Financial News · Live Terminal

Page 873 of 3428

German Monthly Factory Orders Rise 1.9% in May

Germany's monthly factory orders gained 1.9% in May, following the revised 3.2% drop in April, according to preliminary data from the country's Federal Statistical Office published Monday.Analysts expected a 1.1% increase for the month.On a yearly basis, new orders in manufacturing were up 6.2%, against the revised 2.1% growth earlier.

^SXXP

Asia31d ago

Jiangsu Etern Forecasts Up to 120% Jump in H1 Profit; Shares Fall 8%

Jiangsu Etern (SHA:600105) forecasts first-half attributable net profit of between 500 million yuan and 700 million yuan, compared with 318.5 million yuan the previous year.The between 57% and 120% year-over-year increase is driven by the optical communications segment, which benefited from the digital economy acceleration and booming artificial intelligence computing demand, according to a Monday filing with the Shanghai bourse.Shares of the telecommunication cable and wire manufacturer fell 8% in recent trade.

SHA:600105

Asia31d ago

Fitch Affirms Hong Leong Bank's Ratings with Stable Outlook

Fitch Ratings on Friday affirmed Hong Leong Bank's (KLSE:HLBANK) Long-Term Issuer Default Rating at BBB+ with a stable outlook and Short-Term IDR at F2.The rating agency cited the Malaysian lender's conservative underwriting standards, strong asset quality, and stable deposit-funded franchise.Fitch said the bank continues to benefit from resilient earnings, adequate capitalisation and one of the strongest loan quality profiles among Malaysian banks, supported by its focus on secured retail lending. It also noted improving digital capabilities and affirmed the bank's Viability Rating at bbb+ and Government Support Rating at bbb-.Fitch said downside risks include a sustained deterioration in loan quality or profitability, while an upgrade is unlikely unless Malaysia's sovereign rating is raised, given Hong Leong Bank's predominantly domestic operations.

KLSE:HLBANK

Asia31d ago

Nickel Industries Has Ability to Strike Net Present Value-Accretive Deals, Indonesian Policy Warrants Caution, Jefferies Says

Nickel Industries (ASX:NIC) can strike net present value-accretive deals, but caution is warranted because of "Indonesia's capricious policy regime," Jefferies said in a note on Monday.The model for Nickel Industries was updated to account for the $169 million acquisition of a 17.5% stake in the TMI HPAL and the share-for-share acquisition of a 36% interest in the CNE HPAL in exchange for an 18% stake in the Sampala mine.Ore supply agreements are believed to materially improve the likelihood of Sampala's securing an RKAB sufficient to support TMI and CNE's combined demand.The investment firm has a hold rating on Nivckel Industries with a price target of AU$1.05 per share.

ASX:NIC

Asia31d ago

Market Chatter: Tokyo Artisan Intelligence, Oppstar to Advance Former's In-house AI Chip Plans

Japanese startup Tokyo Artisan Intelligence is advancing plans to commercialize its in-house edge AI chips, targeting mass production by the end of 2027 with design support from Malaysia's Oppstar (KLSE:OPPSTAR), Nikkei Asia reported Monday, citing an interview with the Japanese startup's Chief Executive Hiroki Nakahara.The company has completed testing of its Sting Ray prototype and expects to produce sample chips in the first half of next year using a 40-nanometer manufacturing process from Taiwan's United Microelectronics (TPE:2303), he said.Nakahara said the firm is focusing on edge AI applications, seeking growth outside the data center chip segment led by larger industry players, the Nikkei said.Tokyo Artisan Intelligence and Oppstar did not immediately respond to' request for comment.(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.)

