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Hengrui Pharmaceuticals Gets China Nod for Five Cancer Drug Trials

Jiangsu Hengrui Pharmaceuticals (SHA:600276, HKG:1276) subsidiaries obtained China's regulatory approval to conduct clinical trials for five anticancer drugs.These drugs are SHR-4610, SHR-1826, SHR-A2009, Ruikang Trastuzumab and SHR-8068, according to a Monday filing with the Shanghai bourse.Shares of the company slid 1% on the Shanghai bourse and rose 1% in Hong Kong.

HKG:1276SHA:600276

Asia20d ago

NTPC Sets Sept. 2 Record Date for Final Dividend

NTPC (NSE:NTPC, BOM:532555) fixed Sept. 2 as the record date to determine shareholders eligible for a final dividend of 3.50 rupees per share for the fiscal year ended March, according to a Monday stock exchange filing.The state-owned power producer will hold its 50th annual general meeting on Aug. 27 via video conferencing and other audio-visual means.If approved by shareholders, the final dividend will be paid on or after Sept. 23, subject to applicable tax deductions at source.

BOM:532555NSE:NTPC

Asia20d ago

Update: Hong Kong Probes Fatal Fall at Swire Pacific Unit's HAECO Hangar

(Updates to add HAECO's response to' email seeking comment)Hong Kong's Labour Department has launched an investigation after a worker died in a fall at an aircraft hangar operated by Hong Kong Aircraft Engineering Company (HAECO), a subsidiary of Swire Pacific (HKG:0019, HKG:0087), on Monday.Police received a report at 8:35 a.m. that a worker had been injured at HAECO's Chek Lap Kok facility.The Labour Department said the worker fell from the working platform of a fuselage dock while carrying out maintenance on an aircraft hull. He was later pronounced dead at the hospital.The department issued a suspension notice prohibiting the use of the fuselage dock involved until the employer has taken adequate measures to eliminate the relevant safety risks.HAECO, in an emailed response to' request for comment, confirmed the fatal incident and said the company is fully cooperating with relevant authorities.Meanwhile, Swire Pacific did not immediately respond to' request for comment.

HKG:0019HKG:0087

Asia20d ago

Shanghai Pudong Development Bank Gets China Regulator Approval to Increase Registered Capital

Shanghai Pudong Development Bank (SHA:600000) received approval from China's National Financial Regulatory Administration to increase its registered capital, according to a Tuesday filing with the Shanghai bourse.The bank increased its registered capital to 33.3 billion yuan from 29.4 billion yuan following the issuance of 50 billion yuan in six-year convertible bonds that matured Oct. 27, 2025.Following maturity, the bonds were converted to 3.95 billion shares.

SHA:600000

Asia20d ago

South Korea, Brazil Agree to Accelerate Mercosur Trade Deal Talks

South Korean President Lee Jae Myung and Brazilian President Luiz Inácio Lula da Silva agreed on Monday to accelerate negotiations for a long-delayed free trade agreement between South Korea and the Mercosur bloc.During their summit in Brasília, the two leaders declared 2026 as the inaugural year of a new Korea-Brazil Strategic Partnership, establishing a high-level committee to deepen cooperation in trade, defense, aerospace, and critical minerals, according to a transcript of the summit shared on YouTube by Yonhap News.

KOSPI

Asia20d ago

Elementos Receives Approval for Spain Project Access Road Upgrade

Elementos (ASX:ELT) received approval for the upgrade of sections of the public road network and the construction and improvement of the dedicated site access road to the company's Oropesa project in Spain, according to a Tuesday filing with the Australian bourse.The approval, which covers 8.1 kilometers of critical road access infrastructure, further de-risks the project, the filing said.The company is moving forward with access infrastructure planning, which includes detailed engineering design, finalizing road construction scheduling, and integrating the approved works into the project development schedule, per the filing.Shares fell past 1% in morning trade Tuesday.

ASX:ELT

International20d ago

Taiwan's Business Climate Index Signal Remains in Red in June

Taiwan's overall economic monitoring indicator flashed a red signal in June, with the total score coming in at 41 points, according to data released by the National Development Council (NDC) on Tuesday.The latest score increased by 2 points from the 39 points recorded in the previous month.The trend-adjusted leading index rose 0.57% in June to 104.17, marking its fourth consecutive month of growth.The trend-adjusted coincident index edged up 0.94% to 108.17, rising for the 10th straight month.The trend-adjusted lagging index grew 1.34% to 103.72, moving up for the seventh month in a row.

