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Stifel Nicolaus Initiates Coverage on ITG With Buy Rating, $16 Price Target

ITG, Inc. (ITG) has an average rating of Buy and mean price target of $17.33, 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://finwires.com/en/contact)

$ITG

International8d ago

US Dollar Mixed Early Monday, Focus on FOMC, Q2 GDP This Week

The US dollar was mixed against its major trading partners early Monday -- up versus pound and Canadian dollar, down versus the euro and yen -- ahead of a busy week of events, highlighted by the Federal Open Market Committee meeting announcement on Wednesday and the first look at Q2 GDP on Thursday.The CME Fed Watch Tool currently shows a 64.2% chance of no change to the 3.50% to 3.75% target range for the federal funds rate being priced in and a 35.8% chance of a 25-basis point rate increase.Monday's schedule includes durable goods orders data for June at 8:30 am ET, the Dallas Federal Reserve's manufacturing index for July at 10:30 am ET, and an update to the Atlanta Fed's GDP nowcast estimate around midday.Tuesday's busy schedule will be highlighted by advance trade data for June, home price data for May and consumer confidence data for July.Weekly mortgage applications and oil stocks will be released Wednesday before the FOMC's rate announcement.In addition to the GDP data, weekly jobless claims and natural gas stocks and personal income, spending and price data for June are due to be released on Thursday.Employment cost data for Q2, the Chicago PMI for July and the final University of Michigan consumer sentiment data for July are scheduled to be released on Friday.A quick summary of foreign exchange activity heading into Monday:EUR/USD rose to 1.1393 from 1.1371 at the Friday US close but was below a level of 1.1406 at the same time Friday morning. Eurozone money supply rose at a faster pace in June than in the previous month. The next European Central Bank meeting is scheduled for September 10.GBP/USD fell to 1.3313 from 1.3322 at the Friday US close and 1.3327 at the same time Friday morning. UK retail conditions improved in July but remained negative, according to data released earlier Monday. The next Bank of England meeting is scheduled for Thursday, when no change in the policy rate is expected.USD/JPY fell to 163.6244 from 163.8488 at the Friday US close but was above a level of 163.4220 at the same time Friday morning. The Japanese leading index increased in May, according to data released overnight. The next Bank of Japan meeting is scheduled for Thursday, when no change in the policy rate is expected.USD/CAD rose to 1.4104 from 1.4101 at the Friday US close and 1.4085 at the same time Friday morning. There are no Canadian data on Monday's schedule. The next Bank of Canada meeting is scheduled for Sept. 2.

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Mining & Metals8d ago

International Tower Hill Mines Appoints David Wiens as Chief Executive Officer

International Tower Hill Mines (ITH.TO) said Monday it has appointed David Wiens as chief executive officer effective Aug. 17.Wiens was most recently chief financial officer of Asante Gold (ASE.V), and he takes over from Karl Hanneman, who will remain with the company as strategic advisorShane Parrow has been appointed chief operating officer, with immediate effect. Parrow was general manager of Kinross Alaska.International Tower Hill is advancing the Livengood Gold Projec in Alaska.Asante Gold separately said deputy chief financial officer Dindiok Chialin will act as interim CFO.

$ASE.V$ITH.TO

Mining & Metals8d ago

CN Rail Price Targets Raised at RBC, TD

Analysts at RBC Capital Markets and TD Securities raised their price targets on Canadian National Railway (CNR.TO, CNI) to C$205 from C$195, and to C$205 from C$191, respectively.RBC analyst Walter Spracklin maintained an Outperform rating on shares of the Canadian railway following its Q2 results."CN delivered on a solid beat and raise, with the raise being a higher order of magnitude than we had been expecting," Spracklin said in a note to clients."We like the CN opportunity as the cheapest railroad in our sector coverage, with the raise in guidance (and potential for further upside) poised to lead to a further relative multiple re-rate in our view," the analyst said.TD analyst Cherilyn Radbourne maintained a Buy rating on the stock. "Record Canadian grain volumes contributed, but CN's unique multi-commodity/multi-year opportunity in energy is ramping up," Radbourne said in a note to clients.(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://finwires.com/en/contact)

