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India's Bharat Petroleum Reports Decline in Fiscal Q1 Throughput

Bharat Petroleum, the Indian state-owned oil and gas company, on Wednesday reported consolidated fiscal Q1 throughput of 10.15 million metric tons, down from 10.42 million tons in the corresponding quarter last year.For the quarter ended June 30, the company's downstream petroleum revenue stood at 1.595 trillion Indian rupees ($16.51 billion), up from 1.296 trillion rupees in the year-ago period.Revenues from exploration and production of hydrocarbons stood at 477.70 million rupees in Q1, up from 368 million rupees last year.In Q1, the group reported domestic sales of 13.62 million tons, up from 13.58 million tons in the year-ago period.The company reported a 0.29% year-on-year domestic market sales growth for the quarter, compared with reported growth of 3.19% last year.In Q1, export sales were reported at 510,000 tons, compared with 450,000 tons last year.

Research4d ago

Raymond James Initiates Circle Internet at Market Perform

Circle Internet (CRCL) has an average rating of overweight and mean price target of $123.08, 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)

$CRCL

Mining & Metals4d ago

Volta Metals to Buy Remaining 20% Interest of Springer Deposit in Ontario

Volta Metals (VLTA.CN) agreed with RZJ Capital Management, to buy the remaining 20% interest in the Springer Rare Earth Element and Gallium deposit, located near Sturgeon Falls, Ontario, for C$1 million in cash and 10-million common shares of the company at C$0.20 apiece, it said in a statement on Wednesday.Upon closing of the deal, Volta will have the right to acquire 100% of the registered and beneficial interest in the property, including all mining patents, mining claims, surface rights and easement rights, subject only to existing royalties and permitted encumbrances.

$VLTA.CN

Research4d ago

Baird Initiates Coverage on DigitalOcean With Outperform Rating

DigitalOcean Holdings (DOCN) has an average rating of overweight and mean price target of $178.73, 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)

$DOCN

Asia Markets4d ago

Chip Caution, Oil Prices Dent Wall Street Pre-Bell; Asia Mixed, Europe Up

Wall Street futures pointed moderately lower pre-bell Wednesday as traders weighed rising oil prices, and again assessed rich values of AI- and semiconductor-sector shares.In the futures, the S&P 500 fell 0.2%, the Nasdaq declined 0.6% and the Dow Jones was off 0.1%.West Texas Intermediate crude oil traded up 3.3% at $87.13, in morning hours.The VanEck Semiconductor fund (SMH) traded down 1.7% pre-bell, after a 4.5% rise on Tuesday.However, Super Micro Computer (SMCI) shares rose 16.5% pre-bell after the AI-server maker issued a business update late Tuesday, revealing $60 billion order backlog and a surge in expected profit margins.Alphabet (GOOG, GOOGL), and Tesla (TSLA) are slated to report earnings after-bell.Asian exchanges traded unevenly overnight, pressured by rising oil prices.European bourses tracked moderately north midday on the continent.On the economic calendar is the Atlanta Fed Business Inflation Expectations report for July at 10 am ET, followed by the weekly EIA petroleum status bulletin at 10:30 am.In premarket action, Bitcoin traded at $65,930, and 10-year US Treasuries offered 4.63%. Spot gold commanded $4,119 an ounce.

Dow JonesNasdaq CompositeS&P 500

Research4d ago

Baird Initiates Coverage on Nebius With Outperform Rating

Nebius Group (NBIS) has an average rating of overweight and mean price target of $270.80, 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)

$NBIS

Mining & Metals4d ago

Earnings Flash (ECOM.V) EMERGE Commerce Sees Preliminary Q2 Revenue C$9.0M-C$9.1M

$ECOM.V

Research4d ago

BTIG Research Initiates Coverage on Turning Point Brands With Buy Rating, $103 Price Target

Turning Point Brands Inc (TPB) has an average rating of Buy and mean price target of $125.50, 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)

$TPB

Research4d ago

Bernstein Initiates Affirm Holdings at Outperform

Affirm Holdings (AFRM) has an average rating of overweight and mean price target of $93.43, 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)

