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Brief: Canada's Manufacturing Sales Rise 3.6% M/M in February; MUFG Says Consensus Saw 3.8% M/M Gain

March US Import Price Index Rises 0.8% Vs. Expected 2.3% Gain, Prior 0.9% Increase

Black Iron Upsizes LIFE Offering to Gross Proceeds of up to US$1.9 Million

Black Iron (BKI.TO) on Wednesday said it upsized the listed issuer financing exemption offering previously announced on April 6, 2026 by US$200,000, from gross proceeds of up to US$1.7 million to gross proceeds of up to US$1.9 million (around C$2.6 million).The company said that the LIFE offering continues to be conducted on a non-brokered basis at a price of C$0.10 per unit of the company, for the issuance of up to an additional of around 2.6 million units pursuant to the upsizing, bringing the maximum number of units issuable under the LIFE offering to around 26.2 million units if fully subscribed.The company further said that each unit will consist of one immediately free trading common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of C$0.20 per common share for a period of 36 months following the closing date, starting on the date that is 60 days from the closing date, subject to acceleration in certain circumstances.The company added that the net proceeds will be used for ongoing project and administrative expenditures including permit renewal relating to its Shymanivske Project and general corporate purposes and working capital.It further added that the completion of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange, and closing for minimum gross proceeds of approximately US$1.2 million.

$BKI.TO

Asia92d ago

Praxis Home Retail Names Chairperson

Praxis Home Retail (NSE:PRAXIS, BOM:540901) appointed Ravi Venkatraman as chairperson, effective immediately, in addition to his role as an independent director, according to a Wednesday filing.

BOM:540901NSE:PRAXIS

Research92d ago

Seaport Downgrades BRP to Neutral From Buy

$DOO

Research92d ago

Research Alert: Fhn: Q1 Earnings Beat As Credit Quality Remains Pristine

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FHN posted solid Q1 2026 results with operating EPS of $0.53 vs. $0.52 prior quarter, $0.03 above consensus. The bank demonstrated strong operational leverage with return on tangible common equity reaching 15.1% for the third consecutive quarter, above management's 15% target. Credit quality remained a bright spot as net charge-offs fell 1-bp to 0.18%, well below peers, while nonperforming loans held steady at 0.94%. Net interest income contracted 1%, primarily due to day count differences, but net interest margin expanded 1-bp to 3.52% as interest-bearing deposit costs declined 25 bps to 2.28%. Period-end loan balances increased $221M to $64.4B, with positive composition shifts toward higher-yielding C&I lending. The bank aggressively repurchased $233M in shares, contributing to a 10-bp decline in the CET1 ratio to 10.5%. FHN reduced its near-term CET1 target to 10.5% from 10.5%-10.75%, a reasonable change given the improved operating environment, in our view.

$FHN

Research92d ago

Research Alert: Bank Of America Exceeds Q1 2026 Earnings And Revenue Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BAC posted an earnings beat of $1.11 vs. the $1.01 consensus and $0.91 a year ago, with revenue up 7.2% Y/Y to $30.3B due to 9.0% NII growth and non-interest income gains. Consumer banking revenue was up 5.0%, with consumer average loans and leases at $322B, up 2% from a year ago. Global Markets was a standout with 8% revenue growth to $7.1B, marking the 16th consecutive quarter of Y/Y growth, while Equities reached $2.8B revenue, up 30.0%. BAC returned $9.3B through dividends and share repurchases in Q1. Credit quality metrics remained robust, with the provision for credit losses falling to $1.3B and the net charge-off ratio improving to 0.48% from 0.54%. The CET1 ratio of 11.2% demonstrates a strong capital position above regulatory minimums. We think BAC faces more risk in traditional lending than capital markets, and while the consumer stays resilient, we may see credit card growth slow if job market challenges emerge. We believe geopolitical uncertainties present risks to BAC's 2026 performance outlook.

$BAC

Mining & Metals92d ago

Extendicare Announced April 2026 Dividend of C$0.0441 per Share

$EXE.TO

Asia92d ago

Looks Health Services Names CFO

Looks Health Services (BOM:534422) appointed Ajay p Goyal as chief financial officer of the company, effective April 15, according to a same-day Indian bourse filing.

BOM:534422

Commodities92d ago

Hunting Middle East Operations Remain Unaffected by Conflict, Q1 Shows Strong Order Momentum

Precision engineering company Hunting said in its Q1 2026 trading update on Wednesday that its operations and personnel in Dubai and Saudi Arabia remained safe and largely unaffected by the ongoing conflict in the Middle East.The company said that as of now, it expected minimal impact on its profitability for the year, as a result of the war, while adding that it would ultimately depend on how long the conflict lasts. It also said that the higher commodity prices were yet to translate into increased US or international rig counts, as operators adopt a "wait and see" approach.It, however, noted that it remains well placed to benefit from any increase in activity, while CEO Jim Johnson added that they "remain vigilant regarding Middle East volatility."During Q1, the company continued to build on its energy-related subsea sales order book, which include $63.5 million of orders secured for a project in Guyana for its titanium stress joints.The company said the OCTG, or oil country tubular goods, pipeline reached $1 billion, despite some delays in the Middle East that are expected to be resolved in Q2 2026.Also, the company revealed on Wednesday that it has finalized the combination of its EMEA and Asia Pacific operations into one 'International' operating segment, starting from Jan. 1, 2027.

