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LS Marine Solution Completes Upgrades on Cable-Laying Vessel

LS Marine Solution (KOSDAQ:A060370) completed performance upgrades on its cable-laying vessel GL2030, expanding its cable loading capacity to 7,000 tons from 4,000 tons, according to a statement on Wednesday.The upgrade enables continuous installation of over 100-kilometer routes, slashing voyage frequency, construction time, and costs while positioning the company to capture surging submarine cable demand.LS Marine Solution expects to significantly boost project execution, driven by the government's 55GW offshore wind bidding plan by 2035, the West Coast HVDC project, and rising cross-border cable demand from AI data centers.The company plans to expand its participation in national grid projects and target global markets through LS GreenLink, LS Cable & System's U.S. submarine cable production base.

KOSDAQ:A060370

Mining & Metals4d ago

CAE Strikes Collaboration Agreement with Leonardo to Advance Pilot Training

CAE (CAE.TO) struck a collaboration agreement with aerospace and defense company Leonardo on advanced fighter pilot training, the company said Wednesday.The companies will develop advanced capabilities to prepare pilots for operational concepts such as AI-enabled systems and autonomous mission environments.The agreement is an expansion of CAE and Leonardo's existing collaborative relationship, expanding its scope as the companies work on a technology roadmap to advance Leonardo's M-346 Integrated Training System for military pilots.

$CAE.TO

Commodities4d ago

Exus Renewables Secures $356M Financing for Pennsylvania Wind Repowering

Exus Renewables, an independent North American power producer, announced the closure of $356 million in construction financing for two wind repowering projects in Pennsylvania, earlier this week.The cash will fund the 61.6-megawatt Cambria Wind Farm and the 75-MW Highland North Wind Farm, both located in Cambria County. KeyBanc Capital Markets, along with its partners served as the coordinating lead arranger.The Cambria project is set to begin commercial operations by the autumn of 2026, meeting rising electricity demand from data centers and large industrial customers, the company said in a statement.The projects will expand Exus' Pennsylvania portfolio to more than 306.9 MW of owned wind capacity, including the 139.4-MW Twin Ridges Wind Farm in Somerset County. The company plans to hold a ribbon-cutting ceremony for the Highland North and Cambria projects in September.Jim Spencer, the company's CEO noted that "The demand for clean energy from data centers and large corporations isn't slowing down, it's accelerating," while adding that capital remains available for developers with strong pipelines.

Asia4d ago

San Miguel Brewery Warns of Lower H1 Profit

San Miguel Brewery Hong Kong (HKG:0236) expects a net profit of HK$11.4 million for the six months ended June 30, down from HK$51.1 million a year prior.The brewer attributed the forecast to the adverse impact of the U.S.-Iran conflict on export volumes and operating costs.

HKG:0236

Asia4d ago

Contiocean Environment Tech Expects Up to 277% Jump in H1 Profit

Contiocean Environment Tech Group (HKG:2613) expects net profit for the first half of 2026 to range between 17 million yuan and 23 million yuan, up 179% to 277% from 6.1 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.The company attributed the expected increase mainly to revenue from new products, including shaft generator systems and plate heat exchangers, as well as deliveries of long-cycle orders that were delayed in 2025.

HKG:2613

Asia4d ago

OCI Returns to Profitability in Q2

Chemicals company OCI (KRX:456040) posted attributable net income of nearly 30 billion won in the second quarter compared with a loss of 722 million won a year earlier.Sales rose 1.5% to over 535 billion won for the three months ended June 30, from 527 billion won in the prior-year quarter, according to a filing on Wednesday.For the first half of the year, cumulative attributable net income reached 54.8 billion won compared with a loss of 16.5 billion won a year earlier, while sales declined 2.3% to 1.041 trillion won from 1.066 trillion won.The company attributed the turnaround in profitability to strong performance across its business segments, though it noted that the interim figures have not yet been reviewed by external auditors and remain subject to change.

KRX:456040

Asia4d ago

Mongolian Mining Posts 29% Rise in Q2 Coal Output

Mongolian Mining (HKG:0975) posted a 29% year-on-year increase in run-of-mine coal output to 4.4 million tonnes for the second quarter.Sales of washed coking coal rose 55% from a year earlier to nearly 2.7 million tonnes, while production increased 29% to 2.8 million tonnes, according to a Wednesday Hong Kong bourse filing.The company processed 4.5 million tonnes of ROM coking coal, up 25% year over year.

