Financial News · Live Terminal

Page 1627 of 2305

JSW Dulux Board to Consider Final Dividend for Fiscal 2026

JSW Dulux (NSE:JSWDULUX, BOM:500710), formerly Akzo Nobel India, said its board of directors will meet on May 13 to consider the declaration of final dividend for the financial year 2025-26, ended March 31, according to a filing with the Indian bourses on Thursday.

BOM:500710NSE:JSWDULUX

International55d ago

March US PCE Prices Rise as Expected; Income, Spending Both Increase

Personal income rose by 0.6% in March following a flat reading February, above the 0.3% gain expected in a survey conducted by Bloomberg as of 7:35 am ET.Personal consumption expenditures were up 0.9%, as expected and faster than a 0.6% gain in the previous month. After adjustment for inflation, real PCE increased by 0.2% after a 0.3% increase in February, compared with expectations for a 0.3% increase.The PCE price index increased by 0.7%, as expected, lifting the year-over-year rate to 3.5% from 2.8%. The price index increased by 0.4% month-over-month in February.The core PCE price index increased by 0.3%, as expected and following a 0.4% gain in February. The year-over-year rate accelerated to 3.2% from 3.0% in the previous month.The monthly report on personal income and spending is released by the Bureau of Economic Analysis about one month after the period it is measuring. Personal income is broken down into various categories, with wages making up the largest portion. Spending is reported in two ways-before and after adjustment for inflation movements.The price measures in the report are closely watched by the Federal Reserve, particularly the year-over-year. Faster consumption growth is usually a positive for stocks but combined with soft income readings could suggest consumers are overextending. Bonds are sensitive to the price measures if the pace is above the Federal Reserve's 2% target.

Asia55d ago

Orient Electric Board to Consider Final Dividend for Fiscal 2026

Orient Electric (NSE:ORIENTELEC, BOM:541301) said its board of directors will meet on May 8 to consider the declaration of final dividend for fiscal year ended March 31, according to a filing with the Indian bourses on Thursday.

BOM:541301NSE:ORIENTELEC

Research55d ago

Precision Drilling Keeps Sector Perform, Target Raised To C$150 From $140 at National Bank As Seen "Keeping Up The Good Pace" in Q1

$PD.TO

Asia55d ago

Market Chatter: Hyundai Motor Introduces New Infotainment System Pleos Connect, Eyes Launch in May

Hyundai Motor (KRX:005380) introduced Pleos Connect, its new infotainment system that is inspired by Tesla's minimalist design, and comes with a wide central touchscreen, Bloomberg reported Thursday.The next-generation infotainment system incorporates the voice assistant Gleo AI, which can understand regular conversations. The system is expected to be launched in South Korea in May before being launched globally, according to the report.Shares of Hyundai Motor fell nearly 5% at market close.(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.)

KRX:005380

US Markets55d ago

Bank of England Leaves Key Rate Unchanged but Soaring Energy Prices Signal Policy Rethink

The Bank of England held its key rate steady at 3.75% and reiterated its readiness to act as the ongoing war in the Middle East pushes up energy costs and creates upside risks for inflation.The UK central bank's Monetary Policy Committee voted 8-1 in favor of a hold, with lone dissenter Chief Economist Huw Pill voting for a 25 basis-point increase to 4%, citing the "clear upward shift in risks" to achieving the BoE's 2% inflation target, according to a Thursday release. At its previous meeting in March, the committee voted unanimously to leave the bank rate unchanged.Based on the latest data from the Office for National Statistics, the country's annual inflation rate climbed to 3.3% in March from the previous month's 3%, with the core rate, which excludes energy prices, edging down to 3.1% from 3.2%.The BoE expects inflation to come in higher later in 2026 on the back of soaring energy prices, with "material" second-round effects posing a risk in price- and wage-setting. Specifically, the headline inflation rate is currently expected by BoE staff to decline to an average of 3.1% in the second quarter before picking up to 3.3% in the third quarter.Given the high uncertainty around global energy prices and the potential impact on domestic inflation, the BoE set out three scenarios to determine how the war could affect the UK economy. In the worst-case Scenario C, the bank rate increases to 5.25% by the first quarter of 2027 on expectations that inflation would peak at 6.2% and remains largely above target."If the shock appears to be short-lived or the economy weaker, policy should place relatively more weight on avoiding unnecessary contraction in activity. If second-round effects are likely to be greater, policy should focus on returning inflation back to target more quickly," BoE Governor Andrew Bailey said.The MPC said it will closely monitor the situation in the Middle East and that it stands ready to implement the necessary measures to ensure that inflation remains on course to meet the BoE's 2% target over the medium term.

