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China Carbon Neutral's Substantial Shareholder Boosts Holding

China Carbon Neutral Development's (HKG:1372) substantial shareholder, Sha Tao, acquired an additional 550,000 ordinary shares in the firm, according to a Wednesday filing with the Hong Kong bourse.The shares were purchased from the open market for around HK$0.975 apiece and represent roughly 0.08% of the company's issued share capital.Sha now holds nearly 162.2 million shares, or 24.02% in the carbon-credit trading company.

HKG:1372

Research55d ago

Research Alert: Bwa: Q1 Earnings Well Ahead; Full-year Guidance Maintained

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BorgWarner (BWA) posted Q1 adjusted EPS of $1.24 vs. $1.11 (+12%), well ahead of the $1.17 consensus. The beat was attributable to stronger-than-expected sales and margins, as revenue rose 0.5% to $3.53B ($30M above consensus) and gross margin expanded 100 bps to 19.2% (40 bps ahead of consensus). The results demonstrated strong operational execution despite a 4.2% organic revenue decline. BWA maintained prior 2026 net sales and adjusted EPS guidance of $14.0B-$14.3B and $5.00-$5.20, respectively, the midpoints of which are below the $14.18B and $5.16 consensus. BWA returned $185M to shareholders in Q1, and with expected 2026 FCF of $0.9B-$1.1B, we expect cash returns to shareholders to continue. BWA shares are currently trading 2% higher in pre-market trading following the release. BWA is executing well through the cycle, delivering margin expansion, and double-digit EPS growth despite volume headwinds. In our view, BWA's Q1 results validate management's ability to control costs in a challenging environment.

$BWA

US Markets55d ago

Stocks Rise Pre-Bell, Oil Prices Fall After Report Says US, Iran Nearing Peace Agreement

The main US stock measures were pointing higher in Wednesday's premarket activity, while oil prices declined after a media report said the US and Iran are nearing a potential agreement to end their conflict.The S&P 500 and the Dow Jones Industrial Average rose 0.7% each before the opening bell, while the Nasdaq advanced 1.2%. The indexes finished the previous trading session in the green, with the S&P 500 and the Nasdaq closing with new highs.Washington is nearing an agreement with Tehran on a one-page memorandum of understanding to end their conflict in the Middle East and establish a framework for more detailed nuclear negotiations, Axios reported Wednesday, citing two US officials and two other sources familiar with the matter.In a social media post on Tuesday, President Donald Trump said the US is temporarily pausing "Project Freedom," its effort to guide neutral ships locked up in the Strait of Hormuz out of the crucial waterway. Trump noted that the US blockade on Iranian ports will remain in effect.US Defense Secretary Pete Hegseth reportedly said Tuesday that the ceasefire agreement with Iran remained intact despite recently renewed tensions in the Gulf region.West Texas Intermediate crude oil dropped 9.3% to $92.88 a barrel in premarket action, while Brent fell 8.3% to $100.77.Treasury yields slipped before the open, with the two-year rate retreating 7.3 basis points to 3.87% and the 10-year rate off 6.8 basis points to 4.35%.Walt Disney (DIS), Uber Technologies (UBER), CVS Health (CVS), Marriott International (MAR), Johnson Controls International (JCI), Restaurant Brands International (QSR), Kraft Heinz (KHC) and Performance Food Group (PFGC) are some of the major companies scheduled to report their latest financial results before the bell, among others.Arm Holdings (ARM), Applovin (APP), DoorDash (DASH) and Warner Bros. Discovery (WBD) post earnings after the markets close.Shares of Advanced Micro Devices (AMD) jumped 18% pre-bell after the chipmaker reported stronger-than-expected first-quarter results. Novo Nordisk's (NVO) US-listed stock climbed 7.5% as the Danish pharmaceutical giant issued an improved full-year sales outlook. Arista Networks (ANET) declined 8.1% after it issued a downbeat second-quarter revenue outlook.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the ADP Employment report for April at 8:15 am. The weekly EIA domestic petroleum inventories report is out at 10:30 am.Federal Reserve Bank of St. Louis President Alberto Musalem is slated to speak at 9:30 am, while Chicago Fed President Austan Goolsbee speaks at 1 pm.Gold increased 3.1% to $4,710 per troy ounce, while bitcoin moved up 0.8% to $82,210.

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$APP$ARM$CVS$DASH$DIS$JCI$KHC$MAR$NVO$PFGC$QSR$UBER$WBD

Sectors55d ago

Iran War Deal Optimism Lifts Global Markets, Says Scotiabank

The "rumour mill" that the end of the war with Iran may be near has markets buying it on Wednesday with few questions asked, when perhaps many remain, said Scotiabank.The rumour mill that the end of the war with Iran may be near has markets buying it with few questions asked when perhaps many remain.Oil is off by almost US$10/barrel, noted the bank. Sovereign bond yields are down across the board and by double-digit basis points in parts of European curves.Stocks are pushing higher, again led by Europe, where the gains are in the 2% to 3% range, pointed out Scotiabank. The US dollar (USD) is broadly weaker, but not for currencies linked oil such as the Canadian dollar (CAD or loonie) and Norway's krone (NOK), which are underperforming.Central bank moves are being slightly repriced, added Scotiabank.