KLSE:OPPSTARTPE:2303

Asia31d ago

CG Power JV Starts Commercial Production at Gujarat Semiconductor Facility; Shares Up 4%

CG Power and Industrial Solutions' (NSE:CGPOWER, BOM:500093) joint venture, CG Semi, has started commercial production at its G1 outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat.Inaugurated in August 2025, the G1 facility has a maximum production capacity of up to 300 million units annually, according to an Indian bourse filing on Saturday. The plant completed equipment installation, process stabilization, customer qualification and other readiness activities before commencing commercial operations.CG Semi, a joint venture between CG Power, Renesas Electronics and Stars Microelectronics, is investing more than 76 billion rupees over five years to set up two OSAT facilities. While G1 is now operational, G2, remains under development and is expected to further expand production capacity.Shares of CG Power rose nearly 4% in Monday's trade.

BOM:500093NSE:CGPOWER

International31d ago

Australian Card Activity Growth Softens Reflecting Lower Fuel Prices, Weakness in Non-Fuel Spending, Westpac Says

Australian card activity growth softened, reflecting a mixture of lower fuel prices and continued weakness in non-fuel spending, according to a Monday report by Westpac.The Westpac-DataX Card Tracker Index moved sideways through late May and most of June, declining sharply to 152.8 in the week that ended June 27, 2.3 points lower than a month ago.Quarterly growth momentum further slowed to 0.2% in the most recent week, down from the 0.5% a month ago. The implication is that some of the more recent softening in quarterly growth is due to a price-driven slowing in fuel spend.However, the monthly and weekly data suggest there has been a slight improvement in momentum since the start of June, likely reflecting some easing in budget pressures as fuel prices fell. The slight improvement in recent weeks centered on discretionary segments.The latest data suggest the June quarter is headed for a 0.2% quarter-over-quarter rise in nominal consumer-related card activity, pointing to a likely decline in real, inflation-adjusted terms.

ASX 200

Asia31d ago

Granules India Gets Sole First-to-File Status for Sodium Oxybate Extended-Release for Oral Suspension

Granules India (NSE:GRANULES, BOM:532482) has received sole first-to-file (FTF) status for its abbreviated new drug application (ANDA) for Sodium Oxybate Extended-Release for oral suspension, according to a Monday filing to the Indian stock exchanges.The drug is a generic equivalent of Alkermes' LUMRYZ, an extended-release oral suspension, which is used to treat cataplexy or excessive daytime sleepiness in patients with narcolepsy.This is Granules' second sole FTF ANDA after Amphetamine Extended-Release Tablets, the generic equivalent of Dyanavel.The company's shares were up over 2% in recent trade.

BOM:532482NSE:GRANULES

Asia31d ago

New Zealand Shares Hit All-Time High; Bremworth Says Largest Shareholder to Vote Against Floorscape Deal

New Zealand shares rose to an all-time high on Monday, while Asian shares remained mixed, starting the week with slight caution as the world awaits a peace deal between the US and Iran.The S&P/NZX 50 Index rose 1.07% or 144.68 points to close at 13,763.10.OPEC+ will raise output quotas by 188,000 barrels per day from August, adding further supply to global markets already under pressure from falling oil prices as the Strait of Hormuz gradually reopens to oil exports, Reuters reported on Sunday.In domestic news, New Zealand's total new lending increased to NZ$16.19 billion in May from NZ$14.17 billion in April, according to data from the Reserve Bank of New Zealand.Also, household savings in New Zealand rose by NZ$2 billion in the March quarter, with a related increase in the value of New Zealanders' financial assets to 3.3% over the past year, offsetting softness in the value of housing and land assets, Westpac said in a report.In corporate news, Bremworth (NZE:BRW) said shareholder David Ferrier and associated investors, who collectively hold a 19.413% stake in the company, have indicated that they intend to vote against the proposed scheme of arrangement with Floorscape.Infratil (NZE:IFT, ASX:IFT) said the independent valuation of its roughly 49.7% stake in CDC Data Centres has increased to AU$9.21 billion from AU$7.45 billion as of March 31.

