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Flight Centre Travel's Shares Rise After Unit Re-Signs Design, Consultancy Group to 10-Year Contract

Flight Centre Travel Group's (ASX:FLT) shares rose past 2% in recent trading on Wednesday after its unit FCM Travel said late Tuesday that it re-signed design and consultancy organization Arcadis to a 10-year contract.The agreement consolidates Arcadis's travel, FCM Meetings & Events, and FCM Consulting services under a single partnership.Arcadis has been a customer of FCM Travel for three years, per the statement.

ASX:FLT

Asia20d ago

Marumae Reports No Damage at Plants After Japan Earthquake

Marumae (TYO:6264) said no employee injuries or damage to buildings or equipment had been confirmed at its Izumi and Takaono factories or subsidiary KM Aluminium following Tuesday's earthquake, according to a same-day filing with the Tokyo Stock Exchange.The earthquake struck Japan's Kumamoto and Kagoshima prefectures. Marumae said it will provide an update if any damage is confirmed as aftershocks continue.Shares of the machinery manufacturer gained nearly 2% in recent trade.

TYO:6264

Asia20d ago

Hong Kong Stocks Advance at Open Ahead of US Fed Decision

Hong Kong stocks opened higher on Wednesday as investors looked ahead to the U.S. Federal Reserve's policy decision.The Hang Seng Index rose 0.7%, or 176.31 points, to 25,487.16, while the Hang Seng China Enterprises Index gained 0.8%, or 63.78 points, to 8,500.03.The U.S. Federal Reserve is widely expected to keep interest rates unchanged when it concludes its two-day meeting, though Fed funds futures imply a 32% chance of a rate hike.Lower oil prices also helped ease inflation concerns after Washington suspended airstrikes on Iran, with Brent crude falling 5%.

Hang Seng

Asia20d ago

Nickel Industries Reports 4% Sequential Increase in Q2 Ore Production

Nickel Industries (ASX:NIC) reported second-quarter ore production of 4.1 million wet metric tonnes, up 4% from the first quarter, according to a Wednesday filing with the Australian bourse.The company's adjusted earnings before interest, taxes, depreciation, and amortization for mining operations increased 58% to $45.7 million in the second quarter from $29 million in the first quarter, per the filing.Meanwhile, second-quarter ore sales declined 5% sequentially to about 2.9 million wet metric tonnes as an eight-day suspension of mining operations in early April and associated contractor standby costs of $1.7 million weighed on quarterly performance.Nickel Industries also reported a unit operating cost for mining operations of $21.90 per wet metric tonne in the second quarter, up 40% from $15.70 in the first quarter.

ASX:NIC

Asia20d ago

Vulcan Energy Resources Achieves Financial Close for Europe Project in June Quarter

Vulcan Energy Resources (ASX:VUL) achieved financial close for its 2.2 billion euro phase one Project Lionheart in the Upper Rhine Valley Brine Field between Germany and France in the period ended June 30, according to a Wednesday filing with the Australian bourse.The company also started civil construction activities at the Lionheart 30-megawatt geothermal power plant site in Germany, the filing said.Bulk earthworks and the relocation of overhead high-voltage power lines are on track for completion by the third quarter, per the filing.Shares rose 1% in morning trade Wednesday.

ASX:VUL

Asia20d ago

Singapore Shares Open Higher on Hopes of Resolution to Middle East Crisis

Singapore shares opened with gains on Wednesday as hopes for a diplomatic solution to the Middle East conflict led to an easing of global oil prices.The Straits Times Index was up 0.08%, or 4.51 points, to open at 5,611.590.Sentiment received a boost following a high-stakes meeting between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu at the White House on Tuesday.This marks their first in-person talks after the Middle East war began earlier in the year. The talks prompted hopes for renewed peace efforts, while lower oil prices are also expected to reduce the pressure on the US Federal Reserve's interest rate decision later this week.

^STI

International20d ago

Australia's CPI Up 3.8% in Year to June, Trimmed Mean Inflation at 3.6%

ASX 200

Asia20d ago

Lycopodium Wins AU$22 Million Detailed Engineering Contract for PLS Group Unit's Western Australia Expansion Project

Lycopodium (ASX:LYL) was awarded a detailed engineering services contract by Pilgangoora Operations, a unit of PLS Group (ASX:PLS), for the design of the wet plant to progress to final investment decision for the P2000 expansion project in Western Australia, according to a Wednesday Australian bourse filing.The contract is valued at about AU$22 million, with work commencing immediately, the filing said.Lycopodium's shares rose 1% in recent Wednesday trade, while PLS Group's shares added about 2%.

