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Correction: Ningbo Joyson Electronic's Q1 Profit Climbs 18%

(Corrects period in first paragraph to first quarter of 2026)Ningbo Joyson Electronic (HKG:0699, SHA:600699) recorded an 18% rise in attributable profit in the first quarter of 2026 to 402.1 million yuan from 340.5 million yuan a year prior, according to a Monday Hong Kong bourse filing.Earnings per share increased to 0.26 yuan from 0.24 yuan in the corresponding period of the previous fiscal year.Operating income slipped 5.2% to 13.8 billion yuan from 14.6 billion yuan in the year-ago period.

HKG:0699SHA:600699

Mining & Metals55d ago

Greenland Resources Providing Update on EUR 50 Equity Investment Led by Horizon Eur

$MOLY.TO

Asia55d ago

Ningbo Joyson Electronic's Q1 Profit Climbs 18%

Ningbo Joyson Electronic (HKG:0699, SHA:600699) recorded an 18% rise in attributable profit in the first quarter of 2025 to 402.1 million yuan from 340.5 million yuan a year prior, according to a Monday Hong Kong bourse filing.Earnings per share increased to 0.26 yuan from 0.24 yuan in the corresponding period of the previous fiscal year.Operating income slipped 5.2% to 13.8 billion yuan from 14.6 billion yuan in the year-ago period.

HKG:0699SHA:600699

Mining & Metals55d ago

Graphite One Says Graphite Creek Project Remains "in Progress" Under FAST-41 Permitting Program

Graphite One's (GPH.V) Graphite Creek Project remains "in progress" under the U.S. FAST-41 federal permitting program as the company continues to advance all required federal reviews on schedule, it said on Monday.The Graphite Creek Project planned as an open-pit graphite mine and associated mineral processing plant 60 km north of Nome, Alaska, was accepted as a FAST-41 "covered project" on June 2, 2025.Following the 60-day Coordinated Project Plan (CPP) process, the detailed permitting timetable was publicly posted on August 5, 2025. The CPP established a 13.5-month schedule for the required federal environmental reviews and authorizations, with a projected completion date of Sept. 29, 2026."FAST-41 has delivered exactly what it was designed to do - improved timeliness, predictability, and accountability across multiple federal agencies without changing any environmental or regulatory standards," said chief executive Anthony Huston. "By establishing a coordinated, publicly posted timetable and bringing all agencies together early, FAST-41 is accelerating our ability to develop America's largest graphite deposit and establish a secure, domestic supply chain for lithium-ion battery anode materials and other critical graphite products across a range of technology sectors."Graphite One shares closed down $0.03, to $1.15 on Friday on the TSX Venture Exchange.

$GPH.V

Sectors55d ago

Sector Update: Health Care

Health care stocks were edging higher pre-bell Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) and iShares Biotechnology ETF (IBB) marginally advancing.Organon (OGN) has agreed to be acquired by Sun Pharmaceutical Industries for $14 per share in an all-cash deal with an $11.75 billion enterprise valuation, the companies said. Shares of Organon were up more than 17% premarket.

$OGN

Sectors55d ago

Sector Update: Consumer

Consumer stocks were mixed premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.Domino's Pizza (DPZ) stock was down more than 6% after the company reported a decline in fiscal Q1 earnings, while revenue missed analysts' estimates.

$DPZ

Asia Markets55d ago

Tadawul Shares Extend Winning Streak as Fed Week Starts

Saudi Exchange-traded shares closed higher as investors turned their attention to the latest earnings by Saudi Arabian companies and the US Federal Reserve's highly anticipated interest rate decision on Wednesday.At the close of Monday trading, the Tadawul All Share Index closed in the green at 0.42%. Both Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Saudi Kayan Petrochemical (SASE:2350) led the charge at 9.96% at closing.The Fed is widely expected to keep the interest rates steady at its 3.50% to 3.75% range, with market watchers expecting to see clues for the group's next rate and policy moves."The Federal Open Market Committee is expected to keep policy steady next week, so our focus will be on any sign that the committee's assessment of the balance of risks has shifted since the mid-March meeting. There won't be updated economic projections to sort through, so any evidence of a change in FOMC members' thinking will come from the policy statement and Fed Chair Jerome Powell's press conference after the meeting," Oxford Economics said in a note.In other news, Reuters reported, citing sources from Pakistan, that Iran set out a new proposal for its peace talks with the US. The proposal covered guarantees that the US would not start the conflict again, the end of the blockade, among other things.Back at home, Saudia Dairy and Foodstuff (SASE:2270), d/b/a Sadafco, and Saudi Tadawul Group (SASE:1111) logged lower financial results for the first quarter of 2026. Arabian Cement Co. (SASE:3010), meanwhile, posted a 153.81% surge in its net profit and a 5.08% rise in sales.Sadafco and Saudi Tadawul Group closed 2.12% and 3.68% lower, while Arabian Cement shares ticked up 3.57%.

