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New Zealand Property Values Edged Lower in June, Says Cotality

New Zealand property values slid in June as Middle East-related tensions spilled over into economic uncertainty, weakening sentiment, Cotality said Thursday.According to Cotality NZ's latest Home Value Index, the national median value stood at NZ$806,512 in June, down 0.2% from the prior month.Main centers Auckland and Wellington continued to slow, with values declining 0.5% and 0.4%, respectively. In contrast, values in Hamilton rose 0.5%.The US-Iran peace deal has improved the economic outlook, but the delayed effects of previous uncertainty were seen in June's property value figures, it said.The possibility of an increase in official cash rate (OCR) next week has reduced due to the peace deal and falling fuel prices.However, if OCR holds steady in July, "an increase or two still looks likely at some stage in 2026 - which was the expectation even before the Iran conflict began," the firm added.

^NZ50

Asia34d ago

Iluka Resources Enters Long-Term Rare Earth Supply Deal With VHM

Iluka Resources (ASX:ILU) entered into an agreement with VHM (ASX:VHM) to take the entire planned output of rare earth concentrate from the Goschen deposit in western Victoria under a long-term supply arrangement, according to a Thursday filing with the Australian bourse.VHM will supply around 146,000 tonnes of concentrate over an 18-year period, containing about 86,000 tonnes of rare earth oxides, averaging roughly 8,320 tonnes of concentrate and 4,900 tonnes of rare earth oxides per year, which will feed Iluka's Eneabba rare earths refinery in Western Australia, per the filing.The Eneabba refinery will convert these feedstocks into separated light and heavy rare earth products, with prices tied to the company's actual realized product sales.The agreement also grants Iluka the first right of refusal on any additional production from Goschen, as well as from VHM's earlier-stage Cannie and Nowie projects, the filing said.Iluka will support development by investing AU$40 million through a secured convertible note, issued in two tranches linked to project milestones, the filing added.

ASX:ILUASX:VHM

Asia34d ago

Northern Star Resources Appoints CEO, Chair

Northern Star Resources (ASX:NST) appointed Suresh Vadnagra as chief executive, succeeding Stuart Tonkin, effective Oct. 5, according to a Thursday Australian bourse filing.Vadnagra currently serves as the head of Glencore's nickel and zinc industrial assets, based in Switzerland, per the filing.The company also said that Deputy Chairman Michael Ashforth will succeed Michael Chaney as chairman of the board following the conclusion of this year's annual general meeting in November, according to a separate filing.

ASX:NST

Asia34d ago

Northern Star Resources Set to Meet Fiscal 2026 Gold Sales Guidance

Northern Star Resources (ASX:NST) reported preliminary gold sold of 433,000 ounces for the June quarter, bringing fiscal 2026 gold sold to about 1.5 million ounces, according to a Thursday filing with the Australian bourse.The company in March guided for fiscal 2026 gold sales of above 1.5 million ounces.Northern Star said it is finalizing its all-in sustaining costs, which will be disclosed in its June quarterly activities report.The KCGM mill expansion project is on schedule after a three-year construction period, with the first stage on track for commissioning in early fiscal 2027 and stage two completion on track for the end of calendar 2026, the company said.It also reported the purchase of AU$129 million of shares during the June quarter as part of a AU$500 million on-market share buyback program.

ASX:NST

Asia34d ago

Objective's Near-Term Margins to Face Pressure After Defense Contract Loss, Says Jefferies

Objective (ASX:OCL) is expected to face near-term margin pressure after losing a highly profitable subscription contract with the Defence Digital Group of the Australian Department of Defence, Jefferies said in a note on Wednesday.Fiscal 2026 is expected to be unaffected, but fiscal 2027 growth is projected to be impacted as annual recurring revenue is now seen to reset to fiscal 2025 levels, the investment firm said.Jefferies lowered its fiscal 2027 to 2028 revenue estimates by 9% to 13% and sees fiscal 2026 to 2028 EPS to decline by 28% to 31%.The expected margin compression reflects both the quality of the lost revenue and the limited ability for the company to replace it with contracts of similar margin in the near term, it added.The brokerage maintained its hold rating but cut its price target to AU$7 from AU$14.

