Financial News · Live Terminal

Page 751 of 3584

Alfen, CATL Partner to Deploy 5 GWh Sodium-Ion Battery Storage in Europe

Dutch energy solutions provider Alfen has partnered with Chinese battery manufacturer Contemporary Amperex Technology Co., Limited to deploy 5 gigawatt-hours of the latter's advanced sodium-ion battery energy storage systems across Europe, according to a statement issued Thursday.The move will help Alfen diversify its battery materials portfolio, reduce energy storage products costs, protect itself from lithium price volatility, and improve its competitiveness in medium- and large-scale European energy storage projects, the statement said.CATL will also gain insights into the performance of its sodium batteries when used in European power grids, enabling it to improve products to meet European grid requirements, and accelerate scaling of its sodium-ion energy storage systems."This initiative establishes forward-looking cooperation on next-generation, low-cost energy storage solutions, and the opening of new business opportunities beyond traditional lithium-ion battery storage supply," the statement said.The two companies have previously collaborated on lithium-ion energy storage projects after they entered into a long-term battery supply partnership in 2023.

Asia26d ago

Hong Kong Stocks Retreat in Global Tech Sell-Off; Jiangxi Copper Slips

Hong Kong stocks closed sharply lower Friday as a global sell-off in technology shares gathered pace.The Hang Seng Index fell 1.8%, or 446.36 points, to close at 24,562.24, while the Hang Seng China Enterprises Index lost 2.2%, or 181.41 points, to finish at 8,136.73.Technology stocks led the decline as investors unwound positions in AI-related names, with a broad semiconductor sell-off sweeping across Asian markets despite strong earnings from industry leaders earlier this week.Meanwhile, oil prices remained elevated after Iran launched fresh attacks on U.S. facilities in the Gulf following another round of U.S. strikes on Iranian military sites.Investors also kept an eye on renewed trade tensions after the United States imposed a 25% tariff on some imports from Brazil.In corporate news, Jiangxi Copper (HKG:0358, SHA:600362) closed over 5% lower after its board approved the proposed spin-off and Hong Kong listing of its controlled subsidiary, Jiangxi JCC Copper Foil Technology.

Hang SengHKG:0358SHA:600362

Asia26d ago

Daiwa Office Investment Secures 3 Billion Yen Credit Line with Daiwa Next Bank

Daiwa Office Investment (TYO:8976) said it signed a commitment line agreement with Daiwa Next Bank, securing 3 billion yen for future funding needs while strengthening its financial base, according to a Friday release.The Tokyo-listed company said the unsecured and unguaranteed commitment line will be available from July 31, 2026, through July 30, 2027, replacing an existing 3 billion yen commitment line expiring on July 31.The proceeds will be used for acquisitions of new property and existing debt repayments.

TYO:8976

Asia26d ago

JPP to Cut Prices of Convertible Bonds

JPP (TPE:5284) will reduce the conversion price of its fourth unsecured convertible bonds to NT$346.3 from NT$348.5, following its capital increase and issuance of new shares.The revised conversion price will take effect on Aug. 13, when payment for the new shares is scheduled to be completed, according to a Friday Taiwan Exchange filing.

TPE:5284

Asia26d ago

Advance Residence Investment 3 Billion Yen Debt Refinancing to Repay Maturing Loans

Advance Residence Investment (TYO:3269) will undertake two equal debt financings totalling 3 billion yen on July 29 and July 31, to fully repay existing loans from the same lenders that mature on those dates.A total of 1.5 billion yen, provided by The Yamaguchi Bank, and The Bank of Fukuoka, have maturities ranging from 4.5 to 10 years and variable interest rates based on TIBOR.The remainder of 1.5 billion yen will be disbursed by Mizuho Bank, and SBI Shinsei Bank, with maturities ranging from 7.2 to 9 years.The refinancing will not change the REITS' total interest-bearing debt, which remains at 252.4 billion yen, nor its mix of short-term and long-term loans.

TYO:3269

Oil & Energy26d ago

Dana Gas Confirms Suspension of Khor Mor Gas Field Operations Amid Security Threats

Dana Gas (PJSC) confirmed the suspension of its main production facilities at the Khor Mor gas field in the Kurdistan Region of Iraq.In a formal market disclosure issued Thursday, the company cited "credible security threats" and the escalation of regional hostilities as the primary reasons for the shutdown, noting "Khor Mor main production facilities are being shut down."The suspension had an immediate impact on the region's energy supply, with the Kurdistan Region's Ministry of Electricity reportedly confirming a reduction in power generation capacity by 2,500 megawatts.Khor Mor serves as the primary source of natural gas for power stations in the region, making it a critical asset for electricity production.Dana Gas stated that it is actively monitoring the security situation in close coordination with local authorities in Sulaymaniyah, the Kurdistan Regional Government, and the Iraqi federal government.

