Financial News · Live Terminal

Page 1032 of 3247

US Equity Futures Largely Flat Pre-Bell As US-Iran Talks Start in Switzerland

US equity futures were mostly unchanged flat pre-bell Monday as traders considered the latest developments in the initial talks between the US and Iran, which target a more permanent peace deal.Dow Jones Industrial Average futures were flat, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.1% higher.After a memorandum of agreement was signed last week between US and Iran, US Vice President JD Vance and Iran's parliamentary speaker Mohammad Bagher Qalibaf completed the first round of high-level talks in Switzerland aimed at ending the war in the Middle East. Mediators Pakistan and Qatar said there was "encouraging progress" made in the negotiations, with technical discussions continuing this week.However, shipping stalled in the Strait of Hormuz over the weekend after Iran declared the waterway closed once again due to Israeli strikes in Lebanon, CNBC reported, citing data from maritime intelligence firm Windward. President Donald Trump said in a post on Truth Social that Iran should stop its proxies in Lebanon "from causing trouble." Trump added, "If they don't, we'll hit Iran very hard again, just like we did last week, only harder!!!"FedEx (FDX) and Micron Technology (MU), among others, are scheduled to report quarterly financial results this week.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.8% at $78.65 per barrel and US West Texas Intermediate crude 1% lower at $75.12 per barrel.The economic calendar is vacant on Monday.

Dow JonesNasdaq CompositeS&P 500$FDX$MU

Wire39d ago

Definium Therapeutics Reports Positive Phase 3 Data for DT120 ODT in Major Depressive Disorder

Definium Therapeutics' (DFTX) Phase 3 Emerge trial of a single 100-microgram dose of DT120 orally disintegrating tablet in major depressive disorder met the primary endpoint along with all key secondary efficacy endpoints, the company said Monday.The study showed an 8.1-point placebo-adjusted decline in Montgomery-Asberg Depression Rating Scale scores at Week 6 (pThe company also reported a 14.2-point placebo-adjusted improvement at Week 1 (pDT120 ODT was generally well tolerated, with mostly mild to moderate adverse events, no serious adverse events and no new safety signals, including no increase in suicidal ideation or behavior, Definium said.Definium Therapeutics shares were up 32% in premarket trading.

$DFTX

Mining & Metals39d ago

Court Approves G Mining's Acquisition of G2 Goldfields

G2 Goldfields (GTWO.TO) said Monday the Ontario Superior Court of Justice granted a final order approving its previously announced arrangement with G Mining Ventures (GMIN.TO), paving the way for G Mining's acquisition of the company and the spin-out of G3 Goldfields.The transaction is expected to close in July, subject to remaining conditions, with G2 shareholders set to receive 0.212 of a G Mining share and 0.5 of a G3 share for each G2 share held.Following completion of the arrangement, G2 shares are expected to be delisted from the Toronto Stock Exchange and the OTCQX, while G3 has applied to list its shares on the Canadian Securities Exchange.

$GMIN.TO$GTWO.TO

Asia39d ago

Renova Sees Decline in Solar Power, Biomass Electricity Sales in May

Renova (TYO:9519) said its large solar PV electricity sales slipped 1.6% from a year earlier, with output reaching nearly 36 million kilowatt-hours.Electricity sales from biomass reached 221.7 million kilowatt-hours, down 7.4% from a year ago, according to a Monday filing on the Tokyo Stock Exchange.Power sales from small-scale distributed solar PV reached 11.3 million kilowatt-hours during the month under review.

