 3.5% to 3.75%, with the presidents of the Cleveland, Minneapolis and Dallas regional Fed banks advocating for a 25-basis-point rate hike.In company news, Hubei Zhenhua Chemical (SHA:603067) on Thursday opened subscriptions for its 878-million-yuan convertible bond offering. Shares of the chemical company closed 10% lower Thursday.

Shanghai Composite^SZSESHA:603067

Asia15d ago

Pinestone Capital Seeks HK$60 Million via H-Share Placement; Shares Jump 19%

Pinestone Capital (HKG:0804) seeks to raise estimated net proceeds of about HK$60.4 million through the placement of 12.2 million new H-shares at HK$5.22 apieceThe company plans to place the shares with at least six independent investors, according to a Wednesday Hong Kong bourse filing.The company plans to use the proceeds to expand its margin financing and money lending businesses, apply for a virtual asset license, and enhance its artificial intelligence capabilities.Shares of the company jumped nearly 19% in recent trade.

HKG:0804

Asia15d ago

AUO Changes Transaction Structure for Planned Sale of Energy Business

AUO (TPE:2409) has amended the transaction structure for the planned sale of its energy business announced in April, citing the implementation timeline of the deal and the operational plan of its energy business unit, AEUS.AUO's original plan was to sell its and its units' stakes in six energy-related companies - Star Shining Enetek, AUO Power, Feng Yao Power, Zheng Yao Power, Zhao Feng Energy and AEUS - to Star Shining Energy.Under the revised plan, AUO Singapore will no longer sell AEUS to Star Shining Energy, according to a Thursday Taiwan Exchange filing.The closing date for the sale of Zhao Feng Energy will be determined by the chairman, while the closing of the remaining energy businesses, except Star Shining Enetek, is now expected on Oct. 1.AUO also revised the minimum consideration for the remaining businesses, excluding Star Shining Enetek and AEUS, to at least NT$20 million.The company said the changes are not expected to have any impact on its financial position or business operations.

TPE:2409

Asia15d ago

Toyota's H1 Global Sales, Output Decline for First Time in Two Years

Toyota Motor (TYO:7203) reported Thursday that its first-half global sales and production declined for the first time in two years, hit by slowing overseas demand.The Japanese automaker sold just over 5 million vehicles in the six months ended June 30, down 2.9% from a year earlier, according to a Thursday news release.While domestic sales rose 4.7% to 804,721 vehicles, the gain was offset by a 4.3% drop in overseas sales to 4.2 million vehicles.Global production fell 1.2% to 4.86 million vehicles. While domestic output edged up 0.7% to 1.65 million units, overseas production fell 2.2% to 3.2 million units.The figures ⁠include sales and production at Toyota's luxury brand Lexus.

TYO:7203

Asia15d ago

South Korean Equities Drop for Third Day as Tech Selling Counteracts Record Samsung Earnings

South Korean shares extended losses for a third consecutive session Thursday, dragged down by retail selling across technology equities as global investors digested the U.S. Federal Reserve's decision to hold interest rates steady alongside ongoing concerns over artificial intelligence capital expenditure.The Korea Composite Stock Price Index, or Kospi, decreased by 69.68 points, or 1.2%, to end at 5,593.56. The Kosdaq also declined by 17.9 points, or 2.7%, to close at 644.78.Market sentiment was restrained after the U.S. Fed voted 9-3 on Wednesday to maintain the federal funds target rate at 3.5%-3.75%.In economic news, credit card spending in South Korea rose 7.6% to 336.9 trillion won in the April-June quarter from a year earlier, Credit Finance Association data showed.The number of approved card settlements climbed 6% to 7.96 billion in the second quarter from the same period last year.The total card approval amount growth rate rose to 7.6% in Q2 from 7.2% in Q1, while card approval volume growth increased to 6% from 5.1% during the period.Consumption improved on higher income, strong semiconductor demand, and government policies aimed at stabilizing prices and supporting public livelihoods. This helped sustain robust card spending growth.In corporate news, Samsung Electronics (KRX:005930) posted a 1,344% year-over-year jump in attributable net income to 71.3 trillion won in the second quarter from 4.934 trillion won, according to a regulatory filing.Sales surged 130% to 171.5 trillion won in the June quarter from 74.6 trillion won, which the South Korean tech company attributed to strong demand for its memory products amid the artificial intelligence boom.Shares of Samsung fell nearly 1% at market close.

^KOSDAQKOSPIKRX:005930

Equities15d ago

Saudi Aramco Hikes LPG Contract Prices for August

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, raised the monthly contract prices for liquefied petroleum gas for August.The Saudi state-owned oil giant set its contract prices for propane at $620 per metric tonne and butane at $640 per metric tonne, according to an emailed statement on Thursday.In July, Aramco's contract prices were $580 per metric tonne for propane and $600 per metric tonne for butane.

SASE:2222

Asia15d ago

Samsung Electronics Expects Chip Supply Shortage to Persist Until 2028

Samsung Electronics (KRX:005930) forecasts more severe chip supply shortage in 2027, with the trend continuing through 2028, executive vice president of memory business Jaejune Kim said in a Thursday conference call.The company has secured multi-year supply deals with the top five global data center customers and is in final stages of talks with five unnamed major companies, Kim said in the call discussing second-quarter results.The long-term deals are based on five-year terms and will make up 60% to 70% of the company's long-term total capacity, the executive said.

