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April US PPI Jumps 1.4% Vs. Expected 0.5% increase, Prior 0.7% Gain

Globex Optioning Carp Fluorspar Property in Nevada to Evion Group NL of Australia

Midea Sells HK$17.2 Billion Convertible Bonds

Midea (SHE:000333, HKG:0300) completed the issue of HK$8.62 billion each of zero-coupon convertible bonds due 2027 and 2033 on Wednesday, according to a same-day Hong Kong bourse filing.The appliance manufacturer submitted an application to list the bonds on the Vienna MTF operated by the Vienna Stock Exchange the same day.The firm will use proceeds to support international expansion and boost offshore liquidity, as well as for general corporate purposes.

HKG:0300SHE:000333

Mining & Metals54d ago

Colliers Announces Normal Course Issuer Bid

Colliers International Group (CIGI.TO, CIGI) said Wednesday that the Toronto Stock Exchange accepted a notice of its intention to make a normal course issuer bid with respect to its outstanding subordinate voting shares.The NCIB will allow the company to purchase through the facilities of the TSX, alternative Canadian Trading Systems or The NASDAQ Stock Market up to 4.3 million subordinate voting shares in total, being approximately 10% of the around 43.85 million shares comprising the "public float" as of May 12, 2026 of such class of shares, the company said.The buyback will begin during the twelve month period starting May 15, 2026 and ending no later than May 14, 2027.All shares purchased under the NCIB will be cancelled.The company's previous NCIB authorized the purchase of up to 4.3 million subordinate voting shares and expired on May 8, 2026. Colliers did not purchase any subordinate voting shares pursuant to this previous NCIB, added the company.

$CIGI.TO

Asia54d ago

Suzhou Basecare Medical Gets Registration Certificate for Embryo Culture Medium

Suzhou Basecare Medical (HKG:2170) obtained a class III medical device registration certificate for its Gems cleavage embryo culture medium, according to a Wednesday Hong Kong bourse filing.The medium enhances early embryo stress resistance and provides developmental support during assisted reproduction.

HKG:2170

US Markets54d ago

Alibaba's Fiscal Q4 Profit Surges 106% on Cloud Intelligence Investments

Alibaba's (HKG:9988) attributable profit soared 106% in the fiscal fourth quarter on the effects of its investments, especially in the cloud intelligence segment.Attributable net income rose 106% to about 25.5 billion yuan in the fourth fiscal quarter ended March 31 from 12.38 billion yuan a year prior, according to a Wednesday disclosure to the Hong Kong bourse.Earnings per share at the Chinese e-commerce and tech giant increased 101% year over year to 1.30 yuan from 0.65 yuan.Revenue edged up 3% to 243.4 billion yuan from 236.5 billion yuan in the year-ago period.The top line from its cloud intelligence group jumped 38% year over year to 41.6 billion yuan, while revenue from external customers jumped 40% on public cloud revenue growth and AI-related products."Our strategic investments continued to translate into business growth," Alibaba Chief Financial Officer Toby Xu said in a statement, adding AI-related product revenue surged in triple digits for the 11th straight month.The rise of its cloud intelligence revenue is also attributable to Alibaba's full-stack AI investments that have progressed from incubation to commercialization, CEO Eddie Wu said.Revenue from the quick commerce segment surged 57% to 20 billion yuan from 12.7 billion yuan a year earlier, thanks to the rollout of its Taobao Instant Commerce product at the end of April 2025.The China commerce wholesale operations saw a top line of 5.94 billion yuan, up 3% from 5.79 billion yuan due to higher revenue from its value-added services.For the fiscal year ended March 31, 2026, attributable net income slipped 18% year over year to 105.9 billion yuan from 129.5 billion yuan. Revenue jumped 3% to 1.024 trillion yuan from 996.4 billion yuan previously.The company's board approved a cash dividend of $0.13125 per ordinary share or $1.05 per American depositary share for the fiscal year 2026, payable to shareholders of record on June 11.

HKG:9988

Equities54d ago

Top Premarket Decliners

WORK Medical Technology Group (WOK) shares were down 82% in Wednesday premarket activity, paring Tuesday's rally.Ring Energy (REI) stock was 25% lower after the company said overnight it priced a public offering of about 44.4 million common shares at $1.35 apiece, targeting $60 million in gross proceeds.Wix.com (WIX) shares were down 17% after the company posted lower Q1 adjusted earnings that also trailed analysts' forecasts.Red Cat (RCAT) stock was 14% lower, a day after the company said it priced a roughly $225 million common stock offering.

$RCAT$REI$WIX$WOK

Mining & Metals54d ago

Beyond Oil Begins Sales With Fast Food Chain in The U.S.

Beyond Oil (BOIL.CN) has begun commercial sales with a medium-sized fast food chain in the United States, the food-tech company said on Wednesday.The sales follows an extensive pilot validation program that began late last year and expanded to a multi-location pilot in the first quarter of this year. The pilots demonstrated Beyond Oil's "exceptional" performance under the chain's health and operational standards. Beyond Oil's technology, cleared by both the FDA and Health Canada, significantly reduces harmful compounds in frying oil.Beyond Oil has begun an initial commercial rollout into restaurants owned by three franchisees in three American states. After this phase is complete, the company expects to extend the commercial rollout across the chain's restaurant group in the U.S. The fast-food chain has hundreds of locations in the U.S. and internationally, a statement added."Today marks yet another milestone in Beyond Oil's ongoing efforts to expand its reach in the United States with the completion of our successful pilot program and initial sales to an iconic American fast-food chain," said Michael Nemirow, head of Beyond Oil North America. "Throughout the pilot phase, we witnessed once again how our solution improves the food quality that their customers love while simultaneously delivering the operational efficiencies and health benefits that matter to restaurant operators. Our team is working very hard to expand our presence in other states within this chain's vast US network and also to replicate these successes in other US chains in the coming weeks and months."