$AFRM

Mining & Metals4d ago

Earnings Flash (RCI) Rogers Communications Reports Q2 Revenue C$5.62B

$RCI

Mining & Metals4d ago

Earnings Flash (RCI) Rogers Communications Posts Q2 Adjusted EPS C$1.15 per Share

$RCI

Asia4d ago

Suzhou Ribo Reports Positive Phase 2a Results for Vortosiran

Suzhou Ribo Life Science (HKG:6938) reported positive Phase 2a results for its investigational therapy vortosiran (RBD4059) in patients with chronic coronary artery disease.The study showed the small interfering RNA therapy was generally well tolerated and achieved dose-dependent, long-lasting suppression of coagulation factor XI activity in patients receiving aspirin therapy, with no treatment-related serious adverse events or major bleeding reported, according to a Hong Kong bourse filing on Wednesday.

HKG:6938

Research4d ago

BTIG Research Initiates Coverage on Keel Infrastructure With Buy Rating, $8 Price Target

Keel Infrastructure Corp. (KEEL) has an average rating of Buy and mean price target of $6.29, 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)

$KEEL

Research4d ago

BTIG Research Initiates Ispire Technology With Buy Rating, $3.50 Price Target

Ispire Technology (ISPR) has an average rating of Buy and mean price target of $5, 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)

$ISPR

Asia4d ago

OrbusNeich Medical Enrolls First Patient in Japan Trial of Coronary Balloon

OrbusNeich Medical Group (HKG:6929) enrolled the first patient in a clinical trial of its proprietary coronary paclitaxel drug-coated balloon in Japan.The trial targets patients suffering from coronary artery disease, with a focus on the treatment of de novo lesions in both small and large vessels and in-stent restenosis, according to a Wednesday Hong Kong bourse filing.

HKG:6929

Asia4d ago

Siam Cement's Attributable Profit Drops in Q2

Siam Cement's (BKK:SCC) attributable profit to equity holders dropped to 11.5 billion baht in the second quarter from 17.3 billion baht a year earlier, according to a Wednesday filing with the Thailand Exchange.Earnings per share came in at 9.61 baht, versus 14.5 baht in the year-ago period, the Thai conglomerate said.

BKK:SCC

International4d ago

MBA US Mortgage Applications Rebound in Week Ended July 17; Refinancings Down, New Purchases Higher

Mortgage applications rose by 1.9% in the week ended July 17 despite an increase in 30-year fixed mortgage rates, according to Mortgage Bankers Association data released Wednesday.This follows a 2.7% decrease in overall activity in the week ended July 10.Applications for refinancing loans fell by 2%, while new purchase applications rose by a seasonally adjusted 6%.The average contract interest rate for 30-year fixed mortgages with loan balances of $832,750 or less rose to 6.69% from 6.65% in the previous week, hitting its highest point since August 2025."Growing home inventory in many markets is supporting more purchase activity," said Mike Fratantoni, MBA's senior vice president and chief economist. "Incoming data showed that inflation dropped in June, but with oil prices spiking again, that improvement seems unlikely to continue in July data, and mortgage rates are likely to remain higher as a result."

Equities4d ago

Barclays Adjusts Price Target on EQT to $70 From $69, Maintains Overweight Rating

EQT (EQT) has an average rating of overweight and mean price target of $67.96, 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)

$EQT

Asia4d ago

Industrial & Infrastructure Fund Secures 5 Billion Yen Loan for Partial Early Repayment

Industrial & Infrastructure Fund Investment (TYO:3249) \ secured two loans totaling 5 billion yen to make early partial repayment of an existing debt, according to a Tokyo bourse filing on Wednesday.The REIT will secure the loans from Resona Bank, of which the first will be a 2.5 billion yen, three-year facility maturing July 31, 2029, and the second a 2.5 billion yen, eight-year facility maturing July 31, 2034. Both are scheduled for drawdown on July 31, 2026.The proceeds will be used to make a partial early repayment of a 5.5 billion yen loan from Sumitomo Mitsui Banking, with 5 billion yen being repaid on July 31, ahead of its original Nov. 30 maturity.

TYO:3249

Equities4d ago

Stephens Adjusts Price Target on EQT to $72 From $71, Maintains Overweight Rating

$EQT

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