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Indian Equities End Higher on Wednesday Amid Positive Fiscal Q4 Earnings

Indian benchmark indices ended higher on Wednesday, supported by positive fiscal Q4 earnings and value buying across select sectors.A large part of intraday gains was, however, trimmed in late trade due to profit booking.The BSE Sensex rose 609.45 points, or 0.8%, to close at 77,496.36, while the NSE Nifty 50 gained 181.95 points, or also 0.8%, to settle at 24,177.65.The market saw early support from selective buying, especially in auto stocks, which helped indices move higher in morning trade. However, the momentum was lost later as investors locked in gains at higher levels.Rising crude oil prices also kept sentiment in check amid concerns about supply disruptions if the Strait of Hormuz remains closed for longer period.Among stocks, Vedanta (NSE:VEDL, BOM:500295) rose nearly 5% after reporting a sharp jump in fiscal Q4 profit to 67.0 billion rupees from 34.8 billion rupees a year earlier.Shelter Pharma (BOM:543963) gained nearly 4% after securing a $144,000 export order for pharmaceutical supplies.

^BSENifty 50BOM:500295BOM:543963NSE:VEDL

International55d ago

MBA US Mortgage Applications Fall 1.6% in Week Ended April 24 After 7.9% Increase in Prior Week

Mining & Metals55d ago

Bausch + Lomb Q1 Revenue of US$1.244 Billion; Raises Guidance Based on Strong Performance and Positive Outlook

$BLCO.TO

Asia55d ago

New China Life Insurance's Profit Climbs 11% in Q1

New China Life Insurance (HKG:1336, SHA:601336) recorded an 11% rise in attributable profit in the first quarter to 6.5 billion yuan from 5.88 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.The insurer's earnings per share rose to 2.08 yuan from 1.89 yuan in the corresponding period of the previous fiscal year.Operating income slipped 34% to 22.1 billion yuan from 33.4 billion yuan in the year-ago period.

HKG:1336SHA:601336

Asia55d ago

China Construction Bank's Profit Climbs 3.5% in Q1

China Construction Bank (HKG:0939, SHA:601939) recorded a 3.5% rise in attributable profit in the first quarter of 2026 to 86.3 billion yuan from 83.4 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.The lender's earnings per share remained unchanged year over year at 0.33 yuan.Operating income jumped 11% to 206.4 billion yuan from 186 billion yuan in the year-ago period.

HKG:0939SHA:601939

Treasury55d ago

Canada's Government Continues to Spend in Its Updated Budget, Says Scotiabank

Canada's government tabled its Spring Economic Update on Tuesday, while Prime Minister Mark Carney had mostly scooped the story the day before in announcing the intention to create a sovereign wealth fund with an initial $25 billion capitalization, said Scotiabank.This was largely the extent of the 'investment' agenda in this update, with net incremental capital outlays otherwise amounting to $1 billion over the horizon, noted the bank.Much of the anticipated fiscal windfall -- at a "sizeable" $60.3 billion -- was ploughed back into an additional $54.5 billion in spending. The picture is somewhat muddled with "new measures" (a net $37.5 billion) encompassing known items such as the groceries benefit and the fuel tax suspension, while "policies since Budget 2025" at $17.0 billion appear as a dizzying list of departmental spending extensions and adjustments in an annex, stated Scotiabank.The update estimates the FY26 deficit came in substantially lower -- at $66.9 billion versus the earlier-projected $78.3 billion, but deficits in trailing years are otherwise near-identical to earlier projections after new spending is folded in. Marginal improvements come from a stronger gross domestic product profile over the horizon.The net debt profile is on a modestly faster pace of descent owing to lower debt levels as well as a stronger GDP denominator, pointed out the bank.The growth impact of new measures is minimal in the near-term, as supports were known heading into the budget. The cumulative tally announced in the past six months is growing though -- at almost $145 billion in federal fiscal support -- but much still hinges on delivery, added Scotiabank.The Bank of Canada won't be tearing up its playbook for its policy decision on Wednesday, but it will likely sharpen its upside narrative against an otherwise volatile backdrop, according to Scotiabank. While a hold is widely expected, the update reinforces Scotiabank Economics' view that the next move is likely a hike -- perhaps sooner rather than later.Otherwise, the update will be a footnote in a crowded week, it said. Canada's investment agenda is gaining traction, but it's a long-run play with markets likely pricing the potential payoff only gradually.Execution and geopolitical risk will dominate for now. Scotiabank looks for greater clarity -- directionally at least -- on both fronts come budget time this Fall.Tuesday, the bank got clarity that the government is comfortable continuing to spend.