ASX:OCL

Commodities34d ago

NRC Proposes Broad Overhaul of Nuclear Power Plant Licensing Rules

The US Nuclear Regulatory Commission on Wednesday proposed sweeping reforms in what it described as its most comprehensive update to nuclear power plant licensing in decades.The proposal would update licensing, safety oversight and siting requirements across every stage of a nuclear plant's lifecycle, from design and construction through operation, license renewal and decommissioning.The NRC said the proposal draws on decades of operating experience, lessons from new reactor licensing and the emergence of advanced reactor technologies. It also advances reforms required under the ADVANCE Act of 2024 and Executive Order 14300."This proposed rule strips out rigid frameworks and unnecessary conservatism to accelerate the safe deployment of new reactors and expand existing capacity across America," NRC Chairman Ho Nieh said.The proposal would streamline reactor construction by concentrating regulatory oversight on the most safety-significant systems and permitting certain early site activities under a general license after an application is docketed.Applicants and licensees would gain greater flexibility to use risk-informed methods instead of traditional approaches for safety reviews and model updates. The proposal also expands performance-based emergency planning to all reactor types.The proposal would let operators adopt an internationally recognized quality assurance standard. It also extends license renewal periods, broadens siting rules and introduces more flexible decommissioning funding requirements for advanced reactors.The NRC also proposed updating safety rules to support higher-enriched and accident-tolerant fuels by focusing on credible, risk-significant scenarios.Separately, in a related proposal also released Wednesday, the NRC unveiled revisions to its radiation protection regulations.While the proposed changes retain existing public and worker dose limits, they would replace the long-standing "as low as reasonably achievable" or the ALARA principle with a framework centered on compliance with established regulatory precautions and existing dose limits.According to the NRC, the current dose limits are already set well below levels associated with known health effects, and maintaining ALARA as a separate regulatory expectation has added costs and complexity without delivering measurable safety benefits."We're raising the standard for regulatory clarity, not lowering the standard for safety," Nieh said, adding that the proposal would not alter existing public or occupational radiation exposure limits.The regulator said the proposal is part of its broader effort to modernize its regulatory framework, reduce unnecessary compliance burdens, and ensure its rules reflect current science while maintaining public health and safety protections.The NRC will accept public comments for 45 days after the proposal is published in the Federal Register and plans to hold a public meeting during the comment period.

Asia34d ago

KMD Brands Completes 25-for-1 Share Consolidation

KMD Brands (ASX:KMD, NZE:KMD) said its 25-for-1 share consolidation, which took effect on Wednesday, has now been completed, according to a Thursday filing with the Australian and New Zealand bourses.The company now has a total issued capital of about 72 million shares following the consolidation, per the filing.The shares began trading on the New Zealand Exchange on a normal settlement basis following the consolidation, while on the Australian Securities Exchange they are initially trading under the deferred settlement code "KMDDA" on Thursday, with normal settlement trading under the code "KMD" expected to begin on Friday, the filing added.

ASX:KMDNZE:KMD

Asia34d ago

Generation Development Group's Evidentia Maintains Market Lead, Jefferies Says

Generation Development Group (ASX:GDG) remains the leading issuer-manager in Australia's managed accounts market, with its Evidentia business maintaining a clear lead through its scale, execution capabilities, and adviser-focused model, Jefferies said in a Wednesday note.The company's Evidentia operates in Australia's AU$300 billion managed accounts market, which continues to expand rapidly despite intensifying competition, according to Jefferies.Jefferies said recent deals, including Betashares' acquisition of Trellia and Kudu's purchase of Drummond, highlight the long-term growth potential of a competitive sector spanning issuer-managers, research-led consultants, exchange-traded fund providers and investment platforms.The research firm rejects the view that low barriers to entry are driving boutique competition, arguing that managed accounts require heavy regulatory and platform investment, typically take two years to generate revenue, cost AU$3 million to AU$5 million upfront to reach profitability, and see little genuine new entry.The research firm stated that leading companies succeed through disciplined risk management, scalable portfolio construction, fee efficiency, strong technology, governance and adviser alignment, and that Evidentia's advisory-led, research-backed offerings strengthen relationships, efficiency, and its leadership position.Jefferies maintained a buy rating on Generation Development and a price target of AU$6.35.

