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Scotiabank Previews Monday's CPI Data in Canada

Canada updates the consumer price index for March at 8:30 a.m. ET on Monday, said Scotiabank.Consensus sits at 1.1% month-over-month seasonally unadjusted (NSA), noted the bank, which estimates a 0.9% figure.The range is from 0.9-1.3%, pointed out Scotiabank. Estimates for the year-over-year rate run from 2.4% (Scotiabank) to 2.8%, with a median of 2.6%.Analysts are all high with slight variations on a gasoline-and fuel-driven spike as the main driver of the month-over-month gain, plus typical seasonality, stated the bank. The year-over-year rate is also buoyed by resetting the base effect from last April's elimination of the consumer portion of the carbon tax.The soft patch on core inflation measures was viewed as probably temporary even before the Iran war and the potential pass-through of higher commodities entered the picture, added Scotiabank. Core industrial prices were already surging and led core CPI inflation.The dip in core measures over recent months is hardly unprecedented-- early 2024 was another such period, according to the bank. The measures aren't all aligned as the traditional core has often been "warmer."

$CXY

Research60d ago

Deutsche Bank Downgrades Westlake to Hold From Buy, Lifts Price Target to $120 From $115

Westlake (WLK) has an average rating of overweight and mean price target of $120.25, 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)

$WLK

Equities60d ago

Yara International Names New Chairman

Yara International (YAR.OL) named Helge Lund as its new chairman, succeeding Trond Berger, according to a Monday release.Lund, who previously served as chairman of BP (BP.L) and Novo Nordisk (NOVO-B.CO), will assume the role following the Norwegian crop nutrition and ammonia group's annual general meeting on May 12.

$BP.L$NOVO-B.CO$YAR.OL

Mining & Metals60d ago

MDA Space Contracted By Airbus For Repeat Order of Antennas For OneWeb Constellation Extension

$MDA.TO

Asia60d ago

China First Capital's Winding-Up Hearing Adjourned to July 20

China First Capital (HKG:1269) said the Hong Kong High Court adjourned the hearing of a winding-up petition against it to July 20 from April 20, according to a Monday Hong Kong bourse filing.The automotive, education, and financial services company was slapped with the winding-up petition as it allegedly owes HK$10 million to a bondholder.

HKG:1269

Research60d ago

Wedbush Initiates MP Materials at Outperform With $90 Price Target

MP Materials (MP) has an average rating of buy and mean price target of $78.79, 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)

$MP

Wire60d ago

Sable Offshore Expects $180 Million in Capital Expenditures Through December, Oil Transportation Begins

Sable Offshore (SOC) said Monday that capital expenditure across its assets is expected to be around $180 million from April through December this year.The company also said oil transportation through two segments of the Santa Ynez Pipeline System has begun.The company said the 40 wells currently online at the Harmony and Heritage offshore platforms are producing an average of 750 barrels of oil per day per well.Once all 74 production wells are online, Sable said it expects average production per well to be around 700 barrels of oil per day.Sable also said it expects Platform Hondo to come online in June with an estimated fully ramped production rate of around 10,000 barrels of oil per day.The company also said it plans to conclude a refinancing of its senior secured term loan in the second quarter of 2026.Shares of the company were up 3.7% in Monday premarket trading.

$SOC

Equities60d ago

Austria's OMV Names New CEO

Austrian oil and gas company OMV (OMV.VI) said Monday that Emma Delaney was appointed as the chief executive officer, effective Sept. 1.She was also named chairwoman of the executive board. She will serve as CEO and chairwoman for three years, with an option for a two-year extension.

$OMV.VI

Asia60d ago

Bank of Maharashtra Fiscal Q4 Consolidated Net Profit Rises

Bank of Maharashtra (NSE:MAHABANK, BOM:532525) posted an increase in its consolidated net profit to 20.4 billion Indian rupees in the fiscal fourth quarter ended March 31, against 15.02 billion rupees a year ago.Earnings per share climbed to 2.66 rupees compared with a year-ago figure of 1.95 rupees, according to a Monday filing to the Indian stock exchanges.Interest earned by the lender in fiscal Q4 also jumped to 77.6 billion rupees from 67.3 billion rupees a year earlier.

BOM:532525NSE:MAHABANK

Research60d ago

Wedbush Initiates USA Rare Earth at Outperform With $29 Price Target

USA Rare Earth (USAR) has an average rating of buy and mean price target of $32.25, 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)

$USAR

Research60d ago

Bird Construction Price Target Raised to $48 at ATB

ATB Cormark Capital Markets raised its price target on Bird Construction Inc. (BDT.TO) to $48 from $38 on Monday.Analyst Chris Murray maintained an Outperform rating on shares of the Canadian provider of construction services following a recent corporate update with Bird's management, including CEO Teri McKibbon and CFO Wayne Gingrich."Discussion centred around demand conditions across the company's three segments, the margin outlook, capital allocation, and opportunities surrounding AI," Murray said in a note to clients."Management was increasingly bullish on its project pipeline, which continues to benefit from strong, balanced demand across primary end markets, combined with an industry-wide shift toward lower-risk, progressive model contracts," the analyst said."While construction names have rerated in H1/26, a strengthening opportunity set and margin outlook keep us positive on BDT."