^NZ50ASX:IFTNZE:BRWNZE:IFT

Asia31d ago

Matrix Composites Shareholders Approve Acquisition by Advanced Innergy Holdings

Matrix Composites & Engineering (ASX:MCE) said the requisite majorities of its shareholders voted in favor of the proposed acquisition of its issued share capital by Advanced Innergy Solutions Australia, a wholly owned subsidiary of Advanced Innergy Holdings (ASX:AIH), via a scheme of arrangement, according to a Monday Australian bourse filing.Around 99.8% of the total number of votes cast by the shareholders were in favor of the scheme resolution.Matrix will now seek approval of the scheme by the Federal Court of Australia (Western Australia registry) at the second court hearing on July 13.

ASX:AIHASX:MCE

Asia31d ago

Guobo Electronics' Q1 Profit Slumps 99%, Revenue Falls 9%; Shares Down 6%

Guobo Electronics' (SHA:688375) net profit attributable to shareholders in the first quarter slumped 99% year on year to 856,300 yuan, according to a Shanghai bourse filing on Saturday.The radio frequency components maker's shares during the afternoon trade dropped 6% during Monday's afternoon trade.The decline was attributable to the cyclical adjustment in the military electronics industry, as well as changes in the sales product mix and aging structure of accounts receivable.Operating revenue in the same quarter fell 8.9% year on year to 318.9 million yuan.

SHA:688375

International31d ago

New Zealand's Central Bank Should Hold Rate Steady at Upcoming Meeting, NZIER Shadow Board Recommends in Close Call

The New Zealand Institute of Economic Research's (NZIER) monetary policy shadow board is split on how the Reserve Bank of New Zealand (RBNZ) should act at its upcoming meeting, although most views recommend maintaining the official cash rate at 2.25%, NZIER said in a Monday report.It is a very close call, however, as many shadow board members believe the central bank should raise the rate by 25 basis points in July, with higher inflation cited as a key reason by members who want the rate to move back toward neutral sooner rather than later.In terms of the rate's outlook a year from now, shadow board members are still in agreement that the RBNZ should increase borrowing costs over the coming year to a range of around 3% to 3.25%, according to the report.Members of the shadow board feel the central bank should consider soft demand and New Zealand's elevated unemployment rate in determining the pace of tightening over the coming year."The case for an eventually increasing OCR remains solid, but the urgency seems reduced given the marked reduction in energy prices," said NZIER shadow board member Kelly Eckhold.

^NZ50

International31d ago

Singapore's Total Retail Sales Growth Slows to 3% in May

Singapore's total retail sales rose 3% year over year to SG$4.5 billion in May, softer than the 5.4% increase the prior month, according to data from the Statistics Department released Monday.The latest pace of expansion missed the Trading Economics forecast of 6%.Excluding motor vehicles, parts, and accessories, retail sales jumped 3.7% year over year to SG$3.8 billion, compared with a 4.5% growth in the preceding month.On a month-over-month basis, Singapore's seasonally adjusted overall retail sales fell 2.3%, reversing the 0.4% expansion between March and April and defying the Trading Economics forecast of zero change.

^STI

Equities31d ago

Adnoc Launches LNG Trading, Marketing Platform on Abu Dhabi's ADGM

Abu Dhabi National Oil Co., d/b/a Adnoc, launched a marketing and trading platform in Abu Dhabi's international financial center ADGM, or Abu Dhabi Global Market.The global platform for trading and marketing liquefied natural gas is meant to boost the flexibility and shipping options for Adnoc Gas' expanding LNG portfolio, the oil giant said Monday. Adnoc noted that the platform will also capitalize on the marketing activities of its international energy investment company XRG.The new platform will target 47 million tonnes per annum of combined marketable LNG by 2035.

^FADGI

Asia31d ago

Merry Electronics Posts NT$3.46 Billion Sales in June

Merry Electronics (TPE:2439) reported consolidated sales of NT$3.46 billion for June, up 0.2% from the same period last year, according to a Friday Taiwan Exchange filing.The company did not disclose other details in the filing.

