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Apollo Global Management to Invest $1.5 Billion in Keppel Offshore Fund

Apollo Global Management (APO) said Monday that it has agreed to invest $1.5 billion into Keppel Offshore Fund, a portfolio of offshore energy assets managed by Singapore-based global asset manager Keppel.The transaction is subject to customary closing conditions, which include receipt of applicable regulatory approvals, Apollo said.Shares of Apollo were up more than 1% in recent Monday trading.Price: $124.54, Change: $+1.93, Percent Change: +1.57%

$APO

Wire8d ago

PMGC Holdings Unit Engages Deploy360 to Evaluate GPS-Denied Drone Navigation Technology

PMGC Holdings' (ELAB) NorthStrive Defense Tech subsidiary signed a project services agreement with Deploy360 for an independent validation and testing of the GPS-denied autonomous navigation technology under option by NorthStrive, according to a Monday statement.No financial details were disclosed.The deal is intended to provide NorthStrive an independent assessment of the patented technology as it evaluates a potential definitive license agreement, the company said.The project is expected to start Aug. 3, with a final validation report expected around Oct. 12, NorthStrive added.Price: $0.86, Change: $-0.04, Percent Change: -4.11%

$ELAB

Wire8d ago

UBS Adjusts HCA Healthcare Price Target to $579 From $635, Maintains Buy Rating

HCA Healthcare Inc (HCA) has an average rating of overweight and mean price target of $465.35, 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)Price: $386.71, Change: $+4.41, Percent Change: +1.15%

$HCA

Mining & Metals8d ago

Starcore International Mines Q4 Income and Revenue Rises

Starcore International Mines (SAM.TO) reported fourth quarter income of C$0.05 per share compared with C$0.02 per share, a year earlier.Revenue increased to C$11.4 million for the three months ended April 30, compared with C$9.4 million, a year-ago.The company had C$12.3 million cash on hand and C$9.7 million of working capital, as at April 30, it said.Shares of the company were last seen down 2.3% at C$0.42 on the Toronto Stock Exchange.

$SAM.TO

Wire8d ago

Franklin Electric Keeps Quarterly Dividend at $0.28 a Share, Payable Aug. 20 to Shareholders of Record as of Aug. 6

$FELE

Mining & Metals8d ago

Bombardier Delivers 200th Challenger 3500 Jet

Bombardier (BBD-B.TO) has delivered its 200th Challenger 3500 jet, the company said Monday.The milestone reflects the robust "market traction" of the Challenger 3500 jet since it entered into service, a statement added."Delivering the 200th Challenger 3500 jet is a defining milestone for Bombardier and a powerful testament to the aircraft's remarkable success in the super-midsize segment," said David Murray, executive vice president, manufacturing, IT and Bombardier operational excellence system.Price: $374.21, Change: $+7.96, Percent Change: +2.17%

$BBD-B.TO

US Markets8d ago

Bank of Hawaii Second-Quarter Earnings Top Views, Revenue Falls Short

Bank of Hawaii (BOH) reported higher-than-expected second-quarter earnings on Monday, while revenue growth fell short of market expectations.The lender's net income rose to $1.47 a share for the quarter ended June 30 from $1.06 the year before, topping the consensus on FactSet of $1.45. Revenue, expressed as the sum of net interest income and total noninterest income, rose to $196.9 million from $174.5 million. Five analysts polled by FactSet had estimated $199.5 million.Shares of the bank fell 1.3% in Monday trade. The stock is up 22% so far this year.Noninterest income fell to $43.3 million from $44.8 million last year, weighed down by a $400,000 charge related to a Visa (V) class B share conversion ratio change in the second quarter of 2026. Within noninterest income, trust and asset management increased, while fees, exchange and other services declined.Net interest income increased to $153.6 million from $129.7 million in the 2025 quarter, according to Bank of Hawaii. Net interest margin advanced to 2.78% from 2.39%."Net interest margin expanded for the ninth consecutive quarter, supported by the ongoing repricing of cash flows," Chief Executive Jim Polk said in a statement.Bank of Hawaii's average total deposits in the second quarter rose to about $20.83 billion from nearly $20.7 billion a year earlier, but declined from the previous quarter. "Average total deposits were modestly lower during a seasonally lower period," Polk said.Last week, two of Bank of Hawaii's peers reported year-over-year improvements in their second-quarter results.First Hawaiian Inc.'s (FHB) second-quarter EPS rose to $0.60 from $0.58 a year ago. Revenue, expressed as the sum of net interest income and total noninterest income, grew to $231.3 million from $217.5 million. Central Pacific Financial (CPF) reported annual gains in second-quarter earnings and net interest income.

