Financial News · Live Terminal

Maybank Research Downgrades Sime Darby Property to Hold from Buy, Price Target is MYR1.51

Sime Darby Property (KLSE:SIMEPROP) has an average rating of buy and mean price target of 1.91 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)

KLSE:SIMEPROP

HSBC Starts Maynilad Water Services at Hold with PHP23 Price Target

PSE:MYNLD

US Markets49d ago

TotalEnergies Advances 1.5-GW, EUR4.5 Billion Wind Project in France

French energy major TotalEnergies (TTE.PA, TTE.L) is moving forward with plans to develop a 1.5-gigawatt wind farm off the coast of Normandy, France, the largest renewables project in the country.TotalEnergies said Thursday its wholly owned project company Centre Manche Energies submitted the application for single authorizaiton of the project, which was initially awarded by the state in September 2025 to TotalEnergies and RWE (RWE.F). The Gernan utility later exited the consortium.The application includes technical and environmental studies, a preliminary design for the wind farm, and the proposed installation program. Once completed, the project is expected to produce six terawatt-hours of electricity annually, enough to power more than 1 million homes.The three-year project is expected to require an investment of 4.5 billion euros and create 2,500 jobs during the construction phase. TotalEnergies said it plans to tap the local workforce, which possesses expertise in the offshore wind sector.In addition, TotalEnergies plans to source wind turbines and electric cables from European suppliers, a move expected to provide further support to regional industry and manufacturing.TotalEnergies shares rose 4% in early trading in London, while the stock posted a modest gain in Paris.

$RWE.F$TTE.L$TTE.PA

Morgans Financial Downgrades Web Travel Group to Neutral from Positive, Price Target is AU$3.81

Web Travel Group (ASX:WEB) has an average rating of buy and mean price target of AU$4.52, 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:WEB

CPKC Said It Received 72-Hour Strike Notice From IBEW

$CP.TO

Tamarack Valley Energy Announced Overnight Sale Of Charlie Lake Assets, Transition To Pure Play Clearwater Producer and 25% Dividend Increase

$TVE.TO

Wuhu Token's Unit to Buy Servers for Up to 3 Billion Yuan

Wuhu Token Sciences' (SHE:300088) unit, Wuhu Changxin Intelligent Computing Technology, plans to purchase servers from multiple suppliers for up to 3 billion yuan, according to a Shenzhen bourse filing on Thursday.The servers will be mainly used for providing computing power services to customers.

SHE:300088

Earnings Flash (CERT) Cerrado Gold Reported Overnight Q1 Total Revs $53.0M Vs $28.82M a Year Ago; Swung To Net Profit $12.9M

$CERT

Earnings Flash (CIA.TO) Champion Iron Reported Overnight Q4 Production of 3.4M wmt, Sales of 3.5M dmt, Revs $415M and EBITDA $114M

$CIA.TO

Market Chatter: ByteDance to Build Own CPUs to Help with AI Launch, Sources Say

ByteDance is building its own central processing units to help support growing artificial intelligence hardware needs, Reuters reported Thursday, citing three people familiar with the matter.The move by TikTok's owner will help the company cope with surging chip prices and supply shortages, the newswire said.ByteDance's action signifies a shift toward "inference," where AI models perform agentic or autonomous tasks that demand more power from CPUs, the report said.The company will deploy its proprietary CPU in its own servers and data centers as it looks to roll out its Coze agent-based platform, the report said, citing one of the sources.(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.)

Shanghai Composite^SZSE

International49d ago

Euro Area Economic Sentiment Up in May; Consumer Confidence Improves

Economic sentiment in the euro area rose in May, with the indicator increasing to 93.5 points from the revised 93.2 points a month ago, according to European Commission data published Thursday.The latest reading is above the consensus estimate of 92.8 points.Meanwhile, the consumer confidence index was at -19 points, in line with the flash estimate, against the previous -20.6 points.

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Equities49d ago

Petro Matad Says 2026 Oil Sales Deal with PetroChina Set for Approval

Petro Matad (MATD.L) said Thursday the approval process for its 2026 Oil Sales Agreement with PetroChina related to Block XX crude in Mongolia will be completed shortly.The London-listed oil company noted that it reached an understanding with the Mineral Resources and Petroleum Authority of Mongolia, PetroChina, and the General Tax Authority to align the deal with petroleum and tax laws.The Block XX's crude production this year, 35,000 barrels, is stored pending approval, and the sale agreement will allow the company to benefit from higher oil prices.

$MATD.L

Guangzhou Development Raises 1 Billion Yuan Via Five-Year Bond Issue

Guangzhou Development (SHA:600098) issued 1 billion yuan in five-year bonds due May 2031.The bonds carry an interest rate of 1.85%, according to a Thursday filing with the Shanghai bourse.Ping An Securities served as lead underwriter, with Guotai Haitong Securities as co-lead underwriter.Shares of the power company closed 4% higher Thursday.

SHA:600098

Shudao Equipment Bags Air Separation Construction Bid

Sichuan Shudao Equipment & Technology (SHE:300540) won the bid for the construction of air separation units for a gas demonstration project, according to a Shenzhen bourse filing on Thursday.The company will construct four units with 78,870 normal cubic meter per hour each.The units will be part of Xinjiang Qinghua Feng Energy's 5.5 billion cubic meter coal-to-natural gas demonstration project.Shares of the natural gas liquefaction equipment manufacturer closed 2% higher.

SHE:300540

Oppenheimer Initiates Comfort Systems USA at Outperform With $2,200 Price Target

Comfort Systems USA (FIX) has an average rating of buy and mean price target of $2,096.29, 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)

$FIX

Wells Fargo Upgrades LyondellBasell Industries to Overweight From Equalweight, Adjusts PT to $98 From $80

LyondellBasell Industries (LYB) has an average rating of hold and mean price target of $80.78, 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)

$LYB