ASX:GDG

Insider Trading34d ago

Marvell Technology Insider Sold Shares Worth $2,819,200, According to a Recent SEC Filing

Chris Koopmans, President and COO, on July 01, 2026, sold 10,000 shares in Marvell Technology (MRVL) for $2,819,200. Following the Form 4 filing with the SEC, Koopmans has control over a total of 227,754 common shares of the company, with 227,754 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1835632/000162828026046627/xslF345X05/wk-form4_1782942422.xml

$MRVL

Oil & Energy34d ago

US Oil Update: Futures Settle Lower After Trump Says US-Iran Talks Going Well

Crude oil futures settled lower in after-hours trading on Wednesday after President Trump said talks between the US and Iran were progressing well, easing concerns over potential supply disruptions, while a draw in US crude stockpiles further pressured the market.Front-month West Texas Intermediate crude futures fell 2.1% to $68.02 per barrel, while Brent futures dropped 2.5% to $71.16/bbl.US commercial crude oil inventories decreased by 3.8 million barrels to 408.4 mmbbls in the week ended June 26, the Energy Information Administration said in its weekly report on Wednesday. The decline is less than Macquarie's forecast of a 5.5-mmbbl draw for the week ending June 26.On Wednesday, Trump said that the US was getting along very well with Iran and that recent meetings in Qatar went well. The US President told reporters that the two sides had very constructive meetings, "and we'll see how it develops," adding that crude prices have come down significantly, now at about $68/bbl.The technical talks in Qatar come after tit-for-tat military strikes between the US and Iran over the weekend, which threatened to jeopardize a 60-day truce between the two countries.Soojin Kim, research analyst at MUFG, said progress in indirect negotiations has supported a gradual recovery in shipping via the Hormuz, while Iranian exports have increased following the easing of maritime restrictions.US special envoy Steve Witkoff and Trump's son-in-law, Jared Kushner, held positive talks in Doha to ease the Middle East conflict and held technical talks as the two sides seek to reach an agreement on the flow of shipping through the Strait of Hormuz.Iran's Deputy Foreign Minister Kazem Gharibabadi led a delegation of representatives from Iran's foreign ministry, central bank and agriculture ministry, meeting Qatar's prime minister, Sheikh Mohammed bin Abdulrahman Al Thani and holding talks with mediators, according to local media.Gharibabadi reportedly said that working groups for the follow-up of the MoU's implementation and for negotiations towards a final agreement have been set up, "but no talks have yet taken place within these frameworks."Meanwhile, market sentiment is being bolstered by reports that tanker traffic through the Strait of Hormuz has begun to recover. US Vice President J D Vance reportedly said that oil flows through the strategic waterway have returned to pre-war levels.ING strategists said that the crude market continues to take an optimistic view of a supply recovery from the Persian Gulf, despite recent flare-ups between the US and Iran.The Strait recorded 34 verified crossings on June 30, according to MarineTraffic, with traffic evenly balanced at 17 vessels in each direction.However, route visibility remained "fragmented," with vessels using Iranian, Omani, International Maritime Organization, and dark or unknown routes, according to MarineTraffic.

Insider Trading34d ago

Corecivic Insider Sold Shares Worth $380,750, According to a Recent SEC Filing

Cole G. Carter, Chief Administrative Officer, on July 01, 2026, sold 12,500 shares in Corecivic (CXW) for $380,750. Following the Form 4 filing with the SEC, Carter has control over a total of 203,383 common shares of the company, with 203,383 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1070985/000119312526292852/xslF345X05/ownership.xml

$CXW

Commodities34d ago

China's 2026 LNG Demand Outlook Weakens as Industrial Consumption Slows, Kpler Says