TYO:9519

Asia Markets39d ago

Emirati Shares Begin New Week Upbeat; US-Iran Peace Talks Progress

United Arab Emirates stocks closed higher on the first trading day of the week, buoyed by progress in peace talks and easing tensions between the US and Iran.At the close of Monday trading, the FTSE ADX General Index was up 0.189%, while the DFM General Index added 0.324%.The US and Iran concluded their first round of talks mediated by Pakistan and Qatar in Switzerland. Both countries agreed to a 60-day roadmap towards reaching a final deal, the establishment of a direct communication line to safeguard commercial vessels passing through the Strait of Hormuz, and a mechanism to end military operations in Lebanon."While the market is pricing a reopening of the Strait, risks remain to oil supply related to the negotiations. If the negotiations around nuclear materials and operations are unsuccessful, there is no guarantee that the Strait will remain open. Further conflict in Lebanon between Israel and Hezbollah could also derail the negotiations," Berenberg said.Back at home, Abu Dhabi Registration Authority logged a 21% year-over-year growth in new economic licenses in the first quarter despite the ongoing regional developments in the Middle East.On the corporate front, Abu Dhabi National Co. for Building Materials (ADX:BILDCO), d/b/a Bildco, closed the session 0.57% in the red. The building materials company appointed Woods Bagot as the lead master planning consultant for its sustainable urban development project in Abu Dhabi.On the other hand, pure-play real estate investment trust Dubai Residential REIT (DFM:DUBAIRESI) secured inclusion in the FTSE EPRA Nareit Emerging Index following a recent review by FTSE Russell. Its shares ended the session unchanged.

^DFMGI^FADGIADX:BILDCODFM:DUBAIRESI

Research39d ago

Goldman Sachs Initiates Chagee at Neutral With $13.60 Price Target

Chagee (CHA) has an average rating of overweight and mean price target of $15.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CHA

Asia39d ago

ExaWizards Sets Up Regional Subsidiary

ExaWizards (TYO:4259) decided to establish a new subsidiary in Kyushu, Japan, with 300 million yen capital, to tackle regional labor shortages via localized AI services.ExaForward Kyushu will serve as an R&D and talent development hub for western Japan, according to a Tokyo bourse filing on Monday.The technology expects the subsidiary to be established in August and begin operations in November.

TYO:4259

Mining & Metals39d ago

Radisson Mining Resources Intersects High-Grade Mineralization at O'Brien Project in Quebec

Radisson Mining Resources (RDS.V) said Monday drilling at its O'Brien gold project in Quebec intersected multiple zones of gold mineralization at a vertical depth of 1,720 meters, extending mineralization below the historic O'Brien mine workings and beyond the company's recent resource estimate.Highlights include 4.06 grams per tonne grams per tonne (g/t) gold over 13.1 meters in drill hole OB-26-378W3, including 23.79 g/t gold over 1.0 meter, the gold exploration company said.Radisson's drill program remains active with eight drill rigs on site. In October 2025, the company announced the expansion of its step-out drill program to 140,000 meters.

$RDS.V

International39d ago

Persian Gulf, UK Leadership Outlooks Cap European Bourses Midday

European bourses tracked indifferently midday Monday as traders weighed media reports of a leadership change in the UK and ongoing peace negotiations in Switzerland between Tehran and Washington.Front-month North Sea Brent crude oil futures were down 1.6% at $78.80 a barrel in midday action.Tech and bank stocks led gains on continental trading floors, while food shares lagged.Investors also eyed muted Wall Street futures, but mostly higher closes overnight on Asian exchanges, including a fresh all-time record-high close on Tokyo's Nikkei 225.In political news, British Prime Minister Keir Starmer announced his pending resignation from his position as head of the national government and of the Labor Party.The pan-continental Stoxx Europe 600 Index was flat mid-session.The Stoxx Europe 600 Technology Index was up 1.2%, and the Stoxx 600 Banks Index gained 0.7%.The Stoxx Europe 600 Oil and Gas Index rose 0.5%, while the Stoxx 600 Europe Food and Beverage Index declined 0.3%.The REITE, a European REIT index, was steady.On the national market indexes, Germany's DAX was down 0.1%, but the FTSE 100 in London gained 0.4%. The CAC 40 in Paris was down 0.6%, while Spain's IBEX 35 lifted 0.5%.Yields on benchmark 10-year German bonds were lower, near 2.96%.The Euro Stoxx 50 volatility index was up 1.9% at 16.58, but still indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

