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HJ Shipbuilding & Construction Wins KRW350 Billion Redevelopment Project

HJ Shipbuilding & Construction (KRX:097230) secured a redevelopment project in Busan from the Beomcheon 5 District Redevelopment Project Association, according to a Monday filing with the Korea Exchange.The contract is worth 349.7 billion won, with the project comprising the construction of eight residential buildings.

$KRX:097230

Asia11d ago

Hing Yip Unit to Buy to Lease Back Assets

Hing Yip (HKG:0132) unit Canton Greengold Financial Leasing will buy to lease back certain assets from Songyuan Lian Heating Development for 35 million yuan, according to a Monday Hong Kong bourse filing.The assets, comprising designated heat-transmission equipment and facilities, will then be leased back to the lessee for 67 months for a total lease payment of 43.5 million yuan.

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Oil & Energy11d ago

Eco (Atlantic) Oil and Gas Announced Farm Down of Namibian Portfolio to BP

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Asia11d ago

Hong Lai Huat Buys Back, Cancels Shares

Hong Lai Huat (SGX:CTO) bought back and canceled 203,200 shares worth SG$18,142 or SG$0.089 apiece on Monday, according to a same-day filing with the Singapore Exchange.The property developer has so far repurchased around 31.1 million shares under its existing buyback mandate.

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Sectors11d ago

Crude Oil Prices Jump After U.S. Announced Strait of Hormuz Blockade, Lack of Ceasefire Deal

Crude oil prices surged on Monday after the U.S. announced it will start a blockade of the Strait of Hormuz, which followed a failure to reach a ceasefire deal with Iran.Brent crude at last look jumped 7.7% to US$102.54/barrel and West Texas Intermediate crude rose 8.2% to $104.44/barrel. This comes after U.S. President Donald Trump said the U.S. Navy is preparing to block ships to and from Iran via the Strait of Hormuz, which could restrict Iranian oil exports, Reuters said in a Monday report.Iran's Revolutionary Guard said any military vessels attempting to approach the strait would be considered a violation of the ceasefire and will be dealt with, the report said."The announced U.S. blockade marks an admission that the ceasefire's central premise - at least as interpreted by the U.S. - which was the reopening of the Strait, is untenable for now," Nordic bank SEB analyst Erik Meyersson was quoted as saying by Reuters.

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Commodities11d ago

EU Not Facing Immediate Oil, Gas Supply Risks, But Headwinds to Jet Fuel Availability, Task Force Confirms

The European Commission's Energy Union Task Force Security on Friday confirmed that the region does not face any immediate oil and gas supply risks, although the availability of jet fuel remains a major concern.The Task Force met on Friday to review the energy security situation in the EU in the backdrop of the ongoing Middle East conflict, which has resulted in significant energy supply shocks.The Task Force reaffirmed the conclusion of the member state senior officials and the commission, who met earlier last week. The EU refineries were receiving a stable supply of crude oil and there was no immediate need for additional stock releases at the moment, according to a statement issued by the EC's Directorate-General for Energy."Nevertheless, prolonged disruptions in Middle East oil production and tanker traffic could pose longer-term risks. Jet fuel remains the primary concern, given that EU refineries cover around 70% of the EU's consumption, with the remainder reliant on imports," the statement added.The task force discussed the advantages of having an extended gas storage injection season as a means to prevent last-minute congestion and price spikes. They also appreciated a letter from Commissioner Dan Jorgensen to member countries urging them to use flexibility provisions under the Gas Storage Regulation and consider reaching the 80% storage target earlier in the filling season to provide greater market certainty."Finally, the Task Force welcomed and called for an acceleration of ongoing work to provide clear Commission recommendations on the implementation of EU Methane Regulation, with a focus on security of supply and legal certainty, notably with respect to penalties and compliance solutions, as agreed by Energy Ministers in December 2025," the statement added.The two-week ceasefire in the Iran war has helped stabilize energy prices, but the situation remains "volatile and uncertain" overall, the statement added.

Financial News · Live Terminal

HJ Shipbuilding & Construction Wins KRW350 Billion Redevelopment Project

Hing Yip Unit to Buy to Lease Back Assets

Eco (Atlantic) Oil and Gas Announced Farm Down of Namibian Portfolio to BP

Hong Lai Huat Buys Back, Cancels Shares

Crude Oil Prices Jump After U.S. Announced Strait of Hormuz Blockade, Lack of Ceasefire Deal

HJ Shipbuilding & Construction Wins KRW350 Billion Redevelopment Project

Hing Yip Unit to Buy to Lease Back Assets

Eco (Atlantic) Oil and Gas Announced Farm Down of Namibian Portfolio to BP

Hong Lai Huat Buys Back, Cancels Shares

Crude Oil Prices Jump After U.S. Announced Strait of Hormuz Blockade, Lack of Ceasefire Deal

SocGen's Overnight Economic News Summary

S&P Sees Divergence in Asian Tech Firms' Cost Absorption Ability Amid Middle East Conflict

Kohnan Shoji's Full-Year Profit Falls 14%

StanChart Buys Back Shares

EU Not Facing Immediate Oil, Gas Supply Risks, But Headwinds to Jet Fuel Availability, Task Force Confirms

Veerhealth Care Secures International Order for Personal Care Products

Hengrui Pharmaceuticals Unit Gets Approval for Heart Failure Drug Trial

Orix to Absorb Tsukuba Lease, Plan Dissolution After Company Split

CCReB Advisors Partners with Kokopelli to Expand CRE Services

Chinese Rare-Earth Companies Finish High on Increases in Q2 Prices

Giftee Sees Limited Impact from Middle East Tensions on Operations

Bernstein Adjusts Price Target on Chevron to $216 From $194, Maintains Market Perform Rating

Jefferies Adjusts Price Target on Chevron to $236 From $227, Maintains Buy Rating

Bernstein Adjusts Price Target on Exxon Mobil to $195 From $159, Maintains Outperform Rating

Nara Space Technology Wins KRW2 Billion Government Contract