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WTI, Brent Crude Futures Rise Pre-Bell as US, Iran Fail to Engage in Face-to-Face Talks in Pakistan

CBI: UK Retail Sales Balance Drops in April

The Confederation of British Industry distributive trade survey's retail sales balance fell to -68% in April from -52% in March, according to data published Monday.The consensus estimate was -42% for the month, according to Investing.com data.

FTSE 100

Asia Markets55d ago

US Equity Investors to Focus on Mag-7 Earnings, Possibility of Iran War Resolution This Week

US equity investors will focus on mega-cap earnings this week alongside geopolitical developments, especially any possibility of a deal to end the Iran war.* Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL), five out of the seven so-called Magnificent-7 companies will report quarterly earnings this week alongside scores of others. Last week, Intel's (INTC) blowout Q1 reflected the scale of demand for artificial intelligence-related products and services, boosting the S&P 500 and the Nasdaq Composite to record highs.* US President Donald Trump on Sunday reportedly said Iranian authorities "can call" if they want to talk, while reiterating the war could "come to an end very soon." This statement from Trump comes after the president canceled his envoys' trip to Pakistan over the weekend to negotiate a peace deal with Iran.* In the absence of any face-to-face discussions in Pakistan, Iran offered a proposal to reopen the Strait of Hormuz and end the war, Axios cited a US official and two people with knowledge of the matter in a news report. That proposal, however, includes postponing nuclear negotiations between the two countries, according to the Axios report.* Meanwhile, Iran's Foreign Minister Abbas Araghchi is in Russia ahead of a meeting with President Vladimir Putin to discuss the conflict with the US, after Tehran's top diplomat visited with key mediators Pakistan and Oman over the weekend, CNN reported Monday.* The Federal Reserve on Wednesday is certain to keep the federal funds range unchanged at 3.5% to 3.75%, according to the CME FedWatch tool.* Data due this week includes the personal consumption expenditures price index, the Fed's preferred inflation gauge for March, the ISM survey on manufacturing and services activity in April, the Q1 employment cost index, the Q1 gross domestic product advance estimate, and durable goods orders for March.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$INTC$META$MSFT

Asia55d ago

Maanshan Turns to Profit in Q1

Maanshan Iron & Steel (SHA:600808, HKG:0323) turned to an attributable profit of 42.4 million yuan in the first quarter from an attributable loss of 144.1 million yuan in the year-ago period, according to a Saturday filing with the Shanghai bourse.The iron company logged earnings per share of 0.01 yuan compared with a loss per share of 0.02 yuan in the prior-year period.Operating revenue declined 8.8% year over year to 17.7 billion yuan from 19.4 billion yuan.

HKG:0323SHA:600808

Equities55d ago

Market Chatter: TotalEnergies' Wind Farm Venture Delays Government Contract in UK

The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled.Seagreen will delay the contract until fall, instead of starting at the end of March, Bloomberg reported, citing the data.Seagreen is 49%-owned by SSE Renewables, while Thailand's PTTEP owns the remaining 25.5% stake, according to TotalEnergies' website.TotalEnergies and SSE did not immediately respond to' requests for comments.(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.)

$TTE

Asia55d ago

Mahindra & Mahindra Financial Services Chief Business Officer - Wheels Resigns

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) said chief business officer - wheels has resigned to pursue other interests, according to a Friday filing on Indian bourses.Shares of the company jumped 8% in Monday's trade.He will continue to be associated with the company in a consulting role for the wheels business, the filing said.

BOM:532720NSE:M&MFIN

Asia55d ago

China's Commitment to Low-Carbon Energy Bearing Fruit, S&P Says

S&P Global Ratings sees China's longstanding investment in low-carbon energy yielding results, especially given current oil price shocks, according to a Monday release.Nonfossils have a 40% share of the country's current power generation, S&P said.Following an initial period of overinvestment and focus on scale, the sector is shifting to better cost discipline and profitability goals, the rating agency said.Balancing capacity with uptake will be a main concern for the sector's next phase, given that grid buildout lags renewable capacity additions, S&P credit analyst Christopher Yip said.Meanwhile, regions with renewable output surpassing demand face curtailment risks, the analyst said.Producers who are able to optimize their trading strategy or distribute through better grid systems should survive this more demanding phase, S&P said.A full supply chain anchoring solar and wind generation and grid infrastructure should support lower costs for local players compared to global peers, S&P said.

