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Dear Life Acquires Land, Income-Producing Property in Tokyo

Dear Life (TYO:3245) acquired 1,371 square meters of land in Akatsuka 2-chome, Itabashi Ward, Tokyo, from an unnamed seller, according to a Thursday filing on the Tokyo Stock Exchange.The land is intended for a condominium development project.The Japan-based real estate company said that the transaction is funded through a combination of internal capital and borrowings from financial institutions.In a separate filing, the company said that it has acquired a 2,520-square-meter, three-story income-producing property, DeLCCS, in Nerima-Takanodai, Tokyo.The deal is financed through a combination of internal funds and borrowings from financial institutions.

TYO:3245

International16d ago

Australian Small Business Sales Growth Slows in June Quarter as Consumer Spending Softens, Says Xero

Australian small business sales grew 6.5% year on year in the June quarter, down from 7.9% in the March quarter and just below the historical average, with interest rate-sensitive industries and those dependent on discretionary spending recording the smallest sales rises, according to a Thursday report by fintech company Xero.The report said real estate services grew 4.7% year on year, retail trade 3.4%, and hospitality 2.1%, while mining and utilities outperformed at 14% and 13%, respectively.The Australian Capital Territory was the softest state performer at 3.4%, followed by New South Wales at 6.1% and Victoria at 5.3%, while the Northern Territory was the strongest at 8.4% and Queensland second at 8.2%, likely helped by the mining industry, the report added.Jobs growth slowed slightly to 3% year on year from 3.3% in the March quarter, while wages rose a modest 2.4% year on year, slightly slower than the 2.7% rise in the March quarter, the report added.The average time small businesses waited to be paid after issuing an invoice fell to 22.9 days from 24.2 days in the March quarter, with businesses paid on average six days late, down from 6.9 days, according to the report.

ASX 200

Asia16d ago

Tsinghua Tongfang Chairman Resigns

Tsinghua Tongfang's (SHA:600100) chairman, Han Yongjiang, resigned due to work reassignment, according to a Shanghai bourse filing on Thursday.The Chinese information technology company plans to conduct an election for a new chairman.The company recommended Yang Jinglong as a candidate for a non-independent director.

SHA:600100

Asia16d ago

Petra Energy Unit to Sell Two Vessels

Petra Energy (KLSE:PENERGY) unit Petra Marine has agreed to sell the accommodation work barge Petra Endeavour to India's AJR Oil & Gas Engineering Services for $7.8 million in cash.The deal is expected to generate proceeds of 31.7 million ringgit, and a net disposal gain of about 821,000 ringgit upon completion.Proceeds will be used to support the group's working capital needs, with the transaction expected to be completed by the end of September.According to a separate same-day filing, Petra Marine also agreed to sell the accommodation work barge Petra Orbit to UAE-based Beaufond Swissline FZ-LLC for $7.3 million.The deal is expected to generate 29.6 million ringgit in proceeds, and a net disposal gain of about 2.3 million ringgit.

KLSE:PENERGY

International16d ago

Australia's Central Bank to Hold Cash Rate Steady Through 2026, CommBank Says

The Reserve Bank of Australia (RBA) will likely keep its cash rate steady at 4.35% in August and through the remainder of 2026 amid softer inflation and weakness in the jobs and housing markets, Commonwealth Bank of Australia said in a Thursday report."Currently there is little need to tighten further given the combination of data prints since June and our forecasts for the remainder of 2026," said CommBank Head of Australian Economics Belinda Allen.The forecast follows Australia's consumer price index rising 3.8% in the 12 months to June, decelerating from a 4% increase in the previous month and coming in below expectations.Meanwhile, the country's jobless rate stands at 4.4%, above the central bank's 4.2% forecast for the June quarter, and a broader measure of spare capacity in the jobs market is at its highest level since December 2021.CommBank forecasts two rate cuts in 2027, one each in May and August, and also warned of a potential rate increase in November this year if prices start rising faster again and growth does not slow as expected.

ASX 200

Asia16d ago

Lujiazui Finance & Trade Zone Development's H1 Profit Jumps 36%, Revenue Rises 23%; Shares Rise 7%

Shanghai Lujiazui Finance & Trade Zone Development's (SHA:600663) net profit attributable to shareholders in the first half jumped 36% to 1.11 billion yuan from 815.4 million yuan a year earlier, according to a Shanghai bourse filing on Thursday.Earnings per share climbed year on year to 0.22 yuan from 0.16 yuan.Operating revenue rose 23% to 8.10 billion yuan from 6.60 billion yuan in the previous year.The real estate developer's shares jumped 7% during the midday trade.