ASX:LYLASX:PLS

Asia20d ago

Japanese Stocks Rebound ag Open as AI Selloff Creates Buying Opportunity

Japanese shares advanced at Wednesday's open as analysts viewed the recent plunge in AI-related stocks as an attractive entry point.The Nikkei 225 rose 369.8 points or 0.6% to 62,734.68 at the opening bell.Goldman Sachs Japan on Wednesday told Bloomberg News that the sharp downturn in tech shares may have run its course.Meanwhile, renewed Middle East hostilities pushed Brent crude up roughly 5% to surpass US$87 a barrel, snapping a three-day slide, after the U.S. military reported intercepting an Iranian attack attempt on regional forces.The escalation followed a period of relative calm that had sent Brent crude to its steepest three-day drop since April 2020.

Nikkei 225

Asia20d ago

Ramelius Resources Meets Production Guidance for Sixth Consecutive Year in Fiscal Year 2026

Ramelius Resources (ASX:RMS) reported June quarter gold production of 53,466 ounces, bringing annual gold production for fiscal year 2026 to 192,182 ounces, according to a Wednesday filing with the Australian bourse.The company reported gold production of 73,454 ounces for the year-ago quarter and 301,664 ounces for fiscal year 2025, a previous filing showed.Ramelius said it met production guidance for the sixth consecutive year in fiscal year 2026.The company ended the June quarter with cash and gold of AU$649.6 million, up from AU$606.5 million at the end of March, with quarterly operating cash flow of AU$191.2 million and underlying free cash flow of AU$138.3 million.Ramelius Resources shares gained 2% in recent Wednesday trade.

ASX:RMS

Asia20d ago

Update: Market Chatter: Bisalloy Steel Group Gets $2 Million Order From General Dynamics Electric Boat

(Updates to add a statement from Bisalloy Steel Group in the fourth paragraph, and stock movement in the fifth paragraph)Bisalloy Steel Group (ASX:BIS) secured a $2 million purchase order from US defense contractor General Dynamics Electric Boat to supply steel for the construction of Virginia-class submarines, The Australian reported Wednesday, citing Australian Defense Industry Minister Pat Conroy.In remarks delivered at the Australian embassy in Washington, Conroy said Australia-made steel will be used for US Virginia-class submarines for the first time, according to the report.General Dynamics Electric Boat toldit doesn't have any prepared comments on the matter.In an Australian bourse filing on Wednesday, Bisalloy said it received its first order to supply HY80 steel to the US submarine industry. Raw steel plate is manufactured by BlueScope Steel (ASX:BSL), while Bisalloy conducts the specialized processing and heat treatment required to produce the HY80 steel, which meets the the US Navy's TP300 standard.Bisalloy's shares jumped nearly 5% in recent trading on Wednesday.(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.)

ASX:BISASX:BSL

Asia20d ago

Greatland Resources Posts Higher Gold Production in June Quarter

Greatland Resources (ASX:GGP) reported June quarter production of 79,100 ounces of gold and 3,573 tonnes of copper, achieving an all-in sustaining cost (AISC) of AU$2,312 per gold ounce, according to a Wednesday filing with the Australian bourse.The company produced 78,283 ounces of gold and 3,729 tonnes of copper during the June 2025 quarter, at an AISC of AU$1,736 per gold ounce, an earlier filing showed.Sales in the June quarter were 74,648 ounces of gold at an average price of AU$6,468 per ounce and 3,531 tonnes of copper at an average price of AU$16,107 per tonne.The company reported sales of 87,529 ounces of gold at an average price of AU$5,014 per ounce and 3,740 tonnes of copper at an average price of AU$12,718 per tonne in the prior corresponding period.The company expects fiscal 2027 gold production to be between 260,000 and 300,000 ounces, with an AISC of AU$2,900 to AU$3,330 per ounce.The company's shares fell around 1% in recent Wednesday trade.

ASX:GGP

Asia20d ago

Kingsgate Consolidated Acquires AU$11 Million Land to Support Thailand Mine Expansion, Shares Down 4%

Kingsgate Consolidated (ASX:KCN) said its unit Akara Resources has substantially completed a strategic land acquisition program to support the ongoing expansion of the Chatree gold mine in Thailand, securing 24 land parcels covering about 86 hectares for total consideration of about AU$11 million, according to a Wednesday Australian bourse filing.The company said the acquisition provides sufficient land to expand the tailings storage facility (TSF) and waste dump areas, supporting the current mine plan and providing additional infrastructure capacity for the next six to eight years.About AU$6.6 million of the acquisition cost was settled before June 30, with the balance expected to settle progressively over the coming weeks as the remaining transactions are completed, the filing added.The company's shares fell 4% in recent Wednesday trade.

