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Market Chatter: Adani Green Energy in Early Talks for $1 Billion Offshore Loan

Adani Green Energy (NSE:ADANIGREEN, BOM:541450) is in early discussions to raise up to $1 billion through an offshore loan, Bloomberg reported Wednesday, citing people familiar with the matter.The company is seeking to raise a five-year dollar-denominated facility in two tranches over the next three months. The facility will be priced over the Secured Overnight Financing Rate (SOFR), the people told Bloomberg.Proceeds from the proposed borrowing are expected to be used for capital expenditure and other general corporate purposes.The discussions remain at a preliminary stage and terms may change, the report said.Adani Green Energy did not immediately respond to' request for comment.Shares of the company fell over 1% in recent trade.(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.)

BOM:541450NSE:ADANIGREEN

Research42d ago

Masterlink Securities Upgrades TXC Corporation to Buy from Hold; Price Target is NT$310

TPE:3042

Research42d ago

Bernstein Initiates Vistra at Outperform With $181 Price Target

Vistra (VST) has an average rating of buy and mean price target of $230.29, 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)

$VST

Research42d ago

Bernstein Initiates Constellation Energy at Outperform With $296 Price Target

Constellation Energy (CEG) has an average rating of buy and mean price target of $365.11, 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)

$CEG

Research42d ago

Bernstein Initiates GE Vernova at Outperform With $1,206 Price Target

GE Vernova (GEV) has an average rating of overweight and mean price target of $1,240.22, 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)

$GEV

Equities42d ago

IEA Forecasts Oil Market Recovery in 2027 After US-Iran Deal

The International Energy Agency expects the oil market to recover in 2027 following weak demand amid disruptions arising from the Middle East war, after the US and Iran reached an interim peace deal that could lead to a reopening of the Strait of Hormuz.In its June oil market report published Wednesday, the IEA said global oil demand is anticipated to decline by 1.1 million barrels per day year over year in 2026, a downgrade of 700,000 barrels per day from its previous month's forecast, as deliveries fell in the second quarter due to increased fuel prices and supply disruptions. Meanwhile, global supply is forecast to drop by 3.9 million barrels of oil per day on average in 2026, to 102.4 million barrels per day, before rebounding to 110.3 million barrels per day in the next year."Further declines in the coming months could still take global oil stocks to historic lows before the market balance shifts to surplus towards the end of the year," the IEA noted.Looking ahead, a rebound in demand growth of a "modest" 2 million barrels per day is projected in 2027 as trade flow normalizes, oil prices decline and the economic outlook brightens, under the assumption that the deal holds."While the US‑Iran interim agreement paves the way for a rebound in Middle East exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the IEA said.The US-Iran agreement is set to be signed on Friday in Switzerland.

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Research42d ago

Raymond James Initiates Chiron Real Estate at Market Perform

Chiron Real Estate (XRN) has an average rating of overweight and mean price target of $39.76, 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)

$XRN

Research42d ago

Raymond James Initiates Janus Living at Strong Buy With $34 Price Target

Janus Living, Inc. Class A (JAN) has an average rating of buy and mean price target of $29.92, 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)

$JAN

Research42d ago

SMBC Nikko Upgrades Otsuka Holdings to Outperform from Neutral; Price Target is 12,500 Yen

Otsuka Holdings (TYO:4578) has an average rating of overweight and mean price target of 12,713.85 yen, 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)

TYO:4578

Research42d ago

Roth Capital Initiates Nano Nuclear Energy at Buy

Nano Nuclear Energy (NNE) has an average rating of buy and mean price target of $45.60, 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)

$NNE

Research42d ago

President Capital Management Upgrades Block to Buy From Neutral, Adjusts PT to $86 From $61

Block (XYZ) has an average rating of buy and mean price target of $89.87, 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)

$XYZ

Research42d ago

Mizuho Upgrades Huntsman to Neutral From Underperform, Adjusts Price Target to $14 From $10

Huntsman (HUN) has an average rating of hold and mean price target of $14.77, 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)

$HUN

Asia42d ago

Nomura Upgrades Sumitomo Osaka Cement to Buy from Neutral; Price Target is 7,060 Yen

Sumitomo Osaka Cement (TYO:5232) has an average rating of overweight and mean price target of 5,510 yen, 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)

TYO:5232

International42d ago

Eurozone's Annual Inflation Rate Confirmed at 3.2% in May

Annual inflation in the euro area rose to 3.2% in May from 3% in April, according to final data from Eurostat published Wednesday.The final reading is consistent with the flash estimate.On a monthly basis, consumer prices were 0.1% higher, matching the preliminary reading.Excluding energy, food, alcohol and tobacco, the annual inflation rate came in at 2.6%, above the initial reading of 2.5% and the previous month's 2.2%. Month over month, core consumer prices were 0.3% higher, in line with the preliminary estimate.

