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Colliers to Partner with Specialist Engineering and Design Firm

Colliers International Group's (CIGI.TO) U.S. division of its Engineering segment has entered into a definitive agreement to partner with Frankfurt-Short-Bruza Associates P.C. (FSB), the company said on Tuesday.FSB will establish a national aviation practice for Colliers Engineering & Design and "significantly expand" capabilities in the federal, mission-critical and Native American sectors, said the company.Under Colliers' "unique partnership model," FSB's senior leadership team will become "significant shareholders" in Colliers Engineering and play a "key role" in its leadership going forward, it added."This transaction provides Colliers Engineering with immediate access to the high-barrier-to-entry aviation market, where FSB's best-in-class qualifications and longstanding client relationships are critical to success," said the company. "FSB's focus on mission-critical markets also provides a significant opportunity for Colliers Engineering to capitalize on historic demand for data center projects."Terms of the transaction were not disclosed. The transaction is expected to close in the second quarter of 2026, it added."FSB has built an exceptional reputation delivering complex aviation, federal, and mission critical projects," said Kevin L. Haney, PE, President and Chief Executive Officer, Colliers Engineering, U.S. "Their design led culture, deep engineering expertise, and established client relationships are a perfect fit for our organization. We are thrilled to welcome their talented team and expand our capabilities in these growing end markets."

$CIGI.TO

Asia53d ago

China Healthwise Unit Sells Shares in Huanxi Media

China Healthwise (HKG:0348) unit Future Empire disposed of nearly 3.4 million shares in Huanxi Media Group (HKG:1003) for around HK$853,000 or HK$0.255 apiece, according to a Tuesday Hong Kong bourse filingThe health products retailer carried out the disposal through multiple transactions on the Hong Kong bourse on Tuesday.The firm intends to use proceeds as general working capital.

HKG:0348

Mining & Metals53d ago

- -Anaergia's Rhode Island Bioenergy Facility Receives Temporary Negative Carbon Intensity Score Approval Under Canada's Clean Fuel Regulations

$ANRG.TO

Insider Trading53d ago

Caris Life Sciences Insider Bought Shares Worth $501,426, According to a Recent SEC Filing

Jeff L Vacirca, Director, on May 11, 2026, executed a purchase for 31,050 shares in Caris Life Sciences (CAI) for $501,426. Following the Form 4 filing with the SEC, Vacirca has control over a total of 49,671 common shares of the company, with 49,671 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2019410/000172416126000005/xslF345X05/wk-form4_1778588549.xml

$CAI

Asia53d ago

SMBC Nikko Downgrades Tokyo Base to Neutral from Outperform; Price Target is 450 Yen

TYO:3415

Asia53d ago

Citi Downgrades Denso to Neutral from Buy; Price Target is 1,900 Yen

Denso (TYO:6902) has an average rating of overweight and mean price target of 2,221.18 yen, 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)

TYO:6902

Asia53d ago

Elara Securities Downgrades UPL to Accumulate from Buy; Price Target is INR783

UPL (NSE:UPL, BOM:512070) has an average rating of overweight and mean price target of 827.81 Indian rupees, 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)

BOM:512070NSE:UPL

Treasury53d ago

BMO Will Be Looking For More Hawkish Signals From Bank of Canada's Summary of Deliberations Due Wednesday

The Bank of Canada's April 29 meeting revealed more than usual despite the as-expected hold on rates decision, says Bank of Montreal (BMO).Or, to be precise, Governor Tiff Macklem's statement did, adds the bank.BMO notes the governor highlighted scenarios in which rates could go lower -- for example, to support growth if United States tariffs increase further-- or higher, to combat inflation if oil prices remain elevated. However, the latter could come with "a need for consecutive increases" since the overnight rate is already at the bottom end of the BoC's neutral range.BMO will be looking through the Summary of Deliberations for more clues that point to this hawkish tilt when they are released at 1:30 p.m. ET on Wednesday.The bank judges that the BoC would need a few bad consumer price index reports to prompt a hike, and it's still a long way from that as BMO recalls momentum in core inflation has been disinflationary since late last year, while subdued demand could limit the pass-through of higher costs.For now, the bank continues to expect the BoC to remain on hold through 2026.