Kpler lowered its 2026 China LNG demand forecast to 63.5 million metric tons as it expects weaker industrial activity to weigh on consumption later this year, the firm said in a Wednesday note.Kpler expects industrial activity to remain broadly stable through July and August before slowing in Q4, as weaker petrochemical, property and glass sectors reduce industrial gas consumption.Analysts expect Asian spot LNG prices to remain rangebound through Q3 as restocking demand supports the market. The firm expects prices to turn more bearish in Q4 as weaker industrial LNG consumption eases buying interest.China's apparent gas consumption fell 4% over the year to 34.98 billion cubic meters in April, according to the National Development and Reform Commission. Kpler estimates industrial gas demand declined by about 1.9 bcm over the year in May.Industrial gas demand came under pressure as supply concerns surrounding the Strait of Hormuz lifted Asian LNG prices, Kpler said. The firm expects the US-Iran peace deal to ease geopolitical risks and boost Middle Eastern methanol exports to China.Lower geopolitical risk following the US-Iran peace deal should increase Middle Eastern methanol shipments into China, loosening the domestic methanol market and weighing on local methanol production, Kpler said.Methanol-to-olefin economics have recovered modestly since gross margins fell to -$108 per metric ton in early June. However, Kpler said weak downstream petrochemical demand is likely to cap further margin gains and limit additional gas consumption.China's property downturn and persistent overcapacity across the solar supply chain are expected to reduce glass production in Q4, adding further pressure to industrial gas demand, according to the note.China's transport-sector LNG demand has also begun to soften. LNG truck sales reached 13,900 units in May, holding broadly steady over the year while remaining above the five-year average.Despite LNG's fuel-cost advantage over diesel, Kpler expects improving economics for electric heavy trucks to slow LNG truck adoption. Lower fleet utilization and weaker freight activity are also expected to weigh on demand through the fourth quarter.Reflecting those headwinds, Kpler reduced its 2026 China LNG demand forecast by 200,000 mt to 63.5 million mt, citing weaker industrial gas consumption later in the year.

Insider Trading34d ago

Dorian LPG Insider Sold Shares Worth $707,526, According to a Recent SEC Filing

Tim Truels Hansen, Chief Commercial Officer, on June 30, 2026, sold 20,000 shares in Dorian LPG (LPG) for $707,526. Following the Form 4 filing with the SEC, Hansen has control over a total of 157,842 common shares of the company, with 157,842 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1596993/000091957426004215/xslF345X05/ownership.xml

$LPG

Insider Trading34d ago

Hayward Holdings Insider Sold Shares Worth $2,927,594, According to a Recent SEC Filing

Kevin Holleran, Director, President, and CEO, on June 30, 2026, sold 170,000 shares in Hayward Holdings (HAYW) for $2,927,594. Following the Form 4 filing with the SEC, Holleran has control over a total of 701,934 common shares of the company, with 701,234 shares held directly and 700 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1834622/000185102126000018/xslF345X05/wk-form4_1782941072.xml

$HAYW

Asia34d ago

Lendlease Group Completes Sale of The Exchange TRX Stake

Lendlease Group (ASX:LLC) said it completed the sale of its interests in The Exchange Tun Razak Exchange (TRX) to the Valiram Family Office, receiving around AU$400 million in cash, according to an Australian bourse filing on Wednesday after market hours.The company sold a 40% stake in The Exchange TRX retail mall, reducing its holding to 20%, divested its entire 60% interest in the TRX office tower, and sold a 49% stake in the TRX management company while retaining a 51% interest, resulting in a modest gain on the transaction, per the filing.The company expects to report a total profit of around AU$50 million in fiscal 2026, largely driven by the sale of management rights in its investments segment, the filing said.The remaining 20% stake in The Exchange TRX retail mall was transferred to the investments segment, effective Wednesday, while the group continues to hold a 60% interest in the remaining TRX residential land plots and TRX hotel, the filing added.