HKG:0975

Asia Markets4d ago

Earnings, Crude Prices Roil Asian Stock Markets

Asian stock markets churned on Wednesday as markets digested rising crude prices, the unfolding earnings season, and tensions in the Middle East.Hong Kong and Tokyo finished in the red, while Shanghai inched up. Other regional exchanges were also mixed.Brent crude oil touched $95.27 a barrel during Asian market hours, up 4.7%.In Japan, the Nikkei 225 opened higher but waffled, and finished off 0.2% as traders mulled oil prices and earnings reports.The benchmark Nikkei 225 fell 116.59 to 66,115.60, although gaining issues outnumbered losers 121 to 102.Leading the upside was advanced material maker Mitsui Kinzoku, up 7.4%, while J. Front Retailing declined 5.7%.In economic news, Japan's international exports rose 19.3% on the year in June, while imports rose 25.4%, reported the Ministry of Finance.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 1% on softness in gaming and internet-platform shares.The broad gauge Hang Seng fell 239.63 to 24,892.66, as losing issues outnumbered gainers 50 to 38. The Hang Seng TECH Index lost 3% on the day, while the Mainland Properties Index fell 1.2%.Leading the upside was Xinyi Solar, gaining 6.4%, while internet services and video game maker Netease fell 7.4%. Gaming giant Tencent declined 7%.On the mainland, the Shanghai Composite rose 0.1% to 3,867.03.On the other regional exchanges, the S. Korean KOSPI rose 0.7%; the Taiwan TWSE advanced 1.3%; the Australian ASX 200 gained 0.3%; the Singapore Straits Times Index rose 1.2%, and the Thai Set declined 0.8%. In late trading in Mumbai, the Sensex was down 0.9%.The MSCI All Country Asia Pacific Index traded evenly on the day.In other news, Bank Indonesia held its key interest rates unchanged after a policy session.

Hang SengNikkei 225Shanghai Composite

Asia4d ago

Malaysian Bourse OKs Listing of Up to 42.3 Million KSL Shares Under Dividend Reinvestment Plan

KSL (KLSE:KSL) said Bursa Malaysia Securities has approved the listing and quotation of up to 42.3 million new shares to be issued under the company's dividend reinvestment plan (DRP), according to a Wednesday Malaysian bourse filing.The approval, however, is subject to conditions including compliance with Bursa's listing requirements, notification upon completion of the DRP, confirmation of compliance with the approval terms, and payment of any additional listing fees.

KLSE:KSL

Commodities4d ago

Spanish Utility Iberdrola H1 Production Rise YOY

Spanish utility Iberdrola on Wednesday reported total H1 electricity production of 61,318 gigawatt-hours, up nearly 1% year over year, driven by a 23% surge in offshore wind and robust output gains across the UK and US.The company's total installed generation capacity expanded by nearly 4% over the past 12 months to reach 56,827 megawatts, driven by global investments in clean energy infrastructure.Offshore wind generation surged 23.1% to 4,310 GWh following new capacity additions. Solar photovoltaic production rose 4.8% to 4,039 GWh, while onshore wind maintained steady output at 21,709 GWh, it stated.Production in the UK jumped 27.3% to 4,310 GWh on strong onshore and offshore wind performance, while US output grew 6.1% to 13,891 GWh, and other international markets grew 11.5%. Meanwhile, output in Spain held steady at 32,732 GWh.Additionally, Iberdrola also reported the acquisition of Caruna, Finland's largest electricity distribution company, in a deal valued at 5 billion euros.

Research4d ago

Cantor Fitzgerald Initiates Generac Holdings at Overweight With $325 Price Target

Generac Holdings (GNRC) has an average rating of overweight and mean price target of $295.86, 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)

$GNRC

Asia4d ago

Horizon Robotics Grants AI Model Access to Volkswagen for Driving Solution Development

Horizon Robotics (HKG:9660) signed an agreement with Volkswagen's CARIZON to grant the latter white-box access to its AI foundation model, according to a Wednesday release by Volkswagen Group China.Access to the technology will allow Volkswagen to accelerate the development of its AI driving solutions, in particular the L3 and L4 automated driving technologies.L3 capability deliveries are expected to start from the second half of 2027."By combining leading AI capabilities with our engineering expertise, we are creating technologies that delight our customers, reinforce our competitiveness in China, and open up new opportunities in selected international markets," Volkswagen Group CEO Oliver Blume said.

HKG:9660

Asia4d ago

Hyundai Rotem Says Iraq K2 Tank Export Talks Remain Unconfirmed

Hyundai Rotem (KRX:064350) is currently engaging in sales activities with several countries to diversify its defense export markets and explore opportunities for K2 tank exports, but no specific details have been confirmed yet, according to a Wednesday filing with the Korea Exchange.The statement was issued in response to a news report by AsiaToday on Sept. 26, 2025, that Iraq had shown interest in the K2 tank. The company will provide an update once the matter is confirmed or within six months, the filing said.Shares of Hyundai Rotem rose nearly 2% at market close.