$BOH$CPF$FHB

Sectors8d ago

Gold Rises as Weak US Data Weighs on Dollar, Treasury Yields

Gold rose for a second straight session early Monday, edging higher as the dollar and Treasury yields eased after another report pointed to a slowing US economy.Gold for November delivery was last up $15.70, or 0.4%, at $4,145.40 per ounce.The US Census Bureau reported that durable goods orders rose 0.3% in June, following a 4.0% decline in May, but well below consensus expectations for a 2.1% increase, according to MarketWatch.The weaker-than-expected data added to signs of a slowing US economy and could bolster the case for the Federal Reserve to keep interest rates steady despite higher energy prices following the US-Iran war, which have increased inflationary pressures. Although gold prices are down 21% since the Feb. 28 start of the war, demand for the precious metal remains solid."Gold climbed about 0.9% to near 4,090 dollars an ounce, on track for its first monthly gain since the Middle East conflict began, with central-bank reserve buying and sovereign-debt concerns cited as structural supports," Saxo Bank wrote.The dollar was lower early, with the ICE dollar index last seen down 0.08 points to 101.38. Treasury yields also dropped. with the two-year note paying 4.327%, down 2.5 basis points, while the yield on the 10-year note was down 3.7 points to 4.651%.

$GLD$GLX6

Wire8d ago

Carrier Global to Sell its Noresco Business to Opterra Energy Services

Carrier Global (CARR) said Monday that it has agreed to sell its Noresco business to Opterra Energy Services, a unit of LS Power.Financial terms of the deal were not disclosed.The deal is slated to close "shortly," Carrier said.Price: $69.66, Change: $+0.76, Percent Change: +1.10%

$CARR

Wire8d ago

Taoping Subsidiary Secures $5.2 Million in Smart Elevator Project Orders

Taoping (TAOP) subsidiary Skyladder (Tianjin) Technology Development has secured roughly $5.2 million in new smart elevator project orders, the company said Monday.The projects cover a broad range of high-demand use cases, including urban renewal, affordable housing and commercial housing, according to a statement.Price: $0.88, Change: $+0.06, Percent Change: +7.75%

$TAOP

Mining & Metals8d ago

Phenom Resources Begins Drilling at the Dobbin Gold Project in Nevada

Phenom Resources (PHNM.V) on Monday said it began drilling at the Dobbin gold project in Nevada.Drilling will test a gold soil anomaly and other gold-prospective areas, according to Phenom."The soil anomaly is very impressive and, in my experience, is very reminiscent to the strength and size that of the historic soil anomaly over the original Carlin deposit in the Carlin trend," said Dave Mathewson, Phenom's director and geological advisor.The company's permit allows it to drill up to 26 holes on the property, along with 12 mechanical trenches totaling 5,291 feet.The company's shares last traded Friday, closing at C$0.36 on the TSX Venture Exchange.

$PHNM.V

Wire8d ago

Citic Securities Adjusts Price Target on Alphabet to $434 From $430, Maintains Buy Rating

Alphabet (GOOGL) has an average rating of buy and mean price target of $429.64, 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)Price: $328.26, Change: $+8.51, Percent Change: +2.66%

$GOOG$GOOGL

Mining & Metals8d ago

Talon Metals' President Mike Kicis to Step Down

Talon Metals' (TLO.TO) president Mike Kicis will step down on Aug. 1, although he will remain as a consultant for up to three months, the company said on Monday."Over the past 15 years, he has been instrumental in driving step-change transformation, including, among others, the earn-in to the Tamarack Project and, most recently, the acquisition of Eagle Mine and Humboldt Mill," said Chief Executive Officer Darby Stacey.Stacey will oversee the transition and Kicis' responsibilities will be given to the company's leadership team and external resources, added Talon.Talon's stock was up 2.4% to trade at C$5.56 recently in Toronto.Price: $5.57, Change: $+0.14, Percent Change: +2.58%

$TLO.TO

Oil & Energy8d ago

EMEA Natural Gas Update: Futures Slide Amid Reports of Progress in US-Iran Talks

European natural gas futures retreated sharply on Monday, pulling back from a four-month high, amid reports of progress being made on the diplomatic front between the US and Iran.The front-month Dutch TTF contract was down 7.20% at 58.995 euros ($67.15) per megawatt-hour, while the front-month UK NBP contract dropped 7.28% to 142.890 British pence ($1.90) per therm.US forces refrained from launching fresh strikes against Iran over the weekend, with Tehran likewise suspending retaliatory attacks on US bases across the region after nearly two weeks of steady escalation in the conflict, according to a report by Al Jazeera.Tehran and Washington were also reportedly exchanging messages via intermediaries, restoring hopes for a potential diplomatic resolution to the hostilities.Mediators have also achieved success in getting the two sides back to negotiations, thus averting an all-out war in region, according to a report by Associated Press, citing two regional officials familiar with the matter.Meanwhile, traffic along the strategically crucial Strait of Hormuz, which accounted for one-fifth of global LNG flows, dipped to just 9 transits on Sunday, according to data from ShipFinder.However, Daniel Hynes, a senior commodity strategist at ANZ, noted that Europe still has to "compete hard for available cargoes," due to the ongoing restrictions on LNG flows from Qatar. He also said that the situation was made worse by strong demand in Asia, amid the higher-than-average temperatures in the region.European gas inventories were below historic averages, at 55.35%, compared to 66.47% during the corresponding period a year ago, according to Gas Infrastructure Europe.Inventories were also significantly below the five-year average for this period, at 71.2%, according to the Swiss Federal Office of Energy.The unprecedented heatwave across Europe is set to give way to severe hail and thunderstorms this week, primarily over the Mediterranean region, according to a report by Severe Weather EU, which is set to provide relief from the space cooling demand and gas-fired power burn.

