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Simcere Pharma's Acute Ischemic Stroke Included in National Essential Medicines List

Simcere Pharmaceutical's (HKG:2096) SANBEXIN has been included in the 2026 edition of the National Essential Medicines List.The drug is used for the treatment of acute ischemic stroke, according to a Thursday Hong Kone bourse filing.The company believes the inclusion is beneficial for the product to break through the limitations of class grade III type A (3A) hospitals, accelerate market penetration, and expand terminal prescription scenarios.

HKG:2096

Mining & Metals29d ago

Anfield Energy Leases Two Claims to Expand Colorado Projects

Anfield Energy (AEC.V) has expanded its property holdings for the JD-5 and Slick Rock projects in Colorado after leasing two additional patented mining claims in the area, the uranium and vanadium development company said Thursday.Anfield said its subsidiary Highbury Resources entered into a mining lease agreement with Gold Eagle Mining for the Slick Rock and Paradox D claims.Both claims will be incorporated into the company's upcoming mine design and mine permitting activities for its two key projects, the company said.As consideration for the lease, Highbury agreed to pay all annual property taxes assessed against the Slick Rock claim and maintain comprehensive general liability insurance.For the Paradox D claim, Highbury secured non-exclusive rights to use the surface for parking, staging, temporary storage, and other ancillary mining support activities, Anfield said.Anfield said the lease did not include any royalties, rents, or other production-based payments.

$AEC.V

Oil & Energy29d ago

Global Economic Chiefs Warn of Lingering Energy Risks

Top global energy and economic forums warned Wednesday of high uncertainty and transit strains looming over energy markets, despite recent drops in fuel prices.The heads of the International Energy Agency, International Monetary Fund, World Bank Group, and World Trade Organization convened on July 7 to assess the impact of war in the Middle East, according to the statement.It further stated that while global economy has shown broad resilience to the conflict's shocks, the macroeconomic and supply impacts remain highly uneven across different regions.The joint statement put a heavy emphasis on the necessity of freedom of navigation, explicitly calling for the definitive reopening and safeguarding of the Strait of Hormuz."However, uncertainty remains high, and the impacts of the war could linger," it added.Meanwhile, US President Donald Trump recently said that as far as he is concerned, the interim MOU with Iran is "over," dismissing the fragile ceasefire accord as "a waste of time."The two nations have since engaged in direct military exchanges while reportedly blaming each other for violating the terms of ceasefire in the crucial Strait of Hormuz.

Asia29d ago

CN Logistics Unit Renews Lease for Shanghai Premises

CN Logistics International Holdings (HKG:2130) unit Siyan Baopin Supply Chain Management (Shanghai) renewed the lease for certain warehouse premises from Cargo Services (China).The lease for three Shanghai premises being used as warehouses is effective from Aug. 1 to Dec. 31, and will be automatically renewed on expiry for one more year unless terminated.The company was previously leasing the premises under a contract ended Dec. 31, 2025.Following expiry, it was temporarily leased on a month-to-month basis till July 31, 2026, while the parties negotiated renewal terms.

HKG:2130

Sectors29d ago

Sector Update: Healthcare

Healthcare stocks were mixed pre-bell Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.4% lower and the iShares Biotechnology ETF (IBB) up 0.3%.Greenwich LifeSciences (GLSI) shares were up more than 5% after the company said the European Medicines Agency cleared the use of commercially manufactured GP2 in a phase 3 trial evaluating GLSI-100 to prevent breast cancer recurrence in Europe.

$GLSI

Asia Markets29d ago

Update: US Equity Futures Edge Higher Pre-Bell Amid Re-Escalation of Middle East Hostilities

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as traders observed the recent rise in hostilities between the US and Iran, which threatened to derail peace talks between the two nations.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.9% higher.In a post on X, US Central Command said it completed a second round of strikes, hitting 90 more Iranian military targets. The US military had struck 80 Iranian targets the day before in response to Iran's attacks on three commercial ships transiting the Strait of Hormuz.President Donald Trump told reporters that Iran had reached out and "badly" wanted to make a deal to halt the escalating hostilities in the Middle East. Trump said he does not know if the two nations are returning to an all-out conflict, but added that the US would win "very quickly" if the war resumed.Traders also digested the latest round of earnings, with PepsiCo (PEP) posting higher fiscal Q2 core earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.9% at $78.71 per barrel and US West Texas Intermediate crude 0.8% higher at $74.09 per barrel.Initial jobless claims dropped to 215,000 in the week ended July 4 from 217,000 in the previous week, compared with expectations for no change in a survey compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.0% for June after a gain of 3.2% in the prior month.New York Federal Reserve President John Williams and Dallas Fed President Lorie Logan are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 1.7% higher. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Costco Wholesale (COST) shares fell 1.7% after the company posted June net sales of $29.2 billion, up almost 11% from $26.4 billion a year earlier, and maintained its quarterly dividend at $1.47 a share.PepsiCo stock was down 2.5% after the company reported its fiscal Q2 financial results.Ionis Pharmaceuticals (IONS) and partner AstraZeneca (AZN) shares fell 19% and 7.8%, respectively, after they said a phase 3 trial for eplontersen in patients with transthyretin-mediated amyloid cardiomyopathy failed to meet the primary efficacy endpoint.On the winning side, Micron Technology (MU), AMD (AMD), and Intel (INTC) stocks rose as part of a broader rally in the semiconductor sector. Micron shares climbed 6.4%, AMD stock was up 4%, and Intel shares were 5.3% higher.Applied Materials (AMAT) shares rose 7.1% after a Nikkei Asia report citing CEO Gary Dickerson as saying that the company is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027.

