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Page 982 of 3264

Greentown Service Grants 9.6 Million Share Options

Greentown Service (HKG:2869) granted a little over 9.6 million share options to senior management members and employees of the company, according to a Wednesday Hong Kong bourse filing.The options are exercisable into the same number of shares in the residential property manager at HK$4.328 apiece until June 23, 2036.Of the total, 232,000 options were granted to Chief Financial Officer Zhang Lingbo.The company now has over 223.1 million options available for future grant under a 2023 incentive scheme.

HKG:2869

Asia39d ago

Info Edge (India) to Invest INR400 Million in Startup Investments Holding via CCD Subscription

Info Edge (India) (NSE:NAUKRI, BOM:532777) has agreed to invest about 400 million rupees in its wholly owned subsidiary Startup Investments (Holding) through the subscription of compulsorily convertible debentures (CCDs).The company will acquire around 1.9 million CCDs at an issue price of 214.10 rupees each, according to a stock exchange filing on Wednesday.The investment is intended to support SIHL's participation in investment opportunities, including contributions to alternative investment funds (AIFs). Startup Investments will continue to remain a wholly owned subsidiary of Info Edge.

BOM:532777NSE:NAUKRI

Asia39d ago

Delton Technology to Pay Final Dividend on July 16

Delton Technology (HKG:1989, SHE:001389) will pay a final dividend of 6.46 yuan per 10 shares to shareholders on July 16, according to a Wednesday Hong Kong bourse filing.The record date is June 30, the printed circuit boards maker said.

HKG:1989SHE:001389

Asia39d ago

360 Security Technology Controlling Shareholder to Sell 56 Million Shares for Tax Payment

360 Security Technology (SHA:601360) controlling shareholder Tianjin Qixin Zhicheng Technology plans to offload more than 56.0 million shares, or 0.8% of total equity, via centralized bidding between July 15 and Oct. 14.The share reduction aims to cover tax obligations stemming from the shareholder's ongoing dissolution and liquidation, according to a Wednesday filing with the Shanghai bourse.Shares of the internet advertising company closed 4% lower Wednesday.

SHA:601360

Commodities39d ago

Adani to Invest $21 Billion in India, Targets 45 GW Capacity in Five Years

Indian conglomerate Adani Group will invest more than 2 trillion Indian rupees ($21.11 billion) through subsidiary Adani Power to increase its domestic generation capacity to 45 gigawatts in five years, Chairman Gautam Adani said on Wednesday.The group is targeting generation of 10 GW nuclear power through Adani Atomic Energy and has identified land for its entry into nuclear energy space, it announced at its AGM.Adani said it is collaborating with Bhutan's government owned-Druk Green Power Corporation for the development of 5,000 megawatts of hydropower projects in Bhutan."At Adani Total Gas, we accelerated and crossed the significant milestone of over 1.1 million piped natural gas home connections. Given the current geopolitical situation, we are further ramping up our PNG projects to meet India's rising demand for more accessible gas," Adani said.

Asia39d ago

Federal Bank Allots Shares Under Employee Stock Option Schemes

Federal Bank (NSE:FEDERALBNK, BOM:500469) has allotted a total of 450,675 equity shares following the exercise of stock options under its ESOS 2010, ESOS 2017 and ESOS 2023 schemes.The allotments were made to eligible option grantees after receipt of the exercise money across the respective schemes, according to a stock exchange filing on Wednesday.

