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Kajima's Profit Jumps 41% in Fiscal Year 2025

Kajima's (TYO:1812) net income attributable to owners of the parent surged 41% to 177.33 billion yen for the fiscal year 2025 from 125.82 billion yen a year earlier.The construction company's basic net income per share increased to 379.81 yen from 266.49 yen a year ago, according to a Tokyo bourse filing on Thursday.Revenue rose 5.3% to 3.067 trillion yen for the year ended March 31 from 2.912 trillion yen in the prior year.The company declared a final dividend of 90 yen per share, payable from June 29, compared with 59 yen a year ago.For fiscal year 2026, the company expects attributable net income of 170 billion yen, basic net income per share of 364.85 yen, and net sales of 2.9 trillion yen. Kajima also plans to pay per-share interim and year-end dividends of 73 yen each for the year, totaling 146 yen per share, which is the same as the fiscal 2025 payouts.

TYO:1812

Commodities55d ago

China President Xi Expresses Interest in Buying More US Oil, White House Says

Chinese President Xi Jinping expressed interest in increasing crude oil purchases from the US as China looks to reduce its reliance on Middle Eastern supplies and the Strait of Hormuz, according to a White House statement issued after Xi's bilateral meeting with US President Donald Trump on Thursday.Shortly after, Treasury Secretary Scott Bessent told CNBC that China buying more US energy was part of the discussion, while adding that the new supply from Alaska was a "natural" choice for the East Asian giant.However, China has made no mentions of energy purchases in any of the meeting's summaries published by the state media, according to Reuters.China is the world's largest importer of both crude oil and natural gas, and US is the biggest exporter of both, but the energy trade between the two countries has come to a standstill after China imposed levies on commodities imports, in retaliation to the sweeping US tariffs.The Chinese Ministry of Foreign Affairs did not immediately respond to' request for a comment on this matter.

Mining & Metals55d ago

Rogers Communications Completes C$22 Million 5G+ Network Enhancement for FIFA World Cup

Rogers Communications (RCI-B.TO) has completed a C$22 million 5G+ network build at the BMO Field and surrounding areas to enhance connectivity for fans during the FIFA World Cup in Toronto, the company said Thursday.Improvements include enhancing the in-stadium wireless system, deploying additional 5G+ spectrum to deliver faster speeds and more capacity for fans, and installing additional network infrastructure outside the stadium.The company is also deploying Cells on Wheels and Cells on Light Facilities to support high-traffic areas in downtown Toronto. These temporary cell sites deliver faster speeds, lower latency and greater reliability for customers during the tournament, Rogers said.Rogers is also investing $5 million in Vancouver to enhance network coverage in key areas across the city, including at BC Place, to boost connectivity for soccer's biggest event."These enhancements ensure our network is ready for global events like FIFA, while delivering long-term benefits for the local Toronto community," Chief Technology Officer Mark Kennedy said.

$RCI-B.TO

Asia55d ago

Housing and Urban Development's Profit Soars in Fiscal Q4

Housing and Urban Development's (NSE:HUDCO, BOM:540530) standalone profit jumped to 19.81 billion Indian rupees in the fiscal fourth quarter ended March 31, from 7.28 billion rupees a year ago.Earnings per share climbed to 9.90 rupees from the year-ago figure of 3.64 rupees, according to a Thursday filing to the Indian stock exchanges by the housing finance company.Revenue from operations in the fiscal fourth quarter also increased to 35.63 billion rupees from 28.45 billion rupees a year earlier.The company's board recommended a final dividend of 1.50 rupees per share for the financial year 2025-26.

BOM:540530NSE:HUDCO

Mining & Metals55d ago

Bell Names Construction Partners for 300 MW Saskatchewan AI Fabric Facility; Announces Long-Term Partnership With Bird Construction

Bell Canada (BCE.TO) announced Thursday the next set of development and construction partners for Bell AI Fabric's 300 MW data centre in the Rural Municipality of Sherwood, Saskatchewan, and formalized a long-term partnership with Bird Construction (BDT.TO) to support a multi-year, Canada-wide AI data centre buildout."The Sherwood facility, first announced in March, is a cornerstone of Bell AI Fabric's strategy to deliver sovereign, made-in-Canada AI infrastructure across the country," said the company.Bird Construction has been selected as the lead construction partner for the Sherwood facility, with Alton Tangedal Architect Ltd. as Architect of Record and partners of George Gordon Developments for site services, it added."Canada's AI economy needs world-class digital infrastructure, and we need partners with the scale, discipline and Canadian footprint to build it on time," said Dan Rink, President, Bell AI Infrastructure and Strategy. "The team announced today gives us that foundation in Saskatchewan. With Bird as our preferred construction partner, we are well-positioned to continue to build out critical AI infrastructure for Canada in the years to come."As part of the strategic partnership, Bird will issue Bell warrants to acquire up to around 2.6 million common shares of Bird, with 750,000 warrants vesting on the delivery of the Sherwood facility and the remainder vesting in connection with the delivery of potential future AI data centre projects, as and when delivered by Bird pursuant to the strategic partnership, over a period of five years.The issuance of the warrants is subject to TSX Approval, said the company and added that the warrants will have a term of seven years and an exercise price of $52.00, "equal to the 5-day volume weighted average price of Bird's common shares preceding this announcement," added the company.