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$AZN$COST$INTC$IONS$MU$PEP

Sectors29d ago

Sector Update: Consumer

Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%.PepsiCo (PEP) stock was down nearly 3% even after the company posted higher fiscal Q2 core earnings and net revenue.

$PEP

Commodities29d ago

TotalEnergies Divests Distributed Solar Assets in Europe

Oil supermajor TotalEnergies (TTE) has completed the divestment of its distributed solar assets in Europe, totaling 170 megawatts in capacity, as it refocuses its renewables business on utility-scale solar and wind farms, it said on Thursday."Distributed generation involves the development of projects generally below 3 MW, for which TotalEnergies' business model is less suited than for large utility-scale power plants that offer economies of scale," the company said.Amarenco and AMPYR Distributed Energy will continue to operate the divested solar assets, which are mainly rooftop installations, in France, Belgium, the Netherlands, Spain, Portugal, the UK, and Luxembourg, according to the statement.TotalEnergies said the divestment will not impact its pace of renewables capacity deployment. It has installed 8 gigawatts of gross renewable capacity in the last 12 months and aims to maintain that pace through 2030.This is expected to support its target of reaching 75 GW gross capacity by 2030, more than double the March level of 35 GW.

$TTE

Asia29d ago

Power Grid Corp. of India Wins Transmission Project

Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) has been declared the successful bidder for an inter-state transmission project involving augmentation at Bhadla-III, Ramgarh PS and Kanpur.The project will be developed on a build, own, operate and transfer (BOOT) basis, according to a stock exchange filing on Thursday.

BOM:532898NSE:POWERGRID

Sectors29d ago

Sector Update: Tech

Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.9% higher.Applied Materials (AMAT) is seeing stronger long-term visibility into semiconductor equipment demand as major chipmakers share production plans extending well beyond 2027, Nikkei Asia reported, citing CEO Gary Dickerson. Shares of Applied Materials were up more than 8% premarket.

$AMAT

Asia29d ago

Tata Consultancy Services Posts Higher Fiscal Q1 Consolidated Profit; Declares Interim Dividend

Tata Consultancy Services (NSE:TCS) attributable consolidated profit increased to 133.5 billion Indian rupees in the fiscal first quarter ended June 20, from 127.6 billion rupees a year ago.Earnings per share climbed to 36.90 rupees from 35.27 rupees a year earlier, according to a Thursday filing to the Indian bourses by the technology giant.Revenue from operations in fiscal Q1 also rose year on year to 722.8 billion rupees from 634.4 billion rupees.The company's board declared an interim dividend of 12 rupees per share, payable July 21 to shareholders of record on July 15.

BOM:532540NSE:TCS

Asia Markets29d ago

Tadawul Shares End Week Lower as Saudi Industrial Production Falls in May

The Tadawul All Share Index closed out the week 0.42% lower as the decline in Saudi Arabia's industrial production activity weighed on investor sentiment on Thursday.Official preliminary data from Saudi Arabia's General Authority for Statistics showed that the industrial production index dropped 18.7% year over year in May. Month over month, industrial production rose 3.2%."The index of oil activities in May 2026 decreased by 26.3% compared to the same month of the previous year, The index of non-oil activities decreased by 0.6%. Based on the month-on-month trend, the index for oil activities increased by 4.3%, and the index of non-oil activities increased by 1.3," the statistics agency said in its report.Meanwhile, the kingdom's business confidence index in June came in at 56.6 points, up from 55.6 in May. Data also showed that the separate industry, construction, and services confidence indices all increased during the period.Also dampening sentiment is the re-escalation of the US-Iran conflict. The US launched attacks on Iran, while the Middle Eastern country sent out strikes on Bahrain and Kuwait in retaliation.Back at home and on the corporate front, Al Mohafaza Co. for Education (SASE:9598) shares closed 1.13% lower as it entered into a four-year agreement to execute educational and training programs with Sulaiman Bin Abdulaziz Al Rajhi Education and Development Co.