$BOIL.CN

Research54d ago

Argus Upgrades Dow to Buy From Hold, Price Target is $46

Dow (DOW) has an average rating of overweight and mean price target of $43.12, 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://www..com/contact-us)

$DOW

Equities54d ago

BMO Capital Adjusts Price Target on Phillips 66 to $215 From $195, Maintains Outperform Rating

Phillips 66 (PSX) has an average rating of overweight and mean price target of $187, 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://www..com/contact-us)

$PSX

Equities54d ago

BMO Capital Adjusts Price Target on Expand Energy to $110 From $120, Maintains Outperform Rating

Expand Energy (EXE) has an average rating of overweight and mean price target of $134.19, 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://www..com/contact-us)

$EXE

Equities54d ago

BMO Capital Adjusts Price Target on ConocoPhillips to $135 From $140, Maintains Outperform Rating

ConocoPhillips (COP) has an average rating of overweight and mean price target of $142.31, 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://www..com/contact-us)

$COP

Equities54d ago

BMO Capital Adjusts Price Target on Diamondback Energy to $215 From $205, Maintains Outperform Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $229.53, 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://www..com/contact-us)

$FANG

Equities54d ago

BMO Capital Adjusts Price Target on EQT to $70 From $76, Maintains Outperform Rating

EQT (EQT) has an average rating of overweight and mean price target of $70.99, 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://www..com/contact-us)

$EQT

Equities54d ago

BMO Capital Adjusts Price Target on Marathon Petroleum to $290 From $255, Maintains Outperform Rating

Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $261, 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://www..com/contact-us)

$MPC

Asia54d ago

Fosun Pharma's Unit's Registration Application for Blood Stasis Syndrome Drug Accepted in China

Shanghai Fosun Pharmaceutical (SHA:600196, HKG:2196) unit Hebei Wanbang Folon Pharmaceutical's drug registration application for Tao Hong Si Wu Tang Granules was accepted by China's National Medical Products Administration.The drug is intended to be used for blood deficiency and blood stasis syndrome, according to a Wednesday Hong Kong bourse filing.

HKG:2196SHA:600196

Asia54d ago

Resonac's Profit Jumps 75% in Q1

Resonac's (TYO:4004) profit attributable to owners of the parent rose 75% to 15.3 billion yen for the first quarter from 8.75 billion yen a year earlier.The chemicals company's earnings per share increased to 76.17 yen from 48.44 yen a year ago, according to a Tokyo bourse filing on Wednesday.Revenue slipped 4.1% to 307.9 billion yen for the three months ended March 31 from 321.1 billion yen in the prior-year period.For the year ending Dec. 31, the company expects attributable profit of 77 billion yen, EPS of 425.45 yen, and revenue of 1.31 trillion yen.Resonac plans to pay a year-end dividend of 65 yen per share for the year.

TYO:4004

Insider Trading54d ago

Enlight Renewable Energy Insider Sold Shares Worth $592,377, According to a Recent SEC Filing

Marko Liposcak, General Manager of Enlight EU, on May 12, 2026, sold 6,402 shares in Enlight Renewable Energy (ENLT) for $592,377. Following the Form 4 filing with the SEC, Liposcak has control over a total of 32,539 ordinary shares of the company, with 32,539 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1922641/000117891326002621/xslF345X05/ownership.xml

$ENLT

Oil & Energy54d ago

OPEC Lowers 2026 Global Oil Demand Growth in May

The Organization of the Petroleum Exporting Countries on Wednesday forecast global oil demand growth for 2026 at 1.2 million barrels per day year over year down from last month's assessment for growth of 1.4 million bpd.Liquids production from countries not participating in the Declaration of Cooperation, is expected to grow by about 0.6 mb/d, year-over-year in 2026, unchanged from last month's assessment, the group said.

Japan54d ago

US Equity Futures Mixed as Nvidia Stock Rises Ahead of Crucial US-China Meeting

US equity futures were mixed pre-bell Wednesday as Nvidia (NVDA) stock rose ahead of a globally significant meeting between the US and China to discuss key economic and geopolitical issues.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.7% higher.Nvidia shares were up 2.3% after President Donald Trump confirmed in a post on Truth Social that Nvidia Chief Executive Jensen Huang is accompanying him on his visit to Beijing, raising expectations of progress in stalled talks over Nvidia's H200 AI chip sales to China. Also mentioned in the post were Tesla (TSLA) CEO Elon Musk and Tim Cook of Apple (AAPL), among others.Traders took note of the latest round of earnings. Alibaba Group (BABA) reported lower fiscal Q4 adjusted earnings and higher revenue, while Nebius Group (NBIS) posted a swing to Q1 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.1% at $107.63 per barrel and US West Texas Intermediate crude 0.4% lower at $101.77 per barrel.The April Producer Price Index, scheduled for release at 8:30 am ET, is expected to show a 0.5% increase following a similar gain in the preceding month, according to estimates compiled by Bloomberg.Federal Reserve Boston President Susan Collins, Minneapolis President Neel Kashkari, and Dallas President Lorie Logan are slated to speak on Wednesday.

Dow JonesNasdaq CompositeS&P 500$AAPL$BABA$NBIS$NVDA$TSLA

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US Markets54d ago

Alibaba's Fiscal Q4 Profit Surges 106% on Cloud Intelligence Investments

HKG:9988