^TASISASE:1111SASE:2270SASE:2350SASE:2380SASE:3010

Sectors55d ago

Sector Update: Tech

Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.Qualcomm (QCOM) shares were up more than 9% after a TF International Securities analyst said that industry checks suggest Microsoft-backed (MSFT) OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors.

$MSFT$QCOM

US Markets55d ago

Verizon Raises 2026 Earnings Outlook Following Unexpected Postpaid Subscriber Additions

Verizon Communications (VZ) lifted its full-year earnings outlook on Monday and reported a first-quarter bottom line above market estimates, while the telecommunications giant unexpectedly added postpaid phone subscribers in the three-month period.The company now anticipates adjusted earnings to come in between $4.95 and $4.99 per share for 2026, up from its previous projections of $4.90 to $4.95, representing annual growth of 5% to 6%. The current consensus on FactSet is for non-GAAP EPS of $4.90. The stock was up 3.9% in the most recent premarket activity.Last week, rival AT&T (T) maintained its full-year earnings outlook and reported better-than-expected first-quarter results.For the three-month period ended March, Verizon's adjusted EPS rose to $1.28 from $1.19 the year before, topping the Street's view for $1.21. Operating revenue inclined 2.9% to $34.44 billion, but fell short of the average analyst estimate of $34.82 billion.The company added 55,000 retail postpaid phone subscribers in the quarter, compared with losses of 289,000 in the prior-year period. The average consensus among eight analysts on FactSet was for a loss of 88,100 subscribers."Our first-quarter 2026 results show that our turnaround is not only progressing, it is gaining momentum," Chief Executive Dan Schulman said in a statement. "This disciplined approach is already delivering healthier economics, lower churn, and the first positive first-quarter postpaid phone net adds we've seen in over a decade."Mobility and broadband service revenue inclined 1.6% to around $22.9 billion, including an 80-basis-point headwind to wireless service revenue growth due to an outage in January, according to the company. Service and other revenue edged up to $28.76 billion from $28.09 billion in the 2025 quarter. Broadband net additions totaled 341,000, down from 353,000 last year, according to a presentation.For 2026, retail postpaid phone net subscriber additions are now pegged to be at the top half of Verizon's previously issued guidance range of 750,000 to 1 million.The company continues to expect wireless service revenue gains to be roughly flat this year as it transitions to sustainable volume-based growth. It also reiterated its forecast of mobility and broadband service revenue growth of 2% to 3%.

$VZ

Mining & Metals55d ago

AKITA Drilling Announces Acquisition of Fox Drilling And Elimination of Dual Class Share Structure

AKITA Drilling (AKT-A.TO, AKT-B.TO) entered into a definitive agreement with Paramount Resources (POU.TO) to acquire all of Paramount's interests in Fox Drilling Limited Partnership, a privately-held drilling contractor that operates a fleet of high-specification AC triple drilling rigs in the Western Canadian Sedimentary Basin, said AKITA on Monday.AKITA will also undertake a reorganization of its share capital in connection with the acquisition, which will result in the elimination of AKITA's dual class share structure, said the company.AKITA will acquire all of Paramount's interests in Fox and its general partner, Fox Drilling Inc, in consideration for the issuance of around 19.26 million common shares, said the company and added that the final purchase price for the acquisition will be subject to post-closing adjustments for cash, working capital, indebtedness and any transaction expenses of Fox."We believe this transaction will create a stronger, more resilient drilling company with long-term value for all shareowners," said Colin A. Dease, President and Chief Executive Officer of AKITA. "The addition of Fox's fleet of high-specification AC triple rigs will enhance our scale and capabilities in the Montney and Duvernay gas basins."Under the purchase agreement, Paramount agreed to distribute the common shares pro rata among its shareholders promptly following the closing of the acquisition, said the company.Following the completion of the transaction and the distribution by Paramount, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding common shares, noted AKITA.Paramount will enter into an agreement with AKITA for a term of three years, concurrent with the closing of the acquisition, pursuant to which Paramount will commit to utilize rigs of AKITA for an aggregate total of 2,700 rig days during the term, said the company.Upon closing of the transaction, James Riddell, the president and chief executive officer and chairman of the board of directors of Paramount and Jackson Riddell, vice-president of Lionsgate Capital Ltd., are expected to join the board of directors of AKITA and three of the current AKITA directors are expected to step down, stated the company.Linda Southern-Heathcott and Nancy Southern will remain as directors, with Southern-Heathcott remaining as board chair, said the company and added that the management team of AKITA will remain the same following closing of the transaction.AKITA plans to proceed with its annual general meeting scheduled for May 12, 2026, it said.In addition to shareholder approval, the transaction, which involves the share reorganization and the acquisition, is subject to customary conditions, including the conditional approval of the TSX for the listing of the common shares issuable pursuant to the transaction."AKITA plans to call a special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026 and expects that the Transaction will be completed shortly after the receipt of such approval," added the company.

