Financial News · Live Terminal

Page 985 of 3264

Guan Chao Unit Signs E-Commerce MOU for Smart AI Massage Comb Franchise

Guan Chao (HKG:1872) said its Shenzhen Groland Health Technology unit signed a memorandum of understanding with Hangzhou Huashen Network Technology to market and sell its AI scalp massage comb and related products in China, according to a Tuesday Hong Kong bourse filing.The companies plan to collaborate on e-commerce operations across Douyin and Tmall, including livestreaming, influencer marketing, content creation, and brand promotion.The partnership targets a gross merchandise value of 20 million yuan in 2026 and 100 million yuan in 2027.Shares of Guan Chao were down nearly 3% in Wednesday afternoon trade.

HKG:1872

Asia39d ago

Korean Insurers Tighten Risk Controls Amid Growing Caution on Alternative Investments, S&P Says

Korean insurers are maintaining stricter risk management controls amid growing wariness of overseas alternative investments, including private credit funds and real estate funds, S&P Global Ratings said Wednesday.The assets seem to post reduced risk-adjusted returns that do not meet insurers' expectations, S&P said.Insurers are now honing in on highly rated bonds and fixed-income securities as domestic bond yields increase, the rating agency said.The rating agency views controlled exposure to riskier overseas private credit and real estate funds for Korean insurers.Rated insurers will endure stress linked to these assets at their present rating, but an ensuing shock will hit profitability, according to S&P.

^KOSDAQKOSPI

Asia39d ago

Mabwell Gets China Nod for Hematological Malignancy Drug Trial

Mabwell (Shanghai) Bioscience (HKG:2493, SHA:688062) obtained approval for a clinical trial of 6MW5311 for Injection from China's National Medical Products Administration, according to a Wednesday Hong Kong bourse filing.The trial will test the drug for indications of hematological malignancies, including acute myeloid leukemia, chronic myelomonocytic leukemia, and multiple myeloma.

HKG:2493SHA:688062

Commodities39d ago

European Power Utilities Boost Focus on Transmission Investment, Storage in H1: WoodMac

European utilities have increased focus on transmission and network expansion, Wood Mackenzie said on Tuesday in a review of H1 2026, with most of the 9% increase in capital investment among the largest firms, dedicated to this.The researcher expects this trend to persist for the full year, with the capital expenditure reflecting regulatory support for investment in networks in several places as well as growing opportunities in energy storage.WoodMac notes a retreat in low-carbon technology spending among oil and gas majors, with BP (BP) having made a highly-publicized strategic shift focused more squarely on fossil fuels.With the British company's offshore wind assets housed in the Jera Nex BP joint venture and Lightsource currently undergoing a strategic view, it is feasible that the company could exit renewables entirely by the end of the year, the report said.Equinor (EQNR) and Shell (SHEL) have also been observed cutting back their commitments to low-carbon energy, favoring investments in upstream oil, Wood Mackenzie said.Regarding TotalEnergies (TTE), Eni (E) and Repsol, the report notes that each has reduced their investment budget but maintained their strategic path overall.Another trend is the prominence of investments in flexible generation and energy storage, with the most notable move that of TotalEnergies's 50% acquisition of an EPH-owned portfolio in November for 5.1 billion euros ($5.8 billion), paid in stocks.Elsewhere Enel has increased its battery energy storage targets while RWE is planning more gas capacity in Germany and preparing for more gas-fired power generation growth in the US.Expectations have grown that thermal generation will retain a larger share for longer in the power mix, especially in the US, to maintain supply flexibility.Renewables remain at the core of investment plans for most power utilities, with resilience seen in onshore wind and solar despite regulatory uncertainty and grid bottlenecks that make the power harder to deliver.Other constraints include a saturated supply chain, higher interest rates and a trend of increased curtailment.RWE is notably expected to overtake Denmark's Orsted as the global leader in offshore wind, after it clinched large contracts in the UK's AR7 auction, giving it an estimated 12 gigawatt pipeline of projects versus its Danish rival's 10 GW.