$CXY

Asia55d ago

SKC Narrows Loss in Q1

SKC (KRX:011790) posted a first-quarter net loss attributable to shareholders of 81.6 billion won, narrowing from 104.9 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.Sales of the chemicals company were up 13% year over year to 496.6 billion won from 437.9 billion won.Shares of SKC fell more than 1% at market close.

KRX:011790

Asia55d ago

PSBC's Profit Climbs 1.9% in Q1

Postal Savings Bank of China (SHA:601658, HKG:1658) or PSBC recorded a 1.9% rise in attributable profit in the first quarter of 2026 to 25.7 billion yuan from 25.2 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.The lender's earnings per share slipped to 0.20 yuan from 0.24 yuan in the corresponding period of the previous fiscal year.Operating income jumped 7.6% to 96.2 billion yuan from 89.4 billion yuan in the year-ago period.

HKG:1658SHA:601658

Asia55d ago

Federal Bank's Fiscal Q4 Consolidated Net Profit Rises

The Federal Bank (NSE:FEDERALBNK, BOM:500469) recorded a rise in its consolidated net profit to 13.9 billion Indian rupees in the fiscal fourth quarter ended March 31 from 11.1 billion rupees a year ago.Earnings per share climbed to 5.38 rupees compared with the year-ago figure of 4.40 rupees, according to a Wednesday filing to the Indian stock exchanges.Interest earned by the lender in fiscal Q4 also increased to 79.5 billion rupees from 71.1 billion rupees a year earlier.The bank's board also recommended a final dividend of 1.20 rupees per share for the fiscal year ended March 31.Shares of the bank fell nearly 3% in recent trade.

BOM:500469NSE:FEDERALBNK

Asia55d ago

Megmeet Electrical's 2025 Profit Dips 67%, Revenue Rises 15%

Shenzhen Megmeet Electrical's (SHE:002851) net profit attributable to shareholders in 2025 dropped 67% to 145.8 million yuan from 436.1 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share dipped 68% year on year to 0.26 yuan from 0.83 yuan.Operating revenue rose 15% to 9.40 billion yuan from 8.17 billion yuan in the prior year.The Chinese industrial automation equipment manufacturer's shares jumped 10% at the close.

SHE:002851

Equities55d ago

Delek US Swings to Q1 Adjusted Earnings, Revenue Rises

Delek US (DK) reported Q1 adjusted earnings Wednesday of $0.08 per share, swinging from a loss of $2.32 a year earlier.Analysts polled by FactSet expected a loss of $1.42.Net revenue for the quarter ended March 31 was $2.65 billion, compared with $2.64 billion a year earlier.Analysts surveyed by FactSet expected $2.33 billion.

$DK

Research55d ago

Research Alert: Arx: Record Q1 Production As Shell Announces Cad22 Billion Acquisition

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ARC Resources (ARX) delivered record Q1 production of 418,522 boe/day, up 12% Y/Y, with funds from operations of CAD967M (CAD1.70/share, +17% per share) and free funds flow of CAD459M (CAD0.81/share, +19% per share Y/Y). Strong natural gas pricing of CAD4.51/Mcf and higher volumes led to the outperformance, while the company returned CAD256M to shareholders (56% of free funds flow) through dividends and share repurchases. On April 27, ARX announced a CAD22B acquisition by Shell at CAD32.80/share, representing a 27% premium and validating the company's operational excellence. Management maintained 2026 guidance of 405,000-420,000 boe/day production and CAD1.8B-CAD1.9B in capital spending, though Q2 will see planned turnaround impacts. The quarter demonstrates why Shell pursued this strategic acquisition, as ARX achieved double-digit production growth and strong gas pricing realization. We expect shares to trade near the CAD32.80 offer price barring any closing complexities.