$AKT-A.TO$AKT-B.TO$POU.TO

Commodities55d ago

Market Chatter: Japan-Based Jera Holds Enough LNG Inventories to Meet Domestic Demand Through July

Jera, Japan's largest power generator, said it holds sufficient liquefied natural gas inventories to meet domestic demand through July, despite supply disruptions stemming from the Middle East conflict that has effectively shut the Strait of Hormuz, according to a Reuters report, citing the company's executives."At present, we have sufficient stock to last until July," Masato Otaki, the head of financial strategy and planning, told Reuters on Monday.He said that the company will take advantage of its global market trading capabilities to ensure flexible fuel procurement for the country's domestic needs.He also said that the company will adjust its procurement strategy depending on the how long the blockade in the Hormuz continues.This also comes just months after Jera signed a nearly three-decades-long deal with QatarEnergy, for 3 million tonnes per annum of LNG, from the North Field South expansion project starting in 2028. However, there is no clarity on the impact of the conflict on this deal.Jera did not immediately respond to' request for a comment on this story.(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 Markets55d ago

US Equity Futures Fall Pre-Bell as Middle East Peace Talks Remain Stalled, Iran Reportedly Floats New Peace Offer

US equity futures were marginally lower pre-bell Monday amid reports of Iran's new proposal to reopen the Strait of Hormuz against the backdrop of stalled US-Iran negotiations.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.1% higher.Iran has sent the US a new proposal to reopen the Strait of Hormuz and end the conflict, with nuclear talks deferred to a later date, according to an Axios report citing a US official and two other sources.President Donald Trump cancelled the trip of US special envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, saying, "If they want to talk, all they have to do is call!" according to a post on Truth Social on Sunday.Earnings kicked off for the week, with Verizon Communications (VZ) posting higher Q1 adjusted earnings and revenue.Among the companies expected to report quarterly earnings this week are Visa (V), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $100.86 per barrel and US West Texas Intermediate crude 1.7% higher at $96.05 per barrel.The Dallas Federal Reserve's manufacturing reading will be released at 10:30 am ET.The policy-setting Federal Open Market Committee is scheduled to release a statement 2 pm ET on Wednesday.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.8% higher in Europe's early afternoon session.In equities, Qualcomm (QCOM) shares were up 9.4% after industry checks suggested that Microsoft-backed OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors, according to a TF International Securities analyst. Verizon Communications stock was up 3% after the company reported its Q1 financial results.On the losing side, Domino's Pizza (DPZ) shares were down 7.4% after the company posted fiscal Q1 earnings and revenue that fell short of analysts' estimates.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$BRK.A$BRK.B$DPZ$GOOG$GOOGL$META$MSFT$QCOM$V$VZ

Mining & Metals55d ago

ARC Resources Agrees to be Acquired by Shell for C$22 Billion

ARC Resources (ARX.TO) agreed Monday to be acquired by Shell plc (SHEL) for C$22 billion, including debt, as the global oil and gas producer looks to add exposure to the prolific Montney shale-gas in northeastern British Columbia.Shell is offering C$32.80 per ARC share, a 27% premium to its Friday closing price on the Toronto Stock Exchange. The amount will be paid 75% with Shell shares and 25% in cash.The agreement will see Shell add ARC's 374,336 barrels of oil equivalent per day (boe/d)of natural gas and natural-gas liquids production from the Montney field at the end of last year, which is expected to grow to between 405,000 and 420,000 boe/d this year. It also adds supply for the LNG Canada facility on northern British Columbia's Pacific coast, which is 40% owned by Shell."ARC is a high-quality, low-cost and top quartile low carbon intensity producer operating in the Montney shale basin that complements our existing footprint in Canada and strengthens our resource base for decades to come. We are accessing uniquely positioned assets and welcoming colleagues that bring deep expertise which, combined with Shell's strong basin level performance, provides a compelling proposition for shareholders," Shell chief executive Wael Sawan said in a release.ARC holds 1.5-million acres of lands in the Montney region, which will add to Shell's holdings of 440,000 acres in the field. It also brings adds around two-billion boe/d of reserves.The acquisition re-establishes Canada as a major center for the global producer, which has been retreating from the country after selling off most of its oil-sands operations to Canadian Natural Resources (CNQ.TO) in 2017 and completed exit from the oil sands in 2025 by selling its remaining oil-sands interest to the Canadian producer. It still operates an oil-sands upgrader, refinery and carbon-capture facility near Edmonton, Alberta, as well as a refinery in Sarnia, Ontario, and owns 1,400 retail gasoline stations in Canada.ARC said Shell approached the company in March and its board formed a special committee to assess the offer, which it determined to be fair and in the best interest of shareholders."The ARC Board unanimously recommends this strategic transaction to our shareholders," board chair Hal Kvisle said in a statement. "This agreement delivers compelling value for our shareholders and brings together two companies with shared commitments to safety, operational excellence and care for communities and people - strengthening our ability to deliver resilient, long-term value creation for many years to come."The sale is expected to close in the second half of this year.ARC shares closed down C$0.35 to C$25.77 Friday on the Toronto Stock Exchange.