FTSE 100

Research55d ago

Research Alert: Iron Mountain Q1: Revenue Beats, Organic Service Revenue Growth Remains Strong

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:IRM reported Q1 revenue of $1.94B (+21.6% Y/Y), $75M above the consensus vs. $1.59B a year ago. Both storage rental (+12.4% organic growth) and service revenue (+24.3%) performed well in the quarter. IRM's growth businesses of data center, digital, and ALM collectively grew more than 50% Y/Y in Q1, accelerating from the >40% growth rate achieved in Q4 2025, demonstrating strong business momentum. Global RIM revenue was $1.26B (organic growth +8.3%) while Global Data Center revenue was $173M (+44.3%). Storage rental gross margins decreased 170 bps Y/Y to 68.9% while service revenue gross margins increased 190 bps to 34.4% (-110 bps Q/Q), with labor costs slowing in Q1. These diverging margin trends between storage and service have persisted for four quarters. This momentum reflects the increasing contribution of higher-margin, faster-growing segments to IRM's revenue mix as the company continues its strategic business transformation.

$IRM

International55d ago

US Initial Jobless Claims Fall in Week Ended April 25

US initial jobless claims fell to a level of 189,000 in the week ended April 25 from an upwardly revised 215,000 level in the previous week, compared with expectations for an increase to 212,000 in survey of analysts compiled by Bloomberg.The four-week moving average declined by 3,500 to 207,500 after increasing by 1,000 to a level of 211,000 in the previous week.Insured jobless claims declined by 23,000 to 1,785,000 in the employment survey week ended April 18. Insured claims were at a level of 1,816,000 in the employment survey week ended March 14.The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.

Mining & Metals55d ago

Arizona Metals Provides Results of PEA for Kay Mine Project

Arizona Metals (AMC.TO) provided results of a Preliminary Economic Assessment (PEA), supporting the initial mineral resource estimate for its Kay Mine Project, on Thursday."The results of the PEA establish the Kay Mine Project as a credible development opportunity, underpinned by a well-defined Indicated mineral resource and a fully costed mining scenario, which outlines our base case," said Arizona Metals Chief Executive Duncan Middlemiss.The company is also continuing its investigation of alternative processing technologies, which, together with supportive commodity price environments, "could enhance project returns," Middlemiss added.The PEA also showed 127 million pounds (Mlbs) copper, 293 Mlbs zinc, 258 koz gold, and 4,712 koz silver of payable production over the 10 years of conceptual mine life.Shares of the company closed down 3.6% to $0.54 on Wednesday on the Toronto Stock Exchange.

$AMC.TO

Asia55d ago

Yankuang Energy Sells 2 Billion Yuan

Yankuang Energy (HKG:1171, SHA:600188) issued 2 billion yuan of sci-tech innovation bonds carrying an interest rate of 1.84% and falling due in 3+N years, according to a Thursday Hong Kong bourse filing.

HKG:1171SHA:600188

International55d ago

March US Core PCE Price Index Rises 0.3% Vs. Expected 0.3% Gain, Prior 0.4% Gain

Asia Markets55d ago

Tadawul Shares End Week Lower on Geopolitical Jitters, Saudi Quarterly GDP Decline

The Tadawul All Share Index is back in the red, closing 0.45% lower on Thursday, as the threat of another possible escalation of the US-Iran conflict dampened investor sentiment and raised oil prices."The main catalyst for the latest jump in oil prices was a report from Axios, suggesting that an escalation in the conflict was still being considered as an option. And overnight, they've reported that Trump is set to receive a briefing today on potential plans for military action. According to that article, US Central Command had prepared a 'short and powerful' wave of strikes that would aim to break the negotiating deadlock," Deutsche Bank Research said in a note.In other news, and as expected, the US Federal Reserve decided to maintain interest rates at the 3.5% to 3.75% range at its meeting on Wednesday. At a news conference, Chair Jerome Powell disclosed that he will stay as a governor after his term as chair ends on May 15.Back at home, Saudi Arabia's seasonally adjusted real gross domestic product declined 1.5% quarter over quarter in the first quarter of 2026, flash data from the General Authority for Statistics showed.On the corporate front, Sumou Real Estate (SASE:4323) shares ticked up 0.94% as it secured a 36-month project to manage the superstructure development of the 149-villa Al Dhahiya Residence project in Mecca.

^TASISASE:4323

International55d ago

March US PCE Price Index Rises 0.7% Vs. Expected 0.7% Gain, Prior 0.4% Gain

Oil & Energy55d ago

EMEA Oil Update: Futures Ease From Record Highs as Middle East Conflict Intensifies

