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ASE Technology Unit Buys Machinery, Equipment Worth NT$6.22 Billion

ASE Technology (TPE:3711) unit ASE Test acquired machinery and equipment from Advantest Taiwan worth NT$6.22 billion.The purchases were made between March 18 and July 27, according to a Monday Taiwan Exchange filing.The machinery will be used for production and operations, it said.

TPE:3711

Commodities20d ago

Market Chatter: Devon Energy Eyes $4 Billion Sale of Eagle Ford, Powder River Shale Assets

Devon Energy (DVN) is exploring the sale of its Eagle Ford and Powder River shale assets, aiming to fetch more than $4 billion, as part of its bid to streamline rest of its portfolio, according to a Bloomberg report, citing people familiar with the matter.The company is planning to announce a strategic review of its assets located in South Texas and Wyoming during its earnings call in early August, according to one of the people familiar with the matter, who noted that no final decision was taken on the matter just yet.This comes amid the growing push by the company's investors to focus on its core assets in the Permian Basin, following its $58 billion merger with Coterra Energy.Devon Energy did not immediately respond to' request for a comment on this story.(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.)

$DVN

Asia20d ago

Zhongzhong Science & Technology Vice Chair Buys 835,000 Yuan in Shares

Zhongzhong Science & Technology Tianjin (SHA:603135) vice chair and actual controller Gu Fenglan raised her stake via the purchase of 100,000 shares at 835,000 yuan.The move raised Gu's direct stake to 11.89% from 11.88%, according to a weekend filing with the Shanghai bourse, according to a weekend filing with the Shanghai bourse.Together with daughter Ma Bingbing, who holds a 47.54% stake, the related parties' shareholding rose to 59.42%.Shares of the metallurgical equipment manufacturer closed 4% higher Monday.

SHA:603135

Asia20d ago

SK Hynix Upgrades Q4 Purchases with SK Innovation to 30 Billion Won

SK Hynix (KRX:000660) said that it has upgraded its fourth-quarter purchases from affiliate SK Innovation Co. to 30.42 billion won, revising it upward from the earlier estimate by over 20%, according to a Monday filing with the Korea Exchange.The company said that the transaction includes 8.68 billion won for LNG terminal services, 16.58 billion won for mySUNI usage and learning content and infrastructure services, and 5.16 billion won for electricity trading services.The transactions are scheduled between October 1 and December 31.

KRX:000660

Asia20d ago

Singapore, Australia Sign Industrial Base Resiliency Arrangement

Singapore and Australia signed an Industrial Base Resiliency Arrangement to deepen defense logistics and supply chain cooperation, strengthening bilateral defense ties.The agreement establishes a framework to support the resilience of the Singapore Armed Forces' and Australian Defence Force's industrial bases under a 2025 memorandum of understanding on enhanced defense cooperation.Singapore Defense Minister Chan Chun Sing and Australian Deputy Prime Minister and Defense Minister Richard Marles also discussed expanding access to defense facilities, increasing defense science and technology cooperation, and boosting military exchanges.

^STI

Asia20d ago

CITIC Securities' China Asset Management Records H1 Net Profit of 1.41 Billion Yuan

CITIC Securities' (SHA:600030, HKG:6030) unit, China Asset Management, recorded a preliminary net profit of 1.41 billion yuan for the first half, according to a Monday disclosure on the Shanghai bourse.The securities company's Shanghai and Hong Kong shares both rose 1% at the close.Operating revenue in the same period was 5.71 billion yuan.The company holds a 27.8% equity in China Asset Management.

HKG:6030SHA:600030

Asia20d ago

Larsen & Toubro's ESG Score Cut to 69.8 by SES

Larsen & Toubro (NSE:LT, BOM:500510) said SES ESG Research revised its ESG score to 69.8 from 71.3 in June.The lower score was mainly due to a decline in environmental and social performance, according to a Monday filing on Indian bourses.Shares of the company rose nearly 1% in recent trade.

