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China Datang Renewable's Output Slips 9% in May

China Datang Renewable Power (HKG:1798) recorded power generation of around 2.8 million megawatt-hours in May, down 9% from a year ago, according to a Thursday Hong Kong bourse filing.Of the total, wind power output slipped nearly 10% to around 2.3 million megawatt-hours, while photovoltaic power generation fell nearly 7% to 454,552 megawatt-hours.For the January to May period, output fell 10% to 14.5 million megawatt-hours. Of this, wind power output declined 13% to 12.5 million megawatt-hours and photovoltaic power output was 2.1 million megawatt-hours, up 13% year over year.

HKG:1798

Research42d ago

Toromont Industries Upgraded to Outperform at Raymond James

Toromont Industries (TIH.TO) was upgraded to Outperform from Market Perform at Raymond James on Thursday.Analyst Steve Hansen raised his price target on shares of the Canadian heavy equipment dealer to $235 from $190 following its business update.Hansen said it "reinforced our conviction in the durability of the firm's Power Systems (including AVL) growth outlook.""Specifically, management announced that its Power Systems division has accumulated ~$1.0 billion in firm orders, with deliveries expected substantially throughout 2027," the analyst said in a note to clients.''We believe this update further validates the durability of AVL's data centre-driven growth opportunity and augments TIH's long-term earnings visibility," Hansen said.(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)

$TIH.TO

Mining & Metals42d ago

Manhattan Uranium Discovery to Begin Trading on the OTCQB Venture Market

Manhattan Uranium Discovery's (MANU.V) shares will begin trading on the OTCQB Venture Market in the United States, under the symbol "MAUUF", effective at the market open on June 22, it said on Thursday.The company's shares will continue to trade on the TSX Venture Exchange under the symbol "MANU" and on the Frankfurt Stock Exchange under the symbol "J5B0", the company added."With the majority of Manhattan Uranium's project portfolio situated in the United States, gaining direct access to U.S. investors through the OTCQB was a clear and immediate priority," said Galen McNamara, CEO of Manhattan. "The OTCQB provides American investors with a familiar and accessible way to participate in our story as we advance our portfolio toward key catalysts. We look forward to continuing to build our U.S. shareholder base as we execute on our near-term objectives."

$MANU.V

Treasury42d ago

BMO on The Day Ahead in Canada

Canada will release the May producer prices at 8:30 a.m. ET on Thursday, said Bank of Montreal (BMO).The bank is calling for another 2.5% increase in the month, although this may be a bit dated given the slump in energy prices so far in June.If peace holds between the United States and Iran and stability continues in energy markets, the inflation concerns will turn to monitoring how much of this shock will persist and/or permeate to other goods, pointed out BMO in a note.So far, consumer prices have "behaved surprisingly well" when excluding energy, but the bank added it will know more when the May report is out next week.The US dollar (USD) index (+0.6%) continues to climb while the Canadian dollar (CAD or loonie) has weakened to $1.412 (70.8 cents US) early Thursday, according to BMO.

$CAD$CXY$USD

Mining & Metals42d ago

enCore Energy's Dewey Burdock Uranium Project Receives BLM Approval

enCore Energy's (EU.V, EU) Dewey Burdock uranium in-situ recovery (ISR) project in South Dakota has received approval from the Bureau of Land Management (BLM), the company said on Thursday.The approval means enCore can now begin infrastructure construction for the ISR project.The permitted work under the BLM environmental assessment includes constructing parts of the primary and secondary access roads, four groundwater monitoring wells, and overhead power lines, a statement added.enCore Energy shares fell $0.05, to $2.30 on the Toronto Stock Exchange on Wednesday.

$EU.V

Asia42d ago

HKC International Warns of Wider Fiscal-Year Loss

HKC International (HKG:0248) expects an attributable loss of HK$38 million for the year ended March 31, wider than HK$27 million a year prior, according to a Thursday Hong Kong bourse filing.The smart technology company attributed the forecast to a lower revenue and gross profit, as well as higher administrative and other operating expenses.

HKG:0248

Research42d ago

Goldman Sachs Initiates Coverage on Talen Energy With Buy Rating, $499 Price Target

Talen Energy Corp (TLN) has an average rating of buy and mean price target of $469.20, according to analysts polled by FactSet.