BOM:500469NSE:FEDERALBNK

Mining & Metals39d ago

Silvercorp Metals Reports Updated Technical Report for Gaocheng Mine

Silvercorp Metals (SVM.TO) on Tuesday reported an updated technical report for the Gaocheng silver-lead-zinc mine in China.Estimated measured and indicated mineral resources were 18.3 million tonnes grading 65 grams per tonne silver, 0.91% lead and 2.24% zinc, containing 38.3 million ounces silver, 167,000 tonnes lead and 408,000 tonnes zinc.Measured and indicated resource tonnes rose 59% from the 2024 technical report, while contained metal increased 23% for silver, 24% for lead and 25% for zinc.Estimated proven and probable mineral reserves were 6.2 Mt grading 63 g/t silver, 0.91% lead and 2.23% zinc, containing 12.5 Moz silver, 56,000 tonnes lead and 138,000 tonnes zinc.Proven and probable mineral reserves tonnes increased 25%. Changes in total contained metal were -4% for silver, -7% for lead and -2% for zinc.Estimated inferred resources were 7.36 Mt grading 75 g/t silver, 0.84% lead and 1.91% zinc, containing 17.7 Moz silver, 62,000 tonnes lead and 140,000 tonnes zinc. Inferred tonnes fell 23% and contained metal decreased by 32% for silver, 47% for lead and 40% for zinc.At an 8% discount rate, the mine has a projected post-tax NPV5 of C$101.4 million, with a post-tax NPV5 attributable to Silvercorp of C$100.3 million for a 99% interest.

$SVM.TO

Asia39d ago

Singapore Shares Extend Gains as US-Iran Negotiate Peace Framework;

Singapore shares remained in the green on Wednesday as investors assessed the details of peace negotiations between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,198.65 and 5,232.19 throughout the day. It ended the session at 5,215.99, up 10.25 points or 0.2% compared to Tuesday's close.On the corporate front, shares of TrickleStar (SGX:CYW) were up nearly 3% at the close as it issued and allotted 678,243 new shares pursuant to awards vested under its performance share plan.Singtel's (SGX:Z74) shares closed over 1% higher as its Australian subsidiary, Singtel Optus, priced SG$200 million of 10-year fixed-rate bonds.Meanwhile, Ho Bee Land (SGX:H13) priced SG$150 million worth of 3.30% fixed rate green bonds due on June 30, 2031.

^STISGX:CYWSGX:H13SGX:Z74

Asia39d ago

Hindustan Copper Receives Forest Clearance for Chandmari Mine Lease in Rajasthan

Hindustan Copper (NSE:HINDCOPPER, BOM:513599) said the Forest Department of the Government of Rajasthan has issued forest clearance co-terminus to Chandmari copper mine lease period in Jhunjhunu district of Rajasthan, according to a stock exchange filing on Wednesday.Shares of the company fell nearly 1% in recent trade.

BOM:513599NSE:HINDCOPPER

Asia39d ago

Malaysian Shares Rebound on US-Iran Peace Progress; Malton's Shares Rally 17%

Malaysian shares ended in the green on Wednesday, erasing losses of the previous sessions. Investor sentiment rebounded as the US and Iran negotiated a peace framework, including the establishment of a communication line to avoid incidents.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 2.21 points to end 0.1% higher at 1,682.13.In corporate news, shares of Malton (KLSE:MALTON) jumped over 17% on today's close after it signed a memorandum of understanding with Ricloud, an NVIDIA Cloud Partner, to explore the development and promotion of AI compute centers in MalaysiaShares of PRG (KLSE:PRG) rose about 6% on close after it appointed PKF to review deals between its unit Premier Construction International, and Premier De Muara. PRG sought the review after terminating a proposed debt settlement agreement and raising concerns over related-party disclosures involving Premier De Muara.Shares of Aemulus (KLSE:AEMULUS) gained over 4% on Wednesday's close after it completed the acquisition of intellectual property, technology and roadmap related to CMOS image sensor (CIS) and light source, valued at 32.5 million yuan.

FTSE Bursa Malaysia KLCIKLSE:AEMULUSKLSE:MALTONKLSE:PRG

Asia39d ago

Zhangzhou Pientzehuang Pharmaceutical Enrolls First Patient in Phase Three Drug Trial

Zhangzhou Pientzehuang Pharmaceutical (SHA:600436) said it enrolled the first participant in the third phase trial of Changji'an capsules for diarrhea-predominant irritable bowel syndrome with liver-qi invading spleen pattern.The multi-center, double-blind, placebo-controlled study targets an eight-week stool consistency response rate as its primary endpoint, according to a Wednesday filing with the Shanghai bourse.Shares of the drug company closed 3% lower Wednesday.