KRX:005930

Asia15d ago

AUO Corp Gets Board Nod for NT$8.64 Billion Capex; Shares Down 6%

Optoelectronics company AUO Corp (TPE:2409) received board approval for a proposed capital expenditure budget of NT$8.64 billion, according to a Thursday filing to the Taiwan stock exchange.The increase in capex will mainly be used to establish and optimize production capacity and the deployment of new AI technologies.The capital expenditure budget will be used flexibly based on market conditions and customer demand, and the actual payment amount will depend on the progress of execution and payment terms.The company's shares were down over 6% in Thursday's trade.

TPE:2409

Asia15d ago

COSCO Shipping Development to Acquire 15 Bulk Carriers

COSCO Shipping Development (SHA:601866, HKG:2866) plans to acquire 15 bulk carriers with a capacity of 210,000 deadweight tons each, according to a Hong Kong bourse filing.The company will acquire 10 vessels from Shanghai Waigaoqiao Shipbuilding and China Shipbuilding Trading for about 5.28 billion yuan, and five vessels from Nantong Xiangyu Shipbuilding & Offshore Engineering and Xiamen XMXYG Shipbuilding Trading for about 2.64 billion yuan.Upon delivery, the vessels will be leased to Wai Fung Shipping under 20-year lease agreements.

HKG:2866SHA:601866

Commodities15d ago

Shell Integrated Gas Production Tumbles in Q2

Shell (SHEL) produced an average of 631,000 barrels of oil equivalent per day of integrated natural gas in Q2, down about a third from Q1 output of 909,000 bpd prior to the start of conflict in the Middle East, it said on Thursday.The company's outlook for Q3 production is for similar to lower output of 570,000 to 630,000 boe/d.Natural gas liquefaction volumes were more stable at 7.7 million metric tons, down slightly from 7.9 million in Q1, with an outlook for 7.1 to 7.7 Mmt in Q3.Liquids production in Q2 was 1.37 million boe/d, rising from 1.35 mmboe/d in Q1.Natural gas production fell to 2.65 billion standard cubic feet per day, down from Q1's 2.88 billion.Total production was 1.82 million barrels of oil per day in Q2, down from 1.84 million in Q1. The outlook for Q3 is for 1.68 million to 1.88 million barrels of oil equivalent per day.Refinery utilization rose to 102% in Q2, up from 99% in Q1, the earnings update said, as the company sought to capitalize in a surge in refining margins.

$SHEL

International15d ago

Swiss KOF Economic Barometer Climbs in July

The KOF Swiss Economic Institute's economic barometer increased to 103.5 points in July from the revised 102.1 points in June, according to a Thursday release.Analysts expected 100.9 points for the month, according to Investing.com.KOF noted that the latest figure remains above the indicator's medium-term average, with positive developments across most of the indicator bundles.

^SSMI

US Markets15d ago

Panasonic's Quarterly Profit Surges 89%, Lifts Full-Year Guidance on AI-Related Demand

Panasonic Holdings (TYO:6752) reported an 89.2% year-over-year increase in net profit attributable to shareholders in the fiscal first quarter, which the company attributed to higher sales of AI infrastructure-related businesses.Net profit attributable to shareholders jumped to 135.2 billion yen from 71.5 billion yen a year earlier, according to a bourse filing on Thursday.Earnings per share in the quarter ended June 30 climbed to 57.88 yen from 30.60 yen a year earlier.The Japanese electronics manufacturer posted sales of 2.019 trillion yen, up 6.4% from 1.897 trillion yen a year ago.By segment, Energy registered the largest profit contribution at 40.9 billion yen, up from 31.9 billion yen a year earlier. The segment produces vehicle-mounted batteries, industrial batteries, and dry batteries.In a separate presentation, Panasonic noted that it recorded the highest first-quarter profit due to strong demand for AI products and adjacent businesses benefiting from rising data center demand.To reflect growing AI-related demand and spillover effects, Panasonic raised its earnings forecast for the full fiscal year ending March 31, 2027. It now expects an attributable profit of 450 billion yen, or 192.73 yen per share, up from the previous forecast of 420 billion yen.The latest forecast reflects a 137% increase from a year earlier.Full-year net sales are expected to fall 3.1% year over year to 7.800 trillion yen, softer than the previously anticipated 5.6% drop.The company expects to pay 54 yen in annual dividend for fiscal year 2027, up from 40 yen paid in fiscal 2026. It plans to distribute 27 yen per share in dividends at the end of the second quarter.Panasonic's shares closed up 2% in Tokyo trade on Thursday.

TYO:6752

Asia15d ago

Thai Mui's Accumulated Capital Increase Remains Unchanged in January-June

Thai Mui Corporation (BKK:THMUI) has not used any of the accumulated capital increase during Jan. 1 to June 30, from the funds raised through the issue of new shares for capital increase by initial public offering, according to a Wednesday filing to the Thai bourse.The ironware company had raised 235.02 million baht from the capital increase in 2017 after deduction of expenses incurred from the offering.With the absence of expenditure in the first six months, the accumulated capital increase until June 30 is 203.41 million baht.

BKK:THMUI

International15d ago

Spanish Annual Inflation Rate Rises to 3.5% in July, Flash Data Shows

Spain's annual inflation accelerated to 3.5% in July from 3.2% in June, according to provisional data from the National Statistics Institute published Thursday.The reading is above the consensus estimate of 3.2% on Investing.com.On a monthly basis, consumer prices in Spain were up 0.2%, as expected, and against the previous 0.6% gain.The Spanish annual harmonized inflation rate came in at 3.8%, higher than the previous 3.6% and the market forecast of 3.7%. Month over month, harmonized consumer prices declined 0.1%, compared with the 0.6% rise earlier and the expected 0.2% decrease.Meanwhile, the country's annual core inflation rate edged up to 3% from 2.9%.

^SXXP

Showing 9961-9980 of 73686