Shanghai Composite^SZSE

Asia55d ago

Offshore Oil Engineering's Q1 Profit Slides 19%

Offshore Oil Engineering's (SHA:600583) attributable profit fell 19% to 438.4 million yuan in the first quarter from 540.8 million yuan in the year-ago period, according to a Saturday filing with the Shanghai/Shenzhen bourse.Earnings per share at the Chinese oil and gas company decreased to 0.10 yuan from 0.12 yuan in the prior-year period.Operating revenue slipped 2% year over year to 4.99 billion yuan from 5.10 billion yuan.

SHA:600583

Commodities55d ago

NWS Warns of Extreme Fire Weather Conditions, Thunderstorms in Plains

The US National Weather Service on Sunday said parts of the southern High Plains will see critical fire weather concerns due to strong wind and very dry conditions, while the Central and Southern Plains may experience severe thunderstorms.Damaging winds, large hail, and strong tornadoes may also occur along with thunderstorms, which will likely impact the Mississippi Valley on Monday.The NWS issued a red flag warning early Monday for parts of Texas, including Dalhart, Dumas, Borger, Pampa, Amarillo, Hereford, Clarendon, Canadian, Childress, Guthrie, Dimmitt, Plainview, Littlefield, Morton, Lubbock, Post, Matador, and Aspermont. The cities are within the service zones of Xcel Energy (XEL), American Electric Power (AEP)'s Texas unit, and Sempra Energy (SRE) subsidiary Oncor.In New Mexico, the agency posted a similar warning for Raton, Clayton, Roy, Las Vegas, Santa Fe, Moriarty, Santa Rosa, Tucumcari, Clovis, Portales, Ruidoso, Cloudcroft, Alamogordo, and Orogrande, where Xcel Energy and TXNM Energy's (TXNM) PNM are the main service providers.The NWS issued severe thunderstorm and flash flood warnings for parts of Kansas and Missouri. Evergy (EVRG) and Algonquin Power & Utilities' (AQN) Liberty both serve the two states, while Ameren (AEE) is also serving Missouri through its dedicated unit.In Kansas, Topeka, Lawrence, and Leavenworth were placed under a severe thunderstorm warning, along with Missouri's Plattsburg, Chillicothe, Carrollton, Kansas City, Poplar Bluff, and Farmington.Meanwhile, a flash flood warning was issued for parts of Manhattan, Topeka, Lawrence and Leavenworth in Kansas, and for areas around Joplin, Lebanon, and Rolla in Missouri.The agency posted a freeze warning for Idaho's Rexburg, Rigby, Arco, Idaho Falls, Blackfoot, Pocatello, Shoshone, and Burley, within the service areas of Idacorp's (IDA) Idaho Power and PacifiCorp's Rocky Mountain Power.The NWS issued a flood warning for areas near Washington's Winthrop, served by Puget Sound Energy, and cities close to Kansas' Paola, Missouri's Nevada Chillicothe, Warrensburg, Boonville, Harrisonville, Clinton, and Butler.Parts of Illinois under the same warning include Waukegan, Rockford, Aurora, Clinton, Canton, Havana, Quincy, and Jacksonville. The main electricity providers in these areas are Ameren's Illinois unit, Exelon's (EXC) ComEd, and Berkshire Hathaway Energy's (BRK.B) MidAmerican Energy.The agency also posted a similar warning for areas near Iowa's Clinton, Davenport, Burlington, and Keokuk, mainly served by Alliant Energy (LNT).In Wisconsin, areas near Appleton, Beaver Dam, Madison, Kenosha, and Janesville, were placed under a similar warning. The state's main electricity providers are Xcel Energy, Alliant Energy, MGE Energy's (MGEE) Madison Gas and Electric, and WEC Energy (WEC) subsidiaries, Wisconsin Public Service and We Energies.In Michigan, areas under the same warning include parts of Petoskey, Manistee, Kalamazoo, Houghton, Marquette, Iron Mountain, Menominee, and Newberry, primarily served by CMS Energy's (CMS) Consumers Energy, Upper Peninsula Power, Xcel Energy, and WEC Energy subsidiaries, Upper Michigan Energy Resources and We Energies.

