Financial News · Live Terminal

Earnings Flash (MTL.TO) Mullen Group Posts Q2 Adjusted EPS C$0.41

$MTL.TO

Earnings Flash (MTL.TO) Mullen Group Reports Q2 Revenue C$609.3M

$MTL.TO

Hang SengNikkei 225Shanghai Composite

Truist Downgrades Norwegian Cruise Line Holdings to Hold From Buy, Keeps $20 Price Target

Norwegian Cruise Line Holdings (NCLH) has an average rating of overweight and mean price target of $21.63, 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)

$NCLH

Oil & Energy5d ago

Market Chatter: LNG Buyers Seek Better Terms From Qatar, UAE

Liquefied natural gas buyers from Asia and Europe intend to ask Qatar and the UAE to lower prices and offer more supply guarantees as insurance costs rise for cargoes crossing the Strait of Hormuz, Reuters reported Thursday.The Iran war has dented the reputation of the Gulf producers as reliable suppliers, significantly hurting their negotiating position. Qatar and UAE together account for almost one-fifth of global LNG export volumes and rely almost completely on the strait.While Qatar offers among the most competitive prices due to its low production costs, UAE provides flexible terms. Buyers say higher risks and insurance costs will help them negotiate lower costs and greater flexibility in the future, the report said, based on comments from buyers, traders and industry executives.Some recent long-term LNG contracts from the two countries have been priced at 12.3% of the Brent crude price compared with 12.6%-12.7% pre-war, indicating the buyers' intention to factor in higher regional risks, an industry source 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.)

Asia Markets5d ago

Tech-Sector Recovery Lifts Asian Stock Markets

Asian stock markets sustained the tech-sector recovery on Thursday, as traders shrugged off Persian Gulf hostilities and rising crude prices.Semiconductor issues got a lift after Google-parent Alphabet (GOOG, GOOGL) on Wednesday said it may spend $205 billion on AI development this year, more than expected.Hong Kong, Shanghai and Tokyo finished in the green, while Seoul's semiconductor-heavy KOSPI index rose 4.4%. Other regional exchanges were mixed on the high side.Brent oil rose to $98.06 a barrel, up 4.2%, during Asian market hours.In Japan, the Nikkei 225 opened higher and held ground, finishing up 0.5% as tech issues retained favor.The benchmark Nikkei 225 rose 307.00 to 66,422.60, as gaining issues outnumbered losers 120 to 102.Leading the upside was Sumitomo Metal & Manufacturing, up 5.1%, while semiconductor manufacturing equipment maker Lasertec rose 5%. Department store chain Takashimaya led the downside, off 6.1%.In Hong Kong, the Hang Seng Index opened evenly and rose to the close, concluding up 1.3%.The broad gauge Hang Seng rose 318.15 to 25,210.81, as gaining issues outnumbered losers 73 to 20. The Hang Seng TECH Index gained 0.7% on the day, while the Mainland Properties Index rose 1.5%.Leading the upside was Aluminum Corporation of China, gaining 6.3%, while Nongfu Spring declined 5.7%.On the mainland, the Shanghai Composite rose 0.2% to 3,876.78.On the other regional exchanges, the Taiwan TWSE rose 0.1%; the Australian ASX 200 advanced 0.2%; the Singapore Straits Times Index fell 0.2%, and the Thai Set rose 0.1%. In late trading in Mumbai, the Sensex was down 0.5%.The MSCI All Country Asia Pacific Index rose 1% on the day.In other news, South Korea's gross domestic product (GDP) expanded by 0.6% in Q2 from Q1, and by 3.7% on the year, according to the Bank of Korea.

Earnings Flash (TECK.TO) Teck Resources Reports Q2 Revenue C$3.60B

$TECK.TO

Earnings Flash (TECK.TO) Teck Resources Posts Q2 Adjusted EPS C$1.93

$TECK.TO

Earnings Flash (SVI.TO) StorageVault Canada Reports Q2 Revenue C$91.1M

$SVI.TO

TVS Motor Launches Orbiter Electric Scooter in Nepal

TVS Motor (NSE:TVSMOTOR, BOM:532343) launched its TVS Orbiter electric scooter in Nepal, according to a Thursday Indian bourse filing.The scooter has a 3.1 kWh battery, 158 km IDC range, cruise control, 34-litre boot space, hill hold assist, and other advanced features."The introduction of the TVS Orbiter in Nepal marks another significant milestone in our journey to expand the EV ecosystem across markets that are actively embracing sustainable mobility," Peyman Kargar, President of International Business at TVS Motor said.

BOM:532343NSE:TVSMOTOR

Brookfield Asset Management to Acquire Aypa Power in $7 Billion Deal

Brookfield Asset Management (BAM.TO) has agreed to acquire Aypa Power from funds managed by Blackstone Energy Transition Partners for about $7 billion enterprise value, or an equity value of $3 billion, the company said Wednesday.Battery storage developer Aypa has about 6.5 gigawatts of operating and contracted capacity and a development pipeline of more than 20 GW.The acquisition is expected to provide Brookfield with an entry point into the North American battery energy storage systems market.

$BAM.TO

RBC Upgrades Equinor to Sector Perform From Underperform, Raises Price Target to NOK420 From NOK360

Equinor's (EQNR) Norwegian stock has an average rating of hold and mean price target of NOK361.32, 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)

$EQNR

CGS International Adjusts Yangzijiang Shipbuilding to SG$5.10 from SG$4.95, Keeps at Add

Yangzijiang Shipbuilding (SGX:BS6) has an average rating of overweight and mean price target of SG$4.55, 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)

SGX:BS6

Tokyo Tokai Downgrades Stanley Electric to Neutral from Outperform; Price Target is 3,560 Yen

Stanley Electric (TYO:6923) has an average rating of overweight and mean price target of 3,921 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://finwires.com/en/contact)

TYO:6923

CGS International Downgrades Home Product Center to Reduce from Hold; Price Target is THB6

Home Product Center (BKK:HMPRO) has an average rating of hold and mean price target of 7.04 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:HMPRO

Phillip Securities Upgrades SCB X to Buy from Accumulate; Price Target is THB163

SCB X (BKK:SCB) has an average rating of overweight and mean price target of 152.66 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:SCB

Phillip Securities Upgrades Krung Thai Bank to Buy from Accumulate; Price Target is THB46

Krung Thai Bank (BKK:KTB) has an average rating of overweight and mean price target of 41.26 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:KTB

Market Chatter: Seven & i, PayPay in Final Talks on 100 Million Customer Data Integration, 200 Billion Yen Investments

SoftBank-backed (TYO:9984) PayPay and Seven & i Holdings (TYO:3382) are in final talks to integrate their customer data, bringing together over 100 million customers, as part of a loyalty point ecosystem, Nikkei reported Thursday.Under the deal, data will be integrated after SoftBank and PayPay agree to individually invest about 100 billion yen each in Seven & i, and the transaction will strengthen Seven & i's digital payments business.Meanwhile, Sumitomo Mitsui Card, a unit of Sumitomo Mitsui Financial (TYO:8316), is also considering participating, with an announcement possible as early as the end of this month.SoftBank, PayPay and Seven & i did not immediately respond to a request for comment from.(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.)

TYO:9984