Yancoal Australia (ASX: YAL) posted a record Q2 2026 attributable saleable coal production of 10.8 million tonnes, up 20% quarter on quarter, and said average prices for most of its seaborne thermal coal rose 14% to 19% over the quarter. The stock gained 4.9% to $5.96 and is up 20.2% since market close on 31 December, compared with a 0.5% rise in the ASX 200 over the same period. The company also said diesel price pressure has eased compared with early 2Q, though uncertainty remains, and the outlook for the overall impact on its 2026 operating costs has moderated.

CLSA has initiated coverage on Ultratech Cement with a “High Conviction Outperform” rating and a target price of Rs 14,000. The company reported 1QFY27 volume growth of 13% YoY and EBITDA per tonne of Rs1,183, both ahead of expectations. The note said the cost outlook also surprised positively, with guidance well below typical seasonal inflation, and described the report as a clear near-term earnings catalyst for the stock.

UltraTech Cement, India’s largest cement maker, reported June-quarter revenue of ₹24,648 crore, net profit of ₹2,604 crore and EBITDA of ₹5,016 crore, all above market expectations. Consolidated sales volumes rose 12.2% year on year, while grey cement volumes increased 13.1% to 39.17 million tonnes. Several brokerages reiterated “Buy” ratings and raised target prices, with the highest at ₹15,209. The stock ended 1.5% higher and is up more than 4% so far this year.

Karur Vysya Bank reported a 45% year-on-year rise in first-quarter net profit to ₹756 crore. Net interest income increased 32% and net interest margin widened to 4.34%. Asset quality showed a slight deterioration, with gross NPA edging up to 0.74% while net NPA stayed flat at 0.19%. Total advances and total deposits grew 17% and 15%, respectively.

Asian markets were little changed as investors stayed cautious amid renewed inflation worries linked to escalating tensions in West Asia, with Brent crude down 0.4% to $88.86 a barrel. Japan’s Nikkei 225 rose 1.4% while South Korea’s Kospi was flat. U.S. equity index futures eased 0.1%. Traders are also watching megacap tech earnings due this week and next week, according to CNBCTV18.com.

Pakistan LNG Limited (PLL) has approved the purchase of a spot liquefied natural gas cargo for July delivery at $21.88 per million British thermal units (MMBtu). The cargo is scheduled to arrive on July 27–28 after PLL received just one bid. TotalEnergies Gas & Power submitted the sole offer at $21.88 per MMBtu for the fifth LNG cargo to be delivered in July, according to sources.

Shares of major Indian private lenders fell after their first-quarter results showed net interest margins narrowing and profitability under pressure. Axis Bank and HDFC Bank led the declines, while the Nifty Private Bank index sank 2.3% and Bank Nifty fell 1%. The weakness dragged the Nifty 50 down 0.4%. Investors are increasingly pricing in continued margin compression and a potential reassessment of valuations.

On July 21, 2026, retail prices of diesel, gasoline and kerosene in the Philippines rose sharply, up P10.68, P3.65 and P11.77 per liter, respectively. Officials attributed the increases to renewed tensions in the Middle East that pushed global crude prices higher. The Department of Energy said it would step up oversight to prevent market disorder, but did not detail specific measures.