ASX:KCN

Asia20d ago

Alkane Resources Updates Mineral Resource for Sweden Deposit After Drilling Intercepts Gold-Bearing Quartz Veins

Alkane Resources (ASX:ALK) updated the mineral resource for the Storheden deposit at its Björkdal operation in Sweden after recent drilling intercepted gold-bearing quartz veins along 2.7 kilometers strike length and to a depth of 464 meters, according to a Wednesday Australian bourse filing.The mineral resource now includes indicated resources of 1.1 million tonnes grading 2.51 grams per tonne (g/t) grade of gold, or 87,000 ounces and inferred resources of 1.9 million tonnes grading 2.11 g/t grade of gold, or 125,000 ounces, the company said. This represents an increase of around 26% in inferred contained gold from the previous inferred resource.The drilling delivered assays of 39.2 g/t grade of gold over 0.6 meters, as well as 107 g/t grade of gold over 0.4 meters.The company's shares climbed nearly 2% in recent trading on Wednesday.

ASX:ALK

Asia20d ago

Predictive Discovery Completes $10 Million Investment in Gold Exploration Firm

Predictive Discovery (ASX:PDI) completed the $10 million strategic investment in Awalé Resources, a West African-focused gold exploration firm, according to a Wednesday filing with the Australian bourse.The investment brings the company's shareholding in Awalé to 11.8%, the filing said.

ASX:PDI

Asia20d ago

Update: Rio Tinto Group Posts Higher H1 Underlying Earnings, Revenue; Shares Up 5%

(Updates to add stock movement in the headline and last paragraph)Rio Tinto Group (ASX:RIO) reported Wednesday that its underlying earnings per basic share in the first half rose to $4.214, from $2.96 a year earlier.Analysts polled by FactSet were expecting an earnings of $4.32.Consolidated sales revenue for the six months ended June 30 was $31.03 billion, up from $26.87 billion in the same period last year. Analysts surveyed by FactSet expected $31.17 billion.The company maintained its 2026 guidance, forecasting consolidated copper production of 800,000 to 870,000 tonnes and total iron ore sales of 343 million to 366 million tonnes.The board declared an interim dividend of $2.11 per share, up from the $1.48 in the prior corresponding period, payable on Sept. 24 to shareholders on record as of Aug. 14.The company's shares rose around 5% in recent Wednesday trade.

ASX:RIO

Asia20d ago

Fubon Financial's China Banking Unit Fined 300,000 Yuan by Chinese Regulator

Chinese regulators have fined the Shanghai Minhang sub-branch of Fubon Financial's (TPE:2881) banking subsidiary, Fubon Bank (China), for deficiencies in reviewing documentation for foreign currency remittances from resident individuals to non-resident individuals.The lender has implemented corrective measures to address the compliance shortcomings, according to a Tuesday filing.

TPE:2881

Asia20d ago

CSL to Conduct Trial Work to Confirm Efficacy, Safety of Immunoglobulin Produced Via Proprietary Process; Shares Jump 6%

CSL (ASX:CSL) will conduct clinical trial work to confirm the efficacy and safety of immunoglobulin manufactured using its Horizon 2 process, according to a Wednesday Australian bourse filing.The company said it expects clinical activities to start in mid-2027.The process enables greater production of immunoglobulin from the same base amount of plasma, per the filing.The company said it will obtain clinical evidence to support and finalize regulatory approval processes for Horizon 2 after its engagements with the US Food and Drug Administration and European Medicines Agency.CSL's shares rose nearly 6% in recent trading on Wednesday.

ASX:CSL

Asia20d ago

Market Chatter: Xiaohongshu IPO Plans Face Scrutiny Over Corporate Structure Complaint

Xiaohongshu is facing scrutiny over any potential Hong Kong listing after a former employee challenged its corporate structure, Reuters reported Tuesday.The Chinese social media platform has also hired advisors for a potential initial public offering, the report said, citing sources.The complaint, filed with Hong Kong's stock exchange, questions the company's use of a variable interest entity (VIE) structure following a dispute over share-based compensation, according to the report.The former employee reportedly argued Xiaohongshu treated its mainland and offshore entities as separate when rejecting his stock option claims, despite VIE arrangements relying on contractual control between the two.Xiaohongshu did not immediately respond to' request 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.)

Hang Seng

Asia20d ago

Racura Oncology Says Safety Review Committee Completes Review of HARNESS-1 Trial Single-Patient First Group Safety Data

Racura Oncology (ASX:RAC) said the Safety Review Committee completed its review of safety data from the HARNESS-1 trial single-patient first group who received a dose of its RC220 drug candidate at 50 milligrams per square meter with osimertinib 80 milligrams daily, according to a Wednesday Australian bourse filing.No dose-limiting toxicities or treatment-related safety concerns were identified during the safety observation period. However, the patient reported moderate symptoms consistent with colitis, an inflammation of the large intestine or colon, after the period ended. The cause of these symptoms has not yet been determined, and clinical investigations are ongoing.The observed colitis was not considered a dose-limiting toxicity or treatment-related adverse event. However, the committee recommended that one additional patient receive the drug candidate at 50 milligrams per square meter with 80 milligrams of osimertinib before dose escalation to 100 mg/m2 occurs, as a prudent precaution.The committee is expected to meet again in the next six to eight weeks to evaluate the safety data from the second patient.

ASX:RAC

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