$CXY

Equities53d ago

Adnoc Gas Targets 80% Restoration of Abu Dhabi Site by 2026-end

Adnoc Gas (ADX:ADNOCGAS) expects to restore 80% of processing capacity at its site in Habshan, Abu Dhabi, by the end of 2026, following two security-related incidents in April.The natural gas distribution company said Tuesday with its first-quarter results that the site is currently operating at 60% capacity, with full restoration targeted for 2027.

ADX:ADNOCGAS

Asia53d ago

Taiwan Kong King's Post-Tax Profit Plunges 82%

Taiwan Kong King (TPE:3093) recorded a post-tax profit of NT$11.4 million, down 82% from a year prior.The specialized agent for electronics-related manufacturers' turnover for the three months stood at NT$267.6 million, according to a Tuesday Hong Kong bourse filing by parent Wong's Kong King International (HKG:0532).

HKG:0532TPE:3093

Asia53d ago

Market Chatter: Investors Cautious About Underpinning Hopes on Trump-Xi Summit

Investors in China are betting on the meeting between Presidents Xi Jinping and Donald Trump to sustain relaxed relations helping prop up stocks and the renminbi, Bloomberg reported Monday.Watchers are no longer focusing on a big reset in U.S.-China relations but are now looking at whether Xi and Trump could avoid butting heads on trade, technology, and geopolitics, the report said."Tariffs and trade tensions have taken a backseat on investors' minds for now, given the supply risk to energy and petrochemicals," Bloomberg quoted JPMorgan Asset Management Chief Market Strategist Tai Hui as saying.While experts are not anticipating major policies from the meeting, fringe deals such as Chinese purchases of U.S. soybeans or aircraft could happen, the report said.(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.)

Shanghai Composite^SZSE

Commodities53d ago

Santos Greenlights Agogo Gas Tie-In Project in Papua New Guinea

Santos has reached a Final Investment Decision to proceed with the Agogo Production Facility Tie-In Project in Papua New Guinea, a project that will shore up long-term feedgas supply for the PNG LNG export terminal, the company said on Tuesday.The project includes the installation of a new 19-kilometre pipeline connecting the Santos-operated APF to existing PNG LNG infrastructure, alongside the drilling of two new wells and significant facility modifications, it said.Targeting its first gas in the second quarter of 2028, the project is expected to deliver incremental production capacity of about 135 mmscf/d, of which Santos' net share is 54 mmscf/d as per the statement.The development carries an estimated gross capital expenditure of $400 million over the next three years, with Santos' share totaling about $160 million, the company added.By utilizing existing processing and export infrastructure, the project offers a low-risk brownfield solution to convert 66 mmboe of undeveloped reserves into developed reserves, potentially extending the production profile beyond 2050, it said.Operational preparations are already well-advanced, with Chief Operating Officer Brett Darley confirming that key regulatory approvals, land access, and joint venture clearances are in place.The next phase of execution will focus on finalizing detailed designs and awarding the two primary construction contracts, the company added.

Mining & Metals53d ago

Paramount Resources's Q1 Net Income, Sales Fall YoY

Paramount Resources' (POU.TO) first-quarter net income and sales volumes dropped year over year, the company said Tuesday.Paramount reported a net income of C$53.2 million, or $0.36 per diluted share, in the three months ended March 31, slumping from $1.29 billion, or $8.74 per share, booked in the previous year.Analysts expected Paramount to record earnings of $0.27 per share, according to a consensus estimate compiled by FactSet.Sales fell to 48,255 barrels of oil equivalent per day (boe/d) from 54,409 boe/d.Paramount increased its first-half production guidance range to 43,000-46,000 boe/d from 39,000-44,000 boe/d previously. This resulted in an upgraded annual 2026 production guidance of 48,000-52,000 boe/d from 46,000-51,000 boe/d.The company cited the outperformance of the Willesden Green Duvernay property and the expected earlier start-up of the second phase of the Alhambra plant.Paramount also lowered its 2026 capital expenditures guidance by $50 million to a range of $1 billion to $1.1 billion, reflecting stronger well performance and improved capital efficiencies.In addition, Paramount revised its outlook for midpoint 2027 annual capital expenditures downward by $100 million to $1.0 billion.

