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UBS Initiates X-Energy at Buy With $40 Price Target

Indian Oil's Consolidated Net Profit Soars in Fiscal Q4

Indian Oil (NSE:IOC, BOM:530965) recorded a jump in its consolidated net profit to 144.6 billion Indian rupees in the fiscal fourth quarter ended March 31, against 81.2 billion rupees a year ago.Earnings per share climbed to 10.50 rupees compared with a year-ago figure of 5.90 rupees, according to a Monday filing to the Indian stock exchanges by the oil marketing company.Revenue from operations in fiscal Q4 also increased to 2.369 trillion rupees from 2.214 trillion rupees a year earlier.The company's board also recommended a final dividend of 1.25 rupees per share for the financial year ended March 31.Shares of the company rose over 2% in recent trade.

BOM:530965NSE:IOC

Asia52d ago

Hesai Turns to Profit in Q1

Hesai (HKG:2525) recorded an attributable net income of 18.3 million yuan in the first quarter of 2026, compared with an attributable loss of 17.5 million yuan a year prior, according to a Tuesday filing with the Hong Kong bourse.Earnings per share stood at 0.11 yuan, compared with a loss per share of 0.13 yuan in the corresponding period of the previous fiscal year.The three-dimensional light detection and ranging product developer's revenue jumped 30% to 680.6 million yuan from 525.3 million yuan in the year-ago period.For the second quarter, the firm expects a 20% to 27% rise in revenue to between 850 million yuan and 900 million yuan.

HKG:2525

Commodities52d ago

Market Chatter: US Strategic Petroleum Reserve Inventories Fall to Lowest Levels Since July 2024

Volumes in the US Strategic Petroleum Reserve fell to their lowest since July 2024 at 374 million barrels after the shipment of a record 9.9 million barrels withdrawn last week, Reuters reported Monday, citing Department of Energy data.The Donald Trump-led US government has committed to release 172 million barrels of oil from the reserves as part of efforts to stabilize oil prices amid volatility since the start of the Iran war at the end of February.Last month, the energy department offered around 92.5 million barrels of sweet and sour crudes from its four coastal storage caverns in Texas and Louisiana.Last week saw the allocation of 53.33 million barrels, the most so far in 2026, the report said.has reached out to the Department of Energy separately 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.)

Asia52d ago

Keppel Repurchases Over SG$5 Million Worth of Shares

Keppel (SGX:BN4) bought back 500,000 shares in the open market on Tuesday for about SG$5.1 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased 6.1 million shares under its existing buyback mandate.

SGX:BN4

Asia52d ago

New Journey Health Technology to Raise Up to 1.5 Billion Yuan from Share Issuance

New Journey Health Technology (SHE:002219) is looking to raise up to 1.50 billion yuan from the issuance of 600 million shares to selected investors, according to a Tuesday filing with the Shenzhen bourse.The company will use the amount to fund hospital construction and relocation, medical equipment purchases, and working capital, among others.

SHE:002219

Asia52d ago

Intraco Buys Back More Shares

Intraco (SGX:I06) bought back 250 shares in the open market on Tuesday for SG$95, or about SG$0.38 per share, according to a same-day filing with the Singapore Exchange.The plastics resin and other petrochemical products company has been authorized to repurchase 10.7 million shares under its current mandate and has so far bought back nearly 78,351 shares.

SGX:I06

Asia52d ago

Japan Aviation Electronics Keeps Final Dividend Steady for Fiscal Year 2026

Japan Aviation Electronics Industry (TYO:6807) declared a year-end dividend of 30 yen per share for the fiscal year 2026, matching earlier forecasts and unchanged from the amount paid a year ago.The electronics company's total dividend payment amounts to 2.02 billion yen, payable from retained earnings on June 5, according to a Tokyo bourse filing on Tuesday.The company's basic policy targets a consolidated dividend payout ratio of at least 30%.For the fiscal year 2027, Japan Aviation Electronics Industry forecasts full-year dividends of 60 yen per share, consisting of an interim dividend of 30 yen and a year-end dividend of 30 yen.

