Financial News · Live Terminal

Page 947 of 3301

Market Chatter: Geely Unit Lotus Eyes US Production of New Hybrid SUV Amid Tariff Impact

Geely Automobile Holdings (HKG:0175) unit Lotus Technology is exploring the production of Eletre X, its new plug-in hybrid SUV, in the U.S. following detrimental effects of U.S. tariffs on sales, Nikkei Asia reported Friday.The new SUV will allow the automotive company to target buyers who don't want to switch solely to EV technology, Nikkei Asia said, citing Lotus' Chief financial officer Daxue Wang.Eletre X is currently available in China and will be launched in Europe in the fourth quarter, with no release date announced for the U.S. yet.British sportscar maker Lotus' international deliveries had slipped 46% to 6,520 vehicles in 2025 amid the tariffs.Geely Automobile and Lotus did not immediately respond to a request for comment from.(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.)

HKG:0175

International38d ago

Italian Business Confidence Rises in June; Consumer Sentiment Down

Italy's business confidence index rose to 95.2 points in June from the revised 94.2 points in May, according to data from statistics agency Istat published Friday.For the manufacturing sector, the confidence index increased to 88.4 points from 87.9 points previously, in line with the consensus estimate.Meanwhile, Italian consumer confidence was 92.4 points, against the prior 93.4 points and the expected 94.5 points.

^SXXP

Asia38d ago

KDX Realty Investment Sets Interest Rates on 1.5 Billion Yen Debt Financing

KDX Realty Investment (TYO:8972) has finalized the interest rates for its Series 0053 and 0054 borrowings, previously disclosed on June 25, according to a Tokyo bourse filing on Friday.The company secured three fixed-rate term loans totaling 1.5 billion yen from The Kiyo Bank, Kiraboshi Bank, and Suruga Bank, with rates ranging from 2.0625% to 2.1625%.All loans are unsecured and unguaranteed, with drawdown scheduled for June 30, 2026, and full principal repayment at maturity on June 30, 2031.

TYO:8972

Equities38d ago

TotalEnergies Says Paris Court Rejects Bid to Mandate Oil, Gas Output Cuts

TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law.The company said the court ruled that the law does not hold companies liable for climate risks arising from all human activity or authorize courts to set emissions reduction targets.The court asked TotalEnergies to update its vigilance plan to include Scope 3 emissions, and the company said it will revise the plan using its sustainability report while assessing its next steps.

$TTE

Asia38d ago

Huafon Aluminium Begins Operations of Aluminum Sheet Plant

Shanghai Huafon Aluminium (SHA:601702) started the operations of a high-end aluminum sheet plant, according to a Shanghai bourse filing on Friday.The plant, which was constructed through subsidiary Huafon Aluminium, will produce every year 450,000 tons of aluminum sheets, which will be used for new energy vehicles.The Chinese aluminum products manufacturer's shares fell 3% at the close.

SHA:601702

Commodities38d ago

Envision Energy to Supply Battery Storage for Solar Project in South Africa

Chinese green technology company Envision Energy said Thursday it will supply 660 megawatt-hours of battery storage for South Africa's Naos-1 solar power project, following an agreement with renewable energy firm Sola and construction firm WBHO.Naos-1 integrates 300 MW of solar generation with 660 MWh of storage to address challenges in renewable intermittency, according to the statement.Aside from designing and manufacturing the BESS, Envision said it will also handle system operation and maintenance under a 25-year service agreement.Envision will leverage its vertically integrated BESS expertise in the deal, which also expands the company's footprint in Africa.

Asia38d ago

GLP J-REIT Locks in Fixed Rates for 2.18 Billion Yen in New Borrowings

GLP J-REIT (TYO:3281) has finalized the interest rates for borrowings previously disclosed on May 27, securing fixed-rate term 2.18 billion yen loans from Daishi Hokuetsu Bank and The Bank of Iwate, according to a Tokyo bourse filing on Friday.The 1 billion yen loan from Daishi Hokuetsu carries a 2.213% rate with a five-year term maturing in June 2031, while the 1.18 billion yen facility from Bank of Iwate is priced at 2.294% and matures in June 2032.Both loans are unsecured and non-guaranteed, with drawdown scheduled for June 30 and lump-sum repayment at maturity. The proceeds will support the REIT's financing activities.