$BP$E$EQNR$SHEL$TTE

Asia39d ago

Low-Rate Regime Raises Chinese Insurers' Market Risk Exposure, S&P Says

Chinese insurers will become more sensitive to market volatility as they face reduced returns due to low interest rates, S&P Global Ratings said Wednesday.Insurers turn to high-risk assets amid a low-rate regime, S&P said.Pressure is greater for life insurers, as dampened reinvestment yields lead to narrower spreads and rising asset-liability management constraints, the rating agency said.Property and casualty insurers are also exposed given their earnings' dependence on investment income to pump up underwriting results, according to S&P.The rating agency still views small monetary policy shifts in the next six months.

Shanghai Composite^SZSE

Asia39d ago

Cathay Pacific Airways Passenger Count Climbs 17% in May; Shares Jump 3%

Cathay Pacific Airways (HKG:0293) carried about 2.7 million passengers in May, up 17% from a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the airline were up nearly 3% in Wednesday afternoon trading.Passenger capacity rose about 10% year over year to 12.7 billion available seat kilometers.Cargo carried increased 11% to 150.1 million kilograms, while cargo capacity edged up 6.1% to 1.31 billion available freight-tonne kilometers.Subsidiary HK Express carried 674,397 passengers in the month, up 4.8% from the year-ago period, while its passenger capacity grew 4% to 1.63 billion available seat kilometers.

HKG:0293

Asia39d ago

Jarden Research Adjusts Reliance Worldwide's Price Target to AU$4.10 from AU$4, Keeps at Overweight

Reliance Worldwide (ASX:RWC) has an average rating of overweight and mean price target of AU$4.27, 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)

ASX:RWC

Commodities39d ago

NWS Warns of Severe Weather, Floods in Central US; Dangerous Heat in Southern, Western US

The US National Weather Service on Wednesday said parts of central US are expected to experience multiple rounds of thunderstorms, with risks of persistent severe weather and flooding threats over the next two days.Dangerous heat is forecast in southern and western US through mid-week, while fire weather concerns are likely in the Intermountain West due to hot and dry conditions and dry thunderstorms, the agency said.The NWS early Wednesday issued a red flag warning for Colorado's Leadville, Buena Vista, Saguache, Salida, Alamosa, San Luis, and Fairplay. A severe thunder storm warning was raised for Limon, Colorado Springs, and areas near Trinidad, La Junta, and Pueblo. Pueblo and Colorado Springs were also placed under a flash flood warning watch, along with areas near La Veta Pass and Trinidad. Trinidad was also listed under a tornado warning alert.Xcel Energy (XEL) and Black Hills (BKH) unit Black Hills Energy are the primary electricity service providers in Colorado.In California, a red flag warning was raised for Baker, Barstow, Victorville, Twenty-Nine Palms, and areas near Wrighthood and Big Bear Lake, while an extreme heat warning was issued for Borrego Springs, Julian, Mount Laguna, Blythe and El Centro Imperial. These places are primarily served by Edison International's (EIX) Southern California Edison and Sempra Energy (SRE) unit San Diego Gas & Electric.An extreme heat warning was issued for Arizona's Parker, Yuma, Phoenix, Globe, Tucson, Nogales, San Carlos, Safford, Oracle, Oro Valley, Benson, Green Valley, Sierra Vista, Bisbee, and Wickenburg. Pinnacle West Capital (PNW) unit Arizona Public Service Company, and UNS Energy subsidiaries Unisource and Tucson Electric Power are the major electric utility providers in Arizona.The NWS issued a flood warning for Louisiana's Lake Charles, Jennings, Oberlin, Glenmora, Markleeville, Ville Platte, Opelousas, and areas bordering Mississippi and Arkansas. Entergy's (ETR) Louisiana unit, American Electric Power's (AEP) Southwestern Electric Power Company, and Cleco are among the major service providers in Louisiana.In Texas, a similar warning was raised for George West, Beaumont, Bryan, and Lufkin. These places are majorly served by the Texas units of American Electric Power and Entergy, and Centrepoint Energy (CNP).Affected areas in Illinois include Olney, Champaign, Decatur, Peru, Peoria, Pekin, Havana, Canton, Macomb, Jacksonville, Ottawa, and areas bordering Indiana and Missouri. Ameren's (AEE) Illinois unit and Exelon (EXC) subsidiary ComEd are among the major service providers in Illinois.Mississippi's Hattiesburg, Gulfport, Vicksburg, Brookhaven, Jackson, and areas near Meridian, primarily served by Southern Company (SO) unit Mississippi Power, were also placed under a flood warning watch.The NWS also issued flood warnings for Pensacola and DeFuniak Springs in Florida, where NextEra Energy (NEE) unit Florida Power & Light Company is the primary service provider; and Demopolis and Monroeville in Alabama, primarily served by Southern Company unit Alabama Power.Flood warnings were also issued for parts of Washington, Indiana, Arkansas, Kansas, Nebraska, Iowa, and Oklahoma.