^TASISASE:9598

Mining & Metals29d ago

Zacatecas Silver Completes Phase Two Sampling at Oso Negro, Sonora

Zacatecas Silver (ZAC.V) completed second phase of rock chip grab sampling and vein mapping at the Oso Negro project, in Sonora, Mexico, it said Thursday.The samples from the program have been dispatched for gold, silver and base metal analysis, said the company.Additional vein extensions at both the Prospecto and Tere vein low sulphidation epithermal systems were identified through geological mapping during phase two exploration, it said.The phase two program confirmed the presence of extensive sulphidic quartz veins, added Zacatecas Silver.

$ZAC.V

Asia29d ago

China Jinmao Logs 15.8 Billion Yuan in June Contracted Sales

China Jinmao (HKG:0817) recorded contracted sales of 15.8 billion yuan in June, with a gross floor area (GFA) of 597,914 square meters.In the first half of 2026, contracted sales and GFA reached roughly 57.5 billion yuan and 2.3 million square meters, respectively, according to a Thursday Hong Kong bourse filing.As of June 30, subscribed property sales stood at 791 million yuan.

HKG:0817

Mining & Metals29d ago

Silver Mountain Resources Expects First Production at Reliquias Mine in Peru to Start in Q3

Silver Mountain Resource (AGMR.TO) expects first production at the past-producing Reliquias mine to start in the third quarter, inline with previous forecast.Rehabilitation of the concentrator plant at the Reliquias mine in Peru is 95% complete. Industrial testing of all equipment in the plant circuit began early this month, using low-grade ore. The main processing circuits have also been completed and tested, the company said.An updated mineral resources estimate and an updated preliminary economic analysis at Reliquias are also expected in the fourth quarter of this year.

$AGMR.TO

Asia29d ago

Zijin Mining Forecasts 68% Boost in H1 Profit

Zijin Mining Group (SHA:601899, HKG:2899) expects attributable profit of 39.1 billion yuan for the first half of 2026, up 68% from a year prior.The miner attributed the forecast mainly to advancement in all its main businesses, as well as a significant rise in the sales prices and profits of certain products, according to a Thursday Hong Kong bourse filing.

HKG:2899SHA:601899

Research29d ago

JPMorgan Initiates CECO Environmental at Overweight With $130 Price Target

CECO Environmental (CECO) has an average rating of buy and mean price target of $111.83, 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)

$CECO

Research29d ago

BMO Capital Initiates Intuitive Surgical at Outperform With $518 Price Target

Intuitive Surgical (ISRG) has an average rating of overweight and mean price target of $569.68, 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)

$ISRG

Research29d ago

BMO Capital Initiates Coverage on Zimmer Biomet With Market Perform Rating, $95 Price Target

Zimmer Biomet (ZBH) has an average rating of hold and mean price target of $95.50, according to analysts polled by FactSet.

$ZBH

Sectors29d ago

Oil Prices Rise on Renewed Fighting Between the US and Iran

Oil rose for a third day early Thursday as renewed fighting between the U.S. and Iran threatens to keep the Strait of Hormuz closed, again shutting in tankers bringing Persian Gulf supply to the market.West Texas Intermediate crude oil for August delivery was last seen up $0.41, or 0.6%, to $73.93 per barrel, while September Brent oil was up $0.55, or 0.7%, to $78.57.The rise comes as the US war on Iran again heated up, with the U.S. President Trump on Wednesday declaring a ceasefire agreement reached last month was over. The U.S. hit 90 targets in Iran, according to the Wall Street Journal, while Iran retaliating by striking at US military bases in Kuwait and elsewhere. The US also reapplied sanctions on Iranian oil exports lifted last month.The revived hostilities are threatening to again close the Strait of Hormuz, the choke point for 20% of daily oil demand supplied by Persian Gulf nations prior to the Feb. 28 start to the war. Still, ships are continuing to move through the Strait, with hormuzstraitmonitor.com reporting 34 ships moved through the waterway over the past day."Brent trades near USD 79 after jumping on renewed US strikes on Iran, raising fresh concerns about energy supplies from the Middle East. Traffic through the Strait of Hormuz slowed to a crawl, with most movements occurring along an Iran-approved route closer to the waterway's northern side, while the US-backed Omani corridor where recent Iranian attacks occurred remained quiet," Saxo Bank wrote.

$CLQ6$LCOU6$USO

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Asia Markets29d ago

Update: US Equity Futures Edge Higher Pre-Bell Amid Re-Escalation of Middle East Hostilities

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$AZN$COST$INTC$IONS$MU$PEP