TYO:3281

Commodities38d ago

New Nomination Points for Gulf Coast Express Appear in Southern Texas, Wood Mackenzie Says

Two new nomination points connected to the expansion of the Gulf Coast Express have appeared near Agua Dulce, Texas, Wood Mackenzie said on Thursday, with initial nominations of 50,000 million British thermal units per day into Tennessee Gas Pipeline, and 20,000 MMBtu/d into Natural Gas Pipeline of America.This adds 570 million cubic feet per day to capacity and increases GCX system capacity to about 2.57 bcf/d from Waha to Agua Dulce, it said.Waha cash prices have reacted, rising to $0.315/MMBtu for the June 16 flow date, following a lengthy spell of weakness, with more than 130 days of negative pricing so far this year, with a low-point of -$9.52/MMBtu on April 16, Wood Mackenzie said.The early flows look commercially meaningful with Waha prices moving from -$1.03/MMBtu on June 8 to -$0.34/MMBtu the next day and reaching positive figures by June 16 for the first time since February.Nominations into NGPL and TGP confirm commissioning is taking place and indicate that "debottlenecking" is taking place in the Permian Basin, the note said.An underlying imbalance persists however, with Permian production about 24 bcf/d which should rise above 29 bcf/d by 2030.Wood Mackenzie said that more infrastructure will be needed to keep price normalization going, with upcoming projects like Blackcomb Pipeline and Hugh Brinson Phase 1 to add about 4 bcf/d of additional takeaway by the end of the year.Price dynamics are likely to remain reactive to incremental capacity additions and progress with commissioning rather than reflect a rebalanced market meanwhile.

Asia38d ago

Yihua Chemical Offers Yihua Convertible Bonds to Investors

Hubei Yihua Chemical Industry (SHE:000422) offered convertible corporate bonds, dubbed Yihua Convertible Bonds, to investors, according to a Shenzhen bourse filing on Friday.The convertible bonds, which amounted to 3.30 billion yuan, will be preferentially allocated to the company's shareholders registered by Thursday.The subscription date for investors and shareholders is on Friday.Any unsubscribed portion of the offering will be underwritten and the underwriting commitment may not exceed 30% of the total issuance, which amounts to 990 million yuan.The chemical manufacturer's shares dropped 8% at the close.

SHE:000422

Asia38d ago

Market Chatter: Canada, Japan Explore Joint Critical Minerals Stockpiling to Cut Reliance on China

Canada and Japan look to join forces to stockpile critical minerals and broaden mining cooperation in a bid to diversify away from dependence on China, Reuters reported Friday, quoting Canada's International Trade Minister, Maninder Sidhu.The two countries are reported to be exploring joint mining projects, off-take agreements, and stockpiling arrangements for graphite and gallium to strengthen the supply chains for critical minerals.The Canadian minister is currently on an official visit to Japan with about 300 delegates from nearly 180 companies and organizations.Canada and Japan's trade ministries did not immediately respond to a request for comment from.(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.)

Nikkei 225

Asia38d ago

Securities Firms in Major Asia-Pacific Markets Display Strength Despite Volatility, Fitch Says

Rated securities firms in major Asia-Pacific markets show strength despite lingering equity market volatility, Fitch Ratings said in a recent release.Securities companies in Korea, Japan, Taiwan, and China display sufficient capital buffers, solid risk control frameworks, and adherence to strict regulatory oversight, the rating agency said.Net adjusted leverage has risen in the sector since 2025, reaching about 8x to 9x in Korea and Taiwan and 12x to 13x in Japan, due to asset expansion and stronger capital market activity, according to Fitch.Direct credit risk from margin financing and similar securities-backed lending will remain limited due to tight margin maintenance requirements and active collateral monitoring, the rating agency said.Investment books continue to account for the largest asset share for firms, making up 60% of assets in Korea, 40% to 50% in China, and 30% to 40% in Japan and Taiwan, Fitch said.