$ARX.TO$SHEL

Mining & Metals55d ago

ACT Energy Technologies Repays US$20.0 Million of Exchangeable Subordinated Promissory Note

ACT Energy Technologies (ACX.TO) repaid in full the outstanding exchangeable subordinated promissory note, issued in connection with its acquisition of Rime Downhole Technologies, on July 11, 2023, it said on Monday.The company repaid US$20.0 million of the note, plus accrued interest. The early repayment of the note was funded using the available US$20.0 million term facility provided by the company's syndicate of lenders, it said.Shares of the company closed up 4.1% to $6.68 on Friday on the Toronto Stock Exchange.

$ACX.TO

Treasury55d ago

Canada to Announce Creation of A Sovereign Wealth Fund This Morning, says Scotiabank

The Canadian federal government, led by Prime Minister Mark Carney, will announce a new sovereign wealth fund in a press conference at 9:15 a.m. ET on Monday in Ottawa, while Finance Minister Francois-Philippe Champagne will follow that up with a press conference at 10 a.m. ET in Montreal, says Scotiabank in its Monday morning note.The announcements around the fund will come ahead of Tuesday's Spring economic update from the federal government and, further down the road, ahead of a September investment conference that the Carney administration is planning, aimed at attracting global investment to Canada, notes Scotiabank."The devil will be very much in the details", says the bank of the new fund.One immediate observation from Scotiabank is that usually countries with sovereign wealth funds are net savers. Canada isn't.

$CXY

Equities55d ago

Jefferies Adjusts Price Target on EQT to $77 From $76, Maintains Buy Rating

EQT (EQT) has an average rating of overweight and mean price target of $70.76, 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)

$EQT

Mining & Metals55d ago

Blue Ant Media Company Inks Partnership Deal With Paramount Canada

Paramount in Canada and Media Pulse, a Blue Ant Media company, Monday announced an expanded partnership, naming Media Pulse as the exclusive direct sales and programmatic partner for Paramount's ad inventory in Canada.Media Pulse will represent Paramount's subscription video on demand (SVOD) platform, Paramount+, and its streaming service, Pluto TV. It will offer clients direct ad insertion opportunities across the full range of Paramount+ and PlutoTV's CTV inventory, enabling Canadian advertisers to reach highly-engaged audiences."This exclusive partnership with Pluto TV and Paramount+ in Canada is an exciting addition to our roster of premium partners, allowing us to further elevate the CTV experience and offer brands the opportunity to follow the viewer to a powerhouse of must-watch content," said Deborah Gurofsky, Media Pulse managing director. "This collaboration gives brands direct, streamlined access to a 'Mountain of Entertainment' that spans every genre and reaches engaged audiences across the country."Blue Ant Media shares closed down $0.11, to $6.74 on Friday on the Toronto Stock Exchange.

$BAMI.TO

Research55d ago

AlphaValue/Baader Europe Upgrades Novartis to Add, Trims PT

AlphaValue/Baader Europe on Monday upgraded Swiss drugmaker Novartis (NOVN.SW) to add from reduce and lowered its price target to 131.00 francs from 134.00 francs.(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)

$NOVN.SW

Research55d ago

ABG Sundal Collier Downgrades Mycronic to Hold, Raises PT

ABG Sundal Collier on Monday downgraded Swedish electronics production equipment company Mycronic (MYCR.ST) to hold from buy and raised its price target to 300 kronor from 265 kronor.(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)

$MYCR.ST

Research55d ago

DNB Carnegie Upgrades Hiab to Buy, Boosts PT

DNB Carnegie on Monday upgraded cargo handling machinery company Hiab (HIAB.HE) to buy from hold and increased the price target to 65.00 euros from 50.00 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)

$HIAB.HE

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Mining & Metals55d ago

AKITA Drilling Announces Acquisition of Fox Drilling And Elimination of Dual Class Share Structure

$AKT-A.TO$AKT-B.TO$POU.TO