Financial News · Live Terminal

Page 1574 of 2410

Mineros Says Achieved "Major Milestone" With Porvenir Project Development

Sunita Tools' US Unit Sets Up Office in Chicago

Sunita Tools' (BOM:544001) U.S.-based subsidiary Sunita Defence Inc. has established a full-time office in Chicago, according to an Indian bourse filing on Tuesday.The subsidiary was created to bid for and supply defense products in the U.S. market and explore acquisition opportunities in the defense, aerospace and engineering space.

BOM:544001

Asia55d ago

Zuoli Kechuang Micro-finance Changes Name to Zuoli Kechuang

Zuoli Kechuang Micro-finance Company changed its English name to Zuoli Kechuang Company Limited (HKG:6866), alongside a change in its Chinese name, according to a Tuesday Hong Kong bourse filing.The name change came about following the relevant regulatory and shareholder approvals.The financial services company's English stock short name will be changed to ZUOLI KECHUANG from ZUOLI M-FIN effective 9:00 am on May 8.

HKG:6866

Research55d ago

Research Alert: Adm: Solid Q1 Results; Guidance Raised As Expected On Biofuel Policy Clarity

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Archer-Daniels-Midland (ADM) delivered solid Q1 2026 results, with adjusted EPS of $0.71 (+1% Y/Y) beating consensus by $0.05. The company raised full-year 2026 guidance to $4.15-$4.70 (consensus: $4.23) from $3.60-$4.25, supported by the March 2026 Renewable Fuel Standard finalization, which provides crucial policy clarity. This regulatory certainty supports the biofuels sector and strengthens ADM's investment thesis. Carbohydrate Solutions was the standout performer, with operating profit surging 48% to $356M as ethanol operations capitalized on strengthening margins from the improved policy environment. While AS&O faced headwinds with operating profit declining 34% to $273M due to mark-to-market impacts, its underlying operational performance showed resilience. The Nutrition segment continued its recovery trajectory with 42% growth in operating profit to $135M. We believe the combination of regulatory clarity and strong operational execution positions ADM well for improved earnings performance through 2026.

$ADM

Research55d ago

Equirus Securities Downgrades Central Depository Services (India) to Add from Buy; Price Target is INR1,300

Central Depository Services (India) (NSE:CDSL) has an average rating of overweight and mean price target of 1,321.14 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)

NSE:CDSL

Sectors55d ago

Markets Vacillate Between "Peace On-and-Off" Sentiment, Says Scotiabank

The "on-and-off" peace trade over the Middle East war is on again early Tuesday after being off the day before, said Scotiabank.Oil is retaining most of Monday's jump in Brent and WTI but giving back a couple of US dollars a barrel, noted the bank.United Kingdom gilts are underperforming the most as they catch up to Monday's developments in energy and bond markets following the U.K. public holiday, stated the bank.BoC hike pricing remains near 60bps after "bland" testimony on Monday from Governor Tiff Macklem, added Scotiabank. Equities are mostly higher except for London after Monday's holiday.

$CXY

Asia55d ago

Bharat Electronics Bags INR12.5 Billion Order for Ground Electronic Warfare System

Bharat Electronics (NSE:BEL, BOM:500049) secured an order worth 12.5 billion Indian rupees from India's Ministry of Defense for the supply of a ground-based electronic warfare system to the Indian Army, according to a Tuesday filing.The system has been designed and developed by Defence Electronics Research Laboratory, Hyderabad, and will be manufactured by the company, the filing said.The warfare system is intended for the detection, classification and analysis of radar and communication signals, the company said.

BOM:500049NSE:BEL

Research55d ago

UB Kay Hian Upgrades Siam Cement to Buy from Hold; Price Target is THB290

Siam Cement (BKK:SCC) has an average rating of overweight and mean price target of 225.46 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://www..com/contact-us)

BKK:SCC

Research55d ago

Research Alert: Ferguson Reports Solid Q1 With Margin Gains And Robust Capital Deployment

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ferguson's Q1 2026 sales/EPS of USD7.47B/USD2.13 beat consensus estimates of USD7.41B/USD2.03, with net sales increasing 3.6% Y/Y, led by 2.8% organic growth and 0.8% acquisition contributions. Gross margin expanded 30 bps to 31.0%, while operating margin improved 120 bps to 8.2%, demonstrating operational excellence despite mixed end-market conditions. We are positive about the strong margin expansion, robust 8% non-residential growth offsetting the 1% residential decline, and disciplined capital allocation, including USD236M in share repurchases and a new USD2.0B buyback program. Ferguson maintained its 2026 guidance for low- to mid-single-digit sales growth with adjusted operating margins of 9.4%-9.8%, reflecting confidence in continued market outperformance. We believe the company's diversified end-market exposure and value-added distribution model position it well to capitalize on long-term growth drivers, including water infrastructure and large capital projects.