$CAD$CXY$NOK$USD

Equities55d ago

Susquehanna Adjusts Price Target on Diamondback Energy to $245 From $231

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $227.55, 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://www..com/contact-us)

$FANG

Research55d ago

JPMorgan Downgrades Enovix to Underweight

Enovix (ENVX) has an average rating of overweight and mean price target of $15.39, 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)

$ENVX

Equities55d ago

Ascent Resources Expects Final Decision in Slovenia Arbitration in June

Oil and gas company Ascent Resources (AST.L) said the final decision for its energy charter treaty claim against Slovenia is expected to be issued in June.The update follows the International Centre for Settlement of Investment Disputes' confirmation that the arbitration tribunal has reached the final stages of the proceedings, according to a Wednesday filing.

$AST.L

Asia55d ago

Celltrion's Net Attributable Income Jumps 219% in Q1

Celltrion (KRX:068270) posted first-quarter net income attributable to shareholders of 346.1 billion won, up 219% from 108.7 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.The South Korean biopharmaceutical company's sales rose 36% year over year to 1.144 trillion won from 841.9 billion won.Shares of Celltrion fell nearly 2% at market close.

KRX:068270

Asia55d ago

Baijin Life Science Unit, Foryoung Tie Up for Clinical Cell Therapy Business

Baijin Life Science (HKG:1466) unit Beijing Baijin Biotechnology entered into an agreement with Foryoung Biotechnology for strategic cooperation, according to a Wednesday filing with the Hong Kong bourse.The parties will cooperate in the clinical cell therapy niche.Beijing Baijin Biotechnology will be responsible for the R&D, production, quality control, and global supply chain support of various products, with Foryoung Biotechnology integrating its technological capabilities in the process.

HKG:1466

Mining & Metals55d ago

Stella-Jones Q1 Net Income Falls, Misses Analysts' Expectations

Stella-Jones (SJ.TO) reported a decrease in net income in the first quarter even as revenue increased year-over-year.For the three months ended March 31, 2026, the company reported net income of $60 million or adjusted earnings per basic and diluted share of $1.12, compared with $93 million or $1.15 EPS, a year earlier. The result missed a consensus estimate compiled by FactSet of $1.13 EPS.Sales increased to $791 million in the quarter, compared with $773 million, a year-ago, but missed a consensus estimate compiled by FactSet of $811.4 million."We are pleased with the strong performance of Utility Products, driven by sustained demand for wood utility poles, as we successfully execute on our secured contractual commitments," said Stella-Jones Chief Executive Eric Vachon.Its board also declared a quarterly dividend of $0.34 per common share, unchanged from the prior quarter, payable on June 19, to shareholders of record at the close of business on June 2.Shares of the company closed up 2.5% to $83.50 on Tuesday on the Toronto Stock Exchange.

$SJ.TO

Research55d ago

Barclays Downgrades Abercrombie & Fitch to Underweight, Price Target is $76

Abercrombie & Fitch Co (ANF) has an average rating of overweight and mean price target of $117.20, 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)

$ANF

Asia55d ago

China Pipe Unit to Buy Commercial Property in Hong Kong

China Pipe Group (HKG:0380) unit Bun Kee (International) agreed to acquire a commercial Hong Kong property from a resident named Ho King Yee Hilda for HK$21.5 million, according to a Wednesday filing with the Hong Kong bourse.The firm will use the property as a retail store once its current tenancies expire.Completion of the purchase is expected to take place by May 29.

HKG:0380

Research55d ago

China Renaissance Upgrades Grab Holdings to Buy, $5 Price Target

Grab Holdings (GRAB) has an average rating of Buy and mean price target of $6.04, 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)

$GRAB

Research55d ago

Susquehanna Upgrades GlobalFoundries to Positive, $100 Price Target

GlobalFoundries (GFS) has an average rating of overweight and mean price target of $76.32, 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://www..com/contact-us)

$GFS

Research55d ago

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Advanced Micro Devices

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target to $500 from $400, based on a P/E of 29.4x our 2028 EPS view, above peers/below historical. We lift our EPS to $7.22 from $6.71 for 2026, $12.18 from $11.09 for 2027, and $17.03 from $14.50 for 2028. We are encouraged by AMD's growing opportunities as enterprises shift to Agentic AI workloads, which require substantially more CPU processing for orchestration and data movement. Given this, AMD more than doubled its long-term server CPU market forecast, now expecting the TAM to grow at over 35% annually to reach over $120B by 2030, up from a previous forecast of 18% annual growth to $60B. Also, customer demand for the upcoming MI450 series GPUs and its integrated Helios platform is exceeding initial plans, with Meta's large deal in Q1 offering great visibility over the next two to three years. We see ample room for AMD to exceed expectations and note its long revenue tail, which we see led by greater traction within major AI infrastructure builders for both its CPUs and rack-scale solutions.