$BCE.TO$BDT.TO

Mining & Metals55d ago

Canada Goose up 6% in U.S. Pre-Market Trading as Q4 Adjusted Earnings, Revenue Advance

Canada Goose Holdings (GOOS.TO), up 6% in U.S. pre-market trading, Thursday reported higher fourth-quarter adjusted earnings and revenue. The company also introduced its outlook for fiscal 2027.The luxury outwear manufacturer said adjusted earnings, which excludes most one-time items, increased to $36.3 million, or $0.37 per diluted share, from $32.0 million, or $0.33 per diluted share, in the previous corresponding quarter. Analysts polled by FactSet had forecast $0.40 per share.Total revenue increased 17.9% to $453.3 million, beating the $411.4 million expected. Canada Goose said DTC revenue climbed 15.2% to $361.7 million, reflecting growth across all regions. Wholesale revenue increased 54.4% to $49.1 million.The company expects revenue to increase in the low-single digits in fiscal 2027, compared with the year just completed."Our fourth quarter capped a year of meaningful progress and execution against our goals," said chief executive and board chair Dani Reiss. "Revenue growth was broad-based across regions and channels, supported by stronger conversion in DTC, improved wholesale performance, and continued momentum across our expanded product offering. Our brand and product continue to resonate with customers, and that strength showed up in healthier demand, improving retail productivity, and a more returns-focused approach to operating the business."Canada Goose shares were last seen up US$0.63, to US$11.31 in New York trading. It closed down $0.40, to $14.62 on the Toronto Stock Exchange on Wednesday.

$GOOS.TO

Oil & Energy55d ago

IEEFA Says Soaring Oil Prices Strain Southeast Asia's Fuel Subsidies

Southeast Asian economies are facing challenges to their fuel price subsidization efforts as elevated crude costs drain national stabilization funds, the Institute for Energy Economics and Financial Analysis said on Thursday.From Indonesia's new fuel rationing to Vietnam's emergency tax cuts, the report underscores an urgent need to pivot toward clean energy to protect budgets from persistent Middle East volatility, IEEFA noted.With regional subsidies reaching a staggering $353.1 billion in 2024, governments in Indonesia, Malaysia, Thailand, Vietnam, and the Philippines are now facing intensified fiscal strain as they attempt to insulate domestic markets from price volatility related to US-Iran conflict.The IEEFA report highlights that reliance on Middle Eastern energy imports has left these economies highly exposed to supply disruptions.Unlike their Northeast Asian neighbors, most Southeast Asian nations maintain thin strategic buffers, with many holding less than 30 days of supply.To manage the crisis, Indonesia and Malaysia have implemented strict purchase caps as of April 1, while Vietnam and Thailand have slashed environmental and excise taxes to zero.In the Philippines, where universal subsidies are not utilized, retail fuel prices have more than doubled since February, forcing the government to deploy targeted cash transfers to the transport and agricultural sectors.The current price shock has renewed scrutiny of these "politically sensitive" support mechanisms, it said.IEEFA notes that while governments are scrambling to contain retail prices via stabilization funds, widening deficits caused by these funds are becoming unsustainable.The report suggests that redirecting these massive resources toward clean energy infrastructure and energy-efficient technologies would not only improve fiscal sustainability but also strengthen long-term energy security across the region.

Asia55d ago

Wise Birds Inc to Retire KRW1.49 Billion Worth of Treasury Shares

Wise Birds Inc (KOSDAQ:273060) plans to retire 1.3 million treasury shares, valued at 1.49 billion won.The shares will be retired July 2 at a par value of 100 won apiece, according to a Thursday filing from the digital marketing company on the Korea Exchange.

KOSDAQ:273060

Asia55d ago

China's Sinopec Secures Proven Geological Reserves for Ziyang Dongfeng Shale Gas Field

China Petroleum & Chemical Corp. (SHA:600028, HKG:0386), d/b/a Sinopec, secured approval for proven geological reserves of about 235.687 billion cubic meters of gas at the Ziyang Dongfeng field.The company said late Wednesday that the project, as approved by the Ministry of Natural Resources of China, will be the country's first ultra-deep, 100-billion-cubic-meter-level shale gas field.

