Finance and markets: business, quotes, gold, energy and releases.
Found 5547 articles
Daisyo Corp reported a sharp decline in profitability for the nine-month period ending May 31, with net profit falling to 649 million yen from 1.11 billion yen a year earlier. The drop reflects a challenging fiscal environment for the Japanese group, despite a modest increase in top-line revenue performance.
A 26 percent drop in net profit marks a challenging first half for MIT Holdings, with the company reporting 59 million yen in earnings for the period ending May 31. This decline follows a broader contraction in revenue, which slipped to 2.47 billion yen from 2.62 billion yen the previous year.
A 59 million yen net loss for the half-year ending May 31 marks a significant downturn for Fund Creation Group, nearly doubling the 32 million yen deficit recorded during the same period last year. The results, released under Japanese accounting standards, reflect deepening financial strain despite a rise in total revenue.
A narrowing of losses marks the latest half-year results for Asahi Eito Co. Ltd., as the Japanese manufacturer reported a net loss of 98 million yen for the period ending May 31, 2026. This performance improves upon the 140 million yen loss recorded during the same six-month window a year prior.
A 36 million yen net loss marks the first half of the 2026 fiscal year for Twenty-Four Seven Inc., as the Japanese firm struggled to turn a profit against 1.20 billion yen in revenue. The results, filed under Japanese accounting standards, reflect a difficult period for the company’s bottom line.
A sharp turnaround defined the first half of the fiscal year for Noda Corp, as the Japanese firm posted a net profit of 231 million yen for the period ending May 31. This result marks a decisive recovery from the 367 million yen loss recorded at this time last year.
Horiifoodservice Co. Ltd. posted a sharp surge in profitability for the half-year ending May 31, with net profit reaching 286 million yen. This result marks a significant jump from the 75 million yen recorded during the same period in 2025, fueled by a robust expansion in overall revenue.
JMACS Japan Co. Ltd. posted a significant surge in profitability for the first quarter ending May 31, with net profit climbing to 161 million yen from 52 million yen during the same period last year. The manufacturer’s performance highlights a robust expansion in both revenue and operating margins over the past twelve months.
For the first time since records began in 2007, developers in Singapore brought zero new private residential units to market throughout June. This total absence of fresh supply triggered a sharp contraction in market activity, leaving the sector at its lowest point in nearly two decades.
A recovery in lithium prices combined with surging demand from China's electric-vehicle and energy-storage sectors has pushed two of the industry's largest players toward significant financial turnarounds. Both companies signaled a sharp reversal from previous periods, despite underlying concerns regarding long-term margin sustainability.
Rio Tinto shipped 85.3 million metric tons of iron ore from its Pilbara operations during the second quarter, a 7% increase that surpassed analyst expectations. The mining giant attributed the recovery to improved system performance and healthy inventory levels following weather-related disruptions earlier in the year.
677 million yen in net profit for the nine months ended May 31 represents a sharp climb for UPR Corp, more than doubling the 316 million yen reported during the same period last year, according to the company’s latest financial filing under Japanese accounting standards.
Geopolitical instability in the Middle East is unraveling the early-year recovery of China’s aviation industry, as the country’s three largest state-owned carriers project significantly deeper losses for the first half of 2024. Surging aviation kerosene prices have effectively neutralized the profits these airlines secured during the first quarter.
A 0.15% dip in home prices across China’s 70 largest cities during June marks another month of decline for the struggling real estate sector. While the pace of the drop slowed slightly from May’s 0.2%, the broader data underscores a persistent, yearslong downturn showing few signs of a definitive bottom.
A softer-than-expected U.S. inflation report for June triggered a broad rally across Asian equity markets on Wednesday, even as heightened geopolitical friction in the Middle East pushed crude oil prices higher following the resumption of a U.S. naval blockade near Iranian ports.
AIT Corp reported a net profit of 789 million yen for the first quarter ending May 31, falling short of the 870 million yen recorded during the same period last year. Despite a modest rise in top-line revenue, the company faced mounting pressure on its overall earnings per share.
AstraZeneca has secured exclusive global rights to the lung cancer therapy Zegfrovy in a deal worth up to $1.5 billion, triggering a 20% surge in Dizal Pharmaceutical’s stock price. The agreement provides an immediate $600 million influx for the Shanghai-based developer, signaling a major endorsement of its oncology pipeline.
Rio Tinto shipped 85.3 million metric tons of iron ore from its Pilbara operations during the second quarter, marking a 7% year-over-year increase. This performance exceeded analyst expectations of 83.4 million tons, signaling a robust recovery from weather-related disruptions that hampered the company’s Australian mines earlier this year.
A sharp rise in demand pushed West Holdings Corp. to a net profit of 2.32 billion yen for the nine-month period ending May 31, nearly tripling the 775 million yen recorded during the same timeframe last year. The results reflect significant operational gains across the company's core business sectors.
Global pulp markets have claimed another casualty as Canfor announced the closure of its Northwood mill in British Columbia. The move, triggered by an unrelenting oversupply and a scarcity of raw fibre, will result in the loss of 300 jobs and a significant reduction in regional production capacity.
Investors will turn their attention to Veradermics on Wednesday morning as the biopharmaceutical firm prepares to disclose findings from the female treatment arms of its phase 2 study. The company plans to detail performance metrics for VDPHL01, an extended-release version of minoxidil, during an 8 a.m. conference call.
A 13% drop in after-hours trading for Pentair followed the company’s decision to slash its annual revenue outlook and announce the immediate resignation of its chief financial officer. The slump reflects a broader cooling in demand for pool equipment that has rattled investor confidence in the firm's near-term performance.
A sharp contraction in the pool segment has forced Pentair to downgrade its financial projections, signaling a departure from earlier growth targets. The water treatment firm now expects second-quarter revenue to reach $930 million, a 17% drop from its previous guidance, while full-year outlooks have shifted into negative territory.
Churchill Capital Corp IX is set to dissolve after failing to secure a business combination before its mandated deadline. The blank-check company confirmed it will liquidate its assets and redeem all outstanding public shares, bringing an abrupt end to its tenure on the Nasdaq exchange.
A 30% jump in after-hours trading greeted Aehr Test Systems on Tuesday as the semiconductor equipment manufacturer shifted from a deep deficit to a quarterly profit. The stock climbed to $94.11, shattering its regular session close of $72.01 following a robust report for the period ending May 29.
Rising oil prices triggered a sell-off in communications services today, casting a shadow over the sector as investors recalibrate their portfolios. The broader market downturn reflects growing anxiety over energy-driven inflation, forcing telecom firms to navigate a tightening economic environment that threatens to squeeze corporate margins.
The power sector stalled in early trading as a cooling inflation report pushed Treasury yields downward. While the broader market reacted to the softer economic data, investors remained cautious, keeping utility stocks near their opening levels as the Federal Reserve reaffirmed its commitment to aggressive price stability measures.
A sharp rebound in semiconductor stocks provided a floor for the technology sector, even as IBM suffered a massive sell-off and New York moved to curb the physical footprint of the artificial intelligence boom through a moratorium on large-scale data center construction.
Stan Guidroz is stepping into the role of chief operating officer at Accel Entertainment, effective immediately. He replaces Mark Phelan, who shifts his focus toward the chief executive position starting this August, marking a significant leadership transition for the gaming operator as it looks to solidify its market footprint.
A sharp deceleration in inflation data combined with a cascade of blowout earnings from the nation’s largest financial institutions propelled U.S. markets higher on Tuesday. While the broader indices climbed, a profit warning from IBM acted as a persistent drag on the Dow, tempering the overall upward momentum.