International39d ago

US Dollar Rises Early Monday; GDP, Personal Income Key Focus

The US dollar rose against its major trading partners early Monday, except for a small decline versus the pound, as markets look ahead to the final estimate of Q1 GDP and May data on personal income, spending and prices, both later in the week.There are no US data on Monday's schedule, but Federal Reserve Governor Christopher Waller is due to speak at 9:00 am ET.Tuesday's data slate includes the Philadelphia Fed's non-manufacturing reading for June, weekly Redbook same-store sales, and S&P Global's flash manufacturing and services readings for June.Wednesday's highlights include current account data for Q1 and new home sales for May.Thursday's busy schedule includes the GDP and personal income data, as well as weekly jobless claims, durable goods orders for May, and weekly natural gas stocks.Advance trade data for June, and the final University of Michigan consumer sentiment reading for June are due to be released on Friday.A quick summary of foreign exchange activity heading into Monday:EUR/USD fell to 1.1456 from 1.1476 at the Friday close and 1.1465 at the same time Friday morning. European Central Bank President Christine Lagarde is due to speak at 8:30 am ET, followed by Eurozone consumer confidence data for June at 10:00 am ET. ECB policy board member Philip Lane is scheduled to speak at 10:10 am ET, and Lagarde is set for another appearance at 11:15 am ET. The next European Central Bank meeting is scheduled for July 23.GBP/USD rose slightly to 1.3236 from 1.3234 at the Friday close and 1.3233 at the same time Friday morning. There are no UK data on Monday's schedule. The next Bank of England meeting is scheduled for July 30.USD/JPY rose to 161.7240 from 161.2919 at the Friday close and 161.2914 at the same time Friday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.USD/CAD rose to 1.4176 from 1.4175 at the Friday close and 1.4146 at the same time Friday morning. Canadian consumer price data for May is due to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for July 15.

$EUR/USD$GBP/USD$USD/CAD$USD/JPY

Asia39d ago

Far East Hotels Forecasts Narrower Full-Year Loss

Far East Hotels and Entertainment (HKG:0037) expects a net loss of HK$7 million for the year ended March 31, narrower than HK$35 million a year prior, according to a Monday Hong Kong bourse filing.The hotel operator attributed the forecast to a higher gross profit, a narrower fair value loss recognized on its investment properties, and the reversal of provisions for discontinued operations.

HKG:0037

Asia39d ago

Changjiu Names CFO

Investment firm Changjiu (HKG:6959) appointed Shi Yuan as the vice president and chief financial officer of the company, effective June 22, according to a same-day filing on the Hong Kong Exchange.

HKG:6959

Mining & Metals39d ago

Rathdowney Resources to Raise C$600,000 Via Non-Brokered Placement

Rathdowney Resources (RTH.V) said after markets closed Friday that it arranged a non-brokered private placement of up to 24 million shares at C$0.025 each for gross proceeds of up to C$600,000.Proceeds will be used to fund expenses related to its Project Olza in Poland and for working capital and general corporate needs.

$RTH.V

US Markets39d ago

Stocks Down Pre-Bell as Traders Assess US-Iran Deal Progress, Await Key Inflation Report