$AEE$AEP$BKH$CNP$EIX$ETR$EXC$NEE$PNW$SO$SRE$XEL

Asia39d ago

Jefferies Adjusts Billionbrains Garage Ventures' Price Target to INR230 From INR225, Keeps at Buy

Billionbrains Garage Ventures (NSE:GROWW, BOM:544603) has an average rating of overweight and mean price target of 216.11 Indian rupees, 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)

BOM:544603NSE:GROWW

Asia39d ago

Nomura Adjusts Anant Raj's Price Target to INR650 From INR700, Keeps at Buy

BOM:515055NSE:ANANTRAJ

Asia39d ago

Hong Kong Finance Group to Lend Further HK$15 Million to Prior Borrowers

Hong Kong Finance Group (HKG:1273) said it agreed to lend a further HK$15 million to four customers, according to a Wednesday filing with the Hong Kong bourse.The firm had previously lent HK$23 million to the borrowers, and the new loan will be used to settle HK$15 million of the prior borrowings.The new loan accrues interest at 17.4% per annum and is secured by a second mortgage loan over two residential and one commercial property in Hong Kong.

HKG:1273

Commodities39d ago

Asia Biofuels Update: Palm Oil Dips on Weaker Crude Oil, Soybean Oil

Malaysian palm oil futures slipped further on Wednesday, tracking losses in crude oil and rival soybean oil, despite strong exports, the prospect that unfavorable weather could limit supply and the start of Indonesia's B50 biodiesel mandate next week.The Bursa Malaysia Derivatives' July crude palm oil contract fell 0.24% to 4,589 Malaysian ringgit ($1,105.52) per metric ton. The August crude palm oil contract dipped 0.17% to 4,620 ringgit/mt.Prices declined despite a reported 19.1% to 25% month-over-month increase in Malaysian shipments for the first 20 days of June, as per the latest cargo estimates.A strengthening local currency dampened competitiveness of exports, making cargoes more expensive for foreign buyers. The Malaysian ringgit firmed by a further 0.04% against the US dollar on Wednesday.Malaysia's export market, nonetheless, may find support from Indonesia's expanding biodiesel policy, which will curb exportable supplies.The Indonesian government is set to raise its palm-based biodiesel blending to 50% from 40%, to reduce reliance on imported fuel. The energy ministry, as cited by multiple media outlets, expects to save 157.28 trillion Indonesian rupiah ($8.76 billion) in foreign exchange this year due to lower fuel imports.In Malaysia, the government is planning to increase its biodiesel mandate to 30% by 2030, following a shift to 15% from 10% this month, multiple media outlets reported, citing the Ministry of Plantation and Commodities.The ministry reportedly does not expect B30 to affect Malaysia's exportable volumes, given that the higher blending ratio will just consume about 1.6 million metric tons per year of palm oil, or 7% of the country's total supply.Malaysia's palm oil industry is export-driven, with around 15.3 mmt allocated to export markets, out of the total 22.8 mmt of domestic production, stocks, and imports, according to the ministry.

Asia39d ago

East Coast Furnitech Completes THB1.26 Billion Capital Increase

East Coast Furnitech (BKK:ECF) completed the registration of a previously approved capital increase with Thailand's Department of Business Development on Wednesday, according to a same-day filing.The furniture manufacturer's registered capital increased by 1.26 billion baht to 9.09 billion baht through the issuance of up to 251.6 million new shares, it said.