Equities26d ago

Paratus Secures Regulatory Nod to Sell Drilling Operations, Jack-up Fleet in Mexico

Paratus Energy Services (PLSV.OL) said Friday it received approval from the Mexican Competition Authority to complete the sale of the drilling operations and jack-up fleet of its Fontis unit.The energy services-focused investment holding company agreed to the divestment in March and expects the transaction to close in the third quarter.

$PLSV.OL

Commodities26d ago

IDF, Oaktree Finance $1.7 Billion Fuel Cell Project for AI Data Centers

Industrial Development Funding and Oaktree Capital Management confirmed a $1.7 billion project investment to deploy Bloom Energy's (BE) solid-oxide fuel cell technology to power Nebius's AI cloud infrastructure.Nebius selected the fuel cell solution specifically for its ability to deliver clean, consistent energy with the speed required to meet the demanding uptime and power requirements of modern AI workloads, IDF stated on Thursday.IDF is serving as the lead developer for the project, with Oaktree providing minority equity participation, it stated.Financial structuring for the deal included senior debt financing from MUFG Bank and tax equity financing led by Morgan Stanley, the company added.By utilizing fuel cells, the project offers a cleaner and faster alternative to traditional utility-scale power connections, addressing a critical bottleneck for the data center industry as it struggles to meet the unprecedented electricity demand driven by the global AI boom.

$BE

International26d ago

Eurozone Current Account Surplus Rises in May

The euro area's seasonally adjusted current account surplus increased to 25 billion euros in May from the revised 17 billion euros in the previous month, European Central Bank data showed Friday.The consensus estimate for the month stood at 18.1 billion euros.In the 12 months to May, the bloc's current account surplus totaled 272 billion euros, against 318 billion euros a year earlier.

^SXXP

Asia26d ago

Trina Solar's H1 Loss to Narrow

Trina Solar (SHA:688599) expects its net loss attributable to owners in the first half to narrow year on year to between 180 million yuan and 360 million yuan, according to a Shanghai bourse filing on Friday.The attributable loss a year earlier was 2.92 billion yuan, or 1.34 yuan per share.The Chinese photovoltaics company's shares rose 1% at the close.

SHA:688599

Insider Trading26d ago

Electronic Arts Insider Sold Shares Worth $1,035,037, According to a Recent SEC Filing

Andrew Wilson, Director, Chairman & Chief Executive Officer, on July 15, 2026, sold 5,000 shares in Electronic Arts (EA) for $1,035,037. Following the Form 4 filing with the SEC, Wilson has control over a total of 158,064 common shares of the company, with 158,064 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/712515/000071251526000122/xslF345X05/form4.xml

$EA

Asia26d ago

Tamilnad Mercantile Bank Secures Partial Relief in FEMA Penalty Case

Tamilnad Mercantile Bank (NSE:TMB, BOM:543596) said the Appellate Tribunal under SAFEMA, New Delhi has reduced the penalty imposed on the bank in a Foreign Exchange Management Act (FEMA) contravention case to 34 million Indian rupees from 170 million rupees.A penalty was handed down by the Directorate of Enforcement in 2020 concerning alleged irregularities in recording share transfers. The bank and its former directors and company secretaries had challenged the order before the tribunal.Tamilnad Mercantile Bank said it had already deposited the original penalty amount of 170 million rupees while filing the appeal. The bank is now eligible for a refund of 136 million rupees and is reviewing the tribunal's order before taking further action.

BOM:543596NSE:TMB

Asia26d ago

Hongta Securities Redeems 500 Million Yuan in Short-Term Bonds

Hongta Securities (SHA:601236) fully redeemed 500 million yuan in short-term bonds for 507.2 million yuan on Thursday, July 16, according to a Shanghai bourse filing on Friday.The payment included the principal and interest.The bonds were issued in September 2025 and had a coupon rate of 1.76% and a term of 300 days.

