Financial News · Live Terminal

Page 1265 of 2804

San Yang Ma (Chongqing) Logistics Supervisor Trims Stake

A former San Yang Ma (Chongqing) Logistics (SHE:001317) supervisor trimmed his stake in the logistics company by up to 250,000 shares, according to a Wednesday bourse filing in Shenzhen.Qiu Honggang sold his stake at 56.42 yuan apiece

SHE:001317

Equities49d ago

Update: Market Chatter: Exxon, ConocoPhillips Push for Safeguards Before Returning to Venezuela

(Updates with ConocoPhillips' response to a request for comment in the third paragraph.)Exxon Mobil (XOM) and ConocoPhillips (COP) are seeking durable contract terms and a resolution to the billions of dollars they are owed as part of active negotiations with the Venezuelan government about returning to the country after exiting two decades ago, Bloomberg reported Tuesday, citing people familiar with the matter.The oil companies said Venezuela has more work to do, but they are encouraged by President Delcy Rodriguez's willingness to negotiate, the report said, citing the people."ConocoPhillips has significant experience developing and operating these types of assets in Venezuela," a company spokesperson toldvia email. "We are continuing to evaluate potential in-country oil and gas opportunities, including gathering data, assessing next steps, and maintaining dialogue with relevant stakeholders."Exxon didn't immediately reply to a request for comment from.(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.)

$COP$XOM

Research49d ago

BofA Securities Upgrades Digital Turbine to Buy From Neutral, Price Target is $7.50

$APPS

Research49d ago

Argus Downgrades Zoetis to Hold From Buy

Zoetis (ZTS) has an average rating of overweight and mean price target of $123.20, 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)

$ZTS

Research49d ago

William Blair Downgrades Verra Mobility to Market Perform From Outperform

Verra Mobility (VRRM) has an average rating of hold and mean price target of $16.86, 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)

$VRRM

Oil & Energy49d ago

India-bound Adnoc LNG Tanker Crosses Hormuz Strait, Bloomberg Analysis Shows

An India-bound tanker laden with liquefied natural gas from state-owned UAE energy giant Abu Dhabi National Oil Company has crossed the Strait of Hormuz, according to a Bloomberg analysis of ship-tracking data published Wednesday.This is in addition to the recent transit of at least two non-Iranian oil supertankers through the crucial waterway, which is responsible for almost 20% of the global energy flows.The Hormuz Strait has been effectively shut for LNG traffic since the start of the Iran war on Feb. 28, cutting off almost one-fifth of the global supply of the super-chilled gas, the report said.Adnoc has also shipped three other cargoes from the Persian Gulf on tankers, with the last of these detected in western India, the report said.The latest shipments are a fraction of pre-war volumes when about three LNG tankers, primarily carrying fuel from top producer Qatar, exited the Hormuz Strait every day, the report said.In response to anquery, an Adnoc spokesperson said the company does not comment on the position, movements, or routing of its vessels as a matter of policy.

Mining & Metals49d ago

Nutrien Prices Offering of an Aggregate of US$1 Billion of 5-Year and 10-Year Senior Notes

Nutrien (NTR.TO) late Tuesday announced the pricing of US$500 million aggregate principal amount of 4.850 percent senior notes due May 29, 2031, and US$500 million aggregate principal amount of 5.350 percent senior notes due May 29, 2036.The company plans to use the net proceeds from this offering to repay its US$500 million aggregate principal amount of 4.000% senior notes upon their maturity on Dec. 15, 2026, to reduce outstanding indebtedness under its short-term credit facilities, to finance working capital and for general corporate purposes.The senior notes will be unsecured and rank equally with Nutrien's existing senior unsecured debt, it stated."The joint book-running managers for the offering are CIBC World Markets Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and Scotia Capital (USA) Inc," added the company.The offering is expected to close on or about May 29, 2026, subject to customary closing conditions.

