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Chengtou Names CFO

Shanghai Chengtou (SHA:600649) appointed Le Jiawei as chief financial officer, according to a Shanghai bourse filing on Wednesday.Le will succeed Wu Chun, who resigned due to work-related reasons.The real estate developer's shares fell 2% at the close.

SHA:600649

Asia50d ago

Xianju Pharmaceutical Passes Generic Drug Review for Progesterone Injection Specification

Zhejiang Xianju Pharmaceutical (SHE:002332) said the 1ml:50mg specification for progesterone injection passed China's generic drug consistency evaluation.The injection is indicated for menstrual disorders, luteal deficiency, threatened and habitual abortion, premenstrual tension syndrome, and assisted reproductive therapy, according to a Wednesday filing with the Shenzhen bourse.The pharmaceutical company already holds approvals for 1ml:10mg and 1ml:20mg specifications.Shares of Zhejiang Xianju Pharmaceutical were down 2% Wednesday.

SHE:002332

Asia50d ago

Market Chatter: CNOOC Begins Bohai Oilfield Full Production

CNOOC (SHA:600938, HKG:0883) started full production at the Kenli 10-2 oilfield phase one in the south Bohai Sea, China, Reuters reported Wednesday, citing state media.Daily output exceeded 20,440 barrels, according to the report.The oilfield, with proven geological reserves over 100 million metric tons, includes a central platform and two unmanned wellhead platforms, Reuters wrote.Shares of the oil company closed 3% lower on the Shanghai bourse and 2% on the Hong Kong bourse.(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.)

HKG:0883SHA:600938

Mining & Metals50d ago

S&P Futures Up 0.3%

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals50d ago

Correction: -- Bank of Nova Scotia Q2 Return on Equity of 13.2%, Compared to 10.4% Is On An Adjusted Basis

$BNS.TO

Equities50d ago

Mizuho Securities Adjusts PT on ConocoPhillips to $150 From $136, Maintains Outperform Rating

ConocoPhillips (COP) has an average rating of overweight and mean price target of $143.88, 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)

$COP

Equities50d ago

Mizuho Securities Adjusts Price Target on Chevron to $230 From $225, Maintains Outperform Rating

Chevron (CVX) has an average rating of overweight and mean price target of $215.18, 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)

$CVX

Equities50d ago

Mizuho Adjusts Price Target on Valero Energy to $289 From $222, Maintains Neutral Rating

Valero Energy (VLO) has an average rating of overweight and mean price target of $260.11, 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)

$VLO

Equities50d ago

Mizuho Securities Adjusts Price Target on Exxon Mobil to $175 From $159, Maintains Neutral Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $169.50, 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)

$XOM

Equities50d ago

Mizuho Adjusts Price Target on Marathon Petroleum to $284 From $224, Maintains Neutral Rating

Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $266.18, 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)

$MPC

Asia50d ago

Food & Life Co. Sets Up Joint Venture with KYORITSU to Address Sustainable Marine Resources

Food & Life Co. (TYO:3563) has decided to establish a joint venture with KYORITSU, following a board resolution on May 27, according to a Tokyo bourse filing on Wednesday.The venture, named FOOD & LIFE KYORITSU MARINE (provisional), aims to resolve the social issue of sustainable marine resource utilization by supporting aquaculture production.Food & Life Co. will hold a 60% stake in the 100 million yen capital joint venture, scheduled to launch in October, making it a specified subsidiary of F&LC.

TYO:3563

Equities50d ago

Mizuho Adjusts Price Target on EOG Resources to $157 From $149, Maintains Neutral Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $160.62, 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)

$EOG

Commodities50d ago

Market Chatter: Trinidad's Atlantic LNG Shuts Major Export Unit for Maintenance as Global Supplies Tighten

Trinidad and Tobago's Atlantic LNG facility has shut its 6 million metric tons per annum Train 4 unit for two months of planned maintenance, Reuters reported, citing Gerald Ramdeen, Chairman of the National Gas Company of Trinidad and Tobago.With the outage set to take nearly half of Atlantic LNG's production capacity temporarily offline, near-term LNG supplies are expected to tighten further when global markets are already grappling with disruptions from the closure of the Hormuz Strait.Ramdeen told Reuters on Tuesday that the plant, which is jointly owned by Shell (SHEL), BP (BP) and NGC, was undergoing scheduled maintenance, which wasn't linked to any particular fault or issue.With a total capacity of 12 million metric tons per annum of LNG, the Atlantic LNG facility is the largest in Latin America, and has struggled in recent years amid declining domestic natural gas supplies.The National Gas Company of Trinidad and Tobago did not immediately respond to' request for a comment on this story.(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.)

