Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Oppenheimer has named CNH Industrial its top stock in the Agriculture & Infrastructure sector, setting a $16 price target based on the company's strategic dealer network consolidation.
Investor demand for SK Hynix's planned sale of American Depositary Receipts has exceeded the shares on offer by more than sevenfold, according to a Reuters report, highlighting robust appetite for the AI memory chip supplier.
A consortium including U.S.-based Amwins Group and Dragoneer Investment Group has reaffirmed its A$7.7 billion (US$5.34 billion) takeover proposal for Steadfast Group, extending an exclusivity period for due diligence by four weeks.
Shares of Mitsubishi Materials fell sharply after the company announced a major convertible bond issuance, raising concerns among investors about the potential for future equity dilution.
Taiwan's benchmark stock index fell sharply at Thursday's close, dragged lower by significant losses in the plastic and optoelectronic sectors.
A Goldman Sachs Asset Management executive said Japan is in the 'early innings' of a surge in private equity and buyout activity, citing the country's high number of listed companies as ripe for consolidation.
Shares of China International Capital Corp. initially jumped after the investment bank released strong preliminary first-half earnings, but the gains were erased as broader market weakness and merger-related uncertainty weighed on sentiment.
Shares of the Chinese copper producer initially surged over 5% after forecasting a potential doubling of first-half profit, but later reversed course to trade lower amid a drop in copper prices and broader market weakness.
The Austrian food and industrial goods producer reported a fiscal Q1 EBIT of €19.30 million, a 521% year-over-year increase driven by efficiency programs and improved margins, despite a 2.8% decline in revenue.
