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Lujiazui Finance & Trade Zone Q1 Profit Falls 68%; Shares Down 3%

Shanghai Lujiazui Finance & Trade Zone Development (SHA:600663) posted first-quarter attributable net profit of 199.2 million yuan, down 68% from 630.6 million yuan the previous year.Earnings per share went down to 0.0396 yuan from 0.1252 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue fell 47% year over year to 2.23 billion yuan from 4.23 billion yuan.Shares of the real estate developer were down 3% in recent trade.

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Nomura Starts Leela Palaces Hotels & Resorts at Buy with INR510 Price Target

Leela Palaces Hotels & Resorts (NSE:CHALET, BOM:542399) has an average rating of buy and mean price target of 553.81 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://www..com/contact-us)

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New Zealand Shares Flat; Air New Zealand CFO to Resign

New Zealand shares ended flat with a positive bias on Wednesday, while Asian shares were mixed after the US decided to extend the Iran ceasefire.The S&P/NZX 50 Index was little changed to close at 12,945.60.US President Donald Trump said he would extend the ceasefire with Iran indefinitely to allow more time for peace negotiations, though it remained unclear on Wednesday whether Iran or Israel would agree, according to a Wednesday Reuters report.Meanwhile, the "golden visa" program of New Zealand has lured nearly NZ$4 billion in committed and pipeline investment in its first year, the government said on Wednesday, as Wellington looks to draw wealthy migrants and growth capital, Reuters reported on Wednesday.In domestic news, a total of 14,993 metric tonnes (MT) of products were sold during the Global Dairy Trade auction held on Tuesday, with supply ranging from 14,166 to 18,737 MT, according to data from the trading platform.In corporate news, Air New Zealand (ASX:AIZ, NZE:AIR) said that Chief Financial Officer Richard Thomson has resigned, effective Aug. 28.NZX (NZE:NZX) appointed Graham Law, chief financial and corporate officer, as acting chief executive, effective May 1.

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Asia6d ago

Market Chatter: Malaysia Rolls Out Measures to Help SMEs Amid Economic Pressures

Malaysian Prime Minister Anwar Ibrahim announced measures to ease cost pressures on SMEs, including a 5 billion ringgit financing guarantee and a 12-month extension for the e-invoicing transition, The Star reported Tuesday.The financing support will be channeled through Syarikat Jaminan Pembiayaan Perniagaan, with coverage raised to 80% and repayment tenures extended up to 10 years. The scheme is aimed at key sectors such as construction, agriculture, logistics, transport and tourism, alongside assistance for loan restructuring.Meanwhile, the e-invoicing rollout for smaller firms has been deferred by a year to end-2027 for businesses with annual turnover between 1 million ringgit and 5 million ringgit. Authorities are also considering temporary tax and import duty relief on Malaysian goods that are re-imported due to external disruptions, the news outlet said.The measures come as geopolitical tensions, particularly in the Middle East, continue to shore up energy, freight and insurance costs. Anwar said the government will continue to adjust policies to support firms and maintain resilience amid prolonged global headwinds, reportedly.(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.)

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Financial News · Live Terminal

Lujiazui Finance & Trade Zone Q1 Profit Falls 68%; Shares Down 3%

Nomura Starts Leela Palaces Hotels & Resorts at Buy with INR510 Price Target

New Zealand Shares Flat; Air New Zealand CFO to Resign

Lujiazui Finance & Trade Zone Q1 Profit Falls 68%; Shares Down 3%

Nomura Starts Leela Palaces Hotels & Resorts at Buy with INR510 Price Target

New Zealand Shares Flat; Air New Zealand CFO to Resign

Nomura Starts Chalet Hotels at Neutral with INR860 Price Target

Yidu Tech Wins Bid For AI Healthcare Project

DBS Adjusts Nam Cheong's Price Target to SG$1.90 from SG$1.60

Keppel Divests Non-Core Retail Mall Asset for SG$372 Million

Jarden Research Adjusts HUB24's Price Target to AU$115.30 from AU$119.50, Keeps at Buy

Jarden Research Adjusts Challenger's Price Target to AU$8.70 from AU$8.60, Keeps at Neutral

UK Strengthens Energy Regulator's Powers to Protect Consumers

Sanli Environmental to Raise Up to SG$5 Million Via Commercial Bond Issuance

AMS Advanced Materials to Debut on Malaysian Bourse's ACE Market

ACME Solar Operationalizes 2 GWh Battery Energy Storage System Capacity in Rajasthan, India

YTL Cement Offers to Privatize Concrete Engineering

Australian Corporations Report Elevated Hedging Activity Amid Middle East Conflict, CommBank Says

Zhongfu Industrial Q1 Profit Jumps 257%, Revenue Rises 32%

Enlight Media Proposes to Offload Up to 4% Stake in Arcvideo Tech; Enlight's Shares Fall 8%

CSL Shares Hit Nearly 9-Year Low as US Drops Flu Vaccine Mandate

Market Chatter: Malaysia Rolls Out Measures to Help SMEs Amid Economic Pressures

Emerald Resources' Exploration Success Underpins Multi-Asset Growth, Euroz Hartleys Says