$CNI$CNR.TO

Research8d ago

Citigroup Downgrades Albertsons to Neutral From Buy, Lowers Price Target to $11 From $17

Albertsons (ACI) has an average rating of overweight and mean price target of $15.07, 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://finwires.com/en/contact)

$ACI

Research8d ago

Goldman Sachs Downgrades Vale to Neutral From Buy, Cuts Price Target to $16 From $18

$VALE

Equities8d ago

Union Jack Oil Urges Investors to Reject Board Overhaul Bid Proposals at Requisitioned General Meeting

Union Jack Oil (UJO.L) urged shareholders to vote against resolutions to replace its board, saying the requisition was "misguided" and "ill-timed" as it was submitted just six days after Reabold Resources (RBD.L) announced its all-share takeover offer for the company.The oil and gas company said Monday its shareholders holding 20.7 million shares, or 14.09% of its total voting rights, requisitioned a general meeting on Aug. 24 to consider resolutions to overhaul the board.The board said the requisitioners are "simply being opportunistic" by attempting to replace the board during the offer process.Union Jack Oil also plans to reconvene its adjourned annual general meeting on Aug. 24.

$RBD.L$UJO.L

Mining & Metals8d ago

Medaro Mining Completes Airborne Geophysical Survey, Phase 1 Exploration Program

Medaro Mining (MEDA.CN) completed its 2026 airborne geophysical survey and Phase 1 ground exploration program at the Clay Howells West Rare Earth Element (REE) project, located 50 kilometres north-northeast of Kapuskasing, Ontario, it said in a statement on Monday.The ground exploration program completed geological mapping, prospecting and ground radiometric surveys across priority target areas. A total of 61 rock samples and 45 soil samples were collected from multiple areas of the property, it said.The company plans to use the combined datasets to refine exploration targets and prioritize areas for follow-up exploration.Shares of the company closed down 5.1% to C$0.185 on Friday on the Canadian Securities Exchange.

$MEDA.CN

Research8d ago

BTIG Research Downgrades UTZ Brands to Neutral From Buy

UTZ Brands (UTZ) has an average rating of Hold and mean price target of $14.31, 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://finwires.com/en/contact)

$UTZ

Asia8d ago

Axelspace Ends Commercial Operations of GRUS-1E Satellite After Control System Failure

Axelspace (TYO:402A) said its consolidated subsidiary, Axelspace Corp., will terminate commercial operations of the GRUS-1E microsatellite, launched in March 2021, after a malfunction in its attitude control system made stable operations impossible.Telemetry data indicated that two of the satellite's four reaction wheels had likely failed, preventing restoration of three-axis attitude control, according to a Tokyo bourse filing on Monday.The incident will not result in an additional impairment loss, as the asset was fully impaired in fiscal 2024, the company said.

TYO:402A

Research8d ago

Keefe Bruyette & Woods Downgrades Stewart Information to Market Perform From Outperform, Cuts Price Target to $71 From $77

Stewart Information Services (STC) has an average rating of overweight and mean price target of $81.50, 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://finwires.com/en/contact)

$STC

Oil & Energy8d ago

European Commission Approves Luxembourg Aid Scheme to Offset Fuel Price Surges

The European Commission has approved a 54-million-euro ($61.5 million) Luxembourg state aid scheme to help road and rail freight companies absorb surging fuel costs driven by the Middle East crisis, it said on Friday.Authorized under the Middle East Crisis Temporary State Aid Framework, the program provides direct grants covering up to 70% of additional fuel expenses incurred between March 1 and December 31, it said.Regulators determined the initiative is a necessary, appropriate, and proportionate measure to sustain critical transport operations without distorting the common market.Crude oil prices have surged ever since the US-Iran conflict started in February earlier this year with energy supplies transiting via the Strait of Hormuz reduced drastically.

Equities8d ago

Top Premarket Decliners

STAK (STAK) shares were down 55% in Monday premarket trading after the earlier session's 602% rally.MapLight Therapeutics (MPLT) stock was down 55% after the company said a phase 2 trial of ML-007C-MA in schizophrenia met its primary endpoint, demonstrating a significant reduction in severity of the condition versus placebo.Profusa (PFSA) shares were down 18% after the company signed a non-binding term sheet to acquire a privately held commercial-stage diagnostics and toxicology testing company.Recon Technology (RCON) stock was down 15%, following the earlier session's 11.6% gain.