SHA:600663

Treasury16d ago

Hubei Zhenhua Chemical Launches 878-Million-Yuan Convertible Bond Offering

Hubei Zhenhua Chemical (SHA:603067) on Thursday opened subscriptions for its 878-million-yuan convertible bond offering.Huatai United Securities will underwrite any shortfall up to 30% of the offering, according to a Thursday filing with the Shanghai bourse.Shares of the chemical company were down 10% in recent trade.

SHA:603067

Asia16d ago

Chengtun Mining H1 Profit Up 71%; Shares Fall 5%

Chengtun Mining (SHA:600711) posted first-half attributable net profit of 1.80 billion yuan, up 71% from 1.05 billion yuan the previous year.Earnings per share rose year over year to 0.595 yuan from 0.341 yuan, according to a filing with the Shanghai bourse.Operating revenue climbed 40% to 19.3 billion yuan from 13.8 billion yuan.Shares of the miner fell 5% in recent trade.

SHA:600711

Asia16d ago

AwanBiru Technology, Malaysia's NACSA's Cybersecurity MOU Expires

AwanBiru Technology (KLSE:AWANTEC) said a memorandum of understanding between its unit, Awantec Systems, and Malaysia's National Cyber Security Agency (NACSA) has expired, according to a Wednesday Malaysian bourse filing.The two-year MOU, which took effect on July 30, 2024, ceased to have effect on July 29, 2026.The agreement aimed to promote cooperation in cybersecurity technology, services and talent development.The company said the expiry of the MOU is not expected to have any material financial impact on the group.

KLSE:AWANTEC

Asia16d ago

Chengtun Mining Raises Budget for Daily Related-Party Transactions for 2026; Shares Slide 5%

Chengtun Mining (SHA:600711) will increase its allocation for daily related-party transactions for 2026 to 489.2 million yuan, according to a Thursday disclosure to the Shanghai Stock Exchange.The miner allocated an additional 411.5 million yuan, comprising 342 million yuan for product sales to Sichuan Langsheng New Material Technology and Sichuan Zhiyuan Lithium Industry and 69.5 million yuan for the purchase of products and services from Sichuan Saifuxun Energy Storage Technology.Shares slipped 5% during the midday break on Thursday.

SHA:600711

Asia16d ago

Sun Pharma Gets Brazil Approval for Semaglutide Injection

Sun Pharmaceutical Industries (NSE:SUNPHARMA, BOM:524715) has received approval from Brazil's health regulator, ANVISA, to manufacture and market semaglutide injection for adults with inadequately controlled type 2 diabetes, according to a Wednesday filing on Indian bourses.The company plans to launch the product in Brazil in the coming days through a partnership with Hypera Pharma. The treatment will be available as a pre-filled, multi-dose injectable pen in two strengths with once-weekly dosing.Shares of the pharmaceutical company rose nearly 1% in morning trade on Thursday.

BOM:524715NSE:SUNPHARMA

Asia16d ago

LG Uplus to Invest 1.35 Trillion Won in AI Data Center Facility Expansion in South Korea

LG Uplus (KRX:032640) will invest 1.348 trillion won to build phase two of its new artificial intelligence data center facility in Paju, South Korea, according to a Thursday filing with the Korea Exchange.The telecommunications operator said the investment represents 14.88% of its equity capital and will accommodate growing customer demand.The construction of the new facility is scheduled to start on Aug. 1, with completion expected by Nov. 30, 2028.

KRX:032640

Asia16d ago

ANA Holdings' All Nippon Airways, IBEX Airlines Sign ACMI Agreements

ANA Holdings (TYO:9202) subsidiary All Nippon Airways and IBEX Airlines have signed a partnership regarding aircraft, crew, maintenance and insurance (ACMI) agreements for ANA flights, according to a Wednesday release.Under the agreement, the two companies will develop the current codeshare arrangement and launch ACMI operations for ANA flights.ANA will be the marketing carrier, handling route planning and sales, while IBEX will be the operating carrier tasked with flight operations.Both companies will use the Embraer E190-E2 aircraft as their operational fleet.The parties plan for operations to start in fiscal 2029, subject to approval by relevant authorities.Shares of ANA Holdings were down 3% in recent trade.