$NTR.TO

Japan49d ago

S&P 500, Nasdaq Rally, Middle East Peace Optimism Drive US Equity Futures Higher Pre-Bell

US equity futures were rising pre-bell Wednesday as the S&P 500 and the Nasdaq reached new all-time highs amid continued optimism for an end to the Middle East conflict.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.7% higher.The S&P 500 added 0.6% and the Nasdaq rose 1.2% to fresh intraday and closing highs, driven by an upswing in the technology sector.President Donald Trump said in a post on Truth Social that talks with Iran were "proceeding nicely." However, Iran threatened to respond to ceasefire violations after the US military carried out what it called "self-defense strikes" on Iranian missile launch sites and vessels around the Strait of Hormuz. Negotiations to end the war continue.Traders noted the latest round of earnings, with PDD (PDD) posting lower Q1 non-GAAP earnings amid higher revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.5% at $94.29 per barrel and US West Texas Intermediate crude 3.5% lower at $90.64 per barrel.The Richmond Fed manufacturing index for May is scheduled to be released at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$PDD

Mining & Metals49d ago

Power Nickel Expands Exploration Program With Geophysical Surveys at Nisk Project

Power Nickel (PNPN.V) expanded its summer 2026 exploration program at the Nisk project in Quebec, it said on Wednesday.The company is deploying three advanced geophysical surveys to speed-up the hunt for deeper high-grade Ni-Cu-PGE mineralization, it said. It is planning an Ambient Noise Tomography (ANT) survey on the Nisk Far West target, completing a gravity survey over the Lion area, and completing a superconducting quantum magnetometer SQUIDs survey over the Lion area.Field mapping and prospecting of the large Nisk land package will begin following the winter snow melt and run-off, it said. Over the next two quarters of 2026, Power Metallic will be completing more than 30,000 meters of exploration drilling across the enlarged Nisk land package.Mobilization for this drill program is currently underway. A regional lake sediment survey will also be conducted this summer, it added.Shares of the company closed up 2% to $1.51 on Tuesday on the TSX Venture Exchange.

$PNPN.V

Research50d ago

Research Alert: Bank Of Montreal: Q2 Fy 26 Earnings Beat On Healthy Capital Markets Activity

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BMO reported Q2 FY 26 operating EPS of CAD3.67, beating consensus by CAD0.22 and up from CAD2.62 a year ago, while total revenue rose 10% to CAD9.567B. The strong performance was due to robust 20% growth in non-interest revenue to CAD4.299B, particularly in Capital Markets and Wealth Management. BMO's adjusted ROE showed meaningful improvement, rising 370 bps to 13.5%, reflecting the bank's ongoing efficiency efforts and operational momentum. The board increased the quarterly dividend 2% sequentially and 5% year-over-year to CAD1.71 per share. BMO announced a strategic transaction to sell its Transportation Finance and Vendor Finance businesses to Stonepeak for an expected pre-tax charge of approximately CAD1.1B in Q3, allowing portfolio optimization. The bank repurchased 6.0M shares during the quarter while maintaining a solid CET1 ratio of 13.0%. Credit quality remains mixed with provisions declining to CAD739M but gross impaired loans ticking up 2 bps to 1.01% amid contracting loan balances.

$BMO

Research50d ago

Research Alert: Capri Holdings Posts Mixed Quarter; Fy 27 Eps Guidance Well-above Estimates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CPRI returned to profitability in Q4 FY 26 (Mar.) with adjusted EPS of $0.22 versus $(4.55) the prior year, $0.10 above consensus, though results were aided by a $65M IEEPA tariff refund. Revenue declined to $796M (-3.7% reported, -7.0% constant currency) and $4M below estimates as Michael Kors fell 5.5% while Jimmy Choo rose 5.3%. The company's financial position improved following the December 2025 completion of the Versace divestiture, with net debt declining from $1.4B to $222M and $79M in Q4 share repurchases. Management provided optimistic FY 27 guidance expecting low single-digit revenue growth to ~$3.525B and 40% EPS growth to $2.15. We believe CPRI is in the early innings of a multi-year turnaround with the balance sheet transformation removing a key overhang and providing flexibility for buybacks providing a floor on shares. We like the risk-reward here and believe Michael Kors can return to a $4B brand over the long term despite continued underlying business challenges.