^KOSDAQKOSPINikkei 225Shanghai Composite^SZSETaiwan Weighted

Equities38d ago

Equinor to Wrap Up Offshore Wind Business in Japan

Equinor (EQNR) is ending its offshore wind business activities in Japan and shut its Tokyo office by the end of the year.The decision is due to a reassessment of Equinor's strategic direction and focus on integrated power markets, the company said.Shares of the company were down 2% in Friday's premarket activity.

$EQNR

US Markets38d ago

Zalando Shares Slide After German Watchdog Opens Probe into 2025 Accounts

Shares in Zalando (ZAL.F) fell in Friday morning trading after Germany's financial regulator announced a probe into the online retailer's 2025 financial results over an alleged breach of accounting rules.The German Federal Financial Supervisory Authority, or BaFin, said Friday that it initiated the audit after determining that Zalando may have failed to disclose information on a related-party transaction connected to its acquisition of About You Holding in the notes to its consolidated financial statements.The stock fell 6% in mid-morning trading in Frankfurt following the announcement.BaFin said it launched the audit on June 19, while emphasizing that the decision does not imply that the financial statements are incorrect or that material misstatements are likely to be identified during the probe.The company confirmed the same day that it received notice of BaFin's review, adding that it is in "close and constructive dialogue" with the regulator. Zalando added that the probe relates to a "purely formal and materially insignificant aspect of the notes to the financial statements."Zalando acquired rival online retailer About You in July 2025, making it a wholly owned subsidiary of the group. At the time, the combined group projected an adjusted EBIT margin of 6% to 8% in 2028.

$ZAL.F

Asia38d ago

S&P Rates NTT Finance's US Dollar, Euro, Pound Sterling Notes BBB+

S&P has placed a BBB+ long-term issue credit rating to NTT Finance's US dollar, euro, and pound sterling notes, according to a recent release.The notes' rating is equivalent to the company's long-term issuer credit rating, stemming from S&P's view of no subordination for the consolidated debt with the absence of debt senior to the notes.The company's rating is also in line with parent NTT's (TYO:9432) long-term issuer credit rating, given its core status within the group as the primary financing arm, S&P said.NTT's rating reflects its major position as Japan's largest telecom carrier and likely improved energy amid segment synergies.These strengths counterbalance continued earnings pressure in the domestic mobile communications business and elevated debt amid slow profit growth.

TYO:9432

Asia38d ago

Hong Kong Stocks Extend Slide on AI Jitters; Six Firms Debut in Busiest IPO Session in Months

Hong Kong stocks extended their losses on Friday as Apple's steep price hikes highlighted mounting AI-related chip costs, adding to concerns over stretched technology valuations.The Hang Seng Index fell 1.8%, or 405.05 points, to close at 22,671.86, while the Hang Seng China Enterprises Index dropped 1.9%, or 147.54 points, to finish at 7,460.84.Apple raised prices for its iPad and MacBook lineup on Thursday, saying it could no longer absorb soaring costs of memory and storage chips driven by the AI industry's rapid data center expansion.Sentiment was further dented after the New York Times report, citing three people familiar with the matter, that OpenAI is considering delaying its public listing until next year.In corporate news, the Hong Kong bourse hosted its busiest trading debut session in months, with six companies making their market debut.Lingyi iTech (Guangdong) (HKG:1688, SHE:002600) ended the session nearly 5% lower at HK$9.71, versus its offer price of HK$10.18.Beijing Zhongke WengeAI Science and Technology (HKG:1956) closed 84% higher at HK$111.70, compared with its offer price of HK$60.70.Keytop Parking (HKG:2272) ended the session 204% higher at HK$120.20, versus its offer price of HK$39.55SG Micro (HKG:3661) closed 47% higher at HK$125.30, compared with its offer price of HK$85.20PT Merdeka Gold Resources (HKG:6228) ended the session 7% lower at HK$24.86, versus its offer price of HK$26.60Circuit Fabology Microelectronics Equipment (HKG:9630) closed 104% higher at HK$515.00, compared with its offer price of HK$252.73.

