Financial News · Live Terminal

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Keyera, AltaGas and CN Rail Say Investment in ACE Rail Terminal to Strengthen Canada's Energy Competitiveness

China CITIC Bank Names President

China CITIC Bank (HKG:0998, SHA:601998) named Lyu Tiangui as its president and chief compliance officer on Wednesday, according to a same-day Hong Kong bourse filing.The appointment will become effective following the relevant regulatory approvals.

HKG:0998SHA:601998

Equities52d ago

Update: Market Chatter: Shell Exec to Reportedly Lead UK's Investment Office

(Updates to add Shell's statement)Energy giant Shell (SHEL.L, SHELL.AS) UK operations Chair Parminder Kohli will reportedly be appointed as the chief executive of the UK government's Office for Investment.Sky News reported Wednesday, citing sources familiar with the matter, that Kohli's appointment is in the final stages. If approved, he will succeed outgoing Director General Ceri Smith to lead the agency tasked with driving growth, job creation, and increased productivity across the UK.Shell toldit was unable to provide a comment on the matter.(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.)

$SHEL.L$SHELL.AS

Mining & Metals52d ago

- -Keyera, AltaGas and CN Partnering to Build Strategic Canadian Infrastructure

$ALA.TO$CNR.TO$KEY.TO

Research52d ago

Northland Upgrades Xponential Fitness to Outperform From Market Perform, Adjusts PT to $8 From $9

Xponential Fitness (XPOF) has an average rating of hold and mean price target of $7.19, 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)

$XPOF

International52d ago

MBA US Mortgage Applications Fall 2.3% in Week Ended May 15 After 1.7% Increase in Prior Week

Mining & Metals52d ago

NexGen Energy Appoints Ryan Podrasky as Chief Financial Officer

NexGen Energy (NXE.TO) has appointed Ryan Podrasky as chief financial officer effective May 25.Podrasky most recently served as chief financial officer of Elk Valley Resources, formerly the coal business of Teck Resources (TECK-B.TO) and now majority-owned by Glencore.Podrasky succeeds Benjamin Salter, who will continue to support the company in an advisory capacity.NexGen Energy shares were last seen up US$0.06, to US$10.59 in New York trading.

$NXE.TO

Research52d ago

UOB Kay Hian Upgrades KE Holdings to Buy from Hold; Price Target is HK$53

KE Holdings (HKG:2423) has an average rating of buy and mean price target of HK$53.88, 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)

HKG:2423

Equities52d ago

Shell Sells Stakes in Uruguay Offshore Blocks to QatarEnergy

Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy, which made the announcement Wednesday.QatarEnergy bought an 18% interest in block OFF-4, with Shell holding 32% and operator APA (APA) accounting for the rest.QatarEnergy has also acquired a 30% stake in block OFF-2, which is operated by Shell with a 70% interest.QatarEnergy purchased a 30% stake in block OFF-7, with operator Shell retaining a 40% share. Chevron (CVX) holds the remaining 30%, QatarEnergy said.

$APA$CVX$SHEL

Asia52d ago

Chatha Foods Unit Names CFO

Chatha Foods (BOM:544151) said its unlisted subsidiary Allana CF Foods Pvt. Ltd., appointed Kulbeer Walia as chief financial officer, effective May 20, according to a same-day filing on BSE.

BOM:544151

Research52d ago

Morgan Stanley Downgrades Newell Brands to Underweight From Equalweight, Adjusts PT to $3.50 From $4

Newell Brands (NWL) has an average rating of hold and mean price target of $4.94, 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)

$NWL

Research52d ago

Needham Initiates QuickLogic at Buy With $22 Price Target

$QUIK

Research52d ago

William Blair Initiates Casey's General Stores at Outperform

Casey's General Stores (CASY) has an average rating of overweight and mean price target of $802.88, 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)

$CASY

Asia52d ago

Indonesia Sets Bold Fiscal Deficit, Economic Growth Targets for 2027

Indonesia is targeting a 2027 fiscal deficit of between 1.8% and 2.4% of GDP and an economic growth target of between 5.8% and 6.5%, according to a statement by President Prabowo Subianto's office Wednesday.The fiscal deficit target is substantially lower than the 2.9% outlook for 2026, which is just under the 3% ceiling.The targets were announced by Prabowo in a parliamentary address Wednesday.The target for 2027 state income was reportedly set at between 11.82% and 12.4% of GDP, with state expenditure to fall within 13.62% to 14.8% of GDP.The average exchange rate target for the rupiah, which has weakened to record lows recently, will stand at 16,800 to 17,500 per dollar for 2027, with inflation coming in at 1.5% to 3.5%, Prabowo said.