$TLN

Asia42d ago

CMON Eyes HK$146.2 Million from Rights Issue

CMON (HKG:1792) is proposing a three-for-one rights share issue to raise up to around HK$146.2 million in net proceeds, according to a Thursday Hong Kong bourse filing.The tabletop games maker is looking to issue 185.8 million shares at HK$0.81 apiece to qualifying shareholders under the issue.The company will use proceeds for debt repayment, business expansion, and for general working capital.

HKG:1792

Research42d ago

Argus Research Upgrades Integra LifeSciences to Buy From Hold, $25 Price Target

Integra LifeSciences Holdings (IART) has an average rating of hold and mean price target of $16.71, according to analysts polled by FactSet.

$IART

Research42d ago

Lundin Mining Price Target Raised to $47 at RBC

RBC Capital Markets raised its price target on Lundin Mining Corp. (LUN.TO) to $47 from $42.Analyst Sam Crittenden maintained a Sector Perform rating on shares of the Vancouver-based mining company following its Capital Markets Day.Crittenden said the event "reinforced a compelling long-term copper-growth narrative anchored by the imminent sanctioning of Vicuna, a potential top-5 global copper, gold and silver complex, alongside tangible near-term brownfield opportunities at Candelaria, Caserones, and Chapada.""With Vicuna sanction targeted by year-end and +500ktpa production growth on the horizon, the growth case is clear," the analyst said in a note to clients."With the shares pricing in success at Vicuna and trading at a premium to peers, we reiterate our Sector Perform rating and raise our target."

$LUN.TO

Research42d ago

BofA Initiates Immix Biopharma at Buy With $27 Price Target

Immix Biopharma (IMMX) has an average rating of buy and mean price target of $19.79, 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)

$IMMX

Mining & Metals42d ago

Prosper Gold to Sell Golden Sidewalk Project in Ontario to Kenorland Minerals

Prosper Gold (PGX.V) has agreed to sell the Golden Sidewalk and Skinner properties in Ontario to Kenorland Minerals (KLD.V) for C$1 million, Prosper Gold said Thursday.The Golden Sidewalk project covers over 160 square kilometers, and Prosper Gold has not conducted any significant exploration activities at the site for the period ended Jan. 31, the company said.The transaction needs approval of Prosper Gold shareholders during a meeting scheduled in August.Prosper Gold's board unanimously recommended that shareholders vote in favor of the sale, the company said.

$KLD.V$PGX.V

International42d ago

US Dollar Rises Early Thursday Ahead of Jobless Claims, Philadelphia Fed Manufacturing

The US dollar rose against its major trading partners early Thursday ahead of the release of weekly jobless claims and the Philadelphia Federal Reserve's manufacturing reading for May, both at 8:30 am ET.Leading indicators data for May are due to be released at 10:00 am ET, followed by weekly natural gas stocks at 10:30 am ET and Treasury international capital data for April at 4:00 pm ET, leading into the long holiday weekend.A quick summary of foreign exchange activity heading into Thursday:EUR/USD fell to 1.1460 from 1.1494 at the Wednesday US close and 1.1594 at the same time Wednesday morning. The Eurozone current account widened in April while construction output growth slowed in the same month, according to data released earlier Thursday. European Central Bank policy board member Philip Lane is due to speak at 8:15 am ET. The next European Central Bank meeting is scheduled for July 23.GBP/USD fell to 1.3212 from 1.3284 at the Wednesday US close and 1.3409 at the same time Wednesday morning. The Bank of England maintained its policy rate at its meeting earlier Thursday, as expected. The next Bank of England meeting is scheduled for July 30. The UK unemployment rate declined in April while employment growth slowed in the same month, and jobless claims growth accelerated in May, according to data released earlier Thursday.USD/JPY rose to 160.9186 from 160.7288 at the Wednesday US close and 160.2799 at the same time Wednesday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for July 30-31.USD/CAD rose to 1.4126 from 1.4118 at the Wednesday US close and 1.4015 at the same time Wednesday morning. Canadian industrial product and raw materials prices for May are 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