$CPRI

Research50d ago

Research Alert: Bank Of Montreal: Q2 Fy 26 Earnings Beat On Healthy Capital Markets Activity

$BMO

Asia50d ago

Both Engineering Technology Seeks Up to 1.2 Billion Yuan Via Private Placement

Both Engineering Technology (SHA:601133) looks to raise up to 1.20 billion yuan from the sale of 158.4 million shares to up to 35 investors, according to a Wednesday bourse filing in Shanghai.The cleanroom system integration company plans to use the proceeds from the private placement to fund cleanroom construction projects, secondary equipment projets for integrated circuits and new display factories, and for working capital.

SHA:601133

Research50d ago

Mizuho Securities Upgrades Gulfport Energy to Outperform From Neutral, $251 Price Target

Gulfport Energy (GPOR) has an average rating of overweight and mean price target of $243.39, 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)

$GPOR

Research50d ago

Mizuho Securities Upgrades Par Pacific to Outperform From Neutral, Lifts Price Target to $79 From $58

Par Pacific Holdings Inc (PARR) has an average rating of overweight and mean price target of $72, 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)

$PARR

Commodities50d ago

Market Chatter: Exxon Mobil, ConocoPhillips Seek Safeguards For Return to Venezuela After Nearly Two Decades

US energy giants Exxon Mobil (XOM) and ConocoPhillips (COP) are mulling a return to Venezuela after nearly two decades, pushing for contractual safeguards and the recovery of billions owed since their exit, Bloomberg reported citing people familiar with the matter.Both companies have reportedly held discussions with the government of President Delcy Rodriguez, who has led the country since the US arrest of her predecessor Nicolas Maduro, to tap the South American nation's massive oil reserves.While they said much has yet to be done regarding production sharing agreements and other matters, they were encouraged by the willingness of Rodriguez and her administration to negotiate different aspects of the contracts.The companies are reportedly looking for ways to structure their investments to prevent a repeat of losses they suffered when their assets were previously nationalized.This includes the use of stability clauses, which prevent successive governments from unilaterally changing contracts, and requiring all disputes to be settled via international arbitration instead of local courts."Bringing back Exxon Mobil and ConocoPhillips is a top priority for the government, and they're putting a lot of resources and effort behind it," said Carlos Bellorin, an executive vice president at Welligence Energy Analytics, told Bloomberg.He said the deal needs to be attractive to persuade these companies to invest.Chevron (CVX), another major US oil and gas company, has remained present in Venezuela throughout the nationalizations by former President Hugo Chavez. That positions it well now to ramp up output, with crude hovering around $100 per barrel.Neither ExxonMobil nor ConocoPhillips immediately responded to' request for comment.(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.)

$COP$CVX$XOM

Asia50d ago

Minfeng Special Paper to Set Up Hong Kong Subsidiary

Minfeng Special Paper (SHA:600235) will invest HK$500,000 to establish a subsidiary in Hong Kong, according to a Wednesday filing with the Shanghai Stock Exchange.Minfeng Hong Kong International will engage in import and export of technology, equipment, and raw and auxiliary materials for the company's main paper business.

SHA:600235

Mining & Metals50d ago

Earnings Flash (EMPR.V) Empress Royalty Reports Q1 Revenue US$9.1M Vs $2.7M A Year Ago; Net Income $3.30M, Vs US$2.80M

$EMPR.V

Research50d ago

Barclays Downgrades Kennametal to Underweight From Equalweight, Cuts Price Target to $33 From $40

Kennametal (KMT) has an average rating of underweight and mean price target of $37.64, 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)

$KMT

Research50d ago

JPMorgan Upgrades TD SYNNEX to Overweight From Neutral, Raises Price Target to $298 From $220

TD SYNNEX (SNX) has an average rating of Buy and mean price target of $241.36, 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)

$SNX

Showing 25281-25300 of 56073

Commodities50d ago

Market Chatter: Exxon Mobil, ConocoPhillips Seek Safeguards For Return to Venezuela After Nearly Two Decades

$COP$CVX$XOM