HKG:0386SHA:600028

Commodities55d ago

Aspen Midstream Reaches Final Investment Decision on New Katy Hub Natural Gas Facility in Texas

Texas-based independent energy company Aspen Midstream has reached a final investment decision on its midstream infrastructure Aspen Katy Hub header facility, it said on Wednesday.The facility, expected to be completed in Q1 2027, is expected to make available about 3 billion cubic feet per day of total receipt and delivery capacity with eight major natural gas pipelines, the company said in a statement.The project will ensure bi-directional natural gas connectivity in the Katy, Texas region by linking domestic supply to liquified natural gas, power, and industrial markets along the Gulf Coast, the company said.The project involves installation of new compression and include low- and high-pressure header systems.The facility has already secured long-term, take-or-pay contracts from investment grade shippers.

Japan55d ago

US Equity Futures Rise Pre-Bell After S&P 500, Nasdaq Set New Highs Amid US-China Meeting

US equity futures were higher pre-bell Thursday as technology stocks drove new record highs for the S&P 500 and the Nasdaq Composite while traders kept a close eye on the high-stakes meeting between US President Donald Trump and Chinese leader Xi Jinping.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.2% higher.On Wednesday, the S&P 500 advanced nearly 0.6% to close at 7,444.25, while the Nasdaq Composite rose 1.2% to end at 26,402.34, with both setting new closing records. Cisco Systems (CSCO) shares were up 15% after the company posted higher fiscal Q3 results and announced restructuring plans that included lay-offs of nearly 4,000 employees.At the start of a two-day summit, Xi told Trump that US-China trade talks were progressing positively, but warned that disagreement over Taiwan could lead to a dangerous situation and even cause conflict.Traders also mulled the latest round of earnings, with Brookfield (BN) reporting higher Q1 distributable earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.4% at $105.24 per barrel and US West Texas Intermediate crude 0.5% lower at $100.56 per barrel.Investors also await the US retail sales bulletin for April, an early view into consumer responses to higher fuel bills, set for release in Washington at 8:30 am ET.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 205,000 new unemployment claims for the week ended May 9, compared with 200,000 in the prior week, according to estimates compiled by Bloomberg. The April retail sales report is forecast to show a 0.5% gain following a 1.7% increase in the previous month.The April import price index is expected to show a 1% month-over-month increase after a 0.8% gain previously. The export price index is projected to rise 1.2%, compared with a gain of 1.6% previously.Federal Reserve Kansas City President Jeffrey Schmid, Cleveland President Beth Hammack, New York President John Williams, and Governor Michael Barr are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$BN$CSCO

Equities55d ago

Fitch Affirms BP Rating on Balance Sheet Improvement; Outlook Stable

Fitch Ratings on Wednesday affirmed BP's (BP.L) A+ long-term issuer default rating with a stable outlook.The oil and gas company's rating mirrors its ability to execute its updated strategy, which prioritizes strengthening the balance sheet through reduced share buybacks, asset divestments and cost-saving measures, while shifting investment toward upstream oil and gas operations.BP's large-scale global operations and diversified business model also support the rating.

$BP.L

Wire55d ago

Klarna Q1 Net Loss Narrows, Revenue Rises

Klarna (KLAR) reported a Q1 net loss Thursday of $0.01 per diluted share, compared with a loss of $0.26 a year earlier.Analysts polled by FactSet expected a loss of $0.17.Revenue for the quarter ended March 31 was $1.01 billion, up from $701 million a year earlier.Analysts polled by FactSet expected $944.1 million.Shares of the company were up over 4% in Thursday premarket activity.Price: $14.30, Change: $+0.55, Percent Change: +4.46%

$KLAR

Commodities55d ago

Hydrostor to Build Compressed Air Energy Storage Project in Canada

Canadian energy storage developer Hydrostor plans to build a compressed air energy storage project in Greater Napanee, Ontario, it said on Wednesday.The company will now seek permits for the project and will develop it in partnership with Indigenous equity partner Mohawks of the Bay of Quinte. It has received backing at the municipal level after a year-long consultation process, Hydrostor's statement said.No capacity figures were included in the company's statement, but its website describes its technology as offering a 500-megawatt energy supply, or an 8-hour duration energy supply.The statement said the project will create about 40 permanent jobs for the facility's estimated 50-year lifespan and that it would add about CA$1.4 billion ($1.02 billion) to Canada's GDP.