ASX:LLC

Commodities34d ago

US Natural Gas Update: Futures Fall on Expectations of Larger Storage Build

US natural gas futures extended losses in after-hours trading on Wednesday as expectations for a larger-than-average increase in domestic gas inventories outweighed support from an intense heatwave expected to drive cooling demand across much of the country.The front-month Henry Hub contract and the continuous contract fell 1.95% to $3.211 per million British thermal units.Market participants await Thursday's weekly US Energy Information Administration storage report. According to Barchart, analysts expect natural gas inventories to rise by about 83 billion cubic feet for the week ended June 26, well above the five-year average injection of 64 Bcf for the corresponding week.Gelber & Associates projected an 81 Bcf storage injection. "For now, the market is not ignoring the heat, but it is also not treating it as a reason for a clean breakout while storage remains healthy and the forecast moderates beyond the front-end heat pulse," Gelber & Associates said in a Wednesday market note. "Furthermore, most forecasting models have maintained warmer-than-normal summer temperatures for the past few months, so it is likely priced in at face value."Near-term weather conditions, however, remain supportive of demand. Forecasts for July 1-5 continue to call for triple-digit daily highs across major population centers in the Midwest and Eastern US, lifting electricity demand and projected natural gas consumption.However, prices also came under pressure as weather forecasts for mid-July turned slightly cooler, potentially easing demand for air conditioning among power generators. Barchart reported that the Commodity Weather Group expects near-normal seasonal temperatures across the eastern US during July 6-15.Barchart, citing BNEF data, said Lower 48 US gas demand reached 80.2 Bcf per day on Wednesday, up 0.8 Bcf from the previous day and 4.0% higher than a year earlier. Celsius Energy estimated power-sector gas consumption at 39.2 Bcf on June 29, an increase of 3.9 Bcf from the previous day, although still 3.4 Bcf below the same day last year.On the supply side, US dry gas production averaged 110.5 Bcf/d on Wednesday, down 1.6 Bcf from the previous day but still 1.7% above year-earlier levels, reflecting continued robust output.Meanwhile, estimated net feedgas flows to US LNG export terminals slipped by 0.5 Bcf/d to 19.2 Bcf/d on Wednesday, remaining at historically strong levels and up 0.7% from a week earlier.

Insider Trading34d ago

Applied Materials Insider Sold Shares Worth $55,550,320, According to a Recent SEC Filing

Gary E Dickerson, Director, President, and CEO, on June 29, 2026, sold 78,321 shares in Applied Materials (AMAT) for $55,550,320. Following the Form 4 filing with the SEC, Dickerson has control over a total of 1,599,843 common shares of the company, with 1,599,843 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/6951/000162828026046609/xslF345X05/wk-form4_1782940748.xml

$AMAT

Asia34d ago

Perpetual Rejects EQT-Backed Windflower's Takeover Proposal

Perpetual (ASX:PPT) rejected an unsolicited, non-binding takeover proposal from Windflower, an entity indirectly controlled by Swedish private equity firm EQT, saying the offer did not adequately reflect fair value for shareholders in a change-of-control transaction, according to an Australian bourse filing on Wednesday after market hours.The shareholders would have received AU$21.64 cash per share under the proposal, less any dividends, capital returns, or distributions paid by the company, the filing said.The company said shareholders do not need to take any action in response to the proposal.

ASX:PPT

Insider Trading34d ago

Beta Technologies Insider Sold Shares Worth $494,691, According to a Recent SEC Filing

Kyle Clark, Director, President, and Chief Executive Officer, on June 29, 2026, sold 30,000 shares in Beta Technologies (BETA) for $494,691. Following the Form 4 filing with the SEC, Clark has control over a total of 7,993,405 Class A common shares of the company, with 748,915 shares held directly and 7,244,490 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1784570/000209008326000013/xslF345X05/primarydocument.xml

$BETA

Insider Trading34d ago

Liberty Energy Insider Sold Shares Worth $258,874, According to a Recent SEC Filing

Michael Stock, Chief Financial Officer, on July 01, 2026, sold 9,999 shares in Liberty Energy (LBRT) for $258,874. Following the Form 4 filing with the SEC, Stock has control over a total of 773,711 Class A common shares of the company, with 773,711 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1694028/000162828026046605/xslF345X05/wk-form4_1782940422.xml

$LBRT

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Commodities34d ago