SHA:600436

Commodities39d ago

UK Climate Watchdog Warns Slow Electrification is Leading to Higher Household Energy Bills

Britain's Climate Change Committee has urged the government to accelerate its transition towards clean energy, warning that slow progress in electrification is leaving households exposed to rising energy costs, despite remarkable gains being made in renewable energy deployment and electric vehicle adoption.In its report published on Wednesday, the committee noted that electrification had slowed, with heat pump installations in existing homes up just 7% in 2025, compared to 56% a year ago.Even the share of electricity in industrial energy consumption declined slightly, it said, while noting that overall emissions had declined 1.8% in 2025, with record new renewable energy projects being contracted.The committee warned that the slower pace of electrification is increasing households' exposure to fossil fuel price volatility and could jeopardize future emissions targets unless the government adopts a more ambitious strategy.It further added that households could save as much as 1,200 British Pounds ($1,582) annually by combining the use of EVs, heat pumps, solar panels, "and a time-of-use tariff," where power costs vary based on the time of day, rising to 1,900 pounds for rural households."The transition to clean electricity is not happening fast enough," CCC Chair Nigel Topping said. "Government support to accelerate the shift to electric vehicles and heat pumps is critical, not only to keep our climate targets within reach but to unlock savings."

Commodities39d ago

US Supreme Court Ruling Helps Exxon Mobil Compensation Fight Over Assets Seized by Cuba

A US Supreme Court ruling on Tuesday will make simpler for US companies whose assets were expropriated by the Cuban government to sue it for compensation, Reuters reported.In a 6-3 vote, the apex court decided that the Foreign Sovereign Immunities Act does not apply to the $1 billion litigation brought by Exxon Mobil (XOM) against Cuba's state-owned Corporacion Cimex under the Helms-Burton Act.The court reversed a judgement on the same case by the US Court of Appeals for the DC Circuit in 2024 that required Exxon to prove its lawsuit fell within one of Foreign Sovereign Immunities Act exceptions.Exxon alleges Cimex is unlawfully using "refinery, terminals, plants, and service station" that belonged to Exxon predecessor Standard Oil, before they were seized after the island's Communist Revolution.has contacted Exxon Mobil seeking further comment.

US Markets39d ago

Japan Central Bank Chief Flags 2% Inflation Target Risk

Japan's central bank expects inflation to exceed its target of 2% as higher crude oil prices drive energy and goods prices upward, Governor Kazuo Ueda said in prepared remarks read by Deputy Governor Ryozo Himino on Wednesday.Himino delivered Ueda's remarks as the governor was previously hospitalized for an infected liver cyst, also missing the policy meeting for June."Given that the underlying inflation rate is approaching 2% and the current monetary environment is accommodative, we believe that we will continue to raise the policy interest rate and adjust the degree of monetary easing in accordance with economic, price, and financial conditions," Ueda said in his prepared speech to the National Shinkin Bank Convention.Ueda said the recent increase in the benchmark interest rate to 1% is "appropriate" and that the central bank will continue to "firmly support economic activity."The timing of the adjustments will depend on the impact of the Middle East conflict on the Japanese economy, according to the central bank governor.Board members at the Bank of Japan earlier warned that increasing crude oil prices could spill over to midstream business-to-business prices and hurt consumer items.Japan's annual headline inflation rose to 1.5% in May from 1.4% in April, while core inflation, which strips out volatile items, held steady at 1.4%."Government measures have the effect of influencing households' perceived inflation by adjusting the price levels of specific goods and services," according to the June minutes.Ueda also reiterated the central bank's plan to shrink its purchases of Japanese government bonds to 2 trillion yen starting April 2027.In his speech, Ueda also touched on the sophistication of cyberattacks, adding that Japan has to take artificial intelligence advancements into consideration to support varying financial service needs.