$FERG

Research55d ago

Research Alert: Eaton: Q1 Results Surpass Targets; Data Center Demand Surging

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ETN delivered record Q1 sales of $7.5B (+17% Y/Y) with 10% organic growth exceeding its 5-7% guidance range, while operating EPS reached a record $2.81 (+3%), topping consensus of $2.73. Strong operational execution was evident despite margin pressures from M&A and capacity investments. We see ETN's $11B in strategic acquisitions, including Boyd Thermal ($9.6B) and Ultra PCS ($1.5B), as aligning the company further with high-growth, high-margin data center and aerospace markets. Management lifted organic sales growth guidance to 9-11% from 8%, projecting segment margins of 24.1-24.5% for 2026 and operating EPS of $13.05-$13.50. Order momentum accelerated with Electrical Americas bookings up 42% organically and total backlog expanding significantly (Electrical +48%, Aerospace +28%). We view ETN as well-positioned for accelerated growth following the planned Mobility spin-off by Q1 2027, capitalizing on electrification and digitalization trends.

$ETN

Mining & Metals55d ago

G Mining Ventures Provides Q1 Project Status Update on Oko West; Says Construction Advancing on Schedule and on Budget

G Mining Ventures (GMIN.TO) provided a status update as of first quarter of 2026 on its 100%-owned Oko West Gold project in Guyana, which continues to advance on schedule and on budget, with first gold pour targeted for the second half of 2027 and commercial production expected in January 2028, it said on Tuesday.The company has made substantial progress across engineering, procurement, site infrastructure and process plant development, while enhancing cost visibility and execution certainty since commencing development activities in October 2025, it said. Safety performance "remains strong," with one lost-time incident recorded to date, resulting in a Total Recordable Incident Frequency Rate of 0.37.The company also reported that overall project progress has reached 19.7% based on earned value, with construction advancing on schedule. About US$292 million has been spent to date, with US$525 million committed.The project remains on budget. Detailed engineering and procurement is about 80% complete.Total capital expenditures guidance at Oko West for 2026 and 2027 remains unchanged at US$514 to US$568 million and US$217 to US$240 million, respectively, it added. Infrastructure detailed design is scheduled to be completed in Q2 of 2026, and process plant detailed engineering is 70% complete.Shares of the company closed down 0.7% to $47 on Monday on the Toronto Stock Exchange.

$GMIN.TO

Asia55d ago

China Hongqiao Completes 10.2 Billion Yuan Convertible Bond Sale

China Hongqiao Group (HKG:1378) completed the issue of zero-coupon convertible bonds maturing in 2027 to raise 10.2 billion yuan, according to a Tuesday Hong Kong bourse filing.The firm will use proceeds to procure raw material, refinance existing debt, invest in overseas projects, and for future share repurchases and general corporate purposes.On full conversion of the convertible bonds at HK$43.90 apiece, a little over 266.6 million shares of the firm will be issued.

HKG:1378

Mining & Metals55d ago

Xanadu And EV Group Partnering To Build Industrial-Scale Photonic Quantum Hardware; Comes After XNDU Fell 61% on Monday

Xanadu Quantum Technologies (NASDAQ: XNDU) (TSX: XNDU), a photonic quantum computing company, has formed a strategic partnership with EV Group (EVG), a supplier of wafer bonding and lithography equipment, to "develop critical heterogeneous integration and wafer bonding processes to facilitate the scalability of photonic quantum systems", the company said MondayThroughout this partnership, Xanadu and EVG expect to utilize EVG's industrial manufacturing tools to fabricate the specialized chips used in Xanadu's photonic quantum computers, with the goal of accelerating the progression of quantum computing chip manufacturing from the lab to high-volume production, it added.This comes after Investor's Business Daily reported Xanadu stock had plunged Monday after the quantum computing firm registered nearly 294 million shares for resale in a move related to its SPAC merger.Shares in XNDU fell $29.83 or 61% to $19.06 in Canada yesterday.