Equities92d ago

Citigroup Adjusts Valero Energy Price Target to $246 From $212, Maintains Neutral Rating

Valero Energy (VLO) has an average rating of overweight and mean price target of $253.59, 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)

$VLO

Mining & Metals92d ago

Bunker Hill Says "On Track" for June Restart In Idaho

Bunker Hill Mining Corp. (BNKR.TO), which saw its shares gain 3.5% yesterday, provided Wednesday a corporate update highlighting "continued and safe progress" toward the restart of the Bunker Hill Mine in Idaho's Silver Valley anticipated in June 2026."As our growing team continues to execute safely to plan, we remain on track for the restart of Bunker Hill mine in June, delivering critical metal into the U.S. metals supply chain and creating U.S. mining jobs at a vital time," said Sam Ash, CEO and President.

$BNKR.TO

Mining & Metals92d ago

Sprott Launches Rare Earths Ex-China ETF

$REXC$SII.TO

Asia92d ago

PTC India Redesignates Chairman & Managing Director as MD & CEO

PTC India (NSE:PTC, BOM:532524) said it has changed the designation of Manoj Kumar Jhawar from chairman and managing director to managing director and chief executive officer, effective April 13, according to a Wednesday filing on Indian exchanges.The change results in his relinquishment of the role of chairman, the filing said.

BOM:532524NSE:PTC

Japan92d ago

Mako Mining Books Record Q1 Gold Production

Mako Mining (MKO.V) reported Wednesday record gold production of 13,721 ounces in the first quarter.The output comprises 10,398 ounces of gold from the San Albino mine in Nicaragua and the 3,323 ounces from the Moss mine in Arizona.Mako integrated the Moss mine into its portfolio in March 2025 through a US$6.5 million deal to acquire the asset.The company said its first-quarter revenue reached US$68.6 million at a record average gold price of $4,904 per ounce.Mako said it is currently debt free with a cash position of $96.1 million, allowing the company to advance the Eagle Mountain project in Guyana and the Mt. Hamilton project in Nevada.The company traded 3.9% higher at last look to $7.65 per share on Nasdaq pre-market trading.

$MKO.V

Asia92d ago

Neutech Group Unit to Form Elderly Care JV with Neusoft Subsidiary

Neutech Group (HKG:9616) unit Dalian Neusoft Ruixin Health Technology entered into an agreement to form JV company Shanghai Neusoft Ruixin Health Technology with Shanghai Neusoft Data Technology on Wednesday, according to a same-day filing with the Hong Kong bourse.Of the JV's registered capital of 130 million yuan, Dalian Neusoft Ruixin Health Technology and Shanghai Neusoft Data Technology will contribute 104 million yuan and 26 million yuan, hence owing 80% and 20% of the firm, respectively.Shanghai Neusoft Ruixin Health Technology is a holding vehicle specializing in promoting a citywide smart elderly care platform and products to build an effective elderly care ecosystem.Dalian Neusoft Ruixin Health Technology previously entered into contracts to form four other JV firms since June 2025.Shanghai Neusoft Data Technology is a unit of Neusoft Corporation (SHA:600718).

HKG:9616SHA:600718

Treasury92d ago

Canada's Fuel Tax Suspension to Offer Minimal, Temporary Effect on CPI, Says Scotiabank

The Canadian government on Tuesday announced to expect a spring fiscal update on April 28 and a gasoline tax cut decision that offers minimal effects, said Scotiabank.The fuel cut will knock about 0.1% off the month-over-month April consumer price index when prorated and probably another 0.1 off May when the full month is affected, noted the bank.Then the cut shakes out from June until September, after which its reversal would add back around two-tenths to October CPI, stated Scotiabank.Key are whether it's just a cut for the Summer driving season, whether margins across refiners and retailers crowd in the space, and whether it gets passed on or absorbed in the profit margins of businesses that use a lot of fuel, pointed out the bank.The Bank of Canada's preferred core measures of inflation-trimmed mean and weighted median CPI exclude the direct effects of changes in taxes and the indirect effects are likely to be "very small," according to Scotiabank.

$CXY

Research92d ago

UBS Downgrades Janux Therapeutics to Neutral From Buy, Adjusts PT to $15 From $57

Janux Therapeutics (JANX) has an average rating of Buy and mean price target of $46.75, 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)

$JANX

Asia92d ago

SRM Contractors Secures Orders Worth INR1.68 Billion

SRM Contractors (NSE:SRM, BOM:544158) secured contracts worth a combined 1.68 billion Indian rupees from the National Highways Authority of India and the Public Works Department, Maharashtra, according to a Wednesday filing on Indian bourses.The NHAI order, valued at 1.28 billion rupees, involves landslide remediation works on the Pandoh-Kullu section of NH-03 in Himachal Pradesh on an EPC basis, the filing said. The order is to be completed in 12 months, it added.The Maharashtra Public Work Department contract, worth 400 million rupees, covers construction of a road, bridges and culverts on the Nandgaon Peth-Morshi-Warud section of NH-353K, the filing said. The contract is for 18 months, it added.

BOM:544158NSE:SRM

Research92d ago

Goldman Sachs Downgrades SolarEdge Technologies to Sell From Neutral, Adjusts PT to $31 From $36

SolarEdge Technologies (SEDG) has an average rating of Hold and mean price target of $35.80, 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://finwires.com/en/contact)

$SEDG

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