FINWIRES · TerminalFinancial News · Live TerminalLIVE

Financial News · Live Terminal

Page 991 of 3264

Showing 19801-19820 of 65262

Novonix Shareholder Bank of New York Mellon Reduces Stake

Novonix (ASX:NVX) shareholder Bank of New York Mellon cut its stake in the company to about 129.3 million shares, or 13.04% voting power, according to a Wednesday filing with the Australian bourse.Bank of New York Mellon previously held about 135.9 million shares, representing voting power of 15.79%.Novonix shares fell 3% in recent Wednesday trade, hitting an all-time low.

4DMedical Says JPMorgan Chase Acquires 5.27% Stake

4DMedical (ASX:4DX) said JPMorgan Chase and its affiliates acquired voting power of 5.27% in the firm as of June 19, becoming a substantial holder, according to a Wednesday Australian bourse filing.JPMorgan Chase now holds 31.4 million ordinary shares of the firm.

Wipro Partners with Palo Alto Networks to Offer AI-Powered Cyber Defense Services

Indian technology major Wipro (NSE:WIPRO, BOM:507685) has partnered with US-based AI cybersecurity company Palo Alto Networks to offer AI-driven managed detection and response (MDR) services, according to a Tuesday filing to the Indian stock exchanges.The partnership brings together Palo Alto Networks' Cortex XSIAM platform and Wipro's managed security services CyberShield to focus on offering modern security operations.The new offering will deliver proactive cyber defense with simplified workflows using machine learning, AI, and automation to predict and protect against future attacks.The two companies already work together on cloud, network, and security transformation.

BOM:507685NSE:WIPRO

Fitch Affirms United Overseas Bank's Thai Subsidiary at A- Rating with Negative Outlook

Fitch Ratings affirmed United Overseas Bank (SGX:U11) subsidiary United Overseas Bank (Thai) Public Company Limited's long-term issuer default rating (IDR) at A-, with a negative outlook.Fitch Ratings Thailand also affirmed the company's national long-term rating at AAA(tha) with a stable outlook, and the bank's shareholder support rating (SSR) at a-, viability rating (VR) at bbb-, and short-term IDR at F1, according to a Wednesday commentary.The ratings and stable outlook reflect the rating agency's expectation that the company will continue to receive extraordinary support from its Singapore-based parent, with strong near-term support propensity. In addition, Fitch expects the company's performance to improve further this year and in 2027, supported by strong cost management, stable non-interest income, and lower credit costs.

Jiangsu Hengrui Pharmaceuticals Withdraws Atopic Dermatitis Ointment Application

Jiangsu Hengrui Pharmaceuticals (SHA:600276) withdrew its marketing application for ivarmacitinib ointment, citing the need to refine submission materials.The topical drug is used to treat mild-to-moderate atopic dermatitis, according to a Tuesday filing with the Shanghai bourse.Shares of the pharmaceutical company rose nearly 4% in recent trade.

PolyNovo Says JPMorgan Chase Ceases to Be Substantial Holder

PolyNovo (ASX:PNV) said JPMorgan Chase and its affiliates ceased to be substantial holders of the firm on June 19, according to a Wednesday Australian bourse filing.JPMorgan Chase Bank, N.A. placed 389,426 ordinary shares of the firm as a loan to Bofa Securities as an agent lender.

Market Chatter: Singapore's Fuel Prices Drop Amid US-Iran Peace Progress

Fuel pump prices in Singapore have eased, with 95-octane petrol dropping to SG$3.42 per liter across all major operators, The Straits Times reported Tuesday, citing the Consumers Association of Singapore's Price Kaki tracking app.The rate was reached after Esso matched the four-cent reductions introduced days earlier by Caltex, Shell, China Petroleum & Chemical Corp. (SHA:600028, HKG:0386) or Sinopec, and SPC.The price cuts follow a decline in global oil markets amid the US-Iran framework agreement, with the benchmark crude oil dropping to around $77 a barrel on Wednesday, according to Trading Economics.(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.)

^STIHKG:0386SHA:600028

SDI Says New South Wales Court Approved InnoXvest Dental Deal

SDI (ASX:SDI) said the Supreme Court of New South Wales has approved InnoXvest Dental's proposed acquisition of the company for AU$1.40 per share in cash, according to a Wednesday filing with the Australian bourse.SDI plans to lodge a copy of the court orders with the Australian Securities and Investments Commission on Thursday, at which point the deal will become effective.The company will also request the suspension of its shares from the ASX from the close of trading on Thursday.