$AEE$AEP$AQN$BRK.B$CMS$EVRG$EXC$IDA$LNT$MGEE$SRE$TXNM$WEC$XEL

Asia55d ago

Malaysian Shares End in Red Amid Oil Price Concerns, Mixed Regional Cues

Malaysian shares ended losses to end in the red zone, amid a mixed regional performance. The investors could not find positive cues as rising oil prices continue to burden the economy.The FTSE Bursa Malaysia KLCI shed 3.07 points to end 0.2% lower at 1,717.27 The day range was between 1,717.27 and 1,731.79.In economic news, Malaysia's Producer Price Index (PPI) rose 1.1% year on year in March, reversing a 3.4% decline in February and marking the first increase since March 2025, the Department of Statistics Malaysia reported.The mining sector surged 26.5%, driven by a 38.5% jump in crude oil extraction, while the water supply index rose 11.3% and electricity and gas supply increased 9.6%.In corporate news, Gold Li (KLSE:GOLDLI) is seeking to raise 15.2 million ringgit via an IPO on the ACE Market of Bursa Malaysia. The property developer's IPO entails a public issue of 117 million new shares at 0.13 ringgit each, and an offer for sale of 36 million shares.Shares of Dialog Group (KLSE:DIALOG) gained about 3% on close after it completed the disposal of Dialog Diyou PCR via its unit Dialog Chemicals.

FTSE Bursa Malaysia KLCIKLSE:DIALOGKLSE:GOLDLI

US Markets55d ago

Forvia Targets Lower Debt with EUR1.8 Billion Sale of Interiors Unit

Forvia (FRVIA.PA) will offload its interiors business group to Apollo-managed funds in a 1.82 billion-euro deal that will allow the French group to pare down debt and zoom in on technology-driven operations.The unit delivered 18% of the automotive technology supplier's consolidated revenue in 2025, through 59 production sites and eight research and development centers across 19 countries, according to a Monday release. Forvia said the new owner intends to support the interiors business' development and transformation.Forvia said the sale is a step towards the implementation of its Ignite strategy, presented at a capital markets day Feb. 24. All net proceeds of the transaction will be used to reduce the company's net debt by at least 1 billion euros, in line with management's plan to restore the group's financial structure."With regards to the Interior disposal, the expected debt reductions announced at the CMD have been confirmed and the cash-in is expected for 2026," Deutsche Bank Research said. "Improved visibility on the transaction is a positive, in our view. Overall, we do not expect consensus expectations to move much on the back of the release."The deal is slated to close by the end of 2026, subject to customary regulatory clearances and consultation of the employee representative bodies. Forvia engaged Evercore as its lead financial adviser alongside Crédit Agricole CIB as financial adviser, while Baker McKenzie served as legal counsel.Shares in Forvia dropped nearly 2% in midmorning trade.

$FRVIA.PA

Mining & Metals55d ago

S&P Futures Down Less Than 0.1%

S&P/TSX CompositeS&P/TSX Composite

Sectors55d ago

Brent Crude Up 2.4% at Near US$107.90 As US-Iran Peace Talks Stall

$CLM6$LCOM6$USO

Asia55d ago

China's Major Food Delivery Platform Could Reconsider Subsidies Amid Regulatory Fines, S&P Says

Regulatory fines on China's major food delivery platforms could lead to players veering away from subsidies and instead adopt efforts focusing on quality, S&P Global Ratings said in a Monday release.The fines point to authorities' efforts to tone down heightened competition, or involution, in the segment, S&P said.The regulatory move will enable major players such as Meituan (HKG:3690), Alibaba (HKG:9988), and JD.com (HKG:9618) to focus on quality rather than on subsidies, which could lead to better profits after a decline last year, the rating agency said.However, long-term impact will depend on whether the rule will be thoroughly enforced, S&P said.

