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Equinor Advances Johan Sverdrup Phase 4 After New Oil Finds

Equinor ASA (EQNR) said Monday it is advancing a fourth phase of development at the Johan Sverdrup field in the North Sea after new appraisal wells confirmed additional recoverable oil volumes in the area.The discoveries at Tonjer and Geitungen are estimated at 20-30 million barrels of oil equivalent and will be developed through a subsea tieback to existing infrastructure at Norway's largest oil-producing field, it said.The company said the project will help sustain long-term production while keeping costs and emissions low by leveraging existing facilities. First output from the new phase is expected around 2029, subject to a final investment decision, it added.

$EQNR

Treasury43d ago

April's Manufacturing, Wholesale and Retail Data to Point to Canada's Growth Rebound, Says RBC

April's manufacturing and wholesale reports on Monday, and retail sales on Friday, should support the Bank of Canada's and RBC's outlook that Canada's growth will resume in Q2 after Q1's contraction, said the bank.Statistics Canada's advanced estimate is a 4.6% month-over-month rise in manufacturing sales and a 0.6% month-over-month increase in retail sales. Part of this reflects higher oil prices, noted the bank.However, manufacturing sales volume would still be up nearly 3% after accounting for that, and there's little evidence so far that high gasoline prices are crowding out retail spending in other areas, stated RBC.Wholesale sales -- excluding oil -- likely held onto strength in April after a larger 1.9% month-over-month nominal increase, or 1.7% real, in March.Home resales in May should also point to further stabilization in housing markets, with some of the least affordable and most depressed larger cities -- like Toronto -- showing green shoots in early reports, pointed out the bank.Overall, data should be broadly consistent with the preliminary estimate that real Canadian gross domestic product rose 0.4% month-over-month in April, according to RBC. However, these advance monthly production estimates have been highly volatile, prone to revisions and are less reliable than usual as a gauge for quarterly GDP growth.Importantly, headline GDP and employment data also remain heavily influenced by large population swings, added the bank. Quarterly demographics estimates on Wednesday are expected to show a third consecutive decline in population in Q1 due to a rapidly shrinking pool of non-permanent residents.That should leave recent softer GDP numbers still looking better on a per-capita basis.

$CXY

Commodities43d ago

Offshore Norway Reaches Deal With Styrke, SAFE to Launch Industrial Action

Offshore Norway on Monday said it has reached a deal with trade union Styrke, but failed to reach an understanding with the Norwegian Union of Energy Workers, also known as SAFE, during weekend negotiations.Offshore Norway is representing the oil industry in talks with trade unions Styrke, Safe, and Lederne representing about 8,000 offshore industry workers at Norwegian oil and gas installations.During the weekend, it was mediating on an oil service agreement with Styrke and a well service agreement with SAFE, with both unions having identical agreements, the statement said.After an agreement could not be reached, SAFE has informed that about 154 of its members will initially launch a strike in SLB (SLB), DOF Subsea, Halliburton (HAL), Weatherford (WFRD), Tios and DeepOcean. The strike will be further escalated from Thursday to involve another 224 members employed at SLB, Cactus (WHD), Subsea 7, Weatherford, DeepOcean, Vetco Gray Scandinavia and Baker Hughes (BKR).For Styrke members, the salary grid will increase by NOK 47,000 from June 1 and by another NOK 5,000 Jan. 1 2027, including offshore compensation and holiday pay. Shift and night allowances, public holiday compensation, and minimum wage rates will also be increased and several technical changes will be made to the agreements, the statement said.About 7,200 employees are covered by the two oil service agreements that were subject to negotiations, the statement said.The employees represented the following supplier companies: Altus Intervention, Baker Hughes Norge, Baker Hughes Technology, Benor, Ccb Subsea, Claxton Engineering Services, Deepocean, DOF Subsea Norway, DOF Subsea, Norway Offshore, Enhanced Drilling, Expro Norway, Fugro Norway, Avd. Bergen, Halliburton, Intertek West Lab, Interwell Norway, IOS Tubular Management, KCA Deutag Drilling Norge, Landmark Graphics, Maersk Training, Maritime Drilling Systems, Nosefo Bergen, Nosefo Tau, Oceaneering, Oceaneering Asset Integrity, Onesubsea AS Avd Agotnes, Onesubsea Processing, PSW Technology, Ramco Norway, and Rely0n Nutec.has reached out to Styrke and SAFE separately for comments.

Equities43d ago

Raymond James Adjusts PT on Devon Energy to $66 From $72, Maintains Strong Buy Rating

Devon Energy (DVN) has an average rating of buy and mean price target of $61.27, 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)

$DVN

Asia43d ago

Chinese Regulators Warn Shanxi Meijin Energy Chairman for Failure to Disclose Fund Usage

Securities regulators in China's Shanxi province issued a warning letter against Shanxi Meijin Energy (SHE:000723) Chairman Yao Jinlong and other officials for failing to disclose fund usage.Yao will be able to appeal the ruling within 60 days, according to a Saturday filing with the Shenzhen bourse.

SHE:000723

Asia43d ago

Toyokumo's Preliminary Sales Climbs 31% in May

Toyokumo (TYO:4058) posted a preliminary monthly sales of 511 million yen in May, up 31% from the same month a year earlier, according to a Monday filing on the Tokyo Stock Exchange.Cumulative sales for the first five months of fiscal year 2026 reached 2.4 billion yen, a 30% increase year on year.