Seek Says BlackRock Becomes Substantial Holder; Shares Up 4%

Seek (ASX:SEK) said BlackRock Group became a substantial holder of the company as of June 19 after acquiring a voting power of 5.07%, according to a Wednesday Australian bourse filing.BlackRock holds 18.2 million ordinary shares of the company.Seek's shares rose nearly 4% in recent trading on Wednesday.

Ho Bee Land Prices SG$150 Million Green Bonds

Ho Bee Land (SGX:H13) priced SG$150 million worth of 3.30% fixed rate green bonds due on June 30, 2031, according to a Tuesday filing with the Singapore Exchange.The bonds fall under the developer's SG$800 million multicurrency medium-term bond program.DBS Bank was appointed as the sole global coordinator for the issuance. It is also acting as a joint lead manager and bookrunner alongside Oversea-Chinese Banking Corporation or OCBC.Net proceeds from the bonds will be used to fund, finance, or refinance eligible green projects.The bonds are expected to be issued on June 30, the filing said.

Sino-Ocean Group Offers to Repurchase Bonds at 20% of Face Value

Sino-Ocean Group Holding (HKG:3377) has offered to repurchase nine series of bonds previously issued by its subsidiary Beijing Sino-Ocean Group at about one-fifth of their remaining face value, according to a Tuesday filing with the Hong Kong bourse.The property firm made the offer as part of a restructuring to buy back the debt in exchange for a haircut.Cumulatively, the firm owes 17.79 billion yuan to the noteholders, but has capped the repurchase at 800 million yuan.Holders have until July 27 to register for the buy-back, with payment to be made on Aug. 11.The firm said bondholders who do not take the cash repurchase will be offered other restructuring options, including equity economic income rights or debt settlement using proceeds from residential and commercial projects.

Australia's Headline Inflation Rate Cools in May as Fuel Prices Moderate

US Markets39d ago

Australia's Headline Inflation Rate Cools in May as Fuel Prices Moderate

A moderation in fuel prices helped ease Australia's annual headline inflation in May, although the rate remains above the central bank's target range amid elevated housing costs.Australia's consumer price index rose 4% on year in May, down from the 4.2% rate posted in April, data from the Australian Bureau of Statistics showed on Wednesday. On a monthly basis, the CPI fell 0.1% in seasonally adjusted terms.The annual result is better than the 4.1% forecast from the Commonwealth Bank of Australia and Westpac's expectation of a 4.4% increase.Housing was the largest contributor to annual inflation in May, with a jump of 6.5% as electricity costs surged after the end of government rebate programs. Transport price growth eased to 3.3% in annual terms from a 6.6% rise in the year through April.The annual price increase for goods slowed in May, as did tradables inflation, with both declines reflecting a cooling of automotive fuel price growth to 7.7% in May from 18.6% in April, the ABS said.The latest data follows the Reserve Bank of Australia (RBA) pausing its policy-tightening cycle last week. The bank held its cash rate at 4.35% after three consecutive rate hikes, but left the door open to further increases due to persistently high inflation.The central bank has a 2% to 3% annual inflation target. As of Tuesday, the RBA Rate Tracker tool pegged the odds of another hike to borrowing costs at 28%.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Wednesday.Predictive Discovery (ASX:PDI): -8%, AU$0.86Beach Energy (ASX:BPT): -7%, AU$0.87Orezone Gold (ASX:ORE): -6%, AU$2.28Ora Banda Mining (ASX:OBM): -5%, AU$1.17Alkane Resources (ASX:ALK): -5%, AU$1.52Arafura Rare Earths (ASX:ARU): -5%, AU$0.25Resolute Mining (ASX:RSG): -5%, AU$1.03Genesis Minerals (ASX:GMD): -4%, AU$5.57Catalyst Metals (ASX:CYL): -4%, AU$5.48Capricorn Metals (ASX:CMM): -4%, AU$12.76