SHA:601236

Asia26d ago

Olympus Appoints Chief Quality Officer

Olympus (TYO:7733) appointed Brian Barry as its new chief quality officer and executive officer, effective Aug. 1, according to a Friday filing with the Tokyo bourse.Barry will succeed Boris Shkolnik and lead the next phase of the company's transformation. Barry has four decades of leadership experience in quality, regulatory affairs, medical safety, and clinical affairs, with expertise in strategic planning, organizational development, regulatory compliance, lean transformation, and regulatory agency engagement.Shares of the optics and reprography products manufacturer rose over 1% at market close.

TYO:7733

Asia26d ago

Jefferies Adjusts 360 One Wam's Price Target to INR1,340 From INR1,300, Keeps at Buy

360 One Wam (NSE:360ONE, BOM:542772) has an average rating of buy and mean price target of 1,332.91 Indian rupees, 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)

BOM:542772NSE:360ONE

Commodities26d ago

European Commission Approves Czech Power Generation Capacity Mechanism

The European Commission has approved a market-wide capacity mechanism in the Czech Republic, it said in a statement on Thursday, that will ensure there is enough generation or storage capacity available to keep up with growing demand.The commission said it was the first such example of a capacity mechanism gaining approval under the Clean Industrial Deal State Aid Framework which it established one year ago.The mechanism will be in place for 10 years from this month, with contracts offered for up to 15 years. It works by compensating those that make capacity available during periods when additional generation capacity is limited.This includes existing as well as new generation assets as well as storage and cross-border capacity, the statement said. There is a provision for rewarding demand-side response, where consumers are instead paid for reducing consumption.Eligible generation capacity must comply with EU carbon emission intensity limits, the statement noted. Awards for provision of capacity will be allocated through a competitive process.The cost of the mechanism will be paid for by consumer charges and the total budget is estimated at between 3.1 billion euros ($3.5 billion) and 6.2 billion euros.

Asia26d ago

Jefferies Adjusts Piramal Finance's Price Target to INR2,300 From INR1,940, Keeps at Hold

Piramal Finance (NSE:PIRAMALFIN, BOM:544597) has an average rating of buy and mean price target of 2,288.89 Indian rupees, 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)

BOM:544597NSE:PIRAMALFIN

US Markets26d ago

Danske Bank Lifts 2026 Profit Outlook After Higher Customer Activity Boosts First-half Results

Danske Bank (DANSKE.CO) raised its full-year 2026 net profit guidance after reporting higher first-half results driven by strong customer activity, increased lending volumes and broad-based income growth.The bank on Friday upgraded its 2026 net profit outlook to between 23 billion Danish kroner and 25 billion kroner from a previous guidance range of 22 billion kroner to 24 billion kroner.For the six months ended June 30, the bank's net profit increased to 11.89 billion kroner from 11.21 billion kroner a year earlier. EPS climbed to 14.6 kroner from 13.5 kroner.Total income rose to 29.13 billion kroner from 27.92 billion kroner, supported primarily by growth in net interest income and net fee income for the period. Lending volumes increased 4% from the end of 2025, driven by stronger activity in Sweden and Norway.Chief Executive Carsten Egeriis said, "At the midpoint of our Forward '28 strategy period, we are seeing clear momentum across our business. Good customer activity, growing volumes and broad-based income growth contributed to a strong first half of the year.""While the economic outlook could be impacted by the unpredictable geopolitical situation and the impact of higher energy prices is uncertain, we continue to expect the Nordic economies to develop [favorably], the company said in the earnings statement.The shares were down 1% in early morning trading in Copenhagen.

$DANSKE.CO

Insider Trading26d ago

Butterfly Network Insider Sold Shares Worth $29,368,632, According to a Recent SEC Filing

Jonathan M Rothberg, 10% Owner and Director, on July 14, 2026, sold 4,013,452 shares in Butterfly Network (BFLY) for $29,368,632. Following the Form 4 filing with the SEC, Rothberg has control over a total of 26,045,880 shares of the company, with 105,881 Class A common shares held directly and 726,696 Class A common shares and 25,213,303 Class B common shares, which are both controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1804176/000110465926084347/xslF345X05/tm2620723-1_4seq1.xml

$BFLY

Asia26d ago

Jefferies Adjusts Tech Mahindra's Price Target to INR1,260 From INR1,225, Keeps at Underperform

Tech Mahindra (NSE:TECHM, BOM:532755) has an average rating of overweight and mean price target of 1,545.41 Indian rupees, 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)

BOM:532755NSE:TECHM

Showing 15001-15020 of 71667