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Earnings Flash (TD.TO) TD Bank Group) Reports Q2 Diluted EPS $2.43, Compared with $6.27

Higher Crude, Persian Gulf Outlooks Lowers Asian Stock Markets

Asian stock markets largely fell back on Thursday, as crude prices again rose on a dimming outlook for a resolution to Persian Gulf hostilities and a consequent reopening of the Strait of Hormuz.Hong Kong and Tokyo finished in the red, while Shanghai inched into the green. Other regional exchanges closed lower.Brent crude futures rose to $94.03 a barrel, up 1.9%, during Asian trading hours.In Japan, the Nikkei 225 opened evenly, wobbled and finished off 0.5% as traders weighed rich equity valuations and fresh uncertainties regarding Middle East peace talks.The benchmark Nikkei 225 fell 306.29 to 64,693.12, as losing issues outnumbered gainers 132 to 90.Leading the upside was tech-components maker Taiyo Yuden, up 17%, while advanced materials manufacturer Furukawa Electric declined 7.3%.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing off 1.3% on reports of new US military strikes on Iranian targets.The broad gauge Hang Seng fell 322.07 to 25,006.16, as losing issues outnumbered gainers 75 to 15. The Hang Seng TECH Index lost 0.4% on the day, while the Mainland Properties Index fell 1.5%.Leading the upside was toymaker Pop Mart International, gaining 4.7%, while Hansoh Pharmaceutical declined 7.1%.On the mainland, the Shanghai Composite rose 0.1% to 4,098.64.On the other regional exchanges, the S. Korean KOSPI fell 0.5%; the Taiwan TWSE declined 1.4%; the Australian ASX 200 declined 1.4%; the Singapore Straits Times Index fell 0.8%, and the Thai Set declined 0.1%. Exchanges were closed in Mumbai.The MSCI All Country Asia Pacific Index fell 0.8% on the day.

Hang SengNikkei 225Shanghai Composite

Asia49d ago

Hotel Royal Names Group CEO

Hotel Royal (SGX:H12) named Lee Zongye as its group chief executive officer, effective July 7, according to a Thursday filing with the Singapore Exchange.Zongye is currently the company's deputy chief executive officer, the filing said.

SGX:H12

Mining & Metals49d ago

Earnings Flash (RGSI.TO) Rockpoint Gas Storage Reports Q4 Net Earnings US$24.4M Vs $57 a Year Earlier; Increases Quarterly Dividend

$RGSI.TO

Research49d ago

Barclays Initiates CarGurus at Overweight With $35 Price Target

CarGurus (CARG) has an average rating of overweight and mean price target of $37.54, 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)

$CARG

Research49d ago

Barclays Initiates Valvoline at Equalweight With $35 Price Target

Valvoline (VVV) has an average rating of overweight and mean price target of $42.80, 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)

$VVV

US Markets49d ago

Snowflake Raises Full-Year Product Revenue Outlook; Announces $6 Billion Spending Deal With Amazon

Snowflake (SNOW) shares jumped early Thursday after the cloud-based data platform raised its full-year product revenue outlook on the back of better-than-expected fiscal first-quarter results, while the company agreed to a $6 billion infrastructure spending deal with Amazon's (AMZN) cloud platform.Product revenue, which accounts for the majority of the firm's total revenue, is now anticipated to come in at $5.84 billion for fiscal 2027, representing annual growth of 31%, Snowflake said late Wednesday. The company previously projected the key metric to be at $5.66 billion, while the current consensus on FactSet is for $5.78 billion.The stock surged 36% in the most recent premarket activity."Our forecast is based on existing consumption patterns," Chief Financial Officer Brian Robins said during an earnings call, according to a FactSet transcript. "Given the strength we've observed in both our core data platform business and (artificial intelligence) business, we are raising our guidance for the year."In a separate statement, Snowflake said it's expanding its collaboration with Amazon Web Services with a $6 billion commitment over five years for Graviton compute and AI workloads on Amazon's cloud, citing rising demand for data and AI services."AWS has committed to an expanded go-to-market investment and collaboration," Robins said on the call. "This agreement marks an important milestone in our ongoing partnership with AWS, and its impact is fully incorporated into our outlook."For the three months through April, Snowflake's adjusted earnings increased to $0.39 a share from $0.24 the year before, topping the Street's view for $0.32. Revenue climbed 33% to $1.39 billion, ahead of the average analyst estimate of $1.33 billion. Product revenue grew 34% to $1.33 billion, surpassing the market's forecast of $1.27 billion.The net revenue retention rate was 126%, while remaining performance obligations, or RPO, gained 38% year over year to $9.21 billion, according to the company."AI continues to be a powerful tailwind for Snowflake, and (the first quarter) marks a clear inflection point in that journey," Chief Executive Sridhar Ramaswamy said in a statement. "We are seeing strong momentum from both AI-driven acceleration of our core platform and growing adoption of our first-party AI products."The company expects product revenue of up to $1.42 billion for the current quarter, representing annual growth of about 30%. The Street is looking for $1.4 billion."(Snowflake's) deep infrastructure capabilities represent a strong moat that we believe positions (Snowflake) to capitalize on the AI revolution transforming the enterprise landscape front and center," Wedbush Securities said in an emailed client note. The brokerage raised its price target on the firm's stock to $280 from $270 and maintained its outperform rating.