TPE:2439

Asia31d ago

Glenmark Pharmaceuticals Launches Olanzapine for Injection

The US-based unit of Glenmark Pharmaceuticals (NSE:GLENMARK, BOM:532296) has launched its Olanzapine for Injection, 10 mg/vial, single-dose vial, according to a Monday filing to the Indian stock exchanges.Glenmark's Olanzapine for injection is bioequivalent and therapeutically equivalent to Cheplapharm Registration's reference listed drug, Zyprexa IntraMuscular Injection 10 mg/vial. It is used to treat the symptoms of schizophrenia and bipolar disorder.According to IQVIA sales data, the Zyprexa IntraMuscular Injection achieved annual sales of around $25.4 million for the 12 months ended May.The company's shares were up nearly 1% in recent trade.

BOM:532296NSE:GLENMARK

International31d ago

China's Logistics Business Activity Rises in June

The logistics business activity index rose to 50.6% in June from 50.3% a month earlier, Xinhua reported Sunday, citing data from the China Federation of Logistics and Purchasing.Nine of the 12 sub-indices stayed above the neutral threshold, and the business volume and new order indices posted an increase from the previous month, the report said.The electronic and mechanical equipment, telecommunications and transportation equipment, and energy-saving home appliances led the increases among sectors that rose within the manufacturing logistics, according to the media outlet.

Shanghai Composite^SZSE

Asia31d ago

Mirae Asset Securities Files for Singapore Listing of $600 Million Bonds

Mirae Asset Securities (KRX:006800) filed for the listing of $600 million worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Monday.The financial services company filed for $300 million worth of 5.125% senior bonds due 2029 and $300 million worth of 5.250% senior bonds due 2031.The bonds will be listed and quoted on the Bonds Market on July 7, the developer said.

^STIKRX:006800

Asia31d ago

Qisda's Sales Edge Down Slightly in June; Shares Rally 10%

Qisda's (TPE:2352) consolidated sales edged down 0.6% to NT$18.7 billion in June from NT$18.8 billion a year earlier, according to a Friday Taiwan Exchange filing.Shares jumped about 10% in Monday's late morning trade.

TPE:2352

US Markets31d ago

PMI: Saudi Arabia's Non-oil Private Sector Growth Hits Four-month High Amid Improved Domestic Demand

Recovering domestic demand and local customer spending helped bolster operating conditions in Saudi Arabia's non-oil private sector in June, the Riyad Bank said Sunday.The seasonally adjusted Riyad Bank Saudi Arabia PMI came in at a four-month high of 53.3 in June, up from May's 52.8. New business from domestic clients climbed at the fastest rate since February, reflecting project approvals and a rebound in sales after previous delays.As investor sentiment over the regional conflict improved, non-oil business activity in June increased at a pace "broadly consistent" with the prior month, as 18% of surveyed firms reported increased production versus the 2% flagging declines.Supply chains also improved, with delivery times at their quickest pace since February, as Saudi businesses pivoted to local suppliers and alternative shipping routes. Meanwhile, purchasing activity was muted amid reports of "sufficient" inventory levels.However, the reading came in weaker than the survey's long-run trend on persistent headwinds in export markets and heightened price pressures. The surveyed firms noted ongoing logistics challenges in the region and increased foreign competition as hurdles to international sales, while surging purchase and labor costs led to a further increase in selling prices."Business sentiment continued to strengthen, with firms reporting their highest level of optimism since January. The improvement in expectations points to growing confidence in the domestic business environment and suggests that companies increasingly anticipate favourable market conditions to support business activity over the coming months. This positive outlook reinforces expectations that non-oil growth will remain supported during the second half of the year," Riyad Bank chief economist Naif Al-Ghaith said.

^TASI

Showing 17441-17460 of 68551