ASX 200ASX:ALKASX:ARUASX:BPTASX:CMMASX:CYLASX:GMDASX:OBMASX:OREASX:PDIASX:RSG

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Wednesday.Wisetech Global (ASX:WTC): +13%, AU$32.51BCI Minerals (ASX:BCI): +11%, AU$0.42Anteris Technologies (ASX:AVR): +10%, AU$14.99Xero (ASX:XRO): +8%, AU$70.31Telix Pharmaceuticals (ASX:TLX): +7%, AU$15.54Neuren Pharmaceuticals (ASX:NEU): +5%, AU$12.99Tasmea (ASX:TEA): +5%, AU$9.45Lindian Resources (ASX:LIN): +5%, AU$0.92Regis Healthcare (ASX:REG): +4%, AU$6.53Iluka Resources (ASX:ILU): +4%, AU$7.54

ASX 200ASX:AVRASX:BCIASX:ILUASX:LINASX:NEUASX:REGASX:TEAASX:TLXASX:WTCASX:XRO

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Wednesday.Synlait Milk (NZE:SML): +4%, NZ$0.43Steel & Tube Holdings (NZE:STU): +3%, NZ$0.36New Zealand King Salmon (NZE:NZK): +2%, NZ$0.23Napier Port Holdings (NZE:NPH): +2%, NZ$3.70AFT Pharmaceuticals (NZE:AFT): +2%, NZ$3.78Ventia Services Group (NZE:VNT): +2%, NZ$8.40Investore Property (NZE:IPL): +1%, NZ$1.05Channel Infrastructure NZ (NZE:CHI): +1%, NZ$3.20T&G Global (NZE:TGG): +1%, NZ$2.45Air New Zealand (NZE:AIR): +1%, NZ$0.46

^NZ50NZE:AFTNZE:AIRNZE:CHINZE:IPLNZE:NPHNZE:NZKNZE:SMLNZE:STUNZE:TGGNZE:VNT

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Wednesday.Serko (NZE:SKO): -6%, NZ$1.45Manuka Resources (NZE:MKR): -6%, NZ$0.10Briscoe Group (NZE:BGP): -2%, NZ$4.54Meridian Energy (NZE:MEL): -2%, NZ$5.86Summerset Group (NZE:SUM): -2%, NZ$8.60Hallenstein Glasson Holdings (NZE:HLG): -2%, NZ$10Vista Group International (NZE:VGL): -2%, NZ$2.35Templeton Emerging Markets (NZE:TEM): -2%, NZ$8.06NZX (NZE:NZX): -1%, NZ$1.39Vector (NZE:VCT): -1%, NZ$4.90

^NZ50NZE:BGPNZE:HLGNZE:MELNZE:MKRNZE:NZXNZE:SKONZE:SUMNZE:TEMNZE:VCTNZE:VGL

Liberty Financial Group Declares Dividend

Liberty Financial Group (ASX:LFG) declared a dividend of AU$0.05 per security for the year ending June 30, payable on Sept. 21 to shareholders on record as of June 30, according to a Wednesday Australian bourse filing.The company's shares rose nearly 1% in recent trading on Wednesday.

Nissan Shareholders Reject One Board Nominee Amid Renault Governance Concerns

Nissan Motor (TYO:7201) shareholders voted in favor of Akiyoshi Koji's appointment as board chairman at the company's 127th ordinary general meeting.Shareholders also backed all director candidates except Motoo Nagai, according to a statement released on Tuesday.Renault, Nissan's top shareholder with a roughly 36% stake, abstained from voting on certain board nominees, including Nagai, over independence concerns given Mizuho Financial Group's (TYO:8411) status as Nissan's largest creditor, Bloomberg News reported.A former Mizuho banker, Nagai played a key role in the 2018 ouster of Carlos Ghosn and was considered influential in executive appointments as the sole director on all three board committees, according to the report.

TYO:7201TYO:8411

Comet Ridge Secures Commitments for AU$40 million Placement

Comet Ridge (ASX:COI) received firm commitments for a two-tranche placement of new shares to existing and new investors to raise AU$40 million, according to a Wednesday Australian bourse filing.It plans to issue 390.2 million fully paid ordinary shares at an issue price of AU$0.1025 per share. The first tranche seeks to raise around AU$30.6 million utilising the company's capacity, while the second tranche seeks to raise around AU$9.4 million, subject to shareholder approval.It also plans to offer eligible shareholders the opportunity to participate via a share purchase plan to raise up to an additional AU$5 million.

Genori Technology Surges 905% in Shanghai Debut

Chongqing Genori Technology (SHA:688797) shares opened at 448.00 yuan apiece on their first day of trading on the Shanghai Stock Exchange.This marked a 905% surge from the semiconductor components company's initial public offering price of 44.56 yuan per share.