Taiwan Weighted

Commodities20d ago

Moody's Raises JSW Steel Issuer Rating to Baa3, Assigns Stable Outlook

Moody's Ratings upgraded JSW Steel's (BOM:500228, NSE:JSWSTEEL) long-term issuer rating to Baa3 from Ba1 and assigned a stable outlook, according to a Monday press release.The ratings agency cited the company's stronger credit profile following debt reduction and its position as India's largest steel producer with cost-competitive operations.The ratings agency also upgraded JSW Steel's senior unsecured ratings to Baa3 from Ba1 and withdrew its Ba1 corporate family rating.Moody's expects JSW Steel's debt-to-EBITDA ratio to improve to 2.0x to 2.5x over the next 12 to 18 months from 3.4x in fiscal 2025-26, supported by debt repayment using proceeds from the sale of a 50% stake in Bhushan Power & Steel.The agency said the stable outlook reflects expectations that the company will continue to grow earnings while maintaining financial discipline as it expands capacity to meet rising steel demand in India.

BOM:500228NSE:JSWSTEEL

Asia20d ago

Beetaloo Energy Australia Advances Northern Territory Gas Plant Construction in June Quarter

Beetaloo Energy Australia (ASX:BTL) advanced construction of the Carpentaria gas plant in the Northern Territory in the quarter ended June 30, with key plant components installed on site, according to a Tuesday filing with the Australian bourse.The project is slated for commissioning in the fourth quarter, the filing said.The company also started Carpentaria-5H flow testing in June, achieving an average rate over 30 days of 6.9 terajoules per day and an exit rate of 6.7 terajoules per day, per the filing.Shares fell 2% in morning trade Tuesday.

ASX:BTL

Asia20d ago

Forrestania Resources Boosts Cash Position in June Quarter; Shares Down 8%

Forrestania Resources (ASX:FRS) ended the June quarter with AU$7.8 million in cash reserves and AU$15.6 million in listed investments, according to a Tuesday filing with the Australian bourse.The company held AU$2.5 million in cash reserves at the close of March, an earlier filing showed.Forrestania secured about AU$310 million of institutional equity raising in the June quarter to support its ambition to transform into a mid-tier Australian gold producer.The company's shares fell past 8% in recent Tuesday trade amid a broadly lower market.

ASX:FRS

Asia20d ago

Foxconn Industrial Internet to Repurchase Shares for Up to 2 Billion Yuan

Foxconn Industrial Internet (SHA:601138), a subsidiary of Hon Hai Precision Industry (TPE:2317), plans to repurchase its shares ranging from 1 billion yuan to 2 billion yuan, using its own funds, according to a Monday filing to the Taiwan bourse.Foxconn's shares were down over 2% in Tuesday's trade.The repurchase will be conducted through centralized bidding, and the price will be capped at 103 yuan per share, said the contract manufacturer of AI servers.The repurchase will be carried out within three months after receiving the board of directors' approval.

SHA:601138TPE:2317

Asia Markets20d ago

Correction: Abu Dhabi, Dubai Stocks Begin US Fed Week in Green

(Corrects to remove Emirates Islamic Bank ticker)Shares in the United Arab Emirates closed Monday higher as investors shift their attention to the US Federal Reserve's upcoming interest rate decision due later in the week while keeping watch of the latest regional developments in the Middle East.At the close of trading, the FTSE ADX General Index was up 0.173%, while the DFM General Index added 0.987%.The US Fed will announce its interest rate decision on Wednesday, with markets expecting the federal funds rate to remain unchanged amid persistent inflation, volatile oil prices, and geopolitical risks."Our base case is that the Fed will stay on hold at 3.5-3.75% in July. But the spike in oil prices has made it a close call. With markets now pricing nearly 10bp of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks," BofA Global Research said. "We think July is Warsh's call as he has enough votes either way. He has strategic incentives to hike soon. We still expect three 25bp hikes, in Sep, Oct & Dec."Boosting investor sentiment is the temporary pause in the exchange of attacks between the US and Iran, raising hopes for renewed diplomatic talks. However, the Iran-backed Houthi forces attacked two energy facilities in Saudi Arabia in retaliation for the latter's air strikes on its military positions in Hodeidah.Back home and on the corporate front, FAB Securities reiterated its accumulate rating on the National Bank of Ras Al-Khaimah (ADX:RAKBANK), d/b/a Rakbank, with a price target of 10 Emirati dirhams per share, citing resilient profitability growth in the second quarter backed by an increase in net funded and non-funded income. Its shares closed the session 0.66% higher.Over in Dubai, Emirates Islamic Bank executed a host-to-host integration of its banking platform with Taaleem Holdings' (DFM:TAALEEM) enterprise resource planning system to enhance the latter's payment processes. Taaleem shares were 0.63% in the green at the time of closing.