TYO:6807

Asia52d ago

Liaoning Fu-An Heavy Industry Puts 6 Million Yuan into Investment JV

Liaoning Fu-An Heavy Industry (SHA:603315) agreed to invest 6 million yuan for a 60% stake in a new investment company formed with two directors and two external investors.Fu'an Investment Shenzhen, with registered capital of 10 million yuan, will engage in investment activities, asset management, venture capital and consulting services, according to a Tuesday filing with the Shanghai bourse.The company's vice chair and deputy general manager are each contributing 1 million yuan for 10% stakes.Shares of the large steel castings manufacturer closed less than 1% lower.

SHA:603315

Research52d ago

Nomura Downgrades Vodafone Idea to Neutral from Buy; Adjusts Price Target to INR12.60 from INR10

BOM:532822NSE:IDEA

Treasury52d ago

US Treasury Yields Mixed Early Tuesday as Investors Await ADP Jobs, Fed Waller Speech Amid Trump's Pause on Iran Attack

Treasury52d ago

SocGen's Overnight Economic News Summary

Societe Generale in its early Tuesday economic news summary pointed out:Brent dips below US$110/barrel, the United States holds off strikes against Iran "for 2-3 days" at the request of UAE, Saudi Arabia and Qatar, "getting very close to making a deal." 10-year U.S. Treasury backs up to 4.61% after slipping from an intra-day high of 4.63% on Monday. EUR/USD stalls near 50dma (1.1650), USD/JPY pauses at 159.00. Japan's Finance Minister Katayama repeats willingness to intervene at G7 finance ministers meeting.United Kingdom average earnings excluding bonuses slow to 3.4% 3-month/over/year-on-year in March from 3.6% in February. Private sector earnings cool to 3.0% from 3.2%. April payrolls -100,000, the biggest drop since the pandemic. Unemployment rate +0.1pp at 5.0%.Day ahead: Federal Reserve speaker Waller. ADP weekly employment. European Central Bank's Villeroy, Lane, and Makhlouf. Bank of England's Breeden. Canada's consumer price index.Nikkei -0.6%, EUR 10-year IRS opens flat at 3.18%, Brent crude -2% at US$109.9/barrel, Gold -0.1% at US$4,548/oz.

$CXY$EUR$EUR/USD$USD/JPY

Sectors52d ago

Brent Crude Down 2% at US#109.90 and NY Crude Down 1.05% at US$107.50

$CLM6$LCON5$USO

Research52d ago

TD Cowen Initiates X-Energy at Buy With $35 Price Target

$XE

Research52d ago

Jefferies Initiates X-Energy at Hold With $28 Price Target

$XE

Japan52d ago

CBOE Volatility Index Jump 2.2% Pre-Bell; Reuters Reports Iran Peace Offer Includes War Reparations, US Troops Exit

Mining & Metals52d ago

S&P Futures Down 0.4%

.GSPTSE.^GSPTSE

Equities52d ago

Odfjell Drilling Says Administrative Tax Case Verdict Challenged in Supreme Court

Odfjell Drilling (ODL.OL) said Tuesday that the Norwegian Tax Authorities appealed a Gulating Court of Appeal ruling in favor of its subsidiary Odfjell Offshore, sending the case to the Supreme Court.The Norwegian drilling and engineering company won the appeal from the Gulating Court of Appeal on April 17, 2026, regarding the adverse 2022 administrative tax decision by the tax authority.The Supreme Court's appeals committee is expected to decide within three months whether the appeal will be admitted.

$ODL.OL

Mining & Metals52d ago

Agnico Eagle Sees "Strong" Economic Returns With Expected Annual Gold Production of Over 400,000 Ounces

$AEM.TO

Mining & Metals52d ago

Agnico Eagle Approving Hope Bay Investment Decision

$AEM.TO

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