Mining & Metals55d ago

Aimia To Renew Its Normal Course Issuer Bid

Aimia's (AIM.TO) board authorized the renewal of its Normal Course Issuer Bid (NCIB) to buy back for cancellation up to 10% of its public float of common shares or about 5-million common shares, subject to the approval of the Toronto Stock Exchange (TSX), it said on Thursday.The bid is expected to be renewed on or about June 6, 2026, and to end on June 5, 2027, at the latest, subject to the approval of the TSX. Aimia also intends to enter into a pre-defined plan with its broker to allow for the buy-back of common shares at times when the company ordinarily would not be active in the market due to its pre-scheduled blackout periods.As at April 30, the company had 88.8-million issued and outstanding common shares.Shares of the company closed up 1.1% to $2.7 on Wednesday on the TSX.

$AIM.TO

Research55d ago

RBC Cuts Price Target on Dynatrace to $45 From $50, Keeps Outperform Rating

Dynatrace (DT) has an average rating of overweight and mean price target of $44.23, 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)

$DT

Research55d ago

Constellation Software Price Target Lowered By $300 at RBC

RBC Capital Markets lowered its price target on Constellation Software Inc. (CSU.TO) to $4,500 from $4,800.Analyst Paul Treiber maintained an Outperform rating on shares of the Canadian software company following its Q1 results."Constellation's YTD M&A implies 2026 is tracking to a new annual high," Treiber said in a note to clients. "Strong M&A stems from the scalability of Constellation's decentralized model.""Due to the higher pace of acquisitions, we are increasing financial estimates," the analyst said. "Sequentially stable organic growth helps diminish AI headwind concerns."Treiber said his target price reduction is due to "continued decline in software peer valuations."(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)

$CSU.TO

Sectors55d ago

Markets Are "Unimpressed" by The U.S.-China Summit so far, Says Scotiabank

So far on Thursday, markets have thin gruel to trade on by way of anything substantive out of the United States-China talks during President Donald Trump's visit to China, said Scotiabank.That may change on the path to the second meeting between President Xi Jinping and Trump later on Thursday, following the day's earlier state banquet, noted the bank.Yet so far, it's almost as if the U.S. side is pumping up simply worded positive rhetoric while China generally resists and warns the U.S. about Taiwan. The impression of Scotiabank's economist is that the optics are more about China asserting control.Expectations were pretty low going into the trip, as Trump is the eleventh foreign leader to travel to China this year while Xi stays home. China's power and stature are rising on the world stage, pointed out the bank.The timing of any statement and other announcements is uncertain. All markets have to go by is talk -- no announcements -- on potential around a 'Board of Investment' and a 'Board of Trade' that could open up more room for China to invest and trade with the U.S., while Xi loosely pledged to open up China a little more to U.S. businesses, added Scotiabank.There is also general talk of China buying more U.S. agricultural products and planes and the U.S. seeking to sell more oil to China, in which case it should get in line. These sound like small one-offs against any grand bargain that wasn't expected in any event, according to the bank.What markets would be interested in seeing would be any substantive progress toward meaningfully reducing tariffs, said Scotiabank. Advance rumors suggested reducing tariffs on about 10% of U.S. imports from China, but the details are unknown.As such, markets are generally little changed early Thursday. Stocks have a small positive bias. So do bond prices. Oil is little changed, just like major currencies.

$CXY

Asia55d ago

China's Aviation Regulator Creates Low-Altitude Safety Unit

The Civil Aviation Administration of China (CAAC) has launched a low-altitude safety department to oversee development plans, coordinate safety protocols and build flight service platforms for the emerging sector.The low-altitude economy covers activities under 1,000 meters, Xinhua News reported Wednesday.The CAAC forecasts the low-altitude economy could surpass 3.5 trillion yuan by 2035.

Shanghai Composite^SZSE

Research55d ago

Research Alert: Ctc: Margin Expansion Drives Q1 Beat, But Same-store Sales Well Short

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Canadian Tire Corporation (CTC) posted Q1 adjusted EPS of CAD2.02 vs. CAD2.00 (+1%), well ahead of the CAD1.81 consensus. The beat was due to better-than-expected margins, as revenue rose 3.3% to CAD3.57B (CAD30M ahead of consensus) despite a 1.0% decline in same-store sales (350 bps short of consensus). Gross margin expanded 90 bps to 35.4% (50 bps above consensus), reflecting effective pricing discipline and favorable category mix, although petroleum margins also contributed to the improvement. CTC's 1.0% same-store sales decline reflected the mixed consumer environment, although the two-year stack of +3.7% suggests some underlying resilience. CTC's margin performance indicated strong operational execution despite a challenging environment for consumers, as evidenced by the company's big same-store sales miss. As noted by management, Canadian consumers remain resilient but selective, prioritizing value, but not at the expense of quality products and shopping experiences.

$CTC.A

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Japan55d ago

US Equity Futures Rise Pre-Bell After S&P 500, Nasdaq Set New Highs Amid US-China Meeting

Dow JonesNasdaq CompositeS&P 500$BN$CSCO