BOM:500510NSE:LT

Asia20d ago

SK Hynix Upgrades Q3 Purchases with SK Inc to 120 Billion Won

SK Hynix (KRX:000660) said that it has upgraded its third-quarter purchases from affiliate SK Inc to 120.64 billion won, revising it upward from the earlier estimate by over 20%, according to a Monday filing with the Korea Exchange.The company said that the transaction includes 31.36 billion won for infrastructure and system improvement and development services and 65.28 billion won for infrastructure system operation and maintenance services.The transactions are scheduled between July 1 and September 30.

KRX:000660

Asia20d ago

Taiyuan Heavy Industry Controlling Shareholder to Increase Stake

Taiyuan Heavy Industry (SHA:600169) controlling shareholder Taiyuan Heavy Machinery will increase its holdings of unrestricted A shares at between 80 million yuan and 160 million yuan, according to a Saturday filing with the Shanghai bourse.Following the shareholding increase, Taiyuan Heavy Industry Group will hold 1.72 billion shares, equivalent to 51.68% of the entire shareholding of the listed company.

SHA:600169

Research20d ago

Phillip Securities Upgrades Alphabet to Buy From Accumulate, Adjusts PT to $425 From $450

Alphabet (GOOGL) has an average rating of buy and mean price target of $430.05, 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)

$GOOG$GOOGL

Research20d ago

Morgan Stanley Initiates ITG at Overweight With $19 Price Target

$ITG

Asia20d ago

Weifu High-Technology Chairman Resigns

Weifu High-Technology (SHE:000581) Chairman Yin Zhenyuan resigned, citing work adjustments, according to a Saturday disclosure to the Shenzhen Stock Exchange.Vice Chairman Rong Bin will be acting chairman until Yin's successor is elected.

SHE:000581

Asia20d ago

Hangzhou Raycloud Technology Controller Sees Stake Dilution as Incentive Plan Vests

Hangzhou Raycloud Technology (SHA:688365) said controlling shareholder Hangzhou Guangyun Investment and its concerted parties saw their combined stake diluted to 52.97% from 53.02% after the vesting of restricted stock awards.The company issued 466,000 new shares under its 2025 incentive plan, increasing total capital to 426.3 million shares, according to a weekend filing with the Shanghai bourse.Shares of the software developer closed 6% higher Monday.

SHA:688365

Commodities20d ago

KKR, Energy Capital Partners Agree to Buy DCC Energy in $7.7 Billion Deal

US private equity firms KKR (KKR) and Energy Capital Partners have agreed to buy Irish energy distributor DCC for 5.75 billion British pounds ($7.68 billion), according to a release by KKR on Monday.Under the terms of the agreement, DCC shareholders will receive 65.25 pound per share in cash and a final dividend of 1.4722 pounds.Investors are also eligible for an additional payout of up to 1.25 pound per share, conditional on the successful sale of DCC's Nexora technology unit.

$KKR

Asia20d ago

KSL Prices Shares Under Dividend Reinvestment Plan

KSL (KLSE:KSL) fixed the issue price for new shares under its dividend reinvestment plan at 2.52 ringgit per share, according to a Monday Malaysian bourse filing.The plan applies to the company's 0.10 ringgit final dividend, with the book closure date set for Aug. 7.The issue price was based on the five-day volume-weighted average price of 2.8975 ringgit, less the dividend and a discount of about 9.92%.The new shares issued under the plan are expected to be listed on Bursa Malaysia's Main Market on Sept. 7, subject to no unforeseen circumstances.