Japan42d ago

Signed US-Iran Peace Deal Lifts US Equity Futures Pre-Bell

US equity futures were higher pre-bell Thursday after the US and Iran digitally signed an agreement aimed at ending the war in the Middle East.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.4% higher.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran. Amid criticism that Iran came out with the better end of the deal, Trump said in a post on Truth Social that people thinking he was not tough enough on the Middle Eastern nation were "either jealous, bad people, or stupid."All three major US stock indexes ended lower on Wednesday after Federal Reserve officials signaled a potential rate hike by the end of 2026 as inflation remains elevated.Traders observed the latest round of earnings, with Accenture (ACN) posting higher fiscal Q3 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.5% at $78.36 per barrel and US West Texas Intermediate crude 2.2% lower at $75.13 per barrel.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 225,000 new unemployment claims for the week ended June 13, down from 229,000 in the prior week, according to estimates compiled by Bloomberg. The Philadelphia Fed's regional manufacturing index for May is seen coming in at 10.0, swinging from negative 0.4 posted previously.

Dow JonesNasdaq CompositeS&P 500$ACN

Research42d ago

B. Riley Initiates Coverage on MSC Income Fund With Buy Rating, $13 Price Target

MSC Income Fund (MSIF) has an average rating of overweight and mean price target of $14.86, according to analysts polled by FactSet.

$MSIF

Research42d ago

Monness Crespi & Hardt Upgrades Salesforce to Buy From Neutral

Salesforce (CRM) has an average rating of overweight and mean price target of $247.77, according to analysts polled by FactSet.

$CRM

Wire42d ago

Aurora Mobile Unit Partners With AI Storm on AI-Powered Customer Operations in Japan

Aurora Mobile's (JG) Japanese subsidiary has entered into a partnership with AI Storm to advance AI-powered customer operations and digital transformation initiatives in the Japanese market, the company said Thursday.Financial terms were not disclosed.As part of the deal, Aurora Mobile has launched an implementation and verification project for its EngageLab and GPTBots.ai products within the live business environment of Nippon Telesystem, a wholly owned subsidiary of AI Storm, the company said.Shares of the company were up 9.1% in Thursday premarket trading.

$JG

Asia42d ago

YGM Trading Expects Wider Fiscal-Year Loss

YGM Trading (HKG:0375) expects an attributable consolidated loss of up to HK$40 million for the year ended March 31, wider than HK$24 million a year ago, according to a Thursday Hong Kong bourse filing.The apparel manufacturer attributed the forecast to a fair value loss on investment properties and an impairment loss on intangible assets.

HKG:0375

International42d ago

Hawkish Fed Outlook Damps European Bourses Midday

European bourses tracked moderately lower midday Thursday as traders mulled the somewhat hawkish commentary that new Federal Reserve Chair Kevin Warsh delivered overnight, and prospects for a tighter US monetary policy in the seasons ahead.Food and property stocks led broad, tempered losses on continental trading floors.Investors also eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges.In economic news, the Bank of England held its key policy interest rate steady at 3.75%, while the Swiss National Bank left its policy rate unchanged at 0%.The pan-continental Stoxx Europe 600 Index was off 0.6% mid-session.The Stoxx Europe 600 Technology Index was down 0.1%, and the Stoxx 600 Banks Index lost 0.4%.The Stoxx Europe 600 Oil and Gas Index eased 0.5%, while the Stoxx 600 Europe Food and Beverage Index declined 1.1%.The REITE, a European REIT index, fell 1.9%.On the national market indexes, Germany's DAX was down 0.1%, and the FTSE 100 in London lost 1%. The CAC 40 in Paris was down 0.2%, and Spain's IBEX 35 eased 0.6%.Yields on benchmark 10-year German bonds were higher, near 2.94%.Front-month North Sea Brent crude-oil futures were down 1% at $78.72 a barrel.The Euro Stoxx 50 volatility index was steady at 16.59, 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

Asia42d ago

Strong Petrochemical Warns of Wider H1 Loss

Strong Petrochemical (HKG:0852) expects an attributable loss of between HK$62 million and HK$66 million for the six months ended June 30, wider than HK$8.8 million a year prior, according to a Thursday Hong Kong bourse filing.The oil product company attributed the forecast to a lower gross profit and higher administrative expenses.

HKG:0852

Showing 20881-20900 of 64069

International42d ago

US Dollar Rises Early Thursday Ahead of Jobless Claims, Philadelphia Fed Manufacturing

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