$BDT.TO

Commodities60d ago

US Patent Board Ruling Invalidates Trina Solar Patent Claims Against Canadian Solar

Canadian Solar (CSIQ) said Monday the Patent Trial and Appeal Board of the US Patent and Trademark Office invalidated claims of two Tunnel Oxide Passivated Contact solar cell patents previously asserted by Trina Solar against some of its subsidiaries.The company said that this decision reinforces its track record in managing international intellectual property disputes, while noting that it remains focused on organic research and development, with an effective system to defend its global IP rights.President Colin Parkin said the company opposes what it described as the "abusive use of IP" to hinder competition, and will continue to defend its business interests.

$CSIQ

Mining & Metals60d ago

OpenText Appoints James McGourlay as President, Chief Client Officer

OpenText (OTEX.TO) on Monday said that James McGourlay will transition from interim chief executive officer to president, chief client officer, effective April 20, 2026."In this role, McGourlay will lead OpenText's global client experience, professional services, and renewals organization," said the company.The company also said that McGourlay will report to Ayman Antoun, Chief Executive Officer of OpenText as of April 20, 2026, and will continue to serve as a member of the OpenText Executive Leadership Team. The company further said that McGourlay has held senior leadership roles across sales, customer operations, and executive management at OpenText."James is a proven leader with more than 30 years at OpenText, and his career has consistently been anchored in our clients and what is essential to their success," said Tom Jenkins, Executive Chairman of the Board and Chief Strategy Officer, OpenText. "As Chief Client Officer, James will strengthen client experience and renewals, support cloud adoption, and advance OpenText's position as the trusted partner for data and security for enterprise AI."The company also announced that effective April 20, 2026, Paul Duggan will be stepping down from his position as president, chief customer officer and will continue to serve as executive vice president, special advisor. The company added that Duggan will also remain a member of the OpenText Executive Leadership Team until his departure from OpenText on July 1, 2026.

$OTEX.TO

Asia60d ago

Bank of Maharashtra Declares Final Dividend

Bank of Maharashtra (NSE:MAHABANK, BOM:532525) declared a final dividend of 1.20 rupees per equity share of 10 rupees each for the financial year ended March 31.

BOM:532525NSE:MAHABANK

Asia60d ago

Elife Holdings Extends Long Stop for Share Placing

Elife Holdings (HKG:0223) further extended the long stop date of a share placing agreement to May 12 from April 21, according to a Monday Hong Kong bourse filing.The extension came as the placing agent needed more time to finalize the placing with potential investors.The firm had, in January, agreed to place up to 271.2 million new shares at HK$0.102 to raise roughly HK$27.1 million in net proceeds.

HKG:0223

Mining & Metals60d ago

TransAlta Names Mike Politeski CFO

TransAlta (TA.TO) said Monday that it appointed Mike Politeski as executive vice president for finance and chief financial officer, effective May 1.The company also named Grant Arnold as EVP for growth and chief commercial officer, effective May 6.TransAlta said the appointments correspond with the transition of current EVP and CFO, Joel Hunter, to the role of president and chief executive officer, effective April 30.Current President and CEO John Kousinioris is retiring April 30.Politeski has over 25 years of experience across capital markets, financial strategy, risk, treasury, financial reporting and tax. He most recently served as senior vice president for finance and treasurer at Veren.Meanwhile, Arnold has over 30 years of leadership, commercial and technical experience in the power generation and energy sector. He served as president and CEO of BluEarth Renewables.

$TA.TO

Asia60d ago

CGS International Downgrades Thai Airways International to Hold from Add; Price Target is THB6.40

BKK:THAI

Research60d ago

Goldman Sachs Upgrades Waterbridge Infrastructure to Buy From Neutral, Adjusts Price Target to $32 From $26

Waterbridge Infrastructure LLC Class A (WBI) has an average rating of overweight and mean price target of $30.56, 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)

$WBI

Research60d ago

Stifel Upgrades Plexus to Buy From Hold, Adjusts Price Target to $250 From $200

Plexus (PLXS) has an average rating of overweight and mean price target of $210.80, 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)

$PLXS

Asia60d ago

Phillip Securities Upgrades PTT Exploration and Production to Buy from Accumulate; Price Target is THB40

BKK:PTTEP

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