Asia-Pacific stocks mostly rose on Thursday, with Japan’s Nikkei 225 and Topix increasing following the news of a record $735 billion budget for the upcoming fiscal year. Bank of Japan’s Governor expressed optimism about the economy reaching 2 percent inflation by 2025. Shares of Japanese automakers Nissan and Honda climbed, as the companies engaged in talks to merge, potentially becoming the third-largest carmaker globally. South Korea’s Kospi and Kosdaq edged higher, while China’s CSI 300 dipped. Australia, New Zealand, and Hong Kong markets were closed for Boxing Day.
Full Article
ADX lifts Austrian oil field stake to boost production and cash flow
ADX Energy has increased its economic interest in the Anshof oil field in Upper Austria from 50% to 70% without cash expenditure, acquiring Xstate Resources' 20% stake by offsetting the purchase price against unpaid cash calls. This strategic move boosts ADX’s daily output from the Anshof-3 well to 72 barrels of oil per day, contributing to a total production of 307 barrels of oil equivalent per day across its Austrian operations. Additionally, ADX plans to...
Read more