$AMZN$SNOW

Research49d ago

Barclays Initiates Snap-on at Overweight With $420 Price Target

Snap-on (SNA) has an average rating of hold and mean price target of $399.43, 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)

$SNA

Asia49d ago

Trendlines Portfolio Company Closes $24 Million Series B Financing

Tredlines (SGX:42T) portfolio company, Phytolon, completed a $23.6 million series B financing to commercialize its natural food colors in the U.S., according to a Thursday filing with the Singapore Exchange.The financing round was led by an unnamed strategic investor, with funding structured in three stages.The portfolio company focuses on fermentation-based natural color solutions.

SGX:42T

Mining & Metals49d ago

TD Announcing a Dividend in an Amount of $1.12 Per Fully Paid Common Share, Up From $1.08 In Prior Quarter

$TD.TO

Research49d ago

Barclays Initiates RB Global at Overweight With CA$171.94 Price Target

RB Global (RBA) has an average rating of overweight and mean price target of CA$176.63, 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)

$RBA

Asia49d ago

Mitsubishi Materials to Integrate Copper Concentrate Business Into Pan Pacific Copper via Company Split

Mitsubishi Materials (TYO:5711) has entered a final agreement to integrate its business related to the purchase of copper concentrates and the sale of related products into Pan Pacific Copper (PPC), a joint venture among JX Advanced Metals (TYO:5016), Mitsui Kinzoku (TYO:5706) and Marubeni (TYO:8002).The integration will be implemented through a two-step absorption-type company split, under which PPC will establish a new wholly owned subsidiary to receive the business, with the transaction scheduled to take effect on Oct. 1, subject to regulatory approvals.Following the integration, Mitsubishi Materials will hold a 32% stake in PPC, and PPC will become an equity-method affiliate of the company, according to a Tokyo bourse filing on Thursday.The company's board of directors resolved to proceed with the integration on May 28, 2026, following a basic agreement announced in November 2025.

TYO:5016TYO:5706TYO:5711TYO:8002

Research49d ago

BofA Upgrades Agilent Technologies to Buy From Neutral, Price Target is $145

Agilent Technologies (A) has an average rating of overweight and mean price target of $161.80, 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)

International49d ago

Ifo: Sentiment in German Chemical Industry Deteriorates Further in May as Structural Issues Persist

Morale across Germany's chemical industry weakened further in May, as businesses noted that the core structural issues remain unaddressed amid the "temporary" economic upswing.The business climate index dropped to -30.2 points from -28.6 points in April, the ifo Institute said Thursday. The indicator for the current business situation improved to -17.5 points from -25.8 points, as global supply chain disruptions are still fueling demand for chemical products from certain segments of the industry.Meanwhile, the expectations index tumbled to -42 points from -31.3 points previously, and export expectations "deteriorated significantly" to -15.7 points from -2.0 points. Against this backdrop, companies intended to further production cuts and layoffs.

^SXXP

Research49d ago

Leerink Partners Upgrades Equillium to Outperform From Market Perform, Adjusts PT to $6 From $1

Equillium (EQ) has an average rating of buy and mean price target of $7.12, 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)

$EQ

Mining & Metals49d ago

TD Says Canadian Personal and Commercial Banking Net Income $1,925M, Up 15% YoY, Primarily Reflecting Higher Revenue and Lower PCL

$TD.TO

Research49d ago

Barclays Downgrades PDD Holdings to Equalweight From Overweight, Adjusts PT to $89 From $165

PDD Holdings (PDD) has an average rating of overweight and mean price target of $133.48, 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)

$PDD

Mining & Metals49d ago

TD Q2 Adjusted Diluted EPS $2.38, Compared With $1.97

$TD.TO

Commodities49d ago

Kenli 10-2 Oilfield 1st Phase in China's Bohai Sea Begins Full Production

China National Offshore Oil said Wednesday the first phase of the Kenli 10-2 oilfield in the south Bohai Sea has begun full production, exceeding 2,800 tons per day.The company, known as Cnooc, completed relevant operations on all 79 development wells, with pump startup activities conducted for both cold and hot production wells. The first round of heat injection on 24 thermal recovery wells was also completed, according to the statement.Kenli 10-2 oilfield is a "branching heavy oil reservoir," requiring new development methods as oil and gas are stored in "narrow, long, and winding sand bodies," the company noted."The full commissioning of the first phase of the Kenli 10-2 oilfield project provides a technical solution that can be learned from, replicated and promoted for the effective development of similar oil reservoirs," it said, boosting production at the Bohai Sea oilfield, which contains over 100 million tons of reserves.

Equities49d ago

TotalEnergies, Stellantis Renew, Expand Engine Oil Partnership

TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said Thursday.Financial details of the renewal and expansion were not disclosed.The new agreement, originally renewed in 2021 for the Peugeot, Citroen Opel, DS Automobiles, and Vauxhall brands, now also includes additional Stellantis brands: Fiat, Jeep, Lancia, Alfa Romeo, and Abarth, the companies said.The partnership encompasses research & development, motorsports collaboration, after-sales services, and environmental sustainability, the companies said.

$TTE

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US Markets49d ago

Snowflake Raises Full-Year Product Revenue Outlook; Announces $6 Billion Spending Deal With Amazon

$AMZN$SNOW