Nikkei 225

Research39d ago

Wells Fargo Upgrades Invitation Homes to Overweight From Equalweight, Adjusts PT to $33 From $31

Invitation Homes (INVH) has an average rating of overweight and mean price target of $31.82, 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)

$INVH

Asia39d ago

Advance Residence Investment Sells RESIDIA Tokugawa for 973 Million Yen, Booking 311 Million Yen Gain

Advance Residence Investment (TYO:3269) through its asset manager Itochu REIT Management, has decided to dispose of the RESIDIA Tokugawa property for 973 million yen, effective July 7.The sale price exceeds the book value of 661 million yen, generating an estimated gain of approximately 311 million yen, or 273 million yen after associated costs, according to a Tokyo bourse filing on Wednesday.The buyer is MIRAI Asset, with a broker involved in the transaction.Proceeds from the sale will be used for future property acquisitions, debt repayment, and other initiatives to enhance unitholder returns, as part of the REIT's strategy to optimize capital efficiency.

TYO:3269

US Markets39d ago

Ifo: German Business Climate Improves in June amid Hopes of Easing Middle East Tensions

Business sentiment in Germany improved in June, with local companies becoming "less uncertain" over the current business environment amid hopes of easing geopolitical tensions in the Middle East.The ifo business climate index edged up to 85.6 points from the revised 85 points in May, data from the economic research institute showed Wednesday. The latest reading was in line with market forecasts.The current situation index came in at 87 points, up from the previous month's 86.1 points and the Investing.com consensus estimate of 86 points. The expectations indicator, which gauges companies' projections for the next six months, rose to 84.1 points from the revised 83.9 points earlier, against the expected 85 points."Interestingly, not only expectations but also the current assessment component improved in June. However, before getting overly enthusiastic, even with today's increase the Ifo index still remains below its pre-war level," ING said in a note. "Somehow, the German - and indeed the wider European - economy remains in a kind of twilight zone. Hard data will continue to show the fallout from the war in the Middle East and soaring energy prices, while soft data such as this morning's Ifo index, points to a return of optimism."Ifo said sentiment among companies in the services industry improved, with the indicator rising to -5.1 points from -6.9 points, supported by a continued recovery in the transport and logistics sector.The construction and trade industries also saw an improvement in business sentiment to -23.1 points and -26.7 points, respectively, from -24.1 points and -30 points amid less pessimistic expectations over the coming months.In the manufacturing sector, the business climate index climbed to -12.8 points from -14.7 points. Companies' assessment of their current business situation turned slightly negative while expectations improved.

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Research39d ago

Okasan Securities Downgrades NTT Inc. to Neutral from Buy; Price Target is 150 Yen

NTT Inc. (TYO:9432) has an average rating of overweight and mean price target of 173.69 yen, 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)

TYO:9432

Asia39d ago

LTM Joins Chainguard-Led Athena Coalition to Strengthen Open Source Security

LTM (NSE:LTM, BOM:540005) has joined Athena, an industry coalition led by Chainguard focused on improving the security of open source software against artificial intelligence-driven vulnerabilities.The coalition supports end-to-end vulnerability management, including detection, analysis, patching, mitigation and upstream fixes, according to an Indian bourse filing on Wednesday.Shares of the company rose over 1% in recent trade.

BOM:540005NSE:LTM

Mining & Metals39d ago

Dye & Durham CEO Steps Down

Dye & Durham (DND.TO) on Tuesday said its chief executive officer and board director, George Tsivin, has stepped down, effective immediately.A sub-committee of the board, called the Transformation Committee, will assume the responsibilities of the office of the CEO in the interim, the legal practice management software provider said. The board has begun a search for a permanent CEO.

$DND.TO

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US Markets39d ago

Ifo: German Business Climate Improves in June amid Hopes of Easing Middle East Tensions

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