$BP$SHEL

Treasury50d ago

SocGen's Overnight Economic News Summary

Societe Generale in its early Wednesday economic news summary pointed out:Brent offered inside a weekly range. 10-year United States Treasury dips to 4.465%, lowest since May 14, 2s/10s flattens to 44.5bps. Federal Reserve's Kashkari (FOMC voter): prolonged war could un-anchor inflation expectations and trigger a series of rate increases.The Reserve Bank of New Zealand holds OCR at 2.25%, MPC split 3-3, Governor Breman casts deciding vote for no change. Statement: rates may need to rise sooner and by more than signaled in February. Inflation expected to peak at 4.3% in September quarter, forecast to return to 2% target mid-point in mid-2027. NZD/USD +0.6% to 0.5870.Australia April consumer price index slows more than forecast to 4.2% year over year from 4.6% in March, core up a tick at 3.4% following temporary fuel tax cut. Implied odds of another 25bps Reserve Bank of Australia hike this year drop to 80%, three-year ACGB -5bps to 4.49%, AUD/USD -0.15% at 0.7151.Day ahead: Fed speakers Logan, Cook. UST five-year auction. French consumer confidence. Germany 15-, 30-year auction. United Kingdom sells seven-year Gilts.Nikkei +0.15%, EUR 10-year IRS -1bp at 3.0%, Brent crude -1.5% at US$98.1/barrel, Gold -0.5% at US$4,483/oz.

$CXY$EUR$AUD/USD$NZD/USD

Asia50d ago

Cummins India's Consolidated Profit Rises in Fiscal Q4; Shares Jump 12%

Cummins India's (NSE:CUMMINSIND, BOM:500480) consolidated attributable profit rose to 6.49 billion Indian rupees in the fiscal fourth quarter ended March 31, from 5.30 billion rupees a year ago.Earnings per share came in at 23.43 rupees versus 19.10 rupees a year earlier, the engine manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also increased 29.6 billion rupees from 24.3 billion rupees a year ago.The company's board recommended a final dividend of 46 rupees per equity share of face value 2 rupees each for the financial year 2025-26.Cummins' shares jumped nearly 12% in recent trade.

BOM:500480NSE:CUMMINSIND

Asia50d ago

Simplex Dishes Out Higher Year-End Dividend

Simplex (TYO:4373) declared a year-end dividend of 18 yen per share for the fiscal year ended March 31, matching earlier forecasts but significantly lower than the 50 yen per share paid a year ago, primarily due to a 4-for-1 stock split effective Dec. 1, 2025.The consulting firm said total dividend payment amounts to 4.03 billion yen, payable from retained earnings on June 1, according to a Tokyo bourse filing on Wednesday.The company's basic policy targets a consolidated dividend payout ratio of 40%.

TYO:4373

Asia50d ago

TVS Srichakra's Consolidated Profit Surges in Fiscal Q4; Shares Jump 12%

TVS Srichakra's (NSE:TVSSRICHAK, BOM:509243) consolidated attributable profit shot up to 360.9 million Indian rupees from 95.9 million rupees a year ago.Earnings per share came in at 47.13 rupees from 12.52 rupees a year earlier, the tire manufacturer said in a filing to the Indian stock exchanges on Wednesday.Revenue from operations in fiscal Q4 also rose to 9.81 billion rupees from 8.18 billion rupees a year ago.The company's board recommended a final dividend of 37.80 rupees per share on the face value of 10 rupees per share for the financial year 2025-26.TVS' shares shot up 12% in recent trade.

BOM:509243NSE:TVSSRICHAK

Equities50d ago

Afentra Secures 35% Operated Interest in Onshore Angola Block

Afentra (AET.L) said Wednesday it was awarded a 35% operated interest in the KON4 onshore block in Angola.The interest was awarded to Afentra, alongside its local partners, Grupo Simples Oil, Sonangol E&P, Brite's Oil and Gas and Sodedurs.The Africa-focused upstream oil and gas company expects to formally sign the contract at a later date.

$AET.L

Wire50d ago

Update: Digital Turbine Fiscal Q4 Adjusted Earnings, Revenue Rise; 2027 Guidance Set; CFO Steve Lasher Steps Down

(Updates with pre-bell stock move in the last paragraph, as well as information on the executive change in the headline and the seventh to the tenth paragraphs.)Digital Turbine (APPS) reported fiscal Q4 adjusted earnings late Tuesday of $0.16 per diluted share, up from $0.10 a year earlier.Two analysts polled by FactSet expected $0.09.Revenue for the three months ended March 31 was $142.5 million, up from $119.2 million a year earlier.Two analysts surveyed by FactSet expected $133.2 million.For the fiscal year 2027, the company expects revenue of $630 million to $650 million.Two analysts expect $618.9 million.Meanwhile, the company's chief financial officer, Steve Lasher, resigned to seek another opportunity, effective May 31, the company said Wednesday.Lasher will remain at the company until June to assist with the transition.Josh Kinsell, the company's chief accounting officer, was appointed interim finance chief, effective June 1.The company said it is engaging an executive search firm for additional candidates.Shares of the company were up more than 15% in recent premarket trading Wednesday.Price: $5.55, Change: $+0.74, Percent Change: +15.38%

$APPS

Asia50d ago

Suning.com's Executives to Raise Stake in Company

Suning.com's (SHE:002024) executives plan to increase their holdings in the company by no less than 6 million yuan, according to a Wednesday disclosure on the Shenzhen bourse.The executives, including Chairman Ren Jun, will raise their stake through centralized bidding from Wednesday, May 27 until Aug. 26.The Chinese retailer's shares jumped 5% at the close.

SHE:002024

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