Asia8d ago

Update: Market Chatter: HSBC in Advanced Talks to Sell Australia Loan Portfolio to Blackstone

(Updates last paragraph to add that responses from Blackstone and HSBC)HSBC Holdings (HKG:0005) is in advanced talks to sell its Australian loan portfolio to Blackstone as part of Chief Executive Georges Elhedery's efforts to streamline operations, Bloomberg News reported Monday, citing people familiar with the matter.Blackstone emerged as the leading bidder after outbidding rival firms, the report said, adding that discussions are ongoing and no final agreement has been reached.HSBC and Blackstone declined to comment when reached by.(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.)

HKG:0005

Oil & Energy8d ago

Kuwait Oil Signs $16 Billion Oil Pipeline Deal With Investor Consortium

Kuwait Petroleum subsidiary Kuwait Oil has finalized a $16 billion deal to lease and lease back its crude oil pipeline network with a group of investors led by Blackstone (BX), Brookfield Asset Management (BAM), and KKR (KKR), it said on Saturday.The agreement involves the formation of a joint venture, in which Blackstone, Brookfield, and KKR will collectively hold a 49% stake, and Kuwait Oil will hold 51%.The JV will lease 13 pipelines, totaling about 320 kilometers in length. After 20.5 years, Kuwait Oil will again operate and maintain the pipeline assets in exchange for a volume-based tariff, according to the statement."The JV will not impose any restrictions on Kuwait's refining throughput or production volumes, all of which remain subject to decisions made by the State of Kuwait," the company said.Kuwait Oil is expected to receive $7.85 billion in upfront proceeds upon closing of the JV.Price: $133.45, Change: $+3.48, Percent Change: +2.68%

$BAM$BX$KKR

Wire8d ago

Bernstein Adjusts HCA Healthcare Price Target to $426 From $413, Maintains Market Perform Rating

$HCA

Wire8d ago

Truist Securities Adjusts Price Target on EastGroup Properties to $230 From $215, Maintains Buy Rating

EastGroup Properties (EGP) has an average rating of overweight and mean price target of $226.26, 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)Price: $212.56, Change: $-0.73, Percent Change: -0.34%

$EGP

Oil & Energy8d ago

US Oil Update: Crude Slumps from Recent Highs as US-Iran Hostilities Pause

Crude oil futures fell sharply on Monday as US-Iran hostilities looked to have paused and amid Oman-mediated transit security talks, undoing some of oil's recent hefty gains that last week took Brent close to $100 a barrel.Front-month West Texas Intermediate crude futures tumbled almost 5.9% to $84.11 per barrel, while Brent futures declined 6.1% to $90.85/bbl. Both the contracts were trading near monthly highs last week as conflict intensified.The pullback followed nearly two weeks of intense clashes, after which the US paused strikes and Tehran engaged in constructive talks with Oman regarding transit security in the Strait of Hormuz."The US suspended strikes against Iran for a second night, easing supply-disruption fears after almost two weeks of conflict. The unannounced pause began late Friday, with Tehran saying it had halted retaliatory operations and held talks with Oman over the Strait of Hormuz," Saxo Bank analysts said.The market pullback also comes on the heels of widening pricing distortions.Compounding regional strains, Yemen-backed Houthi forces targeted Saudi energy facilities in Jazan and Yanbu with drone attacks over the weekend.Outside the Middle East, supply disruptions multiplied as oil loading at Russia's Sheskharis terminal in Novorossiysk remained halted due to Ukrainian drone strikes.ANZ analysts warned that while finite buffers such as China's reduced crude imports, emergency stock releases, and Saudi Arabia's East-West Pipeline have cushioned the blow, these defenses are finite, leaving the market vulnerable to further upside price risks if disruption persists.

Mining & Metals8d ago

Leef Brands Raises $14.5 Million to Buy Cannabis Facility, Offers Preferred Shares

Leef Brands (LEEF.CN) has raised $14.5 million in financing that will be used to purchase a cannabis processing and storage facility, the company said Monday.The facility will dry, cure, freeze, and store biomass harvested at Salisbury Canyon Ranch in California before it's transported to Leef Labs in Mendocino County for extraction, the company said. Leef also announced a preferred share offering to raise $5.2 million."This financing represents another important milestone for Leef as we continue investing in the infrastructure needed to support our long-term growth strategy," said Micah Anderson, chief executive officer.

$LEEF.CN

Showing 5401-5420 of 66905

Oil & Energy8d ago