KRX:064350

Asia4d ago

Adani Green Energy Names Chief People Officer; Shares Plummet 5%

Adani Green Energy (NSE:ADANIGREEN, BOM:541450) appointed Poly Singh Arora as chief people officer, according to a Wednesday filing on Indian bourses.Shares of the company fell nearly 5% at market close on Wednesday.

BOM:541450NSE:ADANIGREEN

Asia4d ago

Juroku Financial Group Raises Full-Year Profit, Dividend Forecasts

Juroku Financial (TYO:7380) raised its full-year forecast for attributable profit to 30 billion yen from 28 billion yen, while basic earnings per share were adjusted to 169.39 yen from 158.09 yen.The commercial bank also lifted its ordinary profit forecast for its year ending March 31, 2027 to 44 billion yen from 41 billion yen, according to a bourse filing on Wednesday.For the first half, the company raised its profit attributable to owners of the parent forecast to 14.5 billion yen from 13.7 billion yen, with EPS rising to 81.87 yen from 77.35 yen.Ordinary profit estimates were adjusted to 21 billion yen from 20 billion yen for the six months ending Sept. 30.The upward revisions were driven by net interest income expected to exceed previous forecasts, primarily at its subsidiary The Juroku Bank.As a result, the company increased its year-end dividend forecast by 3 yen to 28 yen per share, bringing the total annual dividend to 53 yen per share.

TYO:7380

Commodities4d ago

Market Chatter: Russia Boosts Belarus Fuel Imports, Diverts Supplies to Moscow

Russia has increased its fuel imports from Belarus and is diverting supplies to Siberia to avoid shortages in Moscow region amid strikes on its energy infrastructure by Ukrainian forces, Reuters reported Tuesday, citing industry sources.The country has been grappling with fuel shortages of varying severity across its 11 time zones since May as Ukraine ramped up its attacks on Russian oil refineries to hurt the latter's war efforts.Overall, gasoline output in the country is down to about 65% of average early July consumption, with supplies in the Russian capital and the wider Moscow region stable as of mid-July, the report said, citing regional fuel traders.The Moscow region, which accounts for over one-sixth of Russia's country's total population at 22 million, consumes about 6 million tons of gasoline annually.The region, home to the country's political and cultural elite, has been prioritized when it comes to supply allocation for various goods, the report said.has reached out to the Russian Energy Ministry 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.)

Mining & Metals4d ago

Bombardier Signs Services Support Agreement with Swedish Armed Forces

Bombardier (BBD-B.TO) has signed a 10-year services support agreement with the Swedish Defence Materiel Administration on behalf of the Swedish Armed Forces for two new Global 6500 aircraft, the company said Wednesday.The agreement is part of the Swedish organization's fleet modernization program. The aircraft will be used for a multi-role mission that includes head of state transport.The aircraft are enrolled in Bombardier's Smart Services Defense program, which includes cost coverage for parts, engineering services and technical assistance.

$BBD-B.TO

Asia4d ago

Topoint Technology's Net Profit Balloons 217% in June

Topoint Technology's (TPE:8021) net profit attributable to shareholders rocketed 217% to NT$108.9 million in June, with earnings per share of NT$0.74.June revenue also surged 90.1% year over year to NT$680.6 million, according to a Wednesday Taiwan Exchange filing.

TPE:8021

Asia4d ago

Chow Tai Fook Jewellery Lowers Conversion Price of Bonds After Dividend Declaration

Chow Tai Fook Jewellery (HKG:1929) reduced the conversion price of certain convertible bonds following the declaration of a final dividend for the year ended March 31.The conversion price for the HK$8.8 billion 0.375% bonds maturing in 2030 was cut to HK$16.01 apiece from HK$16.66 per share, effective Aug. 8, according to a Wednesday Hong Kong bourse filing by the jewelry company.Following adjustment, the maximum number of Hong Kong-listed shares on full conversion will be nearly 549.7 million shares.

HKG:1929

Asia4d ago

shopper360 Forecasts Profit in Fiscal 2026

shopper360 (SGX:1F0) is expecting to book a profit for the fiscal year ended May 31, compared to a loss after tax a year earlier, according to a Wednesday filing with the Singapore Exchange.The company has attributed this to the absence of a fair value loss for financial asset and lower share of loss of associated companies, along with improvement in performance.The shopper marketing expert group will release its results by July 30.

SGX:1F0

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