Financial News · Live Terminal

Page 264 of 519

Market Chatter: Thailand Eyes THB500 Billion Emergency Loan as Fiscal Pressures Worsen

Thailand is preparing an emergency decree to raise up to 500 billion baht ($15.6 billion) in borrowing and address the debt ceiling amid tightening fiscal space and rising risks, Reuters reported Monday, citing Deputy Prime Minister Pakorn Nilprapunt.Public debt stands at around 66% of GDP, close to the current 70% limit, which may be raised to accommodate the planned borrowing. The government is also preparing its 2027 budget with a focus on curbing non-essential spending and managing fiscal risks, reportedly.A 3.788 trillion Thai baht budget has been approved, with a slight increase in spending and a lower projected deficit, and will be submitted for parliamentary review in July, the news agency said.(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.)

$^SET

Asia7d ago

OPEN Group Sets Shareholder Vote on Final Dividend for May 26

OPEN Group (TYO:6572) will seek approval for its proposed final dividend of 4.90 yen per share at the shareholders' meeting on May 26, according to a Tokyo bourse filing on Monday.The figure is lower than the 5.50 yen per share paid for the fiscal year ended Feb. 28, 2025.The total dividend amount is expected to be 273 million, with an effective date of May 27.

$TYO:6572

Asia7d ago

PeptiDream Partner Begins Phase 1 Trial of TNFR1 Inhibitor AK1940

PeptiDream (TYO:4587) said its partner Asahi Kasei Therapeutics has started a Phase 1 clinical trial of AK1940, a TNFR1 inhibitor discovered using its peptide platform, according to a Monday filing on the Tokyo Stock Exchange.The candidate targets autoimmune diseases and showed efficacy in preclinical studies, the company said.PeptiDream will receive a milestone payment and is eligible for further payments and royalties tied to development and sales.

$TYO:4587

Showing 5261-5280 of 10365

Commodities7d ago

Market Chatter: Germany Begins Privatization of Seized Gazprom Germania Through Capital Raise

Germany has begun the process of privatizing Gazprom Germania, the German division of Gazprom which the country seized following Russia's 2022 invasion of Ukraine, the Financial Times reported on Monday.The company's Chief Executive Egbert Laege told the FT that it planned to raise 1.5 billion to 2 billion euros ($1.76-$2.35 billion) through a capital increase and invest the funds in the business's infrastructure assets.The company has been renamed Sefe which stands for Securing Energy for Europe. Its assets include gas storage and pipelines as well as a trading business in the UK known as Gazprom Marketing & Trading.European Commission rules state that the German government, which now controls 100% of the business, must sell at least 75% of that stake by the end of 2028, the article said.The Iran war had only increased the incentives to privatize the assets, Laege told FT. He said that Sefe was in discussion with the government over whether it has preferences or restrictions with regards to who is eligible to buy a stake in the company.After the initial capital increase, the government will seek to sell more of its shares in another separate process whose form has not yet been chosen, Laege said. He said the short timeframe for this could rule out an initial public offering, but said that was up to the government.The FT noted that some industry observers had speculated that the company's assets could be split up and sold separately. Others have suggested that Sefe could be merged with gas importer Uniper which was nationalized in 2022 after the loss of Russian gas exports to Europe.Sefe is certain to return its regulated assets and trading operations which complement each other, Laege said.Sefe could not be reached bywith 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.)

Financial News · Live Terminal

Market Chatter: Thailand Eyes THB500 Billion Emergency Loan as Fiscal Pressures Worsen

OPEN Group Sets Shareholder Vote on Final Dividend for May 26

PeptiDream Partner Begins Phase 1 Trial of TNFR1 Inhibitor AK1940

Market Chatter: Thailand Eyes THB500 Billion Emergency Loan as Fiscal Pressures Worsen

OPEN Group Sets Shareholder Vote on Final Dividend for May 26

PeptiDream Partner Begins Phase 1 Trial of TNFR1 Inhibitor AK1940

Market Chatter: US Energy Secretary Warns Gasoline Prices to Stay Above $3 per Gallon Until Next Year

Russian Energy Exports Crater as Ukrainian Strikes Paralyze Key Ports, Says Vortexa

Market Chatter: Germany Begins Privatization of Seized Gazprom Germania Through Capital Raise

Skyworth Digital's Q1 Profit Rises as Revenue Jumps 39%

Qingdao Yunlu Advanced Materials Technology Chair Resigns

Sundaram Multi Pap Installs New Automatic Notebook Manufacturing Machines; Shares Up 3%

Yancoal Australia's Coal Output, Sales Slide in Q1

Phillip Securities Upgrades PTG Energy to Buy from Hold; Price Target is THB10.20

Emkay Global Starts WPIL at Buy with INR650 Price Target

JM Financial Downgrades Angel One to Add from Buy; Price Target is INR350

AIA Engineering Chairman Resigns

Shoucheng Holdings Invests in Imaging Equipment Developer

Avendus Spark Starts Radico Khaitan at Buy with INR4,177 Price Target

Krungsri Securities Downgrades Delta Electronics Thailand to Reduce from Neutral, Price Target is THB232

UOB Kay Hian Adjusts Reclaims Global's Price Target to SG$0.27 from SG$0.28; Keeps at Buy

Kobe Bussan's March Sales Rise 2.9%

Hong Kong Stocks Start Week in Green; Xizhi Technology, Mabwell Launch IPOs