Hang SengHKG:1688HKG:1956HKG:2272HKG:3661HKG:6228HKG:9630SHE:002600

Asia38d ago

HBIS Slated to Pay Interest on 700 Million Yuan Perpetual Bonds on June 29

HBIS (SHE:000709) on June 29 will distribute interest on its 700 million yuan of perpetual corporate bonds, following a rest-day postponement from June 27.The 2.46% coupon applies to the June 2025-to-June 2026 accrual period, with holders of every 10 bonds receiving 24.60 yuan before taxes, according to a Thursday filing with the Shenzhen bourse.Shares of the iron and steel maker closed 3% lower Friday.

SHE:000709

Asia38d ago

Semiconductors Outperform, Widen Gap With Other Korean Sectors, S&P Says

Profitability improvements among rated Korean corporates are concentrated within two chipmakers, overshadowing gains in other sectors, S&P Global Ratings said in a recent release.Notable macroeconomic dynamics will further increase the gap in operating performance among corporates, with the semiconductor industry dominating overall profit expansion, S&P said.Semiconductors and defense should further outdo other sectors over the next one to two years amid strong product demand growth, the rating agency said.Meanwhile, utilities, petrochemicals, and electric vehicle batteries are exposed to oil price movements, inflationary pressure, weakness in the won, and US policy shifts, S&P said.S&P's rating actions on Korean corporates were on a downward bias in the first half of the year, with conditions diverging for sectors and continuing to be slightly negative, credit analyst Jeremy Kim said.

^KOSDAQKOSPI

Asia38d ago

Yongtai Tech Signs Sale Deal With CATL

Zhejiang Yongtai Technology's (SHE:002326) subsidiary, Zhejiang Yongtai New Energy Materials, signed a sale agreement with Contemporary Amperex Technology (SHE:300750, HKG:3750), according to a Shenzhen bourse filing on Friday.The fluorine fine chemicals manufacturer will supply CATL with electrolyte additive vinylene carbonate.The delivery is capped at 20,000 tons in 2027, and it will rise to 30,000 tons in 2028 and 40,000 tons in 2029.Yongtai's shares fell 4%, while CATL's Hong Kong and Shenzhen shares both dropped around 5% at the close.

HKG:3750SHE:002326SHE:300750

Asia38d ago

Everbest Machinery's Controlling Shareholder Completes Stake Transfer

Shenzhen Everbest Machinery Industry's (SHE:002980) controlling shareholder, Yuan Jianmin, completed the transfer of 5% of the company's shares, according to a Friday disclosure on the Shenzhen bourse.The stake, which represented 9,470,058 shares, was transferred to Yu Xinwen, Shenzhen Galante Technology's founding shareholder, for 460 million yuan in February.The Chinese thermometer manufacturer's shares dropped 5% at the close.

SHE:002980

Asia38d ago

Giantplus Technology Chairman Leaves After Toppan Cuts Stake; Shares Drop 10%

Giantplus Technology (TPE:8105) Chairman Tamura Takayuki has been removed from his position after TOPPAN transferred more than half of the shares it held at the time of his election.Shares fell 10% in Friday's afternoon trade.Tamura Takayuki was one of the four representative directors appointed by TOPPAN for Giantplus Technology's board, according to a Friday Taiwan ExchangeThe share transfer triggered the automatic discharge of the representative directors, ending Tamura's tenure as chairman.The company has not named a successor yet.

TPE:8105

Showing 18921-18940 of 66008