$ARX

Mining & Metals55d ago

Nasdaq 100 Futures Up Near 0.4% and S&P Futures Up Less Than 0.1%

S&P/TSX CompositeS&P/TSX Composite

International55d ago

CRIF: Taiwan's Exports Expected to Hit About $861 Billion in 2026

Taiwan's exports are projected to surge to as high as $860.6 billion in 2026, driven by strong AI-related demand, according to CRIF estimates released Tuesday.The outlook comes after exports reached a record $195.74 billion in the first quarter, soaring 51.1% from the same period a year earlier, and far exceeding earlier government forecasts.March shipments alone hit an all-time high of $80.18 billion, up 61.8% annually. This marks the first time monthly exports surpassed the $80 billion threshold.Growth was mainly powered by electronics, with semiconductor-related components and ICT products posting exceptional gains, while traditional sectors such as textiles and metals continued to lag.ICT and audiovisual exports more than doubled in the first quarter, while electronic components rose 42.7%, driven by high AI demand.CRIF said that despite global uncertainties, including weaker global trade forecasts, Taiwan's export momentum is expected to remain resilient on continued technology sector strength.

Taiwan Weighted

Asia55d ago

China Life Insurance's Q1 Profit Slips 32%

China Life Insurance (HKG:2628, SHA:601628) recorded a 32% decline in attributable profit in the first quarter of 2026 to 19.5 billion yuan from 28.8 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share slipped to 0.69 yuan from 1.02 yuan in the corresponding period of the previous fiscal year.The insurer's operating income slid 15% to 93.3 billion yuan from 110.2 billion yuan in the year-ago period.The decline in profit was mainly due to a relatively high base in the first quarter of 2025 and market value fluctuations of certain equity investments in the period.

HKG:2628SHA:601628

Asia55d ago

PetroChina's Q1 Profit Climbs 1.9%

PetroChina (SHA:601857, HKG:0857) recorded a 1.9% rise in attributable profit in the first quarter of 2026 to 48.3 billion yuan from 47.5 billion yuan a year prior, according to a Wednesday Hong Kong bourse filing.The oil and gas company's earnings per share rose to 0.264 yuan from 0.259 yuan in the corresponding period of the previous fiscal year.Revenue slipped 2.2% to 736.4 billion yuan from 753.1 billion yuan in the year-ago period.

HKG:0857

Asia55d ago

Pond Group's Net Attributable Income Jumps 34% in Q1

Pond Group (KOSDAQ:472850) posted first-quarter net income attributable to shareholders of 9.97 billion won, up 34% from 7.47 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.The South Korean clothing manufacturer and online retailer's sales rose 9.9% year over year to 117.05 billion won from 106.5 billion won.Shares of Pond Group fell nearly 2% at market close.

KOSDAQ:472850

Research55d ago

KeyBanc Upgrades Zeta Global Holdings to Overweight From Sector Weight, Sets $22 Price Target

Zeta Global Holdings (ZETA) has an average rating of buy and mean price target of $28.38 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)

$ZETA

Asia55d ago

MTCN's Q1 Profit Jumps 96%, Revenue Climbs 19%

Zhejiang MTCN Technology's (SHE:003026) net profit attributable to shareholders in the first quarter jumped 96% to 13.8 million yuan from 7.1 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share soared 120% year on year to 0.11 yuan from 0.05 yuan.Operating revenue climbed 19% to 118.5 million yuan from the year-ago operating revenue of almost 100 million yuan.The silicon product maker's shares jumped less than 5% at the close.

SHE:003026

Asia55d ago

MTCN's 2025 Profit Jumps 89%, Revenue Rises 2%

Zhejiang MTCN Technology's (SHE:003026) net profit attributable to shareholders in 2025 jumped 89% to 43.1 million yuan from 22.8 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share climbed 83% year on year to 0.33 yuan from 0.18 yuan.Operating revenue rose 1.5% to 428.9 million yuan from 422.6 million yuan in the previous year.The silicon product maker's shares jumped less than 5% at the close.

SHE:003026

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Treasury55d ago

Canada's Government Continues to Spend in Its Updated Budget, Says Scotiabank

$CXY