The benchmark US stock measures were pointing lower before the opening bell Monday as investors monitored US-Iran peace talks and awaited a key inflation report later in the week.The S&P 500 declined 0.2%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was slightly in the red in premarket activity. The indexes finished Thursday's trading session in the green.US markets were closed Friday for the Juneteenth National Independence Day holiday.Mediators Pakistan and Qatar said in a joint statement on Sunday that the US and Iran made "encouraging progress" in the first session of high-level discussions under the memorandum of understanding signed between the two countries last week. The talks took place in Switzerland.The mediators said the US and Iran created "a mechanism for further technical talks" and agreed to establish a high-level committee to oversee the mediation process. "The high level committee has agreed upon a roadmap towards reaching a final deal within 60 days," the statement said.Earlier on Sunday, President Donald Trump in a social media post threatened renewed military action against Iran if it didn't "immediately stop their highly paid proxies in Lebanon from causing trouble."Iran reportedly said on Saturday that it closed the Strait of Hormuz again following Israel's attacks on southern Lebanon, according to various media outlets.West Texas Intermediate crude oil nudged 0.5% higher to $77 a barrel before the open, while Brent decreased 1.7% to $79.20.With no economic reports scheduled for Monday, traders await the personal income and outlays report for May, scheduled to be released on Thursday. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Last week, the Fed kept its monetary policy steady, its fourth consecutive pause, removing the so-called easing bias from its statement, while raising its interest rate expectations through 2028.The final estimate report of the first-quarter gross domestic product is also due on Thursday.Treasury yields rose in premarket action, with the two-year rate increasing 4 basis points to 4.22% and the 10-year rate inclining 3.4 basis points to 4.48%.Shares of Micron Technology (MU) rose 3.3% pre-bell with the company expected to report its latest financial results later in the week. Intel (INTC) gained 4.2% and Sandisk (SNDK) added 3.8%.Gold slipped 0.4% to $4,228 per troy ounce, while bitcoin inched up 0.1% to $64,182.

Dow JonesNasdaq CompositeS&P 500$INTC$MU$SNDK

Equities39d ago

Market Chatter: Chevron Signs 20-Year Power Deal With Microsoft for West Texas Data Center

Chevron (CVX) has signed a 20-year agreement with Microsoft (MSFT) to supply natural gas-fired power for a planned West Texas data center campus, Bloomberg reported Monday.The project, known as Project Kilby, is expected to begin supplying power in 2028 and eventually reach 2.67 gigawatts of capacity, according to the report.Chevron and Engine No. 1 plan to make a final investment decision later this year, Bloomberg reported, adding that the facility will use natural gas from the Permian Basin and operate independently of the power grid.Chevron and Microsoft did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX$MSFT

Equities39d ago

Market Chatter: Chevron Signs 20-Year Deal With Microsoft to Power Texas Data Center

Chevron (CVX) has signed a 20-year agreement with Microsoft (MSFT) to provide power via natural gas for a proposed data center in West Texas, Bloomberg reported Monday.The plant, named Project Kilby, is expected to provide its first power by 2028 and will increase to 2.67 gigawatts over time, the report said, citing a Chevron statement.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX$MSFT

Asia39d ago

Update: Tencent's WeChat Pilots AI Agent in China

(Updates throughout to add confirmation from Tencent)Tencent (HKG:0700) is testing a new artificial intelligence agent for its WeChat messaging app in China, it said Monday.In response to a request for comment on a Bloomberg News story, a spokesperson on behalf of Tencent's global communication team toldthat its Weixin team is testing the new Xiaowei AI agent. It can be used to call Mini Programs and other apps, according to limited beta testing.Xiaowei uses the WeLM large language model, the report added.

HKG:0700

Mining & Metals39d ago

CGI, NetApp Expand Partnership to Improve Clients' Data Security

CGI (GIB-A.TO) is expanding its alliance with NetApp (NTAP) to improve block storage solutions and security for clients on its shared services platform, the company said Monday.The collaboration will help clients improve their data management, and advance artificial intelligence initiatives in a more secure environment to achieve better business outcomes, a statement said.NetApp will deliver CGI's enterprise-grade data and storage services for joint clients across industries through a subscription-based service.

$GIB-A.TO

Asia39d ago

Yuk Wing Group Expects Narrower Full-Year Loss

Yuk Wing Group (HKG:1536) expects a net loss of up to HK$6 million for the year ended March 31, narrower than HK$12.2 million a year earlier, according to a Hong Kong bourse filing.The rock drilling tools manufacturer attributed the forecast to a reversal in expected credit loss provisions on trade receivables.

HKG:1536

Equities39d ago

Chevron Signs 20-Year Deal With Microsoft to Power Texas Data Center, Bloomberg Reports

$CVX$MSFT

Showing 20621-20640 of 64938

US Markets39d ago

Stocks Down Pre-Bell as Traders Assess US-Iran Deal Progress, Await Key Inflation Report

Dow JonesNasdaq CompositeS&P 500$INTC$MU$SNDK