$XNDU.TO

Asia Markets55d ago

Abu Dhabi, Dubai Shares Slide as Non-oil Private Sector Growth Slows

Markets in the United Arab Emirates closed lower on Tuesday as investors assessed the latest data from the country's non-oil private sector.At the close of trading, the FTSE ADX General Index shed 0.303%, while the DFM General Index lost 0.879%.The S&P Global UAE PMI declined to 52.1 in April from 52.9 in the prior month, marking the softest improvement in operating conditions since February 2021. New order growth for non-oil businesses and export orders slowed down amid the ongoing conflict in the Middle East, while overall input costs rose the sharpest since July 2024."The UAE non-oil private sector signalled a further loss of momentum in April, with operating conditions showing their weakest performance for more than five years. Heavy restrictions on key shipment routes resulted in a marked drop in exports, while rising cost pressures placed businesses under additional strain," S&P Global Market Intelligence senior economist David Owen said. "The subsequent uplift in selling prices - the fastest in nearly 15 years according to the survey data - underlined the growing inflation risks to the non-oil sector."On the geopolitical front, the UAE reported new missile and drone attacks leading to a fire at the Fujairah Oil Industry Zone. The Ministry of Defence also confirmed in a Monday statement that a total of 12 ballistic missiles, three cruise missiles, and four unmanned aerial vehicles were engaged by the country's air defense systems.Over to corporates, Alpha Dhabi Holding (ADX:ALPHADHABI) reported a higher attributable profit and an 8% year-on-year growth in revenue. Shares of the investment holding company closed the session 0.68% lower.Meanwhile, in Dubai, Ekttitab Holding (DFM:EKTTITAB) secured the Kuwaiti Capital Markets Authority's approval to reduce its capital to fully offset its accumulated losses. The investment company's stocks were 4.04% in green at trading's close.

^DFMGI^FADGIADX:ALPHADHABIDFM:EKTTITAB

Research55d ago

Research Alert: Adm: Solid Q1 Results; Guidance Raised As Expected On Biofuel Policy Clarity

$ADM

Equities55d ago

Earnings Flash (BTU) Peabody Posts Q1 Net Loss $0.27 a Share, vs. FactSet Est of $0.09 EPS

$BTU

Insider Trading55d ago

Miami International Holdings Insider Sold Shares Worth $756,480, According to a Recent SEC Filing

Shelly Brown, Executive Vice President and Chief Strategy Officer, on May 04, 2026, sold 16,000 shares in Miami International Holdings (MIAX) for $756,480. Following the Form 4 filing with the SEC, Brown has control over a total of 325,047 common shares of the company, with 325,047 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1438472/000208050626000015/xslF345X05/wk-form4_1777981418.xml

$MIAX

Commodities55d ago

INEOS Energy and Shell Expand Gulf of Mexico Exploration Partnership

INEOS Energy said on Tuesday that it has acquired a 21% stake in Gulf of Mexico assets operated by Shell (SHEL), partnering on three key exploration projects near the Appomattox platform to drive disciplined offshore growth.This stake adds to INEOS's existing assets in the Appomattox and Rydberg fields, the Nashville discovery, and the Mattox pipeline, the company said.The partnership initially targets three high-priority projects including the pre-FID Fort Sumter discovery, the drilling of the Sisco exploration well, and a third exploration well slated for completion by 2030, it added."We are focusing on areas close to existing infrastructure where we can move quickly, control costs and unlock new production," said David Bucknall, INEOS CEO.

$SHEL

International55d ago

Corporate Earnings, Easing Oil Prices Lift European Bourses Midday

European bourses tracked moderately higher midday Tuesday as oil prices eased and as the continental earnings season continued to pour in.Tech and energy stocks led gains on continental trading floors.UniCredit shares rose 5.6% mid-session after the company reported strong Q1 profits.Front-month North Sea Brent crude-oil futures were down 1% at $113.28 a barrel.Investors also eyed Wall Street futures in the green amid mixed closes overnight on Asian exchanges.In economic news, the European Union and Japan agreed to expand cooperation across data, digital identity, AI, quantum, infrastructure, standardization, and online platform issues, the EU-Japan Digital Partnership Council reported.The pan-continental Stoxx Europe 600 Index was up 0.5% mid-session.The Stoxx Europe 600 Technology Index was up 1.6%, and the Stoxx 600 Banks Index gained 0.1%.The Stoxx Europe 600 Oil and Gas Index rose 0.7%, while the Stoxx 600 Europe Food and Beverage Index edged 0.6% higher.The REITE, a European REIT index, gained 0.2%.On the national market indexes, Germany's DAX was up 1.3%, but the FTSE 100 in London lost 1.3%. The CAC 40 in Paris was up 0.6%, and Spain's IBEX 35 advanced 1.5%.Yields on benchmark 10-year German bonds were higher, near 3.1%.The Euro Stoxx 50 volatility index was down 3.3% at 24.08, but still indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

Asia55d ago

Seres Group's Vehicle Sales, Output Slide in April

Seres Group (SHA:601127, HKG:9927) sold 35,461 vehicles in April, down 0.8% from a year earlier.Output for the month slipped 4.2% year over year to 37,167 units, the vehicle maker said Tuesday in a Hong Kong bourse filing.For the four months ended April 30, group sales and output were up 19% and 15.4%, respectively, to 123,906 vehicles and 123,876 units.

HKG:9927SHA:601127

Showing 31461-31480 of 48184

Asia Markets55d ago

Abu Dhabi, Dubai Shares Slide as Non-oil Private Sector Growth Slows

^DFMGI^FADGIADX:ALPHADHABIDFM:EKTTITAB