$POU.TO

Asia53d ago

Elara Securities Downgrades Multi Commodity Exchange of India to Accumulate from Buy; Price Target is INR3,409

Multi Commodity Exchange of India (NSE:MCX, BOM:534091) has an average rating of buy and mean price target of 3,163.33 Indian rupees, 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)

BOM:534091NSE:MCX

Asia53d ago

Elara Securities Downgrades JSW Energy to Accumulate from Buy; Price Target is INR602

JSW Energy (BOM:533148, NSE:JSWENERGY) has an average rating of overweight and mean price target of 573 Indian rupees, 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)

BOM:533148NSE:JSWENERGY

Asia53d ago

Novartis India's Net Profit Declines in Fiscal Q4; Shares Jump 6% After Market

Novartis India (NSE:NOVARTIND, BOM:500672) said its net profit fell to 252.5 million Indian rupees in the fiscal fourth quarter from 293.0 million rupees a year ago, according to a filing to the stock exchanges on Tuesday.Earnings per share for the quarter ended March 31 slipped to 10.23 rupees from 11.87 rupees a year earlier.Revenue from operations of the pharmaceutical company increased year on year to 905.5 million rupees from 838.8 million rupees, the filing said.Shares of the company jumped over 6% in after-market hours.

BOM:500672NSE:NOVARTIND

Asia53d ago

Elara Securities Upgrades Birla to Buy from Accumulate; Price Target is INR1,328

Birla (NSE:BIRLACORPN, BOM:500335) has an average rating of overweight and mean price target of 1,285.62 Indian rupees, 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)

BOM:500335NSE:BIRLACORPN

Asia53d ago

Huachuang Securities Downgrades Wuhan Keqian Biology to Add from Strong Buy; Price Target is 17.60 Yuan

SHA:688526

Asia53d ago

Ciptadana Sekuritas Downgrades Kalbe Farma to Hold from Buy; Price Target is IDR1,000

Kalbe Farma (IDX:KLBF) has an average rating of buy and mean price target of 1,440.42 rupiah, 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)

IDX:KLBF

Mining & Metals53d ago

Neo Performance Materials Q1 Adjusted Net Income Boosted By Better Than Expected Revs; Lifts Its 2026 Adjusted EBITDA Outlook

Neo Performance Materials (NEO.TO), trading at 52 week highs, on Tuesday said its adjusted net income for the first quarter more than doubled, boosted by better than expected revenues, while increasing its 2026 Adjusted EBITDA outlookAdjusted Net Income for Q1 2026 was US$14.9 million, or $0.36 earnings per share, compared to Adjusted Net Income of $6.5 million or $0.15 earnings per share for Q1 2025. Commencing this quarter, Neo is revising the calculation of Adjusted Net Income to better reflect underlying operating performance attributable to Neo shareholders and improve comparability across periods.Revenue for Q1 2026 was $155.0 million, compared to $121.6 million for Q1 2025 and beating a consensus forecast at FactSet of $127.3 million.Adjusted EBITDA for Q1 2026 was $36.2 million versus $17.1 million for Q1 2025. This resulted in Adjusted EBITDA margin of 23.4% for the quarter, representing an improvement of 930 BPS over 2025.Neo has increased its 2026 Adjusted EBITDA outlook to $100 million to $110 million (up from $75 to $80 million) based on strong first quarter performance, supportive pricing conditions across the critical materials portfolio, improved demand visibility driven by customer contracting activity, and disciplined operational execution.Rahim Suleman, President and Chief Executive Officer, said: "We saw both strong demand and strong pricing across all three business units and all business units improved year over year. Our Rare Metals business, which focusses on critical materials such as hafnium and gallium contributed meaningfully to earnings growth. We advanced key strategic milestones, including the production of our one-millionth magnet at our European Permanent Magnet facility, and the commissioning of our new small scale heavy rare earth separation production line in Silmet, a critical step in our strategy to build the most vertically integrated rare earth magnetics value chain in Europe."Suleman added: "Given our strong first-quarter performance, healthy demand outlook and continued favourable pricing environment, we are raising our full-year Adjusted EBITDA guidance to a range of $100 million to $110 million. As global supply chains increasingly prioritize security and localization of critical materials, and structural growth drivers including AI infrastructure, electrification, automation and aerospace continue to underpin a supportive demand environment, Neo is well positioned for the future. Looking ahead, we remain focused on delivering disciplined growth, strong execution and long-term value for our stakeholders."Shares in NEO rose $0.56 or 1.9% to $29.64 in Canada yesterday.

$NEO.TO

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Mining & Metals53d ago

Neo Performance Materials Q1 Adjusted Net Income Boosted By Better Than Expected Revs; Lifts Its 2026 Adjusted EBITDA Outlook

$NEO.TO