^DFMGI^FADGIADX:RAKBANKDFM:EIBANKDFM:TAALEEM

Asia20d ago

China Shares Slide at Open on Global Semiconductor Selloff

Chinese equities opened lower on Tuesday, dragged down by a broader global selloff in semiconductor and technology stocks.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.9% lower to 3,823.13. The tech-heavy Shenzhen Component Index dropped 2.3% to start the session at 13,830.35.Chip stocks fell sharply worldwide after renewed concerns over the sustainability of massive spending on artificial intelligence, Reuters reported.The selloff spread across Asia, with the SSE STAR 50 Index (SHA:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, dropping 2.9% at market open.

Shanghai Composite^SZSESHA:000688

Asia20d ago

Deep Yellow Ends June Quarter With AU$160 Million Cash, Advances Tumas Project Toward FID

Deep Yellow (ASX:DYL) ended the June quarter with cash and cash equivalents of AU$160 million, while advancing its Tumas project toward a final investment decision (FID) anticipated in the fourth quarter of the year, according to a Tuesday Australian bourse filing.The company said it also progressed its Mulga Rock Project in Western Australia through processing trade-off studies and development of a revised geometallurgical model, while the Alligator River project in the Northern Territory is positioned for the start of the 2026 drilling campaign in August.

ASX:DYL

Asia20d ago

NZX Midday Sector Update: Consumer Durables Sector Soars, Electronic Technology Sector Struggles

Consumer durables shares gained the most on New Zealand's Exchange, rising about 2% on Tuesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 3% in recent trade.Meanwhile, shares of the electronic technology sector fell roughly 2%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell nearly 2% in recent trade.

^NZ50ASX:IKEASX:KMDNZE:IKENZE:KMD

Asia20d ago

Origin Energy CEO Says Information of Around 900,000 Current, Former Customers Accessed in Data Breach Incident

Origin Energy (ASX:ORG) Chief Executive Frank Calabria said the firm had completed the initial phase of its ongoing review into a recent customer data security incident, which indicated that the information of around 900,000 current and former customers was accessed, according to a statement on Tuesday.The firm had earlier said the impacted data potentially includes name, address, date of birth, contact phone number, and account information, as well as the last four digits of a credit card or the last three digits of a bank account.Calabria apologized to the firm's customers and said it was contacting impacted customers and providing support. It extended its customer support hours and established a dedicated contact number for this incident. Origin is also working with cybersecurity and forensic specialists to ensure the incident is contained, he added.It notified the Office of the Australian Information Commissioner regarding the matter.Origin's shares fell nearly 2% in recent trading on Tuesday.

ASX:ORG

Asia20d ago

Tokai Tokyo Financial to Inject HK$50 Million into Hong Kong Subsidiary

Tokai Tokyo Financial Holdings (TYO:8616) will subscribe to new shares issued by its wholly owned Hong Kong subsidiary, Tokai Tokyo Securities, through a HK$50 million capital increase.The capital injection will raise Tokai Tokyo Securities' share capital to HK$205 million from HK$155 million, with payment scheduled for July 30, according to a Tuesday filing with the Tokyo Exchange.Shares of Tokai Tokyo Financial Holdings fell over 2% in recent trade.

TYO:8616

Asia20d ago

CSL Says Topline Phase 3b Results Support Plan to Seek Expanded Pediatric Indication for Andembry

CSL's (ASX:CSL) Andembry drug showed a favorable safety and tolerability profile in a phase 3b study in children aged between two and 11 years with hereditary angioedema, a genetic disorder characterized by severe swelling, according to a late Monday statement.The company said it observed treatment response across the study population, with most of the participants remaining attack-free during the 12-month treatment period.The topline results support CSL's plan to seek an expanded pediatric indication for Andembry, and the company intends to start submitting filings to health authorities in the first half of its fiscal year.CSL shares gained 1% in recent Tuesday trade.

ASX:CSL

Asia20d ago

Aroa Biosurgery Appoints Chief Commercial Officer

Aroa Biosurgery (ASX:ARX) appointed Michael Lynskey as chief commercial officer, according to a Tuesday Australian bourse filing.The company's shares fell 2% in recent Tuesday trade.

ASX:ARX

Asia20d ago

Singapore Shares Open Lower on Tuesday

Singapore shares fell at the open on Tuesday, tracking declines across Asia, on caution ahead of key central bank decisions and tech earnings.The Straits Times Index retreated 0.8%, or 42.8 points, to 5,577.430.Investors will be focused on interest rate decisions from the U.S. Federal Reserve, the Bank of Japan and the Bank of England this week, while also monitoring corporate earnings and geopolitical developments.

^STI

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Asia Markets20d ago

Correction: Abu Dhabi, Dubai Stocks Begin US Fed Week in Green

^DFMGI^FADGIADX:RAKBANKDFM:EIBANKDFM:TAALEEM