KLSE:KSL

US Markets20d ago

Canon's First-Half Profit Rises 9.8% on Record Sales, Lifts Full-Year Guidance

Camera and printer maker Canon (TYO:7751) reported solid first-half earnings growth despite a softening global market and lingering impacts from U.S. tariffs, according to its earnings release published Monday.Net income attributable to owners rose 9.8% to 171.2 billion yen from 155.9 billion yen a year earlier, while earnings per share jumped 17% year over year to 197.36 yen from 169.06 yen.Operating profit climbed 7.6% to 230.6 billion yen from 214.3 billion yen in the prior year.Net sales rose 3.5% to a record high of 2.275 trillion yen, up from 2.199 trillion yen in the previous year. The topline was driven by continued sales growth in the compact camera and network camera segments, while recovering memory-related demand bolstered revenue in the semiconductor lithography equipment division.The company noted that geopolitical tensions in the Middle East triggered higher supply chain and logistics costs, which are expected to add 6 billion yen in expenses by the end of the year. However, this pressure was offset by the depreciation of the yen and a 37.5 billion yen refund related to additional U.S. tariffs.Looking ahead to the full year, Canon revised its earnings guidance, now expecting net income to grow 2.4% year over year to 340 billion yen, up from its previous 333 billion yuan projection.Net sales are forecast to climb 3.8% to 4.8 trillion yen, also upgraded from its previous outlook of 4.765 trillion yen.Canon's shares closed up 5% in Tokyo trading on Monday.

TYO:7751

US Markets20d ago

DCC Energy Backs GBP5.75 Billion Takeover Offer from KKR, Bridgepoint Group

DCC Energy (DCC.L) directors agreed to the terms of a 5.75 billion-pound-sterling takeover proposal from Dragon Bidco, a company co-owned by Bridgepoint Group's (BPT.L) infrastructure investment platform Energy Capital Partners Management and investment giant KKR.The offer of 67.9722 pounds per share comprises a cash consideration of 65.25 pounds, a final dividend of 1.4722 pounds, and up to 1.25 pounds of additional cash payment depending on the planned divestment of the Nexora business, according to a Monday filing.Directors of the London-listed multi-energy sales and distribution company unanimously recommended the proposal, deeming the terms fair and reasonable and in the best interest of shareholders."Whilst the DCC Energy Board remains confident in the energy strategy and associated 2030 Ambition announced in 2022, the Board believes the Consortium's offer represents a compelling opportunity for shareholders to crystallise value in cash at an attractive premium to DCC Energy's historical trading price," said DCC Energy Chair Mark Breuer. "We are confident that the Consortium will be strong stewards of DCC Energy's 50-year heritage and support the business during its next phase of growth."The parties expect to wrap up the transaction no later than July 31, 2027, subject to the approval of shareholders and relevant authorities. Shareholders of the target will meet as soon as September 2026 to consider the deal.In early morning trading, DCC Energy rose more than 1% in London, while Bridgepoint increased 3%.

$AV.L$BPT.L$DCC.L

International20d ago

Hong Kong's Trade Deficit Balloons to HK$52 Billion in June

Hong Kong's trade deficit expanded to HK$52.0 billion in June from HK$44.2 billion in May, according to data from the Census and Statistics Department on Monday.Exports rose 53.4% year over year to HK$641.1 billion, while imports climbed 45.4% to HK$693.0 billion during the month.

Hang Seng

Commodities20d ago

Norway Offshore Energy Strike Ends, Dispute Referred for Voluntary Arbitration, Trade Union Confirms

The industrial dispute between the energy companies operating on the Norwegian continental shelf and workers covered by the well service agreement and represented by trade union Safe has been referred for voluntary arbitration, Safe has confirmed.In an emailed statement shared with, the trade union said the two parties have agreed to voluntary arbitration following a request by national mediator Mats Ruland."This means that the strike and lockout have now ended, and all employees must return to work as soon as reasonably practicable," the statement said.Voluntary arbitration is a process where the parties involved in an industrial dispute agree to refer their unresolved wage or collective bargaining dispute to a neutral third party for a final, binding decision.A date for the voluntary arbitration proceedings has not been finalized yet due to the ongoing summer holidays, the statement said.Earlier this month, industry group Offshore Norway said the dispute between workers and the energy companies operating on the Norwegian continental shelf had caused a combined historical and future production loss for operators of 2.4 million barrels of oil equivalent in 2026, or about 1.6 billion Norwegian krone ($164 million).Offshore Norway represents energy exploration, production and supply companies working on the Norwegian continental shelf.While the industry has been successful in reaching agreements with other trade unions representing about 75% to 80% of the employees covered by the well service agreement, negotiations are at a stalemate with trade union Safe, Stian Danielsen, communication manager for employer policy at Offshore Norway, said in an interview withearly July.About 400 workers have been furloughed by offshore service providers on the Norwegian continental shelf following the dispute with dispute with employees covered under the well service agreement and represented by Safe, Danielsen said then.In a statement issued July 14, Offshore Norway said the two parties "have agreed to refer the labour dispute, which has lasted for one month, to a voluntary wage board. As a result, both the strike and the lockout have ended."