TYO:9202

International16d ago

Hong Kong Private Home Prices Rise for 13th Straight Month in June

Private home prices in Hong Kong extended their gains for a 13th consecutive month in June, though the pace of growth eased to 0.3%, provisional data from the Rating and Valuation Department showed on Wednesday.The overall private domestic price index rose to 323.2 in June from a revised 322.2 in May. The increase followed a revised 1.5% monthly gain in May.Prices have climbed 7.9% in the first six months of the year, reaching their highest level since September 2023.

Hang Seng

Equities16d ago

Adnoc Drilling Books Higher H1 Attributable Profit, Revenue

Adnoc Drilling (ADX:ADNOCDRILL) said Thursday its attributable profit and revenue in the first half rose year over year.Profit attributable to owners for the six months ended June 30 was $701.9 million, compared with $691.9 million a year ago. EPS moved to $0.0439 from $0.0433.The Abu Dhabi-listed offshore drilling company's revenue was $2.46 billion, compared with $2.37 billion earlier.Meanwhile, the board approved a cash dividend of 0.06 dirham per share for the second quarter, which is expected to be paid in the second half of August to shareholders on record Aug. 10. It paid 0.05 dirham a year ago.For the full year 2026, the group reaffirmed its guidance for revenue of $5 billion and net profit between $1.45 billion and $1.50 billion.

ADX:ADNOCDRILL

Equities16d ago

Market Chatter: Shell, Phillips 66 Enlist Bankers for US Pipeline Stakes Sale

Shell (SHEL.L, SHELL.AS) and Phillips 66 enlisted bankers for the potential sale of their stakes in the Explorer pipeline in the US, Reuters reported Wednesday, citing people familiar with the matter.The energy companies have enlisted investment bankers from Greenhill and RBC Capital Markets for the potential sale, according to the report. The potential deal could value Explorer at $3.5 billion, according to the people.Shell and Phillips 66 hold a combined 61% stake in the pipeline's owner. The pipeline transports gasoline, jet fuel and other fuel products from Texas through the US Midwest.Shell, Phillips 66 and Explorer did not immediately respond to' requests 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.)

$SHEL.L$SHELL.AS

Asia16d ago

Far East Smarter Energy's Unit to Sell Assets for 110 Million Yuan

Far East Smarter Energy (SHA:600869) unit Jiangsu Far East Battery plans to dispose of certain assets for a total of 109.9 million yuan, according to a Shanghai bourse filing on Thursday.The subsidiary will sell 62 items of machinery and 206 items of electronic equipment to Ningbo Jingyan Liangzao New Energy Technology for 39.3 million yuan. Additionally, 83 items of machinery and 242 items of electronic equipment will be sold to Jiangsu Jihou Intelligent Technology for 70.6 million yuan.The smart energy company's shares fell 8% during the midday trade.

SHA:600869

Asia16d ago

Semico Capital Forms JV to Operate Family Entertainment Outlet

Semico Capital (KLSE:SEMICO) signed a joint venture and shareholders agreement with Chan Kean Seng and Kosmare to operate a family entertainment outlet at the Pavilion Bukit Jalil Shopping Mall, according to a Wednesday Bursa Malaysia filing.On completion, Kosmare will issues new shares, granting the family entertainment products and services provider a 49% stake for 490,000 ringgit and Chan a 51% stake for 510,000 ringgit.The parties will further provide funding of 3 million ringgit to 4 million ringgit.The venture is a strategic initiative to strengthen the company's core business and broaden revenue streams.

KLSE:SEMICO

International16d ago

Credit Card Spending in South Korea Rises 7.6% in Q2

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 Thursday.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.

^KOSDAQKOSPI

Asia16d ago

Shenergy Completes 2 Billion Yuan Convertible Bond Issuance

Shenergy (SHA:600642) completed the issuance of 2 billion yuan in convertible bonds, according to a Thursday filing with the Shanghai Stock Exchange.Existing shareholders subscribed for the majority of the offering, taking up 1.42 million lots valued at 1.42 billion yuan.Online investors absorbed an additional 570.8 million yuan, while joint lead underwriters Huatai United Securities and CITIC Securities subscribed to the remaining 6.67 million yuan in unallocated bonds.Shenergy's shares fell 1% recently.

SHA:600642

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