Oil futures eased on Thursday with Brent breaching $126 per barrel mark earlier in the session as traders braced for a prolonged supply deficit fueled by the US-Iran war.Front-month Murban crude futures slipped by 3.4% to $109.61 per barrel, while Brent futures fell 3.3% to $114.11/bbl and hit a high of $126 earlier in the session."Brent cracks 120/bbl as supply shortages mount," ANZ analysts said."The rally in crude oil prices shows no signs of slowing, as the prospect of an indefinite closure of the Strait of Hormuz weighs on sentiment," ANZ added.The breakdown in diplomacy, paired with a directive from President Trump to prepare for an extended blockade, has left traders bracing for a protracted supply deficit that demand destruction alone may not be able to bridge."The breakdown of talks between the US and Iran, along with President Trump reportedly rejecting Iran's proposal for a reopening of the Strait of Hormuz, has the market losing hope for any quick resumption in oil flows," ING said."While we estimate demand destruction in the region of 1.6m b/d, which is significant, it's clearly not enough to fill the supply gap we are currently facing," ING added.The market's ability to rely on existing stockpiles is rapidly eroding.Data from analytics firm Kpler indicates that Iran has only 12 to 22 days of unused storage capacity remaining.Once these facilities are full, Tehran will be forced to cut daily output by an additional 1.5 million to 1.6 million barrels per day.This looming cut would be layered on top of the estimated 10 mb/d already shut in due to the strait's closure.ING analysts warned that while regional demand destruction is estimated at roughly 1.6 mb/d, it remains insufficient to fill the widening supply gap, suggesting that significantly higher prices may be the only remaining lever to balance the market.US crude stockpiles dropped by 6.2 million barrels to 459.5 mmbbls in the week ended April 24, the Energy Information Administration said in its weekly report on Wednesday, amid signs of tightening supplies.Meanwhile, Trump on Wednesday reportedly said the UAE's decision to leave OPEC could help ease rising energy prices.

Mining & Metals55d ago

Parex Resources' Q1 Earnings Drop YoY

Parex Resources' (PXT.TO) first-quarter earnings dropped year over year in the first quarter, according to preliminary results released Thursday.Parex cited an unrealized loss on commodity risk management contracts, an increase in deferred tax expense, a higher cash settled share-based compensation expense, and recognition of one one-time costs.The company booked a net income of US$5 million, or $0.05 per share, in the first quarter, slumping from $81 million, or $0.82 per share, in the year-ago period.Average production rose year over year to 44,735 barrels of oil equivalent per day (boe/d) from 43,658 boe/d.Adjusted EBITDA totaled $133 million in the first quarter, compared to $135 million in the previous year.Parex expects to release its financial and operating results for the first quarter before markets open on May 12.

$PXT.TO

International55d ago

March US Real Personal Spending Rises 0.2% Vs. Expected 0.3% Gain, Prior 0.3% Gain

International55d ago

March US Personal Spending Rises 0.9% Vs. Expected 0.9% Gain, Prior 0.6% Gain

Research55d ago

Research Alert: Willis Towers Watson Q1 Eps Tops Consensus Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WTW posted Q1 2026 EPS of $3.72 vs. $3.13 in the prior year, beating the $3.65 consensus but missing our $3.85 estimate, though results reflected continued turnaround progress. Revenue rose 8% to $2.4B with 3% organic growth demonstrating solid business momentum despite macroeconomic headwinds, while adjusted operating margin expanded 70 bps to 22.3% reflecting transformation program benefits and disciplined expense management. We are encouraged by these results and WTW's operational discipline, though more competitive conditions may crimp organic revenue growth. Management reaffirmed its commitment to continued annual margin expansion, expecting ~100 bps average annual expansion over two years in Risk & Broking and incremental expansion in Health, Wealth & Career. The company returned $388M to shareholders through $300M in buybacks and $88M in dividends, expecting $1.0B+ in buybacks for 2026. We look forward to management's comments on restructuring progress and market conditions on today's investor call.

$WTW

Research55d ago

Research Alert: Carrier Tops Q1 Expectations; Data Center Orders Surge 500%

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Carrier Global Corporation (CARR) reported mixed Q1 2026 results with net sales rising 2% to $5.3B, though organic sales declined 1% as FX tailwinds offset underlying volume pressure. Adjusted operating margin contracted 520 bps to 11.1%, reflecting lower residential volumes, factory under-absorption, and ongoing China challenges, with CSA segment margins declining 730 bps on a ~12% decline in residential sales. Commercial HVAC emerged as a clear standout with orders surging 35% overall and data center orders jumping over 500%, which led to strong sequential backlog growth. Sales performance exceeded management's expectations, supported by Commercial HVAC and Light Commercial strength, while weakness in Residential was less severe than anticipated. The robust data center order momentum has built a backlog that now fully covers expected 2026 data center sales, positioning CARR well for continued growth in this high-margin segment despite near-term residential headwinds and persistent China market challenges.

$CARR

Research55d ago

OP Corporate Bank Upgrades Konecranes to Buy, Trims PT

OP Corporate Bank on Thursday upgraded Finnish crane manufacturer Konecranes (KCR.HE) to buy from accumulate and decreased its price target to 32.00 euros from 33.00 euros.(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)

$KCR.HE

Showing 32521-32540 of 46086

Oil & Energy55d ago