International20d ago

Asia Week Ahead: U.S. Interest Rate Decision, Japan's Data Deluge, Industrial Output

Several key data releases are scheduled this week, with a decision by the U.S. Federal Reserve on Wednesday regarding interest rates taking center stage.The economic release calendar will gain momentum as the week progresses.Following business and consumer confidence survey reports, industrial and production data, and import and export prices, the bulk of economic disclosures will be released Friday.Japan is set to announce an interest rate decision at the end of the week. The week ahead also features the usual end-of-month data deluge from Japan that could provide insights into its economic health and potential monetary policy direction.MONDAY, July 27The Monetary Authority of Singapore (MAS) tightened monetary policy for a second straight review, slightly raising the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band.Meanwhile, the city-state's manufacturing output rose 7.2% year over year in June, slowing from a revised 17.8% increase in May and missing the 9% forecast of Trading Economics.Elsewhere, profits of China's major industrial firms grew 15.1% year over year in June, softer than the 21.1% gain in May.TUESDAY, July 28India is expected to see a year-over-year rise of 5.3% in industrial production in June, according to economists at ING. Manufacturing production is projected to increase 5%, based on a Trading Economics forecast.South Korea will release consumer confidence data.WEDNESDAY, JULY 29Markets will be on the lookout for the U.S. Fed's interest rate decision, with Investing.com and Westpac expecting the regulator to keep the policy unchanged for the fifth straight meeting.Elsewhere, Singapore is set to release domestic supply and manufactured products price index data, as well as export and import price figures.THURSDAY, July 30South Korea will release its business confidence report, while Japan publishes its consumer confidence data.Singapore will report its unemployment statistics for June, with Investing.com projecting a 2.1% rise.FRIDAY, JULY 31Japan is expected to keep its interest rate steady at 1%, according to predictions by ING and Investing.com.Japan's Usual End-of-Month Data DelugeInflation: Tokyo inflation figures will give further insights into Japan's inflation outlook. Tokyo's annual inflation rate is estimated to rise slightly to 1.8% in July, according to market consensus forecast data quoted by ING and Westpac Economics.Retail Performance: June retail sales are expected to increase 2.8% year over year, according to a Trading economics consensus.Activity: Industrial production is estimated to increase 1.8% compared with a 2.1% decline a year prior.Unemployment: Japan's unemployment rate will likely remain unchanged in the month at 2.5%, according to a Trading Economics consensus.Elsewhere, experts at ING forecast a slowdown of China's manufacturing PMI to 50.1 in July from 50.3 the previous month. Non-manufacturing PMI is expected to decelerate to 50 from 50.2 in the previous month.ANZ Research, however, projects manufacturing PMI to fall to 49.9 amid a correction in commodity prices, which dampened business sentiment and corporate profit outlook, the Wall Street Journal reported citing Senior Rates Strategist Jennifer Kusuma.Westpac Economics sees manufacturing activity as broadly stable, alongside a focus on domestic demand for services.Other key indicators due Friday are South Korea's industrial output and retail sales data for June, as well as Singapore's business confidence report for the second quarter.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted

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International20d ago

Asia Week Ahead: U.S. Interest Rate Decision, Japan's Data Deluge, Industrial Output

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted