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Market Chatter: Japan to Revise Monetary Policy Language in Economic Blueprint Draft Amid Bond Selloff

Japan government plans to revise the language on monetary policy in its economic blueprint to emphasize the need for the Bank of Japan (TYO: 8301) to pursue stable inflation, Reuters reported Wednesday, citing a government draft.The new draft has raised concerns among the investors over the central bank's independence, fueling a selloff in government bonds and pushing the bond yields to a 30-year high on Wednesday.The revised draft, to be cleared by the cabinet by this month, emphasizes the need for the BOJ to conduct monetary policy "to achieve stable inflation" and retains language calling on the central bank to align its policy decisions with the government's economic agenda.(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.)

TYO:8301

Asia29d ago

Xi S&D Bags Construction Contract Worth Nearly KRW120 Billion

Xi S&D (KRX:317400) secured a construction contract worth 119.5 billion won from Sinchon A10 PFV for Mapo District 3-3 Mixed-Use Development project, according to a Wednesday filing with the Korea Exchange.The project involves developing apartments and neighborhood facilities in a 42-story building with seven basement levels in Mapo-gu, Seoul within 54 months.

KRX:317400

Asia29d ago

Guocheng Mining Expects H1 Profit to Jump Up to 92%

Guocheng Mining (SHE:000688) forecasted that its net profit attributable to shareholders for the first half would have jumped by between 73% and 92% year on year to a range of 900 million yuan to 1 billion yuan, according to a Shenzhen bourse filing on Wednesday.The attributable profit a year earlier was 780.8 million yuan.Earnings per share is expected to have risen to between 0.76 yuan and 0.84 yuan from 0.70 yuan a year earlier.The Chinese mining company's shares dropped 4% at the close.

SHE:000688

Oil & Energy29d ago

Trump Says MOU with Iran "over," Calls Peace Deal Efforts Waste of Time

Asia29d ago

Taiwan Steel Union Clarifies Media Report Speculating 2026 Performance

Taiwan Steel Union (TPE:6581) said a media report stating the company expects double-digit growth this year and higher future revenue was based on speculation and does not reflect company guidance, according to a Wednesday Taiwan Exchange filing.The company said it has not released any financial forecasts and advised investors to rely on its official disclosures published through Taiwan's Market Observation Post System (MOPS).

TPE:6581

Asia29d ago

Taiwan FSC OKs E. Sun Financial's Acquisition of Mercuries Life Insurance

E. Sun Financial (TPE:2884) said Taiwan's Financial Supervisory Commission (FSC) has approved its plan to acquire Mercuries Life Insurance (TPE:2867), through a share swap, according to a Tuesday Taiwan Exchange filing.The share swap will enable E.Sun Financial to acquire the remaining shares of Mercuries Life and make the insurer a unit.

TPE:2867TPE:2884

Asia29d ago

Shennong Agricultural's Hog Sales Revenue Drops 15% in June

Yunnan Shennong Agricultural Industry's (SHA:605296) sales revenue from hog sales in June fell 15% year on year to 324 million yuan, according to a Shanghai bourse filing on Wednesday.The number of sold hogs jumped 32% year on year to 280,300 heads and the average selling price per kilogram during the month was 9.06 yuan.The Chinese pig supplier's shares dropped 4% at the close.

SHA:605296

Asia29d ago

Liaoning Cheng Da Co Redeems 800-Million-Yuan One-Year Paper

Liaoning Cheng Da (SHA:600739) on Wednesday fully redeemed the principal and interest of its first tranche of 2025 short-term commercial paper, which matured on Tuesday.The company issued the 800-million-yuan paper in July 2025, with a 2.50% annual coupon and a one-year term, according to a Shanghai bourse filing on Wednesday.Shares of the export-import company closed 1% lower Wednesday.

SHA:600739

Asia29d ago

China Coal Xinji Energy Logs 13% Rise in H1 Coal Sales Revenue

China Coal Xinji Energy (SHA:601918) logged first-half coal sales revenue of 5.65 billion yuan, up 13% from 4.99 billion yuan from a year earlier, according to a Shanghai bourse filing on Wednesday.The coal producer sold 10.1 million tonnes of commercial coal, 7.3% higher than 9.4 million tonnes in the previous year. Commercial coal output rose 3.2% year on year to 10.3 million tonnes from 9.9 million tonnes.Power generation jumped 85% year on year to 12.3 billion kilowatt-hours from 6.67 billion kWh, with on-grid electricity up 85% to 11.62 billion kWh from 6.28 billion kWh.Shares of the coal miner closed 1% higher Wednesday.

SHA:601918

Asia29d ago

Jinhui Mining Expects H1 Profit to Jump Up to 66%

Jinhui Mining (SHA:603132) expects its net profit attributable to owners in the first half to jump by between 58% and 66% year on year to a range of 400 million yuan to 420 million yuan, according to a Shanghai bourse filing on Wednesday.The forecasted rise was attributed to higher silver and zinc prices, as well as higher zinc concentrate sales compared to the previous year.The attributable profit a year earlier was 253.1 million yuan, while the earnings per share were 0.26 yuan.The Chinese mining company's shares dropped 6% at the close.

SHA:603132

US Markets29d ago

Vistry Group Shares Slide After Homebuilder Warns of First-half Loss

Shares in Vistry Group (VTY.L) fell sharply in early Wednesday morning trading after the British homebuilder said it expects to report a loss before tax of 30 million pounds sterling for the first half of 2026.The projected loss compares with a pre-tax profit of 80.6 million pounds in the corresponding period a year earlier.Vistry said the expected loss reflects the impact of cash-generation measures to reduce debt levels, which included enhanced pricing discounts, accelerated asset sales, and changes in site mix and build rates. The measures resulted in an impact of 50 million pounds in the first six months of the year.The company's stock was down more than 9% in early morning trading in London.Chief Executive Adam Daniels, who took the helm three months ago and is undertaking a review of the business, said management is treating 2026 "as a transition year to reposition the business to operate with significantly and sustainably lower financial leverage and healthy profitability.""We have already begun to action some organisational changes and I look forward to sharing the full results of the review in September, including our initial thoughts on target financial metrics for 2027 and beyond," Daniels added.Despite a challenging trading and uncertain political environment, the company said it expects the cash-generation activities would result in a "materially improved" second-half cash and profit performance. It expects its 2026 adjusted profit before tax to be in line with the current market consensus of 200 million pounds.Separately, the company said Chief Financial Officer Tim Lawlor is stepping down to lead the finance function of a private company in another sector. Lawlor will stay with Vistry until October to ensure a smooth transition while the company searches for his successor.

$VTY.L

Asia29d ago

Naver Cloud, France's Mistral AI Sign Manufacturing AI Innovation Partnership

Naver's (KRX:035420) wholly-owned subsidiary Naver Cloud and French AI company Mistral AI signed a partnership to target the manufacturing AI market together, the South Korean internet company said in a Wednesday release.Under the partnership, the two firms will jointly launch their business in South Korea, offering Mistral AI's latest models and full-stack platforms via Naver Cloud Platform. Mistral AI will also deploy dedicated field engineers to domestic customer sites to provide technical support and resolve issues, the release said.Shares of Naver fell over 2% at market close.

KRX:035420

Asia29d ago

Temasek Targeting 15% AI Portfolio Exposure by 2031

Temasek has drawn up plans to grow its AI-related portfolio exposure form 6% to 15% by 2031, according to a company release on Wednesday.The Singapore state investor plans to deploy capital across five focus areas of AI value chain, energy and data centers, semiconductors, cloud services platforms, foundation models and AI applications and software infrastructure.Recent AI-related investments include Anthropic and OpenAI in the US, which has resulted in direct exposure to foundation model development.

^STI

Asia29d ago

Kuncai Material's H1 Profit Expected to Surge By Up to 305%

Fujian Kuncai Material Technology (SHA:603826) forecasted that its net profit attributable to shareholders in the first half will surge year on year by between 254% and 305% to a range of 175 million yuan to 200 million yuan, according to a Shanghai bourse filing on Wednesday.The attributable profit a year earlier was 49.4 million yuan, or 0.08 yuan per share.Operating revenue is expected to jump by between 40% and 57% year on year to a range of 800 million yuan and 900 million yuan.The pearlescent pigment manufacturer's shares jumped 10% at the close.

SHA:603826

Commodities29d ago

Update: Market Chatter: Equatorial, Iberdrola Explore Acquisition of Enel's Brazil Assets Amid Regulatory Pressure

(Updates with response from Enel in the fourth paragraph.)Brazilian utility Equatorial Energia and Spain's Iberdrola are discussing a potential acquisition of Italian utility giant Enel's Brazilian assets, according to a report by Valor Economico, citing three sources familiar with the matter.This comes amid authorities in Sao Paulo considering revoking Enel's power concessions, following a series of outages during periods of heavy rains in recent years.According to the report, both companies believe an M&A transaction remains a viable outcome, as they hold discussions with Enel's management in Italy.Enel has, however, denied these reports, with the company's media team tellingthat it remains committed to renewing its Sao Paulo concession, while reiterating its goals in Brazil, "a country that is and will continue to be strategic for Enel, one of the world's largest energy groups."Equatorial Energia and Iberdrola 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.)

Asia29d ago

Thinkon's Unit to Acquire Remaining Stake in Semiconductor Maker

Thinkon Semiconductor Jinzhou's (SHA:688233) unit, Beijing Zhongjingxin Technology, proposed to acquire the remaining stake it does not hold yet in Fujian Jinggong Semiconductor, according to a Wednesday disclosure on the Shanghai bourse.The stake of about 20% will be bought from Shenzhen Rongju Dingxin Investment Partnership (Limited Partnership).Jinggong Semiconductor manufactures semiconductors, ceramics, quartz, and metal materials.After the transaction, Zhongjingxin's holding in Jinggong Semiconductor will rise to 100% from about 80%.The semiconductor materials maker's shares dropped 4% at the close.

SHA:688233

Commodities29d ago

US NWS Maintains Warnings for Northwestern Flooding, Southwestern Heatwave

The US National Weather Service maintained warnings for excessive rain and potential flash and urban flooding in the central High Plains into the Upper Midwest for Wednesday, with risk of hail and damaging winds.The NWS also warned that extreme heat over the Desert Southwest would continue until at least Thursday.Red flag warnings were in place over critical fire risk in Central to eastern Washington, covering Omak, Colville, Winthrop, Chelan, Wenatchee, Moses Lake, Ritzville, Pullman and Spokane.Puget Sound Energy is one of the main power providers in Washington State.In southwestern Idaho, thunderstorms, excessive rainfall as well as extreme heat would be experienced on Wednesday in areas including Twin Falls, Jordan Valley and Burley.The thunderstorms are expected to be severe and capable of yielding large hail and damaging winds. The extreme heat will be experienced in the Desert Southwest.Idacorp's (IDA) Idaho Power and PacifiCorp's Rocky Mountain Power are the main service providers in the state.A heatwave expected in Utah looks strong enough to have prompted a red flag warning covering Nephi, Delta, Manti, Millford, Cedar City, Escalante, Bryce Canyon National Park, Zion National Park, St. George and Richfield.Rocky Mountain Power is the main electricity provider in the state.In Arizona, the NWS continued to warn of an extreme heat wave, with temperatures potentially reaching 115 degree-Fahrenheit (46 Celsius), with potential dangers for human health. The warning applies unti Thursday evening.Areas covered by the warning are Gila Bend, Ajo, Tucson, Globe, Casa Grande, Sells, Green Valley, Satford, Oracle and San Carlos.The state is primarily served by Pinnacle West Capital (PNW) unit Arizona Public Service, and UNS Energy subsidiaries Unisource and Tucson Electric Power. UNS is a subsidiary of Fortis (FTS).The warning stretched to across the border to California's El Centro, Desert Center and Blythe.The primary service provider there is Edison International's (EIX) Southern California Edison.

$EIX$FTS$IDA$PNW

Insider Trading29d ago

Korro Bio Insider Sold Shares Worth $1,542,970, According to a Recent SEC Filing

Jean Francois Formela, Director, on July 02, 2026, sold 110,023 shares in Korro Bio (KRRO) for $1,542,970. Following the Form 4 filing with the SEC, Formela has control over a total of 852,861 common shares of the company, with 852,861 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1703647/000103057526000006/xslF345X05/form4-07072026_100726.xml

$KRRO

Equities29d ago

Dolphin Drilling Extends Semisubmersible Rig Contract with Oil India Ltd.

Dolphin Drilling (DDRIL.OL) extended the contract for its Blackford Dolphin deep-water semisubmersible rig with crude oil and natural gas exploration and development company Oil India Ltd. until Aug. 28.The extension allows the offshore drilling contractor to finalize drilling, testing, and abandonment works at certain locations East of India, according to a Wednesday release.

$DDRIL.OL

Asia29d ago

Southchip Semiconductor to Issue 1.59 Billion Yuan Convertible Bonds

Southchip Semiconductor Technology (SHA:688484) plans to issue convertible bonds worth 1.59 billion yuan, according to a Wednesday filing on the Shanghai bourse.The convertible bonds, which will be listed on Friday, July 10, will have a term of six years, maturing June 17, 2032.CITIC Construction Investment Securities will be the lead underwriter of the issuance.The chipmaker's shares at the close jumped 3%.

SHA:688484

Showing 17381-17400 of 68659

Commodities29d ago

US NWS Maintains Warnings for Northwestern Flooding, Southwestern Heatwave

$EIX$FTS$IDA$PNW