$AMD

US Markets55d ago

Correction: Bayer Bolsters Ophthalmology Pipeline with $2.45 Billion Perfuse Therapeutics Deal

(Corrects headline)Bayer (BAYN.F) struck an agreement to purchase US-based biopharmaceutical company Perfuse Therapeutics, which specializes in treatments for eye diseases, in a deal worth up to $2.45 billion.Under the terms of the proposed deal, the German life science group will pay $300 million upfront and further milestone-based payments to Perfuse Therapeutics, according to a Wednesday release.Bayer will gain full rights to PER-001, an investigational small molecule endothelin receptor antagonist to treat ophthalmic diseases. The drug is currently under mid-stage clinical development as a potential therapy for glaucoma and diabetic retinopathy."With this acquisition, we are complementing our expertise in ophthalmology and our pipeline, reinforcing our commitment to developing urgently needed therapies for patients," said Juergen Eckhardt, head of business development and licensing at Bayer's pharmaceuticals division, highlighting the investigational drug's potential.Perfuse Therapeutics Chief Executive Officer and Founder, Sevgi Gurkan, echoed Eckhardt's sentiment, noting that the company's vision is closely in line with that of Bayer. "[They] have the scale and global resources to unlock the full potential of PER-001 to change the trajectory of human blindness."The ⁠acquisition is expected to take effect once the necessary ⁠regulatory and Perfuse stockholder approvals are achieved.As of midday Wednesday, Bayer's shares were trading more than 2% higher on Germany's Xetra.

$BAYN.F

Research55d ago

Maybank Research Downgrades Hartalega to Hold from Buy; Price Target is MYR1.10

Hartalega (KLSE:HARTA) has an average rating of hold and mean price target of 1.13 ringgit, 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)

KLSE:HARTA

Research55d ago

Yuanta Securities Upgrades Ecopro BM to Buy from Hold; Price Target is KRW270,000

Ecopro BM (KOSDAQ:247540) has an average rating of hold and mean price target of 203,931.81 won, 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)

KOSDAQ:247540

International55d ago

Sinking Oil Prices, Possible Peace Talks Lift Wall Street Pre-Bell; Asia, Europe Rally

Wall Street futures pointed to fresh record highs pre-bell Wednesday as oil prices fell following media reports that Tehran and Washington are preparing a memorandum on nuclear talks, and as technology companies continued to post solid earnings.In the futures, the S&P 500 rose 1%, the Nasdaq inclined 1.6% and the Dow Jones was up 1.1%.West Texas Intermediate crude oil traded down 12.1% to $89.89, in morning action.On the earnings scene, Advanced Micro Devices (AMD) surged 20.3% after the chipmaker issued upbeat Q1 earnings and forecasts, late Tuesday.Super Micro Computer (SMCI) lifted 14.9% after the IT-outfit released fiscal Q3 results and positive guidance, after-bell Tuesday.Walt Disney (DIS) trade up 4.8% pre-bell after the company reported fiscal Q2 EPS and revenue above outlooks, and issued guidance, before the market open.Asian exchanges rallied overnight on softer crude prices, with Seoul's KOSPI index rising 6.5% to shatter the 7,000 level on strength in tech and semiconductor issues, including a 14.4% bump in Samsung Electronics shares.European bourses tracked solidly north midday on the continent.On the economic calendar is the ADP Employment Report for April at 8:15 am ET, followed by the weekly EIA petroleum status bulletin at 10:30.Federal Reserve St. Louis President Alberto Musalem, and Chicago President Austan Goolsbee speak on Wednesday.In pre-market action, bitcoin traded at $82,191, and 10-year US Treasuries offered 4.34%. Spot gold commanded $4,710 an ounce.

Dow JonesNasdaq CompositeS&P 500

Research55d ago

AB Capital Securities Downgrades Metropolitan Bank & Trust to Neutral from Outperform; Price Target is PHP76.90

Metropolitan Bank & Trust (PSE:MBT) has an average rating of overweight and mean price target of 86.02 Philippine pesos, 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)

PSE:MBT

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US Markets55d ago

Stocks Rise Pre-Bell, Oil Prices Fall After Report Says US, Iran Nearing Peace Agreement

Dow JonesNasdaq CompositeS&P 500$AMD$ANET$APP$ARM$CVS$DASH$DIS$JCI$KHC$MAR$NVO$PFGC$QSR$UBER$WBD