$MPLT$PFSA$RCON$STAK

Asia8d ago

Jumbo Group Unit to Establish JV Company in Singapore

Jumbo Group's (SGX:42R) Jumbo F&B Services signed a joint venture agreement with K.Grand Resources and Yap Kok Kiong to incorporate a new company in Singapore.Under the agreement, the parties will establish and operate the Ng Ah Sio Bak Kut Teh brand in Shanghai and other locations in China, according to a Monday bourse filing.K.Grand Resources will hold a 60% stake in the partnership, while Jumbo F&B Services and Yap Kok Kiong will each own 20%.

SGX:42R

Asia Markets8d ago

Easing Oil Prices Strengthen European Bourses Midday

European bourses tracked higher midday Monday as traders weighed easing oil prices, waded back into tech issues, and monitored the latest lull in Persian Gulf hostilities.Bank stocks also led gains on continental trading floors, while oil shares lagged.Investors additionally eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges.Front-month North Sea Brent crude-oil futures were down 6.3% at $85.90 a barrel in midday trades.In economic news, the European Central Bank's July rate decision to hold steady was correct, but in September a rate boost is likely in order, Governing Council member and National Bank of Slovakia (NBS) Governor Peter Kazimir said on Monday, in a statement issued by NBS.The pan-continental Stoxx Europe 600 Index was up 0.9% mid-session.The Stoxx Europe 600 Technology Index was up 2.3%, and the Stoxx 600 Banks Index gained 1.5%.The Stoxx Europe 600 Oil and Gas Index eased 2.1%, while the Stoxx 600 Europe Food and Beverage Index declined 0.4%.The REITE, a European REIT index, rose 0.1%.On the national market indexes, Germany's DAX was up 1.7%, and the FTSE 100 in London gained 0.7%. The CAC 40 in Paris was up 1%, and Spain's IBEX 35 lifted 1.6%.Yields on benchmark 10-year German bonds were lower, near 3.13%.The Euro Stoxx 50 volatility index was down 5.3% at 17.11, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

Equities8d ago

Expand Energy to Acquire Twin Eagle for $1.25 Billion in Cash

Expand Energy (EXE) said Monday it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.The deal is expected to close in Q3, and is initially expected to contribute over $200 million of projected annual EBITDA and $150 million synergies annually by the end of 2028, the company said.Expand Energy said it plans to fund the acquisition using cash on hand and borrowings from its revolving credit facility.The merger creates value by improving Expand's marketing and commercial strategy, increasing its customer and market reach, and strengthening its finances, the company said.Shares of the company were down 1% in premarket activity Monday.

$EXE

Mining & Metals8d ago

GUIDANCE: (TTGI.V) Turnium Technology Expects Q4 Revenue Range C$8.0M - C$8.5M

$TTGI.V

Mining & Metals8d ago

Earnings Flash (TTGI.V) Turnium Technology Sees Preliminary Q3 Revenue C$7.2M-C$7.4M

$TTGI.V

Asia8d ago

Ascletis Pharma's ASC37 Outperforms Tirzepatide in Weight Loss in Mouse Model

Ascletis Pharma's (HKG:1672) ASC37 demonstrated superior weight loss to tirzepatide in a diet-induced obese mouse model, according to a Monday Hong Kong bourse filing.The company will submit an investigational new drug application of both ASC37 once-monthly subcutaneous and oral formulations in the third quarter.Biologics license applications for the formulation will be submitted to the U.S. Food and Drug Administration after phase III completion.

HKG:1672

Mining & Metals8d ago

Troilus Mining Gets Quebec Government Support to Advance Project Permitting

Troilus Mining's (TLG.TO) Troilus project will receive support from the Quebec Government during the provincial permitting process, the development-stage gold-copper mining company said Monday.Quebec's Minister of Natural Resources and Forests selected the project as one of the first developments to benefit from the government's Filon service, which seeks strengthen coordination among ministries and agencies to accelerate the advancement of qualified projects.

$TLG.TO

Showing 5141-5160 of 66516

International8d ago

US Dollar Mixed Early Monday, Focus on FOMC, Q2 GDP This Week

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