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Leerink Partners Initiates Absci at Outperform With $12 Price Target

Absci (ABSI) has an average rating of buy and mean price target of $8.79, 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)

$ABSI

Research48d ago

Jefferies Upgrades RTX to Buy From Hold, Adjusts Price Target to $220 From $210

RTX (RTX) has an average rating of overweight and mean price target of $219.86, 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)

$RTX

Research48d ago

Guggenheim Initiates Opus Genetics at Buy With $16 Price Target

Opus Genetics (IRD) has an average rating of buy and mean price target of $10.27, 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)

$IRD

Equities48d ago

Akastor's Unit Finalizes Sale of Skandi Emerald Ship

Akastor's (AKAST.OL) DDW Offshore subsidiary completed the sale of its Skandi Emerald anchor handling vessel for $23 million.The Norwegian oil-services investment company agreed to the deal in late April, according to a Thursday release.

$AKAST.OL

Asia48d ago

Market Chatter: Compal Targets 10% Server Revenue as It Expands AI Push

Compal Electronics (TPE:2324) is targeting a sharp expansion in its AI server business as it works to lift server revenue to 10% by the end of this year, up from about 5% in the first quarter, CNA reported Wednesday, citing the company's General Manager Bernardo Rohde.He said the company sees opportunity in entering the AI server market later than peers, while sharpening its focus on core customer needs and infrastructure demand, according to the report.Compal also aims to reshape its revenue mix, targeting a 50:50 split between PC and non-PC businesses by 2027, compared with about 65% from PCs and 35% from other segments currently. Non-PC operations include servers, communications and healthcare, with growth supported by rising average selling prices and scaling infrastructure demand.The company is also expanding production capacity across Texas, Taiwan and Vietnam, alongside continued hiring in engineering to support AI server and rack-level system development, CNA added.(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.)

TPE:2324

Asia48d ago

Shenzhen Best of Best Holdings Completes Stake Acquisition in Electronic Products Maker

Shenzhen Best of Best Holdings (SHE:001298) completed the acquisition of 100% of Shenzhen Dingruixin Technology for 84.1 million yuan, according to a Thursday filing with the Shenzhen bourse.The newly acquired subsidiary obtained its business license and registration notice from authorities in Shenzhen.Dingruixin manufactures electronic products and components with a focus on new energy vehicles and industrial automation.

SHE:001298

Asia48d ago

China to Cut Gasoline, Diesel Prices on Friday

China will lower retail prices of gasoline by 525 yuan per ton and diesel by 505 yuan per ton, the National Development and Reform Commission said Thursday.The price cut is effective at midnight Friday.

Shanghai Composite^SZSE

Treasury48d ago

Canada's Economic Potential Under Pressure, Says BMO

Canada's economy has lost both of its long-run growth drivers, said Bank of Montreal (BMO).Alongside the recent historic decline in the population comes news that productivity continued to sag early this year, noted the bank.Business-sector labor productivity fell 0.5% quarter over quarter in Q1 and is down 0.6% in the past year, extending a multi-year stretch of weakness, pointed out BMO after Wednesday's data.By sharp contrast, United States productivity is up 2.9% year over year, faster than usual, stated the bank.Since Q3 2022 -- around the introduction of ChatGPT -- labor productivity has risen more than 9% in the U.S., but not at all in Canada, added BMO. If chatbots are boosting productivity, there is no evidence of such in Canada.With tight immigration curbs in place for two more years, productivity will need to improve to support growth in Canada, according to the bank.

$CXY

Mining & Metals48d ago

Nasdaq 100 Futures Down 1.1% and S&P Futures Down 0.4% Ahead of Jobless Claims Today, Payrolls Data on Friday

S&P/TSX CompositeS&P/TSX Composite

Japan48d ago

Gold Futures Rise 0.7% to $4,498.3/Oz, Silver Futures Edge Up 0.1% to $73.75/Oz Early Thursday