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Oil & Energy42d ago

IEA Cuts 2026 Oil Demand Reduction, US-Iran Deal Signals 2027 Supply Surge

The International Energy Agency cut its 2026 global oil demand contraction by 700,000 barrels per day to 1.1 million barrels per day, following a severe plunge in Q2, though an interim US-Iran peace pact is expected to trigger a massive 8 mmbbl/d supply surge by 2027, the agency said Wednesday.The market is poised for a sharp recovery in 2027, with demand forecast to bounce back by 2 mb/d to average 105.3 mb/d as trade flows normalize and prices cool, IEA said in its month oil market report.On the supply side, global output is set to contract by 3.9 mb/d to 102.4 mb/d in 2026 before surging by 8 mb/d to 110.3 mb/d in 2027, it said.A major breakthrough via an interim agreement between the US and Iran scheduled to be signed on June 19 in Switzerland aims to end the Middle East conflict, lift the US blockade on Iranian crude, and reopen the Strait of Hormuz.In anticipation, ICE Brent futures have retreated below $80/bbl, down $37/bbl from their early April peak.While shipping lanes are already seeing early traffic increases rebounding from a May low of 9.6 mb/d to 12 mb/d via ship-to-ship transfers, a full recovery faces downside risks from prolonged demining and unresolved transit logistics, it noted.Crude imports into China and Japan collapsed by a combined 6 mb/d, the IEA said.While Atlantic Basin exports rose by 3.5 mb/d to markets East of Suez boosted by robust Americas production and aggressive US Strategic Petroleum Reserve releases.Looking ahead to 2027, initial balances indicate a substantial 5 mb/d supply overhang, as production growth outpaces demand, offering nations a critical window to replenish depleted strategic reserves, it noted.

Asia42d ago

Puravankara Acquires Land Parcel in Bengaluru, India

Puravankara (NSE:PURVA, BOM:532891) has acquired a 9.73-acre land parcel in North Bengaluru's Devanahalli corridor.The project has a development potential of about 890,000 square feet and an estimated gross development value of 8 billion rupees, according to an Indian bourse filing on Wednesday.Shares of the company rose over 1% in recent trade.

BOM:532891NSE:PURVA

Asia42d ago

Jefferies Adjusts Navin Fluorine International's Price Target to INR8,700 from INR8,385, Keeps at Buy

Navin Fluorine International (BOM:532504, NSE:NAVINFLUOR) has an average rating of overweight and mean price target of 7,417.41 Indian rupees, 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)

BOM:532504NSE:NAVINFLUOR

Research42d ago

Peloton Capital Starts Broken Hill Mines at Speculative Buy with AU$1.10

ASX:BHM

Commodities42d ago

Update: Workers, Inpex Reach Agreement as Loading Resumes at Ichthys LNG Facility

(Updates to add Inpex statement in paragraphs 2 & 3)Japanese energy company Inpex on Wednesday reached an agreement with striking workers at its 9.3 million metric-ton-a-year Ichthys liquefied natural gas export facility in Darwin, northern Australia."Protected industrial action has ceased at the Ichthys LNG facilities and we are pleased to confirm cargo loading has recommenced," Inpex senior vice president corporate, Bill Townsend said in an emailed statement to.An in-principle agreement has been reached between the parties, the statement added.A statement shared by a representative for Offshore Alliance confirmed the agreement."Following months of negotiations and the prospect of further protected industrial action, Offshore Alliance members have won an agreement that delivers significant gains in job security, pay, career progression, workplace rights and working arrangements."Key terms of the agreement include a provision to prevent permanent jobs from being outsourced to lower-cost labor hire contractors, industry-standard pay and allowances and a competency-based career progression framework.There are also stronger employee representation rights, and an improvement in roster flexibility and over-cycle arrangements for offshore workers, the statement added.Offshore Alliance is a partnership between the Australian Workers' Union and the Maritime Union of Australia, and covers workers in the offshore oil and gas industry.The union had called for a protected industrial action from June 11-23 at the Ichthys facility after initiating a limited strike earlier in the month.On Sunday, the Fair Work Commission, an Australian labor tribunal, rejected an application by Inpex to halt a strike by 400 oil and gas workers at the Ichthys LNG project.

Asia42d ago

Xingyun Technology's Subsidiary Signs 1.01 Billion Yuan Computing Power Service Deal

Xingyun Technology's (SHE:300209) subsidiary, Shenzhen Xingyun Holdings, entered into a 1.01 billion yuan computing power service agreement with a customer, according to a Shenzhen bourse filing on Wednesday.Shenzhen Xingyun will provide the services to the client within five years.The Chinese packaging production equipment manufacturer's shares jumped 9% at the close.

SHE:300209

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