BKK:ECF

Asia39d ago

China Dongxiang Swings to Full-Year Loss

China Dongxiang (Group) (HKG:3818) recorded an attributable loss of 158 million yuan for the year ended March 31, compared with a profit of 207 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Loss per share was 0.0269 yuan, compared with earnings per share of 0.0353 yuan in the previous fiscal year.The sport-related apparel and footwear company's revenue climbed 2.1% year over year to 1.72 billion yuan from 1.68 billion yuan.

HKG:3818

Asia39d ago

Delhivery Partners Bajaj Auto to Deploy Electric Three-Wheelers for Last-Mile Network

Delhivery (NSE:DELHIVERY, BOM:543529) and Bajaj Auto Ltd. (NSE:BAJAJ-AUTO, BOM:532977) have partnered to deploy 200 Bajaj RIKI eCart electric three-wheelers across Delhivery's last-mile delivery network, expanding electrification into Tier-2 and Tier-3 cities.The rollout marks the first phase of the partnership, with plans to scale up to about 1,500 electric three-wheelers during 2026-2027, according to an Indian bourse filing on Tuesday.Delhivery said the vehicles will be integrated with its route optimization systems to improve delivery efficiency and lower operating costs for partners.Delhivery shares slipped over 1% while Bajaj Auto fell over 2% in Wednesday's trade.

BOM:532977BOM:543529NSE:BAJAJ-AUTONSE:DELHIVERY

Asia39d ago

PRG Appoints PKF to Conduct Independent Probe Into Property Unit Transactions

PRG (KLSE:PRG) appointed PKF to review deals between its unit Premier Construction International, and Premier De Muara, according to a Wednesday Malaysian bourse filing.According to earlier filings, PRG sought the review after terminating a proposed debt settlement agreement and raising concerns over related-party disclosures involving Premier De Muara.PKF will review and then submit the report to company's board.

KLSE:PRG

Asia39d ago

Market Chatter: Tencent Said to Weigh Marvelous Stake Sale in Portfolio Review

Tencent (HKG:0700) is reviewing a number of its game studio investments in Japan and exploring exits from some holdings, including Marvelous (TYO:7844), Bloomberg News reported, citing people familiar with the matter.The Chinese technology company is evaluating minority stakes across its gaming portfolio and, in some cases, may sell holdings back to management teams, the report said.It is reportedly reviewing investments based on factors including strategic fit and whether expected business synergies remain intact."Video games are core to Tencent's business," the company said in a statement to."We remain fully committed to working with our investees and maintaining our strong presence in the Japanese game market over the long term," it added.Marvelous did not immediately respond to a 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.)

HKG:0700TYO:7844

Insider Trading39d ago

Spyre Therapeutics Insider Sold Shares Worth $2,000,000, According to a Recent SEC Filing

Michael Thomas Henderson, Director, on June 22, 2026, sold 20,000 shares in Spyre Therapeutics (SYRE) for $2,000,000. Following the Form 4 filing with the SEC, Henderson has control over a total of 68,606 common shares of the company, with 68,606 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1636282/000163628226000084/xslF345X05/wk-form4_1782264740.xml

$SYRE

Asia39d ago

Everest Medicines to Commercialize Hainan Herui's Budesonide Capsules in Mainland China

Everest Medicines (HKG:1952) entered into a commercialization agreement with Hainan Herui Pharmaceutical for budesonide enteric capsules, according to a Wednesday Hong Kong bourse filing.Under the agreement, Everest will commercialize the product in mainland China and provide technical guidance and quality oversight for Hainan Herui's manufacturing and supply processes.

HKG:1952

Insider Trading39d ago

Hyatt Hotels Insider Sold Shares Worth $23,871,818, According to a Recent SEC Filing

Mark Samuel Hoplamazian, Director, Chairman, President and Chief Executive Officer, on June 18, 2026, sold 120,000 shares in Hyatt Hotels (H) for $23,871,818. Following the Form 4 filing with the SEC, Hoplamazian has control over a total of 356,089 Class A common shares of the company, with 356,089 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1468174/000133198326000008/xslF345X05/wk-form4_1782253285.xml

Showing 19681-19700 of 65264

Commodities39d ago

NWS Warns of Severe Weather, Floods in Central US; Dangerous Heat in Southern, Western US

$AEE$AEP$BKH$CNP$EIX$ETR$EXC$NEE$PNW$SO$SRE$XEL