Asia48d ago

SoftBant unit PayPay to Acquire 70.2% of T&D Financial Life

PayPay, a unit of SoftBank Group (TYO:9984), has agreed to acquire 70.2% of T&D Financial Life Insurance from T&D Holdings for an 134.3 billion yen, according to Tokyo bourse filings on Thursday.The acquisition aims to add life insurance to PayPay's existing suite of cashless payments, credit cards, banking, and securities services for over 74 million registered users.One Investment Management, an independent asset manager, intends to acquire a separate 14.9% stake in T&D Financial Life through an affiliate.Under a planned shareholders' agreement, PayPay will hold a call option on the remaining 14.9% stake held by T&D Holdings, which will also hold a put option exercisable after three years.The consummation, scheduled for Oct. 1, 2027, is subject to regulatory approvals, an IFRS transition plan at T&D Financial Life, and other conditions precedent.By combining T&D Financial Life's customer base with PayPay's digital platform and embedded insurance expertise, the group aims to create new digital life insurance experiences and provide comprehensive financial services across users' life stages.The impact on SoftBank's consolidated financial results is currently under review.

TYO:9434TYO:9984

Japan48d ago

WTI Crude Oil Futures Fall 1.7% to $94.28, Brent Crude Futures Decline 2% to $95.84 Early Thursday

Oil & Energy48d ago

Market Chatter: Iranian Oil Slips to Discounts, Russian Crude Premiums Ease

Iranian crude oil prices have flipped to discounts for the first time since April, while Russian crude premiums are easing, Reuters reported Thursday, citing sources.As per the report, trade sources revealed that both nations are slashing prices to entice independent Chinese refiners amid sluggish demand, threatening oil revenues in Moscow and Tehran.Iranian Light crude cargoes for June delivery to Shandong province are now being offered at a discount of 50 cents to $1 per barrel against the ICE Brent contract, the report noted.This marks a sharp reversal from the $1 to $2 premiums seen over the past two months.Simultaneously, premiums for Russia's popular ESPO crude have weakened.June barrels are trading at a $3 to $4 premium to ICE Brent, down from the $4 to $5 premiums fetched last month, the report said.Both the countries did not respond immediately to' request for comments.(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.)

Asia48d ago

Anand Rathi Wealth Allots Over 83 Million Bonus Shares

Anand Rathi Wealth (NSE:ANANDRATHI, BOM:543415) allotted over 83 million bonus equity shares to shareholders on record June 3, according to an Indian bourse filing on Thursday.Under the issue, shareholders received one bonus share for every existing equity share held.Following the allotment, the company's paid-up equity share capital doubled to around 166 million shares from 83 million shares, the filing said.

BOM:543415NSE:ANANDRATHI

Treasury48d ago

US 10-Year Treasury Yield Slips 1.4 Basis Points to 4.48%, 1-Year Rate Little Changed at 3.82% Early Thursday

Mining & Metals48d ago

IGM Financial Total Consolidated Net Inflows were $857M During May 2026

$IGM.TO$POW.TO

Mining & Metals48d ago

IGM Financial Reported Record High Total AUM and Advisement of $337.9B at May 31, 2026, up 21.2% from $278.8B at May 31, 2025

$IGM.TO$POW.TO

Asia48d ago

Fitch Affirms Shandong Hi-Speed's Credit Ratings at A-

Shandong Hi-Speed's (HKG:0412) long-term foreign- and local-currency issuer default ratings were affirmed at A- with a stable outlook, according to a Thursday Hong Kong bourse filing.

HKG:0412

Asia48d ago

Guangdong Taienkang Pharmaceutical Directors Approve Capital Increase

Guangdong Taienkang Pharmaceutical (SHE:301263) directors approved the change in the company's registered capital and total share capital.The registered capital rose to 510.6 million yuan from 425.5 million yuan, while the number of shares increased to 510.6 million from 425.5 million, according to a Thursday filing with the Shenzhen bourse.

SHE:301263

Asia48d ago

CSC to Raise Up to SG$9 Million via Digital Commercial Paper

Geotechnical engineering firm CSC (SGX:C06, HKG:0235) is targeting to raise up to SG$9 million through the issuance of commercial paper in digital securities, according to a Thursday filing with the Singapore bourse.The issuance comprises the 10th series of a three-month commercial paper carrying an interest rate of 3.95% and the seventh series of a six-month commercial paper with an interest rate of 4.50%.

HKG:0235SGX:C06

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