China's Huayou Cobalt Sees Record Profit Boosted by Indonesia
The major battery materials supplier will post net income for January through June of between 2.6 billion yuan ($360 million) and 2.8 billion yuan, according to preliminary earnings posted on Monday. At the low end, that's a 56% jump from a year earlier.
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Yahoo
24 minutes ago
- Yahoo
Xinhua Silk Road: Waterfalls forge stronger China-Italy bond
BEIJING, Aug. 17, 2025 /PRNewswire/ -- "The two natural wonders have not only become a symbol of our friendly relations, but also a cultural bridge connecting two places," Walter Semperboni, mayor of Valbondione in the Italian province of Bergamo, highlighted the waterfall-linked friendship between China and Italy in a recent letter. This connection was formalized in December 2020 during the 50th anniversary of the establishment of China-Italy diplomatic relations, when the Jiulong Waterfalls in Luoping County, Qujing City, southwestern China's Yunnan Province and Italy's Serio Falls near Valbondione were officially twinned. "These waterfalls constitute natural bridges for exchanges and cooperation," said Lorenzo Riccardi, president of the China-Italy Chamber of Commerce. On August 7, 2023, Riccardi represented the government of Valbondione to unveil a friendship monument commemorating the pact between the twin waterfalls at the Jiulong Waterfalls scenic area. Thanks to this partnership, the Jiulong Waterfalls scenic area has launched many cultural and tourism cooperation initiatives with Italy over the past five years, noted Hu Yibo, who is in charge of the scenic area. According to Hu, Italian tourist groups make dedicated visits to the Jiulong Waterfalls, where characteristic cultural activities such as ethnic performances and cultural exhibitions offer international visitors immersive experiences. Meanwhile, the Serio Falls, renowned across Europe, provide valuable insights for scenic area management and nature conservation. "The twinning enables the two countries to share tourism development expertise," Hu added. With the 5th anniversary of the friendship pact between the Jiulong Waterfalls and the Serio Falls in 2025, Semperboni envisioned expanded cooperation. "We hope there will be further cooperation through joint planning and promotion of tourism projects, mutual visits and exchanges among the youth, and collaboration in environmental protection and sustainable development." Original link: View original content to download multimedia: SOURCE Xinhua Silk Road Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Enigmatig Celebrates NYSE American Listing with Bell Ringing Ceremony, Signaling Next Phase of Global Growth
NEW YORK, Aug. 18, 2025 /PRNewswire/ -- Enigmatig Limited (NYSE American: EGG) ("Enigmatig" or the "Company"), a global business enabler empowering small and medium-sized enterprises (SMEs) to scale across borders, today rang the Closing Bell at the New York Stock Exchange ("NYSE") to mark its recent listing and reaffirm its mission to power the global ambitions of bold, forward-thinking businesses. Enigmatig began trading on June 18, 2025, following the completion of its initial public offering of 3,005,200 Class A ordinary shares at US$5.00 per share including the partial exercise of the underwriters' overallotment option. The offering raised gross proceeds of approximately US$15 million. Prime Number Capital LLC acted as the sole book-running manager for the offering. As one of the few Asia-Pacific headquartered firms in its sector to list on the NYSE American, this accomplishment underscores Enigmatig's role as a trusted partner for SMEs navigating high-stakes cross-border expansion, regulatory complexities, and new market entries. Desmond Foo, Founder and CEO of Enigmatig, said, "Today's bell ringing is a proud milestone in our 15-year journey of enabling SMEs to achieve their international ambitions. Our listing strengthens our foundation for bold, global expansion, enabling us to deepen our service capabilities, advance our RegTech innovations, and extend our reach across the world's key financial hubs. Enigmatig was built to guide clients throughout their expansion journey – from incorporation to licensing, compliance, and strategic growth – delivering clarity, precision, and partnership every step of the way." Mingwen Teo, the Company's Director and CFO, added, "Our successful IPO and strong first-half performance validate the strength of our business model and the growing demand for comprehensive, technology-enabled licensing and compliance solutions. This ceremony is not just a celebration of our listing, but also a reaffirmation of our long-term vision to empower compliance globally while creating sustainable value for our clients and shareholders." With its IPO proceeds, Enigmatig is driving its next wave of growth by: Expanding its leadership and specialist teams across key markets and verticals Accelerating RegTech and automation innovation to streamline compliance Enhancing strategic advisory with sharper, data-driven insights Pursuing targeted M&A to strengthen its global service offerings Growing its presence in high-potential markets to serve clients closer to where they operate and aspire to operate Founded in 2010, Enigmatig has built a strong track record across global financial hubs and offshore jurisdictions, including Singapore, Hong Kong, Shanghai, London, Cyprus, and Belize, delivering tailored solutions across the full business lifecycle, from company incorporation to ongoing compliance and strategic advisory. Its proprietary CRM platform, integrating KYC, AML, and transaction monitoring tools, positions RegTech at the core of the Company's growth strategy, allowing smarter, faster compliance for both new and existing clients. For photos, a video replay and other content from the event, please visit: About Enigmatig Limited Enigmatig is an international business enabler dedicated to helping small and medium-sized enterprises (SMEs) achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets. With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the full business lifecycle – from company incorporation to ongoing compliance. Our experienced team specializes in navigating complex regulatory environments across global financial hubs and key offshore centers, including London, Cyprus, and Belize. Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse and growing international client base. For more information, please visit: Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "could," "will," "should," "would," "expect," "plan," "aim," "intend," "anticipate," "believe," "estimate," "predict," "is/are likely to," "potential," "project" or "continue" or the negative of these terms or other comparable or similar terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at Media & Investor Contacts: investors@ View original content to download multimedia: SOURCE Enigmatig
CNBC
an hour ago
- CNBC
Asia-Pacific markets set to mostly open higher as investors await details of U.S.-Ukraine talks
Asia-Pacific markets are set to mostly open higher Monday , after the U.S.-Russia summit concluded without a ceasefire. Australia's S&P/ASX 200 was set to start the day higher with futures tied to the benchmark at 8,843, compared with the index's Friday close of 8,983.60. Japan Nikkei 225 was set to open lower, with the futures contract in Chicago at 43,545 while its counterpart in Osaka last traded at 43,370, against the index's last close of 43,378.31. Futures for Hong Kong's Hang Seng index stood at 25,214, pointing to a stronger open compared with the HSI's last close of 25,270.07. U.S. equity futures ticked up in early Asia hours on hopes for rate cuts by the U.S. Federal Reserve, which fueled a winning week on Wall Street. The S&P 500 slipped on Friday after hitting a record high, as investors took some gains off the table after a strong week. The broad market index settled down 0.29% at 6,449.80. The Nasdaq Composite shed 0.40% to end the week at 21,622.98. while the Dow Jones Industrial Average outperformed, rising 34.86 points, or 0.08%, to close at 44,946.12, thanks to a 12% jump in UnitedHealth.