Shanghai Composite^SZSEHKG:3690HKG:9618HKG:9988

Mining & Metals55d ago

Silver Mountain Reporting High Grade Silver Results From Surface Channel Sampling Program in Peru

$AGMR.V

Asia55d ago

Hope Life Shoots Down Zhongchuang Wangyan's Listing Claims, Clarifies Ties

Hope Life International (HKG:1683) refuted claims in a WeChat post by Zhongchuang Wangyan (Shenzhen) Technology that the latter is pursuing a listing under the former's stock code, according to a Monday filing with the Hong Kong bourse.The post alleged that Zhongchuang Wangyan plans to list under stock code 01683 and that, upon completion of certain procedures, Hope Life would be renamed "Zhongchuang Wangyan" and undergo changes to its board composition.The construction services provider said it has not entered into any agreement, arrangement or understanding with Zhongchuang Wangyan or its affiliates in relation to the alleged listing, proposed name change, or board revamp, and has no plans to do so.Hope Life added that its only relationship with Zhongchuang Wangyan is a cooperation framework agreement signed in September 2025 through a subsidiary for the joint development of an online banquet-related business, with no other contractual, equity, or other ties between the parties.

HKG:1683

US Markets55d ago

GfK: German Consumer Confidence Hits Three-year Low as Iran War Fans Inflation Worries

Consumer confidence in Germany hit a three-year low, weighed down by falling income and economic expectations as higher energy prices due to the Iran war continue to fuel inflation worries.The consumer climate indicator for May declined to -33.3 points from a revised -28.1 points in April, market research company Growth from Knowledge said in its latest consumer climate survey published Monday. The reading marks the indicator's lowest level since February 2023.The consensus estimate for May was -30.2 points, based on Investing.com data.In April, the indicator for income expectations plunged 18.1 points to -24.4 points, while economic expectations for the next 12 months fell 6.8 points to -13.7 points as consumers become increasingly concerned that a prolonged war poses a "serious" setback to Germany's economic growth."Income expectations are literally collapsing because of rising inflation. And in this context, people also currently believe that the timing for major purchases is less favorable," said Rolf Bürkl, head of consumer climate at the Nuremberg Institute for Market Decisions.Consumers' willingness to buy is also becoming more pessimistic, with the indicator hitting a two-year low of -14.4 points, down from the previous month's -10.9 points. Meanwhile, their willingness to save remains at a "high level" of 16.1 points, despite slightly decreasing by 2.4 points."The inflation rate in Germany rose from 1.9 percent to 2.7 percent in March due to rising energy prices caused by the war in Iran, leading the majority of consumers to once again expect price increases," GfK noted. "Although the indicator for price expectations rose somewhat less sharply in April than in March-likely due to falling prices at the filling stations, the indicator's level has risen compared to the beginning of the year."

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Mining & Metals55d ago

Liberty Gold Closes Sale of Goldstrike and Provides Corporate Update

$LGD.TO

Asia55d ago

Hong Lai Huat Buys Back Shares

Hong Lai Huat (SGX:CTO) bought back 826,500 shares worth SG$73,750 or SG$0.089 apiece on Monday, according to a same-day filing with the Singapore Exchange.The property developer has so far repurchased around 34.8 million shares under its existing buyback mandate.

SGX:CTO

Asia55d ago

Soochow Securities Starts InventisBio at Buy with 39.03 Yuan Price Target

SHA:688382

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Commodities55d ago

NWS Warns of Extreme Fire Weather Conditions, Thunderstorms in Plains

$AEE$AEP$AQN$BRK.B$CMS$EVRG$EXC$IDA$LNT$MGEE$SRE$TXNM$WEC$XEL