TYO:4058

Asia43d ago

Dear Life Acquires Two Income-Producing Condo Properties in Tokyo

Dear Life (TYO:3245) has acquired two income-producing condominiums in Katsushika-ku, Tokyo, namely DeLCCS Kameari II (2-chome) and DeLCCS Kameari III (4-chome) at undisclosed prices.Both acquisitions were funded through internal capital and bank borrowings, though the purchase prices and seller identities cannot be disclosed due to confidentiality agreements, according to a Tokyo bourse filing on Monday.

TYO:3245

Equities43d ago

Axis Capital Upgrades Oil and Natural Gas to Reduce from Sell; Price Target is INR230

Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 313.19 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:500312NSE:ONGC

Research43d ago

UBS Starts Lenskart Solutions at Buy with INR730 Price Target

Lenskart Solutions (NSE:LENSKART, BOM:544600) has an average rating of overweight and mean price target of 586.16 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:544600NSE:LENSKART

Asia43d ago

Market Chatter: HDFC Bank Begins Search for New CFO

HDFC Bank (NSE:HDFCBANK, BOM:500180) has started searching for a new chief financial officer as the tenure of current CFO Srinivasan Vaidyanathan is set to end in October, Moneycontrol reported, citing sources.The bank has approached senior industry executives for the role and may not extend Vaidyanathan's term, according to the report.The search started after the recent departure of Bhavin Lakhpatwala, a long-serving HDFC Bank executive who joined RBL Bank as CFO, Moneycontrol said. He was considered a potential successor to Vaidyanathan, the report added.Vaidyanathan could receive a one-year extension if the selection process remains unresolved, the report said.(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:500180NSE:HDFCBANK

Research43d ago

Barrenjoey Markets Starts Turaco Gold at Overweight with AU$1.15 Price Target

Turaco Gold (ASX:TCG) has an average rating of buy and mean price target of AU$1.62, 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)

ASX:TCG

Research43d ago

Update: Morgan Stanley Initiates Lincoln International at Equalweight With $27 Price Target

(Updates to add price target.)(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)

$LCLN

Research43d ago

CLSA Starts Naver at Accumulate with KRW300,000 Price Target

Naver (KRX:035420) has an average rating of overweight and mean price target of 314,518.53 won, 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)

KRX:035420

Research43d ago

CLSA Starts Kakao at Hold with KRW42,000 Price Target

Kakao (KRX:035720) has an average rating of overweight and mean price target of 67,240 won, 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)

KRX:035720

Asia43d ago

Largan Precision Buys Machinery Worth NT$648 Million

Largan Precision (TPE:3008) acquired machinery worth NT$647.6 million from Hans Laser Technology Industry Group (SHE:002008).The machinery was purchased between Sept. 4, and June 15, for production use, according to a Monday Taiwan Exchange filing.

SHE:002008TPE:3008

Research43d ago

Kasikorn Securities Downgrades PTT Exploration & Production to Neutral from Outperform; Price Target is THB152

PTT Exploration & Production (BKK:PTTEP) has an average rating of overweight and mean price target of 168.74 baht, 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)

BKK:PTTEP

Research43d ago

Morgan Stanley Upgrades Ferrari to Overweight From Equalweight, Raises Price Target to $438 From $388

Ferrari (RACE) has an average rating of overweight and mean price target of $443.24, 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)

$RACE

Asia43d ago

Vedanta Group Demerger Shares List on Indian Exchanges

Shares of four Vedanta Group companies including, Vedanta Aluminium Metal (NSE:VAML, BOM:544780), Vedanta Power (NSE:VEDPOWER, BOM:544781), Vedanta Oil & Gas (NSE:VOGL, BOM:544782) and Vedanta Iron & Steel (NSE:VISL, BOM:544784), started trading on Indian exchanges on Monday, marking the completion of the group's demerger, according to separate stock exchange filings by the demerged entities.The restructuring splits Vedanta into sector-focused companies, each operating independently.The listing follows a 1:1 demerger structure, under which shareholders received one share in each of the demerged entities for every Vedanta (NSE:VEDL, BOM:500295) share held prior to the restructuring, Live Mint reported Monday.Based on debut prices, the combined implied value of the demerged entities stands at 943.5 rupees per share of the original Vedanta stock, compared with 773.25 rupees before the demerger, according to the report.The demerger was approved by the National Company Law Tribunal in December 2025, Mint said.Vedanta Aluminium, Vedanta Oil & Gas and Vedanta Iron & Steel fell around 5% in Monday's trade. Vedanta Power fell over 2%.

BOM:500295BOM:544780BOM:544781BOM:544782BOM:544784NSE:VAMLNSE:VEDLNSE:VEDPOWERNSE:VISLNSE:VOGL

Asia43d ago

Tasuki Upgrades to TSE Prime Market Segment

Tasuki (TYO:166A) said its market segment has been upgraded from the Tokyo Stock Exchange's Growth Market to the Prime Market, effective Monday, according to a same-day bourse disclosure.The Tokyo Stock Exchange's Prime Market is designed for large, globally competitive companies with high liquidity and rigorous corporate governance standards.The Growth Market serves as an incubator for emerging firms with high growth potential, albeit with shorter operating histories and fewer compliance obligations.

TYO:166A

Research43d ago

Compass Point Initiates Brookdale Senior Living at Buy With $22 Price Target

Brookdale Senior Living (BKD) has an average rating of buy and mean price target of $19.10, 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)

$BKD

Showing 21681-21700 of 62409

Commodities43d ago