^JKSE

Research52d ago

Baird Initiates Pinnacle Financial Partners at Outperform

Pinnacle Financial Partners (PNFP) has an average rating of overweight and mean price target of $116, 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)

$PNFP

Asia52d ago

MS&AD Insurance Group's Net Income Rises 14% in Fiscal Year

MS&AD Insurance Group (TYO:8725) net income attributable to owners of the parent climbed 14% to 787.3 billion yen for the fiscal year 2025 from 691.7 billion yen a year earlier.The insurer's net income per share increased to 528.80 yen from 445.45 yen a year ago, according to a Tokyo bourse filing on Wednesday.Ordinary income jumped 15% to 7.653 trillion yen for the period ended March 31 from 6.661 trillion yen in the prior year.In a separate disclosure, the insurer raised its final dividend to 82.50 yen per share, from the initially planned 77.50 yen per share, payable from June 23.For the fiscal year 2026, the company expects attributable net income of 425 billion yen and basic EPS of 292.91 yen.MS&AD plans to pay interim and year-end dividends of 85 yen per share for each payout, which is higher than the dividends declared in the year-ago period.

TYO:8725

Asia52d ago

Indian Equities Edge Higher on Wednesday Amid Oil, Currency Concerns

Indian benchmark indices closed modestly higher on Wednesday, although markets remained range-bound for a fourth consecutive session as elevated crude oil prices and currency weakness continued to limit investor appetite.The BSE Sensex gained 117.54 points, or 0.2%, to close at 75,318.39, while the NSE Nifty 50 rose 41.00 points, or also 0.2%, to settle at 23,659.00.Investor sentiment stayed cautious amid a lack of progress in U.S.-Iran negotiations, which kept concerns over global oil supply and energy prices in focus. The continued weakness in the Indian rupee also added to market uncertainty.In corporate developments, Tata Communications (NSE:TATACOMM, BOM:500483) surged 8% after appointing Ganesh Lakshminarayanan as managing director and chief executive officer, effective Wednesday.JSW Energy (NSE:JSWENERGY, BOM:533148) rose nearly 1% after reporting increase in fiscal fourth-quarter consolidated profit to 22.4 billion rupees from 19.5 billion rupees a year earlier. Revenue from operations increased to 189.0 billion rupees from 117.5 billion rupees.

^BSENifty 50BOM:500483BOM:533148NSE:JSWENERGYNSE:TATACOMM

Commodities52d ago

Workers Go on Strike at 2 Woodside Energy Natural Gas Facilities in Australia

Workers at Woodside Energy's (WDS) Karratha and Pluto gas facilities in Australia launched a strike on Wednesday, following failed negotiations with third-party maintenance contractor UGL over wage and working conditions, Offshore Alliance workers' union said Wednesday."The end result of UGL's inability to negotiate or accept industrial standards is Protected Industrial Action. The UGL KGP-Pluto [enterprise bargaining agreement] negotiations are no different. PIA commences today at KGP-Pluto and will continue until our EBA is sorted," the union said in a social media post.According to its website, Offshore Alliance is a partnership between the Australian Workers' Union and the Maritime Union of Australia, and covers workers in the offshore oil and gas industry.As previously reported by, Woodside's Karratha gas plant has an export capacity of 14.3 million tons per annum. Pluto LNG currently exports about 5 mtpa, which could double to around 10 mtpa once the second train becomes operational.Earlier this week, Inpex's 9.3 million metric-ton-a-year Ichthys LNG facility in Darwin, northern Australia was served with notice for protected industrial action commencing May 27.According to a Bloomberg report last week, the strike could affect LNG exports from these facilities, triggering a wider supply disruption, particularly as shipments through the Strait of Hormuz remain largely restricted.Australian LNG producers are already running close to operational limits to increase supply, the news agency reported, as Asian buyers seek alternative cargoes in response to the disruption to energy flows resulting from the Middle East conflict, the Bloomberg report said.has separately reached out to Woodside Energy and UGL parent company CIMIC for comments.

$WDS

Mining & Metals52d ago

GeoRedox and Canada Nickel Launching 'First-of-its-kind' Geologic Hydrogen Program at Crawford Nickel Project in Timmins, Ontario

$CNC.V

Research52d ago

CGS International Upgrades Thaifoods Group to Add from Hold; Price Target is THB12

Thaifoods Group (BKK:TFG) has an average rating of overweight and mean price target of 10.40 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)

BKK:TFG

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